10 Ways to Make $1 Million if You're BROKE

Introduction

• This video aims to break the myth that you need a lot of money to make money.

• There are various ways to make a million dollars with little or zero money down.

"I want to break the myth in this video that you need to go make a million dollars that you need money to make money"

Selling Something for a Million Dollars

• You can sell a product or service for a million dollars.

• Offer to help e-commerce stores increase their conversions and ask for a percentage of the increased revenue.

• Learn the necessary skills and sell your services accordingly.

"You can sell something for a million dollars if you go to an e-commerce store and they're doing a hundred million dollars a year and you say, 'if I can increase your conversion across your entire site, rewrite your emails, redo your landing pages, and I can get you a five percent lift, can I get one percent of that?'... You make a million dollars by selling someone else five to ten million dollars of value"

Borrowing Money for Real Estate

• Borrow money to purchase assets like real estate.

• Put tenants in the property to generate income.

• The tenants' rent payments can cover the loan repayment, allowing you to profit without using your own money.

"You can borrow a million dollars and then buy something and have someone else pay it back. It's fundamentally what real estate is. You borrow money to buy an asset, you put tenants into the asset, they pay off the money that you never had"

Refinancing for More Money

• Refinance a property for a higher value than what you bought it for.

• Negotiate with building owners to buy their property at a significantly lower price than its worth.

• A bank can loan the difference between the purchase price and the appraised value.

• No money needs to be paid out of pocket.

"You refinance something for more than you bought it... You will probably get one of them who's willing to discount their thing for significantly less than its worth, and a bank will loan the difference, and you don't have to put any money down out of pocket"

Selling Contracts and Options

• Get a contract or option to purchase something for less than its worth.

• Then, sell the contract or option to someone else at a higher price.

• This can be done with real estate or other valuable assets.

"You get a contract for something for less than it's worth, and then you sell that contract... You have an option period to flip the house... You go to a real estate investor and say, 'hey, I have a house for nine hundred thousand dollars on sale, right? It's worth a million.' The guy says, 'okay, sure, I'll sign for 900'"

Earning Commissions

• Sell expensive items, such as real estate, and earn a commission.

• Examples include selling skyscrapers or high-end residences.

• The commission can be a significant amount.

"You can sell something that's really expensive and get a commission... If you sell a 20 million residence... the realtor gets five-ish percent of the transaction. That's a million dollars"

Investing Early and Selling Later

• Invest in something early, like a pre-launch product or investment opportunity.

• Later, sell it for a higher price to take advantage of the increased demand.

• This strategy applies to various assets, including NFTs (Non-Fungible Tokens).

"You can find somebody who has an audience, buy whatever they're about to launch early, and then sell it later... Getting in early on those types of things, which is why if you buy into something pre-ipo, it tends to almost always go up"

Selling Units of Products or Services

• Sell multiple units of a product or service to reach a million dollars.

• Calculate the number of units needed to generate the desired revenue.

• Examples include selling a thousand-dollar product to 20 people or an eighty-thousand-dollar product to one person every four weeks.

"You can sell units of stuff... If you wanted to make a million dollars, you've got 52 weeks in a year. About twenty thousand dollars a week is what you gotta make... 20 times 52 is technically a million forty thousand"

"How many different ways can you make 20 grand in a week?... One person every four weeks an eighty-thousand-dollar thing on a weekly basis"

Acquiring Businesses for No Money Down

• Acquire existing businesses without any upfront payment.

• Combine multiple small businesses into one larger entity.

• This strategy can be applied to information businesses or other industries.

"Find somebody who has an audience, buy whatever they're about to launch early, and then sell it later... Getting in early on those types of things, which is why if you buy into something pre-ipo, it tends to almost always go up"

Building a Million Dollar Business

• One way to make a million dollars is to acquire a four million dollar top line business and a million and a half dollar bottom line business.

• The strategy involves taking over a business from someone who no longer wants to run it and offering to pay them the income they would have made from the business for the next two years.

• By combining multiple businesses together, one can quickly own an asset generating a million and a half dollars in profit and four million dollars in top line revenue.

• This can be done without any money out of pocket.

"He makes the three he made more than a million dollars with no money out of pocket."

Becoming an Affiliate Marketer

• Another way to make money is by becoming an affiliate of products you really like.

• Rather than creating your own products, you can promote products from other companies and earn a commission for each sale generated through your referral link.

• It is important to be honest and genuinely recommend the products you are affiliating with.

• By saving people time and effort in finding the best products, you can attract sales and earn money without any initial investment.

"I just recommend you be honest... oh well shoot, he just saved me time and so then I'll go buy from him through his link or whatever."

Exploring Arbitrage Opportunities

• Another way to make money is through arbitrage, which involves taking advantage of different prices between two markets.

• Arbitrage can be applied to physical products or even lending money between two parties.

• For example, if Bitcoin is priced at 19,000 dollars in Japan and 19,100 dollars in the US, one can buy Bitcoin in Japan and sell it in the US for a profit of 100 dollars.

• By identifying and capitalizing on pricing discrepancies, one can make significant income without much initial investment.

"If you're looking for ways to make money, look for arbitrage opportunities because that's where you can make tremendous income."