11 signs that you could become an online millionaire

11 signs that you could become an online millionaire

When it comes to being an online millionaire, there are the obvious few you think of like Zuckerberg and the guys who founded Google. But did you know that there are some signs that you could be a millionaire in the making? There are 11 that are a common trend and I'd have to say that if you have these, or mold yourself to think this way, you're well on your way to becoming wealthy through online profits

I myself am not a millionaire, but I can relate to a lot of these 11 signs. Below I'll go over each one individually so you can get a better idea of what they're all about

11 signs that you could become
an online millionaire

1. You have more than one income stream We all know that having an income stream is great, but having multiple income streams is even better I know that I have around 20 websites up and running, but not all of them are generating cash flow. Most of them in fact are just taking up space and I should probably cancel their hosting accounts lol. I do have a couple things going that bring me in some passive income as well as online sales through other ventures. I'm by no means a millionaire, I actually would be impressed with myself if I can break 100k in a year by working 12+ hours a day lol.
   
   Setting up multiple income streams is where it's at. A lot of people, myself included, focus on setting up passive income streams in order to profit without having to focus on them too often. If you're starting out I would highly recommended you focus on making sales and not getting into passive income streams just yet. Focus on that later when you have money in the bank
   
   
2. You see your profits as a future investment Whenever you see money rolling in you tend to think "Hey, I can now get this ad spot and increase my traffic to make more money" or "I can purchase this software to automate this task in order to free up some time so I can focus my attention somewhere else". Thinking about investing your profits so that you can profit more down the road is a key sign that you're well on your way to being profitable online
   
   Plenty of times I've seen people go out and buy cars or put a down payment on a house with their initial profits. In my head I'm thinking "They could have reinvested that money and just paid for the entire house if they knew what they were doing. Now they have to make payments and they're not guaranteed to keep the money flowing". Also one of my biggest fears, buying a house and them the money dries up and I can't afford it lol.
   
   
3. You surround yourself with successful people This isn't all that unfamiliar actually. Most of the time when someone becomes successful they aren't hanging out with burn outs or people in gangs. They're surrounding themselves with other successful people which is always beneficial in the end.
   
   Surrounding yourself with successful people is the same as networking. The difference with this is that your friends are more willing to help you out without you paying them lol If your friends are successful, they will want to see you succeed and they will do whatever they can to help out.
   
   
4. You make decisions Being indecisive is never a good thing when being a business owner. If you can make clear decisions without much thinking, then you're on your way to being a fortune 500 CEO (hopefully). This is one characteristic I have that many people love. Whenever there are a group of us hanging out and we want to get some food, there are always 960 different ideas on where to go lol. I'll assess the room and figure out the best place to go that would please everyone, and usually it works Now this is just a basic idea of what being decisive is, but it's what I do at least once a week with friends lol.
   
   But in general, being decisive means you know what you want and you're going to do it. Plain and simple
   
   
5. You are open minded Finding someone that is open minded is actually harder than you think. I like to think I'm open minded, but at some points during the week I just think "Man, that's a dumb idea!" but it turns out to be a good one lol.
   
   Being open minded will let you see something from another persons perspective. You don't always have the best idea in the room, so take suggestions and feedback on something and you'll usually come out with a better outcome in the end.
   
   
6. You have set goals Setting goals for yourself and your business is not new thing. Sticking to these goals is another thing entirely and if you can set and stick then you're going to be successful. stick to your deadlines in order to achieve your goals and you should see the profits start to roll in
   
   
7. You never stop When someone asks you how much have you worked this week, do you give them an exact answer? I usually can't assess how often I work because it seems like I never stop lol. Normally I'll just tell people I work 40 hours a week because that's a boiler plate answer that they hear all the time from their friends, so it's acceptable. If I answer "Hmmm, maybe 60 to 70 hours a week?" then they'll think I'm telling lies, but in reality I do work that much You always have to be grinding in order to be successful. You shouldn't pay attention to those "success stories" where people come out of nowhere and are instant millionaires. These people were likely sitting in their basement coding all hours of the night but it didn't seem like work to them because they liked it. It was more of a hobby that turned into millions of dollars
   
   
8. You talk about what you want to do, not what you want to buy This is a clear sign that you're going to be wealthy. If you're talking about what you want to do with your company with your close friends and family rather than what you want to buy when you're rich, you're on the right path. Mentally you need to think of your businesses money as something which is not yours. I try to do this with every penny that comes into my company so that I don't get the idea I can afford a Bentley lol
   
   People will ask me how much I make and I always say "Enough to pay my bills, put food on the table and go on a vacation once a year" and that's 100% true. I won't pay myself more than I need because I can reinvest that money into pushing my company to higher profits in the long run
   
   
9. You like reading books Now this I don't really connect with because I don't read books too often. I do however read through forums and blogs every day because it's work related. Reading books (hard cover, soft cover or on the kindle/ipad) is usually a sign of higher intelligence because you're taking yourself away from the grind to take a break and mentally get away. It's like a reset button and you can get back into things at a better pace when you do start up again
   
   
10. You don't mind taking risks as long as they're calculated Calculated risks are what make the internet a great place to make millions of dollars each year. I will never take a risk with my money if I don't sit down and crunch numbers before hand. Just throwing yourself at every opportunity online will make you go broke in a very short amount of time, so try not to do that.
    
    
11. You see a bigger picture The bigger picture would be you having a successful company, not being a millionaire. If you are chasing the dream of being an online millionaire then you're likely not going to achieve it. You need to follow everything I covered above and focus on you, your people and your business and in time you will notice your profits are starting to increase

Well, these were the top 11 points I could find and think of on my own that would predict if you're on your way to being an online millionaire in time. I'm sure a lot of you will relate to at least a few of these points, and I hope you comment below letting me know what points those are



In Conclusion:
You can never start working online with the idea of being a millionaire. Start off thinking "I want to make some extra money" and in time you could get to the point where you're selling your hobby website for $1,000,000 Take small steps, not giant leaps, because that's more calculated and if you read what I talked about above this, you know that calculations are a big thing when it comes to being profitable



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Thanks!

Razzy