Topic: You want to become a millionaire,here is the secret formula - page 5. (Read 812 times)
Obviously people thought of this already and it is not that easy. The first thing we should know is that not all of us have that capital to start selling a million products. If we have then we are already a millionaire. Another thing is that selling that would take time, not the same people would buy it. This is doable, yes but still, it will not be that easy especially if you are just starting.
Remember all the cost or the expenses first before you give a secret formula such these,
You cannot easily produce a million-dollar for selling a product that amounts to a single dollar. Every product that you will produce will always have a cost or an expense that you need to produce using your own money before you can even create one product. It is not that easy as you think.
You cannot easily produce a million-dollar for selling a product that amounts to a single dollar. Every product that you will produce will always have a cost or an expense that you need to produce using your own money before you can even create one product. It is not that easy as you think.
Sell 1 million products at $1 a piece
Sell 100000 products at $10 a piece
Sell 10000 products at $100 a piece
Sell 1000 products at $1000 a piece
Sell 100 products at $10000 a piece
Sell 10 products at $100000 a piece
Sell 1 product at $1000000 a piece
Simple and easy
Can you guess why it is so hard to make your first million ?
You can sell 1 million products but you need to cost for the advertising your item. So your plan is not gonna work or not gonna bring to your million goal. There's no easy plan like that to become a millionaire, every millionaire from illegal business or legal business they work hard for it. It's not that easy to become a millionaire even if you're working hard for it, there's no assurance you become one of them.
It's business marketing.
Imagine if you sell a mask for $1, and you can sell 1k of the mask, how much money you will make.
That is a way to get rich, but I am afraid that it is not easy to apply, since you need to think about the cost to promote, cost to produce the mask, and else. If that can cover all of the costs, then you can sell it for $1.
People won't buy that much easily, you need to hire a model to promote that mask and also need to pay for media for promoting it and it costs a lot as well that is why we need capital to make more money and get richer.And how can someone sell 1 million products in their life time? Imagine if you sell a mask for $1, and you can sell 1k of the mask, how much money you will make.
That is a way to get rich, but I am afraid that it is not easy to apply, since you need to think about the cost to promote, cost to produce the mask, and else. If that can cover all of the costs, then you can sell it for $1.
Had it been easy the world would have all the millionaires today and nobody would have been poor, but afraid things do not work as OP said it. Just imagine if millions of people just do same thing so how will the masks be sold of every person, cost of labour is not counted, rent of the place, electricity etc quite a lot of expenses is incurred to do it.
It's business marketing.
Imagine if you sell a mask for $1, and you can sell 1k of the mask, how much money you will make.
That is a way to get rich, but I am afraid that it is not easy to apply, since you need to think about the cost to promote, cost to produce the mask, and else. If that can cover all of the costs, then you can sell it for $1.
People won't buy that much easily, you need to hire a model to promote that mask and also need to pay for media for promoting it and it costs a lot as well that is why we need capital to make more money and get richer.And how can someone sell 1 million products in their life time? Imagine if you sell a mask for $1, and you can sell 1k of the mask, how much money you will make.
That is a way to get rich, but I am afraid that it is not easy to apply, since you need to think about the cost to promote, cost to produce the mask, and else. If that can cover all of the costs, then you can sell it for $1.
No, I guess that will work with the primary product that people always need because people will search for that product every day. If you can have a stock of that product and sell it for a cheap price, you can make a lot of money from that. That is, for example, but I believe that there is a product that can sell 1 million products out there and make big money.
And every product needs advertisement now to reach more people.
Sell 1 million products at $1 a piece
Sell 100000 products at $10 a piece
Sell 10000 products at $100 a piece
Sell 1000 products at $1000 a piece
Sell 100 products at $10000 a piece
Sell 10 products at $100000 a piece
Sell 1 product at $1000000 a piece
Simple and easy
Can you guess why it is so hard to make your first million ?
What about taxes? You definitely need 15-25% just for taxes. Then what about the cost to make your product? Nothing is for free, or what about your distribution? Any cost for ads and marketing?
The most important thing is of course the "product" and finding buyers.
It's business marketing.
Imagine if you sell a mask for $1, and you can sell 1k of the mask, how much money you will make.
That is a way to get rich, but I am afraid that it is not easy to apply, since you need to think about the cost to promote, cost to produce the mask, and else. If that can cover all of the costs, then you can sell it for $1.
People won't buy that much easily, you need to hire a model to promote that mask and also need to pay for media for promoting it and it costs a lot as well that is why we need capital to make more money and get richer.And how can someone sell 1 million products in their life time? Imagine if you sell a mask for $1, and you can sell 1k of the mask, how much money you will make.
That is a way to get rich, but I am afraid that it is not easy to apply, since you need to think about the cost to promote, cost to produce the mask, and else. If that can cover all of the costs, then you can sell it for $1.
If you really want to become a millionaire the secret formula is to read and work hard. I see so many people on here trying to "get rich" via bitcoin, and it's just not going to happen for most of them. Set up a diversified portfolio and go from there. Read book on how to invest. Don't just piss in the wind.
it's not going to work as you will f..k up the plan somehow ...
https://www.youtube.com/watch?v=HIcIIBTJA6o
"Chaos It's fair" - Joker
If you really want to become a millionaire the secret formula is to read and work hard. I see so many people on here trying to "get rich" via bitcoin, and it's just not going to happen for most of them. Set up a diversified portfolio and go from there. Read book on how to invest. Don't just piss in the wind.
Sell 1 million products at $1 a piece
Sell 100000 products at $10 a piece
Sell 10000 products at $100 a piece
Sell 1000 products at $1000 a piece
Sell 100 products at $10000 a piece
Sell 10 products at $100000 a piece
Sell 1 product at $1000000 a piece
Simple and easy
Can you guess why it is so hard to make your first million ?
Really?
I take it you are trying to be funny but your clearly show you have no idea of what a millionaire is.
If you sell products for $1 million, your income will be one million but that doesn't imply you will be a millionaire.
Millionaire refers to net worth, not to income.
Also, from your income you will have to substract taxes, pay your providers, your employees...
It seems easy by just looking at it, but the process itself is what makes it hard to earn $1 million. It's not easy to sell a million products if you only have a small business since you will need a wider range of customers. And also, in order to sell a product that costs $1 million, you should need to have bigger capital. Meaning, you can't make that kind of product if you are not a millionaire already. This simple and easy concept only applies to those who are already millionaires and have a bigger business.
Sell 1 million products at $1 a piece
Sell 100000 products at $10 a piece
Sell 10000 products at $100 a piece
Sell 1000 products at $1000 a piece
Sell 100 products at $10000 a piece
Sell 10 products at $100000 a piece
Sell 1 product at $1000000 a piece
Simple and easy
Can you guess why it is so hard to make your first million ?
what kind of product are you suggesting?do we buy that product or make ourselves?
Its not easy to apply that formula. If it is, we would have been that rich. But I think someone had done that before by selling just tomatoes every day. Its not easy because your life style will be part of the formula. You won't be able to achieve having millions if everyday you would order huge steak every meal and have to pay astonishing water and energy bill every month.
Can you guess why it is so hard to make your first million ?
Do you think that this formula is really effective when you do it in reality?
It is not that easy to find a buyer that is interested in what you are selling depending on the price that you've set, it is not that easy to grind and work hard and it really takes time for you to do that.
In order to make your first million, work hard with full effort and patience. Don't rush things because time will come that you will become a successful investor. That's the reason why people are getting disappointed with themselves because of expectations. Once they are rooting and urging to earn their designed profit, they will probably fail.
That secret formula is not legit.
Rather than this there is more and more possible ways to become a millionaire. This isn't a secret formula, and to execute this in real-time is not an easy task. We tried the same with photocopies, that means go to every school in my region and provide photocopy of them to each student. This way it is simple to sell photo to a million. In real-time it is so hard to execute.
that's true its easy in theory but in real life its seams impossible. if we have unicq products that no one envented yet it might possible but its also depend on how many products we can sell.
Sell 1 million products at $1 a piece
Sell 100000 products at $10 a piece
Sell 10000 products at $100 a piece
Sell 1000 products at $1000 a piece
Sell 100 products at $10000 a piece
Sell 10 products at $100000 a piece
Sell 1 product at $1000000 a piece
Simple and easy
Can you guess why it is so hard to make your first million ?
what kind of product are you suggesting?do we buy that product or make ourselves?
I find it weird we reference 1 million all the time as if it's remained the same thing.
In the past, wealthy people would only have worth into the millions - now their wealth can be into the billions and the cost of inflation means that having a million now is like having 500000 ~30-40 years ago and the 80s wasn't that long ago imo (even if I wasn't there).
In the past, wealthy people would only have worth into the millions - now their wealth can be into the billions and the cost of inflation means that having a million now is like having 500000 ~30-40 years ago and the 80s wasn't that long ago imo (even if I wasn't there).
Try 2 million USD ...to see if it easy to make
Don't forget about the cost of capital unless you sell something without any capital but you won't get the whole cut if you are just commissioning.
There are expenses that you need to consider too. For celebrities, known people, they have their network and they are the ones who can actually sell products easily.
There are expenses that you need to consider too. For celebrities, known people, they have their network and they are the ones who can actually sell products easily.
The more expensive the product the harder it is to sell do to fact not many people have money to buy that product and it's specialized/custom .... beside trusted sellers
The cheaper the product ,means you have more competition do to fact you have a easy to make product and that makes it harder to sell ...
Some people know how to balance this somehow ..that is why they get rich ...
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I am looking at shops in my city and all day they sit and wait for clients no matter if fast food,cheap clothing,barber shops,cheap food etc ... it's the same ... the only stores that have high volume of customers are supermarkets and malls ... makes no sense as same prices ...why would a customer go for a supermarket if price is the same at corner shop...
You kind of have to find the right product at the right time to sell ...
I find it weird we reference 1 million all the time as if it's remained the same thing.
In the past, wealthy people would only have worth into the millions - now their wealth can be into the billions and the cost of inflation means that having a million now is like having 500000 ~30-40 years ago and the 80s wasn't that long ago imo (even if I wasn't there). The millionaire idea looks to be becoming a trap rather than anything productive.
Also as stated above, you have the capital to buy products and the capital or time spent on advertising...
In the past, wealthy people would only have worth into the millions - now their wealth can be into the billions and the cost of inflation means that having a million now is like having 500000 ~30-40 years ago and the 80s wasn't that long ago imo (even if I wasn't there). The millionaire idea looks to be becoming a trap rather than anything productive.
Also as stated above, you have the capital to buy products and the capital or time spent on advertising...
Don't forget about the cost of capital unless you sell something without any capital but you won't get the whole cut if you are just commissioning.
There are expenses that you need to consider too. For celebrities, known people, they have their network and they are the ones who can actually sell products easily.
There are expenses that you need to consider too. For celebrities, known people, they have their network and they are the ones who can actually sell products easily.
Sell 1 million products at $1 a piece
Sell 100000 products at $10 a piece
Sell 10000 products at $100 a piece
Sell 1000 products at $1000 a piece
Sell 100 products at $10000 a piece
Sell 10 products at $100000 a piece
Sell 1 product at $1000000 a piece
Simple and easy
Can you guess why it is so hard to make your first million ?
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