You want to become a millionaire,here is the secret formula

[Kong Hey Pakboy]

Obviously people thought of this already and it is not that easy. The first thing we should know is that not all of us have that capital to start selling a million products. If we have then we are already a millionaire. Another thing is that selling that would take time, not the same people would buy it. This is doable, yes but still, it will not be that easy especially if you are just starting.

Indeed. Even you already have the million products on you, you can't assure that you can sell of them in your first day because not everyone want it or can buy it, that is why selling products or making a business takes time for you to become rich or successful in your financial life.  It is the reason why business man uses a marketing strategies to attract consumers to buy their products for them to earn money.

[DoubleEdgeEX]

It´s like that old saying goes: If you want to have 1M , start with 2M.

The basic idea of selling something tiny 1M times sounds nice but is not feasable and imho just triggers false hope in people, leaving them even more broke and desperate when they finally acknowledge that they couldn´t make it. Not say it´s not possible though, but the chances are slim and the level of persistance and energy than drained from you is unbearable for most

[Findingnemo]

It's business marketing.

Imagine if you sell a mask for $1, and you can sell 1k of the mask, how much money you will make.

That is a way to get rich, but I am afraid that it is not easy to apply, since you need to think about the cost to promote, cost to produce the mask, and else. If that can cover all of the costs, then you can sell it for $1.

People won't buy that much easily, you need to hire a model to promote that mask and also need to pay for media for promoting it and it costs a lot as well that is why we need capital to make more money and get richer.And how can someone sell 1 million products in their life time?

Had it been easy the world would have all the millionaires today and nobody would have been poor, but afraid things do not work as OP said it. Just imagine if millions of people just do same thing so how will the masks be sold of every person, cost of labour is not counted, rent of the place, electricity etc quite a lot of expenses is incurred to do it.

Your product will get better price when there is high demand for it, so if everyone is making million masks on their own then it won't have any demand and you need to sell it for free.So being a millionaire could be easy but becoming the one is never reachable for everyone so you need to work as soon as possible then your dream may come true in few decades.

[fiulpro]

Sell 1 million products at $1 a piece
Sell 100000 products at  $10 a piece
Sell 10000 products at $100 a piece
Sell 1000 products at $1000 a piece
Sell 100 products at $10000 a piece
Sell 10 products at $100000 a piece
Sell 1 product at $1000000 a piece

Simple and easy 

Can you guess why it is so hard to make your first million ?

I do not like Jeff Benzos as an individual but I do like a quote that he shared with people.

*When you are making an invention always think how it would change people's life , how would it change their future*

I don't really remember word to word but yes.

_*_

Another one from a rich person was:

*Never invest into something that would loose value in the future*

For example if you invest in a car, you would enjoy it for a while and in the future it would slowly loose its value. But when you actually invest in something like gold/Bitcoins/property then you can enjoy that investment for years to come.

_*_

I do believe what you are saying might be true on the papers but when it come to reality it's really hard to pair up these things like that . There is a difference between the Theory and practical part.

[Sanugarid]

An idea can costs millions if you got the right people in front of you.

Now that you've shared it to us, it is not secret anymore lol. You could have keep that to yourself and share the story on how did you able to do it.

You can sell 1m pieces of your product at $1 each to get a million but how long that would take? a year? 2 years? 5 years? It is easy to think of the way to get rich but it's difficult to do and you should realized how unfair the world is. You could have a single product, proposal, or any idea that would convince Bill Gates to buy it and that's how he started his company. I didn't think the richest man in the world followed your 'secret formula'  

[bearexin]

Dude what are you saying So you don’t need capital to start that your business of selling one million products for $1? Unless the one million products you’re going to be selling are some waste products that you pick from waste, lol. It’s not as easy as you make it seem like man, to be a millionaire requires a lot of hard work. And moreover even if you were given a million products to sell for that amount, have you forgotten you will need to eat and also make other expenses?

Moreover, you are not going to finish selling all that products in a day, it might even take months before you sell them all. For someone to be a millionaire they will have to put in hard work and patience, and yes, sell a good product and as time goes on the Business will be growing, and before you know it, you have a reached a level you never expected.

[acroman08]

Dude what are you saying So you don’t need capital to start that your business of selling one million products for $1? Unless the one million products you’re going to be selling are some waste products that you pick from waste, lol. It’s not as easy as you make it seem like man, to be a millionaire requires a lot of hard work. And moreover even if you were given a million products to sell for that amount, have you forgotten you will need to eat and also make other expenses?

Moreover, you are not going to finish selling all that products in a day, it might even take months before you sell them all. For someone to be a millionaire they will have to put in hard work and patience, and yes, sell a good product and as time goes on the Business will be growing, and before you know it, you have a reached a level you never expected.

you can refer to the post quoted below made by the op to get the idea behind the OP's post. the Idea is simple and easy but the process of it is hard and exhausting and not everyone will succeed from it. also, read the highlighted part of the quoted post below

The more expensive the product the harder it is to sell do to fact not many people have money to buy that product  and it's specialized/custom .... beside trusted sellers
The cheaper the product ,means you have more competition  do to fact you have a easy to make product and  that makes it harder to sell ...

Some people know how to balance this somehow ..that is why they get rich ...

---------------------------------------

I am looking at shops in my city and all day they sit and wait for clients no matter if fast food,cheap clothing,barber shops,cheap food etc ... it's the same ... the only stores that have high volume of customers are supermarkets and malls ... makes no sense as same prices ...why would a customer go for a supermarket if price is the same at corner shop...


You kind of have to find the right product at the right time to sell ...

[deisik]

Can you guess why it is so hard to make your first million ?

What's the whole point?

You could just write about winning a lottery, finding a treasure, becoming an heir to a proverbial Nigerian prince, or something as impossible or improbable. Does it tell us anything about how to actually earn a million? No, because there's no one-size-fits-all approach to becoming wealthy or just well off (read, better than most others)

I didn't think the richest man in the world followed your 'secret formula' 

Cause there's no formula and Bill Gates is not the richest man in the world anymore (even though he had topped the list of the wealthiest men most of the time since 2000)

[Kasabus]

An idea can costs millions if you got the right people in front of you.

Now that you've shared it to us, it is not secret anymore lol. You could have keep that to yourself and share the story on how did you able to do it.

You can sell 1m pieces of your product at $1 each to get a million but how long that would take? a year? 2 years? 5 years? It is easy to think of the way to get rich but it's difficult to do and you should realized how unfair the world is. You could have a single product, proposal, or any idea that would convince Bill Gates to buy it and that's how he started his company. I didn't think the richest man in the world followed your 'secret formula' 

Anyone can make a secret formula on how to become a millionaire and its easy to calculate but the process is hard and will surely take years or even decade to be realized. If you are selling a product, you should sell the best product ever so that all your consumers will be totally interested to buy it.

[samputin]

If you really want to become a millionaire the secret formula is to read and work hard.  I see so many people on here trying to "get rich" via bitcoin, and it's just not going to happen for most of them.  Set up a diversified portfolio and go from there. Read book on how to invest.  Don't just piss in the wind.

Not just work hard but also work smart. I've read something on Facebook that said, "No one gets rich by working from 9-5." It's all about being smart, like how and where you use your time during or even after that 9-5. You have to save and you have to invest, not just to be rich but to be wealthy as well.

[rodskee]

If you really want to become a millionaire the secret formula is to read and work hard.  I see so many people on here trying to "get rich" via bitcoin, and it's just not going to happen for most of them.  Set up a diversified portfolio and go from there. Read book on how to invest.  Don't just piss in the wind.

Not just work hard but also work smart. I've read something on Facebook that said, "No one gets rich by working from 9-5." It's all about being smart, like how and where you use your time during or even after that 9-5. You have to save and you have to invest, not just to be rich but to be wealthy as well.

That's what we called secret formula, if you use your time and money in the right way you
will expect to generate good outcome.
Save and invest while you are working instead of spending your money with things that's not
really needed.
Most of those people who came from poor status started to realize that having a good money management
helps them achieve their goals.
If you want to succeed, you need to start building the foundations of your dream, save then invest
Keep learning and don't stop chasing.
Finding the right venue of investment is tough, but once you track the right place and invest in the
right time, the outcome will be more than sweet.

[abhiseshakana]

Not just work hard but also work smart. I've read something on Facebook that said, "No one gets rich by working from 9-5." It's all about being smart, like how and where you use your time during or even after that 9-5. You have to save and you have to invest, not just to be rich but to be wealthy as well.

If we are not prosperous it means we have plenty of time. We just need to analyze the amount of time we have whether because we are lazy or not taking chances. If we have little time but we are also not prosperous, we may mistake our time for something productive.

In families, communities, and companies where we work, we can determine our role as a burden or an asset depending on the output we produce. So it depends on whether we want to be appreciated or to be discarded. So don't mistake our time.

[FlightyPouch]

Obviously people thought of this already and it is not that easy. The first thing we should know is that not all of us have that capital to start selling a million products. If we have then we are already a millionaire. Another thing is that selling that would take time, not the same people would buy it. This is doable, yes but still, it will not be that easy especially if you are just starting.

Indeed. Even you already have the million products on you, you can't assure that you can sell of them in your first day because not everyone want it or can buy it, that is why selling products or making a business takes time for you to become rich or successful in your financial life.  It is the reason why business man uses a marketing strategies to attract consumers to buy their products for them to earn money.

So true, unless you are that someone that found something new or fresh that could be easily sold. I am saying this in the point where someone is just starting, but if we are in that position where that people have the capital to start with and the knowledge to back it up, I don't think that would be a problem. Another thing is if you patented that item and it is something that is new and would really make investors even invest in it, that would really boost you up.

[bitcoinisbest]

If you really want to become a millionaire the secret formula is to read and work hard.  I see so many people on here trying to "get rich" via bitcoin, and it's just not going to happen for most of them.  Set up a diversified portfolio and go from there. Read book on how to invest.  Don't just piss in the wind.

Not just work hard but also work smart. I've read something on Facebook that said, "No one gets rich by working from 9-5." It's all about being smart, like how and where you use your time during or even after that 9-5. You have to save and you have to invest, not just to be rich but to be wealthy as well.

It’s a mix of both. You need to be smart where you must work hard. This will ensure that your direction is correct, and you give your all the best efforts and energy in the work which will give you the desirable output. Diversification is also the key and managing the money is also important which all if done correctly will help you to become rich in life in coming time.

[finaleshot2016]

Ohh basic math, it's easy to imagine if you will think like that but it's not easy as that, you need to consider different factors on selling a product.

Are you sure that your product will be sold instantly?

Any capitals? For sure there are capitals on making a business.

Is it guaranteed that the product is good?

How many products can you make per year? Can you make millions of those in just 1 year? Absolutely not. It will take a lot of time before you became a millionaire.

[imstillthebest]

its hard to sell products at a high price but its easy to sell products at cheap but you will need to produce more products .  cheap products is equals to cheap capital or cheap production cost , you will only need patience and energy .

there was a random post before that said if you want to be a millionaire sell ice water or ice  , it sounds funny but that can maybe possible because the capital is cheap , only water and ice wrapper .  ice and ice water is indemand on hot countries

[finaleshot2016]

its hard to sell products at a high price but its easy to sell products at cheap but you will need to produce more products .  cheap products is equals to cheap capital or cheap production cost , you will only need patience and energy .

there was a random post before that said if you want to be a millionaire sell ice water or ice  , it sounds funny but that can maybe possible because the capital is cheap , only water and ice wrapper .  ice and ice water is indemand on hot countries

Sounds funny but it works if you have the ability to create a lot of ice water in a short period of time and if you're using a refrigerator that didn't cost you a lot of power consumption. There's nothing wrong with this kind of mindset but if you are really targetting for a huge profit, you should think about the other factors that might affect your business. There's nothing wrong with the idea, but on how to implement it, it will cost you a lot.

[ryap12]

Sell 1 million products at $1 a piece
Sell 100000 products at  $10 a piece
Sell 10000 products at $100 a piece
Sell 1000 products at $1000 a piece
Sell 100 products at $10000 a piece
Sell 10 products at $100000 a piece
Sell 1 product at $1000000 a piece

Simple and easy 

Can you guess why it is so hard to make your first million ?

If so, give us an example of the product which we can sell at $1 each and possible to produce 1 million of it. I know you are just joking but WHAT IF there is really a product we can sell and produce in that way. Selling 1 product for $1M is very easy but may be sold for a very long time. 1 example is a painting.

[spy100]

Sell 1 million products at $1 a piece
Sell 100000 products at  $10 a piece
Sell 10000 products at $100 a piece
Sell 1000 products at $1000 a piece
Sell 100 products at $10000 a piece
Sell 10 products at $100000 a piece
Sell 1 product at $1000000 a piece

Simple and easy 

Can you guess why it is so hard to make your first million ?

If so, give us an example of the product which we can sell at $1 each and possible to produce 1 million of it. I know you are just joking but WHAT IF there is really a product we can sell and produce in that way. Selling 1 product for $1M is very easy but may be sold for a very long time. 1 example is a painting.

1$ products : detergent , soap , candles, jewelry, spices, tea  ,bread ,nails,screws etc ....

[Shohag123]

You must know that it is always easy to say but difficult to do.You can think you will sell this amount of product or you have a plan to sell 1 product in the price of million.But in reality it is very hard even making a product and selling is far away.At first you must have an idea about the product then you must have a investment money and your investment can make you rich or you can be more poor.
And you must have a unique idea about the product and unique method to sell then you can slowly improve your situation and you can expand your business.And 1 product to sell in million -it is like a dream to the newly invester.You have to grow your business more then you can think about it not before 10-15 years.