Tweet

The Easiest Way to Make a Million Dollars

Written by: Herb Gilliland

Article Overview: Don't even bother reading it, it really is this simple: figure out a way to make everyone else work for you voluntarily, for free.

The Easiest Way to Make a Million Dollars

The easiest way to make a million dollars: have a million dollars. Sure, there are ways to market an idea, build a sales team, and automate your business, but what good is that if you aren't already a millionniare? If you don't have a million bucks: tough cookies. Save your pennies. Sell your soul. Frankly, I wouldn't know because I've never made a million bucks for myself, because others who already had a million bucks took it.

Want to start a business with little or no government regulation, minimal starting capital and a billion dollar potential? Start a software company. Software is fairly unregulated (unless it interacts with regulated industries) and requires minimal starting capital if you are prepared to do the work. Not a software engineer? Outsource your needs to dozens of potential engineers on sites like RentACoder or Guru.com, or hire an Indian virtual assistant who can help you build websites at a fraction of the cost of a US supplier. In fact, leading next to India is Brazil, where the flat US dollar (it has been down in recent months) is still many times that of a Brazilian real. Take into account JFelipe Web Design based in Brazil: $800 USD is the going rate for an advanced Flash site with content sharing features. They deploy PHP, MySQL, HTML, and CSS with compliancy in under 2 weeks.

Businesses benefit from marketing but not all marketing is made equal. You can buy $50 Google Adwords vouchers on eBay for $1, which is a great way to start marketing cheaply on the internet. Blogs, vlogs and the like are also great ways to get the word out and are more effective than print and click-through advertisements when targeted to the right demographic. Give your business a good, viral name: like Twitter, Google, Digg, AddThis -- these are easy names to remember and can sometimes become media buzzwords which only compounds interest in your product or service.

Make your business automatic: reduce the number of required emails to 1 or 2 per week and reduce your workload to as little time as possible. There is no law that requires you to spend 40 hours per week earning your money. Instead, apply automation anywhere and everywhere. For more information on automated businesses that require no inventory, grab a copy of the New York Times Bestseller "The 4-Hour Work Week" by Timothy Ferris. It's one of the greatest contemporary resources on web-based, nearly automatic businesses.

Your goal is to create a cash resource which will give you the financial freedom to explore more lucrative or expensive projects, travel the world or whatever it is that you have been putting off. Save 6 months of salary to break away from your job at the next opportunity. You should keep in mind that there is a signficant difference between the job you are hired for and the job you create yourself. That's a core value of an entrepreneur: to do what you love or want to do, not what was in the newspaper or on Craigslist that fit your "skill set".

Speaking of skill sets, forget about this term altogether. In the modern workplace there are literally hundreds of computer-related skill sets each tailored to a specific industry or industry group. How to learn them all? Pick only the skills that can complement each other: like web design and database automation -- and forget about not knowing something. How many times have you taken a course at your university or high school and thought: I already know this! That's because 100% of technical and business skills were created by other people. You're no monkey or tree sloth: indeed you are a human being, too. As long as you speak English or have a good translator, you'll be able to figure it out assuming you passed Algebra (Calculus also helps).

Most importantly, keep your wits about you. Everyone and their mother will try to get at you if you start climbing the path to success. There's a reason why celebrities have tax preparers, accountants, lawyers and security guards: to seal the breach that can occur. You're just one person: you can't be expected to simultaneously prepare your award acceptance speech, manage your finances, correctly decode 16,000 pages of IRS code, file important affidavits and strong-arm the group of rabid audience members trying to snatch up your wardrobe and locks of your hair to sell on eBay.

Related Articles
  Build a Financial Plan “as you see it”
  #60 How to Setup a Budget and Goals for Your Website
  Ask Questions … and Get Rich
  Home Based Business Opportunity--Formula for Financial Freedom
  List Building the Way to Six Figures From Home

Article Tags: business, exploitation, million dollars



Related Forum Posts
Re: How To Be Rich - [quote="TheRainmaker":tst8wsa8]Sounds great. What exactly have you found to be eye opening??[/quote:tst8wsa8] The first eye opener was measuring wealth by your total assets 1 Million - 2 Million Pounds The Comfortable Poor 2 Million - 5 Million Pounds The Comfortably Off 5 Million - 15 Million Pounds The Comfortably wealthy 15 Million - 40 Million Pounds The Lesser Rich 40 Million - 75 Million Pounds The Comfortably Rich 75 Million - 100 Million Pounds The Rich 100 Million - 200 Million Pounds The Seriously Rich 200 Million - 400 Million Pounds The Truly Rich 400 Million - 999 Million Pounds The Filthy Rich Over 999 Million Pounds The Super Rich
$1,000,000 - Hi Evan, Are you talking about US Dollars? If so, that would be approx £500,000 in the UK. The Canadian Dollars differs also from the Australian Dollar. In any case, one needs to solve problems to help people to get money. The more solutions are given to people's needs to solve their problems, the closer one gets. Finally, are we talking about 'Income' or can we talk about 'Asset'? Kindest Regards Beat "Unlock People's Potentials!"
Re: Quote of the Day - "The only people witho - Thanks for sharing this Evan, there are some very powerful quotes in there, I particularly like this one:- You are now at a crossroads. This is your opportunity to make the most important decision you will ever make. Forget your past. Who are you now? Who have you decided you really are now? Don't think about who you have been. Who are you now? Who have you decided to become? Make this decision consciously. Make it carefully. Make it powerfully. regards, Mal.
Re: Facebook's Mark Zuckerberg the youngest list on Forbes 400 - Lucky man! I'm only worth $750 Million so I didn't quite make it. LOL
List of a few legitimate online business - Well My main methods to make money so far are adsense,affiliate marketing and freelancing and I think these are some more sites that can help me to make some more money.Your reviews are welcome: ::linkworth dot com>This site is awesome and offer lots of ways to make money. ::mturk dot com>complete simple mini task and get paid ::microworkers dot com>complete simple mini task and get paid ::shorttask dot com>complete simple mini task and get paid ::istockphoto dot com>sell stock photos ::eHow dot com>Make money writing ::Bukisa>Make money writing ::Associate Content>Make money writing ::Triond>Make money writing ::fiverr dot com>$5 freelancing job ::cpalead dot com>make money by completing offer ::peerfly>make money by completing offer


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Do You Pretend To Listen To People?

Five Ways to Show Honest Appreciation

What Is The Foundation for Your Vision?

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.