Another alternative way of making huge amount of money as a young man is to get ideas from elsewhere. Don’t worry you won’t literally be doing anything. In business, appropriating someone else’ idea is usually called “best practice sharing” or “benchmarking”, business people do this all the time, copying the best of what someone else does, but trying to make it better.
Hmmm, one way to actually take an idea without anyone noticing is to look abroad for inspiration, I mean you look into another country for an income earning opportunity that is not present in yours and then replicate it. Find an idea that has worked in another country and transfer it home. Entrepreneurs set up the coffee Republic chain in the UK after having seen market coffee shops in New York City, and the Chinese e-commerce company Alibaba took their idea from eBay USA in setting up their own auction site Taobao. Another thought is that there could be an opportunity to export a product or service from home to some country elsewhere.
Entrepreneurs can jump on ideas that big companies can’t or won’t respond to. Maybe a big company feels an idea is too risky or would require too much upheaval and change to respond to, or a big company might still be plenty large enough for you. Look at the ideas the big businesses in your sector rejected or failed at and see if you can do it in your niche on a smaller scale.
Well it does not matter if you don’t know anything about organic baby food or clothing design for Muslim women, you can learn or find someone who does as long as you can come up with a concept that you get excited about, that’s good enough for now.
Let me say real daily, weekly, or monthly income can be found in you learning to investigate new markets, niches and opportunities and then taking advantage of them. Find a new market, niche or opportunity and you have just found another new potential stream of income with the potential to make you a millionaire. Research, exposure, seminars, reading, travelling, are great tools to use in searching for new markets, niche or opportunities that one can begin with and greatly earn unlimited income.