avatarTheAlex

Summary

An entrepreneur is documenting their journey to make $1 million in 3 months through various business ventures and side hustles, including selling high-value businesses, scamming scammers, creating AI e-Books, running a writing agency, and developing SaaS products.

Abstract

The author has embarked on an ambitious challenge to earn 1 million within a 3-month period. They have developed a comprehensive business plan and have initiated multiple business ventures to achieve this goal. These ventures include a high-stakes business sale where the author aims to earn commissions by facilitating the sale of million-dollar businesses, engaging in side hustles like scamming scammers and selling AI-generated e-Books, scaling a writing agency, and pausing a SaaS development project due to time constraints. Despite the author's efforts and the application of new sales tactics learned from an expensive course, they have encountered difficulties in making sales and have only earned 1,871 in the first 27 days. The author remains determined, seeking to refocus and restart their efforts while inviting feedback from the audience on which business venture holds the highest potential for success.

Opinions

  • The author believes that selling a business worth $1 million is a straightforward path to becoming a millionaire.
  • They acknowledge their lack of experience in high-value sales and are applying new sales tactics from a recent course to improve their chances.
  • The author is open to feedback and engages with their audience for insights on the most promising business venture.
  • Despite the challenges faced, the author is optimistic about their ability to meet the $1 million target within the set timeframe.
  • They are also leveraging their writing skills and online presence, including a newsletter and Medium articles, to document their journey and potentially attract opportunities.

I Tried To Make $1 Million. Here’s What Happened

My Million Dollar Business In 27 Days…

Photo by Austin Distel on Unsplash

I took on the challenge to make $1 million in the next 3 months…

That means $333,333.33 a month, or $11,111.11 per day.

I know it might sound impossible to achieve in 3 months.

But I’m determined to make it possible and have started several businesses in the last 27 days.

Here’s how much I’ve made so far…

When I started, I know it going to be tough, but I believed I could do it.

So, I spent a few days building a Game Plan to reach $1 million in the next 3 months.

Btw, if you’re not familiar with my $1 million 3-month challenge, you can read about it in this article here.

I wrote down everything that came to my mind that helped me become a millionaire.

After creating many million-dollar business plans, I began working on them.

Here’s how much I’ve made from all my $1 million businesses.

$1 Million Biz Sale

What Is the Fastest Way to Make $1 Million Dollars?

It’s Simple…

To make Million sell something worth a million dollars, and you’re a millionaire.

In this business model, all I need to do is sell a $1 million business to make $1 million.

However, the problem is that I don’t have a $1 million business of my own.

So, I’ve decided to help other business owners sell their million-dollar businesses and earn a 5% to 7% commission.

5%–7% of $1 million is $50,000 to $70,000, so all I need to do is sell 10–15 businesses, and I’m done.

But it’s not easy.

I’ve never sold something worth millions before, and my sales skills are sucks.

However, I recently took a $10,000 sales course, so I’m going to apply all the tactics I’ve learned.

After months of reaching out to several businesses, two of them agreed to give me more than 5% if I sell their businesses.

Btw, I found them using business-selling websites like Flippa and EmpireFlipper.

Now all I need is a buyer, someone willing to invest millions so I can earn my 5–7% commission.

Unfortunately, after reaching out to hundreds of big companies, all I’ve received is “Not Interested” or no reply from them.

So far, I’ve made $0 from this, but I’m continuing to work on it.

I have 70 days left, and maybe I will make it.

Hustle List

I’ve also tried several side hustles and made some money, though not as much as my $1 million plan.

Scamming Scammers : I made $1,782 in 5 days with this side hustle.

I publish that article here on medium, but I had to delete that post due to platform policies.

AI eBook : I’ve made $89 by selling AI-generated e-Books, and I’m working on scaling this business.

New Agency : Besides my writing agency that earns me $29,000 per month.

I’ve started a new agency with the goal of reaching $50,000 per month and eventually selling the entire business.

However, in the last 27 days, I haven’t been able to start this business due to other biz.

SaaS : I hired freelancer to develop software for me.

I plan to write an article about my upcoming software business.

In short, the plan is to build software and charge $27 per month for it, then collaborate with online creators to promote it and reach at least $50,000 per month.

My coder is working on it, but the software will take at least 60 days, and I can’t wait that long, so that’s why my SaaS biz is on pause….

These are the various side hustles I’ve attempted in pursuit of my million-dollar goal.

Lastly, all I’ve made in the last 27 days is $1,871…

I know it’s not even 1% of my $1 million challenge…

Right now, I’m focusing on so many things at the same time, which is why I haven’t been able to make it…

My Newsletter, This Challenge, My All Medium Account, My Agency, a lot of things…

That’s why I’m starting everything again, like everything from scratch…

In my next post, I will reveal what I’m going to do…

But before you go, please let me know your opinion in the comments…

What do you think, which of the businesses has the highest chance of making $1 million fast?

I think that getting a commission on selling other people’s businesses is great if I’m able to make sales…

What do you think? Please let me know in the comments below…

If you don’t want to miss the next article on what I’m going to do, then follow TheAlex

Also, follow TheAlex to get notifications whenever I publish articles related to making money online.

Thanks for reading, also check out my other articles too…

Money
Entrepreneurship
Business
Startup
Technology
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