How To Build Wealth Online: Principles To Build A Fortune

How To Build Wealth Online: Principles To Build A Fortune

I believe that creating wealth is something that everyone can do and should strive to do. Money is dominating the world. And although it isn't the strongest power in the world, it is certainly something we all need to survive. Money helps us to live in a safe home and neighborhood, it pays for our food and makes sure our children get a good education.

The problem is, many people don't feel the need to build larger wealth. Many of us aren't willing to sacrifice their "free time" to try and build something that generates wealth. Something that can be called an asset, like a strong stock portfolio or real-estate portfolio. And I understand it, I sometimes too get tired of trying. I have been trying for a really long time, but I'm not rich yet, still I don't want to give up.

And to be clear, I'm not talking about exchanging labor for money. Because that is something generally everybody can do. No, I'm talking about building large amounts of wealth, in the form of assets. Something that most people wouldn't believe is possible they can do.

Mindset

And yes, I do believe this has to do with mindset, most of the tome our mindset comes from our past education. From the moment we could talk and speak, we have been educated by our family, teachers, television or the internet. But is our mindset and our way of thinking really the right? Why some people become rich an other dont? Did you never wonder?

What would a rich person teach his children, would this be different than our parents teach us? Different from what we learn at school? I believe it would absolutely be different, yes.

For example, lets say, a poor person becomes rich, he discovers how and he would go on teaching his children how to generate wealth. You think the education his children get is different from yours and your children? I bet it is. Instead of pursuing an occupation like gardening or becoming an engineer, his children will learn how to become rich. I would gladly trade my own education for that.

If you want to learn more about the mindset of the rich, I suggest your either study them or read this book: Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Eker. 

Energy is stored in money

I'm not saying that anything is wrong with labor work. I still think that working a job or as a freelancer is a good way to make money. Exchanging your time and energy is very limited though, and isn't the “Smartest” way to make money. Because the rich know that money can make more money, that is because time and energy is stored in money. Just think about it, if you pay somebody to do something, let's say painting the walls in your living room. Then essentially, you exchange your money for this person's time and energy. 

Therefore, building a business with employees, and investing your money in stock are ways to make money work for you.


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Learn what you never learned before

It's this kind of education that most of us never got. Most of us stop learning about money after we learned that the only way to get money is by getting a job, and working from 9 to 5. But how many of us use the money we earn to invest in assets? I know, more and more people are investing, but at which age did you realize investing is important? Don't you wish somebody would have told you when you were younger? I sure do.

I have read a lot of books, listened to a lot of rich and successful people, and one principle that I came across multiple times is this.

You have to create something of high value to others, ideally something that solves a problem, the bigger the problem the better. Then sell that solution/value to a large group (quantity) of people.

Here are a few online assets that all of us can start building today:


YouTube channel

Just look at PewDiePie, he has one of the largest channels on the platform. And he makes millions per year. Do you have to become this big? Not necessarily, but if you can find a way to build a large audience, you too would see much more money coming in.

The key here is to do something that people feel worthy watching or listen to, but also something that you enjoy doing. Be consistent in uploading content, always focus on quality and figure out what works and what doesn't.

I have seen it many times, for example. There was this YouTuber, she started a few years ago, posting yoga videos. They got some views, but never really much. Then after posting one video about reacting to a movie, she got popular over night, now she got nearly 300k followers, still growing.


Also Read: How To Make Money With My Website in 2022

Instagram account

Instagram, and social media in general for that matter is similar. You want to build a following that is interested in what you do. On Instagram you post short form content, short videos or photos. They have to attract the eyes of the viewer and make them want to click. If they do not, your content won't get any engagement.

Why engagement is important? Because all social media use algorithms, Ai if you will, to decide what will be on top of your followers feeds. Your followers might follow hundreds of other accounts. How are you going to compete with them? Only if you know how to attract views and post content that engagement.

Twitter

Twitter is a very popular short form content social media. It's very similar to Instagram, although it is more or less a micro blogging platform. Where you post short texts, links or photos. The lifespan of a tweet is very short. So figuring out what gets high percentages of engagement and what doesn't is very important.

Luckily, websites like YouTube, Instagram and Twitter all have analytics features. You have to get familiar with these because they can help you figure out what works and what doesn't.

Blog

A website or blog hosted on your own domain is always something I recommend you have. Yes, you have to pay a little, but you own the website, and you control every little bit of it. Even today, blogs still generate money. Thus can be a lucrative form of income. In the beginning it can be hard to get traffic to your blog, so you have to learn SEO and digital marketing to promote your blog.

You should mainly focus on problem solving content, like How-to articles, and over time you can build a website that gets thousands if not hundreds of thousands of visitors per month. And again. Large numbers do count.

If you are interested in your own hosting, I recommend you use Blue Hosting. I personally use it, and I couldn't be more happy. And you can have your own blog with just $3,95 p/m! 

Related: 6 Ways To Help Increase Your Blogging Revenue

Email list

This goes hand in hand with your blog or website. Building your own email list is crucial. You can use it to send direct messages to large numbers of people. And this helps you earn more money. The larger the list, the more money you generally can make.

Being able to reach a large targeted audience in a short period makes the above examples very interesting for investors and advertisers.

And if you want to take it a step further, you could even think about creating an app or platform that is similar to Facebook, Apple or Microsoft. Take Mark Cuban for example, he is looking for a new app that has the ability to attract billions of people in combination with web3 technology, like crypto and NFTs. And he is not alone, thousands of investors are looking for new platforms to invest.

You can use Sendinblue to start building your own list, they have an easy to use form builder, and you can send 300 emails per day for free. I use it for my own blog, and I really like it, they don't limit you as much as others do.

Related: How To Create a Email List From Nothing (Beginner's Guide)

Give and receive.

Before we end this article, there is an important factor not to forget, although I mentioned it multiple times, it's the fact that earning money is all about giving and receiving. You can't receive money if there is nobody to give you money. So there always have to be at least 2 people in order to give and receive.

The problem with trying to make money online is that we often don't see the people. It sometimes feels like we are talking to ourselves. But we always have to remind ourselves that behind every penny that you receive there is a person, just like you. Give him a good reason why he should give you his hard earned money and he will. Give him a good reason not to, and you won't get any.


Good luck.


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Ron Hoekstra is the founder of The Liberty OnDemand. With his many years of experience in the field of graphic design and self taught knowledge about business, digital marketing and leveraging wealth. He can give you valuable insights and content to help you grow and become more successful!


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