There are two types of rich people.
The first kind inherited money. The second kind made its own money by following the laws that guarantee financial success. Do you want to know what these laws are?
I learned these laws from an extremely wealthy man who I wrote about in my best-selling books. I will present them in a way that makes them sound like commandments/rules. I’m sure if you follow these commandments, your income will double in just a few months!
So let’s get started!
8 laws for financial success
1. Make decisions faster than others.
In 2001 I decided to start a company. But I was afraid. A few years passed and I was still thinking. Why? I didn’t know how to make decisions.
When I arrived at the pizzeria, I spent 5 minutes deciding which pizza to choose…
Do you think entrepreneurs have time to think about what they are going to eat? Hahaha!!! No!!! Serious business people think faster! They make decisions very quickly, no matter where they are—in a restaurant, during a business meeting.
And you, how quickly do you make decisions?
Answer now: what distinguishes a lazer from an entrepreneur?
You know the answer.
“One SECOND, Alex, if I make decisions too quickly I make a lot of mistakes!!!” a reader will say, with whom I agree. It is true that if you make ten decisions in one day, you will face serious problems, but they will help you gain more experience and advantages over your competitors. The more problems you solve, the more you know about business! Not everyone will understand what I’m about to say, but the amount of problems you solve is proportional to your financial success.
2. Make sure your money is in your account EVERY DAY!
Remember the cardinal law of financial success: a business is nothing more than a customer’s money going to your bank.
To get more money into your account, you need someone who can send it to your account. The more often someone sends money, the more you earn.
This means that every morning, as soon as you turn on your 📲 or your computer, you should do the following:
a) contact customers and offer a service (or have your staff do this);
b) send another sales email to customers with a link to the product (your offer should be so fantastic that it is impossible to refuse);
c) make sure that all invoices you sent a week ago or yesterday are paid as soon as possible.
The above tasks should be done in the morning and at least 15 minutes should be set aside for them. Why in the morning? Because people open their email in the morning. So check the sales first and then provide the service or… Understand that the money must ‘flow’ into your account every day. If you take breaks, your business will be stuck in snot. In other words: cash flow is king!
| “Cash flow is king” also refers to the ability of a company or business to have sufficient cash on hand to cover short-term operations, purchase assets such as equipment and machinery, or acquire other facilities. More and more companies are going bankrupt due to a lack of cash flow then a lack of gain. |
“But I have nothing to sell!!!” someone will complain. I have an answer: sell other people’s products or services. Don’t pick what you like, ask people you know if they need salespeople and start selling.
And if you have an idea, first raise the money and then develop the project. Act like Elon Musk, who first got money for electric cars and then started developing them!!! All I ask is that you don’t cheat people, always keep your promises and provide your service with love so that customers come back! Remind yourself of this sentence every morning:
You will never make the money you could have made this morning!
3. Invest at least 50% of the time you spend on your business in sales (and marketing).
There are people who come into the office and spend more than 80% of their time on product development and other creative work. They do not realize that a company’s profits only grow when sales are made. In other words, more than 50% of the time should be spent on sales.
Don’t forget the roles of the staff. Think of the movie ‘The Wolf of Wall Street’. More than 90% of the company’s employees were salespeople.
I understand that you are not Jordan Belfort and that your company is not registered on Wall Street, but a serious business cannot grow without salespeople. That’s the basic rule of doing business, whatever your company is about. To understand me, watch the movie “Blackberry.” The movie “Blackberry” is an excellent illustration of the processes that increase profits and what happens when a company consists only of creatives.
In other words, the more salespeople you have in your company (I’m talking about good salespeople, not imposters; that’s why it’s important to learn how to tell the difference between pseudo-salespeople and those who actually sell), the more money you will make. That is, if you plan on paying Social Security, it would be a good idea to have more than 80% of your employees as salespeople.
“But I don’t have money for staff!” you’re going to say. No problem! Find a business partner who is willing to work for free (let him take a share of the share), but remember one important detail: your partner must be a good salesman and marketer. Because in business you need marketing and sales! Do you hear me? Business needs more sales because we are talking about business and not about brats.
4. Make business processes your hobby or entertainment.
Who do you think will earn more: someone who watches TV series as a hobby or someone who is interested in business processes in their spare time?
Where is your answer?
It’s about what activities you do outside office hours. Some people are entertained by watching porn, while others are entertained by investing in projects that will give them the best possible monetary return. So ask yourself which entertainment will make you more money and do it!
And damn, have fun, man!!!
Remember: the wallets of those who do not like to spend their free time earning money are whistling! (I’m talking about serious processes, not about spending time on casino portals. Never have fun at gambling points!)
5. Visit business clubs more often!
Do you think YOU would be more successful if you attended at least 2 entrepreneurial events EVERY DAY? Where is your answer, dear reader?
Since you are not a stupid person, you know the answer. That is why Alex Monaco regularly visits events where business people meet. Because:
a) businessmen pay more than passers-by in the “bazaar”;
b) businessmen buy more often and more easily;
c) in the business club you will meet new friends with whom it is easier to achieve commercial goals.
Speaking of clubs…
Did you know that I founded the Monaco club? This club is for those who want to improve their quality of life and spend time with successful and ambitious people on the French Riviera in Monaco. Please contact me for more information.
6. Make offers (sales) more often.
“STOP! But I am already a member of a business club, but my income is still low!” someone will complain. This is because you are NOT making new acquaintances, that is, you are NOT OFFERING ANYTHING.
Although you tell people what you do, you do not offer to buy goods and services.
And I offer. I offer every day. I offer in the morning, during lunch and in the evening.
So remember this word: ‘offer’.
The better the offer, the more you offer and the more often you attend business events…
You know what I mean?
Sometimes I offer marketing advice. Sometimes I offer to buy books. I offer SEO services. And I offer to pay. Not tomorrow, but today.
The last time I was at the business club (today) I received two serious assignments. Why? Because I made a serious offer that cannot be refused. So act like Alex Monaco. Make businessmen offers that can’t be refused and you’ll increase sales.
I’ll give you an example. Please make the following offer: “You seem like a serious person, so I decided to offer you a gift and a huge discount. I’m about to give you an exclusive discount code that will give you 75% off your first service. You can pay here (share link to the product).”
“But I’ve tried many times to offer discounts, but it doesn’t work!” a reader will say.
No problem!
I have another idea.
If the person you meet at the business club does not purchase your services, offer him services offered by people in your area or by a company with which you already have a contract. In this case, you make money by reselling services. Because it’s easier to sell someone else’s services. I’ve tried this strategy and it always works. By selling the services of others, you learn to sell your own services. Win win situation.
7. Solve rich people’s problems!
“You’re a fool, Alex, the rich don’t have problems!” one reader will exclaim. I must say these words to him: “Man, the rich cry too. They always need something!”
Some want to show themselves—who are looking for a larger yacht. Others are looking for a nice house with a view of Prince Albert II’s castle or want to earn an extra 10 million and are therefore looking for a place to invest their money. I mentioned a few wishes, but we don’t know everything, so if you meet a rich person, ask him this question: “What is the biggest problem you have that you want to solve as quickly as possible?”
Remember: those who solve rich people’s problems will always earn more.
PS I’m not saying you should ONLY work for the rich, but ask yourself: what’s the point of only working with those who have less $?
8. Act like Elon Musk! Use organic marketing.
Even though Elon Musk is one of the richest men in the world, he has never paid for advertising. His companies (Tesla and others) have managed to acquire customers without buying Meta or other paid advertising. How did he do it?
He used the best organic marketing techniques!
Use organic marketing to become more successful than your competitors.
Oh yeah, make your competitors pay for advertising at a perpetual price for years while you learn the basics of organic marketing. To understand, if you learn to advertise for free, you keep all the money OTHERS would spend on paid advertising.
That is, the fewer costs required for EFFECTIVE self-promotion, the fewer costs you incur and the more money you leave in your bank.
How do you learn to advertise for free? I will help you. A book entitled ‘Organic Marketing Basics’ will soon be published.
The end.
Thank you for being here, my dear reader.
