How Would You Make $1,000,000 in Thirty Days?
Who wouldn’t want to be a millionaire, except perhaps a billionaire?
Mind you, I don’t expect that many people will actually have an answer for earning $1,000,000 in thirty days, especially starting from scratch, but the purpose of this exercise will be to get the creative juices flowing.
Some ideas are obviously going to be out. There are some things you cannot scale up. For example, if you write articles for $50 a pop, you’re going to need to be able to write 667 articles a day to earn a million bucks in a month. That’s probably not humanly possible. The record for typing is 216 words a minute. If you were being paid $50 for a 500 word article, worked a 16 hour day, and didn’t need any time for research or thinking, and could match that typing speed record, the most articles you could churn out in a day would be 415.
But that’s not very likely, is it? Of course, you could outsource, so, with outsourcing, it becomes a possibility. But, is it reasonable? You’re starting from scratch, remember, so you’d need to recruit writers and clients. And, you may need to recruit someone to oversee the writers or find clients. So, could you do it? Well, that’s a question you’ll need to answer for yourself and, if you think you can, why aren’t you doing it?
Another option is to find high-profit items. The downside is that, starting from nothing, it’s going to be difficult to get the high-ticket merchandise you would need. However, commission-based or affiliate marketing could be a possibility here.
But, let’s say you’re working on a 10% commission. You would have to sell $10,000,000 worth of product in order to earn your million dollars. If you promote a product that sells for $100, you’ll need to get 1,000,000 people to buy it in order to get your $1,000,000 in commissions.
Instead of promoting a physical product, you could promote a digital product. Some of these may offer commissions of 75%. So, let’s say you find a digital product that sells for $100 and gives you a 75% commission. Now, you only need to find 13,334 buyers by month’s end in order to earn your cool million.
Still sound too hard? Well, how about trying high ticket items that give you a large commission. For example, I think I’ve seen something that paid $5,000 in commissions upon a sale. I think it was jewelry or something. At that commission rate, you’d only need 200 buyers to make a purchase in order to earn a million dollars. That sounds easier than 13,334, doesn’t it? Two hundred is just seven people a day. That sounds more achievable than 445 sales a day, no?
That one’s going from memory, but here’s one I can verify. I am looking at a product right now that pays a $1,500 commission. That’s just 667 sales in a month that you would need in order to make $1,000,000. That’s 23 people per day. Another product has a $425 commission. That’s 79 sales per day, which is tougher, but not out of the question.
It’s all a matter of reaching the right audience. Instead of pushing low ticket items, consider going for the big ticket items. Either way, it’s a matter of finding an audience and providing something they want or need. People tend to gravitate toward pushing cheaper items, thinking they are easier to sell. But, if you’re connecting people with a solution to their needs, is it really more difficult to sell an expensive item than a cheap item? If people can afford it, they don’t mind spending money in order to get what they want or need. That’s the point of money, right, to get what you need? And we all want to make more money in order to get the things we need.
The thing is, when you shoot for the roof, you’re probably not going to much farther than that. If you shoot for the moon, you’ll be among the stars even if you miss.
So, let’s say you try to sell high ticket items in order to earn $1,000,000 in a month. Let’s say you promote something with a $1,500 commission. Are you going to be disappointed in yourself if you only make 5 sales in a month? Compare that with pushing something that gets you a $10 commission. If the amount of work and effort is about the same, are you going to be equally as disappointed if you only hit 5 sales?
Anyway, those are some ideas for making $1,000,000 in thirty days. What methods would you try?
This is a really great post. I do think its possible to make a million in 30 days if you have a good product and a good plan that you will actually follow. Of course selling higher priced items would be the quickest way to achieve this goal. I think I might give it a little test run and see if I can reach a million a month. I already have a product in mind that I would promote and I know exactly how I would promote it. This actually inspired me. Thanks!