Invent something which you can have manufactured for pennies and sell them at the dollar store for $1. Assuming that you can have it manufactured for
10 cents and sell at $1 then you have a 90 cent/unit profit. Sell 1.11 million of them and you just made your first $1,000,000 not accounting for
tooling costs which could be around the $50,000 for a plastic injection mold.
edit on 28-6-2012 by LevelHeaded because: added tooling
Get a job that would give you experience in how to run a similar company then quit and start up your own. It doesn't require business school to do
that. Choose the right business That has low overhead and instead of buying equipment you can rent it. You can rent anything. That's how many people
start off. Forget getting bank loans because if things go downhill, you're left with debts and bankruptcy. The trick is to do it without falling into
those traps. Build it up from there. Make it a success and sell out for your big payday.
As a rule it takes at least five years to get a business off the ground.
You have to crawl before you walk.
Basically though, if you have to ask, you don't have your own ideas and wouldn't succeed.
edit on 28-6-2012 by violet because: (no reason
Well 1 million isn't really that much. It doesn't even buy very much anymore. If you can make 3000 per day you'd be a millionaire in 1 year. So
someone show me some way to do that okay???
I've been out of work for a while and I'm almost broke. So I was talking to my friend yesterday and he got me thinking that I should maybe try get
back to work or start a business. Everyone in here knows secrets, so maybe someone an show me some way.
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