Topic: You want to become a millionaire,here is the secret formula - page 3. (Read 812 times)

Now that was not a secret formula already. Kidding aside. If that was just that simple to be a millionaire following the formula suggestion you have formulated to become a millionaire, then we must be all millionaires already because that was just easy to say and think but the problem was though it was just that simple, still it was very difficult to be executed for market pricing is not working on that simple manner. First thing that you must clear out is the product you are going to sell, what is the product? Is it worthy to be sold and bought on that amount you have set? If you will be just relying on the quantity, then being a millionaire is just easy to be formulated and no need for a secret formula for we all can do calculations about such.

But we all know that pricing a product is not that easy for we must be considering the product itself minding the capital spent added by all the additional expenses from the manufacturing, packaging, transporting and other things that are affecting the price of the product for you are aiming to gain a profit on selling and not just because you are aiming for a specific price based on the quantities you have on hand. Also, many merchants are present in the market competing with one another providing lower price to higher price on which they offer the same product with same quality that is why you must also consider the market and consumer friendly price for your product to be sold. Being a millionaire is not just easy as formulating such formulas because we can all do it. The challenge is how will you execute it and make it profitable for you to be able to become a millionaire despite of the rising competition.

But how you are going to get those products to sell it to the people as you said, even if you had raw material for free of price you need to make the product right and need to distribute to the sellers and importantly people are willing to buy that product,so it is nit going to be easy and the formula should also include the expenses and taxes.

Unless you have the reputation to prove these products or other things to back you up, people would easily buy from you but that also means that you already built up riches from the time which built your reputation. That reputation doesn't come easy, it needs a lot of work. I don't know how short the time you are saying but earning huge money isn't that easy so even with that small period of time, I think they are also using too much of something to be paid that well.

i think this doesnt involved a hard work  . when you have a product worth millions , you can sell it and make million easily  but if you dont end up on a products that doesnt worth much , you need to work hard to earn extra money if your goal is to become a millionaire  or atleast to become a little wealthier  .
more work does not also always lead to more money  . on most countries they can work for a long hours over and still earn small but to other richer countries they can work less hours and be able to earn huge salary  .  also depend on the skill ,  high skill more salary  .

Pretty nice, nothing will happen to you if you don't have any goals. You need to set something and with good determinations and proper
mindsets, everything it's achievable to a person who are really keen in finding the right path.


I like this mentality, it's your own interpretation from how you live your life. There's nothing important than being contented with
your life.

I believe working harder is not enough, hard work must be accompanied by wit.  Smart thinking plus hardworking often produces the maximum profitable result.  There are lots of hardworking employees out there and yet they don't end up being a millionaire.  Those who work hard and outwit their competitors whether it is  a business or an employment always ends on top of the chain.

Long story short; work harder.

The more you work, the more you make money. It usually doesn't matter what you do in the end as long as your "profit/the amount of work" ratio is a complete disaster. (> you work for free)

Sometimes gambling looks like an easy and attractive way to get rich too but then... "ez come ez go."

It would be more sensible to say them like this:

Sell 1 million items at a net profit of $1 each.
Sell 100 thousand items at a net profit of $10 each and so on, than what OP stated.  Because even if you sell a billion item at $1 if the item costs you more than $1 each to create, then you will be at a deficit's end.


It is hard at the beginning but once you are used to it, it will be as easy as eating peanuts .  There are several ways to achieve this kind of result and one of the better methods are through affiliate system, network marketing (not the ponzi scheme pyramiding) and referral system.

It looks so easy to you so how many millions you already made from this formula please show us the buy the expensive cars you bought from this formula, I also have one formula very similar to yours buy a ticket in a lottery and pray that it will hit the jackpot do you will be rich, that's formula of yours is nonsense if you can't find products that you can sell and of course you need money to get more money to run a business

A lot of people are working hard, but still, they are part of the minimum wage household. Working smart is better than working hard. We must also consider the opportunities that are open, unfortunately even a degree holder finds it difficult to earn due to lack of opportunities. There are over thousands of ways that people can earn and reach their millionaire dream, however, not everyone has an opportunity to grab what they want to have. Maximize your resources, develop your skills, and grab the opportunity then start from there. Everyone can read and learn business, investment, and etc. but has no resources to start with it.

It is very hard of course to get million but of course if you want to get it then work hard, give time and effort, decispline and maybe we need to love the work and the passion that we have, work for it. In this situation, we can get our millions. Each of us have our own passion in life, if we will develop our passion and work hard for it, we can get what we want.

it's just a metaphor not as easy as you want to sell something for 1 $ and expect to sell 1 million units, promotions and also the types of products offered must be useful and can be used every day, such as food.
but 1 $ for food also doesn't count as a full profit because you pay to make the food even if you don't buy it directly and sell it back.

I guess the OP is just making a ridiculous example of how to be a millionaire. Let's chill out guys. Don't take him so seriously. We know that being a millionaire takes a lot of hard work. And before you reach that level, you surpassed a lot of trials in life. Basically, he gave an example how to earn a million but he didn't explain the activities involved how reach that level. So I think he's just trolling and giving a good laugh to all of us.

The question is, what kind of product you would sell on specified price? Considering that each product does need capital for you to have.Calculations might be too easy to say but

really hard to make it happen specially if you arent financially capable. Everyone do really like to be a millionaire and if it was easy then lots of us would be millionaire at this moment.

Secret formula? All can be achieved via investment but it would surely be a bumpy ride and this wont fit for everyone.

I have the same thoughts with you that to become a millionaire we have to sell products that are expensive. However, to create
expensive and exclusive products, quality raw materials are needed, which means that capital is required issued must be big too.
So the more capital we use, the greater the profit we make. That's the basic principle of economics.

Such idea and formula is really very easy to say and be formulated but very difficult to be executed in reality. You know why? It is because the price varies depending on the capital you have spent, the product you were selling which will vary depending on the features it have, the purpose of the product and why such thing deserve such price. It is not just putting price tags on the product and state that it is worth such amount depending on the quantity you do have.

Pricing a product is not really easy for you are also thinking the consumers capability to buy your product at that amount and if it is really worth the price. Remember, in a market there are lots of competitions involved because merchants are might be selling same product but varies when it comes to pricing. Surely people will get more attracted to buy product that is less expensive but have the same features and quality involve. Making a million is not a real easy by just formulating an ideal price range depending on the quantity you have. There are also other things you must consider on doing the price.

Maybe it won't be that easy, of course you need to know the products being sold as well as take into account market conditions.

Several times I have come across information about such people who used a similar strategy in order to become a millionaire. These people lived in the CIS countries and started selling brooms and used car tires. At the same time, they bought the missing goods at low prices, and sold them at a higher price. But really the original goal was to sell at least one million pieces of goods, for at least one unit of national currency. anyway this strategy is very working.

If you want to sell 1 million products you don't have to buy all products at once and after sell them... most people make this simple mistake

You start like this :

Step 1: buy 1 product for 0.2 cents and you sell it for 1.2$
Step 2: buy 2 products for 0.4 cents and you sell them for 2.4$ ...
Step 3: buy 4 products for 0.8 cents and you sell them for 4.8$ ...
Etc etc...

Or you do dropshipping ...

It's a mistake to say that you need high capital to sell 1 million cheap products...

Your mind is so vast ,but what about the expenses and capital that you are going to use for buying and selling the product. You did not calculate it. For selling 1 product at $1M a piece,it could be a luxurious car or a house and lot but you will earn that million if you owned the product but if you just rely on commission then.if very impossible to earn such huge amount.