7thLetter

The Theory of Getting Rich Online, in a Nutshell Thread

35 posts in this topic

Take action, create a product/service along with a price and payment method in any niche and market it.

Some Characteristics of Successful People:

  • Persistent
  • Self-Disciplined
  • Passionate
  • Hard-working
  • Patient
  • Open-minded
  • Confidence
  • Risk-taker/Action-taker
  • Resilience
  • Creative
  • Motivated

Habits of Successful People:

  • Meditation
  • Waking up early
  • Working out (Weights/Cardio)
  • Healthy eating
  • Reading books (Personal development related)
  • Constantly learning through different sources
  • Building onto their business day by day
  • Building their skills

Some Useful Skills to Learn and Develop:

  • Digital Marketing (Social Media marketing, SEO, etc.)
  • Sales Techniques
  • Graphic Design
  • Copy writing
  • Finance
  • Coding (HTML, JavaScript, Python, Java, etc.)

Several Ideas on Become Rich Online:

  • Trading Stocks/Forex/Cryptocurrencies/Options
  • Dropshipping (Aliexpress + Shopify or eBay or Amazon for example)
  • Youtube
  • Amazon FBA
  • Live Streamer (Twitch/Youtube, earn from donations)
  • Create a personal brand and sell info courses (like Tai Lopez)
  • Make music
  • Freelancing
  • Become a Social Media Influencer
  • Create a Video Game and sell it (Read the story on how Minecraft started)
  • Flip websites/storefronts on Flippa
  • Affiliate Marketing (Clickbank for example)
  • Create a Startup
  • Create a Smartphone or Computer App
  • Create a website or blog and run ads to it

Those are my ideas for now, please feel free to add anything related that you'd like to, to this thread.

 

 

 

Edited by 7thLetter

"Intellectual growth should commence at birth and cease only at death." - Albert Einstein

 

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15 hours ago, 7thLetter said:
  • Waking up early

Nice list, Thanks. I would just add that theres no relevant data that says waking up early = more productivity. The better goal I would say is going through the whole rest cycle with at least 7+ hours of sleep. Just an FYI, I love waking up early as well-just insure you're getting sufficient rest. 

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19 hours ago, 7thLetter said:

Habits of Successful People:

  • Meditation
  • Waking up early
  • Working out (Weights/Cardio)
  • Healthy eating
  • Reading books (Personal development related)
  • Constantly learning through different sources
  • Building onto their business day by day
  • Building their skills

I'll also add networking with other successful people, often through things like masterminds.

19 hours ago, 7thLetter said:

Some Useful Skills to Learn and Develop:

  • Digital Marketing (Social Media marketing, SEO, etc.)
  • Sales Techniques
  • Graphic Design
  • Copy writing
  • Finance
  • Coding (HTML, JavaScript, Python, Java, etc.)

Don't forget videography and photography, especially if you're young and on the come up. You're living in the age of content, so that's a skill a lot of businesses need. You can even use it as an "in" to network with people more successful than you, or who you want to mentor you.


My name is Austin Kourakin. Life Coach with a passion for personal development.

YouTube channel: https://www.youtube.com/channel/UCeimIF08Jl8OPJ6JVzmYudQ

Instagram: https://www.instagram.com/akourakin/

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Do you think it's possible to start an online business without knowing your passion and life purpose?

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9 hours ago, brugluiz said:

 

Do you think it's possible to start an online business without knowing your passion and life purpose?

 

Absolutely, thats what the majority of companies in America are doing. The only problem is, it may be very shallow and won't reverberate back to you the energy in which you are giving to the world-think of a fully self sustaining vehicle that maintains itself, refuels itself, and drives itself instead of a vehicle in which YOU have to do the work to refuel, maintain, and drive. When you are driven towards something it will be power (the very energy you put out comes back to you) vs. force (The energy you put out is depleting). 

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Good stuff. I am currently selling through Shopify's platform.


"Every culture that's ever existed has operated under the illusion that it understood 95% of reality and that the other 5% would be delivered in the next 18 months, and from Egypt forward they've been running around believing they had a perfect grip on things and yet we look back at every society that preceded us with great smugness at how naive they all were. Well, it never occurs to us, then, that maybe we're whistling in the dark too!" -- Terence McKenna

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@Sven Currently trading Forex a bit but I would like something more passive so I’m currently working on starting to sell on Amazon. Np.

@Equanimitize Honestly that’s one of the points I probably wasn’t going to include but I just did anyway. Although, it is all over the internet saying that this is one of the habits that successful people have.

Not sure what the science behind it is, but of course I would say its more important to get the 7-8hrs of rest. However, I do believe it makes a huge difference when you wake up early with a purpose or a mission in mind that motivates you. So I guess that’s where this idea of waking up early comes from. People who are passionate about their work will wake up excited to work on their project or business with 2x the energy levels.

@aurum That is a good point that I would have added. Especially if you want to sell your own courses online like Tai Lopez you would most likely need some videography skills. The profits there are for sure up to 100% with little to no risk. So honestly selling courses could be one of the best ways to make money on this list.

@brugluiz Short answer: Yes

@John Lula Thanks and that’s awesome!


"Intellectual growth should commence at birth and cease only at death." - Albert Einstein

 

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On 10/17/2018 at 9:33 AM, 7thLetter said:

 

Several Ideas on Become Rich Online:

  • Trading Stocks/Forex/Cryptocurrencies/Options 
  • (trading is always has it's own risk, it is a process of scaling the property that you already own, it can't be like a service offered to people yields a sustainable income,  a service is a process that earns you money from ground 0. You cant grow from 0 . You'd be lucky if that's even a linear growth in your trading,)
  • Dropshipping (Aliexpress + Shopify or eBay or Amazon for example) (Don't like to fuck people in the ass for solely purposes of earning money via selling them crap and marketing it as a gem)
  • Youtube
  • ( Requires Long term investment of your time, then it follows a exponential decaying growth )
  • Amazon (Same as YT)
  • Live Streamer (Twitch/Youtube, earn from donations) (Same as YT, even more steeper)
  • Create a personal brand and sell info courses (like Tai Lopez) 
  • Make music (Hahaha)
  • Freelancing (Slavery, lots of ego's traps to fall into such as self-worth)
  • Become a Social Media Influencer 
  • Create a Video Game and sell it (Read the story on how Minecraft started) (Please... don't... get caught on such dreams and learn programming, go watch porn and fap off)
  • Flip websites/storefronts on Flippa 
  • Affiliate Marketing (Clickbank for example) (Clickbank.. yeah let's screw more people for shitpapers)
  • Create a Startup
  • Create a Smartphone or Computer App ( Please...)
  • Create a website or blog and run ads to it (Let's screw more people)

Those are my ideas for now, please feel free to add anything related that you'd like to, to this thread.

 

 

 

These are my overall beliefs/negative biases on your ideas.
THAT BESIDES TAKE LEO's LP IT REALLY DOES WORTH IT.

Edited by non_nothing

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@non_nothing I get what your saying here but sometimes you have to work for the “devil” in order to transcend him/her and become God. 

High conciousness jobs and ways of earning money don’t grow on trees-at least at our current state of evolution. 

Life purpose is important I agree, but what would you suggest in the interim? I mean don’t you still need to account for Maslows deficiency needs?

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@non_nothing This is just a thread listing a couple things I’ve learned from different sources online and from a couple books. That’s pretty much why its called “The Theory of Getting Rich Online in a Nutshell Thread.” Which is also appropriate for this category in these forums which is “Life Purpose, Career, Entrepreneurship.”

I appreciate you sharing your perspective, now this thread will continue on to help other people who are in a different position in their lives than you are, and are still trying to figure their financial situation out. It doesn’t make any sense to bash these career paths in the way that you did, unless you’re seeking validation for your level of “consciousness.” I’m not sharing life purposes here, they’re just different ideas on making money online. I understand your opinions, but there’s nothing wrong with any of these career paths. Plus if you’re into the model of Spiral Dynamics, getting through stage Orange is probably the most important part of the process of growing and reaching the next levels on the spiral. One can always earn some money from one of these ideas and move on to their life purpose several years down the road. Especially if they might possibly take 10-20 years to solidfy their life purpose and actually make a living off of it.

So let’s quit all the talking, now tell me, what exactly do you do? Did you escape the 9-5 rat race? Do you have your life purpose figured out? If yes, are you earning money from it? How much money are you earning from it? 

Btw I have taken Leo’s LP course 3-4 years ago and I will admit, its not that easy to create something out of it.

 

Edited by 7thLetter

"Intellectual growth should commence at birth and cease only at death." - Albert Einstein

 

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7 hours ago, 7thLetter said:

@non_nothing 

Btw I have taken Leo’s LP course 3-4 years ago and I will admit, its not that easy to create something out of it.

 

I like your greed-ish orange-y approach to this. Much appreciated. Much loved. I hope and believe your work will shine light upon a lot people.

Also I'd add to your list some keywords for individuals to actually get something within your approach. These keywords are: Blackhat, Grayhat, Whitehat. Blackhat forum.


Hail. This thread will continue on to help other people who are in different position in their lives. We can further continue via DM for your questions, if you're really interested for answers drop me a message. Hail.


EDIT: One more keyword: warriorforums

Edited by non_nothing

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@non_nothing Edit: will dm you

Edited by 7thLetter

"Intellectual growth should commence at birth and cease only at death." - Albert Einstein

 

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@7thLetter There are many factors that contribute to the success of certain people. It basically comes down to having an obtaining a high income skill that will make you rich, not only online but in real life as well.

If you are planning to get rich online, you also need to think about what your value is worth and how you look at money in general.

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On 10/17/2018 at 5:48 PM, Equanimitize said:

Nice list, Thanks. I would just add that theres no relevant data that says waking up early = more productivity. The better goal I would say is going through the whole rest cycle with at least 7+ hours of sleep. Just an FYI, I love waking up early as well-just insure you're getting sufficient rest. 

The body does use the lighting around you for your own clock.

So if your area isn't completely shut off from the outside lighting I'd say waking up early so most of your time is spent in daylight would yield more awake and alertness.

I prefer the quietness of night but I do notice waking up early improving my experience being awake.

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@non_nothing Still hating, oh well.


"Intellectual growth should commence at birth and cease only at death." - Albert Einstein

 

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Something I wanted to add for personal reference:

- Live below your means.

This is something that I’m sure is common among many successful people. They tend to be the ones with no lives, sacrificing instant gratification for delayed gratification. They’re indoors learning all day, saving up a huge chunk of their money and putting it into their investments.


"Intellectual growth should commence at birth and cease only at death." - Albert Einstein

 

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On 24.10.2018 at 6:42 PM, non_nothing said:

Dropshipping (Aliexpress + Shopify or eBay or Amazon for example) (Don't like to fuck people in the ass for solely purposes of earning money via selling them crap and marketing it as a gem)

If you want to sell crap that's up to you. There are many dropshipping businesses that actually help people. 

I love my books seller, who can source me any rare spirituality book I want. I also love another ecommerce store that sells healthy products. I would have to travel to city and spend more time and money than by using this shop.

And if you really believe in what you sell, ebikes for example, what is a problem with sourcing parts from Aliexpress and selling them through your store? There is no better producer of hardware than China.

I could throw niches like that on and on.

I find the idea that dropshipping equals selling cheap junk sourced from China very narrow-minded.

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