Do you want to make a quick buck? Do you want me to teach you how you can make an extra hundred grand?
Throughout your entrepreneurial life, you’ll hear stories of other entrepreneurs who are making thousands of dollars a day from a business that seems easy to replicate. And if you get lucky, you’ll actually get to meet a few of these entrepreneurs.
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But before you make any rash decisions and try to get rich quickly, here are a few things that you need to know:
You really can get rich quickly
Not only have I met a lot of people who are getting rich quickly through businesses that seem easy to replicate, a small portion of my friends are actually in the space and are doing very well.
There isn’t anything wrong with most of these businesses, and I respect all of my friends. But just because they are doing it doesn’t mean you can too. In most cases, they were able to get rich quickly because:
- they simply got lucky
- they had a special skill set that you probably don’t have
- and they got in during the right time
There is more to it than meets the eye
Although many of these “get rich quick” businesses seem to pull in a lot of money right now, it doesn’t mean that they will be pulling in a lot of money forever.
Most of these businesses are short term. So, if you happen to get lucky and get into a business that is minting money, milk it while you can because it won’t last forever!
So, next time you hear people say they are making $1,000 a day, chances are they have only been making that for a few months, if not a few weeks. Don’t expect them to be making that kind of money for years to come.
How these “gurus” really make money
Most of these get rich quick gurus make money by telling people how they make money. They usually sell their so-called secrets in an eBook, which typically gets bought by thousands of people.
You’ve seen them, right? For $397, I can teach you how I made a million dollars while sitting on a beach.
But what they don’t tell you is that those tactics worked three years ago and that they probably won’t work anymore.
The problem with getting rich quickly
Ninety-nine percent of the people who try to get rich quickly usually fail. Chances are you will too. As I mentioned above, there are several the reasons why you will probably fail getting rich quickly:
- you’re not that lucky
- you don’t have the required skill set
- and you’re too late
And if you happen to be that lucky individual and make a quick buck, it will actually make you poor. The reason behind it is that pursuing a short-term gain will distract you away from your long-term goal.
If you took that time and spent it on a long-term business, you would probably be a lot further. Plus, you’d likely make more money in the long run, especially if the business you are spending all of your time and energy on is something you are really passionate about.
In the short run, you’ll have a very tiny chance of getting rich quickly. By going after that golden carrot, you’ll not only lose time and money, but you’ll also get distracted from your long-term goal.
So, why waste your time trying to go after something that isn’t obtainable? You’ll make a lot more money building a “real” business.
P.S. If you want help growing a sustainable business click here.