50, exploded into the music industry in 2002 with a bullet proof vest and a whole lot of courage. Since then, he has become one of the top successful hip hop entrepreneurs of the 21st century with a net worth of about $250 million, and some dope ass records that are still spinning on radio stations nowadays.
So what makes 50 Cent such a successful entrepreneur? We take a look at some of his abilities and strengths to understand how he reached a massive level of success in the matter of years.
1. 50 Cent Embraces Change
When music piracy was on the rise, the music industry was sweating bullets and taking many music platforms such as Napster and Kazaa to court, doing whatever they could to prevent music from being given away for free.
50 Cent however, didn’t even flinch. He didn’t complain, nor did he negatively address anyone for pirating his music. He saw it as an opportunity to grow. He took to the Mixtape circuit and started unofficially remixing other people’s records, with a twist of his own to spice it up for the streets. People caught on to the remixes and unofficial leaks and fell in love with 50 and his clique G-Unit almost over night. This was the start for the big bang exposure that 50 needed right before his first album release.
2. 50 Cent Is Highly Resourceful
After 50 Cent broke into the music business, he used his earnings to begin investing and buying shares in growing companies. He started his own clothing line and teamed up with Reebok and created the G-Unit sneakers.
The line is now owned by Ecko and is still incredibly successful today. He branched out and started networking with millionaires and billionaires, finding out the best and most lucrative industries to invest his cash.
3. 50 Cent Loves Taking Risks
50 Cent is probably the most famous for his involvement in Glaceau’s Vitamin Water brand. In exchange for endorsing the product, he was awarded a minority stake in the company, and ended up earning over $100 million from Coca-Cola’s $4.1 billion purchase of the brand.
He didn’t have to invest money, but he had to invest his reputation and image, and that is an easy 100 milly if you ask me!
4. 50 Cent is Willing To Give Back
Most recently, 50 Cent switched things up and went the philanthropist route. Using the funds from his energy drink brand, SK Energy Shots, he is now using his products as a way to give back by partnering with Feeding America and SMS Audio. For every pair of SYNC by 50 and STREET by 50 headphones sold online at SMSAudio.com will provide 250 meals that will feed families in America.
5. 50 Cent Never Sets Limits On What He Can Achieve
Another reason why 50 is such a successful entrepreneur is because he doesn’t place limits on himself. He just recently became officially licensed to become a boxer promoter and signed a deal with Right Guard to develop a body spray, released an energy drink brand as well as a headphone brand. He has even developed a condom line called, Magic Stick Condoms and owns a film company where he acted alongside Bruce Willis, Val Kilmer, Jason Statham & Chase Crawford to name a few.
50 wanted to spread his inspirational story and advice to the masses so he teamed up with Best Selling Author “Robert Greene”. 50 Cent has also co-authored a book with Robert Greene called, “The 50th Law.”
In this case, no matter where you look, 50 Cent has a product for it.
6. 50 Cent Is Self-Reliant
50 Cent lost his mother at a very young age, he never knew his father either. This forced 50 to have to become more independent if he wanted to make it in this world.
Rather than wait and be at the mercy of the entertainment and business industry, 50 created his own opportunities and became his own boss. Instead of depending on others, he became dependent on himself.
7. 50 Cent Stays Engaged With His Fans & Followers
50 Cent continues to engage with his fan base on a regular basis. By keeping his consumers updated on his business ventures, he is ensuring his own success. He updates and communicates with his followers through his Facebook & Twitter accounts frequently and understands that his follower ship is bigger than just his music industry groupies. His potential for success is strong as long as he remains connected to the outside world of his fans, knowing and understanding their needs and wants so that he can position himself in the best businesses possible where there is lucrative investments and high demands.
8. 50 Cent Surrounds Himself With Successful Individuals
There is no doubt that 50 Cent has made a lot of success, but he also acknowledges that he couldn’t have done it by himself. He has built a very strong team around him consisting of successful and knowledgeable people. He delegates tasks to those around him so that he can still go and build himself as a performer, but also be able to seek out the next successful business venture.
9. 50 Cent Stands Proudly Behind His Products
50 will not endorse, promote, or stand behind a product unless he truly believes in it. This has been a major factor in his success as an entrepreneur. If you don’t believe in the product, then there is no bother in endorsing it. 50 Cent believes that if he can’t stand behind something, the public can tell, which will mean varying success.
10. 50 Cent Follows His Passions
And last but not least, 50 Cent pursues his dreams with an incredible amount of passion, making him an unstoppable force to be reckoned with. He believes in himself and has unwavering faith in his work. He is knowledgable and willing to learn more about the industry he is in and never gets too comfortable with what he has.
He only takes on projects that he can relate to and can fully believe in.
Finding his passions and pursuing his dreams allows him to reach the highest level of success.
Feature Image courtesy of: Finlay MacKay
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Think & Grow Rich: The Legacy Film
We have some incredible news for you. For the first time in history, the Napoleon Hill Foundation has granted exclusive rights to Think Rich Films to transform the book, Think and Grow Rich, into a motion picture film, one that will impact another 100 million lives worldwide.
I am excited to announce that I will be featuring in this film alongside Bob Proctor, Lewis Howes, Rob Dyrdek, Barbara Corcoran, Grant Cardone, Darren Hardy, John Lee Dumas and many more incredible thought leaders.
Here’s the new teaser trailer for the film:
As true fans of Think and Grow Rich, we worked for over 3 years, pouring our hearts and souls into creating a film that is a pure representation of the Legacy of this life changing literary masterpiece.
Our guiding light along the way was to remain true to the content and in doing so spark the flame that will ignite a global movement with a powerful message.
The message is that anyone can succeed irrespective of their circumstances. Human potential is not predicated by age, race, gender, education, finance or any other perceived disadvantages.
Join us in Los Angeles on October 14, 2017 for the historical World Premier of Think and Grow Rich: The Legacy a film based on Napoleon Hill’s best selling book, Think and Grow Rich.
Join Us For The Premiere
Saturday October 14, 2017 at Regal L.A. LIVE: A Barco Innovation Center
Location: 1000 W Olympic Blvd, Los Angeles CA 90015
Red Carpet: 5:30pm – 6:00pm
Film Kick Off with Producers & Director: 6:20pm – 6:30pm
Film Showing: 6:30pm – 8:00pm
Q & A with Cast: 8:00pm – 8:30pm
PLUS… a panel discussion with the cast hosted by Gerard Adams
Attire: Formal/Semi Formal
VIP Private After Party Katsuya at L.A. LIVE: 9:00pm to Midnight
This exclusive VIP event following the Premiere will be private to cast members, producers, director and key individuals who made this film possible.
Hors d’oeuvres & Beverages will be provided and hosted by Katsuya.
Click the button above and scroll to the bottom of the next page to get your General or VIP tickets
The heartbeat of Think and Grow Rich: The Legacy
A glimpse of what you will see..
A glimpse of what you will see.. “Faith is going to give you the ability to continue through the highs and lows…” – Rob Dyrdek
“I remember being 24, new in business and being stopped dead reading the book…” – Barbara Corcoran
“Follow your dreams! Whether you achieve them or not is irrelevant…” – Lewis Howes
Click the button above and scroll to the bottom of the next page to get your General or VIP tickets
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