How To Make Your First Million Dollars - Here's The Plan!

in money •  6 years ago 

Your First Million .png

Want to make a million? Then you need a plan.

To quote George Patton "A good plan executed now is better than a perfect plan executed next week."

I've written this to help you take your first step to earning real money online starting with almost zero investment up front. It’s NOT easy to earn money online, but this method will get you off to a flying start even if you’re flat broke right now!

Here’s my plan.

This income action plan will give you a practical way to put a lot more money in your pocket than you have now... without risking any of the money you currently need, or use, for living expenses.

JUST ABOUT ANYONE CAN DO THIS . . . online, or even OFFLINE.

Brilliant ideas are often quite simple.
We will start off by buying and selling.
I suggest you use eBay to start with because it’s so easy. If you’ve never sold on eBay before simply do a Google search for ‘how to’ information, and set up an account.
You can literally put big money in your pocket starting with just a dollar using this system. Make a start with something low-cost that you own, and sell it.

You could start with an unwanted gift. . .
Or start with selling anything you no longer want.
Start by selling something cheap (you could even sell your
socks!) that you no longer want.

That’s the first step.
It’s not too hard to achieve, is it?

OK. With Step 1 you make a small profit.
Now, take the money you earn and double it.
Just go out and find a bargain - ANY bargain. Purchase an item you are sure to be able to resell for a profit. It doesn’t matter what it is . . . It doesn’t matter if it’s something you personally like or not. You will often find true bargain items at markets or garage sales, or second hand shops.

Be aware that you MUST buy something really cheap, but something that will sell, so you can take the next step, (Step 2) and sell it for twice the price.

The idea is to actually sell it for DOUBLE what you paid for it!
Be sure to list it in the appropriate eBay section.
Another twist to this idea is to buy something cheap in one place, like eBay, and sell it in another place . . . for example (in Australia) on Gumtree.

As I said above, this is really quite easy.

YOU CAN DO THIS!
Only buy things you KNOW you can sell for MUCH more.
Now (for Step 3) repeat this process, and keep repeating it over and over (which is Step 4, 5, 6 etc.)
Here’s the secret to making big money...

Each time you sell, you should DOUBLE your money.

In other words, you buy a one dollar item and sell it for two. You then buy a $2 item and sell it for $4. Then buy a $4 item and sell it for $8...

Try to DOUBLE your money each time.
You will work up to selling more expensive items each sales transaction -- Doing this, it may only take about ten transactions to work up to selling cars.
After that it gets harder, but in theory, after another ten transactions, you would have enough funds to buy and sell real estate, or businesses!

Get this . . .
If you start with only a dollar, and you double it JUST TWENTY TIMES, you’ll have a million dollars in ONLY 20 selling transactions.

If you find this hard to believe, or you haven’t come across this doubling principle before, then do the math for yourself. You'll find that you make one million dollars with ONLY 20 selling transactions!
If you started with $1,000 in spare change, instead of only $1, you could reach the same goal in only 10 SALES!
Maybe you think that doubling your money on each transaction will become too difficult after you move into higher priced items. This is where your mindset comes in. The idea is to have fun with your auctions, but to get serious about making the system work for you.

Aim to work this system regardless, and you’ll find yourself having many GREAT eBay moments!
You may find yourself selling many items for only 50% profit. But that’s still GREAT! And even selling for less profit, the system still works.

Amazingly, if you start counting from $1,000, and make a 50% profit each time you make a sale, you will still hit a million dollars after only about 20 sales!

Name brands always sell better than unknown brands.
I urge you to take a sheet of paper and calculate this through for yourself, so you can see how real and practical this is. And remember, there’s no need to risk ANY of your money to start with.

To use this method risk free, you can start small, with something you d o n 't want, such as an unwanted gift, or whatever you no longer want! Another way to start free is to join http://www.freecycle.org/ and sell something you pick up for free. It really IS possible to start your business from nothing.

The key to making this doubling idea work is to only buy bargains, and only buy things you know you can resell easily.
It’s also good if you can deal in items you know, that are in an area of high demand.
Don't rush into this. It's important to truly buy a bargain.

Be aware that the pace of technology makes items like phones, computers etc. drop in value by the week, so if you purchase these, you need to do a very fast resell before they lose their value.
Technology changes fast, so don’t hold on to items that could become dated too soon.
There are always bargains, no matter if you're dealing in hundred dollar items or thousand dollar items! Make each transaction work to your advantage - but don't be greedy either! All parties should be happy with each deal.

Look for motivated sellers. These are people who just want to offload whatever it is they have, and who aren't really even interested in waiting for a better price!
Have you ever been a motivated seller like this yourself?
You just want out . . . even if you make a loss!
A good way to locate bargains is to track down people who are moving out of town, or overseas. They are often in a hurry to get rid of their stuff, and don’t mind if they sell it cheap.

A good idea is to buy things as a package, but sell them separately for more!
You could buy a bike and sell the helmet separately, for example.
Here are a couple more tips for buying cheap. (As the saying goes “Let the Buyer Beware.”
I figure, if you're a Buyer, you need all the help you can get!)

  1. (This is for buying offline.) If you want to make the Seller a cheaper offer, do so with the cash you're willing to pay IN YOUR HAND, so that the Seller is LOOKING AT THE MONEY at the same time as you make your offer.
    If he SEES the money in your hand, he's more likely to say ‘Yes’ to your offer. (But use wisdom with this. You risk being robbed if you flash your cash indiscriminately!)

  2. If you’re ’bargaining down to a specific amount of money, then always ask the Seller "Is that the best you can do?" before handing over money and sealing the deal. Very often that
    question WILL bring the price down further. You never know unless you ask the question!
    Always remember that what goes around comes around - you may not always want to screw the last dollar out of every deal.

I consider it's more important to have good relationships with people than it is to make good deals every time.
Try to make deals where you get a bargain
and the seller is still happy!

There are millions of people wanting to sell billions of things, so don’t think you can’t work this system just because it’s not in your nature. You don’t need to “take advantage of others” to work this system successfully.
Set aside the money you make each time, so that you have it available for the next step.

Don’t spend the money you make on something you want for your own use, and don’t use it to live on.
Don‘t buy things with high maintenance costs . . . but do sell them! Or better yet, sell the accessories for them.
Do this with spare money that you set aside for the purpose. That way, it's risk free every time.
Of course, you will need to be very wise with each transaction. Don’t drop the ball! But if you do, and you lose your working capital, you can just start again. Not that you want to keep doing that.

Considering how much money you can make with this idea . . . it’s really worth doing!
Some classic cars go up in value. But never rush into things, especially when you have more money
at stake.

This idea for the ongoing doubling of your money is already proven, tried and tested. Several people have written about it besides myself, and at least two of them I know of have used it to make a literal fortune.
The same principles apply to buying and selling at all levels, even though there’s more to consider with big ticket items.

Remember, you can work this doubling system either offline, or online with auction sites like eBay . . . Or both.

Take a moment to plan . . .
YOUR next big profit right now!
You can begin making money starting from NOW without risking a cent! Why not take some action on this 20 steps to a million dollars plan?

Remember the saying:
'If it’s to be, it’s up to me!'

DISCLAIMER
No guarantees are expressed or implied. The reader is fully responsible for his or her own actions.

© 2018, Robert B. Binnion
All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a database and retrieval system or transmitted in any form or any means (electronic, mechanical, photocopying, recording or otherwise) without the prior written permission of the above copyright owner.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @websnack! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You published your First Post
You made your First Vote
You got a First Vote
You made your First Comment

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @websnack! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

SteemitBoard supports the SteemFest⁴ Travel Reimbursement Fund.
Vote for @Steemitboard as a witness to get one more award and increased upvotes!