5 Steps to Make a Million Dollars Online in Five Years
Before we get into the good stuff, let me start by telling you this: You CAN earn a million dollars.
You may have a little voice inside your head telling you it’s not possible.
…And that’s OK, so do most people.
Well, by the end of this article, we’re going to put that voice of doubt to rest.
Let’s discuss why you should even want to earn a million dollars to begin with.
Is it to buy a mansion?
Travel the world?
…Or is it to never have to worry about working or money again?
The reality is that a million dollars can give you a first class lifestyle for the rest of your life in many countries all over the world…if you invest it right.
At the same time, a million dollars isn’t a lot of money.
I mean, technically it is.
…But it can all be gone very quickly if you’re not careful.
A million dollars can work for you and last a lifetime, or can it all be gone in less than an hour.
…Or even quicker if you do something incredibly crazy.
Ever seen the movie Focus with Will Smith?
Excellent movie and a perfect example of how fast someone can lose a huge amount of money.
So my advice is that you invest it correctly once you have it.
And if you take the advice in this article seriously, you’re very, VERY likely to achieve it.
However, it’ll be your responsibility to find a source that will allow you to invest it for an annual return high enough to live off.
A million dollars can earn you profit for the rest of your life without you ever having to do anything ever again.
And if that doesn’t get you excited, I’m not sure what will.
I’ll show you how to earn the million dollars, but you’ll need to figure out how to make it grow.
Do your research on banks, ROI’s, municipal bonds (the tax free kind), interests rates, annual taxes you’ll need to pay and so on.
You might get a little crazy and leave the country for 5 years so you can lower your costs of living and also pay less annual taxes.
But that’s a whole different article for another day.
You can read The 4 Hour Workweek if you want immediate tips on that subject.
For right now, let’s discuss how to put a million dollars in your bank account.
There’s a reason it’s number one.
Listen to me good when I tell you this…
You will not make a million dollars in 5 years if you’re not disciplined.
You have to do exactly what I tell you, as often as I tell you to do it.
If you try to cheat the system in any way, you will NOT succeed.
You have to be disciplined daily for the next 5 years.
Most people can’t be disciplined for a single day.
But we’re not here to talk about most people, we’re here to talk about YOU.
If you can do it, you’ll reap the rewards,
If you can’t, then you’ll get nothing.
It’s as simple as that.
You have to be willing to give up everything if you’re serious about making a million dollars in 5 years a reality.
And think about it this way…
What won’t you have in 5 years when you achieve the million dollars?
Are you willing to give up everything now in order to have everything you want in 5 years?
That’s the million dollar question, my friend. (Pun intended)
2) Minimalist Mindset
This is the hard part for most people.
You have to be willing to bring all of your expenses down as much as possible.
This means your rent, car payment, cell phone, and so on.
You’ll also need to save as much money as possible in order to take action with step #5 discussed below.
The higher your expenses, the less money you put away.
You also need to be disciplined and SAVE all of your money, especially when it begins to come in quickly with the steps you’ll follow from this article.
What happens when someone whose never had a ton of money all of a sudden begin to see it deposit quickly into their bank account?
They get excited and begin spending it.
If you really want a million dollars, you’re going to have to make the commitment to save every single penny you earn.
You won’t earn a million dollars in a year, but you will in five if you do things right.
A minimalist mindset requires spending the least amount of money possible, no matter how much money is coming in.A minimalist mindset requires spending the least amount of money possible, no matter how much money is coming… Click To Tweet
If you study successful people, you’ll learn how many of them follow this strategy.
When the money begins coming in, they don’t do anything crazy and spend it.
…No no no!
They continue their minimalist lifestyle and continue to GROW their money.
And if you want to experience their same success, you’ll have to follow their same principles.
Again, this will require you to cut back on everything: going out with friends, the amount of money you spend on food and other expenses, and so on.
You’re either willing to do it or not.
But just remember this, you have the ability to do it and you’re the only one who can stop yourself.
It all comes down to how badly you want to make this goal a reality.
3) Digital Product
What you thought you were going to make a million dollars in five years at that job you’re at now?
News flash my friend, the person who’s been there a lot longer than you hasn’t made a million dollars.
…How do you expect to?
So how are we going to put money in your pocket way faster than a job?
You must create a digital product (eBook) and sell it online.
In case you haven’t realized it, the internet gives you access to billions of people.
Let’s do the math a second.
Your goal here is to earn a million dollars, right?
That means all you have to do is get a million people to give you $2.
No, my math isn’t off.
I say $2 instead of $1 because there’s always payment fees when you sell an eBook.
I put money in PayPal’s pocket every time I make a sale with one of my books.
Getting someone to give you $2 doesn’t require a lot of convincing, especially if you offer them value.
However, reaching a million people online is the hard part.
And by hard I don’t mean impossible, I mean it takes longer.
So instead of selling a product so cheap, we’re going to sell it for $10 – $20.
Now, instead of selling a million copies, we only have to sell 50,000 -100,000 copies.
Selling 50,000-100,000 eBooks in 5 years CAN BE DONE.
Again, if you’re discipline and do what I tell you.
Once you’ve created your product, it’s time to sell it.
Read my article below to learn how to create your own eBook.
In order to boost your sales quickly, you’ll want to have affiliates who also sell your book.
Affiliates can easily and quickly begin to put money into your pocket.
It allows you to give people the opportunity to join your affiliate program (free) and offer your book for sale on their blog, website, online store, and so on.
The more people who offer your book for sale, the more exposure it gets, and the more it sells.
One of the secrets to earning money online is duplicating yourself as much as possible.
Therefore, your goal is to spend the next 5 years networking and getting your eBook in the hands of as many people as possible.
You’ll also want to create a blog like mine and jam-pack it with valuable content to not only increase the amount of people who will find you through search engines, but to build an audience and maximize the amount of social shares your content gets.
Affiliate sales + traffic (website visitors) = Faster Sales
If you spend 5 years focused and working hard on this, you’ll profit.
End of story.
The reality is that you’re not going to have to profit a million dollars from your eBook alone.
The purpose of this product is to get enough money in your pocket to be able to take action with step 5 discussed below.
But without selling a product, it’ll be impossible (unless you have money saved) to take action with step 5.
A million dollars in 5 years will only happen if you’re persistent.
Being persistent means taking action every day.
Once your product is complete, you have to work to MAXIMIZE its sales.
How do you do this?
Just like we discussed in Step 3, you’ll contact others bloggers who write content similar to your eBook.
So for example, my eBook Mr. $100 is all about earning $100 per day online.
All I have to do is find and contact people who write articles about making money online.
I’ll make it my job to look for these people every day.
Let me say it again – in order to earn a million dollars, you need to duplicate yourself.
And in order to duplicate yourself, you need to be persistent and find people to sell your book.
The best way to do it is to contact bloggers and email them something like this:
”Hey, I noticed your website has content similar to my eBook. I have an affiliate program that generates 75% commission per sale ($29.25) of my book. Would you be interested in offering it for sale on your website? I’ll send you a free copy so you can read it and decide if it’s a good product to offer your audience.”
It’s that simple.
They’ll either say yes or no.
If they’re ethical bloggers, they’ll actually read your book first before offering it to their readers.
But that’s none of your business.
Your business is to create a quality product that will actually help the people who read it.
Remember that most people don’t want to do the work necessary to create their own eBook.
If you do the work and then offer to sell it on their website, and on top of that offer a juicy commission like mine of $29.25 per sale, they’ll be likely to say yes.
After all, how hard is it to place an eBook on a website where you don’t have to anything else.
People see it, click on it for more information, buy, and generate you 75% commission.
Sure, I only earn a total of $10 ($9.75 to be exact) per affiliate sale.
But what happens if I have 100 affiliates who all sell 1 copy of my book every week?
100 x $9.75 = $975/weekly
That’s $3,900 a month just off affiliate sales!
Making just one sale per week of an eBook is incredibly easy and realistic.
But guess what?
If you want 100 affiliates (or 200, 300, etc.) you’ll need to be persistent and find them.
You then have to contact them with your offer.
And trust me, with the millions of websites on the internet, you’ll find them if you look.
For more ideas like this, check out my eBook Mr. $100.
5) Buy, Fix, and Flip Houses
Would you like to turn $30k into $60k overnight?
People do it all the time.
…Well, people who take action that is.
The system is simple really.
You buy a house that’s needs work (repairs), you hire a handy man to fix it, you turn around and sell it at a profit (flip it).
This doesn’t require you to be a Real Estate expert.
In reality, you barely need to know anything about Real Estate.
However, you do have to take action and do the work.
You have to find a property (house or apartment) that’s up for auction or in foreclosure.
Next, you’ll purchase the property, invest money into it, and sell it at a profit.
You’ll take that profit and do the same thing all over.
This is where that discipline thing we spoke about earlier comes into play.
When you flip a home and receive a profit, it’s time to invest that profit.
…Not go spend $5,000 on a trip to Dubai.
So let’s say you earn a $25,000 profit when you flip your first home.
You do the same thing you were doing before.
You continue a minimalist mindset, you don’t spend any of the money, and you keep moving forward.
You keep investing in properties, fixing them, and flipping them for profit.
You can make more money flipping a home in a day than most people make in a year at their job.
So why doesn’t everyone flip houses?
Well, a couple reasons actually.
- don’t have the discipline to save money
- or they don’t take action and create an additional source of income (digital product)
- or they don’t believe it’s possible
Remember, once you have this system in place and have successfully sold your first property, all you’ll need to do is continue the same process and watch your money grow.
You’ll see how quickly the money begins to increase.
You’ll also begin to wonder what the hell you’ve been doing your whole life instead of investing in properties.
Don’t be so hard on yourself…we all have to learn before we succeed.
And let’s not forget, you’ll still have your eBook earning you money online.
As the years go by and you continue taking action, you’ll see how you get closer and closer to the million dollars.
When it comes to flipping houses, there’s a couple things you’ll need to know and decide at the beginning such as:
- Where should you buy?
- What are the costs of the repairs it needs? (Make sure the repairs are LESS than the potential profit)
- Are you buying in an up and coming neighborhood? (Increasing or decreasing in value?)
- What’s the crime rate like in the area?
All of these things will help you understand how much profit you can potentially make.
None of this is hard to learn at all.
It’s actually pretty simple.
Two great books to get you started are:
- The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties
- Flip: How to Find, Fix, and Sell Houses for Profit
Like I said, you won’t have to become a Real Estate expert to make this work.
However, it’s best to learn the basics (easy to do) before you start.
Important things to remember:
You have to be disciplined with the money and not spend it.
You have to live a minimalist lifestyle.
You have to create and sell a digital product (Ebook)
Your eBook has to have a lot of value (good and useful information)
You need to be persistent and take action every day searching for bloggers to sell your eBook (affiliates)
You know how many people will do this out of everyone who reads this article?
Maybe 1%- 2%.
Success isn’t for everyone.
Not everyone is willing to pay the price.Success isn't for everyone. Not everyone is willing to pay the price. Click To Tweet
5 years might seem like a long time, but when you sit down and think about it…
What else are you going to be doing 5 years from now?…
…The same job you’re doing now?…
…Or are you just going to sit back and hope for the best?…
…Maybe a miracle will happen?
The hell with that!
You want success?
You need to take it.
Whether you believe that 5 years is a long time or not, that time is going to pass by regardless.
The question is, will you be taking action during that time or doing the same thing you usually do?
You want to know why most people fail to make any money online?
They create a product and if they’re not millionaires overnight, they forget all about it.
Listen to me:
This is a business.
You have to treat it like one.
You have to create the product and hustle!
Then once you make a good amount of money, you need to take steps to grow your profits faster.
Anyone who’s serious can make this happen.
It’s a fail-proof strategy as long as you don’t quit.
Flipping houses isn’t something that may and may not work.
It isn’t an idea that I just made up.
It’s something that people do every single day.
Selling an eBook isn’t something that may or may not work.
Millions and millions of eBooks are sold every year online.
Do your research and you’ll find how the annual eBook profits increase year after year.
We now live in a digital world where everything and everyone is online.
Become a success beast the next 5 years and dedicate yourself to making this a reality.
It’s very, VERY possible.
But it’s not possible if you read this article and say:
“Wow, Alex is such a smart and generous guy for sharing this information.”
No no no!
I’m flattered, but what I really want is to put money in your pocket!!!
So take this seriously, get to work, and making it happen.
This isn’t HARD work.
It’ll require your time and focus, but it isn’t going to break your back.
It’s not like you’ll be doing physical work such as construction or landscaping.
Even if you don’t want to take it as far as earning a million dollars, you can still earn great profits following the strategies in this article.
But no one will do it for you.
I’ve given you some great tips and techniques to make this a reality.
And now, the ball is in your court.
You’ll either finish this article in the next 10 seconds and get to work or you’ll go back to doing what you always do and continue getting the same results.
The direction and outcome of your life is in YOUR hands.
…Where are you headed?