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How to make $1 million dollars in three months

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Re:How to make $1 million dollars in three months

Postby Cy Price on Sun Mar 09, 2008 6:51 am

Sheesh...Have you made the first million yet?

Sell a $997 product to 1000 people.

Or...

Enroll 500 people in your primary business where you receive a commission of at least $1000. ($500,000) (Month 1)

Teach each of these new reps to duplicate your system so that they are enrolling at least 3 new reps per month. In doing so, you should receive a minimum of $400 as a bonus/override. (Month 2)

So, each rep is worth $1200. 1200 x 500 = $600,000

500,000 + 600,000 = $1,100,000 Month 3

All this is assuming that you can convert 20% of your leads from first exposure to sign-up. So, you'll need 2,500 leads in Month 1 (625 targeted leads per week).

If 500 seems daunting, lower the number to 250 but your goal will take 4 months to reach.

Find a partner (in the same business). Leverage their skills against yours and you'll reach the goal.

Post edited by: Cy Price, at: 2008/03/09 08:19
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Re:How to make $1 million dollars in three months

Postby Craig Mattice on Sun Mar 09, 2008 7:07 pm

I've always heard that the second million is much easier than the first. Based on this information, I would suggest skipping the first million! :woohoo:

To get you started you will need to have a professional presence on the Internet. To this end I would suggest NOT trying to learn how to do all of that stuff and use someone else's expertise at a very reasonable price.

Check out Carl Sorensen's website for capture pages, autoresponders, and tracking systems all ready to be set up to your specific needs.

http://www.Ezleadcapture.com

I think you will be as impressed as I am with this professional service and product.

It's a start anyway.

Good luck and keep us informed on your progress.
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Re:How to make $1 million dollars in three months

Postby Cy Price on Sun Mar 09, 2008 7:17 pm

Craig Mattice wrote:
I've always heard that the second million is much easier than the first. Based on this information, I would suggest skipping the first million! :woohoo:



It's easier to make the second million based the experience of making the first.

When you bypass all the mistakes made the first time around, profits will roll in quicker the second time around.

This applies to the first dollar, thousand, ten thousand, etc.

Or....

Leverage someone else's experience of having already accomplished this goal (or at least close to it).

Post edited by: Cy Price, at: 2008/03/09 20:27
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Re:How to make $1 million dollars in three months

Postby Wayne Roth on Mon Mar 10, 2008 12:03 am

That appears to be quite a lofty challenge. I know several people making $300K and $500K per month but that took years to develop.

Most of the people I know had one thing in common. They all managed to open up a new country with an established company.

That usually launched the opening up of several other countries. And with that comes lots and lots of money! Then more countries and more money and so on....you get the picture. One catch, countries take months if not years to open depending on the country.

Good luck.
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Re:How to make $1 million dollars in three months

Postby Tyreek Baskerville on Mon Mar 10, 2008 1:14 am

That was great info on how to make a million in 3 months. I am not good with number crunching. what would be the formula for six months with a 400 per sign up commision and an $100 override. Thanks
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Re:How to make $1 million dollars in three months

Postby Corrisa Malone on Mon Mar 10, 2008 1:30 am

Good luck on your challenge and a challenge it will be!

Hopefully you've got your marketing together and or you're comfy talking to people.

Make a plan and stick to it. But you also must be realistic.

Cy gave you one scenario of what it would take to get the job done. If that's not feasible to you, then you really should make a more doable plan with a time frame that is more in tune with the skills you bring to the table.

Much success to you!

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Re:How to make $1 million dollars in three months

Postby Cy Price on Mon Mar 10, 2008 3:28 am

Tybask wrote:
That was great info on how to make a million in 3 months. I am not good with number crunching. what would be the formula for six months with a 400 per sign up commision and an $100 override. Thanks


...as Ty jumps on the million-dollar train :cheer:

Ty, here's a scenario for you using your numbers.

Month 1: You enroll 250 new reps ($100,000)

Month 2: Your reps from mth 1 must be able to duplicate your system to enroll a minimum of 4 new reps per mth. Each rep is worth $400 ($100,000)

Month 2: You enroll another 125 new reps ($50,000)

Month 3: Your reps from mth1 & mth2 are still enrolling at a rate of 4 new reps per mth ($150,000)

Month 4: same as month 3 ($150,000)

Month 5: same as month 3 ($150,000)

Month 6: same as month 3 ($150,000)

At month 6, you are up to $850,000. If your reps can ramp up their enrollment at month 3 from 4 to 8 enrollments...you'll hit the mark in 6 months. If not, it would take you 7.

Again, assuming you can convert 20% of your leads from first exposure to sign-up, you'll need 1250 highly targeted leads in month 1 (about 313 leads per week).

NOTE: These scenarios make a lot of BIG assumptions. The biggest factor will be duplication and the work of your new reps. If they don't produce, your numbers are shot.


Also, you would need a lot of fishing poles in the water ;)
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Re:How to make $1 million dollars in three months

Postby Adam Holland on Mon Mar 10, 2008 5:30 am

Cy - thanks for running the numbers! With $400 signups and only $100 override, yea.. that looks like a daunting task..

And when you try to be actually realistic, if you DID sponsor that many reps (almost 400 personally) you're probably talking about only 50-100 doing enough CONSISTENT work so they get some good results.. And maybe 20 of those can be your big players..

What if it was $1000 per signup with a $1000 override to unlimited depth?

If you DID sponsor 400 reps, that's $400K... then let's say only 20 of the 400 reps sponsor 20 per month for only 2 months... 20 x 20 x 2 = $800K..

400 + 800 = $1.2 million

... and that's not even counting any overrides from depth... :P
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Re:How to make $1 million dollars in three months

Postby Cy Price on Mon Mar 10, 2008 6:17 am

AdamHolland wrote:

And when you try to be actually realistic, if you DID sponsor that many reps (almost 400 personally) you're probably talking about only 50-100 doing enough CONSISTENT work so they get some good results.. And maybe 20 of those can be your big players..



This is what's important.

If there is no duplication, the numbers are NOT going to rise.

Achieving such a big goal in a short period of time would require mad work at the start. However, once you're able to identity the runners, you're practically home free.

Personally, I think 1 million in 1 year is more realistic. However, you must also be operating a business that pays out well.

In the case of a program that pays $1000 commissions and $1000 overrides....

One would have to enroll 10 new reps per month ($10,000)

Each month, identify 4 runners that can duplicate YOUR SYSTEM of enrolling 10 reps per mth ($40,000)

Each month this repeats...

mth 1 = $10,000
mth 2 = $10,000 + $40,000
mth 3 = $10,000 + $80,000
mth 4 = $10,000 + $120,000
mth 5 = $10,000 + $160,000
mth 6 = $10,000 + $200,000
mth 7 = $10,000 + $240,000
mth 8 = $10,000 + $280,000
mth 9 = $10,000 + $320,000
mth 10 = $10,000 + $360,000
mth 11 = $10,000 + $400,000
mth 12 = $10,000 + $440,000

Total over 12 months = $2,760,000

Assuming you can convert 20% of your leads from first exposure to sign-up, that's only 50 highly targeted leads per month :woohoo:

Do you think you can enroll 10 new reps per month?

Do you think you can lead, train, support, and motivate 44 reps to do the same over an 11 month period?
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Re:How to make $1 million dollars in three months

Postby Christopher Pambos on Mon Mar 10, 2008 7:12 am

Always good to search for that right mentor who has already experienced your situation that you can network with and learn and absorb as much of information and knowledge you can and then implement their techniques and replicate what they have done to reach that goal.
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