What is the best way to get $1 million?

 I’ll share with you a technique that is far more powerful and practical than any single answer that people will give you.

I loosely call it backward chain reasoning, and the idea is to start from the end (having a million dollars in your bank account, let’s say) and reason backward.

What has to happen before that?

Perhaps:

“I need to have a business that has yearly sales of $1 million.”

Then:

For that to happen, I need to have a product, a sales force, a target market. And so on.

Or let’s put it more simply this way:

$1 million in bank account
… Small business producing $1M in sales per year
… … Product to sell
… … … Innovation system
… … Staff
… … … Budget to pay them
… … … … Startup capital
… … … Training system
… … Target market
… … … Market research
… … … Business plan
… … Marketing system
… … … Digital marketing system

You get the point.

Another complementary technique is to use high-level math to “play around” so as to activate your imagination and see possibilities.

For example, I’m going to become a billionaire so what do I need to make this happen?

100 licensed business operators selling $1,000 product to 10,000 customers.

100 X $1,000 X 10,000 = $1,000,000,000 in sales

Sure, I have to share the profits with my 100 operators, but hey, that’s not a problem, there’s enough money for everyone!

The above means that EACH operator must attract 10,000 customers per year, so about 28 customers per day.

A product priced at $1,000 might sound expensive, but if it’s a membership site charging $84 per month, it then looks more feasible as that seems to be more value for customers.

(So customers pay $1,000 a year for membership).

Since I would have access, every day, to the sales and marketing systems and dashboards of my operators, I can jump in and help them if needed.

“Whoa! Whoa! Whoa! John! Your sales are down 20% from last week! What’s going on?! Skype me, let’s fix this problem!”

This kind of “big numbers” exercise might seem crazy to ultra-rational people, but in fact, it’s a great way to become mentally flexible and use one’s imagination.

Something that most people don’t do!!

Let’s remember that “the man who thinks that 10 million dollars is a lot of money, is not the kind of man who can make that kind of money.”

What kind of man are you? :)