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#ONE IN A MILLION YOU YEAR FULL#If it were possible to do so, I'd recommend punching your inner critic in the mouth…but let's not go down that road.īut our world is full of examples of people who have done the seemingly impossible. That's just your inner critic talking, constantly reminding you of what's not possible. Or that now is just not “the right time” for you to get started. That your credit score isn't good enough… You might feel that you lack formal education… The right mindset is often the deciding factor between earning as much money as you need, and constantly trying but never getting there. #ONE IN A MILLION YOU YEAR SERIES#It can be incredibly easy to earn silly amounts of money by simply breaking your bigger goal into a series of smaller ones. It is incredibly difficult to move from a standing stop to becoming a millionaire without a plan. I don't want to tell you what to do, but every entrepreneur should read it. I was introduced to the above principle in the book Evil Plans by Hugh McLeod. In fact, a guy named John Reese very famously used this method to sell $1,000,000 of his Traffic Secrets course in 24 hours. Internet marketers have used the above “profit ladder” to get people to buy into their brand at a very low price point, and then as the years go by, create new premium products or services for their eager audience. This new product costs $1,000, but you've built an amazing reputation in your industry, so you know you can find 1,000 true fans to purchase it from you.īy year five, you have generated $1,000,000 in profit, and without ever having to find more than 1,000 people to purchase what you're selling.īy the way, this projection doesn't include all the true fans who are still buying your $10 and $100 products. Pretty neat, right?Īs your business grows and matures in years three and four you realize that you have a high-end product or service you can offer to customers. You're now sitting on $100,000 in profit. In your second year, you take that $10,000, create a product worth $100, and then sell it to your next 1,000 true fans. In your first year, you sell that product or service to 1,000 people, generating $10,000 in profit. Let's say you come up with a side hustle idea that generates $10 in profit every time you sell it… So, when it comes to making a million dollars let's take a look at scale.Īnd, for the purpose of our thought experiment, we're going to combine the idea of scale with the concept of 1,000 true fans. Operating in the “million-dollar idea” mindset can be very frustrating because you have the desire to become financially independent, but you're going nowhere fast. In fact, it's far easier to come up with a product or service you can sell for $10 to tens of thousands of people than it is to come up with the one big idea that you can sell to an investment company. You see, earning large amounts of money is often more about perspective and planning than it is coming up with an idea nobody else has thought of. Instead of looking for that one big, elusive million-dollar idea, why not look for an idea that will generate $10 of profit? And then repeat that process 100,000 times. Instead, they establish a training plan, repeatedly running shorter distances until they achieve their goal.Įarning $1,000,000 is achieved using the same methodology. After all, how do you go about eating an elephant?įirst-time marathon runners don't wake up one morning, strap on a pair of sneakers, and run 26.219 miles on their first attempt. It's a great idea to break a larger goal into smaller chunks. #ONE IN A MILLION YOU YEAR HOW TO#What if we could show you how to make a million dollars within the next five years? How To Earn Millions: Start With Bite-Sized Goals That amount of cash doesn't mean you can go traveling the world and spending like there's no tomorrow, but you would have enough to maintain a comfortable lifestyle for you and your family.īut maybe you're not willing to wait until you're 65 for retirement? After all, why wait until you're too old to enjoy the money you've squirreled away? One million dollars is more money than most of you have ever had in your checking account and, in theory, it's enough money for you to quit your job and retire early. You also automatically earn the title of “millionaire.” And that's something you aspire to because it means you “made it” in life. That's probably because they see it as being enough money for retirement, or to live the lifestyle of their dreams. ![]() ![]() Achieving a net worth of one million dollars is a goal a lot of people share.
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