How To Make $1 Million Dollars In 1 Month (My Plan)

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Hi everyone, welcome back to another video.

In today's video, I'm going to be breaking down

my rather simple plan to make $1 million

in one month by age 26.

Now I've noticed from looking

through my channel here on YouTube,

there are a ton of videos, but they're all tutorial videos

in order to help you guys get to the point

where I currently am in my business.

With that said, I've never shared my future plans.

So today is going to be a special video.

And I think that brings a lot of value

to the table because you don't typically

find people in online business to this degree

sharing what their future plans are over the next year.

So whether you're new to online business,

or you have some experience with online business,

I think this video will be helpful

in setting your long term goals.

To all of you who are new to the channel.

Welcome to the channel.

My name is Greg and I like to talk

about online entrepreneurship.

And since I've been in this space for so many years,

I'm trying to give back and share helpful resources

to help you guys get to the point where I currently am.

Now before we get into this video,

I need to take a few seconds just

to thank all of you guys who are returning

to this channel and to all of you guys

who have been showing support on these videos.

The likes, the comments, the sharing these videos,

I really do appreciate it and it keeps me motivated

to give you guys more helpful content.

So without further ado, let's start this video

and start unraveling my plan to make $1 million

in one month by age 26.

Now where we need to begin on this

is to go back one step and just explain

how I got to where I am.

So I can show you how I'm going to get where my goal is set.

When I started out on online business over five years ago,

I tried all of the different online businesses out there.

This is everything from Amazon FBA to Dropshipping

to Fiverr services.

If your experience getting started

in online business is anything similar to mine,

you will see that there are a ton of advertisements

pushing you and selling you on different

online business models.

Now probably just like you I had

to try all of these business models

to see what they were really about.

Now over the course of the next few years

from trying all these business models,

I was able to find out which ones

were actually making money,

which ones were realistic business opportunities.

And which ones most importantly were

passive income business models.

Some of the business models that I tried,

they did make money, but they were

so hands on that it wasn't worth the money

that you were making.

Now all in all, from the years of trying

all of these business models,

it really boiled down to the two business models

that I currently do today.

These two business models are print-on-demand

and affiliate marketing.

With that said to any of you who are new

to online business, or if you haven't gotten

into these business models, yet.

This is where all of the other videos

on my channel will come in handy for you.

They're all free tutorials.

There are no paid courses and all the information

that you need to grow your businesses

as big as mine is all on my YouTube channel for free.

So hopefully now we're all on the same page.

But now the question becomes,

how do I plan to turn my print-on-demand business

and my affiliate marketing business

into $1 million in one month by age 26.

This is the part of the video

that I'm excited to share with you.

So let's get right into it.

Over on print-on-demand, you're able

to create multiple accounts.

What I mean by that is you can create

an account on Teespring, you can create

an account on Redbubble, you can create

an account on Merch by Amazon.

These are in my opinion the top three

print-on-demand websites,

although there are a handful of other ones

out there that you could upload designs on as well.

The cool thing about this is

that you can upload these same design

to each one of these businesses,

but all three of those websites, they get their own traffic,

so you're going to get sales separately

on all three of them.

Now, the important takeaway from that,

is that you have three separate businesses

on print-on-demand.

Now coming over to the other side on affiliate marketing.

This is where I've been creating niche

specific affiliate marketing websites.

The beauty of this is that they are very low cost

to get started.

Yes, they do take a lot of hard work

and quite a bit of time for you

to start ranking on Google and making substantial money.

However, you can make as many of these websites as you want.

There's literally no limit,

you can have one, five, 10, 50 different websites

all making money separately every month.

Now although it's definitely possible

to make $1 million in one month just

from the earnings of all these businesses combined.

It might not be realistic, and it's going

to take several more years to build

these businesses up to that point.

Now my plan to make a million dollars

in one month is way more realistic

and is going to happen a lot faster.

Something that's not very common knowledge

in online business, especially

for people getting started in online business

is once you grow your online business,

you can actually sell that online business.

Now this is where it gets good.

Remember how I was explaining on print-on-demand,

you have three separate accounts.

And over on affiliate marketing,

you can have as many different websites as you want.

Well, the beauty of this is that you can sell

any of those individually.

If you choose just to sell one of your accounts

on print-on-demand, you can absolutely do that.

And you keep all of the other ones.

Vice versa on affiliate marketing,

if you choose just to sell one

of your affiliate marketing websites,

you keep all of the others.

You don't have to sell them all as a lot.

So with that being said in a nutshell,

my plan to make $1 million in one month

by age 26 is to sell off one of my businesses.

This is only going to be one of my websites

or one of my print-on-demand accounts

and I'll be able to keep all of the rest

and continue growing them.

However, the question becomes how big do you have

to build up a business in order

to sell it for $1 million.

This brings us to the best part

about selling an online business.

And that is that online businesses

typically sell for 25 to 35 times

their monthly net profit.

Now what that means in layman's terms

is if you're going off the modest number

of this metric of only 25 times

the monthly net profit of a business.

That means that if one of your business

is earning a net profit of $40,000 in one month,

you can expect to sell that business

for a minimum of $1 million.

Now since I've been an online business

for over five years now.

I've been able to put in a lot of hard work

and a lot of time for these businesses to grow.

So I have several different accounts

that are already earning over $40,000 profit per month.

Now if you guys have watched any of the other videos

on this channel, you know that I typically

do not talk about what my business's profit,

but the reason I chose to tell you that is simply

to inspire you or motivate you

and show you that this business model

of print-on-demand and affiliate marketing

is a viable and very profitable business model.

And the cherry on top of that is

that if you choose to sell any of your accounts

down the road, you can make 25 to 35 times

your monthly net profit on any of those individual accounts.

So the last part in this video I think is going

to be helpful and tie all this together.

You may be asking how do you find someone

who's willing to pay a million dollars for your business.

And this is something that I'm going

to be experiencing firsthand in the coming year.

And as you can bet, I'm going to share

this process with you guys on the channel.

However, my plan here is to use marketplace websites

to sell online businesses.

And the reason I plan on using these marketplace websites

is because I've been recommended them

from people who have had success selling

their online businesses in the past.

Now just to give you an idea of one of these websites,

so you can go look through and see other businesses

that are for sale and what they have sold for.

I've never personally used them before

but one of the big websites in this space

is called empireflippers.com

and I know there's a couple other ones out there

that are very similar.

Something that I personally like

about Empire Flippers, grant that I haven't

used them before is that it shows

their total amount of businesses sold.

At the time that I'm recording this video,

they've sold just about $150 million worth of businesses.

Specifically in the last 30 days,

they've sold about $3.6 million worth of online businesses.

This proves to me that people are selling businesses

and people are buying businesses

for big amounts of money on this platform.

So all in all, I hope this video has been helpful,

it has made you think about something differently,

and I hope it's provided value at the end of the day.

This is the first time I've shared

something about my future plans

for my personal online businesses.

So I hope you were able to get

some helpful takeaways from this

and it keeps you inspired to keep growing

and working on your print-on-demand

and affiliate marketing businesses.

As always, if you hit the thumbs up button,

if you comment or share this video,

I really do appreciate it, so thank you.

If you have any questions, let me know down

in the description.

And I'm going to go ahead and link up a full tutorial

for print-on-demand and a full tutorial

for affiliate marketing.

So if you are new to the space,

you can get started the proper way.

All right guys, I hope you enjoyed this one

and I will see you all in the next video.