have

15 Ways To Make One Million Dollars



Sharing buttons:

this is the sunday motivational video

every Sunday we bring you a different

type of video which should improve your

life today we're looking at 15 ways to

make $1,000,000 welcome to a lox calm

the place where future billionaires come

to get inspired

hello ale Xers can you believe it's been

a full week already we hope you've been

following your dreams and putting in the

work the goal with our Sunday videos was

always to motivate and give some inside

knowledge which you can leverage to your

own advantage if you choose to when we

asked you guys what your immediate

financial goal was on Instagram at a

luxe most of you said that it was to

make your first million so that's what

we're doing today making 1 million

dollars sounds like a lot of money if

you've never earned high figures before

it might seem like an obsolete objective

but the truth is 1700 new millionaires

are created each day that's over six

hundred and twenty thousand new

millionaires every year so how do they

do it how come so many people become

millionaires and why can't you do the

same well it's all about positioning and

how valuable you are to the marketplace

if the marketplace thinks you deserve 1

million dollars or more it will in turn

give you that amount in order to make

this video we researched people whom we

know about and have made more than a

million dollars in the last couple of

years who knows maybe one of them will

spark an idea which will be the

beginning of a long journey for you if

you're a new here welcome be sure to

subscribe and follow us on instagram at

Alex with that said here are 15 ways to

make 1 million dollars number one be in

the top 1% of a lucrative profession

shocking right be really good at a job

that pays really well it's super easy to

become a millionaire if you know what

you're doing and your specialized

doctors lawyers and upper management in

the US and Europe earn on average over

one hundred and fifty thousand dollars

per year if you're really good at what

you do and hyper specialize

you can double or even triple that

amount the highest paying job with the

lowest barriers of entry is sales if you

know how to sell you can make a ton of

money no matter where you find yourself

compared to doctors and lawyers the 1%

of sales people earn north of two

hundred and fifty thousand dollars per

year which will have them passed the 1

million dollar mark in just four years

not to mention that selling is an

incredibly valuable skill for all

strategies we discussed throughout this

video we'll make a video on the best

books on selling sometime soon but if

you want to start today we recommend you

pick up the 10x rule by Grant Cardone or

the sales Bible by Jeffrey Gitomer you

can get one of them for free as an

audiobook when you sign up at a lakhs

comm slash free book speaking of books

number two write several books that sell

ok the trap many people fall into is

they think you need to write the next

Harry Potter or Fifty Shades of Grey in

order to get rich from books the

likelihood of you knocking it out of the

park is incredibly low with that said

getting to 1 million dollars from

writing books is a pretty doable job if

you find the right angle and an audience

willing to purchase few people know this

but in order to become a New York Times

bestselling author you only need to sell

around 10,000 books

it can even be as low as five thousand

books if you've been on the list before

if your writing is good just keep

putting out more and more books until

one of them as a hit there are plenty of

examples of people who did it this way

but our favorite by far is Amanda

Hocking you probably have no idea who

she is she's been rejected by almost

every single publisher in the game none

of her novels were given a shot she was

broke but really wanted to go to a

Muppets convention but she needed the

money for gas to drive to the event in

order to make some of the 300 dollars

she needed she self-published her novels

on Kindle one month later she had made

over $20,000 so she added all of her

novels up there 20 months into it she's

made over 2.5 million dollars from books

which were not good enough to be picked

up by a publisher pro tip if you have

Podcast blog a YouTube channel any form

of audience people will want to support

your efforts and are even willing to

preorder your work just to share the

journey with you

number three license a patent or

trademark to a big company another

creative way to add value to the world

is by being an inventor designer or

engineer if you can figure out a way to

solve a problem better than what's out

there already you could be sitting on a

goldmine

a great example of this is Lonnie

Johnson again you probably have no idea

who he is but you've probably heard of

the Super Soaker while toying around pun

intended he created this cool toy but

didn't have the skills to create an

entire company produce market and sell

individual products so he licensed the

technology to a company called Hasbro he

got paid a 3% royalty out of the price

of every unit sold making over 100

million dollars from this deal alone he

now has 80 patents and a net worth of

over 350 million dollars fro tip we know

patents are expensive but there are

certain ways to protect yourself even

without having an internationally issued

patent what you need to do is to

document how your invention works in

extreme details have that in writing and

burned into a CD or USB drive and mail

it in a sealed envelope to yourself when

the envelope arrives back it should

contain the date and stamp of a

government institution never break that

seal if it comes down to it this is your

undeniable proof that you were the first

one to figure this out and rights should

be awarded to you in a patent case or at

least end up in a highly lucrative

settlement number four start a drop

shipping company under your own label

for those of you who have no idea what

drop shipping is it's a very fun and

interesting business model where you

find a supplier someone who can create

package and deliver a product on your

behalf your job is to bring in the sales

here's how it goes let's say you found a

supplier who can package and deliver

weight loss tea from China for $5 per

package you now set up a website where

you can sell that exact Prada

for $20 apiece when the order comes in

you send over the $5 to the supplier

with the details from the order who

takes care of everything and delivers

the item to the buyer on your behalf

yourself keeping the remaining $15

cha-ching profit we didn't choose a

weight loss tee by accident either we've

actually studied and analyzed the

success a young entrepreneur named Greta

Van Rio had in this space she's the one

who started the entire Instagram model

Fitness T phenomenon six months into her

business she was bringing in over half a

million dollars per month if that number

shocks you you might want to read up on

her since she's one of our personal

heroes during new product launches she

made over 1 million dollars in a single

day just to let you know that these

kinds of numbers are possible you know

how Kylie Jenner is almost a billionaire

now she's been using the drop shipping

model as well

she owns 100% of the company and has

only 6 employees all production and

fulfillment is outsourced to a different

company number five start a small

business and keep growing although most

of the ideas mentioned on this list are

super specific the way most people end

up millionaires is by creating a small

business and just growing it we know it

sounds a tad more general but this

comprises the hustler mindset which is

focused on growth starting a new

business is always difficult but the

path is more or less the same no matter

which business you choose it all starts

with solving a problem figuring out how

to get paid and then bringing in people

so you can focus on what is important

for the business to grow everyone has a

few business ideas in their heads it's

just a matter of implementation although

that might sound overwhelming the

process is pretty straightforward and

simple that's why we've created a video

called 15 things to know when starting a

business which you can check out by

clicking in the top right corner if

you're planning on starting your first

business there probably isn't a more

important video to watch than that one

number 6 aggressively save money and put

in index funds for several years you

need to understand the power of the

compound interest and use it to get rich

someone might say it's the most

important mathematical discovery in the

world and by someone we mean Albert

Einstein who numerous times said

compound interest is the eighth wonder

of the world he who understands it earns

it he who doesn't pays it if you

understand money and investment funds

you know that a 7% annual return is

easily doable now it's a matter of just

how much money you can save traditional

strategies go like this if you're able

to save 10 percent of your yearly income

and let's say you earn $50,000 per year

it will take you 40 years to get a

million dollars saved but who wants to

be a millionaire when they're old that's

not the a luxe way but it gets a lot

more interesting if you're able to play

around with those numbers you should try

to increase all three most important

variables one the amount of money you

earn two the amount of money you're able

to put aside and three the return on

your investment well the first to depend

on your own choices the third one on the

other hand is pretty straightforward for

example the first thing we should do is

take the money out of a 7% mutual fund

and put it in an index fund like the S&P

500 for those of you new to this the S&P

500 is a fund made out of the top 500

companies in the US if a company is not

performing well it gets taken out and

replaced by a new worthy company for the

past 90 years the S&P 500 generated an

average of 10%

yearly returns although we're not

sponsored by them we would recommend you

look into Vanguard and Robin Hood and if

you're not the entrepreneurial type

meaning you're not sure how to create a

multi-million dollar company by selling

products or services there is this

really great book by Tony Robbins called

money master the game which we cannot

recommend enough it's the book we gift

our friends on how to get rich in the

safest way possible you can even get the

audiobook for free if you sign up at

Alex calm slash free book number seven

do an ICO for the past couple of years

crypto has been the wild wild west of

money the amount of people who get

really rich really fast on crypto has

been astonishing to us for those not

familiar with the crypto terminology

initial coin offerings also known as AI

cos are an alternative form of

crowdfunding where a company issues

tokens at a discounted price so they can

use the early funding to create a

digital service which will run on said

tokens if the product is successful your

initial tokens could skyrocket and value

based on the demand for them we would

not actually recommend investing in

other people's icos unless you know them

to be trustworthy and have a solid team

behind them instead create your own

blockchain based company and seek

private investors to back it up only

after the product has gained some

traction you should be ready for your

own ICO where you open it up to the

public as early investors every single

type of financial related service is

getting disrupted by blockchain your

goal is to find out where you fit into

the cluster of new services no matter

what your stance on Bitcoin or a theory

em is blockchain is here to stay and we

would actually recommend you start

teaching yourself more and more about

the industry if you want to make some

sense of it in the future

number eight purchase a franchise and

make it really successful if you're not

the creative type a franchise is a

simple and lucrative way to get yourself

into business because somebody else has

already optimized it for you you just

need to make sure things keep on moving

the way they should a franchise for

those of you don't know is a company

that creates a lucrative business with

an already established brand that's made

out of simplified systems which can be

duplicated over and over again think

McDonald's or Starbucks so how does this

work you reach out to the company with

the aim of buying a franchise there are

two types of costs you need to know

about a standard franchise fee and a

percentage of the business you're

generating in exchange for this money

the company provides all the tools you

need to get the business up and running

you can find profitable franchises

starting as low as

$10,000 but depending on what you're

looking for

there are obviously more expensive

options for example a Dunkin Donuts

franchise fee is between 40,000 and

90,000 dollars depending on location but

that's not all

the company requires you to have at

least 250,000 dollars in liquid assets

just to make sure you can keep the thing

running it's up to you to find the right

franchise for your geography and budget

number 9 create a subscription service

where 1,000 people pay eighty three

dollars per month okay it's time we

introduced you a Luxor's to what's

called millionaire math which means in

how many ways can you get to 1 million

dollars in one year off the top of our

heads

considering subscription services you

have five thousand people pay you $17

per month for 12 months two thousand

people pay you $42 per month for 12

months 1,000 people pay you eighty three

dollars per month for 12 months 500

people pay you 167 dollars per month for

12 months or 300 people pay you two

hundred and seventy eight dollars per

month for 12 months you get the idea

all of these will get you to the

seven-figure promised land that's why

everybody is doing subscription services

these days and you've seen the

popularity of the likes of Netflix tidal

and Apple music increase just to put

things into perspective as of 2018

Netflix has 125 million subscribed users

to its service with a minimum of $7.99

per month in 2017 they did over 11

billion dollars in revenue it's always

shocking to us to see how many people

never do the math on these things once

you realized the kind of numbers you

need to be making it's a pretty

straightforward game to play it's all

about finding a service people are

willing to pay and stick around for

number 10 work for someone who's a

multimillionaire

or even better work for someone who's a

billionaire the quickest way to making

your first million dollars is to work

directly for someone who's made a

billion dollars rich people value time

above everything else

and they really value people who are

able to save them time the best way to

do this is to find someone who's

incredibly wealthy and help them either

save time or make money either way

you'll find that their generosity is

directly proportional to the value you

bring into their life now before you

take a shot at this it's important to

know that you should already have a

trust-based relationship with that

wealthy individual the last thing you

want to do and we cannot stress this

enough is to spam the hell out of people

with how you have this idea which will

change the world

believe it or not even we get at least

100 emails like this every month which

we never reply to when most people think

of multimillionaires

they usually envision entrepreneurs

starting companies but the truth is

roughly one in five millionaires work

for someone else and that's how they got

rich if you think about it you're more

likely to become a millionaire by

working for a wealthy individual than by

becoming a millionaire by starting your

own business if this is your plan we

recommend you find yourself a mentor

these people are open to helping you

grow they provide guidance and

opportunities which you wouldn't have

access to otherwise if they trust you

enough they'll bring you into their

organizations and make sure you're taken

care of if you want to learn how to find

a mentor and the advantages having one

will bring into your life then click in

the top right corner because we have got

you covered number eleven go viral on

YouTube who would have thought that

going viral on YouTube could make you a

millionaire this all changed in the last

couple of years it obviously depends on

the type of video if it's advertiser

friendly and who is watching the video

but a ballpark figure would be somewhere

between 500 million and a billion views

for example Gangnam style alone made psy

over eight million dollars it's not all

YouTube advertising alone but the

exposure got him plenty of extra

opportunities and psy is still cashing

in big believe it or not that video is

still making him decent money today

you also have large creators leveraging

their YouTube fame in order to create

additional revenue sources like the Paul

brothers do with their merch lines

or how Jeffrey star did with his makeup

line YouTube is the new TV which is why

we're here our selves number 12 have a

blog that gets over 41 million views per

month

speaking of advertising having a popular

blog can still make you a

multimillionaire when we started out

Alex calm was focused on publishing

articles on luxury topics and we still

get a lot of visitors to those articles

one of the people we've been following

closely in this space was Scott DeLong

the creator of viral Nova for those of

you who don't know the website he's been

at the forefront of viral articles

distributed through Facebook

very similar to what BuzzFeed used to do

and to be honest

still does he started viral Nova in 2014

and sold it one and a half years later

for reportedly 100 million dollars

during November and December he was

already generating over 1 million

dollars per month from advertising

revenues alone out of everything we

mentioned on this list getting over 40

million readers per month on your blog

is probably the most difficult one to do

unless you're able to do what Scott did

and ride a new wave which people hadn't

figured out yet

number 13 make an app that a million

people use there's still a ton of money

to be made with apps if you know what

you're doing and can actually offer a

valuable service

the problem with apps is that unless the

user feels the need to return to the app

on a frequent basis you've already lost

the app ecosystem has evolved in the

past couple of years from candy crush

making almost 1 million dollars per day

at their peak to the meditation app calm

which just recently was valued at 250

million dollars to now fortnight passing

1 billion dollars in just three months

through in-app purchases the secret to

most apps has been the ability to bring

in additional revenue within the app

depending on how much revenue you can

extract from every single user the road

to the first million dollars can be a

lot shorter than expected if the

customers find value in what you're

offering if you really want to score big

with apps there's a book which we could

recommend called how to build a billion

dollar app by the guy who created

and II crush in which they break down

how to conceptualize and scale this kind

of project you'll find a link to the

book in the description or get the

audiobook for free when you sign up at a

luxe comm slash free book number 14 get

over 100,000 twitch subscribers

live-streaming is going mainstream and

some might even say it already has you

have the likes of ninja who are

spearheading this movement generating

between 500,000 and 1 million dollars

every month from streaming alone for

those of you who have no idea what we're

talking about twitch is a platform which

allows users to broadcast themselves in

real time this type of technology has

been quickly adopted by gamers who

broadcast themselves playing video games

all good so how do they make money there

are multiple revenue streams here the

main one being paid subscriptions there

are different tiers of subscribers on

Twitch for 99 999 and $24 this amount

being split between the streamer and the

platform in addition to the paid

subscription viewers can donate money

directly to the streamer in order to

show support and then there's the good

old finding a big sponsor who's paying a

streamer to endorse their product like

the type of deal that ninja has made

with redbull if a ballpark figure to

shoot for is 100,000 paid subscribers

but you can get to a million dollars

with less than 50000 if they're generous

enough number 15 buy flipped repeat this

is a fundamental rule of hustling and

one of the most common ways to make some

more money this is what commerce was

built on and it's capitalism in its

purest form find something you can

purchase at one price then sell it for

more to someone who's willing to pay a

premium for it this by flip repeat

strategy has taken many forms throughout

the years and we are always excited to

see it evolve depending on how the

culture is changing our favorite story

is the one revolving around 16 year old

Benjamin kicks who's making over 1

million dollars per year reselling

sneakers sneaker culture is big and

people are willing to pay good money to

get their hands on anything that's

exclusive like how people are paying

$500 for bricks that have the supreme

logo on them but anyways back to been in

the sneaker space

everyone knows been business is booming

he started out when his mom bought him a

pair of sneakers which he sold to a

classmate for almost double what he paid

for then he went ahead and started

buying more a few months passed by and

celebrities are looking to get their

hands on a type of sneakers that this

kid has so they reach out next thing you

know he's selling sneakers to DJ Khaled

French Montana future and more the most

expensive pair of sneakers he sold was

twenty thousand dollars and now he has

an entire operation for reselling

sneakers

people also do this in different markets

buying fixing flipping cars houses

antiques you name it it's all about

understanding how much some people are

willing to pay for something and getting

it for less than that now a lectures

were curious to know what are you doing

right now to get your first million

dollars let us know in the comments and

we'll try to provide you some feedback

now we know this has been a really long

video so for those of you who are still

with us

here's your bonus number sixteen come up

with such an original crazy idea that it

might just work if those ideas

previously mentioned are pretty

straightforward

this time we're encouraging you guys to

look way outside the box and let your

creativity free who knows what might

come out

there's this guy who made fifteen

million dollars selling rocks as pets to

people another who made 1 million

dollars by selling pixels on his website

for 1 million dollars

each this woman became a

multimillionaire by selling sunglasses

for dogs and these guys will send a

message on a potato on your behalf the

world is filled with crazy stories and

we hope this list sparked an idea inside

of you if you've watched up to this

point and you're already on your journey

to becoming a millionaire please write

first million in the common

below and will wish you luck it's always

great to see how many of you are

watching these videos all the way to the

end thank you for spending some time

with us a Luxor's make sure to LIKE and

subscribe so you never miss another

video

we also hand-picked these videos which

we recommend you watch next thank you

for being an a lexer and we'll see you

back tomorrow

[Music]