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    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.


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    Guest Nabil A.

    Posted

    hahaha... Then I guess you're in this for the $10M, aren't you?
    Link to comment
    Guest Adam Szabo

    Posted

    I might have stolen this idea from a movie:

    1. Make an energy drink called Average Kok.

    2. Sell it to the masses. Use a very low entry price so everyone buys it. It doesn't matter if it's not profitable at this stage.

    3. After everyone drinks Average Kok, rally a group of celebrities for a presentation where they all receive 1,000 Koks with their name on it. These are no Average Koks, these are unique :)

    4. Tell them to give their 1,000 Koks to their rich, cool friends (post Instagram pictures with it, etc) so everyone wants one, but they cannot buy one at the store.

    5. Sell some stores these unique Koks on one term: they can only sell these to people who bring in an empty bottle of the exact same Kok. E.g.: You can buy a Kok with Taylor Swift's name on it only if you bring in an empty bottle with Taylor Swift's name on it.

    6. Now everyone wants these unique Koks. Make the price really high and profit!

    Link to comment

    Thanks Neville.

    Going after big companies is certainly a more stable long term option. But to get things kicked off in a month, I still think a-list celebs would be the lower risk option. With a celebrity you have one, maybe two decision makers at most, and one of them is *personally* at risk. At a large company, it would be hard to get in touch with the decision maker in a month, let alone be vetted and signed off on by said decision maker (or likely, committee of decision makers). And if you did get ahold of them, they have teams of security experts and contractors who they could task for the same job. Certainly once you navigate that process it could be more lucrative, but then you're still left competing against every other IT security firm in the world.

    Link to comment
    Guest Wayne Quigley

    Posted

    I should have seen this thread from the start, but I didn't.

    In keeping with current events, I'd run for election and raise a ton of money by appealing to a core group of political nutjobs with money. I would tell them that so-and-so on the other side wants to take away their (fill in the blank) if they get elected, but I'll support their rights to have (fill in the blank.) Then after airing some commercials and spending part of the money (through an ad manager that just so happens to be a newly formed corporation that I am the CEO and sole employee of) I would suddenly drop out of the race citing personal reasons, and as the CEO I would pay myself a big $1,000,000+ bonus and declare the company bankrupt.

    It may not be honest, but 1. it gets the job done, and 2. It's a time proven method.

    In reality, I would hope I could come up with something a little more honest than that. I always felt that two items kept me out of politics - my inability to lie with a straight face, and this tiny little item called a conscience.

    Link to comment

    Dude.

    If i compiled all the comments and made it a premium course from the very first post

    it worths more than a millon dollars

    Link to comment
    Guest Valerie

    Posted

    Find a way people are making $10k a month and sell the method for a $100 commission to 1000 people.

    (works 1x, but potentially could work longer if I could also sell the re-sale method along with it for future commissions)

    (Okay, now I have to ask myself wtf am I not doing this?)

    Link to comment
    Guest November Best of the Web: Thankful for Growth | Firepole Marketing Blog

    Posted

    […] How Would You Make a Million Dollars in One Month? (Kopywriting Kourse) — What would you do if you had to make a million dollars in one month? Neville Medhora provides a few ideas from friends and invites your answer in the comments. If a million sounds too overwhelming, try the earlier posts in the series and think about how you could make an extra $100, $1,000, $10,000, or $100,000. […]
    Link to comment
    Guest Ekwugha Stephen

    Posted

    Thanks for your post,i'm very much interested in it so how will i go about it?i need the money to start up my poultry farm.
    Link to comment
    Guest josephine

    Posted

    Well, first of all... What's a 'NevBox'? I mean, I would think the first half of this item is named after you (duh, right?), and everyone knows what a box looks like, but then again, boxes can also come in a variety of ways, such as your 3-, 6- and 8-sided polygons (aka: triangles, hexagons and octagons) but what is it, really? You'll have to tell me exactly what's in it? Perhaps, I may be ignorant due to the fact that this is my first time reading the most interesting bit of information you've provided (to me, at least). So, I'll plainly apologize to you now and to your readers, some of whom I'll agree when they say that I'm having a brain-fart or that I'm dit-dee-ree-duh! LOL

    Well, if I had to come up with that kind of money within 30 days, I would do it illegally. I mean after all, this is one of my kids you're talking about and what parent wouldn't go above and beyond to get their kid back, right? Now as far as illegally, I certainly wouldn't tell anyone because I'd get caught doing it - duh! LOL

    Link to comment

    Thanks Neville for this amazing exercise..Loved it!!

    i am thinking about the idea, will surely come up with good one and let you know..

    Was wondering how many of you guys are really executing..

    Link to comment

    Tony.

    I'm a lawyer and broker.

    Track me down and let's go into business!

    @techshizzle

    Link to comment
    I'd use my ESP to win at poker. I'm worried about karma; using my powers for personal gain, but in a "Taken" type situation it wouldn't be for personal gain it would be to save lives/a life. Yes, the "what goes around comes around" is completely true. I'm not sure why; fate or whatever, but whenever I use my powers when it's not necessary or just in good fun, things turn to shit. Bad stuff happens. People get hurt in some way; physically sometimes emotionally because of a domino effect I accidentally triggered; after so many times I just sorta quit using them altogether; not even sure if I could stir it back up if I wanted to. Meh, I'm sure I could it's not that complicated. It's just sort of an innate fear of using them now and so I tell myself I can't.
    Link to comment
    Guest Gabrie Figueroa

    Posted

    Yes, but wouldn't you be left with a debt of 1,000,000 dollars to the previous business owner?
    Link to comment
    Guest Chuck G

    Posted

    Hey, I am a high school kid. I am wondering how would I make money without getting a job . I am obviously not allowed to buy real estate or stocks. Got any ideas? I know one of my classmates made a game that makes him 2000 every three weeks. (no ideas like babysitting or dog walking I want a business idea)
    Link to comment
    Guest Nicholas Johnson

    Posted

    Hi Chuck, there are 4 simple ways to make money:

    1. Buy and sell stuff for money.

    2. Make and sell stuff for money.

    3. Provide a service and sell it for money.

    4. Learn a skill and tell people about it for money.

    On top of that you have:

    5. Invest money on the promise of a return. - You need money to get into this.

    From what I understand, Nev started with number 1 (light up and glow), then moved into 3 (copywriting), and then 4 (consultancy).

    I started with 2 (making silly little websites for a company) then gradually moved up to 4 (training and consultancy).

    The key thing is just to start with something. You have to learn to hustle. Buy gum wholesale and sell it at a profit, mow lawns, go house to house, buy antiques at boot sales and sell them at a profit, buy electrical goods on Black friday and sell them at a profit. Buy umbrellas from the 1$ store and sell them when it's raining for $3.

    All of these things will build your persistence, character and confidence in your entrepreneurial ability.

    The thing is, ideas are cheap and plentiful, everyone has ideas, but not everyone has the bloody minded persistence to take them through despite hardship, stress and uncertainty.

    Best of luck with it.

    Link to comment
    Guest Muhammed

    Posted

    I think that I would team up with those friends who are good at creating Android Apps and programming, then I would look up and find out which Apps and games do people like the most, after that we would design a viral App that could stay at the peak of play store for at least 25 days...

    this is the best idea I could think about

    OR

    learn how to hypnotize very rich people and persuade them to transfer 1,000,000 $ to your account ;-) :D

    Link to comment
    Guest Muhammed

    Posted

    please TRUST me, the best thing you could do is to start learning programming for windows or Android, then try to design a VIRAL App like Angry birds, after that you could put an Ad on your App and gain millions!!

    OR

    try to become very good at some science or special skill.

    OR

    try to become famous and well known

    Link to comment
    Guest Nicholas Johnson

    Posted

    That would indeed be a good thing to do. There is a massive shortage of competent programmers. If you get really good at programming you will likely always be rich and successful.

    Don't underestimate the difficulty of creating a viral app though. Angry birds didn't just happen. For every successful app there are hundreds of credible flops that get a few downloads and then disappear forever. That doesn't mean it's not fun to try.

    If you want to go the programming route, you could do worse than starting with web design. Plenty of people need a website, and will happily pay some kid $200 to build it for them. You'll learn about HTML, CSS, maybe Wordpress. It's a good foundation that can lead to bigger things.

    If you're highly skilled and credible, and have a track record, you can easily sell a website for ten to twenty thousand dollars. If you're good enough you can probably build that site in under a month. That's a pretty decent wage.

    It's a long term strategy though.

    Best of luck with it.

    Link to comment
    Guest Pau Ferret

    Posted

    You kidnapped my kid? I will go for crowdfunding.

    I hang his cutest photo, probably in a family scene and a text like "Please help me save my kid!! I have 30 days to get 1million" I'm pretty sure people will help. Although it's not a business but you have your million $.

    Link to comment
    I know this post is old, but I would play the game bigger or better and try to trade 1 to 2 times a day until I got something worth $1,000,000. Then I would sell it.
    Link to comment
    Guest will you do the impossible? | Come on, give me the chills

    Posted

    […] was a while that I read nevblog on how to make 1 Million dollars in 1 month. It was […]
    Link to comment
    Guest Larry

    Posted

    Just saw this. Here's the plan. People who make a living kidnapping are not too smart - retirement comes early. Explain to the thugs that anyone who deposits $1M in a day, or even over a month of days, draws the Fed's serious attention. You can even show them the law that shows banks have to report the deposit. You are going to deliver the funds and do them a favor. Purchase a high-yield, high-risk stock/bond with a $1M payout in, say, 30 years. Show them some market that has consistently made say 12% APR per year. These are difficult to find going forward but easy to find looking backward. Now you have reduced the cost to about $28k (assuming monthly compounding) or about $1k per day - chump change by comparison to the $1M - and the thugs run less risk of getting caught for the next 30 years. Everyone wins - and you can probably find the thugs if they register the stock/bond.
    Link to comment



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