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How To Make Millions Fast

written by John Chow on February 10, 2008

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My good friend Tyler Dikman has done it again. After his first appearance on The Big Idea, Donny was so impressed by the young millionaire that he invited him on the show again to share some secrets to success and how to make millions fast.

In the following video, Tyler gives Donny his rules of business that lead him to owing a million dollar company at the age of 17. Tyler’s ideas not only worked for his business but it’ll work for any business, including an Internet one.

Congrats goes out to Tyler for making it on The Big Idea twice. He did really well, even though Donny kinda owned him at the end. It’s still all good.

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Hmm well millionaire can mean a number of things, does he have $1mn in the bank in cash reserves, or is it in some big house he bought and owes a mortgage on + his car? Did his parents help in funding whatever he did or did he write a fantastic business plan and palo alto came calling?

i don't really know what he did, but whatever he did was surprising. I mean a guy makin 20$ / hour from lemonade stand ... that got to be something... I am sure he didn't invest his money into the lemons at the age 5... but the parent's influence helped him.

He looks very easy going and friendly. He doesn't seem to have the quality of "I am better than you". I cannot explain well but he is a kind of a person who can make others happy just by talking to them. Thanks for sharing the video.

Thanks, I really enjoyed this! It's encouraging to everyone, both young and old.

I love the spirit he has. Reminds me of when I was young, I used to sell cookies and brownies (I made myself) just off the pearl st. mall in Boulder, CO. I would net about $200/day on the weekends, but was eventually forced out of business by the zoning board for not be licensed to vend in the street (I set up my stand in front of a family friend's store)... Being only 14 at the time, it really killed my entrepreneurial spirit (wish I would of just applied for the permit), something I'm working on getting back these days...

Thanks for the inspiration John Chow!

Tyler is an extremely impressive and successful kid. I am sure he didn't share all his secrets in that interview, but that is normal. No millionaire will share all his secrets to publicity.

I still have much to learn, thx for the post john! :D

I wish I had this kid's smarts at that age... or now for that matter

i wish i knew all this just 3 years ago boy would i be happy

The kid got his American Express Centurion card by using it to purchase everything for his business... everyone does that.. I have one for my business. It's not exactly a huge deal.

The kid is barely a millionaire John... please

Fantastic, that was a great motivator. Cheers for sharing this John.

creativity is very important...

I watch the Big Idea just about every night of the week and even YouTube a lot of shows. It is great clips like that John that really do inspire others. Thanks.
Rob West :wink:

Wow, that was inspirational!
The ones I've learnt from all his advices and the ones that I agree with are:
1) Underpromise and over deliver: nothing better than wowing someone than disappointing them.
2) Ideas dont make money, execution does: from my dad who has great idea to tell everybody but never execute it.

Most excellent find. Thank you for sharing the video.

"Under promise and over deliver" -- ingenious.

Doesn't it always seem like all the great ideas in the world were taken and people made millions? I mean, I don't think they are, but it sure seems like it every time you hear about something like this.

Nice video, but I would have preferred a lot more detail. Too many successful entrepreneurs don't really give anything away at all and just give broad ideas that most people don't stand a hope of executing. However, I did take the underpromise point on board, very useful.

Man... it's inspirational stuff, that is. Makes me wish I had more goals and desire to work hard at that young age.

wow I love seeing stuff like this.

What an inspiration!

-Mike

Well if he works 15 hours a day than I want to work 7 and earn a 1.5 m a year. Just kidding, really. Work Hard ...yes it's a point but the main idea is to be EFFICIENT, don't just work hard, because with only hard work you might fail to become somebody, to earn some big bucks.

I think he forgot one more good advice WORK HARD. One of the things you didn't know about tyler is that he works 15 hour days he's a workaholic and if you work like that on your Idea you can make it to. Even if you have a job when you get home start doing your business and put in the time.

Wow! This really inspires me. Although I have seen a bunch of those steps before, I was introduced to some new ones.

--

its all about how fast you can execute on your ideas before someone else does...thats it....plain and simple, execution...just do it!

He really put some good points. Wow! He was looking damn confident.

Yeah...definitely very confident for his age. Fairly well spoken as well.

You meant "owning" right? I'd feel sorry for the kid if he already owed some company a million dollars at 17.

Good info, though. Thanks for sharing! :smile:

I especially liked his last comment!!! Execution is key. I've written about this a number of times before: Ideas are a dime a dozen

I also liked when he said, under promise and over deliver.

He got that from Harvey Mackay - "Deliver more than you promise"

The guy is very switched on and confident in what he is doing. Nice to see such a cool positive story.

Wow, awesome guy. Kudos to his parents as well.

Great article, it proves that in business, age doesn't matter. The only things that matter are your brain and hard-work.

They just don't make kids today like they used to.

If this guy impresses you, read about Farrah Gray, and read his book - Reallionaire: Nine Steps to Becoming Rich from the Inside Out. Quite inspiring.

John, will you be my mentor? :grin:
Tyler is a man with the idea, $20 per hour by selling lemonade..at the age of 17 started company.. he`s doing pretty good.. people at his age are probably still living with their parents and working in local coffee shop, but he`s making millions..

Wow, impressive for a 23 yr old. I turn 23 this year and I sure has heck don't have a million bucks to my name. Good job to him. I wonder what the family story is, how much support he got, motivation etc.

A lot. I've met Tyler's parents a few time. They provided an extremely positive family environment when Tyler was growing up.

Hmm... You have some really good friends John.

I thought that was the case. He's got great confidence and work ethic. He's definitely set the bar very high.

Good parental support is critical...it can make all the difference.

Yourit ensures success when you live in a stable environment as opposed to a hostile one

Family support (or of your closest, call them friends, gf etc) is very important when you are launching yourself in business. The guy really is wise and his speaking is confident and secure and his advices were standing in the ground for real.

Working on a smaller client base (unless you have the man power) gives you that freedom to work with each client more closely and even gives you the time to have that free chat some times. Don't over promise but over deliver is yet another brilliant advice, surprise your clients and they will not only get back to you but they will also refer you to others.

I used to purchase my lemonade exclusively from Tyler. :grin:

one day at a time.. that's all you can do :mrgreen:

I agree...an overall plan and a goal is important...but don't get caught up in the final goal, take things one day at a time...

that's the best way to earning a full time income online

Wow! Tyler is brilliant and smart. So is John Chow :wink:
I hope to be brilliant someday too. Still got allot of learning
to do. Great post John. Thanks for sharing :grin:

~Katie :grin: