15 Ways To Make One Million Dollars

this is sunday motivational video every sunday we bring you a different type of video that should improve your life today we are looking at 15

ways

to win $1,000,000 welcome to a quiet smoked salmon the place where future billionaires come to get inspired hello ale Xers can Si You think it's been a full week already, we hope you followed your dreams and worked. The goal of our Sunday videos was al

ways

to motivate you and provide some inside knowledge that you can use for your own benefit if you wish. We asked you what your immediate financial goal was on Instagram in a luxury, most of you said it was to

make

your first

million

, so that's what we're doing today.

Making $1

million

sounds like a lot of money if you've never done it. He achieved high numbers before It may seem like an outdated goal, but the truth is that 1,700 new millionaires are created every day, that is, more than six hundred and twenty thousand new millionaires every year, so how do they do it? How do so many people become millionaires and why not? If you do the same, it's all about positioning and how valuable you are to the market. If the market believes you deserve $1 million or more, it will in turn give you that amount to

make

this video.

We investigate people we know. and I have made over a million

dollars

in the last few years, who knows, maybe one of them will spark an idea that will be the beginning of a long journey for you. If you are new here, welcome, make sure to subscribe and follow us. on Instagram on Alex that said here are 15 ways to make 1 million

dollars

number one be in the top 1% of a lucrative profession surprisingly true be really good at a job that pays really well it's very easy to become a millionaire if you know it what you are doing and your specialized doctors, lawyers and senior managers in the US and Europe earn on average more than one hundred and fifty thousand dollars a year, if you are really good at what you do and specialize a lot, you can double or even triple that figure.

Quantity The highest paying job with the lowest barriers to entry is sales, if you know how to sell you can earn a lot of money no matter where you are, compared to doctors and lawyers, 1% of salespeople earn more than two hundred and fifty thousand dollars per year, which will allow them to surpass the 1 million dollar mark in just four years, not to mention that selling is an incredibly valuable skill for all the strategies we discuss throughout this video. We will soon make a video about the best sales books. But if you want to get started today, we recommend picking up Grant Cardone's 10x Rule or Jeffrey Gitomer's Sales Bible.

You can get one of them for free as an audiobook when you sign up for lakhs comm slash free book, talking about books. number two write several books that sell well, the trap that many people fall into is that they think you need to write the next Harry Potter or Fifty Shades of Gray to get rich from books, the likelihood of you knocking it out of the park is incredibly low. That said, reaching $1 million writing books is a pretty doable job if you find the right angle and an audience willing to buy, few people know this, but to become a New York Times bestselling author you only need to sell about 10,000. books, it can even be as low as five thousand books if you have been on the list before, if your writing is good, keep publishing more and more books until one of them is a success, there are many examples of people who did this. this way, but our favorite by far is Amanda Hocking.

You probably have no idea who she is. She has been rejected by almost every game publisher. None of her novels stood a chance. She was broke but she really wanted to go to a Muppet convention, but. She needed gas money to drive to the event and earn some of the $300 she needed. A month later, she published her novels on Kindle. She had won more than $20,000, so she added all of her novels there 20 months later. If you've made over $2.5 million from books that weren't good enough to be picked up by a publisher, pro tip if you have a Podcast blog, a YouTube channel, any type of audience, people will want support your efforts and will even be willing to book your work. just to share the journey with you number three license a patent or trademark to a large company another creative way to add value to the world is to be an inventor, designer or engineer if you can find a way to solve a problem better than what exists There you could already to be sitting on a gold mine.

A great example of this is Lonnie Johnson again. You probably have no idea who he is, but you've probably heard of the Super Soaker while playing a word game. He created this cool toy, but he didn't make it. He has the skills to create an entire product market for the company and sell individual products, so he licensed the technology to a company called Hasbro. He was paid a royalty of 3% of the price of each unit sold and he made over $100 million from this deal alone. He has 80 patents and a net worth of more than $350 million. We know that patents are expensive, but there are certain ways to protect yourself even without having an internationally issued patent.

What you need to do is document how his invention works in great detail. that in writing and recorded on a CD or USB drive and mailed to you in a sealed envelope when the envelope arrives, it must contain the date and the seal of a government institution, never break that seal if the time comes, this is your undeniable proof that you were the first to realize this and that you should be granted rights in a patent case or at least end up in a highly lucrative deal number four start a dropshipping company under your own label for those of you They have no idea what drop shipping is.

It is a very fun and interesting business model in which you find a supplier. Someone who can create a package and deliver a product on your behalf. Your job is to generate sales. Is that how it works. Let's say you found a supplier who can. Pack and deliver weight loss tea from China for $5 per package. Now you set up a website where you can sell that exact Prada for $20 each. When the order arrives, send the $5 to the supplier with the details of the order being fulfilled. of everything and delivers the item to the buyer on your behalf, you yourself keep the remaining $15 of cha-ching profit.

We didn't choose a weight loss shirt by accident. We have also not studied and analyzed the success that a young entrepreneur named Greta Van Rio had. In this space, she is the one who started the entire Fitness T phenomenon of the Instagram model six months after her business, she was earning more than half a million dollars per month. If that number surprises you, you might want to read more about her, since she is one of our personal personas. heroes during new product launches, she made over 1 million dollars in a single day just to let them know that these kinds of numbers are possible.

You know, Kylie Jenner is almost a billionaire now that she too has been using the dropshipping model. She owns 100%. of the company and she has only 6 employees, all production and fulfillment is outsourced to a different company. Number five starts a small business and keeps growing, although most of the ideas mentioned in this list are super specific, the way most people end up being millionaires is by starting a small business and just growing it, we know that sounds a little more general, but this encompasses the hustler mentality that focuses on growth. Starting a new business is always difficult, but the path is more or less the same, no matter what business you choose, it all begins.

With solving a problem, figuring out how to get paid and then hiring people so you can focus on what's important for the business to grow, everyone has some business ideas in their head, it's just a matter of implementation, although that may seem like overwhelming for the process. It's pretty straightforward and simple, which is why we've created a video called 15 Things You Need to Know When Starting a Business, which you can check out by clicking on the top right corner. If you are planning to start your first business, there is probably no more important video to watch than that number 6 aggressively save money and put index funds over several years you need to understand the power of compound interest and use it to get rich someone might say it's the discovery most important mathematician in the world and by someone we mean Albert Einstein, who on numerous occasions said that compound interest is the eighth wonder of the world, he who understands it earns it, he who does not pay it if you understand money and investment funds You know that a 7% annual return is easily achievable.

Now it's a question of how much money you can save. Traditional strategies go like this: If you can save 10 percent of your annual income and let's say you earn $50,000 a year, it will take you 40 years to save a million dollars. But who wants to be a millionaire when they are old? That's not a fancy way, but it becomes a lot more interesting if you can play with those numbers, you should try to increase the three most important variables in the amount of money you earn two the amount of money you can save and three the return on your investment well the first depends on your own decisions the third on the other hand is quite simple, for example, the first thing we should do is take the money out of a 7% mutual fund and put it in an index fund like the S&P 500.

For those of you new to this, the S&P 500 is a fund made up of the top 500 companies in the US if a company is not performing. Well, they remove it and replace it with a valuable new company. Over the past 90 years, the S&P 500 generated an average annual return of 10%, although we are not sponsored by them, we recommend you check out Vanguard and Robin Hood and if you like. You're not the entrepreneurial type, which means you're not sure how to create a multi-million dollar company selling products or services. There's a really fantastic book by Tony Robbins called Money Master, the game we can't recommend enough.

It's the book we gave away. friends on how to get rich in the safest way possible, you can even get the audiobook for free if you sign up for Alex calm slash free book number seven, do an ICO for the past few years, cryptocurrencies have been the wild west of money. The number of people getting really rich very quickly from cryptocurrencies has surprised those of us who are not familiar with crypto terminology. Initial coin offerings, also known as AI, are an alternative form of crowdfunding in which a company issues tokens at a discounted price in order to use the initial funding to create a digital service that will run on those tokens.

If the product is successful, its initial tokens could skyrocket and their value will be based on demand. We actually wouldn't recommend investing in other people's ICOs unless you know they are trustworthy. and have a strong team behind them, instead create your own blockchain-based company and look for private investors to back it only after the product has gained some traction. You must be ready for your own ICO, where you will open it to the public as the first investors every time. Only one type of finance-related service is being disrupted by blockchain. Your goal is to figure out where you fit into the pool of new services, no matter what your stance on Bitcoin or a theory is.

Em Blockchain is here to stay and in fact, we recommend that you get started. teaching you more and more about the industry if you want to make some sense of it in the future number eight buy a franchise and make it really successful if you're not the creative type a franchise is a simple and lucrative way to get into business because someone else has already optimized it for you , you just need to make sure things keep moving as they should. A franchise for those of you who don't know is a company that creates a lucrative business with an already established brand that is distinguished by streamlined systems that can be duplicated over and over again, think McDonald's or Starbucks, so how does this work? ?

You contact the company with the goal of purchasing a franchise. There are two types of costs that you need to know about a standard franchise fee and a percentage of the business you are generating in exchange for this money, the company provides all the tools you need to start the business. You can find profitable franchises for as little as $10,000, but depending on what you're looking for, there are obviously more expensive options, for example, the fee for a Dunkin Donuts franchise ranges between $40,000 and $90,000, depending on location, but that's not all. The company requires that you have at least $250,000 in liquid assets just to make sure you can keep the business running.

It depends on you. To find the right franchise for your geography and budget #9, create a subscription service where 1,000 people pay eighty-three dollars permonth. Okay, it's time for us to introduce Luxor to what is called millionaire math, which means how many ways you can get to 1 million. dollars in a year out of our heads considering subscription services, you have five thousand people paying you $17 per month for 12 months two thousand people paying you $42 per month for 12 months 1,000 people paying you eighty-three dollars per month for 12 months 500 people pay you 167 dollars a month for 12 months or 300 people pay you two hundred and seventy-eight dollars a month for 12 months, you get the idea, all of this will get you to the seven figure promised land, that's why everything the world is doing subscription services.

These days, you've seen the popularity of shows like Netflix Tidal and Apple Music rise just to put things into perspective. As of 2018, Netflix has 125 million users subscribed to its service with a minimum of $7.99 per month. In 2017, they made over 11 billion dollars in revenue, we're always surprised to see how many people never do the math on these things once you realize the kind of numbers you need to do, it's a nice simple game to play. try to find a service that people are willing to pay and stay for number 10 job for someone who is a billionaire or even better job for someone who is a billionaire the fastest way to make your first million dollars is to work directly for someone who has made a billion dollars, rich people value time above all else and they really value people who can save them time.

The best way to do this is to find someone who is incredibly rich and help them save time or make money in any way. You will find that their generosity is directly proportional to the value you bring to their life now. Before you try it, it's important to know that you should already be in a relationship based on trust with that rich person, the last thing you want to do. and we can't stress enough that this is spamming people with how you have this idea that will change the world, believe it or not, we even get at least 100 emails like this every month that we never respond to when most of the people think about that.

Billionaires usually imagine entrepreneurs starting companies, but the truth is that about one in five millionaires works for someone else and that's how they got rich. If you think about it, you are more likely to become a millionaire working for a rich person than becoming a millionaire starting your own business. If this is your plan, we recommend that you find a mentor. These people are open to helping you grow. They provide you with guidance and opportunities that you would not otherwise have access to if they trust you enough they will give you Go into their organizations and make sure they take care of you.

If you want to learn how to find a mentor and the benefits one will bring to your life, click on the top right corner because we've got you covered. Number eleven. Go viral on YouTube, who would have thought that going viral on YouTube could make you a millionaire? All this has changed in recent years. Obviously it depends on the type of video, whether it's advertiser-friendly, and who's watching the video, but a ballpark figure would be somewhere in between. 500 million and 1 billion views, for example, Gangnam style alone earned psy over eight million dollars, it's not all just YouTube advertising, but the exposure gave him many additional opportunities and psy is still making Profit, believe it or not, the video still makes it decent. money today, there are also great creators who take advantage of their fame on YouTube to create additional sources of income, as the Paul brothers do with their product lines or as Jeffrey Star did with his makeup line.

YouTube is the new television, which is why we are here ourselves. Number 12 has a blog that receives more than 41 million visits a month. Speaking of advertising. Having a popular blog can still make you a multi-millionaire. When we started, Alex Tranquil focused on publishing articles on luxury topics and we still receive many visitors. articles one of the people we have followed closely in this space was Scott DeLong, the creator of the viral Nova, for those of you who don't know the website, he has been at the forefront of viral articles distributed through Facebook, very similar those BuzzFeed used. to do and to be honest, he still does, he started the viral Nova in 2014 and sold it a year and a half later for reportedly $100 million during November and December.

I was already generating over $1 million a month just from advertising revenue from everything we do. mentioned in this list, getting over 40 million readers per month on your blog is probably the hardest thing to achieve unless you are able to do what Scott did and ride a new wave that people hadn't discovered yet. Number 13, create an app. that a million people use, you can still make a lot of money with apps if you know what you are doing and can really offer a valuable service, the problem with apps is that unless the user feels the need to return to the app in a Often already lost, the app ecosystem has evolved in recent years from Candy Crush, which earns almost $1 million a day at its peak, to meditation app Calm, which was recently valued at 250 million dollars and now it's a fortnight. billion dollars in just three months through in-app purchases, the secret to most apps has been the ability to generate additional revenue within the app, depending on how much revenue you can extract from each user, the way Towards the first million dollars may be a lot shorter than expected if customers find value in what you offer.

If you really want to score big with apps, there is a book we could recommend called how to build a billion dollar app. dollars, written by the guy who created and i fall in love in which they discuss how to conceptualize and scale this type of project, you will find a link to the book in the description or get the free audiobook when you sign up for a free book number 14 from luxe comm slash get over 100,000 Twitch subscribers live streaming is becoming mainstream and some might even say it already has ninjas like those leading this movement, generating between $500,000 and $1 million each month just from streaming for those of you who don't You have any idea what we're talking about.

A platform that allows users to stream themselves in real time, this type of technology has been quickly adopted by gamers who stream themselves playing video games, all good, so how do they make money? There are multiple sources of income here, the main one being paid subscriptions, there are different ones. subscriber levels on Twitch for 99,999 and $24, this amount is split between the streamer and the platform, in addition to the paid subscription, viewers can donate money directly to the streamer to show their support and then there is the good thing of finding a great sponsor than paying a streamer to endorse their product, like the kind of deal ninja has made with redbull if 100,000 paid subscribers is a ballpark figure to aim for, but you can get to a million dollars with less than 50,000 if it's generous enough.

Buy number 15. flip, repeat, this is a fundamental rule of hustle and one of the most common ways to make more money. This is what commerce was built on and is capitalism in its purest form. Find something you can buy at one price and then sell it for more to someone. Who is willing to pay more for it? This repetition strategy has taken many forms over the years and we are always excited to see it evolve depending on how the culture is changing. Our favorite story revolves around 16-year-old Benjamin Kicks, who? Make Over $1 Million a Year Reselling Sneakers Sneaker culture is big and people are willing to pay good money to get their hands on anything that's exclusive, like people who pay $500 for bricks that have the supreme logo, but they are still back in the sneaker space that everyone knows has been a booming business.

It started when his mother bought her a pair of sneakers that she sold to a classmate for almost double what she paid, then she went ahead and started buying more. A few months have passed and celebrities are looking to get their hands on a type of sneaker that this kid has, so they reach out and the next thing they know he's selling sneakers to DJ Khaled in the future of French Montana and more, the pair of most expensive sneakers he sold was twenty thousand dollars and now he has a whole operation to resell sneakers, people also do this in different markets buying, repairing overturned cars, houses, antiques, you name it, it's about understanding how much They are willing to pay some people for something and get it for less than that.

Now the conferences were curious to know what. Are you doing what you're doing now to get your first million dollars? Let us know in the comments and we'll try to give you some feedback now that we know this has been a very long video, so for those of you who are still with us, here's your bonus. Number sixteen came up with such an original and crazy idea that it could work if the ideas mentioned above are pretty simple. This time we encourage you to look outside the box and let your creativity run wild, who knows what might emerge. guy who made fifteen million dollars selling rocks as pets to people another guy who made 1 million dollars selling pixels on his website for 1 million dollars each this woman became a billionaire selling dog sunglasses and these guys will send a message on a potato in In Your Name, the world is full of crazy stories and we hope this list has sparked an idea within you.

If you've watched up to this point and are already on your way to becoming a millionaire, enter your first million in common below and I'll wish you luck, it's always great to see how many of you are watching these videos to the end. Thank you for spending some time with us. Luxor. Be sure to LIKE and SUBSCRIBE so you never miss another video that we also handpicked. These videos that we recommend you see below, thank you for being a lexer and see you tomorrow