3 Ways to Attract a Millionaire Mentor | Entrepreneur (2024)

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Do you want to be a millionaire? You're reading Entrepreneur, so I'm assuming that's on your bucket list. To get there you've got to build your business and your network. Almost none of us get there alone, so you're going to need a mentor. If you target someone who's already hit the bullseye you're aiming at, you'll have a huge advantage.

It's been said that, "your net worth is the average of the five people you spend the most time with." That's why I hang out with people who increase my value and it's why you need a millionaire in your life. Associating and spending more time with successful people is the fastest way to accelerate your professional growth.

Millionaires get tons of people who constantly want their time and money but offer nothing of value in return. Many of them want to help motivated up-and-comers, but they have to put up a wall to block out all of the people who want to take without first proving their worth.

Here are three ways to get over that wall and find your millionaire mentor. All of them involve sending an email that captures their attention. How do you do that? Sometimes even a cold email will work, but here are three better ways.

1. Send them a gift.

You want to know how to get the attention of someone who has to brush away countless people asking for money/freebies? Give them something of value. Most millionaires don't need a $25 Chili's gift card, but your gift shows that you value their time.

What's a good gift? A bottle of whatever booze they prefer. Scotch is traditional, but research your target. A Moleskine notebook with a handwritten note placed inside. They always get used.

Get a good email address for the guy or gal you want to reach, and then send them a short flattering email asking for their mailing address so you can send them a gift. After you send it, make sure to follow up to confirm they received. Then a month later you can make a brief (think less than five minute) request of their time.

When I was getting started I found a lot of success doing this. Now I'm on the receiving end for these type of gifts and they totally work. Why? Deep down, most successful people love to help others, but they have little time, so you putting in a bit of work differentiates you from the 99 percent others who just email.

Related: 11 Ways To Be Frugal Now So You're Rich Later

2. Interview them

People with egos love to talk about themselves. Most millionaires have egos. I know I do. Make a list of five people you'd like to meet. Send them an email, use this template:

Hey,

Huge fan of your work! I run a podcast/blog called X about Y. I really love your {fill in here} and I'd really like to grab 7 minutes of your time for a short interview to talk about it. The podcast/blog has a growing audience and is geared toward Y. A quick interview with you would make my audience go wild.

If you're lucky, they'll agree and you'll get an hour of their time. If you're really lucky, they'll promote the interview on their social network and maybe respond to emails afterward. Win-win. The idea is to make it as easy as possible for them to help you and let them know the benefits.

Related: 8 Tips to Become a Millionaire This Year

3. Buy their friendship

If you're trying to become a millionaire by starting an online business, the kind of mentors you're looking for might have a blog or podcast that sells sponsorships. Go sponsor it for a month or more. It puts you on their radar and it'll help drive traffic to your business.

By sponsoring Tim Ferriss' blog, I was able to build a relationship with him. This has led to a LOT of benefits. It may not be the cheapest solution, but it sets the status that you are serious vs just a window-shopper. Plus almost every email I send with Subject: Sponsoring Your Site; gets a response.

Even if they don't have a blog or podcast, they probably have a pet project or charity they care about. Go find out what it is and offer to donate your money, time or audience in exchange for a few minutes of their time.

This approach puts you on a much different level than 99 percent of people who want their time for free.

Related: 4 Habits of Millionaires That Work for Everyone

Okay, I've got their attention. Now what?

Now that you're on the radar, find a way to hang out with them. If they're in your city and you know they love sushi, offer to take them out for a lunch at wherever the hot new place is for raw fish on rice. Jim Rohn talks about why poor people are poor because they don't do this.

The idea here is for you to add value to their life until they eventually want to help you out.

Keep doing this and you'll get a chance to share your site or product with them. Getting their top-down view of your business and how it can scale is extremely helpful. Think of it like a garden: you're planting seeds and adding fertilizer. You can't eat your seeds right away, they'll take time to grow.

Not all of them will sprout, but some of them will, and it'll be a great investment of your time and money while you're getting your ball rolling.

3 Ways to Attract a Millionaire Mentor | Entrepreneur (2024)

FAQs

3 Ways to Attract a Millionaire Mentor | Entrepreneur? ›

Once you've identified your specific needs, you can start looking for a millionaire mentor who has the expertise and experience to help you achieve your goals. You can attend networking events, join industry groups, or even reach out to successful entrepreneurs in your network for guidance and mentorship.

How to get a millionaire mentor? ›

Once you've identified your specific needs, you can start looking for a millionaire mentor who has the expertise and experience to help you achieve your goals. You can attend networking events, join industry groups, or even reach out to successful entrepreneurs in your network for guidance and mentorship.

How to attract a mentor? ›

  1. 1 Show genuine interest. The first step to impress and attract potential mentors is to show genuine interest in their work, achievements, and goals. ...
  2. 2 Offer value. ...
  3. 3 Be respectful. ...
  4. 4 Be proactive. ...
  5. 5 Be yourself. ...
  6. 6 Be loyal. ...
  7. 7 Here's what else to consider.
Aug 10, 2023

How to be a millionaire by 30? ›

6 Steps To Take To Become a Millionaire by 30
  1. Do the Math. ...
  2. Invest In Yourself and Build Sellable Skills. ...
  3. Create a Network of Winning People. ...
  4. Pursue Outsized Gains, Perhaps in Real Estate. ...
  5. House-Hack Your Way Out of Rent or Mortgage Payments. ...
  6. Risk It All on the Ultimate Investment — Start a Business.
Jun 8, 2023

How do I sell my mentorship? ›

Tips for Successfully Marketing a Mentoring Program
  1. Enlist internal champions early. ...
  2. Get the Marketing Department on board. ...
  3. Send a Personal Message from the Top. ...
  4. Communicate in waves – and keep the waves coming in. ...
  5. Tell the Whole Story. ...
  6. Keep Talking Even After the Program is Over.

How do I meet millionaires? ›

Millionaires often frequent high-end venues, exclusive clubs, and premier events. Being in these places increases the likelihood of meeting potential business partners and investors. Frequenting luxury hotels, restaurants, and bars can also increase the chances of meeting millionaires.

What does a successful mentor look like? ›

Great mentors realize that they're playing a long game, and as a result are patient in how they guide others down their path. They don't expect immediate gains, and they don't give up easily. More importantly, they care about maintaining and growing their professional relationships.

What does a good mentor look like? ›

A good mentor listens, but also gives their own opinion. They do not dictate, but rather advise. They are available to the mentee for support and as a resource. Listens and acts as a guide for the mentee, suggesting possible courses of action and helping them think through and act on concerns.

How to recruit more mentors? ›

10 Top Ways to Recruit Mentors Within Your Business
  1. Having a target audience and key objectives. ...
  2. Get senior leadership involved. ...
  3. Success stories. ...
  4. Case studies. ...
  5. Host mentoring events. ...
  6. Be clear on commitments. ...
  7. Email communication. ...
  8. Instant messenger channels.

How to go from 100k to 1 million? ›

There are two approaches you could take. The first is increasing the amount you invest monthly. Bumping up your monthly contributions to $200 would put you over the $1 million mark. The other option would be to try to exceed a 7% annual return with your investments.

How to be a millionaire in 1 year? ›

It's Almost Impossible. While some experts believe it's an achievable feat, others aren't so optimistic. “It is almost impossible for most people to become millionaires within just one year,” said Loretta Kilday, attorney and spokesperson for Debt Consolidation Care.

How much money do I need to invest to make $1000 a month? ›

A stock portfolio focused on dividends can generate $1,000 per month or more in perpetual passive income, Mircea Iosif wrote on Medium. “For example, at a 4% dividend yield, you would need a portfolio worth $300,000.

How to get rich in 5 years? ›

Here are seven proven steps to get you wealthy in five years:
  1. Build your financial literacy skills. ...
  2. Take control of your finances. ...
  3. Get in the wealthy mindset. ...
  4. Create a budget and live within your means. ...
  5. Step 5: Save to invest. ...
  6. Create multiple income sources. ...
  7. Surround yourself with other wealthy people.
Mar 21, 2024

What car does a rich man drive? ›

Common Types of Cars Driven by the Wealthy: Luxury Brands: Think Mercedes-Benz, BMW, Audi, and Lexus. These brands are known for combining luxury with performance. They're often sleek, well-designed, and come with a host of high-end features.

What's the fastest way to become a millionaire? ›

The quickest, right way to become a millionaire is to consistently invest over a long period of time. It's not shocking or flashy, but it works. Don't get distracted by market swings, trendy stocks or get-rich-quick schemes.

Do rich people have mentors? ›

Seek out mentors. What are your goals? Find someone who has already achieved something similar and learn from them. Author Thomas Corley, who has done extensive research on the daily habits of successful people, has found that 93% of rich people who had a mentor attributed their success to that person.

Do millionaires have financial advisors? ›

More than half of millionaires said that their advisor is their most trusted source of financial advice, beating spouses/partners in a very distant second place at 11%, followed by business news at 10%.

Do billionaires have mentors? ›

Did you know that many of the world's most successful entrepreneurs have had mentors? This guidance and support helps business owners navigate challenges, network effectively, see different perspectives, and more.

How to find a mentor with no money? ›

Go to networking events and see who could be a good fit for you. Ask other people in your field if they've been mentored; sometimes a “friend of a friend” connection can be a great way to find a mentor. Professional associations can also be a great way to meet potential mentors.

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