Are you searching for a way to make money? Do you browse “make money” websites and feel overwhelmed by the countless options you can take? Are you looking for that one solution that can answer all your money questions?
If there is one solution to how you can make money, this would be the one simple truth:
If you want to make money, sell.
This is the truth that applies everywhere. Every rich person, every great businessman, every entrepreneur can create their wealth because they sell.
You can easily replace “make money” with “make money online”, “be rich”, or “be a milllionaire”.
Do you want to make money online? Sell.
Do you want to be rich? Sell.
Do you want to be a millionaire? Sell.
You understand the point.
This is true because the way to make money is not in get rich quick schemes and the sort. The best way to make money is to provide a creative solution to people’s problems.
And what do you do with the solutions you have? That’s right, you sell them. To the right people.
You should understand that selling here doesn’t always mean selling things such as used items in garage sales. Selling here means an exhange or transaction between two people.
Depending on how wealthy you want to become, there are 3 basic ways to sell and make money:
Sell your time
This is the path most people take. By selling your time, you trade hours for dollars.
As you can see, probably 95% of the world population does this type of selling. It’s the most popular way to make money, because you start to see results at the end of the first month (also known as payday).
People who sell their time for money become employees who work for their employer. There are also people who sell their time to other people but work for themselves. These people are called self-employed.
You can sell your time and make a large amount of money. A CEO is an employee of a company, and the average salary of a CEO in the U.S is $728,399 per year.
You can also work for yourself and make much money. A doctor is a self-employed person and the average salary of a doctor is $224,814 per year.
If you want to make money this way, then it’s wise to choose a career path that is promising. However, not everyone wants to be a CEO or a doctor and the sort. Also, many people have proven that you can be wealthy without having to sell your time for dollars.
Which brings us to the second way you can sell.
Sell your money
Assuming you have a large sum of money at your disposal, you can make money by selling your money.
Selling your money here means investing it. You could invest it into mutual funds, or create your own private investment portfolio.
There are people who have made billions of dollars by being an investor. One of the most prominent investors is Warren Buffet who is constantly in the Top 5 richest people in the world.
Of course, there are also people who have lost their entire life savings trying to be an investor. If you want to make money this way, then there are 2 things that you need:
1. A healthy reserve of money. $10,000 is the minimum if you want a significant return on your money. This must be money you can “burn” while still having a comfortable enough cushion for living costs.
2. Education and patience. If you go into the stock market, you must be educated to learn how it works and be patient or else you will only be a “gambler” and risk losing even more.
According to Robert Kiyosaki in his book “Cashflow Quadrant” (Amazon link), being an investor is one of two ways to become one of the ultra rich. I highly recommend reading this book to increase your financial literacy and understand the choices that you have to make money.
However, not everyone has $10,000 to burn. Which brings us to the third and most feasible way to sell and make money.
Sell your ideas
This is my personal favorite way to sell, and the one I highly recommend to you.
Selling your ideas means you leverage your time. Selling your ideas means you also leverage your money. In short, selling your ideas means building a business.
There are either of two benefits of starting a business.
1. A large capital is not necessary. If you have no money but plenty of time, you can start a business. Most of your time will be spent learning and building your business system. Over time, you can make your system run automatically so you don’t have to put as many hours as before.
2. A large amount of time is not necessary. If you don’t have time but plenty of money, you can also start a business. Most of your money will be spent outsourcing work and investing in infrastructure. Over time, your business will be your main source of income so you can have more time for yourself.
But I don’t have money, and I don’t have time!
Then you seriously need to start a business!
The fact is, you can always find time if you prioritize your goals and keep a schedule. You can always find money if you manage your budget. To overcome the main mindset obstacle that’s keeping you from building a business and increasing your wealth, focus on your power of positive thinking.
So begin with the mindset of selling.
Most importantly, sell something you personally believe in.
That is the one true way to be truly wealthy.
Are you selling time, money, or ideas in your current profession? Is it making the amount of money that you desire? Add your opinion in the comments below.