How to earn 1 million in 1 year?

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Lamelo Ball

Lamelo Ball

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Is it possible to make 1 million in 1 year? If yes, kindly suggest some best methods/niches to achieve the target.
At present I make just $50-$100 a day selling digital stuff. Million mark is far cry with this amount. I started doing IM since 4/5 years but never got serious because I have got a regular job. Salary is meagre in international standard. So, I want to make a couple of millions and get out of my country.
I have thought of doing domaining seriously as I have some experience in it. Once I get some suggestions from my fellow BHW members, I will start a 'Journey' thread to keep the community updated and motivate myself.
I will appreciate detailed comments.
 
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Very possible.

How's your credit?

Go to the bank and take out a hefty business loan.

Invest in business and futures.

Grow business, payback loan.

Maybe look into real estate?

Lots of people who get rich borrowing money from banks.
 
Stewielenor said:
Pre tax or after?
Click to expand...
Post Tax

TayaX said:
Scale up what you're doing.
Click to expand...
Thank you. That's the plan right now.

underachieved said:
Very possible.

How's your credit?

Go to the bank and take out a hefty business loan.

Invest in business and futures.

Grow business, payback loan.

Maybe look into real estate?

Lots of people who get rich borrowing money from banks.
Click to expand...

I have good credit score. I thought of that but nature of my regular job does not allow me that. I want to make money online. Thank you for suggestion.
 
This is possible by creating a scalable high-ticket ecommerce, for example.

Create an ecommerce, learn how to create tests in FB Ads or hire a freelancer to create a winning campaign. Reinvest your earnings in more campaigns. Improve your ecommerce SEO. Promote your site with IG Influencers.

When you're earning 50K USD per month you can sell your site for 1KK on Empire Flippers. Or continue investing in your ecommerce.

But it takes time, you'll be able to earn 1 million in a year in 2021/2022/2023 maybe, if you don't have an initial investment.
 
Wow, that's both brave and stupid mate. Still, I guess most of us here aren't cut out to advice you on this as I don't think most guys here make that much POST-TAX!

Read books mate, you need a business not a hobby to achieve that kind of goals :)
 
TayaX said:
Scale up what you're doing.
Click to expand...
Most of the times even that is limited. Hard to earn that much with one method only.
 
Just a suggestion don't keep 1 fixed income plan multiple and invest in different streams but take a hefty loan and invest in food business , some offline stores then promote them as much as possible
 
Lamelo Ball said:
Is it possible to make 1 million in 1 year? If yes, kindly suggest some best methods/niches to achieve the target.
At present I make just $50-$100 a day selling digital stuff. Million mark is far cry with this amount. I started doing IM since 4/5 years but never got serious because I have got a regular job. Salary is meagre in international standard. So, I want to make a couple of millions and get out of my country.
I have thought of doing domaining seriously as I have some experience in it. Once I get some suggestions from my fellow BHW members, I will start a 'Journey' thread to keep the community updated and motivate myself.
I will appreciate detailed comments.
Click to expand...
$50-$100 per day is actually huge. If you managed to do that, it's no doubt that you're capable of reaching your goal one day.

From 0 to 5 per day is actually harder than from 50 to 100.

The answer is simple. Keep improving (extend your knowledge and skills), try to scale what you already have and explore other options at the same time. Don't be afraid to lose money. Loses are temporary. And even when you lose money, you gain experience, which can sometimes be more valuable than the lost amount.

Also, not sure where you live, but I'm generally against leaving the country. I live in Serbia where the average income is around $550. But if you take away the top 5%, it probably goes to sub 400. For my part of the country, which is even poorer, it's probably around $350.
By making around ~3k per month with 2-3h of online work at the age of 24, I live like a king here. I'd never want to leave. If I were to move to US for example, I would be average.

Unless your country has major problems (wars, too much crime etc.), it's much better to be rich in a poor country, than to be average in a rich country. :)
 
creating something like pornhub maybe
 
No it's not possible, there I said it, I'm not sure how optimistic one has to be to believe in that.
 
You are doing what everyone does
working for someone instead of being your own Boss
meanwhile i have ideas that worth at least $300M but dont have the nece$$ary team to take this out of the paper
 
first find how to make 100$ per day and after that think how to make 1 million
it's not that easy
 
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