Making Your First Million is Easy – If You Follow These 5 Steps

1. Surround yourself with people who will stretch your mind.

What is your dream that is so big that the thought of accomplishing it seems impossible — and maybe even scares you? Do you think you would be more likely to accomplish it if you had a group of advisors who were already playing at that level? If so, take action on forming relationships with them, and let them guide you the rest of the way.

Read: 10 Essentials to Becoming a Millionaire in Your 20’s

2. Re-frame the impossible.

As you surround yourself with the right people, you will need to work on upgrading your mindset. Part of this will require you to recognize your limiting beliefs and re-frame those thoughts.

To rewrite your own story, ask yourself, “What are the things in my life that scare me and stop me from taking action? Is it the action that really scares me, or is it a false perception that is holding me back? How can I take action and move through it in spite of that fear?”

3. Deliver unexpected value.

Your ability to increase your income hinges on your ability to deliver unexpected value. Most people think the only way they can add more value is by working harder or exchanging money. This is thinking too small. You deliver unexpected value through the connections you can make, the time you can allocate and the problems you can alleviate.

Big opportunities open up when you building relationships with the right people, invest your time in your highest leverage activities and are a person who solves problems. Break out of the old mindset of thinking that you have to work harder or find a higher-paying job, and start developing the habit of incorporating these three things in your everyday life.

Read: How to Make Yourself Look Like a Millionaire (Infographic)

4. Choose your customers wisely.

The easiest way to fast-track your path to a million is to charge more for your products and services. However, when you tell someone to raise their prices, they often push back and say that the market doesn’t allow for that type of increase. This is where you have to choose your customer wisely.

The price a customer is willing to pay is directly tied to the amount of value they receive. If your services deliver a 10 percent sales increase to company that does $1 million in revenue, then you brought $100,000 in value. If you deliver the same 10 percent increase to a $100 million company, your value is exponentially higher. Would the first company pay you $250,000 for your services? No way. Would the second? It is quite possible.

5. Invest for the long term.

So many people go for the fast and easy win. While this may work for some, you will find that results come a lot faster when you invest for the long term. I’m not just talking about stocks and real estate. I’m talking about how you spend your time, the people you hire, the relationships you build, the products you develop and the structure of your company. These are all investments.

How much money are you leaving on the table because you are not planning out far enough and laying the foundation for long term success? Incorporate these five steps, and you may find that making your first million is easier than you originally thought.

(For Fashion & Photography Bloggers)
Article Credits Go Respectably to Entrepreneur Media, Inc.
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64 Comments
  1. Deidra Alexander 3 years ago

    Do you have any thoughts for writing blogs?

  2. writingandalcohol 3 years ago

    Great post. Please tag me also on thoughts for writing blog.thanks.i check my site everyday.

  3. Style for Smile 3 years ago

    I love your posts, you’re making such a good point!

  4. bestiosgame2016 3 years ago

    Great post, I’ll keep these tips in mind

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  6. Aricouture 3 years ago

    Great post, good tips!

  7. modestnook 3 years ago

    Wow, your posts are super inspiring. Thanks for the tips!!

  8. juwelishlamyahoocom 3 years ago

    Thanks for the yuo good post

  9. Angel 3 years ago

    Thankyou for these tips

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  11. michael esplana 3 years ago

    Good one old sport! 🙂

  12. Michael Esplana 3 years ago

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  13. Awakening Angels 3 years ago

    As always great info here. Thanks!

  14. Merih T 3 years ago

    ??????

  15. Anita 3 years ago

    Please let me know about the blogging tips too 🙂 Thanks! Great tips. It is about expanding our mindset and dreaming big, plus taking action! http://www.anitaozo.com

  16. mylifeasishan 3 years ago

    Great post

  17. itsagirldreammortss 3 years ago

    Love your post it is so useful

  18. Excellent!! I definitely am always inspired by your words and your encouragement! 🙂 Happy Father’s Day!! Kind Regards and Sunshine – K

    https://theblackwallblog.wordpress.com/2016/06/11/my-lists-have-lists/

  19. Esther 3 years ago

    This is a great post

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  22. rfh 3 years ago

    Nice

  23. Nat Carter Artography 3 years ago

    Excellent!!!

  24. Blogs By Seth Henry 3 years ago

    Really loved reading this. Definitely an intriguing read!

  25. Aisha 3 years ago

    It’s all about being positive!?

  26. sophisticatedhomes 3 years ago

    Great post. Thanks.

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  30. valentinablingbling 2 years ago

    I think it is easier said than done!

  31. valentinablingbling 2 years ago

    However not impossible!

  32. Adeez 2 years ago

    great one

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  35. matibetty 2 years ago

    Food for thought

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  38. Joseph 2 years ago

    i think this is good

  39. Aaron Williamson 2 years ago

    good i mean awesome

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  43. Cédric Lajoie 2 years ago

    Well explained the criteria to become millionaire. Each and everything written and explained in sophisticated manner.

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  45. sarahsparkles 2 years ago

    Great blog. Read ours too sqqcollections.wordpress.com. Thanks

  46. alivetomotivate 2 years ago

    #agreed

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    Interesting article. Check mine out:

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  49. VS 2 years ago

    Thank you so much for your thoughts! I found them very motivating and inspiring 🙂 and what do you think about meeting right people? What if you are not meeting them, could the problem be in you or what are the pitfalls? Best, V

  50. Leonard 2 years ago

    I guess in the end we can’t rob ourselves of the journey of building. Even if it does not happen in that time, our character is forever developing. We’ll be ready when it comes later than we expected.

  51. deetailswithdee 2 years ago

    good read!!

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  53. antongorlin 2 years ago

    you forgot to mention two important things “work hard” and “don’t give up after failures.”

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