In a world that thrives on interaction and technological advancement, there are more ways for people to produce income than ever before. It’s all you see everywhere, on apps like Instagram and TikTok, to the ads on Youtube and Facebook, people are hit with information on new ways to make money every day. However, what is the best way to make money in today’s world? If you were to ask stock traders, they would say it’s trading. If you were to ask Real Estate Investors, they would say it’s real estate investing, if you were to ask Amazon FBA or Shopify Experts, they would say it’s e-commerce stores.
To get to the answer, we asked millionaire founder Shahrez Hayder, also known as the “King of Systems.” Shahrez Hayder is an entrepreneur who specializes in engineering, systemizing, and scaling companies. As Hayder founded or consulted in several 7 and 8 figure businesses, his track record speaks for itself.
What do you think is the best way to make money in today’s day and age?
“Wow, that’s an interesting question. There’s no one answer to this question, and my answer will be biased to what I do, but whenever I get asked something around this topic, I just have to point out some counter-questions and facts to keep it neutral.
Now when it comes to ‘making money,’ that’s very vague. The real question is, how much money are we talking about here? Hundreds of thousands? Millions? Hundreds of millions? Billions?
When I think of the question “what is the best way to make money,” my mind automatically goes to “how can I make the most amount of money possible in a controlled and scalable fashion?”
So my answer would be straightforward here:
Suppose you were to look at the world’s wealthiest people, like Jeff Bezos, Elon Musk, Bill Gates, Bernard Arnault, Mark Zuckerburg. What do they all have in common?
They all accumulated their massive wealth by producing companies that brought a solution to some significant problems.
The key here is that they engineered, systemized, and scaled their companies to produce income for themselves and other people.
The last time I checked, these people didn’t acquire their wealth by investing in real estate, stock trading, or dancing on tik tok.
Not to put those methods down, because they have gave many people Financial freedom.
So my answer is simple.
The best way to make the most money in today’s day and age is to start a business, engineer systems, and scale in a controlled fashion.”
How can people start a business?
“Starting a business is not as complicated as many people may think. Scaling it is a bit complex because we fall into metrics, automation, delegation, procedures, policies, etc.
You can start a business by simply offering a product or service that is the solution to a problem. Why do people buy ice cream on a hot day? Why do couples pay for pictures at tourist attractions? Why do people pay fitness trainers to lose weight? Why do companies hire me to help build systems and scale. It’s all because they have a desire or problem that needs to be solved.”
Let’s say I find a solution to a problem, how do I make money, and lots of it?
“That’s a significant first step, your second step would be to see if that’s genuinely the solution the market wants. This is called product-market fit and validation.
Your goal is to sell your product or service to your market and see if they are willing to pay for it. Once they are willing to pay for it, you have found a product-market fit.
The next step would be to scale your ability to sell the product/service. The most important thing to remember that a business is like a baby, and this baby requires money and attention to grow, but the most important thing it needs is money. If the company is not making money, you don’t have a business.
So you must engineer a system that can bring sales to the business. This will give you the cash flow to continue engineering new systems for marketing/advertising, customer service, fulfillment, and retention.”
Okay, Let’s Say I do everything you told me. How do I scale this into a Multi-Million Dollar Business?
“It’s all in the systems of your business. The better your systems, the faster you will scale. I’ve often told business owners to “show me your systems and I’ll tell you your business’s future” there’s a lot of truth to that. There are so many systems that are involved in a multi-million dollar business. There are culture systems, sales systems, tracking systems, fulfillment systems, retention systems, HR, marketing systems, etc. We go through all of them in our programs. Like I said before, its the sales systems or acquisition systems that is truly going to get you moving. Without that, scaling to millions? Impossible.
Now, one of the first things we do is look at the culture of a company because if their culture/management sucks, then it doesn’t matter how good their sales and acquisition systems are, your company sucks.”
Any last tips to new or stuck business owners?
“Yeah, the most important thing you can do is find someone who has done what you’re looking to do. Pay them and learn from them. If you have the money, then get them to be a little hands-on as well.
We’ve had so many clients that have told us that they wish they’d invested in one of our programs or hired us sooner.
The last thing you need to do is frustrate yourself with engineering systems and processes because it isn’t easy. With the right direction and blueprint, all you have to do is implement and reap the benefits.
Another really important thought to consider is FOMO (fear of missing out) and shiny object syndrome. You need to focus on the goal at hand. There’s no point in starting a business if you are going to jump from idea to idea or eyeing the stock market when you know for a fact that you can control your income by scaling your own company. Stay focus. Follow one course until successful.”
As Hayder mentioned earlier, there is no true way of figuring out the best way to make money. Clearly and evidently, it seems the best way to make the most money is building and scaling a successful business.
If you are looking to connect with Shahrez Hayder, you can follow him on all social platforms, @ShahrezHayder
You can follow him on Instagram here
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