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NOTABLE! $3,000 to $1,000,000 in 15 months: HOW TO DO IT

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Balkins

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Jun 18, 2016
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Do a really massive project or a couple of massive projects and only hire contractors.

Have the payment terms set up where you get maybe 25% at the beginning, 50% when you’re a quarter of the way through, 25% halfway through, then the final 25% on project completion. Something like that. A big chunk of that should be profit anyway.

This would work in any kind of construction related industry, or where you’re supplying a product in bulk and need to move a lot of it. Let’s say you need barges delivering product - that’s going to cost a lot. But you structure the payments this way and make it happen! You can even include renting the barges in your costs. If you can buy it, rent it, etc, you can use it in your business and include it in a quote / bid / proposal!

You don’t necessarily need to have all the money in the bank before you embark on such an endeavor.

Truth is, the hardest and most complicated businesses make the most money - like the ones I’m describing.

This isn’t a gift shop or retail store! We are thinking bigger.

Nice...like Land-development or Game Programming or Phone Apps ?
 

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thechosen1

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Nice...like Land-development or Game Programming or Phone Apps ?
Those would work. Any project really, but it would have to be something big.

That’s why my first thought is something construction-related... those usually have the biggest numbers.

You can get big numbers by selling high numbers of units but for me, that means taking more than 15 months to build the customer list and all that.

With big projects, you can make it on 1 or 2 deals.

Scale vs. magnitude. Some people are better at scale but I find magnitude simpler. I’m working on learning scale though - lower priced products in higher volume.
 

Antifragile

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Those would work. Any project really, but it would have to be something big.

That’s why my first thought is something construction-related... those usually have the biggest numbers.

You can get big numbers by selling high numbers of units but for me, that means taking more than 15 months to build the customer list and all that.

With big projects, you can make it on 1 or 2 deals.

Scale vs. magnitude. Some people are better at scale but I find magnitude simpler. I’m working on learning scale though - lower priced products in higher volume.
17 year old student with part time effort into a construction gig generating a $1m in 15 months? I don’t see it.
 

thechosen1

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17 year old student with part time effort into a construction gig generating a $1m in 15 months? I don’t see it.
That’s fine.

Ive seen immigrants who don’t even speak English do it.

He and his crew installed very niche parts in the oil and gas and chemical industries.

Their cost would be almost nothing since their customer paid for all the materials. They just provided labor and knowledge.
 

Antifragile

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That’s fine.

Ive seen immigrants who don’t even speak English do it.

He and his crew installed trays on distillation columns and reactors.
Do you mind sharing where and under what circumstances? It sounds like an inspirational story!
 

thechosen1

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Do you mind sharing where and under what circumstances? It sounds like an inspirational story!
I can’t say too much because it would give away my main biz, that is becoming oversaturated already!

But I edited my comment before to give you a rough idea.
 
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sparechange

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Anyone here finish the second season of Undercover billionaire? I haven't followed it after the 3rd episode and liked Moniques idea, seemed very possible to hit $1m
 

Balkins

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Jun 18, 2016
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Those would work. Any project really, but it would have to be something big.

That’s why my first thought is something construction-related... those usually have the biggest numbers.

You can get big numbers by selling high numbers of units but for me, that means taking more than 15 months to build the customer list and all that.

With big projects, you can make it on 1 or 2 deals.

Scale vs. magnitude. Some people are better at scale but I find magnitude simpler. I’m working on learning scale though - lower priced products in higher volume.

You'd have to find something that has leverage potential, Option leverage, Contract to sell something that has high leverage. What about GOV.CONTRACTING?
 

thechosen1

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You'd have to find something that has leverage potential, Option leverage, Contract to sell something that has high leverage. What about GOV.CONTRACTING?
Yes, government contracting would work, they spend tons of money on huge projects. The key is having the skills and manpower to do the projects.
 

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