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How to Make $1,000,000 in 90 Days
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Is it possible to make a million dollars in just three months? To find out, we'll use reverse engineering.
We’ll ultimately try to make this goal happen by selling a business for $1,000,000. Businesses can be bought or sold at any time on websites such as Flippa.com. Businesses can sell there at a value equal to 4x their annual profit.
So, in order to sell a business for $1,000,000, we’d need one that’s bringing in $250,000 per year in profit. That’s equal to almost $21,000 profit per month.
Can we come up with a business that brings in 1/10th of $21,000, or $2,100 profit per month? Maybe we can find a service to sell. Next, we’ll just need to copy it nine more times, but with some kind of twist. Then we’ll have 10 businesses making $2,100 per month, or $21,000 altogether. We’ve now earned $1,000,000 in just 90 days.
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