If I had a dollar from every person (client or not) who said to me, “If I could just get one dollar from every person…” (fill in the blank), I’d be almost as rich as those who fantasize about the idea, dream of being.
Sure, it’s a great idea, and there are people (and companies) who have done it.
But can you do it?
How to make a million dollars
Can you actually get one dollar from everyone in your target market?
Well, to start; it’s up to you.
You must be willing to start to get the ball rolling… You are going to have to be willing to do some work (just like those who have done it before)… “But,” you say, he/she, “didn’t have to do any work, and look at what happened to them.”
You’re confusing possible with plausible. While a thing may be possible (as in it actually happened at some time in the past) to think that it is duplicatable may be highly unlikely; for if it were plausible, wouldn’t everyone do it? If you really think that you have a chance of being that lucky, but a lottery ticket and save yourself the grief.
Okay, let’s assume that you’re not looking for free money but you are looking for passive income. Passive income is income that is generated from something that you did in the past that requires little or no maintenance.
Is that plausible? Yes. Many people engage in investments or opportunities requiring work in the beginning that generate recurring income over time.
I’ve had the opportunity to work with some of the biggest selling authors in the world and cash from their continued sales of their books exceed the $1 per person that may seem so illusive to you at this point.
So, if you’re willing and able to write and publish a best-selling book, your chances could be better because you create and market your book in the beginning and if it’s a hit, you earn over the life of the project (as well as possible merchandise tie-ins and maybe even the film rights, etc…).
Besides writing a book, are their other ways to make passive income? You bet; people just like you are doing it every day. For instance you could buy and own a business that you don’t have to work. May be a little spendy at the outset but the continued income could be just what you’re looking for. But if you do this, make sure that you’re the owner, and someone else is doing all the work.
Enterprising creators can create a franchise, phone ap or software, designers (who create an original item that is replicated and they get a piece of the action) as well as inventors.
Rental real estate (where someone else manages the properties and you earn everything over actual expenses), rental stores, in fact rental anything!
Some of the other examples that I’ve seen include ATM machines, vending machines, blogs, e-stores, membership sites, online courses, Laundromats, sell ad space (physical or virtual) and licensing your ideas are just a few more examples of ways you can create continued cash flow off the back end.
Is it possible? Yes.
Is it plausible? Could be, if you stack the deck correctly, you could increase your odds immensely of having a winning hand.
My question to you is:
Are you willing, able and committed to work on this project and follow it through to completion?
Those are the people who I hang out with. These people have done (or are doing) the work necessary to be ready when lightning strikes.
Are you looking for a free ride?
Good luck with that… Really; I hope you are that lucky. 🙂