Holy crap, this is an interesting question…..
How would you make a million dollars in one month?
But seriously, let’s say I kidnapped one of your kids (and not the ugly one, but the good one)….and you had to come up with a $1,000,000 bucks by the end of the month to get him back.
How would you do it?
I already asked how would you make:
- ….an extra $100
- ….an extra $1,000
- ….an extra $10,000
- ….an extra $100,000
- ….and now I’m asking how you’d make $1,000,000
This is a pretty difficult question to answer, so I again asked some very very successful friends in varied industries how they would make $1,000,000 in around a month to help jog your mind before you answer in the comments.
SOFTWARE BACKGROUND GUY:
“HOW WOULD YOU MAKE AN EXTRA $1,000,000 IN A MONTH?”:
To people with billions of dollars, a million dollars is a thousand dollars. Solve a problem that someone with billions of dollars has.
I would create a custom piece of software that saves a large company money, and sell them that custom solution. I would find WHO to sell it to through LinkedIn.
INVESTOR & FINANCE DUDE:
“HOW WOULD YOU MAKE AN EXTRA $1,000,000 IN A MONTH?”:
There’s usually no way to inherently increase the value of an investment by 10x or 100x very quickly, unless it’s inherently super risky.
So in this situation of making a shit ton of money quickly, I’d find a small pharmaceutical company that’s on the verge of an FDA approval announcement, and bet heavily for (or against) them.
That’a the only way I can think of increasing an investment that rapidly.
REAL ESTATE DEVELOPER:
“HOW WOULD YOU MAKE AN EXTRA $1,000,000 IN A MONTH?”:
Well you’re talking a little crazy about making $1,000,000 that quickly, so I’ll give a crazy answer. The stars have to align for this to happen, but I HAVE seen it done several times:
You go and find a large apartment complex that’s in trouble and running under terrible management. Perhaps a complex that owes $20million to bank, but their property is only appraised and worth $15million, and they are about to go bankrupt.
You approach their bank and step in as a “solvent entity” to take over that loan.
You say, “I don’t think the property is worth $15,000,000 as appraised…..but I’ll still offer you $16,000,000 and you don’t have to go through with the foreclosure process on the property.”
The bank might be happy to sell you the loan, because they don’t wanna deal with the whole bankruptcy and foreclosure process.
So you might be able to buy this $20million dollar loan at a SIGNIFICANT discount at around $16million.
Now if the property forecloses, YOU get full ownership. You can usually put in just a few hundred thousand dollars to increase the value of that property to $18million. So now for roughly $16.5 million you sold a property for $18million.
You just made $1,500,000 in profit in a super short amount of time.
The stars have to align for this to happen, but I’ve seen it done.
SF TECH GUY:
“HOW WOULD YOU MAKE AN EXTRA $1,000,000 IN A MONTH?”:
But if you break down one million dollars, it requires an investment of $10,000 from only 100 people.
Like….you just need to have 100 customers for something. That’s doesn’t sound totally unreasonable.
An interesting way to look at how to make $1,000,000 in one month would be to break down the numbers, for example:
Using this product pricing calculator you can work backwards:
If you sell a product, to make $1,000,000 in one month:
- You need 5,000 people to buy a $200 product.
- You need 2,000 people to buy a $500 product.
- You need 1,000 people to buy a $1,000 product.
- You need 500 people to buy a $2,000 product.
- You need 300 people to buy a $3,333 product.
- You need 200 people to buy a $5,000 product.
- You need 100 people to buy a $10,000 product.
- You need 50 people to buy a $20,000 product.
- You need 25 people to buy a $40,000 product.
- You need 5 people to buy a $200,000 product.
Breaking it down in this way can makes generating a million bucks far more attainable.
Can you sell 100 people a $10,000 product or service? That would be $1,000,000 in revenue!
It might be difficult to do this from scratch, but thinking about this problem backwards can really help you plan out how YOU would make a million dollars in a month.
Hope this $1,000,000 exercise stretched your mind a bit! Go through the comments below, there’s some good suggestions on how people would make a million dollars in a month. Also comment with the way YOU’D make a million dollars in a month, or how you’ve seen it done before.
Sincerely,
Neville Medhora – A Kontinuously Kurious Kopywriter
Interested in seeing how others would make different sums of money each month? Checkout everyone’s answers for:
- How would you make $100 in a month?
- How would you make $1,000 in a month?
- How would you make $10,000 in a month?
- How would you make $100,000 in a month?
- How would you make $1,000,000 in a month?
P.S. If you need help coming up with million dollar ideas, use this Business Idea Generator to kick around some ideas! Or if you start a membership program use this recurring revenue calculator to see how much to charge people per month to make a million bucks.
P.P.S. Comment on the post with your plan/scheme/plot to make $1,000,000 in about a month, or how you’ve seen someone else make $1,000,000 in a short period of time.
I have actually made 500.000 € in a month, but I also have lost 500.000 € in a month. Does that count? :)
FOREX TRADING….. Very Aggreesive…… Risking 75% of Capital per Trade., Double your Money in 1 Trade….. there is upto Successful 15 Successful Trade per Month. $100 tunrs into $1,000,000 in 1 Month……. I think George Soros are More Better Trader than me…… If You Accurately Achieve 90% to 100% Winning Percentage, you can do a High Risk High Return with more successful, and can achieve upto 10,000 fold of $100.
Here the real facts
be a leader,don’t suck where you eat,
who cares about the weak I do,
any man try’s to bring me down
and there will be many even women
just continue to control and know how to lead
never think about money as it grows
if you do the right thing some one might try to get you doing wrong kick them out now
no cry babysitting or crazy cry baby kick them out now first 100 people that is a lot have 10k
clean no dirty mind or cash
i see blood money I just might kick you
lock the safe 1 million is in the safe
now stocks building no it land you want
make sure it value is worth over 1 million
and maybe have ties to future stocks
let the hundred be own the land
the money people the bigger the land
the land scape is for commercial big boys only
sit on the land if anyone one try’s to break up the family investors Apple PC central banks
the big boys it not about fast cash if about building a empire never get greedy you will lose your freedom sell the land the the right investors
with the capital never shield weakness never open the safe u less it a big payout for everyone
Sell a cheap and needful commmodity for $2 to 500,000 people.
I Love the way you guys think!
What I was thinking before I came here was an organization or, rather, an informal union of (n.) The dues, and any interest, would be transparent and univer and would include personal banking capabilities
but, what about the cost of production!
Honestly, I have no clue.
Well, actually, I do.
Right now I am making money with poker. Let’s say about 1k USD/month. It is not much, it is not too little. I think, it is ok.
So, my goal (let’s be realistic here) is to make 10 USD/month with as little work as possible. Which means, that I want to put maximum 80 hours per month to sustain this income.
How am I gonna do it? No idea, but you guys inspired me to take a risk and I am gonna be writing articles about my journey.
One thing is certain. I have to take as much risk as possible. I don’t even have much money in my account. But fuck it. Worst case scenario: I have to lend the money from my family/friends. And then, I will repeat the process. But, I will make different mistakes :D
Cheers and keep up making killer content!
Bro you so cool 😎
I am interested
I’ve been playing pocker (online)since 2012 till now but could’t get rich even in the game :(
you’re so cool men
CRIME FICTION AUTHOR
“How I Would Make $1,000,000 In A Month”
There are heaps of ways Neville. C’mon bro get creative!
‘The Hard Way’
Write an outstanding book the whole world raves about and movie studios are clambering to sign you. And did I mention TV breakfast show interviews? Too much hard work and only a small % of success. Let’s go something easier.
‘The Scammy Way’
Jump on Fiverr and get a ‘friend to make up some images showing a grapph of your rising book sales on Amazon. Couple this with a few shots of you sitting on the bonnet of a Bentley outside your mega mansion. Bookstores, publishers will rush you with REAL orders.
‘Deadly Way’
Threaten some hired profile people that you will name them in your next book unless they pay you a million dollars. Hmmm might cost you $2 million to defend yourself though.
‘The New Identity Model’
Modify your name to somebody already making a million/month in the book world and get some happy snaps with them – or at least photo shop yourself in.
Is that enough to get your started ‘Rich Uncle Neville’?
Interesting suggestions Neville by C T Mitchell but you should avoid some of these to ‘stay out of jail’……….unless you like living next to blokes called ‘Bubba’
dear benny,
teach me how you do it
Outstanding article, made me think of several ways, great feedback and examples. As you know I am an executive business coach, we do business and life coaching, speaking and online products, and other business services.
I’m also an author of two books. Connecting with your teen and Life is a Garden.
I will take on this challenge as of today, September 15, 2017 for the next 45 days, my outcome will be to make one million dollars. When I accomplish this goal every month I will double it.
I thank the author for this article, an everyone who gave amazing feedback thank you for changing my thinking and focus.
Much love and God bless to all…
Hi! Were you able to make that money?
Hi, almost one year has passed.. did you make it? (i may ask for extension if not done yet)
Fashionably late perhaps … but here we are. With a blue tee shirt and a blue KC Royals cap on even though I am a Mets fan. Go figure.
Chances are few will get to see this comment because of the dates and because of the moron who posted all the spam links prior to my post.
One million is a GiGantor number. So GiGantous that many comments I read were just folks just trying to be funny and amusing, but others were creative and actually DO-able.
Anything is possible really, when you put your mind to it. Awesome brain stretcher exercise NeVille. I really enjoy your blog.
For the record … what the bleep is a NevBox anyway!?!
You have to break down that number and consider it from a different perspective. As NeVille suggests break it up into manageable chunks and then look at your options. As my good friend Master Le would say “Smaaaart Man”. So think. Creatively. Consider the numbers involved. Numbers … Hmm … I like numbers (I once had to memorize all the zip codes in my state (CT), it was work related. Still to this day when I see a town / city name … the numbers (zip) pop into my head!!
Anywayyyyy.
Look at it in reverse. How many of this (number) do I need to get that (number). For example, if 50,000 people spent $20 on something (a very modest purchase price) that would be One Mil.
Where to find 50,000 humans? Well … at a sporting event maybe. Okay that was easy.
It’s baseball season right now and for the record my NY Mets are playing like chumps, but thousands still show up to Citifield.
So if we need 1 mil dollars in one month to satisfy Nev’s criteria what product or service can we come up with to offer?
Thinking further. How many teams are there in MLB? Correct – 30. So on any given Summer night there are about 15 games, but let’s just say 12 games as not every team plays. 12 games with an average of say 30,000 per game (2016 average tickets sold per game was just over thirty thousand) gives us 360,000 in attendance in one night. And let’s just say maybe only 5% of fans will respond to our offer, so that’s 18,000 fans.
And a week or so later, we do the same thing but thinking in terms of the OTHER 12 games featuring a different home team (different stadium) but now 10% of fans respond to our offer, so that’s 36,000 fans. (further marketing efforts and word of mouth advertising, etc)
Quik review:
Week one, from our 12 games we have 18,000 responses/orders
Week two, from our 12 baseball games (from different stadiums) 36,000 fans have responded/ordered.
Now we’re cooking. Are you with me?
(For the record as I write this I still don’t know what product/service I am offering to these patrons, but the wheels are turning in my brain and as you can see the numbers work so far!)
So I am thinking a product (rather than a service). So give me a minute or two. Okayyy looking over my shoulder like that won’t help me!
Alright. How about this Charlie Brown. People go to games all the time. I go every now and then and I save my ticket stub. I am sentimental. Especially if you are a kid, you would save your stub to remember the great game and the fun you had. Right? I have ticket stubs from Yankee and Mets games from years ago. I have also misplaced a few of these ticket stubs over the years as well. Also, now that I think about it I really don’t remember who won the game, or who the pitcher was, or who hit a home run (other than Reggie Jackson) … ya know things like that.
So I think of a cool nifty website name (CoolNiftyWebsiteName.com) and I get a developer to assist me in setting up this website (a VERY minimal cost upfront when Mr. Developer sees the dollars on the back end). The idea is that folks (only 5-10% remember) take a picture of their ticket stubs and upload it to my website. Here, you the fan, have access to it anytime (think cloud) and we include all the relative info about the game so you will never forget the details (like I did). AND, you can do this an unlimited number of times for the entire season (i.e. many different games if so). AND, for those of you who caught a foul ball, take a pic, upload it, we will also send you a framed picture. I’m diggin’ this so far!
All this for a one time seasonal price of only $9 (yep that’s all). Now the numbers. 18,000 plus 36,000 – times 9 bucks is $486,000. A bit short of our goal I know, but stay with me Johnny Utah. So we offer an UPSELL because you’re already spending crazy dollars at the ballpark for hot dogs ($5) and beer ($7) so why not spend a bit more than $9 for a one season deal. For just $19 you can have lifetime access, unlimited uploads of your ticket stubs, all the nine dollar perks as well, PLUS any sporting or concert event ticket stub that you go to for life!!!
18,000 plus 36,000 (that’s only 5 and 10 percent responding to our offer) is 54,000. Multiply that by 19 bucks and we have $ 1,026,000.00
With the extra $26k you would payback any initial marketing expenses.
Winner winner chicken dinner.
Why would someone pay me to upload a picture of THEIR OWN ticket stub? Let me answer that with another question (I often do that and it drives my friends bananas). Why would someone pay for satellite radio when the actual car radio is absolutely free? Umm … and how many millions was Howard Stern’s satellite radio contract?
Upfront marketing costs would have to be worked out of course. Maybe it’s $1,000 to advertise on a scoreboard for ten seconds or so, and maybe initially you need to go to a hard money lender for a loan to cover marketing (similar to a money lender in Real Estate who funds property rehab deals). And maybe you FaceBook the hell out of it too, and you can even do some bootleg marketing at the stadiums. Teens/young adults in tee shirts with the site name giving out flyers, etc.
So costs upfront seem to be manageable. Big Payout at the end. As I mentioned earlier anything is possible when you put your mind to it. One million dollars is just a number. Go Big or go home.
“The Wizard is coming out from behind the curtain soon.”
Disclosures:
Yes, I was writing this and thinking about an idea at the same time.
Total brain investment time just under an hour.
Yes, I always add in characters to my writing / thoughts.
Yep, I am a Mets fan.
Yep, I do know all the zip codes in CT
~ JIMMY
✨✨✨✨
I would love to work with you please .my handle hayazy13@gmail.com
Fantastic. This is the best thing I’ve read all year. Can definitely be used as a template of sorts for good business👍👍
You forgot – you need to pay for the players to play(big bickies), third party accident insurance, cleaning costs, venue hire, control management personnel etc.
Unfortunately, life gets complicated.
Hey Neville,
I would do this the Gary Halbert way. I would first find a starving market, create a product better than the top performing, and write great copy that sells.
Gary used to sell through direct mail but we can use advertising which is much cheaper, more accurate and reaches a wider audience.
I think this might work. With online ads, you don’t have to wait for the traffic to start kicking in on your website.
I think Ryan of DigitalMarketer.com did something similar with his Survival niche website.
I will actually try doing this in a few months.
Thanks,
Mohit Gangrade
Create a discussion thread like this, let it heat up for 25 or so days. Once the audience is picked up start charging 50 cents a day per email address. You would need only a sum of 2,000,000 people.
I think this pretty doable, especially if are a YouTuber or something with an already existing audience.
Create a corporation and get regulated as a financial institution. Most credible jurisdictions are acceptable. Locate a DVP custodial relationship. If you can’t get regulated follow the next steps and then cut a deal with an authorized entity.
Research the stock markets in frontier markets with companies poised to IPO. Open a DVP trading relationship with a local brokerage firm who sponsors deals. Morgan Stanley etc., won’t touch you – a country specific and politically connected hungry local firm. Get to know your the right broker. Really get to know him/her.
When the big IPO comes determine the expected upside. Work a deal where you get allocated enough to generate 1mm profit. Make sure the deal will be liquid and due your best due diligence that the deal will work.
(A deal with a 25% expected upside would require 4mm allocation.
On listing day sell sell sell.
Because you are settling DVP you never have to pay for the shares. Your buy nets against the sell. Your realize 100% of profit. You eat 100% of loss.
On the loss deals never go to zero. Failed deals are flat or slightly negative (unless you really blew it on your due diligence or there was a true black swan event on listing day). So if your 4mm allocation was down 1% your lost 40k, 5%, 200k. (Of course if you didn’t settle you would lose license and firm bankrupt, but still, risk is limited).
This can work. I’ve sat in private jets of people who have done it.
So the setup will take a while and really not much of an investment. However you can make 1mm in about hmmm 5 minutes.
Apply for and get a bunch of high value credit cards. Take a cash advance out of all of them. Use that as a prize and sell raffle tickets at $100 each. Every ticket over ten thousand pays back the cash advances.
Another way is to write a book about having to do the same task or one would lose custody of their children. Sell twenty thousand copies as an ebook, done.
Finally, one could listen to their customers and provide a product or service well needed and for which folks are willing to pay. Make it sell ot ship it done.
I think it unlikely you can do this on your own – but there were guys, and probably still are, who make $1,000,000, or more, with a product launch. So – theoretically – if you produced a first class original product that solved a common problem and could offer an irresistible deal, for example most of the money and maybe also the branding kudos, to such a person – then maybe they could flog enough units to make your million?
You must understand to a certain level of intelligence and business concepts and how the rat race has been set for the majority of the population who is too lazy to actually do the right thing, I personally know people who make many many times more than that.
However it know it is the catapult that provides you with the initial push of momentum that defines how fast you can climb at first. Only things required for success are an Opportunity, the right time and market, in the right group at the right location with the proper preparation and of course HARD WORK!
Honestly Guys and Gals please realize that $1,000,000 is a prehistoric late 20th century measure of wealth, besides defining an income in a time frame as a ratio is the clear measure of employee mentality, allowance handouts called W-2 Interest free loans to the Government for the remainder of the year. I know individuals that make 10 times that amount in the same time frame, but even if i Showed anyone how to do it, they would find some chicken shit excuse as to why “its not for me,” or “its a pyramid” or some other excuse like “its too hard”.
I was taught to work until you make it. Then you can relax, build businesses and other people so that they may partake in a success story like yours.
“Jack Ma” Worth a little over invested $100 Million in multiple businesses and then borrowed money for rent. Talk about a belief level. Now Jack is worth $25Billion Dollars.
People who remain with the mentality of negative understanding and skepticism will be left behind in the income increasing and new business concepts like Uber has done with the taxi cabs, even it allows for you to recruit other drivers in a bid to receive a $500 Bonus. Of course they may also refer people to Uber and make a $500 Bonus as well, an ignorant person would call this a pyramid too. The difference is really the fact that in Mlm type companies everyone gets a fair shot, but not every one can do this type of work. Many people want to make 7 figures but aren’t willing to change their thinking and so they remain small thinkers, in the great land of opportunity, what a shame!
As an expert in outsource to freelancers I would hire a freelance salesperson to sale $4,000,000 worth of products in 30 days with the agreement to pay them $1,000,000 that would leave me $2,000,000 to pay the product supplier and $1,000,000 profit for me. That $1m. pay for $4m. in sales comes out to 25% commission and in the sales that is high commission.
As an expert in outsource to freelancers I would hire a freelance salesperson to sale $4,000,000 worth of products in 30 days with the agreement to pay them $1,000,000 that would leave me $1,000,000 to pay the product supplier and $1,000,000 profit for me. That $1m. pay for $4m. in sales comes out to 25% commission and in the sales that is high commission.
Jamie,
What kind of sales your are in a month for 4mil?
After watching John Oliver the other day, I would spend $60,000 to buy $15,000,000 in bad debt and then collect $1,060,000 + whatever collections charged me.
i would get as many c.c offers as i can take the money out go to casino play roulette id pick 2-3 numbers startiing off with $50 each and play 1st or 2nd or 3rd starting at 200 with the odds as long as you have about 10 grand to start you can do this each time you lose double and add 50 on 1-2-3 with just the numbers add after every 20 spins when you win on the number half aside do it again this method you will win mite be boring and take many hours pending on what you bet go to high take the chance of loseing but wait till you hit the nubers a few times key is stick with the same 3 numbers
Thought the idea was to EARN a million, not turn you into a casino junkie and lose your shirt followed by your house.
You tactic will not only leave your best child in the hands of the kidnappers, it will also mean there is no longer a home to come back to. The poor child will probably be sold to someone else while you walk the streets wearing a bin bag shirt.
MISSION FAILED
I wont do this but ive seen it done. Im sure I would have to offer up a huge cut, but…. Have the pastor of a mega church with 50k members ly handson your head and say that said he wants me to have 1 million, who in the congregation will help. Then convince 1000 people to donate $1000 plus a few extras to cover the pastor’s cut.
Well, if I wanted 1 million in a month…
I would start of with a penny and try to double it every day for 30 days. That is about 5 million. Oops, I have 4 million to much… Oh well, here comes that new gaming PC!
0.01 Double every day for 30 days is $11 million
Good idea but I would rather start off with $30 and x2 this every day for 15 days and earn $1,146,880
Unfortunately, in economics this is a daily increase of 200% which is hard enough to find one, never mind 15 in a row. The only way I can think of is what the dude above you said… The Roulette wheel
Put $500,000.00 on black or red
It’s pretty straight forward.
You define what you want. In this case, $1,000,000 USD within 30 days. Generally it’s not good to slap a time constraint on a goal, but it can still work.
Then, think about the goal, with clarity, and experience it in your mind. Focus on this goal until you feel extremely extremely good about it. You want lots of excitement, eagerness, enthusiasm, and ultimately, feeling like you’ve already got it, like it’s already yours.
You just keep that excitement and eagerness going day after day and the next step to get it will present itself to you at the right time. To do this right, though, you’ve really got to BASK in the amazing feelings for most of the day, every day.
Action is likely necessary at some point, it’s just a matter of inspiration and timing. Due to the nature of the universe, we never know the best way to achieve anything, so we’ve got to basically ask for what we want and have the BEST possible next step show itself to us, THEN we can take action.
Honestly, IMHO, this is THE best response I’ve heard so far!
That is the one and only way – the LAW OF ATTRACTION! Which you explained very well.
Or you could stick an old pair of sandals on ebay and claim they once belonged to someone ancient and well known like Ghandi. Start the bidding at $500k with a buy now option of $1,000,000.
When the auction is live, PR the shit out of it. Media queries, social media advertising and of course contact every mainstream news organization you can manage in 30 days. Done correctly this will work every time.
Rob a bank! Hey maybe be an escort to rich people. Could do both. Finally I’m going be rich!
Sell as 40 Million USD Home for 3% Commission Rate = 1.2 Million USD.
Has it been done? Yes, saw it a few times and we’ll never know it through google as deals like this are VERY discreet.
The commitment must be total. The money-making environment must be completely modern (as in 2000+) because you are starting from scratch. It has been done, basically turning a good idea into a river of money. It has been done and more often than you think with some pretty kooky ideas, but in all cases the commitment is total.
I would take a great idea and launch a kickstarter campaign to raise $10,000 and go 24/7 after funding with an innovative idea. I would mean pushing the envelope personally to become a tech-savvy kickstarter launcher in days and pushing hard.
The ultimate example of this is the record-breaking kickstarter campaign designed to raise $10,000 and ended up raising $8,782,571 ( !!! ) … for a card game ( !!! ) … a weird card game called “Exploding Kittens” ( !!! )
Here is the link to the kickstarter campaign page for the exploding kittens:
https://www.kickstarter.com/projects/elanlee/exploding-kittens/description
Hard to believe and hardly the only successful one. Recently a kickstarter program to just bring to market a superior kitchen knife asked for $25,000 and ended up raising $1,083,344.
Here is the link to the kickstarter campaign page for the MISEN knife:
https://www.kickstarter.com/projects/misenkitchen/misen-cook-sharp/description
Now the deadline is flexible and one month is too short, but when looking at a million for one month, you are in reality looking at a million in a short period of time.
Exploding Kittens was a simple cashing in on The Oatmeal’s fan base.
It may or may not have been a great game, but it certainly isn’t a 100x better than than the many that fun in the $40-$80k level. It is arguably not as strong of a game, or as fun of a concept, as some games that fund at that level. But when you have as many loyal readers as The Oatmeal, you can leverage that to push a Kickstarter to crazy heights.
You could start a Kickstarter to raise cash to promote another Kickstarter which is there to raise money for another Kickstarter. Do this 100 – 200 times and you have a small network of Kickstarter that all funnel cash to the first Kickstarter that is only asking to raise $100 for a pair of fancy socks.
Spend $50 on Fiverr to get fancy presentations, nice graphics and professional sales pitches
Step #1 Rephrase Crisis into Opportunity
Wherever there is crises, opportunity exists.
This is a risky gamble, as it can make you loved and hated ALL at the same time.
#Step 2 Act Fast
Usually during tough times, most people site on the sidelines and complain how the world is coming to an end, the government isn’t doing enough, blah blah blah…
Take a look at the Syrian Refugee crises. Over 750,000 have crossed into Europe. Governments of European countries are spending millions, to take care of all this. If you could save Mr. Government $1.3 per refugee, by solving an inefficiency, or sourcing cheaper relief goods. That’s $1M.
So find a way, get viral, get your friends, colleagues, everyone you can think of and build up a campaign. ( Think back to 2012. Spread like wildfire. Don’t know where it’s reached. Started with K, ended with Y).
Get in touch with billion dollar companies, give them publicity, make them look good for sponsoring your cause. Get volunteers to multiply your efforts.
Donations can reach Billions in crisis like this. Billions with a capital B. Estimated donations for Haiti earthquake total $9Bn.
Respond quick. Be the first on the scene. Keep a tiny-part of the profits (keep this discreet). You’ll be doing a lot of good, but still be known by some people as the guy who kept $1 million worth of profits from needy people.
Good luck :)
Well it is a difficult tasks usually for everyone. Almost impossible.
But there are multiple ways we can get money from.
1. Solution for rich people, buy casino(need a capital investment) at las vegas. Give a scheme to people who play at casino. Scheme of 20% cash back when they lose. Obviously many people will come to play there than before. For instance – 80 people loses money out of 100. Giving 20% cash back to 80 people of what they lost will bring more 1000 people to play. In the end will be much more profit.
2. For a banking company, give the scheme of opening bank account at 0 cost. Then give loan features to those people who had made account in bank. Loan for short term with very less rate of interest. In the end gain profit.
3. Contact NGOs to help to gather money to save kid.
4. Money making plan in short term. I have a big plan for self which is long term plan according to my situation. I won’t share that because it is not wiser to give own idea to others and loose own plan roots. )
And clearly if anybody kidnaps kid, he will also see first before kidnapping that how much money I can get from the family.
I would like to take part in this amazing idea of making a million dollars ina month. I am student at a distance university in Zimbabwe.
First you need an email and a prestigious title. lol
I have been burnt more times than I care to remember. I sure could use that money to pay all my overdue bills off. I am so in the red right now that I cannot even answer my phone without a bill collector at the end of the line. My arthritis makes it hard to work for myself. I live off of family but they are saying they are running out of money so I do not know what to do right now. I could have helped myself and so many other people if this were true. I do not have anywhere to go right now and I am grasping at straws. I am a good person and I help others all the time. What would you suggest?
With all due respect, the fact that your talking/thinking like this is why you’ll never get out of the red. Stop talking/thinking negatively and start think positive. Think solutions. Think creation. Talk in terms of “how”.
Hmmmm… This is where the math needs to make a ton of sense, ’cause now we’re talking crazy and I like crazy.
I feel like talking about this type of stuff is the best way to ‘stretch your mind’, so:
$1,000,000 is 1,000 1000’s. Now, getting 1000 people to give you $1,000 inside of a month, short of a software or service going viral is a tall order. But 100 people giving you $10,000 is much more feasible… Since you’re already asking the people you think would have the best shot at doing it (software, real estate, investor/finance) I’d focus on creating a piece of software that could help solve their very real, very expensive problems. Are they having a problem with accounts receivable? How about properly charging freelancers? You just have to find something that will solve a $10,000 problem. Then find where they are hanging out online (Linkedin, probably) and go HAM with outreach. Obviously, your marketing is going to have to be SUPER sharp, but getting 100 businesses out there to believe that you software could save them $10,000 over the longhaul CAN happen, and that’s what we’re talking about, right?!
3 ideas to raise $1mm in 30 days.
I am currently pursuing the 3 of them.
1) How to turn $10k into $1mm in 7 yrs but only working the initial 30 days.
Research rising startups in my niche. Invest seed capital with them. As less as possible, since the only goal is to get in contact with ceo and key people. Interview them separately to find out what resource they are missing. Then find out who else might have the solution to accelerate their projects. Finally connect them all. You will be orchastrating their success and you can get prefered stocks.
2) Today everything is ecommerce, either b2b or b2c, so be part of it.
Start an b2b ecommerce biz in a niche. Tell suppliers you will always pay with delivery. Since your are newm that is the only way to buy from them anyway. Find prospects and offer a 10% discount. So your margin will be less than anybody else. You keep lowest prices for one year to develop the relationship with both suppliers and customers. Then you raise prices and offer backend offers to increase margin. Once profitable, you can sell it to a competitor or to the best supplier to integrate vertically.
3) Umbrella corporation. Build a list. Cross promote. Backend sales.
Start your ecommerce biz in a niche. Go to 10 complementary suppliers to deal with. Offer 50% of profits if you bring them a new backend sale to his list of customers. Build an aggregated list with the 10 of them. Cross promote those business. Send NevBoxes to everyone after the first sale. And Keep improving my saleskopy.
Regarding the kidnaping. I will explain to my suppliers or partners my problem to raise the money from them in exchange of stocks in any of these 3 business.
I would double a penny everyday
I just have 100usd. I invest it to trade I am strong signels and platforms in my trading system so their is a few risk with few hours or minutes its make 40% 90% profit I do trade it with full day. I think it gets 8hours. the same day I do my freelance and online job. I think I earn 2000 or more in one day. with 1 week I got 10000usd. then I invest as a broker I hav3 many clients and commisions the I touch the real estate with 4 weeks I got the target
Dear Mr. Medhora,
I have no idea how to do this but I really want to thank you for running these. I have been clicking on highlighted links and learning a lot of tactics and tips I never would have known/thought about otherwise. You really are turning this blog into a real “connecting” platform. Hats off to you and I wish you great success.
PS: You are very generous, I’d probably charge people to comment with their business links. :-)
I will make a course for Corporate Lawyers on how to get leads from LinkedIn.
Price it at $2.000 for the whole course.
Then I will reclut a power team of legal influencers with large audiences.
I will offer them a 50% commission per sale. That’s $1,000 per sale.
I will follow growth hacking to build
social triggers and Jeff Walkers PLF to rock the launch.
I then need 1,000 sales.
Thanks!
Laura
It’s weird that you brought this up. I’ve been trying to come up with 2 million to open up a factory to manufacture a new brick I invented. It’s going on 6 years now. If by chance I do ever get my amazing new bricks to market, I know that I can make over a million a week! After all no one orders just 1 brick There is over 32 BILLION bricks sold in the U.S. alone and only around 20 factories here. My bricks can be placed even by kids. They don’t need water or cement, and get this. They float on water so they can be easily transported anywhere in the world. When I get my factory going, I can produce over 1 hundred thousand bricks every 4 hours. If I can take just 10% of the brick market in my first year, I can make in the billions with no worries.
Good luck on your making 1 million. I’m going to have twice the trouble coming up with 2 million!
P.S.. Where do I send the flowers?
I want your bricks. I am from India- New Delhi. I can sell your bricks. show me the bricks and we can see how we proceed further. My contact no. +919015830789.
this is my email id too. sumitdahiya2535@gmail.com. waiting for your reply soon
I would market your breaks sire ,it would make wave in Africa at may be a low capital rate and high income#hayazy13@gmail.com
Low cost in production and high cost in profit making maybe
So Mr. Benny Big Bucks, for your bright idea I’m asking you for $100.00 bucks!!! Reason behind it, that I actually learned and that alone should be rewarded hahahahaha ;) Love your comment!
When I was younger, my father would post ads in the newspaper. The ad would say – “Make money in newspaper ads, send $2.00.”
When the order arrived he would mail a photocopy of the same ad. A purchase was made, and a product given.
First off, the kidnappers isn’t all that smart, if they had done their homework they would have known that you didn’t have the million dollars in the first place! I would come up with about half of the million, because come time of the transaction, they already proved to be a bit off in the first place. They won’t stick around to count the money even if they can count that high! It’s a common police tactic. So you just cut the ransom in half. Has a lot to do with profiling.
Some people are going to negotiate even with Saint Peter when time arrives.
I know how to do it and I’ve done it several times, but it’s a closely guarded secret. For $1,000,000 I’ll tell you though.
Rico
Jajaja!
You could just ask for a million dollars on the Internet and you might actually get it…
Hey, they say healthy people ask for what they need!
Ian, would you kindly give me one million dollars please? ^.^
Just saw this. Here’s the plan. People who make a living kidnapping are not too smart – retirement comes early. Explain to the thugs that anyone who deposits $1M in a day, or even over a month of days, draws the Fed’s serious attention. You can even show them the law that shows banks have to report the deposit. You are going to deliver the funds and do them a favor. Purchase a high-yield, high-risk stock/bond with a $1M payout in, say, 30 years. Show them some market that has consistently made say 12% APR per year. These are difficult to find going forward but easy to find looking backward. Now you have reduced the cost to about $28k (assuming monthly compounding) or about $1k per day – chump change by comparison to the $1M – and the thugs run less risk of getting caught for the next 30 years. Everyone wins – and you can probably find the thugs if they register the stock/bond.
I know this post is old, but I would play the game bigger or better and try to trade 1 to 2 times a day until I got something worth $1,000,000. Then I would sell it.
You kidnapped my kid? I will go for crowdfunding.
I hang his cutest photo, probably in a family scene and a text like “Please help me save my kid!! I have 30 days to get 1million” I’m pretty sure people will help. Although it’s not a business but you have your million $.
I think that I would team up with those friends who are good at creating Android Apps and programming, then I would look up and find out which Apps and games do people like the most, after that we would design a viral App that could stay at the peak of play store for at least 25 days…
this is the best idea I could think about
OR
learn how to hypnotize very rich people and persuade them to transfer 1,000,000 $ to your account ;-) :D
Hey, I am a high school kid. I am wondering how would I make money without getting a job . I am obviously not allowed to buy real estate or stocks. Got any ideas? I know one of my classmates made a game that makes him 2000 every three weeks. (no ideas like babysitting or dog walking I want a business idea)
Hi Chuck, there are 4 simple ways to make money:
1. Buy and sell stuff for money.
2. Make and sell stuff for money.
3. Provide a service and sell it for money.
4. Learn a skill and tell people about it for money.
On top of that you have:
5. Invest money on the promise of a return. – You need money to get into this.
From what I understand, Nev started with number 1 (light up and glow), then moved into 3 (copywriting), and then 4 (consultancy).
I started with 2 (making silly little websites for a company) then gradually moved up to 4 (training and consultancy).
The key thing is just to start with something. You have to learn to hustle. Buy gum wholesale and sell it at a profit, mow lawns, go house to house, buy antiques at boot sales and sell them at a profit, buy electrical goods on Black friday and sell them at a profit. Buy umbrellas from the 1$ store and sell them when it’s raining for $3.
All of these things will build your persistence, character and confidence in your entrepreneurial ability.
The thing is, ideas are cheap and plentiful, everyone has ideas, but not everyone has the bloody minded persistence to take them through despite hardship, stress and uncertainty.
Best of luck with it.
Good summary. What is your winning formula so far?
please TRUST me, the best thing you could do is to start learning programming for windows or Android, then try to design a VIRAL App like Angry birds, after that you could put an Ad on your App and gain millions!!
OR
try to become very good at some science or special skill.
OR
try to become famous and well known
That would indeed be a good thing to do. There is a massive shortage of competent programmers. If you get really good at programming you will likely always be rich and successful.
Don’t underestimate the difficulty of creating a viral app though. Angry birds didn’t just happen. For every successful app there are hundreds of credible flops that get a few downloads and then disappear forever. That doesn’t mean it’s not fun to try.
If you want to go the programming route, you could do worse than starting with web design. Plenty of people need a website, and will happily pay some kid $200 to build it for them. You’ll learn about HTML, CSS, maybe WordPress. It’s a good foundation that can lead to bigger things.
If you’re highly skilled and credible, and have a track record, you can easily sell a website for ten to twenty thousand dollars. If you’re good enough you can probably build that site in under a month. That’s a pretty decent wage.
It’s a long term strategy though.
Best of luck with it.
Hair loss
I’d use my ESP to win at poker. I’m worried about karma; using my powers for personal gain, but in a “Taken” type situation it wouldn’t be for personal gain it would be to save lives/a life. Yes, the “what goes around comes around” is completely true. I’m not sure why; fate or whatever, but whenever I use my powers when it’s not necessary or just in good fun, things turn to shit. Bad stuff happens. People get hurt in some way; physically sometimes emotionally because of a domino effect I accidentally triggered; after so many times I just sorta quit using them altogether; not even sure if I could stir it back up if I wanted to. Meh, I’m sure I could it’s not that complicated. It’s just sort of an innate fear of using them now and so I tell myself I can’t.
Thanks Neville for this amazing exercise..Loved it!!
i am thinking about the idea, will surely come up with good one and let you know..
Was wondering how many of you guys are really executing..
Well, first of all… What’s a ‘NevBox’? I mean, I would think the first half of this item is named after you (duh, right?), and everyone knows what a box looks like, but then again, boxes can also come in a variety of ways, such as your 3-, 6- and 8-sided polygons (aka: triangles, hexagons and octagons) but what is it, really? You’ll have to tell me exactly what’s in it? Perhaps, I may be ignorant due to the fact that this is my first time reading the most interesting bit of information you’ve provided (to me, at least). So, I’ll plainly apologize to you now and to your readers, some of whom I’ll agree when they say that I’m having a brain-fart or that I’m dit-dee-ree-duh! LOL
Well, if I had to come up with that kind of money within 30 days, I would do it illegally. I mean after all, this is one of my kids you’re talking about and what parent wouldn’t go above and beyond to get their kid back, right? Now as far as illegally, I certainly wouldn’t tell anyone because I’d get caught doing it – duh! LOL
Find a way people are making $10k a month and sell the method for a $100 commission to 1000 people.
(works 1x, but potentially could work longer if I could also sell the re-sale method along with it for future commissions)
(Okay, now I have to ask myself wtf am I not doing this?)
Yes, you can sell the rights but main cities and add scarcity to bring the first 1000 fast. Awesome
Dude.
If i compiled all the comments and made it a premium course from the very first post
it worths more than a millon dollars
I should have seen this thread from the start, but I didn’t.
In keeping with current events, I’d run for election and raise a ton of money by appealing to a core group of political nutjobs with money. I would tell them that so-and-so on the other side wants to take away their (fill in the blank) if they get elected, but I’ll support their rights to have (fill in the blank.) Then after airing some commercials and spending part of the money (through an ad manager that just so happens to be a newly formed corporation that I am the CEO and sole employee of) I would suddenly drop out of the race citing personal reasons, and as the CEO I would pay myself a big $1,000,000+ bonus and declare the company bankrupt.
It may not be honest, but 1. it gets the job done, and 2. It’s a time proven method.
In reality, I would hope I could come up with something a little more honest than that. I always felt that two items kept me out of politics – my inability to lie with a straight face, and this tiny little item called a conscience.
Brilliant!
I might have stolen this idea from a movie:
1. Make an energy drink called Average Kok.
2. Sell it to the masses. Use a very low entry price so everyone buys it. It doesn’t matter if it’s not profitable at this stage.
3. After everyone drinks Average Kok, rally a group of celebrities for a presentation where they all receive 1,000 Koks with their name on it. These are no Average Koks, these are unique :)
4. Tell them to give their 1,000 Koks to their rich, cool friends (post Instagram pictures with it, etc) so everyone wants one, but they cannot buy one at the store.
5. Sell some stores these unique Koks on one term: they can only sell these to people who bring in an empty bottle of the exact same Kok. E.g.: You can buy a Kok with Taylor Swift’s name on it only if you bring in an empty bottle with Taylor Swift’s name on it.
6. Now everyone wants these unique Koks. Make the price really high and profit!
To save my good looking kidnapped child, I would make a list of 200 of the most interesting cities in the world – US and abroad. I would then find amateur photographers in each of these cities who have a large databank of fascinating photos of these cities. Working together with my husband, my ugly child and about 10-15 unpaid interns/students, we would put together an ebook for each of these cities. I will offer the photographers a royalty of 70% of sales starting with the sales made in the second month (after all, I only need the $1million in the first month). I would tell them that I need to recoup my production costs before they can get royalties. Also, in the second month, I could start paying the interns.
Why travel books – well winter is approaching and people like to plan their trips in advance so these books will help them plan. Also, people who can’t afford to travel probably won’t mind spending $2.99 so they can daydream about travelling.
I would enrol the books in Amazon’s KDP program so people could not only buy the books, but they could borrow them and I would get a royalty. I would set the price for these books at $2.99 so I would get a royalty of about $2.00 for each sale and $1.50 for each borrow. Assuming that I have 200 books and get a royalty of about $2ish per transaction, each book would have to sell/lend 2500 times to make $1million.
To promote, I would do the following promotions on the books:
– 10 books enrolled in the 99 cent KDP promotion
– 10 books enrolled in the Free KDP promotion (I would promote the heck out of them on those free book promotion websites)
– 1 book as a lead magnet on my website (i’ll get to that later)
These promotions will get thousands of downloads (I did a promotion on a really niche book a few months ago and got almost 1000 downloads in 5 days). These promotions will kick the books up the Amazon charts which will cause lots of sales after the promotion ends and each book will link back to my WordPress website and will also mention that there are199 other books in this travel book series.
Also, I think that you can pre-sell books on Kindle now, too. So, I would potentially be able to make money even before the books are written.
Once I lead buyers to my website, I will get their email address using a lead magnet (which will be a free pdf of one of the books). On the site, I will have affiliate links to various airlines, hotels, travel luggage, etc. I will also get advertising revenue from the boards of tourism in different tourist destinations.
If all this wasn’t generating enough revenue, I would publish books about another 200 cities. What I like about this strategy is that
– there are virtually an unlimited number of cities to choose from
– once you draw someone in with one book, you can entice them to buy the others
– if people like your books, they visit your website where you will have your affiliate offers and advertising
So now I have 3 revenue streams
– Royalties (Steve Scott has made up to $60K in one month with about 20 books, so if I have 200 books, logically, I could possibly get $600K in royalties. But then, remember that I expect to have repeat buyers – people who bought 1 book and return to buy others.)
– Affiliate revenue
– Advertising revenue
I may also want to do a partnership with travel websites, hotels, etc. if I am not making as much money as I need. Gotta pivot quick to save the kid!
so, that’s my business plan for $1million in one month
Reply
Thanks Neville,
After Bartering my way to fifteen different 5k to 25K Bootcamps and seminars
by selling 1.2 million worth of seats… starting in 1989…
The pocket of self made millionaires I met there – have referred me
all over – because I Make them munny. In Part of our business we collect and share how each self made millionaire really-truly makes munny.
Strategies that don’t get put into books.
So – I have more than one – Often entertaining – 1 million in a month story.
=============
=============
“How Cuthbert in Australia Made a Million Dollars in 15 Minutes”
60 seconds of background.
ONCE UPON A TIME – Cuthbert opened a Teddy Bear Store and one week before he went Bankrupt he spent all his money on an ad in the paper.
“FREE Teddy Bears – One Per Family”
The article went on to say, “Your Little one is growing up fast. Soon
your pride and joy will be -Out of the house- going to college.
But right now. She is huddled in bed – All alone. Afraid of the monster
in the closet. Or he is terrified of the Monster under the bed.
Remember when you were a wee little rascal?
The monster under YOUR Bed?
Well, we can help. This weekend only (Starting at 8am Monday) – we are giving away a Free Teddy Bear – One per Family to everyone who shows up at our ________ store location.
============
Loooong Lines the next day.
Cuthbert tells me he was late to work because of a Traffic Jam.
(HE CAUSED IT.)
To Cuthberts SHOCK – he started making munny! Because most parents
in line had more than one child. To Avoid Yelling and Screaming when they got home – Dad or Mom – got one Free Teddy Bear And BOUGHT 2 or 3!
Cuthbert ran more ads. Did a radio interview.
THEN ONE DAY a man showed up and asked an ODD QUESTION.
“Do you have a Systems Manual? Directions for Employees with answers
to anything that can go wrong?”
Cuthbert held up a ragged 3-ring Binder. “YES I Do. Shelly forgot to lock
the door and turn off the lights – so I sat down and wrote one.”
The man says, “Congratulations.”
“Sign this Contract and pay me 18 dollars. I am going thru one Hell of a Divorce
and The hellcat I married is not going to get one penny from me. Because
I’m selling all my Teddy Bear & toy Stores to You for 1.00 Each.”
The man said, “I came to you because I liked The way you are helping
so many families and kids by giving away Teddy Bears.”
Thus it came to pass that Cuthbert got 10 Toy Stores for 18 bucks.
Elapsed time to Multi-Millionaire Status?
15 Minutes!
Thanks,
Glenn Osborn
I would design Halloween emojis for Kakao Talk (~70 million users). I will price it with 0.90 cents.. Having great designs and maybe adding some animated stickers. This would very likely bring me more than a million dollars.
But I don’t do it.. I’m still the one who hesitates in materializing business ideas, after failing couple of times. Hopefully I’ll do it after receiving the magical NevBox =D
PS. I live in Korea, and Kakao talk is used even in business. We exchange it with employees from other companies. No one lives without it in Korea.
I’d create a trojan that snooped on the infected computers’ E*trade, Schwab, etc. passwords when someone logged in to check their portfolio. It would send me back a list of the stocks in their accounts. Then on day 30 said trojan would put in market sell orders for every stock on every computer making the market crash. Meanwhile I would short all the stocks and clean up.
Since success leaves a foot print, it would make sense to model someone who has already accomplished this.
Glen gave great example of this.
I think the key to this one would be to try multiple strategies at once. First I’d gather up my clostest friends and tell them what had happened to my kid, and convince them to get the next two weeks off of work to help me get him back. Then I’d start assigning certain people to various endeavors.
If I had 3 friends to help me, that would be 4 people total working on this. Every guy would then employ several virtual assistants based on our starting budget.
One guy would start cramming info on real estate: numbers, the local market, local buyers and sellers, local deals, fastest way to get a return on a deal with as little money down as possible. His VA’s would compile lists of likely markets and supply him with more research on how to get the best deals. By the end of the month he should have flipped as much real estate as he could get his hands on. Any money over what’s required to meet the 1,000,000 mark that he makes is his to keep.
The second guy would be I charge of setting up online courses to promote through Clickbank and other affiliate sites. His VA’s would collect research on the most profitable niches and the current trending niches and find the top five niches to create courses in. The VA’s would also work to collect content and then the head guy’s job would be to organize the content into courses and pitch it to affiliate networks and blogs in that niche. Again, any money made over the $1M mark is his.
The third guy would be in charge of software developement. He would talk multiple mulit-million dollar companies to find a pain point that a software could be developed for. Then he’d contract with a software developer to start development and make pre-sales to get the cash for my kid up front.
The last guy would be me, and I would hire VA’s to help me contact as many famous, intelligent and wealthy people as possible to host several seminars, conferences, giant parties and teaching events as possible. If I could even get two big events of this nature organized in a month I could potentially pull in a few hundred thousand.
At the end of the month each team would pool their profits and we could likely have over 1,000,000. Then we’d write a book, make an online course and sell speaking engagements on how we did it to make the same amount the next month!
I would sell 1 web page to a million users!
The typical web browser screen has over 2 million pixels, and I’d create one web page and sell each pixel (and make pixels clickable to display photos) for $1 and make a draw for $1,000,000 to a lucky winner. Total will be $2,000,000 (plus some change to pay for my coffees) and the prize is $1,000,000. Do the math, you have your extra $1,000,000. (I’m not sure what I’m waiting for!).
PS: I’ll put my kid’s photo on a pixel and announce another $500,000 to whoever brings him back, if I’m lucky, your roommate will bring my kid while you’re eating your tacos and I get to save another $500,000.
I like the idea of the $1,000,000 dollar lucky winner. But wouldn’t that be considered internet gambling and illegal?
Hey Andy, last I checked kidnapping is illegal too. This entire article is a joke so stop being so serious
Well Yuumei was able to make a million within a few days-week (can’t remember the actual time it took, but it was a fraction of the time given here). You can see the product here: https://www.indiegogo.com/projects/axent-wear-cat-ear-headphones.
Then there’s also the scribble pen. Can’t remember how much it gathered in total, but because it was an idea that’d been circulating and already popular for about three years within a few hours they had hundreds of thousands. It got shut down repeatedly as being a scam though.
But all I’d have to do is do some quick google searches, see what’s trending, doodle some ways to improve those ideas, then start a crowdfunding campaign and do lots of forum advertising. Perhaps hire a “popular” artist on DA for under $50 to do a quick sketch with a link and some info about the project in the description so it’ll get some traffic.
Then there’s threadless. I could go through artwork I’ve already got and submit it so within a few weeks I’d have a bit of income from that (small, but income nonetheless). If time wasn’t a issue I could get some images royalty free from websites that sell images and submit that for t shirt designs. Any that don’t become popular enough to become a t shirt I can use the image elsewhere
Then there’s Tapastic. A comic website. I could spend 30 mins on making a comic each day that has an advertisement in the bottom linking to my crowdfunding campaign. If it gets really popular then Taptastic would give me as revenue. But for this bit it wouldn’t be about the money, just getting interest in whatever the crowdfunding project would be so more people would donate to it
Then there’s the radio and tv programs I could advertise on with (hopefully) little cost.
Then again I could just get a business number, and get my “business” to take out a loan from the bank for a $1,000,000.
Well since this series came out i’ve been working on the earn $100 and then the next step. However, i remembered this story from quora and figure it would work to find a similar situation where you can fill peoples needs and value and trade up to $1.0 million. The main takeaways network, keep your eyes and ears open, and be willing to act quickly. Enjoy.
QUOTED – SOURCE FROM QUORA
“Several years ago I met a Venezuelan oil and shipping businessman by
the name Rafael Tudela. As I have come to know, respect, and admire
him, he has impressed me as the quintessential street-smart executive.
He has built a billion-dollar business from scratch in less than
twenty years. He seldom deals in written contracts because his word is
his bond. He has always made his own breaks. And his principal
business, which is oil speculation, relies on his constant process of
seeing opportunities where no one else does and taking advantage of
them.
In other words, Rafael Tudela is a genius at taking the edge. One of
the best illustrations of this –of how he has the facts, knows what
people want, and figures out a way to give it to them- is the story of
how he got in the oil business in the fist place.
In the mid 1960s, Tudela owned a glass manufacturing company in
Caracas, but, a petroleum engineer by training, he longed to be in the
oil business. When he learned from a business associate that Argentina
was about to be in the market for a $20 million dollar supply of
butane gas, he went there to see if he could secure the contract. “If
I could get the contract,” he told me, “then I`d start to worry about
where I`d get the butane.”
When he – a glass manufacturer operating alone with no previous
connections or experience in the oil business- got to Argentina, he
discovered his competition was formidable: British Petroleum and Shell
Oil.
But feeling around a little bit he also discovered something else:
Argentina had an oversupply of beef which they were desperately trying
to sell. By knowing this one fact –his first “edge,” so to speak- he
became at least an equal to Shell and BP. “If you will buy $20 million
of butane from me,” he told the Argentine government, “I will buy $20
million of beef from you.” Argentina gave him the contract contingent
upon his buying the beef.
Tudela then flew to Spain, where a major shipyard was about to close
down from lack of work. It was a political hot potato and an extremely
sensitive issue for the Spanish government. “If you will buy $20
million of beef from me,” he told them, “I will build a $20 million
supertanker in your shipyard.” The Spanish were ecstatic and delivered
a message to Argentina through their ambassador there that Rafael
Tudela`s $20 million of beef should be sent directly to Spain. Once
again he had found the edge and taken it.
Tudela`s final stop was in Philadelphia at the Sun Oil Company. “If
you will charter my $20 million supertanker, which is being built in
Spain,” he told them, “I will buy $20 million of butane gas from you.”
Sun Oil agreed, and Rafael Tudela fulfilled his desire to get in the
gas and oil business.
There are so many errors in this story it aint even funny. The best way to make money is to know something nobody or VERY few other people know. Period!
Hi,
You know what.
I would start a crowd sourcing project.
Find really influential people and ask them to donate towards..uuh….science.
So…if I can get 10,000 people donate 100 dollars to…well you know…..science.
Then this will work. But it won’t be sustainable. Unless it’s like a tax on something that goes directly to me.
But, that sounds wrong. I wouldn’t want to do it that way.
Geeze! I knew this challenge was coming.
I will have to go back to what I suggested in a previous post about creating an effective SaaS tool for big corporate CRM databases. But the only caveat to this is that it would have to serve other parts of the firm that is utilizing this tool; something other than CRM. I’d make it a tool that can integrate with the product (it would have to be digital) that the firm is selling/providing.
So to summarize make an effective SaaS tool that offers solutions for CRM and product/service analytics. I’d get more specific but I’m afraid of rambling on!
Hey All,
After my comment on how I would make a million dollars in 30 days, I liked the idea I posted so much that I last night I stayed up to 4AM and whipped up the copy for this sales page here: http://bit.ly/1wqqJFx
I was talking to a programmer about building testimonial collecting software for my other business BUT now I am partnering with the programmer and we are creating a SaaS version (as per my original post) that will generate more sales on your website with testimonials
For everyone who is posting an idea on how they can make a million bucks this month. . .Take Action!
Don’t just go for the win here, go for the B-I-G win and start or grow your dream business.
Thanks Neville!
I would target unhappy lawyers. I would design a digital course to help them change careers.
From the quick & dirty research I just did,
– there were about 1.2 million lawyers in the US in 2012.
– 70% are unhappy at work.
– that means my target market is about 840 000 unhappy lawyers
– 0.5% of my target market is 4200 unhappy lawyers.
– the average salary of a lawyer is $130K/year
I would find them on LinkedIn (I would need to brush up on Lewis Howes’ LinkedIn strategy) and Facebook. I’d try Bing/Yahoo ads over Google ads. Also, specialized lawyer-websites. Maybe even Reddit… I would do a webinar or two as well.
I would use the insane kopywriting skills I developed after using the NevBox to write a dozen or so blog posts/email responder messages to lure them in. I would write about Peter Thiel (Paypal founder) and Martine Rothblatt (richest female CEO in the US) who used to be lawyers but “changed CAREERS and went on to change THE WORLD”. I like the ring of that lol.
I would remind them how painful it is to wake up everyday and go to a job they hate. I would quote statistics about depression/suicide/divorce among lawyers – I would really be relying on my copy to convert these people into buyers.
As I said, my target market would be 840 000 (if I focus only on US-based lawyers. If I included Canada and the UK, I could probably double this number). If I converted 0.5% of them (4200), I would have to sell the digital product at $239 to meet my $1,000,000 goal (excluding expenses). Or I could flip that number on its head and charge $4200 to 239 customers. Assuming it took me 10 days to prepare the course/email sequence/blog posts, I’d need to make 12 sales per day for the remaining 20 days to meet my goal of $1 million.
It seems a bit pricey but I mean, this course is life-changing stuff for people who make an average of $130k/year and hate their jobs! I’d be offering them massive value!…Anyway, I’d need some major kopywriting skills to pull this off.
That’s how I’d do it! Crazy how I couldn’t come up with a way to make an extra $1000 per month, but now I suddenly made $1 000 000 to save my good-looking imaginary child! High-stakes!
10 internet gurus that have 100k subscribers, a 2% conversion, a $100 product, and a 50% commission.
If you’re feeling extra lazy, you shoot the gurus doing whatever they do and make that you’re product rather than writing something from scratch. Maybe do a seminar at a high price, shoot it, and resell the video at a lower price. Preselling the seminar would give you the 20-30k needed to pay for flights and video guy.
I think found the point of this exercise…why the hell haven’t I done this?
I’ve seen it being done, but not exactly from scratch. A writer wrote a book about a niche and that niche went kind of mainstream.
What he did with next: a video product that detailed how he entered and dominated the skill set of the niche. He really hyped up the launch and sold 1000 copies for $1000 in a VERY short time.
(If I remember well, those were the numbers. Could’ve been 5000 for $200 or some combination like that, but it was relatively exclusive, considering the size of the “niche”. I remember thinking something like “Wow, he just made 1 million dollars in a couple of hours”)
Of course, it took way longer than a couple of hours to learn all of the stuff. But the product itself was a video of him in a private seminar for 5 guys – which he had already hyped before to his community. So he just used his previous effort to create a new product. This new hype-ing (aka creating a ‘hungry crowd’) and selling were really fast.
Easiest way would be one long gamble on huge odds, but it’s the least likely.
Assuming no funds to start with, I would start a recruiting firm that works with companies that have an employee referral bonus. I would network like crazy in a tech or engineering field. Assuming a $5000/person referral bonus, I would need to find 200 people to fill new jobs. That means I would need to meet about 7 people per day, which isn’t impossible with social media and niche industry events. It would be incredibly hard, but not impossible.
I interchange Kickstarter and Indiegogo in the above as crowdfunding, but what I mean is Indiegogo. The payout is faster.
First off, if you kidnapped a child, I’d call the FBI and tell them I need a million dollars to get my kid back. Nicholas Cage or Mel Gibson might need to be called too.
Crowdfunding is the only way I can imagine collecting enough income to have an extra $1,000,000 within 30 days. That likely to mean that I need to raise 1.5 million. According to Kickstarter, only 86 campaigns have created more than 1 million, and we’re not sure how long they took. They can last up to 60 days. However, in reality I would probably have to make it a 2 or 3 week campaign in order to be able to get all funds out in time via Indigogo.
However, we can see (at https://www.kickstarter.com/help/stats ) that 36 of them are in the games category. So I might try to find a heart throbbing cause, and tie that into a way to create a game out of it. It would take more than the few minutes I’m spending on this post. The good part is that a game or other perks could be delivered well after the 30 days.
Day 1: Design a Kickstarter/Indigogo for a killer idea or cause. It’s best to come up with something that is high profit. So create perks that are more about participation than about cost to reward. A cause, documentary about a cause, or something to that effect. T-Shirts, and other items could be created as low cost perks. A launch “event” with tickets at a venue that is either donated or rented out could be an added bonus for the big ticket perks.
Day 2: Create a list of all media and influencers you can imagine within the niche, and broaden if appropriate. Likewise, create a list of major donor opportunities. Especially those with a track record of giving towards related campaigns.
Day 3: Launch KickStarter. This includes writing copy, creating videos, and putting in all the perks.
Day 4: Go after each and every one with personal emails, phone calls, tweets, facebook posts, linkedin update and even retargeted (content) ads.
Day 5: Go after major donor opportunities, likewise. Look for people with a track record of contributing for similar causes.
Day 6: Prepare Media appearances. Go after everything I can touch. Guest posts on blogs, podcast interviews, tv and radio interviews, etc. Give people a personal connection. Update the campaign with youtube videos, followup stories, related issues, etc. It’s likely to be a really long day. But that’s okay because I want to see my kid again.
Day 7: Do I have any traction? Press on. Is it a flop? Then re-evaluate and either tweak it or create an entirely new idea because I only have 1 to 3 weeks left. ;-)
Day 30: Call Jason Statham.
Here’s what I would do.
I would do some research and
look around for people that are selling
high value property or high value goods.
Think: Boats, Yachts, Ships, Planes, Trains,
large machinery / equipment, large quantities
of merchandise, etc.
Once I find a good deal, where I believe
make a “substantial profit” within a short period of time,
I would then draft an “Option To Purchase” agreement
that enables you legally take ownership of the property
or goods, for an agreed period of time, without you having
to pay for it, or take physical ownership of it.
I would then send my Option To Purchase Agreement
to the Seller using an online e-signature service called
EchoSign by Adobe.
With EchoSign, an email can be sent to the Seller,
letting them know that the agreement is ready to be
reviewed and signed. (With a few quick clicks, the Seller
can open it, review it, sign it and send it back — all from
the convenience of their web browser or mobile device.)
Once it’s signed by the Seller, I now have “temporary legal
ownership” of it for a defined period of time. (ie: 30, 60
or 90 days as outlined in the agreement.)
I would then advertise the goods or merchandise
and sell it for a profit.
Once the goods have been sold and
the funds have cleared, the goods can either be
picked up by the Buyer or shipped to the Buyer
at their expense.
Bingo! $100,000 in 30 days is possible. ;-)
I’m a business owner in the marijuana consumer products industry (pipes, vaporizers, storage, etc).
This is a time of rapid growth and there are a lot of investors looking to capitalize on the opportunity that legalization presents.
I would put together a roll-up deal to buy 2-3 of the biggest distributors, 3-5 of the biggest manufacturers, and 5-10 of the biggest retail websites.
Each company is offered 10x of their previous year’s net profit.
I’m a committee member of a marijuana investor network, so I would pitch this deal and find the buyer(s).
Total value of the deal would be between $100M and $200M.
I’d take a 1% cut for putting the deal together, earning $1-2M for myself.
I’m pretty sure someone has done this before, but I don’t know how much money they received or what the terms were..
I would offer wealthy people a percentage of all of my future earnings in exchange for a large cash investment in me.
Could get one person to invest/give me $1 million for a huge percentage or find 10 people to invest $100,000 each for smaller stakes.
So the pitch would be, between ages 30 and 60, let’s say on the low end I average $200,000/year. That’s $6,000,000 over 30 years. If I give you 30% of my future earnings that is $1,800,000. So you’ll profit $800,000 over 30 years, or about $26,000/year.
And maybe I’ll sell a company and bank $20,000,000 from the sale. In that case you’d get $6,000,000.
I’d find these people by looking for accredited investors on AngelList and reaching out to them directly.
First. A million dollars is NOT chump change, is not a “measly” amount to anyone, including Billionaires.
Second, locate companies who are already doing 5-10 million dollars a month in sales, a direct response marketing company.
What do they sell? What could I quickly develop or ACQUIRE which could be offered to their house list which might generate the proverbial “ton of sales”?
Having worked with several such companies what I know is:
They will take a look at “completed” projects which do not involve much of their time. So, I want to submit a completed idea.
Actually, anyone here could submit to one of the companies I worked for, and to offer up some “proof”, you can visit one company, suarez dot com, and you will see on their home page, on slide 2, they actually SOLICIT ideas.
On the landing page, you will see they have sold a BILLION dollars of the EdenPure heater, and a pic of Joe Namath, who has a “grill” for sale. On slide 5, you will see Bill Burkett, who has been paid millions of dollars for bringing EdenPure to the company. I can’t say he’s made a million in one month, but, he has had multiple 250,000+ dollars a month over the years.
So, back to the HOW.
Knowing they have a house list of millions of buyers, I’d create or ACQUIRE a product which they could offer to their house lists. What would that be?
Since I know they bought space heaters, I might offer a NEW NASA tested “comforter” or blanket, maybe a 39 dollar product. I would create the sales vehicle, a short letter, a pic, a special offer, all with the purpose of a quick and easy sale.
Another example. theworldreserve dot com. Another huge direct marketing company, part of a family of marketing companies. They do millions a month, selling coins and money. I would commission a couple of researchers and compile then write a special report re: World Coins. I’d create an offer to their house list, and sell a DIGITAL product, which they do not have. But the industry has many such numismatic newsletters. Perhaps I’d write a monthly newsletter for them, and a low cost subscription, since they have the back-end in place, say a 12.00 a year subscription, with millions of buyers, and a low cost product (digital) they could quickly sell enough to get me my million bux, which I would use to outsource the writing of the newsletter for a fraction of that amount.
There are many companies along these lines, and they are always looking for new ways to make sales, increase product lines, sell more. So, to make a million I’d look to companies already making millions and figure out a way to coattail myself onto existing customer lists.
How about the financial newsletters which have been selling gold? I’d write a promotion for the selling of gold, using ebola as an example of a panic state, and get them to convert a few ounces of gold into a few pounds of food and water and toilet paper. There are companies with lists of millions of subscribers, so, I’d find one, create or ACQUIRE a product which matches their customer’s buying patterns, and write a promotion and bring them a completed project they can begin testing right away.
Glenn Osborn told of Walter Hailey and his seminars for dentists, there are people who are selling 10,000 to 25,000 weekend trainings to specialists, example, Botox type or injectionables as they are called. Doctors all over the world are paying this top dollar to become “certified” and are then offered the product at discount via volume.
A million dollars is a LOT of money, it is only insignificant to politicians and those who don’t know better. NO with money considers it to be a “paltry” sum of money.
You probably have a better chance of winning the lottery, however, if this thread stimulates ideas, then know, if you are in for a longer run, then there are scores of companies standing at the ready to listen and to possible implement your ideas.
One secret would be to establish a TOLL position, and to collect the tolls from traffic going both directions. It may take longer than a month, but, it could produce a lifetime of passive income which frees your time and mind to write the great American Novel or Oscar winning screenplay.
So think big. Think ONE sale to a company which would buy your idea and pay you a huge ongoing royalty. They are out there and they are ready. Are you?
Thanks to Neville for these stimulating posts, we see some good minds at work here.
Gordon Jay Alexander, Creative Marketing Professional
Gordon,
I like your example of offering a digital product to theworldreserve’s buyers. Great idea.
But your comment that you probably have a better chance of winning the lottery than making $1M got me thinking… is that true?
What a learned from google:
Odds of winning $1M from NY Lottery: 1 in 3.8 Million
Odds that your US household has > $1M in net worth (excluding primary residence): 1 in 20
Odds that your $1M+ in net worth was self-made and not inherited: 1 in 2
So basically, everyone’s got a 1 in 40 chance of making a million bucks. And those numbers only get better if you’re smart, motivated, read NevBlog, etc.
I would hire a bunch of strippers. And by hire, I mean, cut them in on the profit. I would then put together some kind of “conference” where I’d only invite people with net worths over $100 million. I’m not sure what the “conference” would be about, I’d have to do some upfront research to see what the wealthy fear the most then structure the “conference” around that topic.
I’d charge a measly $10k to get in the door, just to weed out the $30k millionaires (there’s a shit ton of them here in Dallas). This money will go to pay the strippers.
The strippers jobs are to get pictures with these guys in compromising sexual positions. Then, I would create a “service” where my only job is to NOT release these photos to the public in exchange for a hefty monthly fee. In the business, we call this “hush money.” And in the end, everyone wins.
How I would make one million in a month:
Sell 20MM worth of products at work.
Get 5,000 people to sing up for a 200 course.
Launch a Kickstarter for something cool that people want and get 1MM in funding over costs.
Win big at craps in vegas (probably not)
Well, how would you bring about the traffic for the crowdfunding idea?
It costs money to bring in the traffic you know.
Asteroid mining. Pay Space-X a few hundred grand to get us into orbit, then bring back a modest asteroid (maybe 30 feet in diameter). Even if it’s just a boring 90% iron/10% nickel asteroid, you’d be looking at $8.3M just for the nickel.
And if your asteroid just happens to have platinum or gold? Now we’re talking billions of dollars.
Source & math: http://qz.com/47232/the-crazy-economics-of-mining-asteroids-for-gold-and-platinum/
What if you just paid Space-X, or whoever, to build you a giant catcher’s mitt or fisherman’s net in space, which is hooked up to a giant tube that’s tethered to Earth? Wait, no, that’s ridiculous.
You mean a space elevator? http://en.wikipedia.org/wiki/Space_elevator
Take a decent African country – Mozambique. ca 20 Mio inhabitants. Poor market. Corruption. No interest from Western countries. It means, empty market. Find a local company which is more less established, has a good political relations and some network. Find a good required/fashionable product, as a mobile phone. Buy it in China, lets say for $15/pc., give it a nice name. Sell it for $35/pc. (which is a reasonable price). Pay $5/pc. for bribes and commission. Sell 50 000 units the first month (0,5% of the market). Take your million. And you have served just 0,5% of the market still.
Or how about find a cure for Ebola and sell it for a $1 million to the most Eboled-up countries?
Thats Mozambique case was a real case
Fracking.
Deal with it.
I just thought of another way to do this!
Take a weekend course to get your real estate license. You can do it in a weekend and then sign up for a test and get your licensing out of the way in a week. Then spend the next two weeks going door-to-door (in rich neighborhoods) to get as many listings for homes on the premise that you could get them tons and tons of more money for their home than they ask for.
List for above what they want for the home and say that you’d pocket the difference. Once you have the listings, you have the traffic (in a buyers market), do very little haggling and try to sell a few high end homes.
I think I would seriously considering doing this. At least the get my license part, It’s kind of a no brainer to be the Real estate guy in your friends group too btw. Hmmm…
Regards,
Tony
Tony.
I’m a lawyer and broker.
Track me down and let’s go into business!
@techshizzle
That million dollar bill really ought to be redesigned. It’s worth a million.
Check this out Neville – http://terrazoom.com/_graphics/million-dollar-bill-neville.png
Going back to the digital currency idea I wrote about in the last post, here’s what I would do to make $1,000,000.
First, we need to look at other currencies such as Bitcoin to see what their weaknesses are and how we could solve it. With Bitcoin, all transactions are recorded in the blockchain and made public. This “pseudo-anonymous” structure means anyone can see where a coin has been, and where it went to. Not cool.
Lets call our coin Sumocoin.
Sumocoin would be “tumbled” with a cache of other users’ coins during each transaction. Untraceable.
There will also never be more than 21 million Bitcoins. This is hard-wired into the protocol. It also means a lot of early speculators held onto their coins instead of spending them – deflation means the value per coin would most likely increase over time.
Sumocoin will combat this by having a “soft limit” of 21 million coins – this can be increased as necessary. This means that if you hold onto your coins for too long, they will instead go down in value.
Ok so now time to get people to start buying and selling with Sumocoin. This is where we will use two different strategies:
1. We make it exclusive. This is so that Sumocoin to be seen as more than just another run-of-the-mill “alt-coin”. If you want to get in on Sumocoin, you must first convince another user spend at least one Sumocoin with you. With that one Sumocoin you will have access to the private subreddit, and get a special code to be able to start mining.
2. The little big horn. The first users will be people who are smart, and also into virtual currencies. Reddit moderators. MIT students. Fat sumos. When people see other smart people using Sumocoin they will want in on it.
Then we promote the hell out of it.
Thankfully I’m good at getting stuff noticed on Reddit. We will also offer YouTube stars free Sumocoins to promote it in their videos. Facebook ads. Email lists. There are a lot of different ways.
Here’s where we make the $1,000,000.
It’s fine if Sumocoin bombs.
Huh?
You heard me. We’re not on the mission to change the world. We want cash.
When we first build the protocol, we will have it set up so that for every 10 coins mined, one of them will go into an account controlled by us. This is our 10% cut. This also means that we can ride the initial hype train without using expensive hardware to pre-mine coins for ourselves (which is seen as a red flag in the alt-coin sphere).
At the end of the month we should have about 1,000,000 coins mined for us which will be worth $1,000,000.
Cash out.
I would create an amazing product in an extremely popular online niche that has hundreds of thousands of searches a day with the best copy possible and Max out all my credit cards on seo services to get page 1 and pray for the best.
You kidnapped my kid? Well since this is an thought exercise I am assuming that I have very little startup money. After all if I had $1 mil already then it would nt be much of a challenge. You have my kid so I cant afford to waste time and gamble that some investment deal happens.
The simplest, if not the saddest, is to just go kidnap a very rich guys kid and ask for $1 mil. Heck you could even tell them they need to talk to the FBI to make sure that it gets paid to the correct ransomers. After your kid is free you then turn yourself in and go to jail. Of course during the course of this hellish thing you treat the kid, and really you should pick up a college age one, very very well. After you snatch him you explain why you have to do this and apologize. You can do a lot to lower the “trauma” aspect of it. You get a “sure” $1 mil and your kid is alive.
Another option, and with a far far far better outcome, would be to do a kickstarter. I have to assume that if I called Neville and explained my predicament we could come to some arrangement for him to write my copy so that people would be grabbing their credit card info as fast as possible to donate to the saving of my kid. To pay him back maybe I would become his copy slave, after he taught me how to write good copy, or something but whatev it would be worth it, and I would not have to kidnap some innocent kid to make it work.
Some other options
-go rob drug dealers ala “Without Remorse” by Clancy mixed in with some Man on Fire style stuff but you need to be willing to kill and stuff and already have at least a few “skills”.
-Reading “Art of the Steal” I am confident I could easily rob some museums but I dont know any high end, or low end, fences to sell my recently acquired artwork so that could be a problem.
-I have a little over $1 mil in life insurance so assuming they would pay out fast enough I could always go that route. Definitely not ideal but again we are talking about my kid.
-etc. I could go on all day on other ways to jack good or bad people of $1 mil but none of them are ideal.
If you have not caught on I dont currently have enough confidence in my selling or copy writing skills to generate $1 mil cold in one month with minimal startup capital. Give me $100k and the kidnapped kid pressure and maybe I can figure something out but with only like a thousand bucks I dont have a ton of great/legal ideas. But I KNOW that regardless of all this I would get the money to recover my kid legally or illegally.
Now if you are willing to kidnap my neighbors cat I would be willing to buy you lunch or whatever :-)
I dont know why I didnt think of this before.
I would sell the rights to my upcoming book about having my child abducted and the subsequent recovery for a $1 mil advance.
I would buy an old missile silo and retrofit it to become a self contained luxury survival shelter.
You could build it into maybe 5 full units, pre-sell each for a million. Use 4 million for the remodel, and collect a massive amount each month for property maintenance as well.
Rich people are all about contingency planning.
Might take more than a month, but this was the best I could come up with :)
This is actually being done today and the guy who implemented it is raking in a ton of money. He probably read your comment and went for it haha
Wow. A good question to stretch the mind!
A few ways I could do this…
I’d either target a company or person where a million dollars is pocket change.
or…
I’d sell to an predictably irrational market. (Or, I’d bundle those two together!)
Now, to get this done, you can’t be no slub. We’re talking 18-20 hr. REAL work days, 7 days a week. Heck, it’s a million dollars in a month. You can sleep the whole next year if you want to. :)
Let’s dig in…
In everything mentioned below. We go 10X. I’m into delivering ten times the value in everything I do. So that’ll be a big secret KEY here.
1) Targeting the fat wallet fellers.
What do billionaires need? Surely one of them is looking for a new jet worth hundreds of millions, or a home… First, I’d find the deal. An awesome jet, home, yacht, some high ticket item at a great deal. I’d simply find the asking price, get all the pics, info etc…
Then, I’d find the pocket of buyers. I’d set FB ads and target pages like Aficionado Magazine. Forbes. etc… I’d write “million dollar copy” -literally- painting an experience for whatever the item is.
For something $25 mil plus, and I’ve discovered a steal of a deal that has a story/angle from it that I can hit, it won’t be too hard to build in my $1 mil cut. And maybe an invite to an awesome party with the buyer. Party at Jay-Z’s!
2) And more in my realm of experience, I’d hit the irrationally passionate markets with money to burn. This is the one where all the work, all the 10X value giving to partners, buyers, EVERYBODY, non-stop sleepless nights and double espressos come in to play.
Potential Irrational Markets: Investing/Make Money, Health/Wellness, Dating/Relationships. Lot’s of smaller ones, but these have a LOT of passionate people within these markets, which is needed to make $1 mil in a month or less…
Let’s take the business side angle, making a full-time income on the internet for profit and fun. I’ve been doing this for 5+ years so it fits for me.
I’d create an incredible course, with a very unique angle that sets it apart from the rest. And I’d give a BUTT. TON. of value away for free on the front-end! (10X remember).
And this would be for potential buyers AND affiliate partners. I’ve give affiliates most of the commissions upfront. 75% likely. I’d send them gifts in the mail BEFORE they promote. Cool stuff too.
I’d give them the physical version (VIP) of a digital product. I’d go all out for these guys. (10X) They’re about to make me wealthy after all, and heck, giving feels good.
I’d make the product easily worth $2,000. And I’d market the product where people are willing and ready to buy it for that price. And then… I’d sell it for $297’ish. Let the buyers frenzy begin.
Now, with enough big affiliates on board (many have lists of 200-300k+, and many with smaller but much more responsive lists), I could actually get to 1 mil. right here. But not super likely. Everything would have to go just perfect for that.
So we’ll do an even more irresistible one-time opportunity right after the upfront sale. Maybe the upfront offer includes a “how-to” do something. And the upsell is a software that does it FOR YOU. And it’ll easily save you 10-20 hrs. a week or will be like having 5 full-time employees working for you while you’re off having fun. Just as a random example.
This upsell is really a downsell though. I’d sell it cheaper. Maybe around $197.
Let the buyers frenzy continue…
Next, I’d find the top phone closers in the space and work out a generous *commissions only* deal with them. I’ll give them the brief training they need and any other deets, and they’ll be basically like a coach to new members helping them get from A-Z fast. With a coach, mentor, this will really help new members.
They’ll get the phone number of each new buyer that comes in, and they’ll call them and immediately follow up with an email. Whether a response or not, there will be a follow up email.
They’ll help the new folks navigate the members area, they’ll welcome them to the tribe, answer any questions etc. These won’t be boiler room closers here. They’ll be incredibly sellers, but ethical, helpful. Doing what’s right.
These coaches/closers will introduce to new buyers the Elite Program. They’ll get their own coach for a year, we’ll identify a profitable market custom for them, and, WE’ll DO ALL THE WORK. They’ll also get to go to a paid for mastermind at an exotic locale within the first year.
This will be $25k-$50k+. And if they don’t make that back within a year, we’ll refund every penny, plus another $5k, granted they follow the instructions, they let us invest a certain amount in traffic each month, etc…
The phone salesmen will get a nice cut… $5-$10k of this.
I could go deeper, much deeper here, but this alone wouldn’t be terribly hard to execute in 30 days and could easily get you past $1 mil.
Thanks for getting my brain going first thing in the morning again Neville!!
You’ve already given me a NevBox (Thanks!!) for another comment of mine, not sure whether was the $10k or $100k, but I’m good there!
Just wanted to contribute and stretch ye olde brainsack a bit. :)
Thanks,
B
*Excuse mistypes. Too lazy to reread my comment today for editing. haha…
I will do day trading! That’s the only I think I can make quick 1 Million!
Borrow money from people & invest in day trading!
This actually would probably work!
I mean, not for like 99% of people, but for some :)
Building on my previous comment about joining a professional gambling team and making a round-the-world gambling tour, I would pitch my company’s “prevention” services to the top 0.05% of the 6000 odd casinos worldwide, i.e. approx 30 casinos. If each pays me about $33-34k/mo on retainer, I would hit my $1m mark. If that’s not enough to hit $1m after deducting costs, I would publish a biography and start speaking at conferences worldwide. At $20-25k per speaking engagement, I only need 40-50 conferences to hit $1m.
Isn’t it cool that when you can sell a product in the $40,000 range, it’s actually quite simple to hit $1,000,000
I’d contact 15 sports stars or their agents. I’m South African so here it would be rugby, soccer and cricket and at the moment swimming is big here. Now that I think about it I have an in with a big sports star.
I would charge the public $200 000 to shadow the star for a day, maybe even two days, including a few meals and a signed jersey. I’d allow 2 people to shadow the star. Of the $200 000 I’d give the star $80 000, contribute $50 000 to a charity of the stars choice (rhino’s are big in SA) and I’d take $70 000. That way the star earns cash, donates to charity which can’t hurt their public image and I make some money.
15 x 70 000 would give me $1 050 000 and a charity $750 000. Obviously I could play around with these numbers, maybe charge more for a mega sports star, but you get the idea. My numbers may be unrealistic, they would probably be too big for South Africa, I’m not sure if they would work in the USA. I like the idea though.
I commend you for coming up with such a unique idea :)
I’ll take a page out of Richard Branson’s book. The Exercise doesn’t state my current income so I’ll say this:
I start a Billionaire and open my own airline and since it’s a horrible market I’ll end up barely breaking even at One Million Dollars.
Bahahhaah, I heard Herb Kelleher (founder of Southwest Airlines) say:
“The best way to make a small fortune, is to start with a big fortune then start an airline.”
The first idea to hit me last night is to build a business to sell.
Say, lawn maintenance. I’ve never done it or have any clue what they make. But I imagine they setup bi-annual or annual contracts.
So what if you setup $300,000 worth of work for the year (or more)? It’s all but guaranteed work that the new owner could secure again the next year, and the one after that.
Secure the work, put the systems in place (hire as needed as you pick up the work), then start trying to sell the business at the end of the month for a 2-5x multiple.
The key to this, I think, is securing the work in advance as no one would buy a business for that much without proof it generates income. But with guaranteed work (contracts — make sure they’ll transfer to the new owner), they know they’ll make some sort of return on their money.
You can even offer to consult for a couple of months to help them get up to speed fast.
This COULD work….but I say probability is low.
Here’s what I would do, starting with nothing but the $65 currently in my wallet.
I would call a business broker and have him find me a business for sale worth at least a 1 million dollars, something with inventory, like a small airline shuttle company or a 18 wheeler dealership (they do have 18-wheeler dealerships, right?). What ever the business is it must have at least a million dollars in inventory and/or equipment.
I offer the owner double what the company is worth if he agrees to carry a note (i.e. that means he will be paid a down payment and then payments every month or whenever we agree upon it. He is basically financing the sale).
To protect him from me defaulting I buy him some insurance with whatever terms he would like (this insurance would be pretty exotic, like insurance people buy their legs or hands. I don’t think the local State Farm agent [Jake] could do it, but it can relatively easily be done).
As all of this is being negotiated I am negotiating the sale of at least million dollars (plus the down payment) of the companies inventory. [This is not as strange as it may seem. It’s done all the time. Some asset of his/her own business is sold and the money is given to the owner for down payment. But lets get out of the weeds and back to solving the problem.]
So by doing this, at the closing, I should have my million dollars.
Getting it done in a month is the hard part. But if all the parties are properly motivated then it can be done. And the cool part is you end up a hero and you didn’t spend a dime.
[side note: I already won a NEVBOX when the question was much easier. Got it last week. It’s awesome .]
Oh wow, never even thought of something like this. We all learned something new, thank you :-)
And glad you enjoyed the NevBox!!
Yes, but wouldn’t you be left with a debt of 1,000,000 dollars to the previous business owner?
This has already been mentioned, and will no doubt be mentioned again…Real Estate would be a quick way to acquire the money. It wouldn’t necessarily solve the kidnapping situation, but at least on paper you could be worth $1,000,000. Most people start small, say a $250k single-family property, $20k down payment – turn it into a rental. The problem is, this home is guaranteed through your own personal earning potential. And it’s either 100% occupied, or it’s not. Now look at a large $10MM property that has maybe 200 units. Investment property loans are guaranteed by the asset itself. You can raise a $2MM down payment through investors, giving them 90% ownership. You now own 10% of a $10MM property without using any of your personal credit or cash. And because this property has 200 units, it will can be 60% occupied, 80% occupied, etc…
Find the right deal, then find the right investors. This would take some work, research, and hustling but not impossible by any means. The bigger deals are often less risk and easier to close.
I have a few connections in the Atlanta real estate market and should probably put more effort into leveraging them. One big investor is hosting a party tomorrow night. I was invited as a plus one…maybe I can work my magic and get some deals on the table!
Yup, real estate seems to be a very legit possibility. Especially in this crazy market!
Guaid me
I also agree that making a million dollars in real estate definitely could be doable. However, is it possible to get banks to agree on only 20% down
payment on properties like that? I mean, most bigger apartment buildings I have seen for sale in the larger cities like NY or LA has cap rates of only around 5% at best.
In a month? Forget that! I’m making my millionS TONIGHT! I’ve got my JACKPOT-WINNING mega millions lottery ticket right here with my name on it.
lol!
At this point I’m desperate obviously and I’m gonna assume the authorities are not involved.
I would go out and find multimillionaires and pitch them a completely fake business proposition. I would create a fake website, rent a Ferrari, hire a few guys in suits to follow me around and make up some sales numbers.
I would give them the pitch and make it seem as real as possible. Things like this actually happen more than you think in the business world so this idea is not as far out there as some people’s ideas.
Anyway, once I got the money I would then be in huge debt to whichever guy bought into my “business” so I would then need I start paying him back. But that’s not important! Hahaha
hahaha…..next time let’s try something a little less obviously illegal :-)
I’d probably ice you to get my kid back.
If someone had a hit out for you at $1,000,000, that would be like icing on the cake.
Fun aside…
Man, without a cause that millions could rally to, I’m not sure that I could accomplish this. But giving that a cause can help you achieve this. I’d probably take a look at something that was so controversial, something where there are extreme sides and then choose to rally folks on either side for a cause.
The hope is that a simple $1 dollar donation from at least a million people would do it.
So what would that idea be? Something like making myself a martyr in the name of life. A voice for those without one who die every day before they are even born.
Publicize it, set a goal, and die if it is not met.
Sounds extreme? But that’s just an example of how one might achieve $1,000,000 in 30 days.
You have to go to that extreme.
Another example,
What if I used my thereturnofman.con domain and then publisized and began an anti-feminism organization with the sole goal of keeping women out of office. Fueled by the secret donations of both radical men and women?
See where I’m going with this?
Step one: pick an extreme side
Step two: publicize your movement (PR)
Step three: wait for extremists to rally
Step four: call me out in support through donating
That’s all I could think of. Really extrem for me but maybe that’s what it takes?
Hahahah, please don’t actually kill me because of this thought experiment!
Extortion….or extortion prevention. First 3 steps are the same.
1) Find a person that knows the ins and outs of hacking popular cloud services
2) Offer them $1M/yr salary to be your “consultant”
3) Hack 5 a/b list celebrities to showcase vulnerabilities
4.extortion_prevention) Get in touch with those celebrities’ agents pitching security services to lock down their clients’ cloud accounts. $1M/yr/client. If they need proof they’re vulnerable, break out content from step 3. Consider up-selling insurance. Never release any data, this is the white-hat option after all.
4.extortion) If you get to the last few days and its not working, blackmail said celebrities for their data….bad idea, illegal, and wrong, but for my kid’s safety, I wouldn’t care.
*Note – I’m not condoning the hacking of anyone’s private data. It’s wrong, it’s sleazy, it’s illegal, and the damage that can be done is very real. This answer is only in the context of saving my child’s life. That said, if you stick to steps 1, 2 and 4.extortion_prevention, you could probably have a really really nice 8-figure consulting business that provides real value to real people.
Hey Bryan, this is a cool and unique idea!
I think it’s NevBox worthy because of the uniqueness.
Now I wouldn’t go after celebrity accounts because they are actually relatively poor….instead I would go “Kevin Mitnick” Style and find vulnerabilities in crazy large companies like IBM, Apple, Google. Although I would probably go for companies SLIGHTLY smaller than those.
Then tell them you found a huge vulnerability, you know how to patch it, and your consulting fee is $1,000,000+.
Thanks Bryan!
Thanks Neville.
Going after big companies is certainly a more stable long term option. But to get things kicked off in a month, I still think a-list celebs would be the lower risk option. With a celebrity you have one, maybe two decision makers at most, and one of them is *personally* at risk. At a large company, it would be hard to get in touch with the decision maker in a month, let alone be vetted and signed off on by said decision maker (or likely, committee of decision makers). And if you did get ahold of them, they have teams of security experts and contractors who they could task for the same job. Certainly once you navigate that process it could be more lucrative, but then you’re still left competing against every other IT security firm in the world.
Wish I would have seen this thread earlier… Great discussion Neville. My partners and I made about $1,040,000 last May. We were trading options using a tape reading strategy with lots of leverage. I wouldn’t call it gambling, it’s agressive trading and highly risky, but one could argue that we did have an edge which allowed us to get really heavy in the options and get a serious return in a short amount of time. Mind you the trader had a decade of experience reading tape and a large bank roll at the time (about $1.5M) but here’s the thing… There are people that trade this type of size all the time. That guys P&L is routinely a couple hundred grand. He even posts it to his Twitter account, @sanglucci if you’re interested in seeing a real cowboy trader at work. And he’s not even a big fish compared to the big institutional traders, the “whales”. I have a friend who’s a floor trader on the PHLX who trades tens of thousands of options contracts, which is millions of shares, tens of millions, sometimes hundreds of millions of dollars. There’s an obscene amount of money that changes hands every day. A million up or down in a day is not uncommon, let alone a month. Same answer if you ask the “10 million in a month” question.
It IS a cool thread huh?
I imagine the fastest way to make a $1m bucks really quick is through investing, so thanks for weighing in!
I’m sure some Wall Street’ers will see this $1,000,000/month thread and go, “Man, these guys are amateurs!”
Given that it’s to pay a ransom, you could start a charity for getting kids back from evil marketeers…
Or, create a $200 info-product, say, I don’t know, “Trading stocks at home for beginners, learn the exact process I use to make $2k a month trading at home” (scammy sounding, but it’s the best I came up with off the cuff), bundle it with something relevant (e.g. stock trading software, i.e. do a deal with the owner of the software, pay them a cut and promise massive marketing). Do affiliate deals with relevant bloggers/ whoever. Sell globally, around 10,000 in a month (depending on costs), and you’re there.
A less scammy sounding product: Complete Web Developer Course on Udemy (which is an awesome and real course and I just bought on appsumo). Something like that. Sells on Udemy for $199, has like 30,000 people who have paid for it. Would be a tall order to go from nothing to 40 hours of video lectures with incredible content, support material and then get that number of purchases in thirty days, but something along those lines could happen, perhaps if you got some talented people on board to help with design and distribution.
Neville this was a weirdly tough question. Even though I kinda anticipated it, after your last few emails, when I read it and tried to think about it my brain shut off with a “_C-AN-NOT _COMP-UTE _NUMBER _TOO _B-IG_ _ _” error flashing up… I don’t know if my imagination capacity was too low for the idea of making $1mil in a month, or if I was running an insufficiently powerful program……………. Whatever it was, it took me a good half hour to get over before I could even engage my brain to think about the answer.
Please don’t go to $10mil in 30 days cos I’m a bit worried you’ll fry my circuits…
Well that’s the point of this exercise Wayne. I won’t go to $10,000,000 btw :)
It’s to show that there ARE ideas on here that would bring in $1,000,000. And it’s usually just as easy to do a big deal, as a small deal.
A brain stretcher for sure!
Development and licensing of an artificial intelligence (AI) system that everyone will use. Everyone. Ev…er…y…one. It also brings 3 new patents with it.
This answers your question-after-next: How would you make $100,000,000 in a month.
Actually if you did have an AI system you were in control of, you probably could easily make $1,000,000,000+ with it.
I have 9 years experience at one of the big internet job boards and one of the biggest challenges for all of them is how to handle a mobile job apply. Current applicant tracking systems don’t work well with this flow, because not many people want to fill out an elaborate 20 step registration on a mobile phone. The challenge is in how to decrease the amount of time spent on a phone submitting an application while delivering high quality applicant information to the recruiting entity.
I do have an idea on how to tackle this. I would patent it and sell it as a SaaS to the job sites. That is probably worth $1,000,000 a month, if not more.
Wow, that’d be pretty difficult to implement and sell in a month.
Agreed. However, getting to a million in one month is incredibly difficult. This would take time, but the demand is there and this is a huge pain point in recruitment advertising.
If it was true to make money that fast how does one go straite to the top using what is said on these suggestions. Are they for real.
Hey Michael,
Because of this Million dollar brain exercise, I am developing that exact software.
Seriously, yesterday I was a customer paying for the development of this product, and today I’ve partnered with the programmer to bring this to market market as SaaS. I was up till 4AM writing the Beta list landing page and we’re already collecting e-mails for pre-sale.
It’s main purpose is to collect customer testimonials & customer reviews. We’re building the secondary features of allowing HR to do applications and video collection so they can see applicants to save time and money.
If you don’t mind sharing, what are some features you think would help us make this a home run?
Hi,
Here’s how my 426 million mentor Walter Hailey has grossed a million
dollars in seminar sales in a month.
Walter collects the Million dollars in one day.
The Previous 29 days is for PRE-HEAT.
The Fourth Company Walter Built did Marketing seminars for Dentists.
Walter sold 99% of the $10,000 seats himself in ONE DAY.
Step I – Walter made a list of The People Dentists pay money to – their Suppliers.
Step II – Ranked them from biggest to smallest
Step III – Ordered an SIC code analysis to determine the # of Employees
at each company.
Step IV – Then made phone calls to his rolodex asking, “Who do you know
that can Introduce me to the Owner of The ABC Dental Supply Co?
Step V – Then Walter FedEx’s his box of PRE-HEAT credentialing materials
about himself and his Dental Seminar company (Newspaper Articles, Testimonials from Dentists, CD/mp3/DVD interviews – audio & Video)
to a Messenger Service. WITH a cell phone in the box.
And Gives the Messenger Service manager and the messenger Detailed Directions.
Step VI – Within 15 minutes…(The following happens)
A – BY PHONE – Walter gets introduced by a Friend to the Dental Lab Owner or President.
B – (STILL ON THE PHONE) Walter calls the Messenger (Waiting outside the Dental Offices) to Deliver the PRE-HEAT Material.
C – Walter walks the Dental Lab President thru the PRE-HEAT stuff
in The FedEx Box – delivered by Messenger.
D – Walter and the Dental Lab Owner agree
to meet the next day or so.
VII – Walter convinces the Dental Lab President he can Increase
the sales of each and every salesperson working at the lab by at LEAST
20%. (Has Proof.)
(Shows him their munny back Guarantee & Testimonials Proving Dentists
Practices grow so much bigger their Dental Lab and Product Purchases Jump 20% or more..)
VIII – After Lunch – The Dental Lab Pres – Walks With Walter through the
entire building of 200 or more sales people.
***PRESIDENT Jim Smith Introduces Walter Himself) Walter tells Each Salesman – in his office that day – maybe 120 out of 200…
“President Jim Smith here has agreed to PAY to send you to Our Dental College
Marketing Bootcamp – Where we Guarantee to Increase your sales by 20%
or your munny back. ON CONDITION – you will participate in Phone Conference
calls – where He Can Listen in – as we Help You Apply The New Ideas we will show you.
“Jim is paying the 10,000.00 Bootcamp fee and airfare and hotel costs. Wouldn’t You AGREE that his Generous Offer wouldn’t have to be 1/2 this good to be worth
doing?”
Almost 100% say, “Yes.”
And Walter hands them a Registration form to fill out.
==========
Result?
10,000.00 seminar fee TIMES 100 Salespeople = 1 Million Smackers
(WE rounded it off – but Walter usually closes more than 100 Salespeople
at a time when he does this.)
Thanks,
Glenn Osborn
P.S. – To Read more about Walters Referral Method – he has a book on Amazon.com called,
“Breaking the ‘No’ Barrier – the Billion Dollar Selling System” – Walter Hailey
Holy crap Glenn, this was AWESOME!!!
You’d totally win a NevBox if you didn’t already win one from yesterdays :)
Thanks for this, some super-valuable lessons here!
I not having penny in my bank and not even work,at moment ,and I need to earn more inorder to sent my four be lover kids , and the about course 20 ,000,pound year ,in year before it is too late ,because ,I would like give them a good education before they get grow and take their own responsibility how can I do that.They it is because I have low education back grand ,and I dnt my kids , to be like me when they
grow.
thank you
fatumata
Simple, I would kidnapp Bill Gate’s Daughter!
But what if it was Bill Gates who had kidnapped your daughter in the first place?
Offer a trade but ask for a $1,000,000 kicker.
BRILLIANT.
If you kidnapped Bill Gate’s daughter the half the US army would be at your doorstep. Next time try someone less popular.
I read a book by Marc Victor Hansen and Robert Allen called the “One Minute Millionaire” this book was fascinating because your question is what the main character went through. Interesting that the book was based off of someone who did it.
To make that kind of money in a month you can’t do it alone. A team of committed people has to be assembled. A mentor who is worth at least $10,000,000 needs to guide the team.
The team will attack various opportunities. MLM, business and real estate investing. The combined efforts of everything working is what it will take, like in the book.
Some important key points: you have to believe it is possible(with the motivation of the child nothing is more motivational), you have to work diligently, and the team must share the common vision and goal. That means as the leader you have to be able to communicate that vision and rally the team, especially when things get rough.
In real estate to make a million you can do it on paper very fast. Buy 10 houses worth $100,000 and you have it. If it’s cash those ten houses could generate $10,000 cash flow. However, you need the million cash so I would buy 20 and do a blanket loan with the bank for half the value. You can easily buy 20 with no money or credit, using a technique called sub2 (subject to).
This opens up a business of speaking and coaching where you can charge $25,000 for personal one on one mentorship. Take some of that money and contribute to the ransom.
Start other ventures like MLM and work it steady.
The fact is it will take multiple streams of income to produce that result. I once read that the average millionaire has 7 different streams of income and the average billionaire has like 200. It’s not any one thing you do it will be everything you do.
True that most people making $1,000,000+/month have multiple streams…..but impatient and kidnapped your annoying kid, so I want it in 30 days!!
I started a blog with that very idea- 7 streams of income. Glad to see the concept elsewhere.
Well it seems unlikely that as an individual working alone I’m going to be able to sell $1,000,000 worth of product in 30 days, I’m just not that good, so we come down to motivating large numbers of people to fulfil smaller tasks and taking a cut.
Is there a service I can broker between individuals, and take a cut, preferably one where the recipients of the service have plenty of spare cash? One springs to mind.
I consult in the city sometimes. People there are plenty busy, and they like coffee, but the coffee in the kitchen is often not up to scratch, and it’s a long way down the elevator and round the corner to Starbucks. I propose a latte delivery service connecting business people who need coffee and are busy with students who have time and need money.
A Starbucks costs around £3, really not much when you’re on £500 a day. I propose an app where a business person can request a Starbucks by pressing a big “Latte me” button on their phone. Clicking that button costs £4.95, automatically deducted from their bank account.
All nearby Latte butlers will get an alert on their phone. First one to accept the mission skips off to Starbucks, buys the coffee and delivers it (this should take them around 10 minutes, and they can fulfil multiple orders at once if they’re clever). Profit is split 60/40 with the delivery guy getting the bigger half. Payment is instantly transferred to the delivery guy’s card.
A sprightly mocha fairy should be able to deliver around 100 coffees a day, which is not a bad takehome for him or her. Profit for me, around £50 per runner per day. That means I need about 615 runners working 5 days a week to fulfill the £660,000 ($1,000,000) challenge.
These could be recruited from universities by putting up posters. “Need an easy £100 delivering coffee for a day? Sign up here…”. I’m pretty certain there would be quite a few takers.
May I have the Nevbox? I’d really like one.
I’m actually quite excited by this idea now. I might just validate it.
You would be loved by assistants who have better things to do then get everyone coffee, that’s for sure!!
Nice idea Chris….sounds logistically hard, but who knows!
PLEASE I WANT TO MAKE THIS MONEY TEACH ME HOW TO
Did you validate this idea. It really sounds fascinating? I would be interested in any follow up information.
Thank you
Carl
that is just an uber coffee service
I am currently working on a coaching program that is subscription based. The original materials to get started are $297 plus a $100 per month membership fee. I will offer a 14 day trial, but after that, they are committed for the full year of coaching.
I only need 668 people to sign up for $1,000,000. There are 130,000 people in my niche market nationwide. That is 1/2 of 1% response rate. All of the material will be electronic, created using technology I already have.
Oops…. missed the month part.
I would offer an upfront discount from $1,200 to $1000 if they full paid for the year. That takes me to 771 needed to hit my $1M. Leaves me with a .6% response rate needed. Still doable…let me go get started!
Yes, I like how doable it is and can be applied to several niches.
Real and resonable numbers due to high margin.
Instead of a info product, you can offer a SaaS tool or flat subscription.
The discount is a good catch to get them involve.
Imagine how Amazon launched Prime TV Beta just for 30d at $69/yr
Then, you improve the funnel strategy numbers.
You need 771 to hit $1mm. Or the following:
just 77 to subscribe for a upsell of $1,000/mo.
or just 7 to subcribe to another upsell of $10,000/mo.
Those upsells will provide a 5x value to be worthy.
Hmm…..668. That’s just 22 a day.
I bet if you were do a BUNCH of webinars and podcasts with people with audiences during the month, you could legitimately hit that number.
I like this response Chris….NevBox worthy!
This is the first comment I read where someone came up with an idea that was good enough for them to actually go do- in the million in a month option, no less!
How to get peeps on the webinars though?
The challenge is really with the 30-day timeframe. That leaves one with the most likely option of getting the money from someone with $100 million+ who wouldn’t miss a measly $1 million. Best to hang out in the informal hangouts of Silicon Valley or Vegas and befriend someone who has fallen back-**s into this kind of cash.
If I had about 6 months, I’d start a so-called ‘Hedge Fund’ and sell my thesis to some hapless pension fund investors. I’d pocket a 2% annual fee for underperforming the market but dazzle them with my insights and frequent all expense paid trips to Vegas.
Welcome to America!
Sandy, this is probably what happens in like 20% of the cases of new funds actually :)
A penny doubled every day is $5,368,709.12 in 30 days, so a measly $1,00.000 should be a piece of cake.
If I had to make a million dollars this month, I could sell my apartment and my business. I don’t want to do either of those right now so, hmm.
Instead, I could team up with a programmer, create a SaaS and pre-sale…BUT that all comes down to copy. Really, really (really, really) great copy.
That is what I will do this month, start a SaaS with a programmer and see how much we can make in the next 30 days. Let’s look at the math, shall we?
A Million Dollars is $33333.33 a day. If my SaaS pre-sale cost $49, how many units will I have to sell? Okay, that’s only 681 units a day. Shit! That’s a lot, that won’t work. . .I’m back to selling my place and business. . . oh, wait a minute!
I think I can do 1,700 units @ $49 in 12 months, that’s a Million, but then I’d be splitting with the programmer, and then there’s hosting fees, so minus $10 a month for hosting and carry the one. . . Hmm.
SO yep, I’d have to sell my place and my business to get a million in the next 30 days. OR:
It can be possible two ways, they are proven methods and they both rely on your copy skills.
1. Write sales copy for a product with a revenue share.
2. Write copy AND manage the launch of a product with a revenue share.
We know this can be done because it is done by several people every week. Most of the bigger players hit over a million in 4 hours to 4 days. . .That means Neville was being generous with his 30 day offer.
Thanks Evan! If you could re-vamp someone’s marketing in 30 days and make them several million extra dollars, I bet you could do this.
This would probably imply you already have an in with the higher ups. But it CAN be done!
It makes me think back The Game launch where F.K. reached out to Neil Strauss and convinced him to split a launch to his list. Also when he took his mentor Tony Robbins and convinced him to give it a try.
Both of those brought in more than a million with 4 weeks or “Real Work”.
Going by a lot of the responses others have posted, it’s obvious this is a smart (and good looking) group. I believe a lot of these folks bring a lot of value and could educate a higher up about some of the opportunities they may be missing out on, and then use their marketing and copy skills to make that Million dollars.
Here’s a real life example of someone who made a million dollars. . .
There was guy who reached out to an info product owner, worked out a split deal and then he brokered a deal with Groupon to sell enough product to make a million dollars. AND he didn’t have to do any of the fulfillment and customer service (I’ve purposely left the details out, as to not break confidence here).
That’s outside the box, but if you can negotiate a rev-share deal on the expertise and value you can deliver, with some work, you can surpass that goal!
What the heck is Saas?
SaaS is Software as a Service
I would come up with the an impossible idea (something that couldn’t be done) that could be easily demonstrated through a video and put it on kickstarter. If it works, take the money and pay the ransom then tell everyone it was for a good cause after I got my kid back.
Bahahaha…..WHO SAYS I’M GIVING YOUR KID BACK even after I get the $1,000,000 :-P
hahaha… Then I guess you’re in this for the $10M, aren’t you?
You can find businesses that will be worth $1,000,0000 in a weekend (chihuahuas come to mind somehow).
But to make $1,000,0000 profit in a month from scratch needs you to create and exchange more value than this (you only get to keep your share of the net profit) with someone else/others that value this even more (otherwise no reason to hand over their $$$$$$$$$$$s).
So that breaks down to 22 sales of something you sell for $100,000 with a 50% margin and $200,000 in costs (legals, ads etc). Make that 24 sales if you have to borrow the $200,000 up front. Net risk is making 2-4 sales in the month to CYA.
So which market will I do this in?
A. In a market I know nothing about and wasn’t thinking about even a couple of weeks ago, but a random intro to help with something else presented the opportunity (this post is an interesting coincidence).
B. It’s a big market and this is something new (sports related)….but needs someone to think of a different business model for it + have a means of quickly connecting and closing high-value sales (and where I come in).
C. There are 3 key parties to this adventure to make it work, so need to repeat 3 times for everyone to trouser $1,000,0000 or go faster in first month….or given there’s a ransom to pay, maybe only fair I get paid out first!
And no….I have no credibility nor contacts in this market to call on to sell this to (and where one of the other parties will help out).
Thanks Ian for weighing in!
Thanks for your post,i’m very much interested in it so how will i go about it?i need the money to start up my poultry farm.
MLM !
:::facepalm:::
Also known as “pyramid scheme” ;-)
i have a couple of ways but as everyone else says things need to go your way. You become a fuel wholesaler on an international version you find a seller who as access and the ability to purchase fuel from a Russian or Nigerian Refinery preferably JP54 Jet fuel or Bonnie Lite a very good grade of oil. Then you go on to energy sites and hunt for a buyer of 5,000,000 barrels. Then you become the facilitator working with the buyers mandate when you arrange the purchase you tell buy he must pay for the fuel before it leaves refinery you charter a few ships by showing that you have an Irrevocable Corporate Purchase Order that means you have a deal then you pick up the fuel delivery to the site that buys it at the port and when it is delivered in the contract the buyer makes 5.00 per metric ton and the seller makes 5.00 metric ton you walk away with a cool 3.5 million in one month. this is done everyday in the fuel market. It is not about what you know though it is about who you know. It is a little tougher than what it sounds but believe me it could be done in one month.
Double Facepalm LOL. That was really funny.
I would go to the go fund me websites and ask for people to donate that I have to get this $ in less than a month or my child would be killed
I might not know a lot about the oil/fuel industry, but isn´t Toms suggestion actually something that could work. Or is it too hard/unrealistic to do without having connections in the industry?
To make a million in about month. Is a straight forward answer. Money leveraging. Offer an investor or someone that has access to 10 people that are looking to invest 100,000.and two friends that have the same. that will be 30 people.
You have now collected 3,000,000. When duplicating this process you will
see that making a million dollars each month will be the minimum.
All in the mind set.
So I’m sitting back wandering, and trying to figure out raising a family of three. How can I become rich, and working an part time to make this dream happen , and become a reality .? So what I’m saying , can you send some information?
Barrow a million from the bank, then put the million into a high interest account, and use the interest to pay off the loan.