First money-making idea? Once humans had mastered the basic skills they needed in order to take of their essential needs such as food, shelter and clothing their thoughts turned to trade. Once they had produced enough to satisfy their needs they traded the surplus for other goods they needed and thus commercial trade was born. Once people realised that the more you had the more you could buy and that’s where the first money-making idea originated.

Since then dreamers and entrepreneurs alike have wrestled with this age-old dilemma. The ideas ranged from completely impractical, such as turning lead to gold to the slightly outlandish. More fortunes were lost than made with such dubious schemes.

Add to this mix con men through the ages who were always willing to part a fool from his money. Many greedy people who did not heed the advice that if it looks too good to be true then it probably is have been tricked into parting with large sums of money. A modern-day version of the notorious 419 scam that originated in Nigeria is still doing the rounds via email today.

But history also shows us plenty of examples of people who have taken bold risks in business that have paid off and rewarded them with lots of money. The one characteristic that these people all share is the courage to follow their convictions. Everybody has a winning idea but few have the guts to gamble their time money and resources on it. In this case fortune truly favours the brave.

The next ingredient is hard work and sheer determination. Unless one wins the lotto or inherits it making lots of cash is never an overnight thing. After the first burst on inspiration it takes sheer perspiration to get the job done.

One must remain focused and not lose hope in spite of all obstacles, setbacks and disappointments that happen along the way. The mark of someone who is serious about making money is persistence in the face of all odds.

Another thing that puts off potential moguls is the mistaken belief that in order to amass great wealth one must come up with an original concept. While there are plenty who have made their fortunes this way a quick look around shows that modern markets are built on competition, in other words many companies selling a very similar product, each with something they believe distinguishes them from the pack.

The moral of that story is reinventing the wheel is not the solution. Taking a fresh look at an existing product can also be a great way to earn a lot. If one can put a unique spin on something or create a unique need for a product that’s also a great way to start. With hard work and patience that can be leveraged into a profitable business.

The truth is that there is no quick fix or magical money-making idea that can create fabulous wealth overnight. Which is not discouraging because there are plenty of ways for people with great ideas who are willing to work hard to make their dreams come true.

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