The Top 7 Businesses You Should Start That Will Give You The Best Odds Of Wealth
The marketplace is filled with opportunities promising you they can help you make more money but what does that data show us?
There are certain industries like beverage distribution which is one of the profitable ventures for those involved in them. However, there are territories assigned to those who got in early that have been handed down from generation after generation which makes it almost impossible for new people to get involved in their industries.
There are other industries that have a large number of wealthy people in those industries however, when you look at the economics there is a very small percentage of those who become wealthy.
Starting a restaurant is the most popular business to start with about 210,000 restaurant owners however, only about 4,471 are wealthy which equates to only about 2%.
Rental Property
43.2% of the richest Americans own rental property however, how do you get started in this space if you don’t have the capital to invest in rental properties? Arnold Schwarzenegger also took advantage of another industry that will give you the best odds of wealth, that of
Arnold became a millionaire before he made his name known in Hollywood. The legendary Joe Weilder mentored Arnold and helped him launch his own fitness program and invested the money he made into real estate where he made his first millions.
Activities Related To Real Estate
25.2% of the richest Americans are involved in real estate-related services which would include being a real estate agent and mortgage broker, however, according to a 2014 NAR, it was reported that 87% of all new agents fail after five years in the industry, with only 13% making it.
The average real estate agent makes around $40,000 per year. However, Jim Fleck made $3 million dollars in his first 9 months in real estate by taking advantage of being an independent artist, publisher, and performer by offering his own books and courses that established him as the most credible expert in his field.
Automobile Dealers
20.8% of the richest Americans own auto dealerships because there are laws to protect you from over competition. If you own a Mercedes dealership, it is against the law to have another Mercedes dealership right next door to you. In other industries, you have to be more creative and find other ways to stand out similar to what Jim Fleck had to do to make $3 million dollars in his first 9 months in real estate.
Financial Services
18.5% of the richest Americans work in financial services. W. C Stone was able to make a million dollars a year working in this industry selling as many as 121 life insurance policies per day during The Great Depression.
Independent Artists, Publishers, & Performers
12.5% of the richest Americans work as an independent artists, publishers, and performers, however, many of these types of people consider the work they do as a hobby and have not taken the work they do seriously enough to set up their corporation. These numbers only include those who have taken their profession seriously enough to set up their corporation.
There are many musicians who will never be signed to a big music label or be seen on TV however, they have built a following large enough to be considered in the top 0.01% of Americans. The same is true for artists, actors, and authors.
Before casting Vin Diesel in “Saving Private Ryan” Vin Diesel financed his own movie and raised $50,000 where he cast himself as the star and took his movie to a film festival. Self-publishing is not a new idea. Today we have Youtube, social media, and other tools, however, Arnold Schwarzenegger’s mentors built a fitness empire by self-publishing his fitness programs.
The marketplace is filled with merchandise where everyone is selling the same type of products just under a different company and or brand name. The advantage of being an independent artist, publisher, and performer is there is no price comparison because you don’t get paid for what you do but for who you are.
In Paris Hilton’s wilder days she was paid to show up at a club where you and I would have to pay.
Professional Scientific, & Technical Services
10.6% of the richest Americans work in professional, scientific, and technical services as owners This would also include market researchers, doctors, sales, and other professionals. Many doctors also take advantage of being independent artists, publishers, and performers as well.
Dr. Robert Lustig has authored numerous books and programs but is also paid to speak at events and conferences and just like Jim Fleck this helps establish themselves as the most creditable expert in their field.
I worked as a
People love the idea of leveraging someone else’s following to build their customer base but going from the idea to putting it into action is too much to ask of small businesses. As a small business owner, you already have many issues you have to handle. This is why I want to invite you to partner up with us and work together as a team because we have created a short cut to make it as easy as possible to take advantage of this opportunity.
I want to invite you to visit 90daymillionaire.alphalifestyleacademy.com
Miscellaneous Durable Goods Merchant Wholesalers
10.0% of the richest Americans own a business where they may outsource the manufacturing of their product.
Many wealthy people earn their income in multiple categories they might own a business, but may also publish their own works to help establish them as experts, and will re-invest their money into real estate.
It is not enough to run a business in these industries. If you want to be wealthy, as Mark Cuba says “If you do not know more than your competition they are going to kick your ass”. Take for instance the classic writings of Napoleon Hill which was a 25-year study of the world’s most successful individuals. It found there are 17 principles of success, 33 reasons people fail, and 6 things that cause people to
One of those principles is a mastermind allience. Most companies go after one customer at a time however, the most successful companies you use group marketing or what is often called joint ventures where we land a customer where that one customer may bring your 100s, 1,000s or depending on the size of the deal 10s of 1,000s or 100s of 1,000s of new customers.
People love the idea of leveraging someone else following to build their customer base but going from the idea to putting it into action is to much to ask for small businesses because you as a small business owner already have many issues you have to handle this is why I want to invite you to partner up with us and work together as a team because we created a short cut to make it as easy as possible to get as many of you to take advantage of this opportunity as possible by working together as a team.
I want to invite you to visit 90daymillionaire.alphalifestyleacademy.com
