Does making a million dollars in a year seems to be impossible to you? Can anyone actually make a million dollars in a year? What can you do to make a million dollars in a year?
So many people are wishing to get to that mark of a millionaire but they don’t know what to do and how to do it.
I know you are curious about this topic and you can’t wait to get to the main gist of how you can do it. I ain’t going to waste your time but to take you through multiple steps on how you can make a million dollars a year.
There are various ways to make a million dollars in a year but I am going to share with you 7 proven and smart ways you can achieve that mark.
Starting a business and taking it global can make you a millionaire (even a billionaire) in no time. There are many entrepreneurs who started a business they thought was just something they can do to pay bills and have fun and fortunately for them, they took this business public and became a millionaire within the first year of startup.
Though the risks for making a million dollar in a year are high because most new businesses fail within their first five years. But, you can never tell what might happen if you start. If you want to follow your fear, you won’t start a business and you will be stopping yourself from making that million dollars.
What kind of business should you start?
It all depends on you. Can you start and run a business efficiently? You can choose to become a franchisee with a successful franchise company that you love. Starting a franchise gives you an edge because you know they do give training and supports to their franchisees.
You can also choose to start an online business. Many people have turn millionaires running an online business right from the comfort of their homes. You can decide to give that a second thought.
This is one other way to make a million dollars in a year. Though this depend on how much you make monthly. If you make around $200,000 monthly, you can discipline yourself to saving $100,000 every month and by the tenth month, you are already a millionaire.
If you put this money into an investment account like a mutual fund, it will be more than what you will be expecting.
If you have as low as $20,000 as free money, I will advise that instead of investing that money into stock or bonds, invest that money into real estate. These days, you don’t need money to invest into real estate.
You just have to find a good property, look for investors or a bank that will invest their money up to 80% while you just bring 20%. The tenants end up paying for the property through rent while the house still remains your own.
If the house appreciates in price, you can sell it and end up making 200% return on investment. So many has made money this way and you can give it a try.
You can make a million dollars in a year by becoming a footballer. Footballers get paid huge amount of money on a weekly basis. I am not talking about $2000 weekly; I am talking about $150,000 weekly and even more.
Though this takes time, effort and hard work from your end. You can get lucky and be signed for a large amount of money in pounds by an expensive club. You have to be skilled in football to be seen as an expensive footballer.
YouTube videos has made making millions online so easy by running Adsense account on your videos. If you have a good smart phone or laptop, a plan and an internet connection, you can make millions from YouTube videos.
Ray William Johnson started making comedy videos on YouTube and made $1 million dollar within one year. EvanTube channel makes $1 million annually for their 9-year-old founder and his family.
There are so many stories of people making a million dollars in a year making YouTube videos. If you want to choose the route, try as much as possible to get thousands of subscribers and views. The more people view the advert before your YouTube video, the more money you make.
This is another proven ways people have been using to make more than a million dollars in a year. If you have any special gift that you are passionate about, you can choose to venture into the entertainment industry and rake millions of dollars every year into your bank account.
Just like in football career, you must be extra good because the competition is very high just like football career too. If you get lucky, you can get sign for millions of dollars.
Lastly, one other way to make a million dollars in a year is by starting a blog. If you love writing and have broad knowledge about a subject, you can build a blog around that niche and build a huge audience around it.
There more than 10 ways to make money from blogging which makes it a sure bet that you can hit that million-dollar mark if all factors are in place.
To succeed in blogging, you have to invest in lots of coaching program so you can learn fast and make that money.
There are many other ways to make a million dollars in a year like gambling, inheritance, marrying a rich spouse, robbing the bank and through scam. The reason I did not mention them is because they are not good ways, as money made through these means don’t last.
Research on them and you will see that I am right.
So, there you have it. Go through the list again and pick the one that goes well with you and go out there and make that cash. It is waiting for you!
In this post, I’ll be showing you how to make millions. Becoming a millionaire does not come in a day though. You need to make conscious efforts at creating your own wealth.
A closed mouth is a closed destiny. Make sure you build contacts and network with people that are relevant. Avoid negative people and people whose hobby is to discourage. In the process of building links that matter, you will come across business ideas and investment opportunities you can start and how to go about fulfilling your entrepreneurial dreams.
==> Get Your timing Right
Sometimes a right step becomes wrong when the timing is wrong. For instance, many businesses have off-peak and on-peak periods. A smart investor must be able to predict and exploit these seasons. You should strife to be at the forefront when a new business idea is booming. You should also know what time to expand, downsize, upgrade or diversify your business if you want to make a million dollars.
==> Start Small
You rarely come across a ‘glory’ without a ‘story’. If you must learn through your experience, ensure you start small to reduce the impact of your mistakes. Don’t wait for a success story that comes overnight!
Understand that you will need to be patient. Cultivate a strong, resilient spirit. You may fail a few times, but you would always bounce again if you can look back and correct your mistakes. To become a millionaire, develop a disciplined and saving lifestyle.
==> Do Things differently
You need to break away from traditions. Look out for new ways of improving existing ideas. If you are passionate about what you do, you’ll search for new methods at improving it. Creativity is not all about thinking up new investment ideas, you can decide to do what has already been done differently.
==> Then You become a millionaire!
Phew, You are now a millionaire! Well, you need to continue growing your millions. Don’t forget to also contribute to the development of mankind through your millions.
Hmmm, not a millionaire yet? Well, you need not be discouraged. You will make millions if you set a target that is attainable within a lifetime. By making wise investment decisions using key strategies, you are surely on your way to making a million USD annually.