Do you think millionaires or managers or doctors would approach in the street or mall if they see a lovely lady ?

I was thinking about this After going out with some of my friends(very high status ones), and approaching girls myself and getting rejected multiple times. They told me that this isn't the way. You must have great value for your self and shouldn't look like a looser with those normal girls ignoring you. You must do better than that.

I personally don't think rejection is bad. I've got numb with it. But .if it's true, what's the alternative action then?