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

Last time I checked only the person who got couple of millions by selling a product was Mr. Walter White from Breaking Bad series. Lolz. 
I wish getting a million would been that much easy, but its not. Of course this topic can be discussed with million angles! I mean what are you selling, how you producing it, what is outreach in terms of population etc.
Even a small scale business needs huge funds to be thrown in the marketing chain to grab some business and earn break even value! When the business name gets recongnised in the market then they actually start earning their first buck and then thousands, then millions.

But your formula, great, it's imaginary and not doable in reality. 

Wow! That was indeed an awesome formula on how to become a millionaire. But, I find it so confusing. For me, the real secret formula of becoming a millionaire is being smart, perseverance and hardwork. I believe when we have all this, we can all be millionaires one day. Success can be determined by striving so hard and being so wise in all the tasks that we are going to take as we travel along in each journey that we had.

The secret to become a millionaire is hardwork, learn to save and not buying the things that are not important in your business and lastly you should have patience.

The difficulty there is to make the sell even if this is at 1$ or $100000.
We don't have the skill to persuade people and make them believe they are in need for this product that we sell.
It is difficult to make a million in practice. In theory it is very simple and easy...

Its easy to say that but its very hard to do especially if we have many obligations in life. Each of us have our own priority in life, money, health education, shelter. That is good idea but there are things to be considered first and wow its hard to sell 100000 products at 10 a piece. Maybe someone can get that in other ways trading, investing high potential coins and saving some profits little by little.

Sorry, I'd rather invest in socks than investing in Verge and that's pretty much how I think about shitcoins.

To plan your business you don't need more knowledge than what you learned in college. All you need is basic understanding of how a trade works...

Sure you can make fat bucks by investing in shitcoins, that's the definition of gambling for me and I am not interested in it.

And now we came to the point where you need to have knowledge about what you are planning to do. As I said you can buy/sell goods or crypto, and it will depend on your capital and skills.
Verge is anonymous crypto, its from before 2015 and until now  verge is 9000% ROI (check any ranking site). To not get into verge as the project too much, what's important here is that some people value privacy and anonymity and they will buy more verge and they will use it as long as they provide this two.
The same is with socks, you need to offer socks to the people who need it (people in northern parts are need it more than people who live entire year under the sun). What I wish to say is that you need to recognise the peoples need and to offer them exactly that, doesn't matter what you are buying or selling, knowning the market is the key for long run success.

a sensible concept..  I've also been to a business seminar and the speaker said the same thing like this.  the hardest part of doing the above is finding what good or service works for us (self)..

Did anyone mention competition yet?

For every item in the list posted, there are million other people doing essentially the same in a million different ways. And they are most certainly doing that more effectively and efficiently that a newcomer would do simply because they were in the game and competing with each other for quite some time. And many wannabe millionaires eventually ended up in debt instead of becoming rich and wealthy

The idea is more or less the same. "Buy low, sell high" Except, most crypto currencies have no intrinsic value, no network... basically all they got is speculation.

A key ring has an intrinsic value. Socks have intrinsic value too. What kind of intrinsic value does Verge have?

I cannot be sure if somebody will need Verge in the future for any reason, but I know people will need socks because we like to keep our feet warm.

The formula is very easy, the real problem is to find a way to sell and the most important thing is the right product/service. Something never seen or with an high quality and performance. This is the formula behind your!

In theory it is very easy but in reality it is a different story. If you want to sell a product for $ 1 million a piece, the product value should be about the same. We won't be able to do it right away because we don't have the capital. Letting you 1 million items for $ 1 each is a long way and it consumes a lot of our costs and efforts. It also depends on luck and there are too many problems to be a millionaire.

It's like ideal trade, you buy for 1 and sell for double, are we talking about crypto here? It's easier to do it with crypto than with anything else, at least you are sitting at home, you don't have expenses like you can have with any physical goods. There's only one thing you need to have, $500k to buy and to wait the price to double!
Time frame and chances to become a millionaire will always depend on your starting capital, along with your skills of course. With more money you can take less risky investments, you have a wider range of possible investments, and of course you can make more profit in shorter time period.

Though you are right but he is not selling anything and not trying to make profits out of you. I believe you read the thread and you should know that selling your product repeatedly is what the OP advised which actually costs nothing or no way someone is trying to make money from you by fooling you.

Coming back the topic, I think that selling a product or service that costs higher is better and actually you also need to understand the market you are working in because there are various types of market.

You think of Chinese products and they work on quantity while if you analyse iPhone they work for quality and make profits that ways. So it depends on what market you are in and hence pick the correct strategy because not always selling cheap is the best idea as sometimes you can make your product as prime and target rich audience.

You can buy them directly from the seller for $1 or whatever price you find. Add your cut, re-sell. "Good old buy low sell high." Since the price of the products are already dirt cheap, nobody will give a damn if you buy them for $1 and re-sell for $2.

I know it is not an easy thing to pull at the beginning especially, and you probably won't become a millionaire in a reasonable time frame unless you are also a google/seo expert but it is a start.

Every business you do is a lottery ticket to become a millionaire in the end.

While it sounds easy to sell 1million piece of a particular thing and make a million dollar but actually there are 2 problems which are being overlooked here:

1- Cost is not the profit, that means if you are going to sell your items for $1 that means it must have also costed some money to prepare the item and hence your cost of selling the product is not the entire profit for you. A part of the cost will go towards next development and a part might go towards stability.

2- A million sales, is not as easy as it might sound because no matter how good you are at marketing and how active you remain but selling that large of a quantity requires some sort of affiliate marketing, like most companies find affiliates to sell their product which is effective but reduces the profits you are expecting.

Funny topic, I might have got a bit serious .

I think it would not be that easy because even I have a hundreds of products that has a million dollar price, I can't be so sure that I sell all of them and earn millions of dollar within a day. Earning money is not that easy, that is why it is very hard to be a millionaire because it takes time for you earn good profit in your business.

Ask 1 million people to send you a dollar and you will have your million without selling anything! As I know it's already done in the past, and if worked before it will work again!


And where you're going to find those stickers, bracelets, key rings... you need to buy them or you can produce them (and do you have a machine for that or you will do it manually)?! It's not so easy as the OP said, you need to find products and you need to find a way to sell them. And it's never just buying and selling, you need a transport, storage, place to sell them… to many factors to consider, if it's easy to do it everyone would do it!

Stickers, toys, bracelets, key rings, socks, hair bands, earrings... There are a lot actually.

Ok, let's assume you are selling one of those $100 products. Did you subtract the manufacturing cost and the delivery cost? How are you advertising that product? (Online or pamphlets or Door to Door? ....because all of that has cost too)  

Also, remember... if this is your only source of income, then you have to spend most of that on daily expenses and that eat into your profits.

Your strategy is seriously flawed.. A more realistic scenario would be to sell 10 000 products at $1000 and after expenses you might be able to save $100 towards your goal of being a Millionaire.  

Also, the money in the Bank will earn interest, so you might achieve that goal quicker if you invest it with Compound interest.  

Most families can save $100 a week if they stop buying junk food at McDonalds and KFC and eat Healthy alternatives and then build up a nice nest egg for the future... but that takes discipline and unfortunately not a lot of people have that. 

What kind of product is worth $1? For sure there's a capital to make it.

There are many competition in the market so whatever product you choose to sell it wont be easy.

Its just shows that it is not easy to become rich. The key to achieve it is by striving and working hard. There's no shortcut unless if you hit a jackpot in a lottery otherwise you need to be skillful, smart and wise.

with little capital and very good luck, maybe we can become millionaires or more than we try and how we can get lots of benefits.
in terms of luck factor too

It is quite funny to thing that if you sell 1 million products for 1 dollars you would be a millionaire, YOU GOT EVEN THAT WRONG. Jesus Christ, people are destined to be poor and work for the rich people. If you sell a product a million times do you really think that you are suddenly a million dollars richer? Hell there is a chance you would end up in debt. You want to know why?

Well, in order to make that product you buy the resources, you work for those resources, you hire people you pay rent for office or shop, you pay taxes and in the end you make probably at best 30 cents from it as profit, so you would need to sell over 3 million of those products to make a million dollar profit. You want to know how you could be in debt? You can't make a million of it, and in order to make it you grow your business, you take out a loan from a bank and you increase your capacity to handle a million products, so even after selling you still owe the bank money.

There is no secret formula how to become millionare. Nothing in this world doesn't come easy and over night, for everything you need to.work very hard and have a bit of luck too. So, don't trust to those who will tell you they have some formulas and receipes, they usualy just try to get money out of your pocket.

Nothing is easy in this world, all require struggle and sacrifice, especially in the era of free markets with high levels of competition and the waning application of values in the economy. Hedonism has become a lifestyle for the millennial generation due to the easier access to information and technology.

In my personal view, the richer we are, the more we should benefit others. The values taught by my parents since childhood are, that the material is not a goal, but only as a tool, the bigger the material we get, the greater our responsibility towards people and around us. All are based on the take and give law. Regarding nature, we cannot just take and exploit nature without giving it to nature by doing conservation.

Uuhm, even for those people who are celebrities, I think they still have work to do, because they will be needing money to buy those products before selling them. The only difference with celebrities or influencers is that unlike someone who is not, they will find it easy to market any product they have for sale, because a lot of people (their fans) would be ready to buy it any time.

Establishing your brand name is the hardest part here. When you are becoming a known personality then you can easily make money than you could imagine about it. I agree selling more products for lesser prices is the first thing we need to do and over the time we can sell few product for higher prices for achieving our targeted money.

I doubt that, there's no easy money in this world if you don't work on it.
Unless you are born with a famous popularity parents or relatives.
With that, you can live with a happy life even if you don't work for it. Money will just come to you.

Like most of the people said, you should experience downfall, you should start at the bottom before you become successful. Negativities will only bring you down so keep a positive mindset towards your journey and that positivity will push you up. Work hard, full effort, and patience pays off so never stop working on your own success to reach that million.

Don't rush things but keep it cool and easy.

Not a secret though but that formula is applicable when there is an instant surge in the demand of face shields here in our country .
Unfortunately most of them are ended up to be a scam.

On top of that, if you want to get 1 Million you need to have at least a million too if you will follow this formula.
Either way, this isn't a secret though but it is true.

Many reasons why it is hard for a people to get its first million. They aren't good at selling, their expenses are more than their income etc.

I agree that skill and hard work are some of the keypoints of earning larger salary, but smart thinking can give you better deals whether it is on business or employment.  Besides, being smart enable you to avoid unnecessary expenditures or even enable you to earn on things that you are using in everyday lives.

Just for the sake of no argument, Hard work and talent is the key factor,  and being smart is the shortcuts of being a millionaire.

Becoming a millionaire is not hard, but not that easy you said here, even if you sell 1 million products at $1 a piece or choose the other options you will be always need to have some basic money for supplying the products and you must pay tax, bills, storage costs, etc... The first step for become a millionaire or a successful person is always to gather some information. If you ask me the books like 'The instant millionaire' by mark fisher can help you with the first step.

Nice clickbait, OP. Yet, this can be a very interesting conversation. Unfortunately, I am yet to find any "secrets" like you promised. None of the subsequent posters are millionaires themselves so no secrets there either. There are still ways to be a millionaire depending on the society you are from. Being an entrepreneur, taking risk and working is the forumla that everyone knows. There is NO secret about it.

The real secret is that you don't become a millionaire by yourself. Its people and your network that make you a millionaire. A sincere, able-bodies, intelligent, skillful young man with a decent heart can easily become a millionaire if he realizes a few things in time and takes a few right decisions. Yet, most of us are happy, go-lucky idiots at that stage who think that our idealism and hard work is the answer. The answer is making and nurturing connections. Every relation, every connection, every friendship that you make should be made with the view of increasing your net worth. If you connect with the better-off, rich people, you will end up being better.

Yet, most of us spend our times clubbing, drinking and smoking with losers of our own backgrounds. We end up as a bunch of losers self-satisfied in our condition. That, my friend, is the only trap that is stops every young man from becoming a millionaire. That is the real secret. If you are a young, intelligent person in his 20s, make this your mantra. Thank me later. Better still, send me some bitcoin when you are a millionaire.

Just by working hard you will never become a millionaire. It's not that easy. The day has only 24h, you can't workd 247/ you will need to relax too, otherwise you will just burnout in a few years. The generation after WW2 is a great example, many of these people worked hard their hole life and still most of them didn't become rich. Dont get me wrong, working hard will make sure you have a good life, but it won't get you into the 1%.
Most of the rich people today either were born with wealth or inherited it later on.

Unless you are a complete moron, working hard always beats being smart. Most people have average intelligence.

You know why you are able to sell your work to other people?

Because they are lazy and there simply isn't enough time to learn everything.

You don't need super high intelligence to learn German. (OK German was a bad example, you'll need to be above average :p)  It is possible to learn German from the internet for free. Yet, German teachers can make money from teaching German. It is because they worked hard to learn German.

The thing is how can I sell a $1 product to a million customers lol. Unless and until I have one of the best featured-products which has no competition, then I can surely sell it to million people. Hence, there has to be good-will attached with the product and good marketing and management skills are needed to make the product famous.

By looking at the figure is so easy but if we apply this in real life it's not easy to become millionaire. But our mindset should be aiming to become a millionaire. Actually, there's no secret trick to become rich overnight because it takes a lot of hard work, dedication and also works smart on how you can sell your product. Setting your goals and lifestyle is also the important thing to achieve this to become millionaire.

Doesnt only particular talks about working harder but also you should also work smarter.Balance things up and this will require lots of trial and errors before getting the right
formula which would suits you.Everything can be different and it vary into each person because things wont work on others which had work for you and same goes for them.
Gambling is never a considerable option or to consider to be millionaire unless if you are lucky bastard then you do have the chance but sooner or later
those amounts will vanished if not handled well.

Millionaires, are not lazy if it comes to positive action in resources . they're ready to achieve their goals with their system of their operation.rules and obligation must be follow for you to achieve as a millionaire.

To become a millionaire you don't have to work hard, you have to work smart. So I agree with the formula for selling 1 product for $ 1M
can make you rich. Then the problem is not everyone has the ability to make a product that costs $ 1M. The next problem is not easy to
sell 1 product for $ 1M, it takes good marketing skills to promote expensive products. So the conclusion is not easy to become a millionaire
sometimes it takes luck too.

If your an artist you can sell a product for 1 mil usd
Example Banksy ...

You either work hard to sell 1million of the $1 products or... you work hard to sell 1 product that's worth $1million.

Either way It is always about working hard.

It is about your skill level too.

Some people are high skilled, they can charge $100/hour for their work. Some people are not that high skilled they work for $5/hour.

To increase your $/h, again you need to work hard. Everything else is gambling.

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.

You must know that it is always easy to say but difficult to do.You can think you will sell this amount of product or you have a plan to sell 1 product in the price of million.But in reality it is very hard even making a product and selling is far away.At first you must have an idea about the product then you must have a investment money and your investment can make you rich or you can be more poor.
And you must have a unique idea about the product and unique method to sell then you can slowly improve your situation and you can expand your business.And 1 product to sell in million -it is like a dream to the newly invester.You have to grow your business more then you can think about it not before 10-15 years.

1$ products : detergent , soap , candles, jewelry, spices, tea  ,bread ,nails,screws etc ....

If so, give us an example of the product which we can sell at $1 each and possible to produce 1 million of it. I know you are just joking but WHAT IF there is really a product we can sell and produce in that way. Selling 1 product for $1M is very easy but may be sold for a very long time. 1 example is a painting.

Sounds funny but it works if you have the ability to create a lot of ice water in a short period of time and if you're using a refrigerator that didn't cost you a lot of power consumption. There's nothing wrong with this kind of mindset but if you are really targetting for a huge profit, you should think about the other factors that might affect your business. There's nothing wrong with the idea, but on how to implement it, it will cost you a lot.

its hard to sell products at a high price but its easy to sell products at cheap but you will need to produce more products .  cheap products is equals to cheap capital or cheap production cost , you will only need patience and energy .

there was a random post before that said if you want to be a millionaire sell ice water or ice  , it sounds funny but that can maybe possible because the capital is cheap , only water and ice wrapper .  ice and ice water is indemand on hot countries

Ohh basic math, it's easy to imagine if you will think like that but it's not easy as that, you need to consider different factors on selling a product.

Are you sure that your product will be sold instantly?

Any capitals? For sure there are capitals on making a business.

Is it guaranteed that the product is good?

How many products can you make per year? Can you make millions of those in just 1 year? Absolutely not. It will take a lot of time before you became a millionaire.

It’s a mix of both. You need to be smart where you must work hard. This will ensure that your direction is correct, and you give your all the best efforts and energy in the work which will give you the desirable output. Diversification is also the key and managing the money is also important which all if done correctly will help you to become rich in life in coming time.

So true, unless you are that someone that found something new or fresh that could be easily sold. I am saying this in the point where someone is just starting, but if we are in that position where that people have the capital to start with and the knowledge to back it up, I don't think that would be a problem. Another thing is if you patented that item and it is something that is new and would really make investors even invest in it, that would really boost you up.

If we are not prosperous it means we have plenty of time. We just need to analyze the amount of time we have whether because we are lazy or not taking chances. If we have little time but we are also not prosperous, we may mistake our time for something productive.

In families, communities, and companies where we work, we can determine our role as a burden or an asset depending on the output we produce. So it depends on whether we want to be appreciated or to be discarded. So don't mistake our time.

That's what we called secret formula, if you use your time and money in the right way you
will expect to generate good outcome.
Save and invest while you are working instead of spending your money with things that's not
really needed.
Most of those people who came from poor status started to realize that having a good money management
helps them achieve their goals.
If you want to succeed, you need to start building the foundations of your dream, save then invest
Keep learning and don't stop chasing.
Finding the right venue of investment is tough, but once you track the right place and invest in the
right time, the outcome will be more than sweet.

Not just work hard but also work smart. I've read something on Facebook that said, "No one gets rich by working from 9-5." It's all about being smart, like how and where you use your time during or even after that 9-5. You have to save and you have to invest, not just to be rich but to be wealthy as well.

Anyone can make a secret formula on how to become a millionaire and its easy to calculate but the process is hard and will surely take years or even decade to be realized. If you are selling a product, you should sell the best product ever so that all your consumers will be totally interested to buy it.

What's the whole point?

You could just write about winning a lottery, finding a treasure, becoming an heir to a proverbial Nigerian prince, or something as impossible or improbable. Does it tell us anything about how to actually earn a million? No, because there's no one-size-fits-all approach to becoming wealthy or just well off (read, better than most others)


Cause there's no formula and Bill Gates is not the richest man in the world anymore (even though he had topped the list of the wealthiest men most of the time since 2000)

you can refer to the post quoted below made by the op to get the idea behind the OP's post. the Idea is simple and easy but the process of it is hard and exhausting and not everyone will succeed from it. also, read the highlighted part of the quoted post below

Dude what are you saying So you don’t need capital to start that your business of selling one million products for $1? Unless the one million products you’re going to be selling are some waste products that you pick from waste, lol. It’s not as easy as you make it seem like man, to be a millionaire requires a lot of hard work. And moreover even if you were given a million products to sell for that amount, have you forgotten you will need to eat and also make other expenses?

Moreover, you are not going to finish selling all that products in a day, it might even take months before you sell them all. For someone to be a millionaire they will have to put in hard work and patience, and yes, sell a good product and as time goes on the Business will be growing, and before you know it, you have a reached a level you never expected.

An idea can costs millions if you got the right people in front of you.

Now that you've shared it to us, it is not secret anymore lol. You could have keep that to yourself and share the story on how did you able to do it.

You can sell 1m pieces of your product at $1 each to get a million but how long that would take? a year? 2 years? 5 years? It is easy to think of the way to get rich but it's difficult to do and you should realized how unfair the world is. You could have a single product, proposal, or any idea that would convince Bill Gates to buy it and that's how he started his company. I didn't think the richest man in the world followed your 'secret formula'  

I do not like Jeff Benzos as an individual but I do like a quote that he shared with people.

*When you are making an invention always think how it would change people's life , how would it change their future*

I don't really remember word to word but yes.

_*_

Another one from a rich person was:

*Never invest into something that would loose value in the future*

For example if you invest in a car, you would enjoy it for a while and in the future it would slowly loose its value. But when you actually invest in something like gold/Bitcoins/property then you can enjoy that investment for years to come.

_*_

I do believe what you are saying might be true on the papers but when it come to reality it's really hard to pair up these things like that . There is a difference between the Theory and practical part.

Your product will get better price when there is high demand for it, so if everyone is making million masks on their own then it won't have any demand and you need to sell it for free.So being a millionaire could be easy but becoming the one is never reachable for everyone so you need to work as soon as possible then your dream may come true in few decades.

It´s like that old saying goes: If you want to have 1M , start with 2M.

The basic idea of selling something tiny 1M times sounds nice but is not feasable and imho just triggers false hope in people, leaving them even more broke and desperate when they finally acknowledge that they couldn´t make it. Not say it´s not possible though, but the chances are slim and the level of persistance and energy than drained from you is unbearable for most

Indeed. Even you already have the million products on you, you can't assure that you can sell of them in your first day because not everyone want it or can buy it, that is why selling products or making a business takes time for you to become rich or successful in your financial life.  It is the reason why business man uses a marketing strategies to attract consumers to buy their products for them to earn money.

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 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.

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.

If you are going to sell  product for cheaper price than the market price then how you are going to make profits from it?

And every product needs advertisement now to reach more people.

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.

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?

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.

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.

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.

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.

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.

what kind of product are you suggesting?do we buy that product or make ourselves?

Try 2 million USD ...to see if it easy to make  

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...

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.

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 ?