In this video, Spencer shares the “Fastest Way To Get Rich”.
Not a typical Spencer kinda video, but I am guessing he wants to “Hook” someone in that is interested in making money.
So I check it out obviously, because who doesn’t want to be rich?
And Spencer didn’t disappoint. He always seems to come through with the goods.
He shares the 3 things he look at when it comes to analyzing “Opportunity” and how to get rich quick.
The three things he mentioned in “Fastest Way To Get Rich” video is these:
- How Big Is The Problem Being Solved?
- How Excited Are People To Buy?
- Look At The Risk Reward Ratio
You may be thinking what the heck does that mean?
You are not alone, I thought the same thing too.
But Spencer does a great job of breaking it down so that even a 5th grader like me could understand.
Let’s look into it a little deeper, because Spencer mentions that these are the 3 things he looks for when it comes to an opportunity.
Fastest Way To Get Rich Overview
Information…
Yep… The “Fastest Way To Get Rich” is to have the 1st information about something!
You know what they say, “The early bird gets the worm.”
But how do you get that information?
There are a few ways…
Here are my 10 suggestions on how you can get information before anyone else:
1. Get A Mentor
2. Read voraciously
3. Go to industry events
4. Subscribe to trade publications
5. Follow influencers in your industry on social media
6. Stay up to date with technology
7. Use Google Alerts
8. Try to get a job in the industry you want to learn about
9. Join online communities
10. Ask lots of questions!
These are just a few ideas, but I am sure you can think of many more ways to get information before anyone else.
You wanna know what’s my favorite way to get information?
Subscribe to Spencer Mecham’s YouTube channel because he always seems to have the inside scoop!
Anyways, enough about information… let’s move on to the next point Spencer made in “Fastest Way To Get Rich”.
How Big Is The Problem Being Solved?
The size of the problem being solved is very important when it comes to making money.
You see, the bigger the problem, the more money there is to be made in solving it.
Think about it this way…
If you solve a small problem, there are only so many people that will benefit from your solution and you can only charge so much.
But if you solve a big problem, there are a lot more people that will benefit from your solution and you can charge a lot more.
For example, let’s say you have a solution for a small problem like hiccups.
You could probably only charge $5 for your solution because it’s not a big deal and there are other ways to solve the problem.
But let’s say you have a solution for a big problem like cancer.
You could charge a lot more because it’s a big problem and there aren’t many solutions out there.
So when you are looking for opportunities to make money, always look for the size of the problem being solved.
The bigger the problem, the more money you can make!
How Excited Are People To Buy?
The next thing Spencer looks for when it comes to an opportunity is how excited people are to buy.
You see, if people are excited about a product or service, they are more likely to buy it.
Think about the last time you were really excited about something you bought.
You probably didn’t even think twice about spending the money, you just bought it!
That’s because you were excited about it and you wanted it.
So when you are looking for opportunities, always look for something that people are excited about.
The more excited they are, the more likely they are to buy!
Look At The Risk Reward Ratio
The last thing Spencer looks for when it comes to an opportunity is the risk reward ratio.
This is a fancy way of saying how much risk you have to take to make the money.
For example, let’s say you are considering investing in a new restaurant.
There is always some risk involved in investing, but if the restaurant is doing well and has a good chance of success, the risk is worth it.
However, if the restaurant is not doing well and has a low chance of success, the risk is not worth it.
You see, you always have to weigh the risk against the reward when you are looking at an opportunity.
The higher the risk, the higher the reward needs to be to make it worth it.
So when you are looking at opportunities, always look at the risk reward ratio to see if it is worth it.
If the risk is too high, move on to the next opportunity!
These are just a few of the things Spencer looks for when he is considering an opportunity.
There are other things you can look for, but these are a good place to start.
Final Thought – Fastest Way To Get Rich
So there you have it, the fastest way to get rich according to Spencer Mecham.
Remember, the key is to find an opportunity that is big, that people are excited about, and that has a good risk reward ratio.
If you can find an opportunity like that, you are on your way to making a lot of money!
But…
Did you noticed something about Spencer?
Why is he doing affiliate marketing?
How is he making all this money?
The answer is simple. Spencer has found an opportunity that is big, that people are excited about, and that has a good risk reward ratio.
He has found an opportunity in affiliate marketing that meets all of his criteria for making money.
Are excited if I tell you that he offer a free training to help you QUALIFY yourself if this opportunity suits you?
Yes! Just click on the button below and enter your email address to get started.
You will be glad you did!
Spencer Mecham is one of the most successful online entrepreneurs of our time.
You can see his name in almost all the leaderboard in affiliate marketing.
Go check it out now!
Don’t let this “OPPORTUNITY” slip under your nose.
I hope you enjoyed this article and please share it with your friends if you did!