Advertising
Advertising

5 Ways to Leave Your Dead-End Job and Become a Millionaire Shortly

5 Ways to Leave Your Dead-End Job and Become a Millionaire Shortly

In an age where twenty-year retirement packages and pensions are rarely available and millennials are leaving their jobs in record numbers in hopes of making their first million on the next big opportunity, the time is ripe for workers looking for an exit strategy. Never before has there been a better time to leave your dead-end job.

Such was the case with Ryan Graves, a 9-to-five-er-turned Uber billionaire, whose success story is an inspirational, yet practical example of making it happen. Here are five ways to leave a job with no future and get to seven figures shortly.

1. Develop a high-demand transferable skill.

If you take a look at working millionaires from just about every industry, you’ll notice a trend. Millionaires typically have a skill set that is transferable and/or carries a significant amount of value. In other words, they have the ability to perform functions that make them invaluable. This is often seen in the tech space. High-demand technical positions with early-phase startups can equate to an ownership percentage of the company that later turns into a seven-figure payout.

Advertising

If you want to fast-track your exit strategy and move towards wealth in a shorter amount of time, develop and leverage a skill set to make it happen.

2. Ignore the word “No.”

While this may sound elementary, it’s perhaps one of the most important things to master in business if you want to succeed in achieving millionaire status. To the average worker, the word no carries a negative connotation. Yet, millionaires understand, the more no’s they receive the closer they will be to reaching their goals. The word “no” can be a good thing. It can motivate you to find a way to get to “yes.”

No can often mean that someone is just not ready yet for what you have to offer. However, a no could change to a yes the next time around. Or it may mean that you did not present your offering in the best way. Consider re-framing the way you make your pitch; in a way that shows the benefits to the recipient, as opposed to only talking about what you provide.

Advertising

Hearing the word no after trying to sell something or pitch an idea is one thing, but hearing the word no from nay-sayers is quite another. If you want to successfully leave your day job then you cannot listen to detractors who tell you that you can’t do something or that it will never work. Most every millionaire who left their job has experienced this at some time or another, but they didn’t allow that negativity to occupy their head space.

You must develop the mindset of a millionaire in order to reach that status, and it starts with ignoring the word “no.”

3. Network your way out of a job.

Often times, it’s not what you know, but who you know. Networking is essential to putting yourself in a position for someone of influence to think of your name when an opportunity arises. You never know who you are going to meet; but if you don’t network you will never meet the person who could help change your life. No one has ever left their job and became a millionaire solely by themselves. They either knew someone or met someone that helped them get from point A to point B.

Advertising

Use every opportunity to network and meet someone new and never underestimate the influence of people you talk to. Your next conversation may be the key to punching that time clock for the last time.

4. Hustle at your own expense.

Sometimes, to go forward, you have to go backward. In the story of Ryan Graves, he prospected and generated leads for a company that initially refused to hire him. He decided to prove his worth by accomplishing all of this on his own time and on his own dime—without their knowledge. After turning in his list of new accounts to them, that same company hired him.

If you want to get out of a dead-end job, you have to be willing to hustle and do whatever it takes to make it a reality.

Advertising

5. Recognize the next BIG opportunity.

Imagine if you had invested in Apple, Amazon, or Uber back during their infancy. You may well be a millionaire right now. In order to capitalize on big opportunities, you need to develop a habit of studying trends and looking at things in a different perspective. Look for opportunities to invest in new emerging technologies, clean energy alternatives, and medical sciences.

One of the best online news resources to see what’s trending is Scientific American.

Getting out of the rat race is not impossible. In fact, now is a better time than ever. Regardless of your current situation, you can implement any number of these methods and be well on your way to leaving that dreaded J-O-B. Whether you develop a new skill, adapt the mindset of a millionaire, increase your network, out hustle everyone else, or capitalize on the next big thing, choose one or several and get busy doing the work so you can leave your dead-end job and get to your first million in the shortest time possible.

Featured photo credit: Crew HQ / Luke Chesser via unsplash.com

More by this author

5 Ways to Leave Your Dead-End Job and Become a Millionaire Shortly

Trending in Career Advice

1 The Lifehack Show: Standing Out in Today’s Job Market with Dr. Julia Ivy 2 Clueless On Your Career? Sabbatical vs. Career Break 3 10 Essential Career Change Questions To Ask Yourself This Year 4 10 Job Search Tools Every Jobseekers Need To Know About 5 If You Have This Key Behavior, You’ll Be More Successful Than 90% Of People

Read Next

Advertising
Advertising
Advertising

Last Updated on September 29, 2020

How to Start an Online Business That Will Grow and Succeed

How to Start an Online Business That Will Grow and Succeed

Unsurprisingly enough, all businesses are online today. Considering the advances in the smartphone industry as well as the increasingly accessible internet facility, it was only a matter of time before businesses took advantage of the online environment.

This increasing popularity makes for a promising future for a lot of young entrepreneurs. And knowing how to start an online business will open up a world of possibilities for you that was not possible 10 years ago.

So, keeping the potential for exponential growth in mind, let’s dive into the article below, and explore the steps of starting an online business that will bring you success.

1. Becoming the Master of ‘ONE’ Trade

Most successful online businesses are the master of one trade. And that’s why beginning with a niche is always a good idea.

A niche market is a focused segment within a larger market. Imagine a men’s shoes market and then, imagine handcrafted brown Italian leather shoes for men. While the previous one is a bigger market, the latter one is simply a more focused segment within that market.

Knowing the niche helps a lot to start an online business and if you are feeling a bit lost, here are some self-queries that will act as a perfect guide:

What Speaks to Your Heart?

This first way of discovering the niche is perfect for those who want to do what they love. Working in a market that you love will ensure that constant excitement and drive to do better, eventually leading to ultimate prosperity.

Advertising

Decisions Based on Knowledge

The second way is perfect for those who have a lot of untapped knowledge about a specific industry. Utilizing the insights on a specific industry is a great way to find a niche. This way, you’ll already know all the ins and outs of the industry and can easily get ahead of all the competitors.

Undiscovered Potential

Lastly, conducting research into various industries and finding an untapped segment is another amazing way of finding the right niche. This practice will require you to come up with a new and unique solution for uncatered audiences.

2. When Is Your Idea Valid?

All the great ideas for starting an online business needs to be valid. And once you have found the niche, this validation process is what comes next.

Proving the soundness of the idea is not at all hard. A detailed industry examination is all you need initially to understand the value of the concept and recalibrate it to turn into a great online business.

Market research is a systematic unraveling of the target market. This research will include all the information on the product/service you are about to sell, the target audience, and how the competitors are operating in this crowded market.

This in-depth research will give you the initial idea of how the products can make an impact in the outside world. And once the small online business ideas are validated, it will be time to move on and craft a plan and start working on establishing the business.

3. Crafting the Map to Success

Having a proper plan for an online business is like having a map when you travel to an unknown city. This is a document that includes all the factual information on the business and crucial business data.

Advertising

To help you out, here’s a list of all the information online business plans must include:

  • An idea of objective – The best online business plans always have a clear outline of the business goals and intentions. Having this clear outline will increase the efficiency of business functions later on. The target demographic, business model—all kinds of information needs to be a part of this document.
  • Taking stock of available resources – A startup needs to utilize all the resources it has, and that’s why the plan needs to have an in-depth outline of the financial resources in use as well as the employees and their expertise. With a better idea of all the resources in hand, starting an online business will be an easier process.

4. The Virtual Storefront: A Process of Development

The steps of how to start an online business are incomplete without the website creation process. With the right website approach, you can easily succeed in increasing business revenue.

What does that perfect business website look like? Let’s follow these steps to create an effective business website.

Choose Your Approach

There are numerous ways of making a website and for a positive outcome, you need to choose the perfect approach. Depending on the business model, initial finances, and end goals, there are two kinds of approaches for the online storefront:

  • Third-party approach – Third-party platforms will connect you with the customers out there. For small online business ideas, Creating an account or site with these platforms will be beneficial because these platforms come with a large array of services as well as a big enough existing consumer base ready to utilize.
  • Creating a new website –  A business-specific website will help you eliminate the third party go-between and connect directly with the buyers. With this approach, you get more control over the business and how it is presented to the consumers out there and the revenue you make. Any of the above-mentioned approaches can be beneficial for easy online business startups. However, to achieve some specific business goals, having a customized website will be more beneficial for you.

Design Can Bring You Maximum Success!

For those who have decided to create their own site, the design is of paramount importance. With a great design, you will be able to engage and interact with the visitors better and encourage them to make a purchase.

The design, however, is not just a matter of aesthetics. A website’s design encompasses all aspects of it, from the visual effects to the content that’s used on the site.

To create a truly amazing design that reflects new online business concepts here are a few matters to consider:

Advertising

  • Keep it responsive – Many markets are simply skipping over the desktop phase and launching the business for mobile users around the world.[1] Considering this popularity of the mobile internet market, the business website has to be responsive. This approach will help you to reach a bigger audience and conduct business on a larger scale.
  • Users want a fast experience – Using high-quality images on the site does improve the visuals, but make sure all those images are compressed. Having a faster website will enhance the user experience on the site. Besides compressing all the media content on the site, you can also utilize an asynchronous loading technique that loads all the contents simultaneously, reducing friction. With a faster site, it will become easier to implement the online business startup ideas into reality.
  • Define the brand – The design stage determines a lot of things for the business website and one of those things is the business image. To make an impact on the world with the business, you have to create a perfect image and for that, a brand guide is necessary. The brand guide is a document that includes all the information and guidelines on various visual elements on the site that makes up the business personality. Based on the kind of image you want to create, all the elements will be outlined in this documentation.

Where the Website Becomes Reality

Since we know how website design helps to launch a successful online business, it is time to move onto development. Online business development is where the idea becomes a reality. And to make this reality perfect, you need to make sure that the development and deployment process goes well.

A high performing site always includes all the right features that enhance the user experience as well as helps you to convert more traffic. And for the best results, ensure the use of only the latest tech stack during development.

Here are some development issues you have to pay attention to while building the business website:

  • The right partner makes all the difference – For small startups who are wondering how to start an online business, finding the right development partner is going to make all the difference. However, before making a decision, there are a few things you should contemplate. The team that you are about to hire should have experience in catering to your industry, as well as an extensive portfolio and good reviews. Additionally, it will be perfect if the agency or freelancer also provides a 360-degree service, from development to maintenance.
  • How to assure the quality of the site? – Testing the site is an integral part of the answer to the question of “how to start an online business?”. An experienced partner will be able to help you the most with this. From security testing to split testing, this stage in development will help in understanding how well the site functions and what needs to change. And once the changes are made and the test results come clean, it will be time to launch the website.

5. Some Tricks to Increase Online Sales

Selling online is not easy, but not hard either. In a physical store, you can use campaigns, go door to door with pamphlets, and such. However, successful online businesses have their own style of campaigns that helps them to sell more without any problems.

So, what are these tricks?

Utilize the Magic of SEO

With an increase in quality traffic, the sales ratio will go up too. And to drive quality traffic on the website, you need to utilize the SEO tricks, and probably hire an SEO expert.

When starting an online business site, ensure all the content on the site is optimized to rank for the right queries by target consumers. With a higher rank on the SERP, the traffic will increase on the site.

Advertising

With the increase in quality traffic, it will become easier for you to convert visitors. The visitor data will help you to adjust the site performance. In brief, utilizing SEO will open the doors to a lot of possibilities for your small online business ideas.[2]

Entice With Free Value

Consumers today have lots of options to choose from. And keeping all that in mind, it will be wise to create a business plan for an online startup that provides free value to the users before asking them to buy something.

Consumers want to buy from someone who knows what they are doing, especially in the case of a curated service or goods provider. And that’s why to turn the profitable online business ideas even more effective, you need to start offering free value on the site, with free products and content.

Having a blog is also another way of displaying your expertise. With specialized content on the industry, you can easily grab the attention of the audience. And once assured of your knowledge on the matter, consumers will feel a lot safer about making a purchase.

A Killer Customer Service Is Everything

Your small online business idea needs a better service option. Using AI-based interactive features to implement better support for the global consumer base will prove to be extremely beneficial. With a 24/7 automated support channel, customers will be satisfied with your business and come back more often.

It’s an Easy Process: All You Have to Do Is to Start

And there it is, the simple five-step process of starting an online business that is bound to succeed. If you look closely, you’ll notice that there are not a lot of differences between creating a physical business and an online one. The main differences are only in the consumer and competitive landscape.

While a physical store faces and caters to local competitors and consumers, the online business has to deal with the same on a global basis. So, focusing well on the global market landscape while crafting the plan will help you succeed.

More Tips on How to Start an Online Business

Featured photo credit: Austin Distel via unsplash.com

Reference

Read Next