Want to know how to get a million dollars? There are at least a million ways to win a million dollars. However, for this to happen, you need to come up with an action plan, and implementing that action plan will require effort beyond your comfort level. Let’s break it down into the numbers to put the numbers and effort into perspective.
For a net profit of $1 each, you could earn $1 million ($1,000,000) by selling one million copies electronically on the Internet. If this product costs nothing to produce, license or reproduce, such as an eBook or affiliate fees, you can focus on mass marketing to an audience large enough to sell your product to a million people. People to your product or service. If your conversion rate is 1%, your site should generate 100 million clicks (100,000,000). If 1% of that was in sales, he would have made $1 million. But what if the CTR itself is %1? This means that your site should get 10 billion page views, of which 1% should generate clicks or 100 million clicks. 1 million out of 100 clicks buy your product for $1.
It all sounds great on paper, but generating such traffic will take a lot of effort. Even if we are aiming for 10 billion page views in 10 years, it is still more than 1 billion page views per year, 83,000 page views per month, or more than 2.7 million page views per day. Only big companies like Google and Yahoo can use it, let alone maintain that level of traffic.
You can then adjust the product price to $100 of your net sales profit.
Using the same transformation coefficients: It takes 10,000 sales to generate a net profit of $1 million per $100 per sale. A conversion rate of 1% would require 1 million clicks on your site, or 1% for every 100 million visits. If you want to make a million dollars in 10 years, you can generate 10 million page views per year, 833,000 page views per month, or around 27,000 page views per day. You can do a little more, but you still need highly targeted traffic to reach that number of viewers.
That 1% click-through rate and conversion rate is very conservative. If you have a high-demand product that people need, and you can target your ads properly, you can achieve up to 20% click-through rate and up to 2% conversion rate. Let’s see how that figure turns out at $100 per sale.
Become a millionaire with $100 dollars in sales equals 10,000 sales. That means 500,000 clicks with a 2% conversion rate. With 20% CTR, you only need 2.5 million page views. Over 10 years, this result generates 250,000 page views per year, or 20,833 page views per month. This equates to approximately 694 (eg 700) page views per day.
And! It looks a lot easier! If you can promote your product so that 20 out of 100 people see your ad and lead to a product page, 2 out of 2 people should buy. If you buy a product for 10,000 people at that price, obviously you can make a million dollars.
People still do it online is it easy?
Achieving this requires a lot of patience, perseverance, trial and error, and fine-tuning your online advertising campaigns. Can I get a million dollars right away? Unless you’re starting with some serious start-up capital, you probably won’t. Can you start with zero and make a million dollars when you go bankrupt?
You can spend a few hours a day and earn a lot of money at your local library using a free computer with Internet access. Once you start generating significant returns, you can reinvest them to accelerate your efforts towards reaching your million dollar goal.
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