A million dollars is the goal many are aiming for when trying to establish a wealthy lifestyle. There are a million ways to make a million dollars, but there’s one place where almost everybody has a chance to make it happen – The Internet.
Believe You Can Do It
If you think your dream of making a million dollars is gone or too big, you need to think again. Even if you don’t have enough capital to invest or a high ticket offer paying you a high commission, you can still achieve it through the internet. In fact, there is no better place to make a million dollars than through the internet.
To put this figure into perspective, you will have to earn $2739 every day to hit that mark in 365 days. If you are patient enough, you can hit it in five years earning $548 a day, or in 10 years earning $274 a day. It’s doable, right?
I have compiled 9 gems that you can focus on to earn good money. My recommendation; focus on one until it starts earning you reasonable income then add a second and a third into the mix.
Leveraging
Look for something that has been proven and multiply your efforts. For instance, you can create a product line with great affiliate programs. Focus on finding the best affiliates to sell those products. You will be leveraging their sales for your gain.
There is a saying; I can’t recall who said it, that it is better to have 1 percent of the efforts of 100 people than having 100% of the efforts of one person.
Now, imagine getting 10% of the effort of 100 people! To get the 100, you might need to recruit 1,000 affiliates, but the efforts will be worth it. There are authors on ClickBank who have earned more than a million dollars by doing this.
Scaling
If you create a product and hit the ground running, don’t stop. Create similar products but now charge more and sell to the same customers.
Create related product lines as well and then once again sell to your existing customers. This will help you attract more customers to your products. Your aim is to attract more customers so as to have a larger share of your market – this will help make you a market leader.
Coaching
You start with a few clients and grow from there. Leverage your program with affiliates. You can be doing one-on-one coaching, group coaching, coaching memberships, and coaching events.
Imagine organizing coaching events in different cities every two weeks, with entrance fee being $997. You would only need to get 39 people attending in each city to hit that million dollar mark.
You think this is impossible? Ask Tony Robbins- he earns close to a million dollars for every event he organizes, and that’s pure profit. In case you want to know a little more about him, his net worth is around $480 million.
Continuity
If you were offered two opportunities, one where you make a one-off profit of $40 and another where you can make $10 a month for one year, which would you take?
Companies like Netflix, cable companies, hosting companies, etc. all have something in common – continuity and the ability to make money month in month out.
Similarly, you need to find something that people are willing to pay for regularly, then grow from there and use leverage. With that, you have a proven wealth formula.
So, where should you start? You can start offering an online automated service or software. You can begin by giving away free trials and after that people get addicted to it.
Consulting
If you are good at marketing or business, consider working with existing businesses for a share of profits. For instance, you can work with a publisher to market their product, and in exchange, you get half of the increased revenue.
You deserve half of the revenue because were it not for your efforts, they wouldn’t have earned it so, it is a win-win situation, and you can make good money. You can start with small businesses offering valuable products and work up to bigger ones to make million dollar deals.
JV Broker
There are many businesses outside the IM field who don’t know a thing about doing joint ventures. You can make deals with them to promote their products to their existing customers for a share of profits.
For instance, you can broker a deal with an online fitness equipment seller with a customer base of 100,000 customers and prospects, you simply advertise their product and take a percentage of their profits.
You can make more money by writing a series of emails and set it all up. One deal could make you a couple of hundred dollars to a million dollars, depending on the effectiveness of your emails, responsiveness of the list, and how well the product matches to the desires of the list, among other factors.
Be Cheap
More often than not, you will find out that you are selling a product that is in-demand and it’s being sold by many different sellers. How do you stand out? By selling it at slightly lower prices and still making a profit. You could earn good money by doing this.
For instance, Swanson Vitamins offers all their herbs and vitamins at lower prices than mail order sellers and their competitor’s stores. You can find nearly all herbs and vitamins imaginable in their store.
For about $11 a month, you can get unlimited streaming from Netflix- that’s about the price you used to pay to get two movie rentals, and not forgetting that you had to go to the stores and also return them.
Hosting is another great example of a service that was beyond reach for many people until one company decided to offer website hosting for just $10 a month and later lowered the price even further.
Of course, these are not opportunities you can find available every day, but if you keep your eyes open and you are not afraid to take that giant step, your company could be the next Netflix.
Be an Authority
When you have a name that people recognize, they will want to do business with you. In fact, if you are famous or authoritative in a particular industry, you can charge a top dollar for your service or product.
Just compare a handbag in a discount store and one bearing the famous Gucci name on it. The price difference is ridiculous, especially when you realize there are not different in terms of quality.
Ask yourself, could Tony Robbins fill an entire auditorium charging $1,000 if he weren’t famous? I don’t think so. How did he get there? Through infomercials. That’s it- he bought his way to fame. Do outrageous things, put out press releases, and get your name known in your industry; become a mover and shaker.
Be Oprah
Of course, you cannot actually be Oprah, but look at how she started. She got rich by hosting a talk show and making her guest look good.
You can now host your own show, thanks to the internet. You can do a podcast or video, or both. You can interview anyone on various topics, as long as they accept your invitation. You can become famous and use your name to get rich.
Maybe you are asking yourself, how? Choose a niche and come up with a show. Invite authoritative people in that niche to interview them and promote their products.
Now that I have shared the nine methods with you re-read them. Which one do you find most appealing? Which one excited and motivated you? Which one is doable for you?
Notice something? You are no longer weighing out whether you can make a million dollars or not. Instead, you are now thinking of how you can make a million dollars. Change of mindset, right?
The first step to making money is believing that you can do it. From there, you choose a plan of action, and then you take those steps to make it happen.
