Thread: Steps to take to make it big

Originally Posted by Birdem

I was wondering what steps rich people or people on the verge of being rich took to make it where they are. I know you have to provide tons of value, but I feel my ideas lack value I dont know why. I feel as if I have to find a new world or create the wheel to provide value. How do you know when your providing value for people. What Im basically saying is I see tons of things out there that provide no value at all but people tend to buy them anyway. I know value is different for everybody but how do we actually know? Do we just put out alot of things until we hit the jackpot. Im kinda lost at the moment.

It's not your perception of value that matters; it's the customer's. The successful see and understand the value that others perceive and deliver it to them. I recommend a book called Blueprint to a Billion: Seven Essentials to Achieve Exponential Growth. The author is David Thomson. Don't be like everyone else and let the title distract you. The book is about how successful companies (i.e. Williams-Sonoma, Tractor Supply, Google, Cisco, etc.) reached billions in revenue (not market cap) from providing value on multiple levels. It's an ideal business building/management book for anyone trying to figure out what you are trying to figure out. If you literally want something that gives step-by-step what honest rich people do to get where they are, read this book. The Millionaire Fastlane, Rich Dad books, and Build a Business, Not a Job couldn't hurt either.

By the way, you NEVER put out different things until something sticks. You do not throw darts at a board to get to where you want to go. You bet on sure things. Sure things come from identifying needs (or desires) and meeting them: period. Blueprint to a Billion will teach you that you do not have to invent the wheel, either.

Consistent self-discipline and action.

Taking all of the small actions on a day-to-day basis.


If you feel like your ideas lack value, mention a few of them. I and I think other fastlaners would be happy to help you with making them better.

ALSO! You probably just don't realize the value of your ideas. I was like this for a long time. I would come up with an idea and then say that it didn't add enough value. When I stopped judging it and started putting ideas out there and just taking action, people started to pay attention and support me. People who I never thought would ever support me began supporting me. It was an incredible experience and it helps build momentum.

I was so afraid to make millionaire mentors in the beginning. In fact, I sat on the idea from September to the end of November because I was afraid it wouldn't add value. But I now get emails from people telling me how one idea changed their whole life.

I bet you have some AMAZING value in your ideas but you've just been censoring them.

Also, those things that you see no value in usually solve a problem for a specific market. Even if it looks useless, some people need to constantly buy things as a way of coping with their unfulfilled lives.

The thing is I usually ask myself would I need this product or service, if I say no I kill the idea. I would say my second problem is sometimes I do way too much homework than actually put out anything. Did any of you guys ever went into an idea with totally no experience? I appreciate the input from the people that have replied.

Originally Posted by Birdem

The thing is I usually ask myself would I need this product or service, if I say no I kill the idea. I would say my second problem is sometimes I do way too much homework than actually put out anything. Did any of you guys ever went into an idea with totally no experience? I appreciate the input from the people that have replied.

I once started a promotional products business. I joined a major (very long established) network marketing company called Kaiser and Blair. I had no plan, though the company equipped you with everything you needed to get started. I was starting it just to start it, really.

I once started a theme-based social network dealing with financial education. Members would share financial education with each other and help each other eliminate money problems in their lives. I don't know how to manage a social network, nor want the responsibility.

I tried to start a t-shirt business with a friend, once. Over-saturated market. I have no patience in figuring out how to stand out in a marketplace driven by price wars.

Can you guys share how you come up with your ideas do you just sit and think or brainstorm?

I'm an ideas guy. I come up with ideas each and every day. It really does not matter what your idea is, the important thing is to pick one, it does not have to be the best, just pick one, and do it. Come up with a brand, a slogan and get it out there. Let the market dictate where you go with the idea.

I never sit and brainstorm, personally. I don't know if this is the case for anyone else, but the reason I have so many ideas so often is because I've been trained to see opportunities. 8+ years ago, when my financial education started with Robert Kiyosaki, to the most recent 5 years when my real economic education started with Peter Schiff - including all of the mentors I've never met who are in between - I've been trained to recognize opportunities. I was not able to do this 10 years ago. Ideas did not simply come to me. But I get ideas because of my trained eye for opportunity. I can see things that others cannot. Whenever I have a job, I don't have the tunnel vision that co-workers do in just doing my job, making my paycheck, then rinsing and repeating. I pay attention to the systems that the business I work for is built on, I pay attention to sales opportunities and marketing opportunities, etc. When student loan debt exceeded credit card debt in America; I saw the opportunity to eliminate the need for student loan debt in our country [a project my business is working on right now.]

As for the businesses I spoke of in my previous post: there was a time when I was attracted to ideas that would make the most money. Now, I'm attracted to the ones that fill the greatest needs. I'm ambitious and have unusually lofty goals. I like to tackle issues that are HUGE...find the solution...then deliver the solution to the masses. For me, it's all about perception.

So what you do is see flaws in certain systems and find a solution to them? I guess my eye isnt trained yet lol.