6 ways in which people achieve a 7 figure salary

  

Date Posted: 12/4/2012 4:34:14 AM

Posted By: fly1234  Membership Level: Bronze  Total Points: 15

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Are you wondering how some people manage to achieve a 7 figure income? Let’s do it together.

They defy industry norms and cultural norms. No doubt there is pressure left right and center. Society expects all of us to conform to certain standard rules, whether we choose to accept or not. We are living in a society where everyone is supposed to do as others are doing. For example, for a long time in Kenya, people have been pursuing education to get better employment, better salaries and that’s it! How to become a millionaire is all related to how higher you go in the education ladder. The problem with looking around and trying to do what everyone else is doing, is that 90 percent of what you are doing will be struggling. So, why do as them, the best you can do is hope for the same results.


1 7 figure earners are obsessive about breaking industry norms. They always look around for norms in their industry/business and try to break them. The good thing about this is that when you defy a norm, you disturb people within the same industry. Everyone wants to conform and do things just the same way.


2 Understanding how and why money moves and also how people get paid. One thing that stands out among entrepreneurs is the fact that they earn exceptional amount of money, they understand the dynamics and fundamental differences in the reason why money is moving towards them and how they get paid. They say fundamental premise=Money moves from one person to the next, from one place to the other, for it’s own reason. In other words, if you want lots of money, figure out what these reasons are and work on them. 7 figure earners are paid in advance for

their work and services, while normal income earners get paid after delivering their services. A shop attendant is paid after one month of working, people like Donald Trump are paid before the 1st shovel is lifted in his real estate empire.


3 7 figure income earners are obsessed with sales and marketing. If you want to generate this kind of income, spend 50 percent of your time on sales and marketing. They just aren’t good at selling but they have that mindset of selling. They have the right attitude towards selling and so it becomes their absolute priority. They want to be outstanding in this field.


4 Converting waste into cash. Most business owners seek advice from marketing gurus on how to realize increased sales revenue, increase overall sales plus customer base. They always want to discover how to do things in a new way.
For instance, a business owner may want a better advert. They are told that what matters is what happens to the customer once they lay their hands on the product. Sometimes lots of sales go to waste because of returns. They are also not taking advantage of referrals in this case because there is no quality in the service they offer. I believe that if a customer had the best experience at a shop, they would want to come along with a friend the next time they are visiting that particular shop-which converts into referrals. By understanding this and trying to plug the leeks in which they have, the ‘front end’ of the business will take care of itself.


5 Difference between how we get paid and also get paid differently. Business owners are usually focused on growth. They worry about how to increase sales, how to increase profits and how to get more customers that what they are presently getting. While on the other hand, 7 figure salaried individuals focus on expansion, not multiplication. This is the difference between a business owner and an entrepreneur.


6 Ability to handle resistance. You will get to a point when resistance is at it’s peak, which explains why so few people get to earn a 7 figure salary. That pressure comes in many different forms, pressure from people living around us and also from within.

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