Who Wants To Make A Million Dollars?

Last updated on October 30th, 2024 at 05:27 pm

What is your million-dollar idea?

I keep notebooks filled with ideas for products and new technology in my quest to create a million-dollar product launch.

My most significant issues are having the time to implement them and knowing which one to work on. I have received some great advice about how to make a million dollars, and I’ve compiled most of them below for you to review.

How do you go about thinking up a million-dollar idea?

1. What isn’t working in your life? What’s annoying?
What do you hear people complain about? Write these things down in a notebook. If you can solve a problem or relieve stress or pain, you are on your way to a million-dollar idea.

2. Interview successful people and find out how they did it.
If you can go to work for someone successful and be mentored by them, it would be even better. People like Brian Tracy mentor people. If you can’t find or don’t know anyone you can speak to or be mentored by, join a Rotary club in your town or a Toastmasters group.

3. Become a regular reader of Trend Watching Dot Com and observe trends.
You must know what’s going on around you so that you can effectively run a successful business and generate ideas for problems to solve.

4. Follow The Dutch Formula.
See How to Build a Multi-Million Dollar Company in 12 Months for details.

5. Keep a notepad handy wherever you are – even in the shower.
Some of your best money-making ideas can happen while you are in the shower; keep an Erasable Shower Note Tablet there to write your ideas down as they come to her.

6. Do what you know best or love best.
Is there something you know better than anyone else and are passionate about? Do you make the best jelly of anyone you know? Do you love growing amazing flowers? Anything you are good at and passionate about (passion is the keyword here) can be turned into a million-dollar enterprise.

7. Give your million-dollar idea the investment it deserves.

Unless you win the lottery, you won’t make a million overnight, so be sure to allow plenty of time for your million-dollar idea to take hold. Often, people quit just before their idea is about to go big.

8. You could visit a qualified financial planner and create a plan to earn a million dollars in several years.
Compounded interest and certain investments have made many people millionaires over time.

Brian Tracy discusses Secrets of Self-Made Millionaire

And in this video, Brian Tracy discusses Increasing Your Income 1000% Formula –

Brian Tracy advises these 8 steps to his 1000% formula –

1. Wake up two hours before going anywhere in the morning.
Read something positive in the first hour, known as the Golden Hour—invest this hour in yourself. If you are in sales, read something uplifting about selling. If you need motivation, read something motivational.

2. List everything you have to do for the day.
Plan your day in advance. This will increase your productivity by 25%

3. Organize your to-do list by priorities. Decide what the first most important, second most important, and so on is. Number them accordingly.

4. Start on your most crucial task single-mindedly
Without interruption, until it is done before moving to the second item, then focus only on that item until it is done, and then move on to the next in this fashion.

5. Listen to audio programs in your car.
Turn your car into a mobile university. A study at USC concluded that if you listen to audio educational programs in your car instead of music, you will have the equivalent of full-time college attendance.

6. Ask yourself two questions after every call or every event

What did I do right in that situation? Write down everything you did correctly.

What would I do differently next time to improve? Write down all your ideas for improvement.

7. Treat everyone you meet
like a million-dollar customer.

8. Go to work on yourself
and strive to be the best person you can be.

What can you do this week that will take you one step closer to your million-dollar dream idea?