Sunday, April 19, 2009

What's the Missing Ingredient - Making a Million Dollars

I asked my spouse recently what it was that I don't have to be a millionaire RIGHT NOW?

She said quite quickly, "A MILLION DOLLARS!"

After 5 minutes of laughing I began to think deeper.

History: Money is made by one method only; Someone takes a dollar out of their pocket and gives it to you. Let's breakdown how you would make a million dollars in different ways.
  1. How would you convince 1 person to take a million dollars out of their pocket and give it to you?

  2. How would you convince 10,000 people to take out a $100 and give it to you.

  3. How would you convince 1 million people to take out a dollar and give it to you.

When you look at this list, #3 seems the easiest but in fact they are all just as hard.

I now know it is just as easy to sell a $10,000,000 house as a $100,000. Sometimes the $100,000 house is even more work.

I also know it is not easy to convince one million people to do anything let alone give you a dollar (unless their was a cause behind it).

I think the easiest way for me is to convince about 33,333 to give me $30. Not too hard. All I have to do is find a market that has 33,333 people dying to buy what I have and are willing to pay $30 for it.

In my case, it will be information. Information that I have amassed over years of business and more particularly the rental business. Let's see how it goes. My e-book is half complete and we are coming into the largest rental market in history. I will likely make more money telling people how to rent then actually renting places.

Wish me luck on becoming a millionaire this year.