Re: You want to become a millionaire,here is the secret formula
Sell 1 million products at $1 a piece
Sell 100000 products at $10 a piece
Sell 10000 products at $100 a piece
Sell 1000 products at $1000 a piece
Sell 100 products at $10000 a piece
Sell 10 products at $100000 a piece
Sell 1 product at $1000000 a piece
Simple and easy
Can you guess why it is so hard to make your first million ?
Ok, let's assume you are selling one of those $100 products. Did you subtract the manufacturing cost and the delivery cost? How are you advertising that product? (Online or pamphlets or Door to Door? ....because all of that has cost too)
Also, remember... if this is your only source of income, then you have to spend most of that on daily expenses and that eat into your profits.
Your strategy is seriously flawed.. A more realistic scenario would be to sell 10 000 products at $1000 and after expenses you might be able to save $100 towards your goal of being a Millionaire.
Also, the money in the Bank will earn interest, so you might achieve that goal quicker if you invest it with Compound interest.
