Wednesday, December 26, 2018

How Can You Make a Million Dollar in a Year

 

Your first million Dollar will work for your while you take rest.

How to make your First Million Dollar
I remember the story of a group of frogs that were wandering around the forest. Two of them fell in a pit. They started to jump up and tried to get out of the pit. Other frogs gathered around the top of the pit, started to encourage the frogs to jump up and get out of the pit.

After many attempts, the frogs gathered around the pit started to yell at them that they cannot come out of it as the pit is too deep for them to jump out. One frog accepted the defeat and fell tired and died. The other one did not.

Frogs on top of the pit yelled at the frog to stop the attempts and told that you will get tired and die as the pit is too deep for you to jump out. As they yelled, this one frog tried even harder.

Again the frogs on top yelled at the top of their voice that stop trying to jump out. But this frog tried even harder and finally got out.

Naturally, everyone wanted to know the secret of not stopping and trying harder even after they yelled at it to stop the attempt.

It turned out that the one who jumped out was a deaf frog and she thought that the other frogs were cheering her to jump up and get out of the pit.

When you start your attempt to make a million dollar in a year, you will face many people who will be telling you that it is impossible for you to make that much money in a year. Turn a deaf ear to such people.

Thomas Edison never saw a light bulb in his life before he started his research to find a metal that will generate light while electricity passing through it.
Chinese Billionaire Jack Ma, founder of Alibaba group never thought that he will be a billionaire in a few years when he got the idea of building a platform to sell products to the customers through the internet.

Bill Gates, co-founder of the Microsoft, never seen himself a Billionaire when he started Microsoft. Warren Buffett, Investor and founder of Berkshire Hathaway, Mark Zuckerberg, founder, and CEO of Facebook, all are ordinary people who got an idea that made them, Billionaires

It is possible to make as much as the money you want to earn in a year. Yes, it is not a lot of money. Making the first million will take effort, focus and time.  The second million will be easy as you gained experience from making your first Million. Also, your first million will be working for you while you work for your second million, then repeating the process will make you a Billionaire soon. Just start the cycle, and then the money will work for you while you pursue your dreams.


You may be wondering, is it possible to make a million in a year? Why should I have a million dollars in my account? Through this article, I am trying to address all these concerns. Please feel free, relaxed and continue reading with careful attention and take notes.

Why do you need your Million Dollar in a Year?


Remember you only have 18,250 days to live in this world. (assuming that you are now 21 years old and live up to 71 years) Time is very short and life is very short.

I am not talking about the traditional way of investing money. There are people out there who will tell you to invest $1,500 per month for the next 50 years and in the end, you will be a millionaire. No, I am not talking about making a million in your lifetime. I am talking about making a million in a year. Moreover, what is the use of a million dollar at your death bed?

The sad part of our life is that we have very less time to live on this earth. It is a foolish thing to set aside our desire of becoming a millionaire for a later date. That is why I am stressing the time limit of one year to make our first Million Dollar. If you make your million at the deathbed, you won't be able to enjoy it. Your sugar level and cholesterol level will not allow you to taste that good food. You may be not in a position to travel around a world and see the wonders of the world.

It is not that it will take one year if you are smart enough, it will take only a few months. If you didn't make it in one year, don't worry, pursue your goal till you get it. The faster you get it, the more useful it will be. If you get your million dollars on your deathbed, what is the use of it? The earlier you get that Million Dollars, the earlier you will start enjoying your life.

Why do you need to become a millionaire?
There are few reasons for becoming a millionaire. You can enjoy your life and pursue your dream. If you have money, you can give it to the one who is in need. You see that one of your friend or a neighbor is in need of money and you have the heart to give, but if you don't have that money in your pocket, how can you help him? Having enough money with you is of great importance in this present world. Supporting your old aged parents, supporting your kids and helping others in need require money in your pocket Enjoying your life needs money. Money can buy many things.

On line Marketplaces are a good way to generate income










Generate income through selling online
Generate income through selling online

Some proven ways to make a Million.

Make Youtube videos.
"Despacito" a YouTube video, Luis Fonsi featuring Daddy Yankee uploaded on January 12, 2017, has 5,763,590,545 views( 5.7 Billion). As per the estimation of industry experts, it has made 2 to 9 million Dollar in its first year itself. It is not an English song, it is a Spanish one.

If you have a camera and love to record events, places or processes of making things, you may share it on your Youtube channel by using your Google account. After a certain hour of the viewership of the video, Youtube will review your account and will be paying you for the advertisements run on your video. You need to have an associated Google AdSense account for earning money on your Youtube Videos. This is another way of making passive income for you.

Once you have set it up, it will generate money for years. Wherever you go, you can make videos of that place or work process or anything interesting to people. A little bit of research on the internet will help you to set up your Youtube video channel. Informative and engaging videos will attract many viewers to your youtube channel.

If you have an idea for a business, then great. If you don't have an idea of your business interest, you may take help from experienced people. Most of the pieces of information are freely available on the internet. Take up the most interesting business idea which you like and love to do. It will accelerate your speed and reduce the boredom of doing it.

A Million Dollar Referral Business.
Affiliate program which will bring commission is an online way of making money.

DirecTV pays $10 per referral fee every time when someone signs up with DirecTV because of your recommendation. If you can recommend 8,334 customers per month through your blog or website or any other means, you will be able to make a million in one year.

A Million Dollar Cookies Business.
Another option is that if you can offer good quality cookies with a reasonable profit and you increase the customer base, you will be earning a million dollar in a year. Suppose you make cookies for $ 20 and sell them for $50. That's $ 30 per month earning in gross profit. If you have 2800 people on such subscription who give repeat orders every month, you will be a millionaire at the end of the year.
You may sell it online as well as offline. You may employ some salesmen and share the commission with them. In this way, you can buy the time of other people for your growth.

Elise MacMillan: She had teamed up with her grandmother to make candy ever since she was a toddler. At 11, she worked with her brother in a commercial chocolatier and founded the Chocolate Farm. She earned top spots on lists by Ernst & Young and several other accolades.

Where there are people, there is a demand for things which are used in our daily life. Think of selling products like toothpaste, soap, washing powder, napkins or whatever you can imagine which you use in your daily life.

A Million Dollar App making Business.
If you are into the software business, you can make an app which is useful for the general public. Showing google ads on your app will generate passive income for you while you undertake another income generating activity. Some of the million dollar apps were generated by non-coders. If you have a good idea, then you can take the help of some coders who will build it for you.

Robert Nay: A self-taught coder, when Nay was just 14 he drummed up 4,000 lines of code to create the Bubble Ball game. He made it free to download on Apple, and in two weeks more than one million people had downloaded it. He earned $2 million in those two weeks.



A Million Dollar Website Business.
Alex Tew, a student from Wiltshire, England, created a website in 2005 to raise money for his university education. The Million Dollar Hompage, a website consisted of a million pixels arranged in 1000 × 1000 pixel grid; the image-based links on it were sold for $1 per pixel in 10 × 10 blocks. In four months’ time, word of the page had gone viral and it sold out. Tew had achieved success, fame — and his first million. And he dropped out of university that December.

Carl Churchill: The British entrepreneur started his first Web design business at age 12. Today he's worth around $10 million, but he made his first at 19. Dubbed the British Bill Gates, he's also a philanthropist and venture capitalist.

Sean Belnik: With just $600, Belnik started an e-tail shop at 16, beginning with small items such as trading cards. He then moved on to furniture, founding BizChair.com and proving a knack for the market. By the time he was 20, he was worth $24 million.

Nowadays, even websites can generate a million dollars in a year for you. There are successful websites which generate a lot of money for its owners. A niche website can attract more visitors, and you may sell related products on a commission basis. Or you may recommend other product links on your website. Google AdSense is another way of earning money from your website. You may also sell e-books of reputed writers through your website. Once you set up the website and online payment facility, you may sit back and enjoy the commission on your sales. Generating enough sales can help you to reach your goal of a million dollar in a year.

Blogging
There are successful bloggers who write blogs for a particular subject. and sell products of that particular area. Also, show advertisements on your blog. You may use Googles platform Blogger for publishing your blog. There are many platforms are available for you to start writing. Hubpages.com
Hubpages is a revenue sharing platform for good writers.

Michael Dunlop: He dropped out of high school after his dyslexia had teachers telling him he'd never be successful. He founded IncomeDiary.com, which today boasts a 12,000 rating on Alexa and earns him a hefty six-figure income. While his blogs aren't flawless grammatically, his business advice is spot on.

A Million Dollar Property Business.
This needs a huge initial investment. If you can afford to purchase an old house and renew that house with minimum expenses, then you can sell at a higher price. This needs good knowledge about the property value and knowledge of undertaking the renovation. The margins of this business are huge. Buying property and adding some value to it and sell it on a higher price is the key to this type of business. You may Google and get more insights from the experienced property dealers to accelerate your profit.

Gary Martin: This Irish early entrepreneur began running his own nightclub at the tender age of 15 (the drinking ages in the U.K. are vastly lower than in the U.S.). By the time he was 17, he had moved on to property management. By 18, he was worth $20 million and counting.


Invest in Stock Market
The stock market is the best option to grow your money. Invest in low-cost shares which have the potential to grow high. There are shares which cost you $1 and also there are shares which will cost you $1,000. There is more potential for growing the least valued shares as against the high-value shares. The basic funda is that buy at a low level and sells at a high level. Deciding which one will grow need market research and business study.


Winning a Lottery
Every other day you are hearing about a lucky winner who won a million dollar through the lottery. It is sheer luck. But if you are not trying your luck, how can you be that lucky winner. Buy lottery tickets whenever you get a chance. Either you will be a winner, or you are making someone else a Millionaire.

Sell your products through Amazon or eBay. (Online Marketplace)
There are people who make millions by selling their products using online marketplaces like Amazon, eBay, Flipkart, Alibaba etc. This requires setting up an account and connect the same with your bank account to get the money paid to you. You have to stock your goods in the Amazon warehouse or use an easy-ship facility of Amazon to do the business.
Some important points to remember before you select your product or services are:

1. Reasonably priced product.
2. Having a decent-sized Market.
3. Good profit margin.
4. A consumable product would sell on the monthly/weekly/bi-monthly basis.
5. Online subscription of product which is on auto-pilot.

Beware of get rich quick scams.

How One Woman Went from Homeless to Millionaire In Less Than Two Years. This story of Dani Johnson is very interesting to know how she becomes a Millionaire from scratch.

I have just listed out very few ways to earn good money in a year. If your brainstorm, or google, you will find a lot many ways to make your one million in a year.


Making a million dollars is not as complex as many people believe. Play with the numbers. Here I am giving you an idea of what is a Million Dollar is.
Earning $1,000,000 can be:

500,000 people or customers paying you commission of $ 2 each (that means you are selling products to 41,667 people who pay you $2 commission per month)

Or 250,000 people or customers paying you commission of $ 4 each (that means you are selling products to 20,834 people who pay you $4 commission per month)

Or 100,000 people paying you commission of $ 10 each (that means you are selling products to 8,334 people who pay you $10 commission per month)

Or 50,000 people paying you commission of $ 20 each (that means you are selling products to 4,167 people who pay you $20 commission per month)

Or 10,000 people paying you commission of $ 100 each (that means you are selling products to 834 people who pay you $100 commission per month)

Or 1,000 people paying you commission of $ 1,000 each (that means you are selling products to 84 people who pay you $1,000 commission per month)
In short, if you have a product or service that will bring $ 84 per month and you have such 1,000 customers is enough to earn one million per year.









The first step first: Clarity of your Goal.

Set your goal first.
You must have a clear goal of what you want to get what you desire in your life.

If you want a house, you have to decide that you need a house. If you don't know what you want in your life, then there are chances that you may be missing the purpose of your life.

One day you get up and started laying bricks and someone who passing by asking you, what you are doing?

Then your answer is "I don't know."

Which means you are not in sound health or in sound mind. People think that you are out of your mind.

If you answer is "I am building a house, It will have two baths attached bedrooms, one living room, kitchen, garage, etc." Then they know that you are on a mission to build a house.

In this case, what you want is already finished in your mind with clarity. Even though it is not materialized physically, it is already materialized in your mind visually. Now the work is an easy task. As you build your house, you may make little amendments here and there as required. But the final outcome will be a house which will be as visualized by you and suitable for you to stay and enjoy your life.

The clarity of things you want to achieve in your life is called your goal. You may not have seen it physically, but in your mind, you can visualize what you want.

Suppose if you want to earn 1 million dollars in a year. You can divide it into small goals. How much you want to earn in a Month to get that amount at the end of the year. Then you may divide it into the weekly goal and hourly goal.

Giving below an example:

Suppose you want to earn $15,000 in a year you can divide it into a monthly goal.

You have to earn $1,250 in a month reach your yearly goal. (15,000/12)
You have to earn $ 312.5 in a week to reach that monthly goal. (1,250/4)
You have to earn $ 62.5 a day to reach that weekly goal. ( 312.5/5 Assuming working 5 days a week)
You have to earn $ 7.82 an hour to reach that daily goal. (62.5/8 Assuming 8 hours work a day)

Now it is clear. You want to earn $ 7.82 an hour to reach your yearly goal of $15,000 balance in your account at the end of the year. (This is the savings excluding your expenses and living cost.)

After the first month, you will have $1,250 in your bank account. Then put that money into work. I mean invest that money for better returns. Look for risk-free investment opportunity otherwise, you may lose money by investing in the stock market as it is volatile.

If you want to make one Million, you can divide it into monthly, weekly and daily goals and look for ways or ask the questions like what can I do to earn $20,000 a day? And do the work. Take action.

Higher the goal, greater the work needs to be done.

Let me tell you the truth. This world will not give you something for nothing. If you are aiming for one Million or one Billion a year, you will have something which is worth for that money to offer.

Visualize your dream










Visualizing your dream will energize your brain
Visualizing your dream will energize your brain
Relax and see the future
Relax and see the future

The second step is to visualize or remind your Goal to yourself.

Sit back, relax and visualize your goal.
As we go through the difficulties of our daily life, we often forget the purpose or goal of our life.

Now the goal is there. You know what action is to be taken to get that desired result. But there are chances of putting off the work to be done to reach that goal.

To remind you about the goal daily, you need to write it down in an affirmative sentence.

"I am so happy and grateful for the fact that I am Now Earning $______" a month.

To remind you the same, you have to read the statement as soon as you get up at least 10 times.

Then you have to visualize that you have that much money in your account and feel the feeling of having that money in the account. Feel it in your mind and body and relax. Smile.

You may visualize how you will spend that money. Just sit and relax and feel that you are having that much money in your account. Thank God for giving that money and feel grateful for it.

Before you got to bed, you can do that once again. Reading the affirmative sentence and experiencing the feeling of having that money will activate your brain cells and motivate you to take massive actions to get it. Doing it daily two or more times will energize and activate you and prepare your brain cells to take action. That will help you to figure out what is to be done to achieve that goal or dream.

You may also create a vision board with a picture of the lifestyle when you earn a certain amount of money. It could be a nice house on the beach, or a luxury car or a nice office building or a vacation or a charity activity you will do when you get that money. Get a clear picture of that. You can paste it on your wall where you get to look at it daily or on your desktop or your computer. This will very often remind you about your goal.

This activity will help you stay focused on your mission.

Knowing is not enough, take action










Third step: The vital part of attaining your Goal - Take Action

Take massive Actions.
Ask yourself a question every day. "What should I do to get that money?" or "How can I Get Rich?" The answer to that question will give you what action you need to be taken to attain that goal. That action part is the vital step to reach the height of your goal.

If you miss this part, at the end of the year, you will be at the same position where you started.

If you need good health, you have to "eat an apple a day." Eating the apple is the stepping stone. You must be in control of your life. You have the knowledge of eating one apple a day can keep you healthy. Whether you like it or not, it is the only way to stay healthy. You take control of your life. Your mother can't do that for you. Your brother or your wife wouldn't be doing that for you. You have to do it yourself. You can't blame anyone else for not eating that apple. You cannot blame non-availability of the apple. Understand, it is you and your body needs to stay healthy. You need to make sure that an apple is available each day for you.

There is no stage. There is no announcement that you are eating an apple. The first day, there is only you and an apple. Without the knowledge of anybody else in the world, you are sitting there and eating that apple. You have taken that baby step towards your goal of staying healthy. As we all know that there is no elevator to success and you have to take the stairs.

The second day is the same for you. You and an apple. For the healthy future of your life. This is another stepping stone. You are now in control of your health. James 4:8 says “Draw near to God and He will draw near to you.” (NKJV)

On the third day and on the fourth day you are nearing to your goal. When you take one bay step every day, then the goal is nearer to you than yesterday. When you take one step, your goal is also taking one step towards you. One day you and your goal will meet each other. You are healthy and happy. You may not remember the pain of yesterday when you are enjoying the fruit of your hard work today.

This is just an example. The action part may vary from person to person and goal to goal.
When you say to yourself that "I will remain glued to this chair until I have thoroughly revised the chapter 6 of Physics subject" and not moving until you have done it is the determination to improve your grade.

At the end of the year, you cannot blame the government or economy for not having what you want. You can earn when Democrats are at the White House. You can earn when Republicans are at the White House. It is up to you to make sure that you are earning irrespectively of whether it is a rainy day or sunny day. Bridging the gap between your goal and attaining the goals are called "Action." This is the most important and vital part of success. This part is missing in the life of those who are failures.

A student wants A+ grade in his studies. He knows that he should study to get that A+. But after his school, if he is not controlling his time, then he will end up in low grade. The time to study is very important. He can play as hard, and he will get tired. He can watch TV the whole day as it is easy and he will be enjoying it. You can spend hours on social media like Facebook and Instagram. Your time is under the control of you. You can spend it as you like. You have 24 hours a day. President Trump also has 24 hours a Day. How wisely you are using your time? It is up to you. If you are a student, remembering that mathematical formula is a baby step towards attaining your goal of getting A+. Learning that experiment and making yourself able to write down and draw the diagram is another baby step towards that goal.

When you take that baby step, no one will appreciate that step. There will be none to say "very well, you have done a good job." You, yourself in that tiny study room sitting and studying. But when you come with an A+ grade, everyone will be out there to congratulate you.

Knowledge of your goal and desire for attaining the goal will not take you to your destiny. What you do today will decide your destiny tomorrow. Take focused massive actions every day to attain your goal. That is the only way to reach your destiny.

Take action. Do it now. Do it today not tomorrow. Procrastination will not help you. Taking action is the most important part of reaching your destiny. I am writing this article and sharing it with others is my action part today. Getting paid for a good article in the coming days will do its part tomorrow.

If you follow these steps and remain committed to it you will make as much money as you want in your life.

Stay focused, Stay Blessed.

No comments:

Embracing Free Will: Navigating Temptation and Choice

I questioned God why I was born without the inclination to sin. His response was clear: the choice to sin or not lies with me. Adam, too, wa...