Money. We all want more of it, and the amount of information out there about making an online income is astonishing.
Whether you’re looking to learn about making money online, starting a side hustle, or investing, there’s just too much advice floating around.
It’s very difficult to know who to trust. Every day it seems like there’s a new guru out there who claims to have all the answers, right?
Fortunately, there are two simple tips everyone can follow to massively improve their chances of successfully learning to build wealth.
Here’s the number one tip.
Don’t listen to people trying to sell you something.
This one can be hard to follow. There are thousands of gurus attempting to make a living by selling you their latest strategies. They will tempt you with screenshots. They’ll tempt you with promises of easy wealth and fast riches. They will showcase amazing testimonials from other customers. It’s important to understand that these are all sales tactics designed to manipulate one into buying. For a better understanding of the psychological principles used to drive decision making, check out Influence by Robert Cialdini.
Make money online salesmen are everywhere. It’s a very profitable industry. From their video ads on youtube to their email marketing to their facebook ads, they surround our daily activity. Even if you know they’re preaching something too good to be true, you want to believe it. You want it to be easy to make an income online, and you want it to be as simple as following a formula. It’s very easy to buy into the hype.
Here’s the problem. Gurus have discovered that their time is better spent selling courses on how to make money than actually doing what they teach in the course. Sure, some of them will say they’re still active in their industry. But being a guru is its own job, and being a successful guru takes a lot of time and hard work. That’s time and hard work they’re not spending working in their industry. If their industry was truly a goldmine, why would they be inviting competition?
Most gurus exist for one of the following reasons.
1. It was easy to make money with their methods in the past, but the opportunity is now saturated.
2. The business of selling courses on how to make money with their methods is more profitable than their actual methods.
3. They’re a fraud selling bogus information for a quick buck.
4. They’ve know of others doing well in the industry they’re teaching but they can’t make it work themselves.
Okay. So we’ve made the decision to ignore anyone trying to sell us anything about making an online income. What’s next? The next step is also very simple.
Listen to people who have real world success in building wealth.
Finding people with real world wealth who aren’t trying to sell you something isn’t always easy. Most of the people putting advice out publicly will be gurus, but if you dig deeper, you’ll realize that there are a lot of genuine successful people who are happy to share their experiences.
How To Get Rich by Felix Dennis (https://www.amazon.com/How-Get-Rich-Greatest-Entrepreneurs/dp/1591842719/) is a good start. Felix Dennis was a real world multi-millionaire media mogul with decades of experience under his belt. He was happy to pass on his knowledge to the next generation of aspiring entrepreneurs in the form of a book. Yes, he sold his advice as a book. But he wrote it at an old age and it certainly didn’t add anything material to his wealth. It definitely wasn’t written as a way to line his pockets at the reader’s expense.
Naval Ravikant is another good example. Naval has made many millions in the start-up world and now takes satisfaction in helping others build wealth by serving others. He often shares his insights on both his Twitter and podcast.
Twitter is a good way to get free advice from people who have made fortunes online. It only takes a little bit of googling to identify the twitter handles of online business icons. These aren’t people who are trying to sell you anything. They just enjoy sharing their insights with others.
By refusing to listen to make money online gurus and only listening to people who have extensive, real-world experience, you will be off to a great start. You’ll be able to take comfort in the fact that all of the advice you are getting is real and has helped make at least one other person truly successful. Hopefully you are able to gain valuable insights that lay the foundation for a very successful online business career of your own.