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There was a study out a few years ago that said 80% of millionaires are self-made. That is, they didn\u2019t inherit their millions, and they didn\u2019t win the lottery. They literally started out wanting to be a millionaire\u2014like everybody else\u2014and found a way to earn<\/em> their millions.<\/p>\n Ten percent of self-made millionaires are people who work for<\/em> self-made millionaires. They join a company like Apple when it\u2019s small and grow financially and professionally with the company. Only about 8-9% of millionaires are professionals like doctors, lawyers, architects, engineers, athletes, entertainers and such. Inheritors represent about another 1 percent. These are ballpark figures.<\/p>\n For a vast majority of millionaires, the one skill they had in common that made them millionaires was simple: the ability to sell something at a higher price than it costs them to produce.<\/strong><\/p>\n For you, the purpose of a millionaire-making enterprise is to create customers in a cost-efficient way. Your job is to innovate what you\u2019re selling and market it. Those are the only two things that create customers: to find newer, better, faster, cheaper ways to help people achieve their goals or get what they want, and to let as many people know about it as possible.<\/p>\n The measure of the success of a business is customer satisfaction<\/strong>. If your customers are pleased, you\u2019ll know because you\u2019ll still be in business. When you realize, \u201cIt\u2019s not about me, it\u2019s about the customer,\u201d you become focused on that, not “How can I rip them off, how can I get the money and run, how can I get them to buy once and never buy again.”<\/p>\n Once you have learned how to build a successful business by improving customer satisfaction, you can use the same principles to build business after business after business. That\u2019s how millionaires stay<\/em> millionaires.<\/p>\n Yet, here\u2019s another sobering fact: a vast majority of businesses go broke in the first three to five years. Businesses started by people with no experience go broke more often than not. Businesses started by people with experience succeed 90% of the time or more.<\/p>\nCreating Customers in a Cost-Efficient Way<\/h3>\n
Learn Valuable Business Skills Like Customer Satisfaction<\/h3>\n