Jump to content

    How would you make a million dollars in one month?

    Holy crap, this is an interesting question…..

     

    How would you make a million dollars in one month?

    million-dollar-bill

    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:

    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?”:

    If I wanted to be shady I'd make a pyramid scheme? Otherwise I'd borrow from friends or investors? But if you break down one million dollars, it requires an investment of $10,000 from only 100 people.Like....you just need to have 100 customers for something. That's doesn't sound totally unreasonable.

    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:make a million dollars pricing breakdown

    • 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:

    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.


    User Feedback

    Recommended Comments



    Guest How To Make 1000 Dollars Per Month | gol.gogoodskh

    Posted

    […] How would you make a million dollars in one month … – 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 … […]
    Link to comment
    Guest How To Make 200 Dollars A Month | gol.gogoodskh

    Posted

    […] How would you make a million dollars in one month … – 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 … […]
    Link to comment
    Guest How To Make 1 Million Dollars In A Week | gol.gogoodskh

    Posted

    […] How would you make a million dollars in one month … – 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 … […]
    Link to comment
    That is the one and only way - the LAW OF ATTRACTION! Which you explained very well.
    Link to comment
    Guest Mohit Gangrade

    Posted

    Hey Neville,

    I would do this the Gary Halbert way. I would first find a starving market, create a product better than the top performing, and write great copy that sells.

    Gary used to sell through direct mail but we can use advertising which is much cheaper, more accurate and reaches a wider audience.

    I think this might work. With online ads, you don't have to wait for the traffic to start kicking in on your website.

    I think Ryan of DigitalMarketer.com did something similar with his Survival niche website.

    I will actually try doing this in a few months.

    Thanks,

    Mohit Gangrade

    Link to comment
    Guest Jimmy Waddell

    Posted

    Fashionably late perhaps … but here we are. With a blue tee shirt and a blue KC Royals cap on even though I am a Mets fan. Go figure.

    Chances are few will get to see this comment because of the dates and because of the moron who posted all the spam links prior to my post.

    One million is a GiGantor number. So GiGantous that many comments I read were just folks just trying to be funny and amusing, but others were creative and actually DO-able.

    Anything is possible really, when you put your mind to it. Awesome brain stretcher exercise NeVille. I really enjoy your blog.

    For the record … what the bleep is a NevBox anyway!?!

    You have to break down that number and consider it from a different perspective. As NeVille suggests break it up into manageable chunks and then look at your options. As my good friend Master Le would say “Smaaaart Man”. So think. Creatively. Consider the numbers involved. Numbers … Hmm … I like numbers (I once had to memorize all the zip codes in my state (CT), it was work related. Still to this day when I see a town / city name … the numbers (zip) pop into my head!!

    Anywayyyyy.

    Look at it in reverse. How many of this (number) do I need to get that (number). For example, if 50,000 people spent $20 on something (a very modest purchase price) that would be One Mil.

    Where to find 50,000 humans? Well … at a sporting event maybe. Okay that was easy.

    It’s baseball season right now and for the record my NY Mets are playing like chumps, but thousands still show up to Citifield.

    So if we need 1 mil dollars in one month to satisfy Nev’s criteria what product or service can we come up with to offer?

    Thinking further. How many teams are there in MLB? Correct - 30. So on any given Summer night there are about 15 games, but let’s just say 12 games as not every team plays. 12 games with an average of say 30,000 per game (2016 average tickets sold per game was just over thirty thousand) gives us 360,000 in attendance in one night. And let’s just say maybe only 5% of fans will respond to our offer, so that’s 18,000 fans.

    And a week or so later, we do the same thing but thinking in terms of the OTHER 12 games featuring a different home team (different stadium) but now 10% of fans respond to our offer, so that’s 36,000 fans. (further marketing efforts and word of mouth advertising, etc)

    Quik review:

    Week one, from our 12 games we have 18,000 responses/orders

    Week two, from our 12 baseball games (from different stadiums) 36,000 fans have responded/ordered.

    Now we’re cooking. Are you with me?

    (For the record as I write this I still don’t know what product/service I am offering to these patrons, but the wheels are turning in my brain and as you can see the numbers work so far!)

    So I am thinking a product (rather than a service). So give me a minute or two. Okayyy looking over my shoulder like that won’t help me!

    Alright. How about this Charlie Brown. People go to games all the time. I go every now and then and I save my ticket stub. I am sentimental. Especially if you are a kid, you would save your stub to remember the great game and the fun you had. Right? I have ticket stubs from Yankee and Mets games from years ago. I have also misplaced a few of these ticket stubs over the years as well. Also, now that I think about it I really don’t remember who won the game, or who the pitcher was, or who hit a home run (other than Reggie Jackson) … ya know things like that.

    So I think of a cool nifty website name (CoolNiftyWebsiteName.com) and I get a developer to assist me in setting up this website (a VERY minimal cost upfront when Mr. Developer sees the dollars on the back end). The idea is that folks (only 5-10% remember) take a picture of their ticket stubs and upload it to my website. Here, you the fan, have access to it anytime (think cloud) and we include all the relative info about the game so you will never forget the details (like I did). AND, you can do this an unlimited number of times for the entire season (i.e. many different games if so). AND, for those of you who caught a foul ball, take a pic, upload it, we will also send you a framed picture. I’m diggin’ this so far!

    All this for a one time seasonal price of only $9 (yep that’s all). Now the numbers. 18,000 plus 36,000 - times 9 bucks is $486,000. A bit short of our goal I know, but stay with me Johnny Utah. So we offer an UPSELL because you’re already spending crazy dollars at the ballpark for hot dogs ($5) and beer ($7) so why not spend a bit more than $9 for a one season deal. For just $19 you can have lifetime access, unlimited uploads of your ticket stubs, all the nine dollar perks as well, PLUS any sporting or concert event ticket stub that you go to for life!!!

    18,000 plus 36,000 (that’s only 5 and 10 percent responding to our offer) is 54,000. Multiply that by 19 bucks and we have $ 1,026,000.00

    With the extra $26k you would payback any initial marketing expenses.

     

    Winner winner chicken dinner.

    Why would someone pay me to upload a picture of THEIR OWN ticket stub? Let me answer that with another question (I often do that and it drives my friends bananas). Why would someone pay for satellite radio when the actual car radio is absolutely free? Umm … and how many millions was Howard Stern’s satellite radio contract?

    Upfront marketing costs would have to be worked out of course. Maybe it’s $1,000 to advertise on a scoreboard for ten seconds or so, and maybe initially you need to go to a hard money lender for a loan to cover marketing (similar to a money lender in Real Estate who funds property rehab deals). And maybe you FaceBook the hell out of it too, and you can even do some bootleg marketing at the stadiums. Teens/young adults in tee shirts with the site name giving out flyers, etc.

    So costs upfront seem to be manageable. Big Payout at the end. As I mentioned earlier anything is possible when you put your mind to it. One million dollars is just a number. Go Big or go home.

    “The Wizard is coming out from behind the curtain soon.”

    Disclosures:

    Yes, I was writing this and thinking about an idea at the same time.

    Total brain investment time just under an hour.

    Yes, I always add in characters to my writing / thoughts.

    Yep, I am a Mets fan.

    Yep, I do know all the zip codes in CT

     

    ~ JIMMY

    Link to comment
    Guest Dr. John Oda

    Posted

    Outstanding article, made me think of several ways, great feedback and examples. As you know I am an executive business coach, we do business and life coaching, speaking and online products, and other business services.

    I'm also an author of two books. Connecting with your teen and Life is a Garden.

    I will take on this challenge as of today, September 15, 2017 for the next 45 days, my outcome will be to make one million dollars. When I accomplish this goal every month I will double it.

    I thank the author for this article, an everyone who gave amazing feedback thank you for changing my thinking and focus.

    Much love and God bless to all...

    Link to comment
    Guest How would you make an extra ,000 in a month? :: Kopywriting Kourse

    Posted

    […] How would you make $1,000,000 in a month? […]
    Link to comment
    Guest PositiveThinker

    Posted

    With all due respect, the fact that your talking/thinking like this is why you'll never get out of the red. Stop talking/thinking negatively and start think positive. Think solutions. Think creation. Talk in terms of "how".
    Link to comment
    Guest C T Mitchell

    Posted

    CRIME FICTION AUTHOR

    "How I Would Make $1,000,000 In A Month"

    There are heaps of ways Neville. C'mon bro get creative!

    'The Hard Way'

    Write an outstanding book the whole world raves about and movie studios are clambering to sign you. And did I mention TV breakfast show interviews? Too much hard work and only a small % of success. Let's go something easier.

    'The Scammy Way'

    Jump on Fiverr and get a 'friend to make up some images showing a grapph of your rising book sales on Amazon. Couple this with a few shots of you sitting on the bonnet of a Bentley outside your mega mansion. Bookstores, publishers will rush you with REAL orders.

    'Deadly Way'

    Threaten some hired profile people that you will name them in your next book unless they pay you a million dollars. Hmmm might cost you $2 million to defend yourself though.

    'The New Identity Model'

    Modify your name to somebody already making a million/month in the book world and get some happy snaps with them - or at least photo shop yourself in.

    Is that enough to get your started 'Rich Uncle Neville'?

    Link to comment
    Guest Greg Reed

    Posted

    Interesting suggestions Neville by C T Mitchell but you should avoid some of these to 'stay out of jail'..........unless you like living next to blokes called 'Bubba'
    Link to comment
    This is actually being done today and the guy who implemented it is raking in a ton of money. He probably read your comment and went for it haha
    Link to comment
    Guest Viliam

    Posted

    Honestly, I have no clue.

    Well, actually, I do.

    Right now I am making money with poker. Let's say about 1k USD/month. It is not much, it is not too little. I think, it is ok.

    So, my goal (let's be realistic here) is to make 10 USD/month with as little work as possible. Which means, that I want to put maximum 80 hours per month to sustain this income.

    How am I gonna do it? No idea, but you guys inspired me to take a risk and I am gonna be writing articles about my journey.

    One thing is certain. I have to take as much risk as possible. I don't even have much money in my account. But fuck it. Worst case scenario: I have to lend the money from my family/friends. And then, I will repeat the process. But, I will make different mistakes :D

    Cheers and keep up making killer content!

    Link to comment
    Guest Richard

    Posted

    Thought the idea was to EARN a million, not turn you into a casino junkie and lose your shirt followed by your house.

    You tactic will not only leave your best child in the hands of the kidnappers, it will also mean there is no longer a home to come back to. The poor child will probably be sold to someone else while you walk the streets wearing a bin bag shirt.

    MISSION FAILED

    Link to comment
    Guest Richard

    Posted

    0.01 Double every day for 30 days is $11 million

    Good idea but I would rather start off with $30 and x2 this every day for 15 days and earn $1,146,880

    Unfortunately, in economics this is a daily increase of 200% which is hard enough to find one, never mind 15 in a row. The only way I can think of is what the dude above you said... The Roulette wheel

    Link to comment
    Guest Richard

    Posted

    Or you could stick an old pair of sandals on ebay and claim they once belonged to someone ancient and well known like Ghandi. Start the bidding at $500k with a buy now option of $1,000,000.

    When the auction is live, PR the shit out of it. Media queries, social media advertising and of course contact every mainstream news organization you can manage in 30 days. Done correctly this will work every time.

     

    Link to comment
    Guest Richard

    Posted

    You could start a Kickstarter to raise cash to promote another Kickstarter which is there to raise money for another Kickstarter. Do this 100 - 200 times and you have a small network of Kickstarter that all funnel cash to the first Kickstarter that is only asking to raise $100 for a pair of fancy socks.

    Spend $50 on Fiverr to get fancy presentations, nice graphics and professional sales pitches

    Link to comment
    Guest Richard

    Posted

    First you need an email and a prestigious title. lol
    Link to comment
    Guest How would you make an extra 0,000 in a month?

    Posted

    […] How would you make $1,000,000 in a month? […]
    Link to comment
    Guest How would you make an extra ,000 in a month?

    Posted

    […] How would you make $1,000,000 in a month? […]
    Link to comment
    Hi, almost one year has passed.. did you make it? (i may ask for extension if not done yet)
    Link to comment



    Create an account or sign in to comment

    You need to be a member in order to leave a comment

    Create an account

    Sign up for a new account in our community. It's easy!

    Register a new account

    Sign in

    Already have an account? Sign in here.

    Sign In Now

    • Join 55,000+ people getting our newsletter

      nev-and-logo-going-into-email (3).gif

      - Get notified of new posts -
      - Get weekly S.W.I.P.E.S. Email -
      - Get a free masterclass in copy -
      - People love our emails, see testimonials -

    ×
    ×
    • Create New...
    Guest