How to Earn Lots of Money?
4. Creating Monopolies
Several monopolies thrived and flourished magnificently in the earlier decades. When there is huge demand for something in a locality, small or large, and there is no sustaining competition, the business is expected to increase in leaps and bounds. However, such a prize catch is never left untouched and soon you will begin to face competition. The key to sustenance and maintenance is again innovation and one that is impossible to resist.
5. Sell to Sharks
Sharks are mammoth and they may be making big money. But those small fishes that sell to these huge ones also often get a lion’s share of the deal. This is the case even when the item of sale is small but inevitable. Focus on such business areas and target suitably to procure a lucrative deal.
Often, hard work and innovation may not be the only keywords. Luck also plays a vital role especially when your money minting idea fails to strike you at the right time.
