My First $1,000,000 Day.

by LMC
79 replies
Was it easy?
Did I do it reading a book?
Did I do it using some Niche Finding Software?
Did I do it writing articles and bootstrapping for success?

+++++++++++++++++++++++++++++

The answer to all the above is NO, and I'm sure you saw that hook coming.In this post I will explain how I got to $1,000,000.

How to develop a team, an idea, and put it all together.
+++++++++++++++++++++++++++++++++++

Today marks my first $1,000,000 dollar day. This post is intended to show that if you take your Internet Marketing knowledge and then mix it with good business practices, blend it with a good idea, and pour it into a team of great minds, success is truly not that far away.

For those that know me, know that I dabble with a lot of investments and start-up companies. Today I received a call from one of my business partners that we just signed on a $1M angel investor deal.

So, yes, I don't have the $1M in my hand, in fact I don't actually see $1M, I only own 15% of the company that it's investment is apart of.

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So the question is, how do you come up with a million dollar idea?

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First you need a few things:

- A Mastermind Group
- A Need
- A Plan
- Initial Prototype
- Investors

The Master Mind Group

You create this through forums like this. Through Networking at Seminars, through coffee shops, through business cards, through any means necessary to get your mind matched with liked minded business individuals.

- Meet with this group at least once a month to discuss possible business ideas, you NEVER jump on the first idea, analyze each one, look to see where they will fail not where they will be successful.

Finding A Need

If your main platform of business is going to be the Internet, everything you do should be written down. Then questioned. How can I make this process more efficient with technology.

An example,

Your Local Flower shop wants to increase it's business. It's competitors are rocking the local area in market share. To change this up, your local flower shop tests out some technology.

Make it possible for the locals to have a mobile application to order flowers on demand specifically from the local flower shop. It's a free app for the consumer, creates better customer satisfaction and more revenue for the flower shop.

Charge a license on the technology, and expand to more local areas.

There are 15 flower shops in my 15 mile radius, at a low price of $1,000/yr to license, this small venture makes $15,000 a year.

Add the team that you have to expand nationwide. Your company makes $150,000 a year, build and explode.

A Plan

There is no sure way to make a plan, use your knowledge of Internet Marketing, business, and the team to construct an action plan to pursue.

A Prototype

Since you have a team involved, it's time for everyone to ante up for the prototype. If you were by yourself, $5,000 to create the technology could be quite an investment, but with 5-10 people, it's now split amongst you. The risk is split, and it's easier to get your prototype created.

Investors


- 1st Seed -

Your Friends and Family.

- 2nd Seed -

Angel Investors

- 3rd Seed -

Venture Capital


With a prototype in hand + plus a plan + you can start by joining a few business plan competitions to start grabbing more funds, usually rewards are between $5,000-$10,000.

Also start with friends and family.

When your ready to speak to Angel Investors all that matters is that initial executive plan, you have two minutes to catch any attention.

In our case...

Our two minute pitch started with:

Our company started with a $5,000 prototype, and now earns $150,000/yr in one location, we want to now expand into more markets with our On Demand Mobile Flower Solution.

Angels are typically rich people.

They get rich by seeding start-up cash in efforts that the company will hit big. In most cases, they see one or two successes out of every 10, and usually invest between $150k-$1.5M

They want to see potential. With just a plan, no prototype, no statistics, no numbers you can forget ever seeing the big check.

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The above example is not our business idea but is used to simulate how this all kind of works, if you have detail questions be sure to ask and I will do my best with them, but due to the nature of my arrangement I will not release the idea or discuss the niche we operate in.

++++++++++++++++++++++++++++++++++++++

I hope this all inspires you to think big.
#day
  • Profile picture of the author thecobrasden
    sounds like alot to invest.
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  • Profile picture of the author LMC
    yea I guess... but I like money sooo
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  • Profile picture of the author kenny5
    Congrats on the $1,000,000 day! That's awesome!

    And thanks for sharing how you did it

    I hope you see many more in your lifetime
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  • Profile picture of the author Sparhawke
    Congratulations!
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    “Thinking is easy, Acting is difficult
    And to put one's thoughts into action is the most difficult thing in the world ~ Goethe”
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  • Profile picture of the author yst
    Congratulations and hope you share more in the future.
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  • Profile picture of the author Kassocs
    Great! Thanks for sharing...I guess that makes you one in a million

    All the best
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  • Profile picture of the author Tonio Smith
    It is my belief that everyone will be surprised in what they can achieve when they set realistic goals and expectations for themselves things that they can truly believe in congratulations on your success I believe that there's a lot more coming your way but to everyone remember with success there comes failure
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  • Profile picture of the author imrozz
    congrats and thanks to share how you did it. hopefully one day i will come to it.
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  • Profile picture of the author TheDebtEliminator
    Hello Steve,

    Very impressive

    Congratulations in your achievement

    All the Best
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  • Profile picture of the author Todd S
    That's Great Thanks for sharing. I am your mentoree your plans are solid and actionable with your help I will continue to grow exponentially. Listen to what his says Warriors Hes taught me to focus dont let distractions get in the way. The Scientifiic Formula for Success States:
    1. See your Target
    2. Keep it in your Sites
    3. Hit It (Until you Hit It)
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    There is no such thing as Procrastination, Its a presupposition of Inaction, A State that doesn't exist! Procrastnation is just Ineffective Action masquerading as Inaction

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  • Profile picture of the author keweus
    I feel snookered..

    You had your first "million dollar loan" day..

    You then make excuses, after all, you DO NOT have the money, AND you only own 15%
    of the company that is being lent $1mm. So in reality, you had your first $150,000 loan day.

    Pardon for sounding skeptical, but reading this post was a waste of my time.

    This is NOT like the John Reese "Million Dollar Day", but it sure sounded like it.
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    • Profile picture of the author Todd S
      Originally Posted by keweus View Post

      I feel snookered..

      You had your first "million dollar loan" day..

      You then make excuses, after all, you DO NOT have the money, AND you only own 15%
      of the company that is being lent $1mm. So in reality, you had your first $150,000 loan day.

      Pardon for sounding skeptical, but reading this post was a waste of my time.

      This is NOT like the John Reese "Million Dollar Day", but it sure sounded like it.

      Your missing the whole point!!!!!! There are no excuses dumbass. But there is a valuable lesson here he took an Idea, and then took action = results period!
      He just gave you a blueprint for success that with time and commitment you could copy.
      The Angel Investor did not loan them the money but invested his money in a company he saw a potential for growth in.
      Look up the definitions for both Loan and Investment and you'll see the difference.
      The fact that he only owns 15% is irrelevant the fact of the matter is that he and his partners built a company that received a $1,000,000.00 check! So yes he can claim a 1,000,000.00 day
      opportunities are in front if us everyday success depends on how we act upon them.
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      There is no such thing as Procrastination, Its a presupposition of Inaction, A State that doesn't exist! Procrastnation is just Ineffective Action masquerading as Inaction

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      • Profile picture of the author DubDubDubDot
        Originally Posted by Todd S View Post

        The Angel Investor did not loan them the money but invested his money in a company he saw a potential for growth in.
        This isn't free money. It is essentially an advance loan on the future sale of the company. VCs are not too interested in holding out for huge returns either. They are usually intent on selling to the first buyer that can give them a decent ROI. The reward for the OP is probably "just" job security as long as the VC money is there to pay their salaries. That his how the startup VC game works.
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      • Profile picture of the author Landis
        Originally Posted by Todd S View Post

        Your missing the whole point!!!!!! There are no excuses dumbass. But there is a valuable lesson here he took an Idea, and then took action = results period!
        He just gave you a blueprint for success that with time and commitment you could copy.
        The Angel Investor did not loan them the money but invested his money in a company he saw a potential for growth in.
        Look up the definitions for both Loan and Investment and you'll see the difference.
        The fact that he only owns 15% is irrelevant the fact of the matter is that he and his partners built a company that received a $1,000,000.00 check! So yes he can claim a 1,000,000.00 day
        opportunities are in front if us everyday success depends on how we act upon them.
        wow youre pretty aggressive towards the guy..id be more impressed if it was 1,000,000 in sales or profit. but it doesnt matter how you spin it, its still just a 1million dollar loan. i hope he can turn this loan into millions in profit though! thatd be great!!!
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    • Profile picture of the author Super_Vendor
      Originally Posted by keweus View Post

      I feel snookered..

      You had your first "million dollar loan" day..

      You then make excuses, after all, you DO NOT have the money, AND you only own 15%
      of the company that is being lent $1mm. So in reality, you had your first $150,000 loan day.

      Pardon for sounding skeptical, but reading this post was a waste of my time.

      This is NOT like the John Reese "Million Dollar Day", but it sure sounded like it.
      This is true. I can't wait for my first one million dollar day of profit.
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  • Profile picture of the author alexm
    Banned
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    • Profile picture of the author KMP
      Congratulations!
      As a former CFO for a start up company I know it is really hard to get $1,000,000 in angel money. That is quite an accomplishment!
      Plus you give some great advice.
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  • Profile picture of the author JagSEO
    A dream come true, Wow a million dollar idea plus a million dollar hard work is equal to a million dollar money.
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  • Profile picture of the author keweus
    lol Todd, are you 14?

    I'm not "as impressed" with the OPs ability to raise a million dollars, as I would have been reading about his "first million dollar day" as the headline suggested. To me, the headline suggested that the OP had a million dollars in sales, or profit, on one day.

    That's all I said, "mentoree", to get your panties all tied up in a wad.

    PS - climbing into bed with a million dollar VC isn't everyone's idea of "making it" or getting excited. Some would consider this a big risk, and potentially something to avoid, even people that may be more successful than your mentor.

    Chill out!
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  • Profile picture of the author LMC
    Hey, I appreciate all your comments. keweus, I apologize for misinforming you on the headline. But I stand by my right to still claim it is my first million dollar day. Hey, John Reese did it. One Million in 24 hours. But, what was not said is that he had to pay out an army of affiliates and that there were months of setup and logistics ahead of the one "24 hour day".
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    • Profile picture of the author Kendra Hanes
      Originally Posted by LMC View Post

      Hey, I appreciate all your comments. keweus, I apologize for misinforming you on the headline. But I stand by my right to still claim it is my first million dollar day. Hey, John Reese did it. One Million in 24 hours. But, what was not said is that he had to pay out an army of affiliates and that there were months of setup and logistics ahead of the one "24 hour day".
      It takes a multi-million dollar idea to get someone to throw a million dollars your way. Congrats, best wishes and continued success!
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      • Profile picture of the author Gregg Cleland
        A lot of people go on about 'taking action', but the action a lot of people seem to take is busily writing articles and micro-working their 'business'.

        I don't see so many people prioritising "Get in front of real people". Few people who sit in front of their computers all day trying to run a lonely little online business are going to make more than a few dollars. The big and *relatively* easy money is where the people are, like in LMC's case. I feel a little sorry for ultra-introverts who can't even imagine themselves doing IM with real people.

        I don't mean to sound like a jerk, but hey, food for thought. :-)
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  • Profile picture of the author anwar001
    This is inspiring but still a long way to go.
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  • Profile picture of the author pup
    congrats and thanks for sharing your story with us...
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    A Goal Without a Plan Is Just a Wish
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  • Profile picture of the author Kenster
    Pretty sweet stuff man. But 1mil, thats couch change...hehe just playin!
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  • Profile picture of the author AdiPurush
    Congratulation. i am kinda jealous and its obvious when i am still not able to reach even $100 a month and someone is making million bucks a day but i am happy for u too.
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  • Profile picture of the author veeronica
    Congratulations!
    and thanks for sharing!
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  • Profile picture of the author Mega B
    Well done it marks a tremendous milestone in ones business life.
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  • Profile picture of the author EdmundLoh
    This is one of my favorite posts in the Warrior Forum in a long time! :-) Congrats on reaching your million dollar milestone, LMC! I've learned a lot just following your notes here.
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  • Profile picture of the author otuwa2010
    Ohhh $1,000,000 day! That's awesome!, Really.
    If i were you, i would be really happy..!!
    Congra...
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  • Profile picture of the author LMC
    Hey, I really appreciate all your comments, I'm really looking forward to what we can do with the funding. Thanks again!!
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    • Profile picture of the author endpoint
      Originally Posted by LMC View Post

      Hey, I really appreciate all your comments, I'm really looking forward to what we can do with the funding. Thanks again!!
      Hello LMC,
      I have sent you a private message, I hope you get time to respond.
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  • Profile picture of the author macchiavelli
    I tought this was going to be one of those crappy topics filled with sarcasm but your post actually made allot of sense!
    I will have my million dollar day very soon...!!
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    • Profile picture of the author MrLD
      Now you got my mind running as to what to do with my domain 1milliondollars.net
      Congrats btw....
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      Bernz

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  • Profile picture of the author LMC
    Hey,

    Thanks again for the comments... endpoint, I go your PM, and will reply.

    "But the way I see it if you got me here to read that is good marketing to begin with....how you keep me is another story. "

    I'm assuming I kept you lol.
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  • Profile picture of the author Jesse in Portland
    great post, thank you so much sharing it with us!
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  • Profile picture of the author Cash37
    I'm bootstrapping. I want total control over my company.
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  • Profile picture of the author cindyt
    Congratulations and thanks for sharing
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  • Profile picture of the author AwesomePossum
    Tonio, failure creates success(not the other way around) and failure is only failure if that's what you choose it to be the result...setting realistic goals is for childish people....realistic goals are surpassed through unrealistic goals anyways.....and I don't see drawbacks as failures. That's just silly. "failures" or in successful terms obstacles are there to show you how to refine your success...nothing else....unless you actually like failure and choose to live in it....that's your choice though...but seriously, don't go around preaching failure in someone's thread when he got his first million dollar day. That's just incredibly inconsiderate. Get over failure or you can live in it for the rest of your life dude....it's your choice if DECIDE to fail but don't be preaching it to other people....it only hurts....it does NO(zero) good....there's no such thing as failure unless you like to roll over and die every time you encounter a problem.

    And LMC created 1M in profits for his business....get over it. If I created 150K personally in one day, I'd be pretty pumped....especially when taking into account the value I gave to my company.

    Great job and congrats LMC. I love the information you gave out...thanks for sharing some of the foundations of your business. We all truly appreciate it!

    Aaryn
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  • Profile picture of the author Jake Dennert
    I just had to click on this one. All I can say is congrats man, that's a huge payday.

    Kinda interesting how you did it too - Not something I'd be interested in doing myself at the moment, but to each his own.

    I know it's a cliche but anybody can do anything if they want it bad enough and set their mind to it.

    Congrats again,

    jaked10
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  • Profile picture of the author AwesomePossum
    Jake, It's such a cliche because it's the only truth we have in this world lol

    We all make our own realities and this makes up our reality.
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  • Profile picture of the author lulu25
    Hey,

    Congrats and well done. There is more to come. Thanks for sharing how you did it.
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    • Profile picture of the author Tmcqin
      Congrats on making the "big ticket" in one day. I'm looking forward to more success stories.
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  • Great job! I look forward to my first millionaire dollar day. Heck, I'd be happy with a millionaire dollar year in my pocket.
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  • Profile picture of the author LMC
    Hey,

    Thanks again for all the comments.

    The only advice I can give to you is look at your idea, and analyze all the failures, all the possible ways that you will fail.

    Minimize those failures.
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    • Profile picture of the author dyaonna
      Congrats !
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  • Profile picture of the author nbaron
    Great post and congratulations on your first Mil!
    Sharing your strategies and the steps taken is very much appreciated and
    much inspiring.
    Best wishes,
    Nick
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  • Profile picture of the author michaelbnielsen
    It is a progress from learning and repeating

    My 1st signup
    My 1st dollars
    My 1st 100 dollars
    My 1st 1 dollar per day
    My 1st 100 dollars per day
    My 1st 1,000, 10,000 and so on.

    Of course it was hard work preparing and getting ready. But the day is execution of all that was learned earlier.

    Now some of us are there and some of us are moving there...

    Keep failing forward. Be prepared to fail. If you expect a million dollar day and you only reached 990,000.- did you fail or will you do it all over?

    Michael
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  • Profile picture of the author Multi-millions
    congrats! and best of luck..thanks for the blueprint as well..Brooklyn Zoo! ..lol..i had to put in there..
    I love reading post like these because it doesn't matter if it's a million dollars in your pocket or a million dollars out of investors pocket. The point here is that LMC is happy about his accomplishments and he would like to share it with us. Thanks for sharing it with us LMC! reading positive post helps motivates me to continue my quest to become multi-millionaire (if you havent notice from my sn name..Lol)
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  • Profile picture of the author Bradshaw
    Great job man.

    This really is an inspiration. Of course you didn't do it by reading a book or anything, the path is in the doing, and this is really an excellent ideia. I've always wanted to start a mastermind group myself.
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  • Profile picture of the author itj
    Congrats man , Really Awesome......
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    • Profile picture of the author hooty
      I thought it was $1000000 a day everyday ... But still an awesome amount
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  • Profile picture of the author ACarpentieri
    That's great! There are so many ways to earn money as long as we let it flow to us instead of blocking it. Seems like you are going "with the flow." Congratulations!
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  • Profile picture of the author matrix1989
    Much respect man, you've made it!
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  • Profile picture of the author lindaingleson
    Milestones are wonderful Motivators.
    Its so true, if you only see the mountain top (or the $1m) you will soon tire and lose faith. If you see the first ledge, (or $100 day), you can push yourself to achieve it.
    I teach this all the time about achieving success - bite sized pieces.
    works every time, Well Done

    Linda
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  • Profile picture of the author thenight
    wow i really jealous with you, i'm newbie here and only make $10 per day...
    Congrats
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  • Profile picture of the author pitocus
    Interesting post.
    Not motivational for me (same as for many of us), because that's just not my goal. I prefer to have 1k days paying some affiliates and sleeping just fine than having 1M days and be prepared for some serious knee breaking (figurative or literal) if I don't meet my investor's expectations...
    Of course there's a chance you make it big in the end, but there's also a chance you don't.
    We just have to be clear that this post isn't about reaching a goal, but reaching a starting point instead...
    All the best in your journey!
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  • Profile picture of the author eugenedm
    I think I rather stay with affiliate marketing
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  • Profile picture of the author VcontentCreation
    I am so happy to know that it is actually possible to earn that amount online! Congratulations man!! Your success and tips can actually help those who are looking for something similar.

    I guess every business requires investment. Now that you are moving towards a big business so it is quite obvious that you will have to invest a big amount...

    Wishing more success for you!!

    Cheers
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  • Profile picture of the author Mian
    Great inspiration, thanks for sharing. keep it up buddy,

    Regards !
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  • Profile picture of the author juansaldivar
    Congrats man, I'm just starting out this helps me get motivated.
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  • Profile picture of the author manchoduck
    Congratulations!! Great tips! ^^
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  • Profile picture of the author Jason Field
    That's a great idea worth too much than 1,000,000 dollar. Congratulations.
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  • Profile picture of the author Paul Gordelo
    I have bad luck I am trying from last one year but not able to make single panny. Can you help me to get my first click bank sale. I will send that money to you for your service.
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  • Profile picture of the author Chris Q
    Banned
    I was so amazed of your $1,000,000 a day. Anything is possible if you work hard for it and to invest in a right venture that can make you big profits. Some of them said that $1,000,000 a day is just a total piss off message to attract them, but I think they are wrong. $1,000,000 a day is possible, you need to work hard and focus on your hard efforts.

    Congratulations!
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  • Profile picture of the author rmolina88
    Congrats!

    Imagine getting 1 million every day!
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  • Profile picture of the author PeterDunin
    Thanks for the advice,hope you continue to do well!
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  • Profile picture of the author talfighel
    Thinking BIG brings you BIG results and thinking small brings you small results.

    Now, I do recommend reading a lot but just reading and visualizing will not get your anywhere. You actually have to take action.

    Tal
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    • Profile picture of the author dbarnum
      Very inspirational thread! It's neat that you don't have to come up with all this yourself. You can find already established groups that welcome new members, pick up project ideas left on hold due to health or other reasons, etc.
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  • Profile picture of the author eshopgeek
    That's really very well done! Just shows what good planning and persistence can do! You know they say the first million is the hardest, so I guess you are really on your way now! Best wishes.
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  • Profile picture of the author tj0575
    I was amazed at some of the negative comments here. I guess some people still have to hate and be jealous of other peoples success(shame)!! But to end this on a positive point.....
    CONGRATULATIONS!! The way you outlined it was great also. I am sure you will continue to be successful and wish you success on all your business ventures!
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  • Profile picture of the author Thimblewimp
    I think everybody have their own way to make success ..
    in general, a good plan is the key to made success
    your plan is a very good one I thing

    thank you
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  • Profile picture of the author hockeyroom28
    Congratulations - hopefully soon you can be doing the seed investing!
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