We found that the #1 barrier to making more money was finding the right idea. Test your money-making ideas today with the 4 key criteria every idea needs.
In our research of over 5,000 people, we found that the #1 barrier to making more money was, by a huge margin, finding the right idea. If you're like me, it can get frustrating to have 0 ideas or too many! and not know where to start. Today, I'll cover several frameworks to generate and test profitable ideas to make money that you can implement today.
Recently, one of my readers, Barbara S. made a very interesting comment that highlighted why many people can't find a money-making idea that's actually profitable:
Many of the people who focus on the “save” half of things do so because when they focus on earning, the things that come to mind are so little that saving actually does measure up better.
Quiz: What is your earning potential? Choose the answer you agree with the most
If I work hard, I can always earn more money
I am not in full control of how much money I make
For instance: I have an ongoing freelance gig that brings in over $1,000 per month. Because it sometimes results in a long day, I have no problem doing the work over a sandwich rather than working and then cooking. $10 meal versus $300 session of work.
The friends who find this wasteful aren’t thinking of that scenario. They’re thinking about doing a $15 an hour shift someplace: $45. So, they’d rather cook at home and save the $10 than earn $45.
It makes perfect sense. If you're not sure how to make more money with the skills you already have. and the only ideas that come to mind will generate a paltry $50/month, why would you try to earn money?
Here's the kicker, though: I'm not talking about a crappy $50/month. I'm talking about $1,000+.
Today, I want to challenge the notion that you should look for an idea to make more money.
Instead, I'll show you the first step of identifying, testing, iterating, and validating your ideas to virtually guarantee that you'll make more money to live a richer life.
