10 different ways you can make a million dollars

 

10 different ways you can make a million dollars for little or zero money down:

you can apply this to $100,  $1,000,  $10000, or $100 million. You can do any of these, add or subtract the number of zeros that you feel comfortable with;

Now lets talk about different ways to make a million dollars

Sell something For a Million Dollar:

The first thing that you can do if you want to make a million dollars, you can sell something for a million dollars, and as crazy as what I'm saying sounds you absolutely can sell something for a million dollars. If you go to an e-commerce Store and they're doing $100 million a year. You say hey, if I can increase your conversion across your entire site, rewrite your emails redo your landing pages and I can get you a 5% lift. Can I get 1% of that? 

So you make them an extra 5 million a year you get one? Do you think you can do that? Yes. Why are you gonna be able to do so much not because of you, but because of who they are? You make a million dollars by selling someone else five to $10 million of value and you're like, I don't know how to do that. That's fine, but accept that you don't have to do that. And then say I want to learn how to do that and then go get the skill of doing that and then you can go sell it. You can't say that you don't have the money and that's why you can make money.

Barrow a Million Dollars:

The second one is that you can borrow a million dollars and then buy something and have someone else pay it back. It's fundamentally what real estate is. You borrow money to buy an asset. You put tenants into the asset. They pay off the money that you never had. That is what real estate is.

 And I'll tell you a quick story on this. So buddy mine got into real estate and was flipping houses didn't think there was a lot of money and it was like Oh, this sucks. There's so much work and there are almost 10 so he ended up buying a 14-unit apartment building with someone else's money he didn't have any bought the apartment building and then sold it four months later for $500,000. 

And he made 500 grand in one transaction. And so then he realized that the more expensive the building he sold, the more money he made. Then he started getting into commercial real estate which is even more expensive. He's like wait for a second, I can buy something for 10 million, and I can flip it to somebody for 13M and not even hold on to it for that long. He started flipping 30 or 40 of these a year with just him and a couple of years. 

Refinance Something:

So number three is you refinance something for more than you bought it. So if you're like, I don't know if they'll do that they will if it's priced low enough, so if you have to go talk to 1000 building owners, you will probably get one of them who's willing to depart for their thing for significantly less than it's worth and a bank will loan the difference. 

And you don't have to put any money down out of pocket. Let's say you have $100,000 in our house and you get it under contract for $80,000 from them saying that they're willing to give you the house for $80,000 And then you say cool, I can give you $20000 And then you got to sell or finance me the 10 over the next five years. And they say sure. And now all of a sudden you just got to get the bank and the bank finances 80% And now you actually just made the difference if you want it to and you can take that number and you can do it at $100 million. You can do it at any of these levels. That's the concept is that makes sense.

Get Contract:

Number four is that you get a contract for something for less than it's worth and then you sell that contract. An option is a contract to say that you will be able to buy something at a future date at a price that is agreed upon today. That's what an option is. If I agree upon a price to somebody today that I was getting the option hoping that it is worth more versus selling the option is hoping that it's either worth less than that in the future. Or doesn't mean it's gonna change significantly. It will just get paid for that tiny option for the contract itself. 

Let's say you've got a million-dollar house now you call a bunch of houses and you're gonna be offering 20% below what the market rate is that you believe that eventually you're gonna get to somebody who's like, you know what, I've had this house for 30 years. 

I bought it for 800 grand, you know, I'll take the 800 Grand you think it's worth more than 800 grand and you say thank you, I'm gonna send you a Document Sign they signed that you have an option period, but you flip the house, you can go to a real estate investor and say, Hey, I have a house for $900,000 on sale, right? It's worth a million the guy says okay, sure. I'll sign for 900 grand This guy is gonna put 900 grand in, you're gonna pay 800 grand to this person and then you make that 100 in between and you put no money down.

Sell Something That’s Really Expensive:

The next one you can do is it you can sell something that's really expensive to get a commission. Sounds really simple. You sell a skyscraper that's $100 million skyscraper. You'll get three 4% of that deal, three or $4 million on a single transaction. If you sell a $20 million residence and you might like that's crazy. They exist. Look on Zillow. The realtor gets five  percent of the transaction that's a million dollars. They never own the asset.

Find Somebody Who Has An Audience:

The next one is that you can find somebody who has an audience buy whatever they're about to launch early, and then sell it later. Now that one does take some money, it's less but the value of the thing later that's helpful lose. This is how the entire NFT thing worked is that you have tremendous demand for a scarce resource. They have the scarce resource, and then it balloons the price because there's so many people bidding against each other to get it and so getting it early on those types of things, which is why if you buy into something pre IPO, it tends to almost always go up simply by the fact that there's way more eyeballs that are competing most times.

Selling Some Product/Units:

 The next one is selling units of stuff super simple, but people don't do the math. I don't even like confining it to a year but you know we do live in time and so I will explain it that way. If you wanted to make a million dollars you got 52 weeks in the year about $20,000 a week is what you got to make 20 times 52 is technically 1,040,000 for the internet trolls. How many different ways can make 20 grand in a week? Well, you can sell 20 People are $1,000 things to people a $10,000 thing one person every four weeks and $80,000 thing on a weekly basis. 20 people who have $1,000 lifetime value. For example, if you have $100 month membership and the person stays for 10 months on average, then if you sell 20 of those every week, over time those will stack up and then you were capped at a million dollars. And the only way to grow from that new million is either you got to sell more units or you got to make the thing that you're selling worth more. That's it.

Buy Businesses For No Money Down:

The next one is that you can get people to give you their businesses for no money down. A good friend of mine actually did this and he combined four different information businesses into one business. They were all small businesses they were all doing about a million a year. I get small relative but like so he combined them all to be a $4 million top line and really didn't have bottom line business for no money out of pocket. 

He literally said hey, I know you don't want to do this business anymore. Just give it to me and I'll pay you the income that you were gonna make this business the next two years and they said sure. And so he combined all these businesses together and then overnight, she owned an asset that was doing a million and a half to your profit and 4 million and toppling it. 

It cost him nothing to do it. He owns the asset. And so if he turned around and went to say, Hey, I'm gonna go sell this you probably sell the thing for $5 million put together it might cost him 2 million bucks and he makes three million he made more than a million dollars with no money out of pocket. Understand that the people who are making money don't constrain themselves by the time they're not telling you how to make X dollars per hour, X dollars per year. They're thinking about how do I provide the most value to somebody so they'll give me a percentage of the value I provide.

Do Affiliate Marketing:

Here's another one that you can go find something you really liked and go promote that so you don't have to go find and make your own product. You can find products that you really like from other companies and just become affiliates of those products and the nice thing is that I just recommend you be honest, like hey, I tried 100 Fucking different soaps. 

This is my favorite one. And here's why people don't want to go through the time and the money of figuring out which soap is the best for your audience. And if you make the wreck after you do that, they're like, oh, shit, he just saved me time. And so then I'll go buy from him through his link or whatever. It's you can affiliate with other people's products and make money in that way without any money out of pocket.

Online Arbitrage or physical arbitrage:

And then finally, arbitrage in general which is a fancy word, but it just means that you sell the same thing between two different markets because they're priced differently if bitcoin is $19,000 in Japan on the Japanese market is $19,100 in the US market, you buy the $19000 bitcoin over in Japan and you sell it in the American market for $19,100 and you make 100 bucks. 

That's all arbitrage is and it happens with physical products. It happens with lending money between two parties. You can get money for 1% and you can sell the money for 6% You make five the difference all of these are different versions of arbitrage which is just the same thing. Two markets with two different prices, you make the difference. And so if you're looking for ways to make money, look for arbitrage opportunities, because that's where you can make a tremendous income.

Want to learn more and increase your knowledge then Read .... 10 ways to make $1000