Only 1% Of Millionaires Are Under 35 – How You Can Beat The Odds!
Money isn’t everything! It’s just one area of your life you need to get a handle on. Since money impacts so many parts of your life, shouldn’t you take the time to get it under control?
Making a million dollars is really not that much money. Grant Cardone published a study from 2010 that showed that in order to make the equivalent of the average middle-class family due to inflation, you would need to make $180,000 on the low end to almost a million dollars a year on the high end.
Statistics show that only 1% of millionaires are under 35 however, most millionaires are over 50 years old because it has taken them that many years to build up relationships and develop the work ethic to earn that kind of money.
Let’s take a lesson from Sohail Khan who made his first million before the age of 50 but lost his fortune in the 2008 Great Recession and took some time to regroup and rebuilt his fortune in 30 days earning 1.5 million dollars.
The marketplace is filled with companies who are actively spending money on advertising. So we developed strategies where we use the customers that those advertising dollars attracted in order to get more business for ourselves.
Let me explain this in more detail.
Most companies go after one customer at a time we use what is known as joint ventures or group marketing where we land a customer and that one customer may bring us 100s, 1,000s, or depending on the size of the deal tens of thousands or hundreds of thousands of new customers.
Let me explain how this works. The first time I did this I had a one-hour phone call with Joel Brought who agreed to send out an email to his customer base endorsing my product. Then over the next six hours after sending out that email, it resulted in $14,100 in sales for me.
The next time I did this, I made a deal with Al Nin where we made a deal with his dentist. We then made agreements with several beauty salons in the area where we provided them with marketing materials which generated 3,200 new patients in the first 90 days at an average of $2,000 per patient for a total of $6.5 million dollars over the next 12 months. We all worked together.
So he had the idea of putting together a complementary product for those customers and landed a deal where he went through Elance.com and had DVDs published.
As part of this deal, they agreed to pay his $7.50 per unit sold.
They sent out a newsletter to their 400,000 customer base selling 201,462 units and yielding him $1,510,462.
People loved the idea of leveraging someone else’s contacts to build their own customer base but going from the idea to putting it into action can be too much to ask for small businesses. As a small business owner, you often have many challenges you have to handle each day. This is why I want to invite you to partner up with us and work together as a team because we created a shortcut to make it as easy as possible to take advantage of this opportunity.
I want to invite you to visit 90daymillionaire.alphalifestyleacademy.com
I have had a blast recording today’s episode, I’m glad I could help you, stay healthy, and have a great day!
