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Author Topic: You want to become a millionaire,here is the secret formula  (Read 775 times)
mindrust
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August 15, 2020, 01:07:55 PM
 #61

Quote
Sell 1 product at $1000000 a piece
i think this doesnt involved a hard work  . when you have a product worth millions , you can sell it and make million easily  but if you dont end up on a products that doesnt worth much , you need to work hard to earn extra money if your goal is to become a millionaire  or atleast to become a little wealthier  .
more work does not also always lead to more money  . on most countries they can work for a long hours over and still earn small but to other richer countries they can work less hours and be able to earn huge salary  .  also depend on the skill ,  high skill more salary  .

I believe working harder is not enough, hard work must be accompanied by wit.  Smart thinking plus hardworking often produces the maximum profitable result.  There are lots of hardworking employees out there and yet they don't end up being a millionaire.  Those who work hard and outwit their competitors whether it is  a business or an employment always ends on top of the chain.

You either work hard to sell 1million of the $1 products or... you work hard to sell 1 product that's worth $1million.

Either way It is always about working hard.

It is about your skill level too.

Some people are high skilled, they can charge $100/hour for their work. Some people are not that high skilled they work for $5/hour.

To increase your $/h, again you need to work hard. Everything else is gambling.

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spy100 (OP)
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August 15, 2020, 05:58:35 PM
 #62

Selling 1 product for $1m,  Grin that shows that there is no secret formula whatsoever, if it's that easy to always sell one product for $1m I believe majority of the world population will be extremely rich, being a millionaire is easy but maintaining it ain't that easy

If your an artist you can sell a product for 1 mil usd
Example Banksy ...

Shasha80
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August 15, 2020, 06:27:22 PM
 #63

To become a millionaire you don't have to work hard, you have to work smart. So I agree with the formula for selling 1 product for $ 1M
can make you rich. Then the problem is not everyone has the ability to make a product that costs $ 1M. The next problem is not easy to
sell 1 product for $ 1M, it takes good marketing skills to promote expensive products. So the conclusion is not easy to become a millionaire
sometimes it takes luck too.

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August 15, 2020, 09:09:46 PM
 #64

Millionaires, are not lazy if it comes to positive action in resources . they're ready to achieve their goals with their system of their operation.rules and obligation must be follow for you to achieve as a millionaire.
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August 15, 2020, 11:38:07 PM
 #65

Long story short; work harder.

The more you work, the more you make money. It usually doesn't matter what you do in the end as long as your "profit/the amount of work" ratio is a complete disaster. (> you work for free)

Sometimes gambling looks like an easy and attractive way to get rich too but then... "ez come ez go."
Doesnt only particular talks about working harder but also you should also work smarter.Balance things up and this will require lots of trial and errors before getting the right
formula which would suits you.Everything can be different and it vary into each person because things wont work on others which had work for you and same goes for them.
Gambling is never a considerable option or to consider to be millionaire unless if you are lucky bastard then you do have the chance but sooner or later
those amounts will vanished if not handled well.

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Inkdatar
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August 15, 2020, 11:50:10 PM
 #66

By looking at the figure is so easy but if we apply this in real life it's not easy to become millionaire. But our mindset should be aiming to become a millionaire. Actually, there's no secret trick to become rich overnight because it takes a lot of hard work, dedication and also works smart on how you can sell your product. Setting your goals and lifestyle is also the important thing to achieve this to become millionaire.
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August 16, 2020, 04:53:54 AM
 #67

The thing is how can I sell a $1 product to a million customers lol. Unless and until I have one of the best featured-products which has no competition, then I can surely sell it to million people. Hence, there has to be good-will attached with the product and good marketing and management skills are needed to make the product famous.
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August 16, 2020, 07:01:50 AM
 #68

Long story short; work harder.

The more you work, the more you make money. It usually doesn't matter what you do in the end as long as your "profit/the amount of work" ratio is a complete disaster. (> you work for free)

Sometimes gambling looks like an easy and attractive way to get rich too but then... "ez come ez go."
Doesnt only particular talks about working harder but also you should also work smarter.Balance things up and this will require lots of trial and errors before getting the right
formula which would suits you.Everything can be different and it vary into each person because things wont work on others which had work for you and same goes for them.
Gambling is never a considerable option or to consider to be millionaire unless if you are lucky bastard then you do have the chance but sooner or later
those amounts will vanished if not handled well.

Unless you are a complete moron, working hard always beats being smart. Most people have average intelligence.

You know why you are able to sell your work to other people?

Because they are lazy and there simply isn't enough time to learn everything.

You don't need super high intelligence to learn German. (OK German was a bad example, you'll need to be above average :p)  It is possible to learn German from the internet for free. Yet, German teachers can make money from teaching German. It is because they worked hard to learn German.

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Mauser
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August 16, 2020, 09:12:56 AM
 #69


Unless you are a complete moron, working hard always beats being smart. Most people have average intelligence.

You know why you are able to sell your work to other people?

Because they are lazy and there simply isn't enough time to learn everything.

You don't need super high intelligence to learn German. (OK German was a bad example, you'll need to be above average :p)  It is possible to learn German from the internet for free. Yet, German teachers can make money from teaching German. It is because they worked hard to learn German.


Just by working hard you will never become a millionaire. It's not that easy. The day has only 24h, you can't workd 247/ you will need to relax too, otherwise you will just burnout in a few years. The generation after WW2 is a great example, many of these people worked hard their hole life and still most of them didn't become rich. Dont get me wrong, working hard will make sure you have a good life, but it won't get you into the 1%.
Most of the rich people today either were born with wealth or inherited it later on.
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August 16, 2020, 09:38:07 AM
 #70


Unless you are a complete moron, working hard always beats being smart. Most people have average intelligence.

You know why you are able to sell your work to other people?

Because they are lazy and there simply isn't enough time to learn everything.

You don't need super high intelligence to learn German. (OK German was a bad example, you'll need to be above average :p)  It is possible to learn German from the internet for free. Yet, German teachers can make money from teaching German. It is because they worked hard to learn German.


Just by working hard you will never become a millionaire. It's not that easy. The day has only 24h, you can't workd 247/ you will need to relax too, otherwise you will just burnout in a few years. The generation after WW2 is a great example, many of these people worked hard their hole life and still most of them didn't become rich. Dont get me wrong, working hard will make sure you have a good life, but it won't get you into the 1%.
Most of the rich people today either were born with wealth or inherited it later on.
Nice clickbait, OP. Yet, this can be a very interesting conversation. Unfortunately, I am yet to find any "secrets" like you promised. None of the subsequent posters are millionaires themselves so no secrets there either. There are still ways to be a millionaire depending on the society you are from. Being an entrepreneur, taking risk and working is the forumla that everyone knows. There is NO secret about it.

The real secret is that you don't become a millionaire by yourself. Its people and your network that make you a millionaire. A sincere, able-bodies, intelligent, skillful young man with a decent heart can easily become a millionaire if he realizes a few things in time and takes a few right decisions. Yet, most of us are happy, go-lucky idiots at that stage who think that our idealism and hard work is the answer. The answer is making and nurturing connections. Every relation, every connection, every friendship that you make should be made with the view of increasing your net worth. If you connect with the better-off, rich people, you will end up being better.

Yet, most of us spend our times clubbing, drinking and smoking with losers of our own backgrounds. We end up as a bunch of losers self-satisfied in our condition. That, my friend, is the only trap that is stops every young man from becoming a millionaire. That is the real secret. If you are a young, intelligent person in his 20s, make this your mantra. Thank me later. Better still, send me some bitcoin when you are a millionaire.
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August 16, 2020, 09:55:28 AM
 #71

Becoming a millionaire is not hard, but not that easy you said here, even if you sell 1 million products at $1 a piece or choose the other options you will be always need to have some basic money for supplying the products and you must pay tax, bills, storage costs, etc... The first step for become a millionaire or a successful person is always to gather some information. If you ask me the books like 'The instant millionaire' by mark fisher can help you with the first step.

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August 16, 2020, 11:07:04 AM
 #72

Quote
Sell 1 product at $1000000 a piece
i think this doesnt involved a hard work  . when you have a product worth millions , you can sell it and make million easily  but if you dont end up on a products that doesnt worth much , you need to work hard to earn extra money if your goal is to become a millionaire  or atleast to become a little wealthier  .
more work does not also always lead to more money  . on most countries they can work for a long hours over and still earn small but to other richer countries they can work less hours and be able to earn huge salary  .  also depend on the skill ,  high skill more salary  .

I believe working harder is not enough, hard work must be accompanied by wit.  Smart thinking plus hardworking often produces the maximum profitable result.  There are lots of hardworking employees out there and yet they don't end up being a millionaire.  Those who work hard and outwit their competitors whether it is  a business or an employment always ends on top of the chain.

You either work hard to sell 1million of the $1 products or... you work hard to sell 1 product that's worth $1million.

Either way It is always about working hard.

It is about your skill level too.

Some people are high skilled, they can charge $100/hour for their work. Some people are not that high skilled they work for $5/hour.

To increase your $/h, again you need to work hard. Everything else is gambling.

I agree that skill and hard work are some of the keypoints of earning larger salary, but smart thinking can give you better deals whether it is on business or employment.  Besides, being smart enable you to avoid unnecessary expenditures or even enable you to earn on things that you are using in everyday lives.

Just for the sake of no argument, Hard work and talent is the key factor,  and being smart is the shortcuts of being a millionaire.

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August 16, 2020, 12:59:26 PM
 #73

~
Can you guess why it is so hard to make your first million ?
Not a secret though but that formula is applicable when there is an instant surge in the demand of face shields here in our country Cheesy.
Unfortunately most of them are ended up to be a scam.

On top of that, if you want to get 1 Million you need to have at least a million too if you will follow this formula.
Either way, this isn't a secret though but it is true.

Many reasons why it is hard for a people to get its first million. They aren't good at selling, their expenses are more than their income etc.

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August 16, 2020, 01:17:08 PM
 #74

I doubt that, there's no easy money in this world if you don't work on it.
Unless you are born with a famous popularity parents or relatives.
With that, you can live with a happy life even if you don't work for it. Money will just come to you.

Like most of the people said, you should experience downfall, you should start at the bottom before you become successful. Negativities will only bring you down so keep a positive mindset towards your journey and that positivity will push you up. Work hard, full effort, and patience pays off so never stop working on your own success to reach that million.

Don't rush things but keep it cool and easy.


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August 16, 2020, 05:21:22 PM
 #75

Don't forget about the cost of capital unless you sell something without any capital but you won't get the whole cut if you are just commissioning.
There are expenses that you need to consider too. For celebrities, known people, they have their network and they are the ones who can actually sell products easily.
Uuhm, even for those people who are celebrities, I think they still have work to do, because they will be needing money to buy those products before selling them. The only difference with celebrities or influencers is that unlike someone who is not, they will find it easy to market any product they have for sale, because a lot of people (their fans) would be ready to buy it any time.

Can you guess why it is so hard to make your first million ?
Establishing your brand name is the hardest part here. When you are becoming a known personality then you can easily make money than you could imagine about it. I agree selling more products for lesser prices is the first thing we need to do and over the time we can sell few product for higher prices for achieving our targeted money.

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August 16, 2020, 05:39:45 PM
 #76

By looking at the figure is so easy but if we apply this in real life it's not easy to become millionaire. But our mindset should be aiming to become a millionaire. Actually, there's no secret trick to become rich overnight because it takes a lot of hard work, dedication and also works smart on how you can sell your product. Setting your goals and lifestyle is also the important thing to achieve this to become millionaire.

Nothing is easy in this world, all require struggle and sacrifice, especially in the era of free markets with high levels of competition and the waning application of values in the economy. Hedonism has become a lifestyle for the millennial generation due to the easier access to information and technology.

In my personal view, the richer we are, the more we should benefit others. The values taught by my parents since childhood are, that the material is not a goal, but only as a tool, the bigger the material we get, the greater our responsibility towards people and around us. All are based on the take and give law. Regarding nature, we cannot just take and exploit nature without giving it to nature by doing conservation.

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August 16, 2020, 06:26:44 PM
 #77

There is no secret formula how to become millionare. Nothing in this world doesn't come easy and over night, for everything you need to.work very hard and have a bit of luck too. So, don't trust to those who will tell you they have some formulas and receipes, they usualy just try to get money out of your pocket.

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August 16, 2020, 07:09:11 PM
 #78

It is quite funny to thing that if you sell 1 million products for 1 dollars you would be a millionaire, YOU GOT EVEN THAT WRONG. Jesus Christ, people are destined to be poor and work for the rich people. If you sell a product a million times do you really think that you are suddenly a million dollars richer? Hell there is a chance you would end up in debt. You want to know why?

Well, in order to make that product you buy the resources, you work for those resources, you hire people you pay rent for office or shop, you pay taxes and in the end you make probably at best 30 cents from it as profit, so you would need to sell over 3 million of those products to make a million dollar profit. You want to know how you could be in debt? You can't make a million of it, and in order to make it you grow your business, you take out a loan from a bank and you increase your capacity to handle a million products, so even after selling you still owe the bank money.

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August 17, 2020, 11:36:36 AM
 #79

with little capital and very good luck, maybe we can become millionaires or more than we try and how we can get lots of benefits.
in terms of luck factor too
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August 17, 2020, 11:48:04 AM
 #80

What kind of product is worth $1? For sure there's a capital to make it.

There are many competition in the market so whatever product you choose to sell it wont be easy.

Its just shows that it is not easy to become rich. The key to achieve it is by striving and working hard. There's no shortcut unless if you hit a jackpot in a lottery otherwise you need to be skillful, smart and wise.

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