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A step by step guide to 1 million a year.

MidoMah

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Given that the demand for step by step guides are high, wouldn't it be reasonable - from the spirit of giving value - to post step by step plans for people to follow? If you want to, post a step by step plan on this thread. Following are links to the plans I already found on the fast lane forum.
 
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Argue

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This thread is unnecessary.
 

biophase

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Given that the demand for step by step guides are high, wouldn't it be reasonable - from the spirit of giving value - to post step by step plans for people to follow? If you want to, post a step by step plan on this thread. Following are links to the plans I already found on the fast lane forum.

The spirit of giving value? I thought you were going to post your step by step guide? Giving value is not posting a link to another thread.

Also, most threads are not step by step guide. They may be stories on how someone built something, but you can't just follow those steps and expect the same level of success.
 
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hughjasle

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Real Estate (only one method within RE):

Step 1: Contact the RE guys on this Forum and Read all their posts and understand the field
Step 2: Buy Real Estate That is Cash Flow Positive
Step 3: Master Step 2
Step 4: Do Steps 2&3 over and over
Step 5: Goal Reached

Saas

Step 1: Contact the Saas guys on this Forum and Read all their posts and understand the field
Step 2: Study and pick a niche that can support $1m a year and fills a need as per the suggestions and help of step 1
Step 3: Collect money from future clients to build the software
Step 4: Build the software
Step 5: Sell the services like a mad man
Step 6: Goal reached

Amazon

Step 1: Contact the Amazon guys on this Forum and Read all their posts and understand the field
Step 2: Pick a product that fits the criteria for success based on #1
Step 3: Source the product and get it listed on amazon properly
Step 4: Master steps 2&3
Step 5: Repeat steps 2&3 (this is how you achieve step 4)
Step 6: Goal Reached

Affiliate Marketing

Step 1: Contact the Affiliate guys on this Forum and Read all their posts and understand the field
Step 2: Pick the niche you wish to focus on
Step 3: Begin running paid traffic within your specified niche
Step 4: Master running paid traffic in your niche
Step 5: Goal Reached

Professional Services Business (Medical, Dental, Law, Accounting, Web Design, Etc.)

Step 1: Contact the Professional services guys on this Forum and Read all their posts and understand the field
Step 2: Get required education and requirments to run a sucessful services business in your desired field
Step 3: Begin practicing in your field
Step 4: Become a master in your field
Step 5: If you don't already, own the business by starting your own, buying and growing an existing, etc.
Step 6: If goal isn't reached already, grow the business till it is by providing top notch service and be known for such

Need I go on?
 

Raoul Duke

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Given that the demand for step by step guides are high, wouldn't it be reasonable - from the spirit of giving value - to post step by step plans for people to follow? If you want to, post a step by step plan on this thread. Following are links to the plans I already found on the fast lane forum.


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AllenCrawley

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jon.a

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Change the word "contact" to "identify". Don't go bothering these people.

Real Estate (only one method within RE):

Step 1: Contact the RE guys on this Forum and Read all their posts and understand the field
Step 2: Buy Real Estate That is Cash Flow Positive
Step 3: Master Step 2
Step 4: Do Steps 2&3 over and over
Step 5: Goal Reached

Saas

Step 1: Contact the Saas guys on this Forum and Read all their posts and understand the field
Step 2: Study and pick a niche that can support $1m a year and fills a need as per the suggestions and help of step 1
Step 3: Collect money from future clients to build the software
Step 4: Build the software
Step 5: Sell the services like a mad man
Step 6: Goal reached

Amazon

Step 1: Contact the Amazon guys on this Forum and Read all their posts and understand the field
Step 2: Pick a product that fits the criteria for success based on #1
Step 3: Source the product and get it listed on amazon properly
Step 4: Master steps 2&3
Step 5: Repeat steps 2&3 (this is how you achieve step 4)
Step 6: Goal Reached

Affiliate Marketing

Step 1: Contact the Affiliate guys on this Forum and Read all their posts and understand the field
Step 2: Pick the niche you wish to focus on
Step 3: Begin running paid traffic within your specified niche
Step 4: Master running paid traffic in your niche
Step 5: Goal Reached

Professional Services Business (Medical, Dental, Law, Accounting, Web Design, Etc.)

Step 1: Contact the Professional services guys on this Forum and Read all their posts and understand the field
Step 2: Get required education and requirments to run a sucessful services business in your desired field
Step 3: Begin practicing in your field
Step 4: Become a master in your field
Step 5: If you don't already, own the business by starting your own, buying and growing an existing, etc.
Step 6: If goal isn't reached already, grow the business till it is by providing top notch service and be known for such

Need I go on?
 

SquatchMan

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Easy:

1. Start with 20 million.
2. Invest it in something that returns 5% per year.
3. .05 * 20,000,000 = 1 million per year.
 
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Sam Kennedy

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1. Create something you think is useful
2. Put it in front of people
3. Did people buy it? Go to step 4, otherwise go back to step 1
4. Make it better and/or put it in front of more people
5. Are people paying you 1 million a year? Go to step 6, otherwise go back to step 4
6. Stop dreaming, get started
 

Ika

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1. Create a thread to find the step by step solution.
2. ???
3. Profit


No, but seriously. We don't like step-by-step guides on this forum - because there is none.
Execution is dynamic, not static. It can't really be put into a list - because it changes for every entrepeneur.
Because every entrepeneur is different, has different skills and will thus face different obstacles.

That's why we like progress threads so much - they document the process, but don't try to put it into a repeatable guide.


You are new on this forum. Maybe you did not know this.
The best start is to read the linked thread by MJ.




@ all of the others, keep it easy on him - no need to post more sarcastic answers :)
 
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Scot

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Why sell yourself short? Why not a step by step guide to become a billionaire? I found a really good one actually.

https://www.amazon.com/dp/B00BWQW73E/?tag=tff-amazonparser-20

But you'll need a time machine to the mid 1990's and a couple off doors to turn into desks.


I'm glad I found this thread before it got #landfill because I've never actually seen someone really ask for a step by step guide :rofl:
 

MidoMah

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The spirit of giving value? I thought you were going to post your step by step guide? Giving value is not posting a link to another thread.

Also, most threads are not step by step guide. They may be stories on how someone built something, but you can't just follow those steps and expect the same level of success.
Great idea. Please let me know when you post it...looking forward to reading it.

Here is a step by step guide:

Learn decision making. Then,
1. Read books or articles by as many experts (20) as needed in what you want to succeed in.
2. Devise your own plan.
3. Execute.
Succeeded?
4. Improve your business.
Failed?
4. Improve your plan.
5. Execute again.
Constantly improve your people skills. Constantly improve your personal productivity.

Do your best to always keep money to repeat your execution at least 5 more times. For sure, don't go into debt to start your first businesses. Start lean. Test your minimum viable product before going full in. Test with an advertisement to measure interest in your idea before creating a product.
______________________________________________________________________________________
You should pick some skills and constantly improve them. Examples of such skills are decision making, sales, management, recruitment, marketing, understanding market needs, negotiation, technical skills, communication, creativity and planning.

Habits to include in your life (some people might say that this is a waste of time and you should focus on your business but I disagree):
1. Wake up early.
2. Exercise daily.
3. Congratulate people on important events in their lives.
4. Eat healthy.
5. Sleep 7-9 hours a day. Make your room dark, quite and cold.
6. Meditate daily. Practice a gratitude journal or any other exercise that improve your psychological well being. Check the exercises on google.
7. Read daily. Read books that improve your life. Read mostly non-fiction books about self development, business, people skills, how the world works etc.
8. Save 20% or more of your income. Invest the money you save in an investment of your choice, as long as it has expected yearly return of more than 5%. Never buy on impulse. Read about personal finance. Study how to make spending decisions. Study the best investments for yourself. See if you want to invest and save automatically.
9. Read the news if you think it's helpful. I don't do this but many successful people do. I think it helps them take advantage of the events happening.
10. Try to automate decisions you can automate, like the clothes you wear, the food you eat. Build habits. This is done to save you decision making energy and will power.
 
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