So you want to be a billionaire?

Alright listen to this, I got it from a friend on Facebook.

If your boss pay you N30,000 per month, assuming you decided to save all without touching a dime, it will take you 36 months to make N1million.

Did I hear you say 3years!?

Absolutely!

But if on the other hand, if you can convince an organisation like Dangote Group to print and supply 5000 umbrellas to them (to be used as souvenirs) and you make just N200 profit per umbrella, in just one day you must have made N1million.

What about becoming a billionaire?

That’s where it gets really crazy!

OK, now let's increase your pay to N1,000,000 per month and you decide to save all without touching a dime. In a year, you must have saved N12 million.

It will take about 84 years before you can make N1billion(Please subtract your current age).

But on the other hand, let’s say Nigeria has a population of about 200 million people. If you can supply salt to just 12 million, once in a month and you make just N200 from each person supplied, then in one year, you must have made N2.4billion!

This shows that to become rich, you have to stop talking to bosses and start talking to clients.

You have to stop thinking inside the box and even stop thinking outside the box...

Yes...the box is still a limitation...

You have no idea what your mind is capable of, do you!?

This is what you have to do...

SET YOUR MIND FREE AND THINK LIKE THERE IS NO BOX...

The possibilities are endless...

And that, my friend, is how you can become a billionaire!

I will now simply try to explain the whole process to the best of my ability just in case you didn’t get the moral of the story very well.

To become a billionaire, or rather, to become a millionaire because I think that one is simpler, you will need.

A product
Yes, you need a product or products you will have to ‘sell’ to others. It might be a physical product. It might be a non-physical product but the truth is there must be a product to sell.

In the story above, the product was stuff like umbrellas, salt.

A targeted market
Yes, you need to know those who will want your product. Those people are your targeted market. As part of knowing your market very well, it will be also be good if you can factor in the possible number buyers in your market. This will enable you to know when you eventually hit your profit.

In the story above, the targeted market was politicians, political rallies, everybody who uses salt but as you can see, the targeted market was still made up of an estimated number of people.

A price
Of course, you need to fix a fair price for your product. Your price shouldn’t be too costly for those who want to patronize you. At the same time, your price shouldn’t be so cheap that your buyers will start thinking your product is inferior.

Knowing the price of your product will surely help in calculating your profit. It will also serve as the feedback in calculation how well your market received your product.

Once you have all these in place, get ready because you are now ready to become a millionaire.

To read more visit: http://abetteryouth..com.ng/2017/03/how-to-become-a-millionaire-businessman.html