Top 4 Alternatives to Entrepreneurship - 4 Other Ways to Make Serious Money

It's 7pm. You literally just got back home. You go to your living room and you sit on the couch, all tired and ready to relax a little after a long hard day of work. You take your phone out of your pocket to check social media and you see that someone is trying to connect with you on Instagram. You check the message and it isn't a friend. It isn't even someone you remotely know. It's another marketing guru that's trying to sell you something. You receive these types of messages on a daily basis and just out of curiosity, you check his link. It sends you straight to his website. It's a very, very long sales page and he's trying to tell you how to escape the 9-to-5 and build the life of your dreams. He wants to teach you how to make impressive amounts of money directly from home, doing whatever you like on social media. Obviously, he's willing to teach you all this for the humble price of $2,500 that you're supposed to pay right away without the guarantee of results or of a refund of any kind. You already know how all this goes. He sells this idea that entrepreneurship is easy and that anyone can do it with little to no work. That's false. It's a lie. And you know it. You know that in order to become an entrepreneur and actually succeed, a lot of work is required. Except for some cases where they either get lucky or they start at the right time and in the right industry. However, that's the one-in-a-lifetime kind of opportunity. To become an entrepreneur, you need to commit to working more than 60 hours a week, sacrifice friends, sometimes family, and definitely hobbies and recreation. We're talking about high-risk, high-reward situations. Entrepreneurs put everything on the line to develop great products in the hope of profit. These gurus don't understand what it really takes to become an entrepreneur. And they sell you this false ideology that you can become one with no effort. Is entrepreneurship even worth it? Here's the truth. For most people, entrepreneurship is not worth it at all. If you aren't seriously obsessed with success, generating impressive value, and freedom, you won't become successful. You might start a little brand and make something like $40,000 a year, but nothing serious. The thing is, entrepreneurship has a lot of benefits. Financial Freedom Entrepreneurship gives you the freedom to do whatever you want, whenever you want, once you're successful. Especially when it comes to internet businesses, you can take care of them remotely. Many young people that have succeeded actually are nomads and travel the world while making crazy amounts of money. Don't Even Worry About The Price Tag Anymore This is so underestimated. It's so fulfilling when you go shopping and you don't have to worry about the price. You just buy things without keeping track of the price and worrying that you'll max out your card. Take Care Of Your Loved Ones When you have a business, you can take care of your family like most people can't. You can let them quit their jobs. You can buy them a car, even a house, and give them the life they always deserved. Give Back To The Community If there are charities that you care about and the foundations you want to help, entrepreneurship will give you this opportunity. Many people think that money is the root of all evil or whatever. But without money, the impact you can have on the world is so very small. If you seriously want to change the world, you need money. Do You Really Have To Become An Entrepreneur? So all these upsides are amazing, right? You don't have to listen to a boss, you decide when to work and when to play. You work for yourself. It's great. But is entrepreneurship the only way to achieve that? Actually, no. There are other easier and less risky ways to develop impressive success without necessarily putting everything on the line. They are definitely less rewarding, but they will work for most people and they can still make you millions and millions of dollars. Interested? Well, then keep watching, I'm about to explain to you the best alternatives to entrepreneurship that everyone can try. Before we talk about that, please take a second to like this video and subscribe to our channel. We are very focused on creating and delivering high-value content to you every other day. If you are looking to ten times your income and become a better version of yourself, this channel is for you. Done? Good. Now let's keep going. Entrepreneurship If you think, act, and work just like an entrepreneur but you don't like taking the risk, here's an alternative for you. Entrepreneurship. This is basically just like an entrepreneur, but within the company, and you could have many roles. Here are some examples. COO COO stands for Chief Operating Officer and usually is the number two of a company. The COO overlooks the day-to-day administrative and operational functions of a business. He is also often referred to as a Senior Vice President and he reports directly to the CEO. He works closely with the founder and he does indeed make a lot of money. CTO or CIO CTO stands for Chief Technology Officer and CIO stands for Chief Information Officer. They are very similar and easy to understand. The CTO, for example, oversees technology and creates relevant policies. He takes care of the technological needs of the company and he also is in charge of research and development. Often the CTO reports to the CIO, who's got a very similar role, and often reports to the CEO. CFO CFO stands for Chief Financial Officer and he overlooks all financial activities of the business. He obviously works very closely with accountants and advisors to decide whether investments are worthwhile or not, how to increase profitability, manage tax, and more. So he's got to deal with financial planning and cash flow on a daily basis. CMO This is probably the most interesting one for most young people. CMO stands for Chief Marketing Officer and this person takes care of all marketing activities. Marketers, especially in the 21st century, have acquired a very important position in businesses as marketing is such an important part of any company. The CMO also has huge responsibilities as he or she can make the difference between a successful and an unsuccessful marketing campaign. Is Entrepreneurship for You? Well, no one has the answer except for you. The thing is, entrepreneurs don't really have a lot of credit and being one is more common than you actually think. For example, even Steve Jobs, founder of Apple, was an entrepreneur for a long period of time. As you probably know, Jobs was actually fired from the position of CEO of Apple in 1985. Meanwhile, he started other ventures like Pixar, but then he got back at Apple as an entrepreneur and got a big chunk of Apple's equity. Just to give you more perspective, Steve Ballmer was hired by Bill Gates at Microsoft in 1980 and he became the richest entrepreneur in the world. He also became CEO of Microsoft before leaving the board later on. His net worth is estimated to be 74.1 billion US dollars. You are a great potential entrepreneur if you think like an entrepreneur. You always look for ways to generate more money, make the product better, and solve issues in innovative ways. You work like an entrepreneur, we're talking about 60 to 100-hour work weeks. You innovate and you're driven by results. You are focused on solutions and you're a great problem solver. You act as if the business is yours. Entrepreneurs protect the brand just like the CEO would because he worked very hard to grow it. You don't want to put everything on the line and risk it all in order to become an entrepreneur or founder. Entrepreneurship is a really important topic simply because most people don't even know that this option exists, and it could seriously be a valid one for a lot of people. But that's not it. There are other smaller options that you can choose to make serious money without having to become an entrepreneur. Here are some examples. Sales Working in sales is not everyone. It takes courage and a lot of determination to become a salesperson and talk to hundreds of people on a daily basis. When you sell, you need to get used to being rejected every single day. You need to understand how and why people buy in the first place and how you can get them to purchase as often as possible. You can make a lot of money as a salesperson, especially since you're often paid on performance. This means that the better you are, the more money you'll make. You can easily generate a six-figure income as a salesperson. Sales is for you if you're extroverted or if you're trying to push your limits. If you want to become more confident, social, persuasive, sales will help you. It'll teach you how to be charismatic, how to deal with people, and how to get them to do what you want. If you think that you have what it takes to build relationships with customers and get them to buy, you should definitely consider sales as a career opportunity. If you're interested in sales, we actually made a video on the basics of selling that you can check out to start learning the skill. It's called How to Sell Anything to Anyone. We put a link in the description below. Solopreneur A solopreneur is just like an entrepreneur, but he does everything by him or herself. A solopreneur has to deal with all aspects of his business, from legal to financial. He also has full responsibility over his business. This is a huge advantage for some people. If you like working alone and you want to be 100% responsible for everything that goes on in your business, this is for you. Even though you have some limits as a solopreneur, you can still make 6 figures and maybe even 7. Freelancing A freelancer is fairly similar to a solopreneur, but he usually has less responsibility and only sells services. There are many, many types of freelance activities that you can choose from. For example, video making, video editing, color grading, audio engineer, producer, writer, copywriter, sales guy, and so much more. There are some other differences between a freelancer and a solopreneur, and they have a lot to do with business model and limits. You do have less earning opportunities as a freelancer, but you can possibly make $100,000 or more a year. If you're interested in getting your freelancer career started, it doesn't take a lot of time and it takes little to no money to get started. We made a video on how to get clients as a freelancer, and it contains literally everything you need to find your first clients. We've put a link in the description below. And that's it for today. Remember to check out the two videos in the description below for more details on what we discussed today. Subscribe to this channel now for more information on how to make money, entrepreneurship, personal finance and more. Thank you for watching, have a great day, and I'll see you in the next one.