3 answers

How do I make one million dollars within two years?

Asked El Campo, Texas

3 answers

Janet’s Answer

Updated San Jose, California

This is a very lofty goal and part of it depends on being at the right place at the right time with a product that people want. Do your research and come up with a plan, something that will sell in the marketplace. You will probably need seed funding to get your idea in the marketplace and present this to a venture firm. You will need tangible ideas of how to market and what the cost would be. Another avenue is joining a start-up company that will give you options if and when the firm goes public. This will give experience of how a company works. Prepare for long hours.

Janet recommends the following next steps:

  • Review the marketplace for a new idea and/or research a start-up firm that you could join.

Mark’s Answer

Updated Livingston, New Jersey

So the simplest way to make a million dollars is to find a product you can sell for $100 that solves a problem for a large group people and then sell 10,000 of them. Either that or find something that you can sell for $10,000 and then sell 100 of them.

Mark recommends the following next steps:

  • So, probably the easiest way to do this is to find something that either you are really good at or find something that someone else you know is good at and create a course that you sell to teach someone that skill. Now you might not be able to get the $100 per person specifically from selling the course but you can also sell people related items that they need to practice that skill.

Maddie’s Answer

Updated Greensboro, North Carolina

Hi Miguel,

Hard work and perseverance are two keeps to making money. A goal of making one million dollars in two years can be possible with the right idea. I would consider what type of item is missing from the marketplace and how you can create something to satisfy a need. Remember companies like Uber, Facebook, etc. all had to start somewhere and create a product to satisfy a need in the marketplace.