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Holy crap, this is an interesting question…..
How would you make a million dollars in one month?
But seriously, let’s say I kidnapped one of your kids (and not the ugly one, but the good one)….and you had to come up with a $1,000,000 bucks by the end of the month to get him back.
How would you do it?
I already asked how would you make:
- ….an extra $100
- ….an extra $1,000
- ….an extra $10,000
- ….an extra $100,000
- ….and now I’m asking how you’d make $1,000,000
This is a pretty difficult question to answer, so I again asked some very very successful friends in varied industries how they would make $1,000,000 in around a month to help jog your mind before you answer in the comments.
SOFTWARE BACKGROUND GUY:
“HOW WOULD YOU MAKE AN EXTRA $1,000,000 IN A MONTH?”:
To people with billions of dollars, a million dollars is a thousand dollars. Solve a problem that someone with billions of dollars has.
I would create a custom piece of software that saves a large company money, and sell them that custom solution. I would find WHO to sell it to through LinkedIn.
INVESTOR & FINANCE DUDE:
“HOW WOULD YOU MAKE AN EXTRA $1,000,000 IN A MONTH?”:
There’s usually no way to inherently increase the value of an investment by 10x or 100x very quickly, unless it’s inherently super risky.
So in this situation of making a shit ton of money quickly, I’d find a small pharmaceutical company that’s on the verge of an FDA approval announcement, and bet heavily for (or against) them.
That’a the only way I can think of increasing an investment that rapidly.
REAL ESTATE DEVELOPER:
“HOW WOULD YOU MAKE AN EXTRA $1,000,000 IN A MONTH?”:
Well you’re talking a little crazy about making $1,000,000 that quickly, so I’ll give a crazy answer. The stars have to align for this to happen, but I HAVE seen it done several times:
You go and find a large apartment complex that’s in trouble and running under terrible management. Perhaps a complex that owes $20million to bank, but their property is only appraised and worth $15million, and they are about to go bankrupt.
You approach their bank and step in as a “solvent entity” to take over that loan.
You say, “I don’t think the property is worth $15,000,000 as appraised…..but I’ll still offer you $16,000,000 and you don’t have to go through with the foreclosure process on the property.”
The bank might be happy to sell you the loan, because they don’t wanna deal with the whole bankruptcy and foreclosure process. So you might be able to buy this $20million dollar loan at a SIGNIFICANT discount at around $16million.
Now if the property forecloses, YOU get full ownership. You can usually put in just a few hundred thousand dollars to increase the value of that property to $18million. So now for roughly $16.5 million you sold a property for $18million.
You just made $1,500,000 in profit in a super short amount of time.
The stars have to align for this to happen, but I’ve seen it done.
SF TECH GUY:
“HOW WOULD YOU MAKE AN EXTRA $1,000,000 IN A MONTH?”:
An interesting way to look at how to make $1,000,000 in one month would be to break down the numbers, for example: Using this product pricing calculator you can work backwards:If you sell a product, to make $1,000,000 in one month:
- You need 5,000 people to buy a $200 product.
- You need 2,000 people to buy a $500 product.
- You need 1,000 people to buy a $1,000 product.
- You need 500 people to buy a $2,000 product.
- You need 300 people to buy a $3,333 product.
- You need 200 people to buy a $5,000 product.
- You need 100 people to buy a $10,000 product.
- You need 50 people to buy a $20,000 product.
- You need 25 people to buy a $40,000 product.
- You need 5 people to buy a $200,000 product.
Breaking it down in this way can makes generating a million bucks far more attainable. Can you sell 100 people a $10,000 product or service? That would be $1,000,000 in revenue! It might be difficult to do this from scratch, but thinking about this problem backwards can really help you plan out how YOU would make a million dollars in a month.
Hope this $1,000,000 exercise stretched your mind a bit! Go through the comments below, there’s some good suggestions on how people would make a million dollars in a month. Also comment with the way YOU’D make a million dollars in a month, or how you’ve seen it done before.
Sincerely,
Neville Medhora – A Kontinuously Kurious Kopywriter
Interested in seeing how others would make different sums of money each month? Checkout everyone's answers for:
- How would you make $100 in a month?
- How would you make $1,000 in a month?
- How would you make $10,000 in a month?
- How would you make $100,000 in a month?
- How would you make $1,000,000 in a month?
P.S. If you need help coming up with million dollar ideas, use this Business Idea Generator to kick around some ideas! Or if you start a membership program use this recurring revenue calculator to see how much to charge people per month to make a million bucks.
P.P.S. Comment on the post with your plan/scheme/plot to make $1,000,000 in about a month, or how you’ve seen someone else make $1,000,000 in a short period of time.
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