What does it take to earn a million?

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I know it's a broad question-I'm just curious to know what you think.
#earn #million
  • Profile picture of the author ChristopherTheron
    Patience, dedication, and most importantly focus. Determine your million dollar plan and stick to it, no matter how hard or far away it seems. It can be hard to stay focused when you run into a roadblock, but if you want to reach the top, you have to adjust, stick to the plan and keep moving forward. If you don't have passion for what you are doing, you will most likely fail.
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    • Profile picture of the author jdwolfe
      Originally Posted by ChristopherTheron View Post

      Patience, dedication, and most importantly focus. Determine your million dollar plan and stick to it, no matter how hard or far away it seems. It can be hard to stay focused when you run into a roadblock, but if you want to reach the top, you have to adjust, stick to the plan and keep moving forward. If you don't have passion for what you are doing, you will most likely fail.

      I agree, however just bear with me here...

      1) In regards to roadblocks, you will always have them...please consider them as milestones; plan and prepare for them.

      2) Look at the whole picture: ask questions, get advice, you will never be able to do this alone. (do not even try to)

      3) Networking!

      4) Networking!

      5) Networking!

      a) Networking...associate yourself with like minded professionals.
      You say that you don't know any millionaires...I would almost be willing to bet that someone you knows does.

      If I may digresss...

      Many years ago (70's), I was invited to a 'Pig-roast'. A friend of mine who made less money then me, met this guy in a bar. Who inturn invited him to his pig-roast and offered him to invite his close friends, if he wanted to.

      Well, this gentleman turned out to be the Vice-President of Hoover Vaccuum Cleaners. he had a 37 room mansion in Cleveland...on Lake Erie.

      I met him and his dad, great people!

      At that time all I wanted to do to was work for a living. BIG MISTAKE!

      Morale of Story: Network Online or Offline...you just never know who you will meet and might be able to assist you and give you guidance in your future endeavors.
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      • Profile picture of the author myob
        All you need is ignorance and confidence, and success is sure.

        - Mark Twain
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  • Profile picture of the author Josh Richardson
    Education, Leverage, Traffic, Conversion, Tracking
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  • Profile picture of the author VegasKid777
    A million dollar product, gonna take a lot of work to make a million bucks off of affiliates alone!
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    • Profile picture of the author Mike Hill
      Originally Posted by VegasKid777 View Post

      A million dollar product, gonna take a lot of work to make a million bucks off of affiliates alone!
      Who's to say it's one product? You're only limited by your imagination. Everyone has the same amount of time in a day and yet some people are millionaires while others are not.

      They aren't luckier and most of them aren't even that smart but one common denominator they all have is:

      1) Work ethic
      2) Thinking outside the box
      3) Never give up

      Those attributes will carry anyone a long way, so get started and just do it!
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      • Profile picture of the author Keith Boisvert
        Originally Posted by Mike Hill View Post

        Who's to say it's one product? You're only limited by your imagination. Everyone has the same amount of time in a day and yet some people are millionaires while others are not.

        They aren't luckier and most of them aren't even that smart but one common denominator they all have is:

        1) Work ethic
        2) Thinking outside the box
        3) Never give up


        Those attributes will carry anyone a long way, so get started and just do it!
        Pretty much answers the question I think. Its not about a college education or "luck", its about the 3 items listed above. I would only add:

        4) Continuing self improvement

        ~keith
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  • Profile picture of the author KunTaoM
    Dedication and a lot of hard work. It's not easy by any standards, it takes time and you need to be patient.
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  • Profile picture of the author Matthew Shane Roe
    1 sale at $1,000,000
    10 sales at $10,000
    100 sales at $1000
    1000 sales at $100
    10,000 sales at $10
    1,000,000 sales at $1
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    • Profile picture of the author Eric Lorence
      Originally Posted by Skid_Roe View Post

      1 sale at $1,000,000
      10 sales at $10,000
      100 sales at $1000
      1000 sales at $100
      10,000 sales at $10
      1,000,000 sales at $1
      Actually, multiply the first numbers in those rows by "2" - since taxes will eat the first million ...
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      • Profile picture of the author KenB
        .. All you need is CPA.

        5 months of work, 500k a year on autopilot.

        Ez
        Signature

        Put another affiliate link in and you go away.

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        • Profile picture of the author aistores01
          Originally Posted by KenB View Post

          .. All you need is CPA.

          5 months of work, 500k a year on autopilot.

          Ez
          Could you elaborate? Which tools will be best?
          TIA
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          • Profile picture of the author myob
            Originally Posted by Steve36 View Post

            What does it take to earn a million?
            You would have to net $1.48 million before taxes.
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      • Profile picture of the author OrangeBull
        Originally Posted by Eric Lorence View Post

        Actually, multiply the first numbers in those rows by "2" - since taxes will eat the first million ...
        And after the first number, multiply the dollar amount by 10, except for the last number.

        10 x $100,000 is $1 million, not 10 X $10,000.

        We all know what you meant, but...
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    • Profile picture of the author true900
      Banned
      Originally Posted by Skid_Roe View Post

      1 sale at $1,000,000
      10 sales at $10,000
      100 sales at $1000
      1000 sales at $100
      10,000 sales at $10
      1,000,000 sales at $1
      you made a mistake in calculatin. 10 sales at 10.000 isnt 1mil. its 100k
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    • Profile picture of the author V12
      Originally Posted by Skid_Roe View Post

      1 sale at $1,000,000
      10 sales at $10,000
      100 sales at $1000
      1000 sales at $100
      10,000 sales at $10
      1,000,000 sales at $1
      10 sales at $10,000=$100,000
      100 sales at $1000=$100,000
      1000 sales at $100=$100,000
      10,000 sales at $10=$100,000

      I hope you're not an accountant
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  • Profile picture of the author CDarklock
    Originally Posted by Steve36 View Post

    I know it's a broad question-I'm just curious to know what you think.
    20 years.

    Let's say you make $25 an hour.

    You get a full time job. That's $1,000 a week.

    Assume you take one week's unpaid vacation a year, and five unpaid sick days, that's 50 weeks of work a year for $50,000.

    And if you do that for 20 years... it's $1,000,000.

    But that's not really what you want to know.

    What you really want to know is how you get $1,000,000 in your hands all at once. Because over all those years making $1,000 a week, you're going to need to pay all kinds of bills and expenses.

    But here's what really happens. The people who go "I MADE A MILLION DOLLARS" pile up a stack of expenses they don't have to pay for a month or longer, then do a huge promotion that pays massive commissions to drive lots of affiliates to make sales, and then get screenshots before they have to pay everyone.

    So they get that $2,143,578.32 screenshot of their account balance, then go pay the $1.6 million in commissions they owe, and the quarter million in service fees, and the $125k in taxes, and they sit there with a big grin on their face and about $150k in the bank.

    Been there. Made $1.7 million in gross revenue in 2004, and got to put about $130k of it in my pocket. But that was traditional brick and mortar business, so people go "well this is different, it's the internet!"

    No it's not. It's business. It still works the same way. The money still comes from all the same places and goes the same places. The internet isn't magic. It's just convenient.
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    "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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    • Profile picture of the author Dan C. Rinnert
      $975,001 and a 6-month CD with 2.5% interest.
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      Dan's content is irregularly read by handfuls of people. Join the elite few by reading his blog: dcrBlogs.com, following him on Twitter: dcrTweets.com or reading his fiction: dcrWrites.com but NOT by Clicking Here!

      Dan also writes content for hire, but you can't afford him anyway.
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  • Profile picture of the author Buildingfutures
    It really depends on what you're willing to do for a billionaire.



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    Simple Mission Statement "Under the Radar and Over the Top!"
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  • Profile picture of the author website12
    Banned
    You need to create you own product and get lucky or meet someone
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    • Profile picture of the author Mike Hill
      Originally Posted by website12 View Post

      You need to create you own product and get lucky or meet someone
      So what's stopping you ... you have a phone right? Bust a move, think outside the box and start meeting people who can help you to your million dollar payday.
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  • Profile picture of the author Fazal Mayar
    Either your own product or a big network of blogs, sites and affiliate sites!
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    Blogger at RicherOrNot.com (Make Money online blog but also promoting ethical internet marketing)

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  • Profile picture of the author SShip
    [DELETED]
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    • Profile picture of the author website12
      Banned
      Originally Posted by Fruzzlies View Post

      28 sites that are making $100 a day.
      28 x 100 = 2,800 A Day
      2,800 x 30 Days = 84,000 A Month
      84,000 x 12 Months = 1,008,000 Year

      Should be really simple right? :-) Not really.
      You forgot taxes :p
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  • Profile picture of the author arfraser
    To be able to go that extra mile I suppose.
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  • Profile picture of the author magicmarcus
    give away 782 free downloads on your site each day and get paid $3.50 each.

    check your cpa networks for said downloads... check high traffic sources for traffic. even at a 10% conversion (which is low from what i have seen) you only need 7,820 visitors per day. think outside the box and you will find them.
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  • Profile picture of the author Joey89
    Well it depends what you can create and what ideas you get.

    1. Create your own products
    2. Learn about the stock market.
    3. Sign up for the war room lol.
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  • Profile picture of the author mrdanilodiaz
    It takes time and money.
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  • Profile picture of the author Giftys
    Gross or net? Grossing is not that hard. Many businesses that are growing and working hard, etc. reach this. Netting it can be more difficult. It usually requires diversification, careful management of overhead, unique ideas and sometimes just good old fashioned luck.
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    WWJD

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  • Profile picture of the author Shimon
    Hi, I personally think to be a Millionaire.

    It takes alot of Hard Work, Dedication, Positive Mindset, and to Network with Like Minded People, once you know these people you can share knowledge and advice which can help you to be successful.
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  • Profile picture of the author Rose Anderson
    A very hungry market....
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  • Profile picture of the author JamesGw
    There's a lot you can do to make a million dollars. Most generally, you need hard work, patience, and a well thought out game plan.
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  • Profile picture of the author derekwong28
    It depends on the length of time it takes to make the million. If it is 10 years or more, than there is nothing to write home about.
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    Do not get between a wombat and a chocolate biscuit; you will regret it dearly!

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  • Profile picture of the author WebPen
    Come on guys, you're all missing the obvious.

    -Marry a rich person
    -Kidnap a rich person, ask family for a ransom
    -Rob a mega-bank
    -Buy a multi-million dollar home and have it "accidentally" burn to the ground
    -Buy a piece of software on Clickbank and push a button!
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  • Profile picture of the author Rose Anderson
    [DELETED]
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    • Profile picture of the author OrangeBull
      Originally Posted by Rose Anderson View Post

      You forgot...get burned by hot coffee at McDonalds and sue them!

      Oh wait...he said "Earn" a million dollars...I'll keep thinking.
      Have you seen the new HBO documentary "Hot Coffee?"

      I'm just wondering because the media always portrayed that as a frivolous case, but as soon as I saw how badly the little old lady was in fact burned by the coffee that was scaldingly hot it becomes obvious that it was not a frivolous case. And because the coffee was kept at an exceptionally hot temperature due to McDonald's operating procedures, which their own safety people acknowledged were too hot and there had been 700 prior incidents of serious burns, the jury sent a message with $2.7 million in punative damages, the equivalent of the gross value of 2 days of coffee sales.

      Honestly, the burns were so severe I would've thought someone pour gasoline on the woman and lit her on fire.
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  • Profile picture of the author dannygnenerate
    Originally Posted by Steve36 View Post

    I know it's a broad question-I'm just curious to know what you think.
    Boy oh boy did I wake up on the wrong side of bed this morning. Listen, the first thing you need is to stop listening to people who are claiming to make money but aren't making a red CENT. These people kill me and they are very misleading. Use ONLY what works. To make a million you need tools. Every successful foundation was built from tools that work. It's no different than building a home, you need the tools and without the right tools the house will fall, HARD. You have to get motivated and work towards your goal as if it's your last option. This made me successful and this will make you successful also. No, I haven't made 1 million dollars this year and I'm not trying to, but online in this year alone I've made over 102,000 dollars and it's July. It's all about networking, tools and EXPOSURE. Clever exposure. One more thing... you have to ALWAYS be honest. Never, ever lie because your character is on the line. So whatever you promote make sure you use it and believe in it yourself.
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  • Profile picture of the author wrongnumber
    Originally Posted by Steve36 View Post

    I know it's a broad question-I'm just curious to know what you think.
    I DUN KNOW ABOUT THE MILLIONS... BUT THE BILLIONAIRE FORMULA IS SIMPLER BUT DIFFICULT TO ACHIEVE...
    - FIRST IS THE LUCK... this keeps everything in the right place at the right time...
    - SECOND DEDICATION... knowledge and hard-work towards the things you like... really important...
    - THIRD STOP RUNNING AFTER MONEY:... its simple... you run after money... it runs away from you... you stop running and start working, working hard... and the money comes to you... but... you need to be true to your heart that you are not looking for money... you're looking toward excellence in the work you do....

    There are numerous examples.... start counting... and you yourself would know!...

    Cheers!...
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    • Profile picture of the author dannygnenerate
      Originally Posted by wrongnumber View Post

      I DUN KNOW ABOUT THE MILLIONS... BUT THE BILLIONAIRE FORMULA IS SIMPLER BUT DIFFICULT TO ACHIEVE...
      - FIRST IS THE LUCK... this keeps everything in the right place at the right time...
      - SECOND DEDICATION... knowledge and hard-work towards the things you like... really important...
      - THIRD STOP RUNNING AFTER MONEY:... its simple... you run after money... it runs away from you... you stop running and start working, working hard... and the money comes to you... but... you need to be true to your heart that you are not looking for money... you're looking toward excellence in the work you do....

      There are numerous examples.... start counting... and you yourself would know!...

      Cheers!...
      Amen to this... But we can create our own luck... I'm going to tell you guys something... You're all working too hard. Create a network amongst yourselves, stop trying to do all the work yourselves. In plain English. Target traffic, hard work, get tools. GET MOTIVATED
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  • Profile picture of the author sbucciarel
    Banned
    Learn how to make a dollar and then do it a million times.
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  • Profile picture of the author OrangeBull
    Of course the most obvious way to "earn" a million dollars is to become a successful athelete, entertainer, executive at a large corporation, hedge fund manager, doctor, or attorney. Those are the only professions I can think of where someone might "earn" a million dollars in a year.

    To "make" a million dollars, or acquire a million dollars in assets is a different story.

    To acquire a million dollars in assets. Buy three little green houses and trade them in for one big red hotel. It's as simple as the formula in monopoly.

    To "make" a million dollars out of thin air is the most difficult task, that requires creating an idea for a business, and assemble a team so valuable that other people are willing to invest their money in your venture.

    To "gain" a million dollars in sales in a year is not particularly difficult. Develop a product which has a value of about $100 and sell that product to 10,000 people.

    That is not an enormous set of buyers, but it might require considerable marketing expense.

    The best way to "gain" a million dollars in this way is to create a product which is ephemeral and costs nothing or next to nothing to make, for example a digital information product such as a membership site that will average 4 months of memberships at $25 per head sold to 10,000 people.

    Of course that still doesn't cover the marketing expenses. For me the best way to advertise your product would be to create an advertising service that has value for multiple other businesses which allows you to monetize the cost of advertising other people's goods and services, while advertising and marketing your own products through that same service you are providing to these other indviduals. Affiliate marketing has some of these advantages, in that you can monetize an email list of purchasers many times over and use your affiliates to build your list, but that isn't necessarily the best way to use other people's resources for my way of thinking, but then again, that is just me. I would rather not give other people money to build my list or sell my product. I would rather create a product that virtually sells itself, target a ready market, and piggyback on the service I'm providing them to sell my new service, but again, that's just me.

    Regardless of what you do, leverage will be required to take nothing and turn it into a million dollars. Your ability to take a million dollars and turn it into two million dollars is far less dependent on your ability to leverage other people's money, but it is dependent upon your ability to leverage other people's time.

    Leverage comes in two forms:

    1) Your ability to use other people's time
    2) Your ability to use other people's money

    Your ability to use leverage is determined by your CIQ

    CIQ=Creative Intelligence Quotient

    I will say this, if you are trying to build a list without a product of your own to market, you are probably doing things wrong in the IM world.

    Of course to "earn" a million dollars over the course of a forty year lifetime, all you need to do is earn from wages or salary $25,000 per year. That's the easiest way to "earn" a million dollars. Of course if you can make $50,000 per year for 30 years, you will "earn" $1.5 million over the course of your working life. So there are a lot of ways to "earn" a million dollars.
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  • Profile picture of the author anhart23
    I would start with making an effort to at least begin with this, then dedication, hard work, savings and of course, blessings of god and our loved ones.
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  • Profile picture of the author Dennis Gaskill
    For most people, we need to change our mental programming in regards to what we think and believe about money.
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    Just when you think you've got it all figured out, someone changes the rules.

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  • Profile picture of the author dagaul101
    Find something that works and scale it up, for however long until yo get there, simple in theory but absolutely not so in practice
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  • Profile picture of the author princeofirf
    nothing if ur dad is Rich ,,,
    But if not then itrequires time, hardwork, consistency, education ...
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