avatarLord Augustin Vallee

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he business. It is an entirely free process, but a huge part of the money you are going to make is going back into Facebook ads.</p><p id="bec8">Don’t underestimate the time needed to make something out of it. And even though you might make some money, for how long is it going to last ? This is not a proper business so to speak. You don’t have a solid brand attached to your name, so if you need to change niche, you will have to start all over again. And most importantly, that is not a passion to sell other peoples products, you don’t own anything and are entirely dependant on other people work and effort.</p><p id="3a0b">Most of the time this is a shitty product that is really cheap and that is sold for at least 5 times the real price. I personally have an ethical problem with that. For me this is a legal scam with a little return for the costumer. It is basically a really selfish business where the only goal is making money fast no matter what. There is no depth, personality or value to this type of business.</p><h2 id="53f5">Stock market</h2><p id="e7e3">Let me be clear right away. There is no way on earth you can get rich fast with almost no money with the stock market. Ok, there are plateformes that let us use leverage (with 5x leverage invest 100 from your pocket, the platform gives the equivalent of 500 worth of shares) but this is super dangerous, you might win more but can also lose it all in a blink of an eye. Trust me on that a few years back I lost 500$ with that and it was a pretty big deal for me at the time.</p><p id="9d6b">Without training, experience and a proper understanding of trading you will never make money. You are actually going to lose it all and I am 100% sure of that. People that made it with this type of business are super consistent, they know what they are doing and they have a bulletproof set of rules. In this field emotions are not welcome at all, the thrill of the gain doesn’t have its place at all. This shouldn’t at all get used like gambling.</p><p id="d00e">So again this is not an easy way to make money quick. There is a lot of work and time to invest before making any money at all. And even though it is pretty good for the economy to invest in companies and to trade forex … It is not the first business you should aim for. The less you invest, the longer it takes or the more risks you need to take. It is not the most valuable thing you could put your effort towards.</p><p id="57f4">Come back to the stock with enough money to really invest and make a significant amount without taking too many risks. The best thing you could do for yourself is putting a lot without leverage, on the long term. This way the economy can take a hit and you won’t lose it al

Options

l in a day. It already happens, it will happen again and nobody knows when exactly. Trading is a real work that takes a lot of discipline so definitely not the best with a beginner’s mindset.</p><h2 id="39fd">Business ideas</h2><p id="0e33">A business should be something that you are passionate, something in which you could spend hours upon hours working on it. It should give value to the world. You need to build your brand, you need to build your name. Do something that is in line with your ethic and believes. Make something that you will be proud of for the rest of your life even if it fails.</p><p id="4aea">I am going to give you something that could be infinitely valuable for you. I am going to give business ideas. I have a list full of those and can’t do them all, nobody can. But read the article I made on <a href="https://medium.com/illumination/find-your-ikiga%C3%AF-4968c2be7ad6">Ikigaï</a>, it can give you the information needed to find your true passion.</p><ul><li><b>Stuff sharing</b> : Like Airbnb, Turo and other app where you can rent your house or car make one to share objects that you don’t use much and that are expensive like a lawn mower.</li><li><b>Tissue packaging</b> : Find a new packaging for tissues. We all use a lot of them and the majority is sold in small plastic bags. Make something that is eco-friendly and that can be composted.</li><li><b>Space cleaning</b> : This is the trillion dollar idea. It is more and more difficult to shoot rockets because of all the wastes that are floating around the earth. Find a solution and you will have NASA, SpaceX, ESA … at your feet.</li><li><b>Education website </b>: There is a website for hacking named <a href="https://www.root-me.org/">Root Me</a> with activities that earns points to level up. You can put your level on your resume and it acts like a proof of your expertise and best of all it is free. So expand this idea for other fields.</li></ul><p id="f20b">What do all those ideas have in common ? They give value to the consumer, or are a little step toward a better future. A business should be something that you are passionate about and that is useful not only to humans but also for every living organism. It is a long term solution and always should be.</p><p id="aa03">With the rise of the internet a lot of new opportunities are born. As great as it can be, some of them are not a path we should keep using. We are at a point in life and in human history where we can’t only focus on ourselves and getting as rich as possible. We should all work together towards a better future where a business is a value that can be used by others to build upon it. This is where we should focus our passion and motivation.</p></article></body>

The Mirage of Get Rich Quick Businesses

This is something that you obviously have seen once in your life. The fast business methods. Here is another point of view on this type of things.

Photo by Scott Graham on Unsplash

This article is not a roadmap of all the things you need to do in order to be a millionaire in less than a year. The simple reason is that, even though it can work, I don’t believe in it. There are already thousands of videos, articles, websites that are supposed to give you everything you need in order to get rich fast. I am going to tell you why I don’t agree with this type of things and why I think you shouldn’t do it.

First of all a lot of those get rich quick things are a complete scam. They are going to get you to a website where you are going to give your personal information for nothing in return. The information you gave are going to be sold, they will make so much money on your back and you will end up with a mailbox full of spam and no money earned from it. This is the type of things you absolutely need to avoid, never give your personal information to something that is not 100% trusted.

Then there are the YouTube gurus that are making so many videos on things like dropshiping and the stock market. Honestly, some of them are good and actually give valuable information that could be useful if you want to start in this type of business. I have watched a lot of them and tried it out by myself. Here is what I learned from it and my takeaway.

Dropshipping

We all have eared of this new type of business where we can start for free and make millions of $$$ in less than a year. There is some truth to that. No money is needed to start a dropshiping business, you have to go on AliExpress, find some products, link them to your Shopify account and boom you are all set. Shopify gives a 14 day free trial so no money is needed to start not even 1cent.

It sounds like the dream and it kind of is. A lot of people have shown that it can work, but what they don’t say is that it is still a long and hard process that needs a lot of work. You need to find a good niche, with the right products and make killer ad campaigns. The people that are the most successful in this field are great marketers and they are putting a lot of their profit back into the business. It is an entirely free process, but a huge part of the money you are going to make is going back into Facebook ads.

Don’t underestimate the time needed to make something out of it. And even though you might make some money, for how long is it going to last ? This is not a proper business so to speak. You don’t have a solid brand attached to your name, so if you need to change niche, you will have to start all over again. And most importantly, that is not a passion to sell other peoples products, you don’t own anything and are entirely dependant on other people work and effort.

Most of the time this is a shitty product that is really cheap and that is sold for at least 5 times the real price. I personally have an ethical problem with that. For me this is a legal scam with a little return for the costumer. It is basically a really selfish business where the only goal is making money fast no matter what. There is no depth, personality or value to this type of business.

Stock market

Let me be clear right away. There is no way on earth you can get rich fast with almost no money with the stock market. Ok, there are plateformes that let us use leverage (with 5x leverage invest 100$ from your pocket, the platform gives the equivalent of 500$ worth of shares) but this is super dangerous, you might win more but can also lose it all in a blink of an eye. Trust me on that a few years back I lost 500$ with that and it was a pretty big deal for me at the time.

Without training, experience and a proper understanding of trading you will never make money. You are actually going to lose it all and I am 100% sure of that. People that made it with this type of business are super consistent, they know what they are doing and they have a bulletproof set of rules. In this field emotions are not welcome at all, the thrill of the gain doesn’t have its place at all. This shouldn’t at all get used like gambling.

So again this is not an easy way to make money quick. There is a lot of work and time to invest before making any money at all. And even though it is pretty good for the economy to invest in companies and to trade forex … It is not the first business you should aim for. The less you invest, the longer it takes or the more risks you need to take. It is not the most valuable thing you could put your effort towards.

Come back to the stock with enough money to really invest and make a significant amount without taking too many risks. The best thing you could do for yourself is putting a lot without leverage, on the long term. This way the economy can take a hit and you won’t lose it all in a day. It already happens, it will happen again and nobody knows when exactly. Trading is a real work that takes a lot of discipline so definitely not the best with a beginner’s mindset.

Business ideas

A business should be something that you are passionate, something in which you could spend hours upon hours working on it. It should give value to the world. You need to build your brand, you need to build your name. Do something that is in line with your ethic and believes. Make something that you will be proud of for the rest of your life even if it fails.

I am going to give you something that could be infinitely valuable for you. I am going to give business ideas. I have a list full of those and can’t do them all, nobody can. But read the article I made on Ikigaï, it can give you the information needed to find your true passion.

  • Stuff sharing : Like Airbnb, Turo and other app where you can rent your house or car make one to share objects that you don’t use much and that are expensive like a lawn mower.
  • Tissue packaging : Find a new packaging for tissues. We all use a lot of them and the majority is sold in small plastic bags. Make something that is eco-friendly and that can be composted.
  • Space cleaning : This is the trillion dollar idea. It is more and more difficult to shoot rockets because of all the wastes that are floating around the earth. Find a solution and you will have NASA, SpaceX, ESA … at your feet.
  • Education website : There is a website for hacking named Root Me with activities that earns points to level up. You can put your level on your resume and it acts like a proof of your expertise and best of all it is free. So expand this idea for other fields.

What do all those ideas have in common ? They give value to the consumer, or are a little step toward a better future. A business should be something that you are passionate about and that is useful not only to humans but also for every living organism. It is a long term solution and always should be.

With the rise of the internet a lot of new opportunities are born. As great as it can be, some of them are not a path we should keep using. We are at a point in life and in human history where we can’t only focus on ourselves and getting as rich as possible. We should all work together towards a better future where a business is a value that can be used by others to build upon it. This is where we should focus our passion and motivation.

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