When we look at some of the richest people in the world, its really even difficult to
imagine how life would be if we had that kind of wealth. With 80 billion dollar of net worth,
you can even buy an entire country. But because people don't usually make more than the average
wage - perhaps thats why its called average wage - its really difficult to understand
how those people make that kind of money. With your current salary, I guess you might
need to live for thousands of years to reach that level of wealth.
And because of that ignorance about how exactly these people build up their wealth, we came
up with our own theories such as, they have cheated a lot of poor people to make that
money or they are simply lucky or its how the system
works, it keeps making them rich - these are just theories we came up to make ourselves
feel better since its really difficult to believe that a human being like me has achieved
a billion times more than me in the same period of time, thats like a knockout on your self
esteem, it makes you feel miserable.
But the truth is far away from that, its not exactly what we usually imagine. And thats
exactly what we will find out in this video, How exactly rich people make so much money!
We all have these ideas about how the world should be but the problem is that, the universe
doesn’t really gives a damn about it, it just works they way it is and it will continue
whether you like that or not so the best option you are left with is to accept it and take
advantage out it. Helping people, protecting your country or
teaching might be a noble thing to do, but what makes someone rich is knowing how to
sell, even if its not as noble as protecting your nation!
you see there are different strategies to sell like being famous, solving problems or
simply playing video games, so we came to believe that they are completely different
ways to make money but the concept at the end of the day comes back to the same thing
- which is selling.
An athlete isn’t making a lot of money because he is good at throwing the ball, every other
athlete is good at that as well, but what differentiates him from the rest is that he
knows how to sell tickets to the games he plays, t-shirts, hats, shoes, ads, you name
it. The concept is the same. it might not be directly telling people to
buy his products but rather building a personality or a character that people want to be part
of, thats just another strategy to sell.
You are not making money based on how long you work or how much effort you put, what
matters at the end of the day is how much you can sell, and there are simply no limits
to how much money you can make. Its really difficult to accept that when you
have been paid based on the numbers of hours you work for years.
Take an example of this video, possibilities to sell are many, I don’t have to trick
you or mislead you, all I need to do is to give you what you want at a price you are
willing to pay. Thats pretty much about it. Since you are watching this video, you are
most likely interested in the subject of money, investment and selling. So if I offer you
a good service or a good product, some of you will probably buy it, lets say just 1
out of a hundred, so if this video reaches 10 thousand views, thats already a thousand
bucks if the margin is 10 bucks. And if you do not, then you still get this
short animated entertaining video that doesn’t cost you anything. Perhaps thats why you watch
this channel. Its the same process that happens in the traditionally
business. You open up a store, thousands of people visit to try your clothes and only
a small fraction buys something. But with the rise of internet and social media,
everyone has an access to the world, you don't need to spend millions to open stores around
the world, but only few pennies to access internet.
In fact you don't need to open up a store at all because internet has given us unbelievable
opportunities. The biggest taxi company doesn’t even owns
any vehicle, the largest retailer has no products of its own, The world's most popular media
company, creates no content. And the world's largest accommodation provider, owns no property.
The point is simply, your ability to sell determines how much money you make and thats
what you should be focusing on if your goal is to make a lot of money.
I have an entire video on how to sell which you can find in the description
and now its your turn, How do you think rich people have earned their billions, let me
know what i have missed in this video! And as always, if you have enjoyed this video,
make sure you hit that like button, and if you want to see more similar videos, then
hit that subscribe button, thanks for watching and I will see you in
the next one!