Many of us have fantasies of becoming a millionaire by way of Instagram. Why can’t we be like the Rich Kids of Instagram or Instagram guru Liz Eswein – who was able to start her own social media management firm following the success of her account?
Of the hundreds of millions of Instagram users, it can’t be that hard to match your income to your lavish-lifestyle instaphotos look, right?
Turns out, figuring out the minefield that is social media and determining how to make your account a gold mine isn’t as easy as it sounds.
Luckily, Dorry Levine, a digital-media strategist from ReThink Media and Nick (who tells us he prefers not to disclose his last name), creator of the popular @MillionaireLifestyle Instagram account, provides a few tips to grow your account into a money maker.
Look and act the part
It starts with the million-dollar photo, Levine says. It should be a clear, high quality and attractive with an image that’s identifiable. Olympic runner Usain Bolt’s Instagram is the perfect example of this – taking ownership of his brand and profession as an athlete and competitor.
Good morning World!! As a child I dreamed.. But I stopped dreaming and started doing.. Because it’s the power of DOING that makes dreams happen A photo posted by Usain St.Leo Bolt (@usainbolt) on May 30, 2016 at 6:19am PDT
“Pixelated pictures aren’t a good look,” she cautions. “Show that you’ve given some thought and attention to this.”
A similar effort should be put into the username, which should match the message you’d like to convey. Make sure you know the purpose for your account. Is it professional? Personal? It’s most likely best to simply use a variation of your name, she says. But if it’s personal, it’s okay to have a bit more fun with it. Just like a cover letter, your bio should help to clearly describe or provide an explanation for your perspective and what’s unique about you or your account.
“Don’t write anything in any of your bios that you would not want to be publicly associated with you, regardless of your privacy settings,” cautions Levine. In writing a bio, Nick says it facilitates figuring out why you want followers in the first place.
“Come up with a strategy,” he says. “You don’t want followers just for the sake of having followers.”
Make it interesting
Images you post on your account should be just as clear as your profile image, meaning high quality and unpixelated. These platforms, Levine says, emphasise strong visuals, like videos and pics. Most importantly, Levine points out that you should know why your account matters. What does it add to the conversation? “Why would someone care to read what you post?” she says.
“Add your perspective and insight, so you aren’t one of the masses just posting the headline of an article you read.”
Take @waverider_ – with 1.7 million followers, he found his niche by consistently posting his own unique content by mimicking the top celebs, such as singer Ariana Grande.
It doesn’t matter what time of day it is or what country I’m in, I work 16-18 hours/day on @stockstotrade and @wolf_millionaire video lessons, #stockmarket commentary, watchlists, DVD guides, webinars and #stocktrading alerts too…I already have a few #millionaire students, but I want MANY more so I push myself each and every day all while living the #dreamlife so let me know if you want me to teach you what I’ve learned over the past 2 decades dedicating myself to being a #daytrader and spotter of the hottest #pennystocks WA h and every day! #ilovemyjob #iloveteaching #ilovemystudents #maldives #mondaymemories #traveladdict #travelawesome #bestvacations #wonderful_places #workfromanywhere #workhardjewhard A photo posted by Timothy Sykes (@timothysykes) on Jun 20, 2016 at 7:17pm PDT
Levine says that “the frequency and regularity with which you post is correlated with the number of followers you have.” Posting regularly and often (daily or several times a week) enables followers to stay in regular communication with you while you offer your unique take on whatever topic you’re covering. For instance, Puff Daddy – also known as the rapper P. Diddy – posts consistently and on message (for his rapper brand, at least) and has 6.6 million followers. If you’re on the more serious end of business, take a look at entrepreneur Tim Sykes’ instagram, also regularly active; he has over 726,000 followers.
Doing the opposite – not posting regularly and having bursts of content – will most likely cost you some followers.
“Nobody wants to be suddenly inundated by a haphazard sharer,” Levine says.
If you have multiple social media accounts linked each other so you can post automatically from one or the other, stop that practice. Levine warns that there’s been many unfortunate mistakes and mishaps from doing this, so while it may save time, it’s much better to offer your own narrative and curate content fitting to each platform.
It’s also pretty apparent that you’re automatically posting through linking because each platform is vastly different with varying styles and conversations or purposes. By posting directly, it looks better on the account and encourages followers.
“Cross-promoting content looks lazy, antisocial and ignores the conventions and social norms of each platform’s users,” she declares.
Related: 4 Social Media Tips For B2Bs
Huge thank you to one of my fav places in the world to train the UK’s MONSTER GYM. As always thanks to our friend and owner Steve Collins, his lovely little daughter Katelyn and gym staff for the hospitality. And big shout out this morning to my iron family – monster gym members who trained hard and left me the f*ck alone while I trained legs. ??? #LegDay #MonsterGymUK #CentralIntelligence #WorldPressTour #London A photo posted by therock (@therock) on Jun 5, 2016 at 3:24am PDT
Don’t just push out content like a machine. Create content and talk about yourself. Be conversational! Engage your followers the way movie star Dwayne Johnson – aka “The Rock” – posts inspirational videos and photos for fans on his Instagram account. He has over 55 million followers.
“It’s called social media for a reason,” Levine says. “Ask questions. Comment. Reply. Favourite. Like.”
By actually conversing with your followers, you encourage them to come back, to keep following and even share material from your account. Nick suggests giveaways or contests online as beneficial ways to interact. “It’s incredibly important to engage,” he says. “By commenting and reaching out, users are showing interest in you.”
Me, by @itsneilb. A photo posted by newyorkcity (@newyorkcity) on Jan 21, 2016 at 12:04pm PST
Nothing is better than being your true self on social media. By embracing her voice and life in the big city, Liz Eswein, creator and curator of the @newyorkcity account, was able to become a millionaire and start her own media management business.
Nick’s account @MillionaireLifestyle got started, for example, because of his passion for cars which eventually transformed into an opportunity to showcase the millionaire lifestyle itself. Though he, himself, is not a millionaire, the Instagram guru is getting there – and has experienced luxurious adventures of millionaires because of his ability to tune in and capture the lifestyle – like when he posted an Uber helicopter ride in Dubai.
Levine says most users online are able to tell pretty easily if you’re not being authentic (like certain emoji-happy politicians).
“Authenticity is huge,” she says. “Post in a way that’s conversational. Add your perspective. Share the value you add to a conversation. And have fun.”
This article was originally posted here on Entrepreneur.com.
7 Steps To Achieve Financial Freedom
Achieving financial freedom doesn’t necessarily mean becoming filthy rich – not that that hurts.
In this video, Entrepreneur Network partner Brian Tracy explains the seven steps you need to take to achieve financial freedom. Now, financial freedom doesn’t mean becoming filthy rich – lottery winners go bankrupt all the time. Instead, financial freedom is about becoming disciplined and using your money in a way that ensures you can live the sort of life you want both now and in the future.
That’s why the first step isn’t about getting a lot of money. Instead, it’s about teaching yourself to think positively about money. That way, you’ll be in the right mindset to move forward.
Click play to learn more.
This article was originally posted here on Entrepreneur.com.
4 Ways To Become A Millionaire Even When You Start With Little
It costs nothing to take advantage of the limitless opportunities online.
The hardest part of becoming successful is getting started to begin with. But despite the challenges ahead of you, there’s a way to become a millionaire when starting with little. I’m going to show you four reasons why you can become a millionaire with just a small investment.
1First focus on learning, not big gain
Education is your greatest weapon. Focus on learning in the beginning. Don’t make the mistake of focusing on making huge gains in the beginning. Learn everything you can because this is how you build the foundations for long-term gains.
They say that if a millionaire goes bankrupt they’ll nearly always be able to get it back. And that’s because they might have lost their money, but they have the knowledge of how to get back to where they need to be.
2You can learn loads about any topic online
I’m grateful for the internet. It’s the single biggest library in the world. You’re reading this article right now and you’re acquiring knowledge you wouldn’t have been able to acquire 40 years ago. Use the internet to its fullest extent, whether that’s through reading books, browsing articles or watching video tutorials.
Set some time aside every day to learn something online. It could be a video series or a favorite blog. When you get into the habit of learning regularly you’ll find that you advance much faster.
3Focus on the niche you love
These days you can learn about anything and target the niche you’re passionate about. This is what I was able to do with penny stocks. I found a gap in the market and provided knowledge to people who wouldn’t have otherwise being able to access this sort of information.
You can do that with absolutely any niche. When you find a niche you’re passionate about and you use the reach of the Internet you start to make huge gains.
4Prove your expertise by creating free content
Your reputation as an authority is the new business card. There’s a reason I created a penny stock guide and made it free for all. You may have already seen ads for it on social media. The way to succeed with little is to create a reputation through your content.
It’s the gateway to success because through free content you start to build relationships with others who value your work. And from there everyone gets richer.
You can do lots with a little
The days when you needed a huge investment to become successful are long gone. These days you can do so much with just a little. Find what you love, advance your knowledge in that area, and create a product that fulfills a need. Finally, work on building up relationships through portraying yourself as an authority on your subject.
Combine everything together and you can accomplish anything.
This article was originally posted here on Entrepreneur.com.
12 Millionaire Habits To Start Making Serious Money Soon And Build Wealth In A Hurry
Get-rich-quick schemes rarely work but doing the right things every day rarely fails.
There’s a mindset that’s prevalent these days. It’s one of instant gratification in an on-demand society that looks for quick results with very little effort. Entrepreneurs know that life doesn’t work that way. You need to put in the sweat equity if you’re looking to gain serious results.
When it comes to making money, certain good habits push us forward while some bad habits deter us from getting rich or even making any semblance of serious money.
Clearly, many people are making money and some are making lots, but if they mismanage it and pilfer it away on mindless pursuits, building the proverbial empire is going to be far harder.
Making money is one thing, but creating wealth is an entirely different thing. Obviously, most people can quickly make an extra $100 by selling used items or doing a small gig on a site like Fiverr, but if you’re looking for the kind of cash that can make a significant difference in your life, embrace these 12 millionaire habits. They are sure to drive you in the right direction. You’ll find ways to create real wealth by beckoning financial opportunity and potential windfalls through a positive mindset and a sound emotional, spiritual and mental state. That is quite literally the most powerful mixture of habits that exists for entrepreneurs.
1Always add value
Value makes the world go round. Everyone wants to get value out of an exchange. The most successful entrepreneurs in the world know that if you’re going to make lots of money, then you need to always be adding value. Always seek to add more value to whatever services, information or products you’re selling.
2Wake up early
The early morning hours are replete with quiet solitude. It’s when you can refine your thoughts and implement your plans before all the distractions of the day. If you are constantly dealing with interruptions throughout your day, find your happy place in the morning. Wake up early so you can plan whatever will advance you toward your goals.
Making money isn’t just about implementing good career or business habits. You need to be fit emotionally and physically to fire on all pistons. Exercise in the morning, even if briefly. Exercising gets the blood flowing and oxygenation to the cells, helping you to think clearly and be laser-focused. This habit is implemented by some of the world’s richest entrepreneurs.
4Daily goal setting
You have your long-term goals in place but, if you’re looking to make serious money and quickly, you have to set goals every single day. These are milestones on your way to your biggest and most outlandish goals. Do this when you wake up, first thing in the morning, so that you stay on track and on target. Decide what will move you closer to those financial goals by the end of the day, then go out there and do it.
5Effective time management
Everyone in this world has the same amount of time. The 24 hours of each day is life’s greatest equaliser. It doesn’t matter what we do, where we’re from or how much money we have, we all have the same amount of time.
Effective time management is a must for those looking to get ahead. Whether your goal is to earn a lot of money over time or you just need to earn a little bit of extra cash quickly, properly managing your finite time is what makes it possible to succeed.
Networking is one of the most important habits to have in life. The sayings go, your network is your net worth, and if you lie down with dogs, you’ll definitely come up with fleas. Reach out to others and find out what you can do to add value to their world.
Don’t ask for anything in return, especially not right away. Just insert yourself into the mix, and eventually the opportunities will find you.
John Assaraf, who built up a billion-dollar real estate business and is featured in the movie The Secret, preaches the importance of “innercising” in his NeuroGym system. Innercising is mental exercise to reprogram subliminal conditioning deeply embedded in our subconscious. The goal is to frame the mind with a positive financial outlook which attracts money and opportunities to our lives, rather than pushing them away.
Will eating healthier help you to attract more wealth or make more money in the interim? You can bet it will. Sound body, sound mind. To have the precision thinking and focus of a highly-trained athlete, you need to eat healthily. Our bodies spend a large amount of their energy on processing foods. Unhealthy eating leaves us with less energy for achieving our goals, whatever they are.
9Saving and investing
Obviously, saving and investing is fundamental to building wealth. It won’t happen as fast as you’d like, but the larger component at play is having moment-of-the-opportunity cash to invest when something requires your attention immediately. When you have capital and are no longer living paycheck-to-paycheck, you’re ready to earn more money when the opportunity presents.
If you play a cutthroat game and walk all over people, few opportunities will come your way. Being mindful and respectful of others attracts opportunities that you can eventually convert into cash. Be mindful about how you act and what you say so it doesn’t come back to bite you in the butt.
11Work with a mentor
Mentors are great for helping you to earn extra income, whether small or large. A mentor who’s achieved outlandish goals in your industry will offer guidance to help you get where you’re looking to go.
Find a mentor and work with them daily. Ask for their help and guidance as you navigate the choppy waters towards success.
12Contribute to others
Contribution is born from an abundant mindset. When you are sated and have enough for yourself, look to contribute. You can trick your mind into an abundant mindset by simply contributing your time to others. You don’t have to give money. Only time. It’s a subconscious mind trick that moves you away from scarcity to attract more money and opportunities into your life.
This article was originally posted here on Entrepreneur.com.
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