Admittedly 1 million dollars is no longer considered to be a lot of money; but for the sake of illustration we will use 1 million as the target amount of money we aim to accumulate even while understanding that success today is measured in billions.

The road to 1 million
You can’t beg your way to a million dollars. You might be able to trick and scheme your way into accumulating a million dollars fast without giving anything in return for the money you collect; but, outside of getting lucky investing or playing the lottery, or coming into an inheritance, marrying someone rich then collecting millions in alimony after a divorce, you cannot honestly come about a million dollars without giving something that is valued at a million dollars, or selling multiples of something at a price that, once all units are sold, will yield a million dollars. And this is not something you can do overnight or effortlessly.

Presumably you’re a business person, or a business-minded person prepared to go after the million dollars you desire rather than to sit and wait hoping a million dollars will fall into your lap. You’re aware that there is more than one road that leads to riches. You’ve probably already tried to walk down a few but found it impossible to get over the obstacles that were thrown in your path. You’re looking for an easier route, or at the very least a surer route, than the ones you’ve so far taken.

Or maybe you’re just someone tired of hustling and bustling who’s looking for a million dollar idea, a million dollar business opportunity, an easy way to make tons of money doing little to nothing.

I could claim to have the ultimate secret to help you get rich, accumulate that million dollars. I can easily concoct documents to illustrate how much money I am making in order to entice you, lure you into my web of deceit and get you to pay me money for my secret. After all, I would need only 10000 sales of my secret, selling my secret at $100 to accumulate a million dollars. And 10000 is not such an impossible number. With effective marketing and advertising I could probably sell my secret to 50,000 people and even if I reduced the price to $49.99 I would still make nearly 2.5 million. But I don’t have a secret to sell you. I’m chasing the elusive million myself. However, after many trial and error trips down bumpy roads and paths that looked like solid ground but turned out to be swampy marshland, I am on track to achieve my goals after coming to certain realizations, taking them seriously into account and changing the course of my journey accordingly.

You know the saying, “you can’t get something for nothing”, at least not unless you beg for it, steal it, or borrow it and never give it back which is essentially stealing. Selling a product to people that you know beforehand is worthless to them and taking their money is, arguably, also stealing.

To get enough people to give you money so that you end up with 1 million dollars after sales, you need to give them something they want or need. It can be a product or a service; but it needs to be something that someone or many people will pay you for. In the case of it being a single individual, the product or service would have to be worth 1 million obviously. Of course after the IRS gets their share you won’t quite have 1 million dollars, but that’s another story. Alternately, you can provide an in-demand service free of charge and arrive at $1.6 billion dollars in the manner of Chad Hurley, Steve Chen and Jawed Karim, the founders of YouTube.

It is doubtable that when these three created YouTube they imagined the possibility of being acquired by Google for billions. But with “YouTube” they had created a valuable asset measurable in the combined worth of their millions of users and the millions of videos their users had upload between the time they launched, February 2005, to the time they were acquired by Google, November 2006. It is interesting to note that without the millions of people and videos and the explosion of the viral video trend that they can also be credited with creating, YouTube would have had no value to Google. So a number of factors played into the success of Chad Hurley, Steve Chen and Jawed Karim; but probably the most important factor was that they provided a service for which there turned out to be an immense market, and they provided the service free of charge.

The value of millions of people flocking to your website everyday should not be underestimated. However, in reality it’s not quite so easy to get millions of people flocking to a website everyday, so the YouTube route might not be the road to millions for you. You might have better luck with the traditional means for making money: exchanging a product or service for its value in money with consumers who need or want it.

Seven ways to apply the power of 10 to accumulate a million dollars

1. Accumulate a million dollars by selling a product for $1. You would then need to create only 1,000,000 units of the product.

2. Accumulate a million dollars by selling a product for $10. You would then need to create only 100,000 units of the product.

3. Accumulate a million dollars by selling a product for $100. You would then need to create only 10,000 units of the product.

4. Accumulate a million dollars by selling a product for $1000. You would then need to create only 1000 units of the product.

5. Accumulate a million dollars by selling a product for $10,000. You would then need to create only 100 units of the product.

6. Accumulate a million dollars by selling a product for $100,000. You would then need to create only 10 units of the product.

7. Accumulate a million dollars by selling a product for $1,000,000. You would then need to create only a single unit of the product.

You want to determine which route to a million can possibly work for you based on the product or service you are selling, the competition, the demand for your product or service or your ability to start a new trend, to create a demand. Obviously if you can get a million dollars in a single sale your job is done, but to make a million dollars in a single sale you would have to be selling something like luxury real estate, which can include virtual real estate as in an Internet domain that has million dollar value.

Whichever road you take, it is recommended that you always respect the intelligence of your potential buyer. Never try to scam or short change people. Exchange value for value. See that your product or service is of equal or greater value to the money you ask for it.

Copyright © EpHosting.com All rights reserved