2009
Getting a One Million Dollar Idea
Posted by Ryan McLean in Guest PostWouldn’t you like to have one million dollars? I know I would and some day I will.
All you need in order to get one million dollars is to have a million dollar idea. I strongly believe that every single person has a million dollar idea inside them. You might not know what it is yet but it will certainly come to you.
I have personally spent 3 years searching for my very first $1,000,000 idea and I believe that yesterday I found it. I am not going to tell you what it is because then I would be giving away $1,000,000 but I know that this idea is so good that it will make me $1,000,000.
I want to help you guys discover your million dollar idea so you can go and become millionaires. These are the tips I have used which I believe have brought my million dollar idea into my life
1. Focus On Wealth
$1,000,000 is a lot of wealth, and in order to attract that kind of wealth into your life you need to be focusing on wealth. I was talking on instant messenger last night to a fellow blogger. He wanted to ask me for advice but all he talked about was how the economy is going downhill and that is why he is in debt and blah blah blah. The economy is going downhill, yes, but there is still loads of opportunity to have.
My financial situation is continually on the rise despite the economic downturn because I am seeing so many opportunities to make money.
One of the ways I focus on wealth is that I have a check for $100,000 on my roof. It is my goal to make $100,000 this year so I put a check (to me) above my bed so every morning I wake up and see it. I then imagine already having the $100,000 and what I would do with it. I am grateful and I keep this in my mind all day.
Focus on wealth and you will attract wealth
2. Go With Your Gut
Sometimes million dollar ideas will come from planning and working hard at brainstorming, but a lot of the time they will just pop into your head. It is like you get a ‘gut feeling’ about it and you know that it is a good idea.
It helps to go with your gut. Don’t fight it, go with it. Even if you don’t know exactly how it is going to work out embrace the idea and try to see it through to its full potential
3. Keep Learning
Learning is key to success. The last 3 years I have been working online have been more like study for me. If you think about it, people go to university for 3-4 year and earn nothing while they do it. They then come out and get a job paying them $60,000-$100,000 per year. I have been studying for 3 years and it is my turn to now start making some money.
If I wasn’t learning that whole time I would have never been able to have my one million dollar idea. If you continue to learn then you open doors of opportunities for ways you can attract money into your life. So always be learning.
Learn something new everyday
4. Don’t Be Afraid To Drop Ideas
Over the last 3 years I have had a lot of ideas where I have had that ‘gut feeling’. I went with the idea and it turned out to be no good, but by going with that idea it led me to have another idea which was better. Don’t be afraid to drop your old ideas for a new better one. Sometimes each new idea is just a stepping stone to that ultimate $1,000,000 idea. Drop the good for the better.
5. Keep Pushing
Your idea may not come immediately. It took me 3 years to get my idea, it might take you 5. But isn’t $1,000,000 worth waiting 5 years for. Keep pushing, keep thinking, keep being creative and keep going after your dreams. If you refuse to quit then sooner of later you will achieve success.
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I honestly do believe everyone can earn $1,000,000 just from one idea.
I can’t put my own links in the post because it is Jason’s website not my own but click on my name to get a free ebook that I am giving out
Ryan McLean’s last blog post..NicheQ Has Finally Been Launched
I do think it’s funny that you wrote this and was the first to comment on your own post. lol… and shameless promotions lol
Just playing man!
Jay
Jay’s last blog post..Predict The Future And They Will Come – You’ll Make Good Money Too!
Coming up with a million dollar idea can be kind of stressful and hard! The idea may be easy, but getting it patented and put together is another story!
While I admire your go-get-em attitude with this whole “million dollars” quest, I have a different approach. Not once in this post did you mention personal finance. The easiest – literally, easiest – way to make a bunch of money is by starting to invest as early as possible, at regular intervals, in an index-fund type of security. I’ve been reading this blog for awhile, and I imagine the reader base is young (like me) and interested in making money online. My advice – and you can take this for what it’s worth – is to take entrepreneurial risks here and there, but make sure you have a basic understanding of personal finance. My million dollar idea? Compound interest!
The below site is not mine. Heck, I don’t even know the author, but I follow his blog regularly – I can’t tell you how much I’ve learned. Hope this helps everyone.
http://www.getrichslowly.org/blog/2008/04/02/the-extraordinary-power-of-compound-interest/
Managing finances well will always have its good points…but relying on personal finance only to make you extremely wealthy is stupid.
On that page that you recommended it would take you 45 years to get an account with less than $2 million in it. In $45 years $2 million will not be worth what it is now.
With a million dollar idea you can earn $1 million in 2 years and then leave it to accumulate for the next 45 years if you want
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I agree with you. Compound interest is certainly a formulated way to become a millionaire. In high school, my class had a speaker come in to talk about becoming a millionaire. He was in his early 30s and retired, but worked 3 days a week just to manage his pools. He started saving up when he was 19, and before he knew it he was a millionaire.
How? Compound interest and a bank account. His main point was, you can’t just want to have a millionaire dollars. You have to know what you want to do with it. His reason? So he could spend as much time with his family when he was older. His 6 year old son is starting to save up now. His reason? He wants to go to Disney World.
There are plenty of unhappy wealthy people. There are many happy unwealthy people. It’s all about what you want to do.
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this is an amazing example of the law-of-attraction! This is an execellent way to get your million dollar idea!!
Spaz125’s last blog post..My Friend Is Cooling The Globe
I think I want to have a million dollars some day, but here is my issue.
Do I really want $1M or do I just want what I think only $1M will buy? Anyway, I think you are addressing the thought process and how to brainstorm for successful ideas.
It was a good inspirational post.
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I like the fact that you inspire yourself everyday and that’s something we need to keep that “drive” going in us.
I know for a fact that I am going to make 1 million online. I’m young and full of ideas
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The notion of giving up on an idea is so important. Sometimes we get so locked in the idea of pushing through and being too proud to admit when we have a bust that we drive ourselves into the ground. If it’s not going well, sometimes you gotta bite hte bullet and try other ideas you have.
How wonderful and how elusive that one million dollar idea is! You are quite right, one of the tricks is to persevere before success finally comes your way.
It been said many times that making your first million is by far the hardest. Once you get past this feat, you should be on your way to multi-millionaire status
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How true!
I liked your post Ryan. Thinking big and then going with your gut can land you into a situation where you either make it VERY BIG or go home.
Swastik – Splitstack’s last blog post..Send your product sales through the roof!
Making ideas is a good thing. I have like hundred’s of plans jotted down ready to work, but i lack the cash needed :s
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Having a goal (like that cheque you mentioned) is SO much more important than people give it credit for. I for one found myself unable to achieve anything tangeable when I did not have a specific goal to achieve.
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Ryan – you misinterpreted my response to your post.
I am not saying that one should rely solely on personal finance. After all, it’s obvious that you can’t make money without money.
I’m trying to be realistic – how many of your readers are going to come up with a million dollar idea? What if yours doesn’t work? For the large percentage of us that won’t wind up with a million dollars in our bank account before age 30, compound interest is the one thing working in our favor. You said, “With a million dollar idea you can earn $1 million in 2 years and then leave it to accumulate for the next 45 years if you want.”
And if I had a room full of jelly beans, I’d be a happy man.
I was just pointing out to your readers that they shouldn’t focus focus focus on a million dollar idea. The intelligent, calculated entrepreneur knows how to hedge his or her risks – and for many of us, that leverage comes in the form of compound interest.
Best of luck with your million dollar idea. Can’t wait to see it.
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Great post, but man I have at least one million dollar idea a day! I have a notebook full of million dollar ideas, but they’re all worthless unless you take action on them. So really that should be your #1 tip: take action.
Oh and I agree with Alan 100%. Study personal finance. Not only that, but study success and successful people as well. Go to your local bookstore and read some old school (aka paper) books if you don’t already. You don’t even have to buy them you can just sit there and read if you’re frugal like me.
Peace,
Amanda
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Wow, you’ve got to be joking me.
I was going to make the action same comment, except mine would be:
“Yea, I have loads of million dollar ideas, except they’re worth nothing until I take action on them.”
Crazy stuff…
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Awesome Post Buddy! One Day’ll come when I’ll have $1 million with me! I am on a journey to it.
Thanks,
Jyoti
Willingness to give up on one idea and go for the next is more important than people realize. Non-willingness to do so is a main factor in why so many build and keep worthless sites/blogs for 5 yrs and then quit in disgust.
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#1 is important. If you’re thinking small, you’re staying small. If you’re willing to look for the next step and to think in terms of progress, you’ll continue to make progress.
I saw an article in a biz mag by a CEO-type who said he “refused to participate in the recession”. He was focused on finding opportunities instead of crying into his silk tie. I’m willing to bet his company will come out of this recession better than those who are bawling today.
But making 1 million is not very easy for beginners . I have never ever dreamed of earning so much. But I believe that we can earn such money at least once in our life. Any way good post.
Ryan, that’s very interesting. I wish you luck with your $1,000,000. But beyond just the IDEA, what’s also very important is putting the commitment to really do all that’s necessary to make the idea work. Many people have million dollar ideas all the time, but they are not usually committed to the end to implement the idea to generate the million dollars. That’s the big problem. Anyway, thanks for sharing.
Right Now I am creating something I will wake up and look at every day!!
Spaz125’s last blog post..My Right Hand Girl!
agreed with the post. You got to be thinking positively about wealth in order to attract wealth. It might not be always easy for someone who is currently in debt or working 3 shift just to feed the family, but if you keep the mind on the million dollars, your mind will be ready to spot that million dollar idea when opportunity comes knocking..jared
abundance checks’s last blog post..By: Jared
Hey Ryan, you just right on! If there’s a will, there’s a way!
If you allow extraneous matters and fears to pull you down like recession scares, then you’ll fail. But if you are determined to keep going, you will soon reap your reward. There’s no substitute for hard work.
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I need a one million dollar idea. Just tell me half of the idea and it will be worth 500,000 thousand.
Regards, Greg from homebizseo
Of course, it’s important to not get too caught up in pursuing the dollar and remember to embrace the other facets of life too. But making a million is beautiful and something i’m striving for too.
Ryan
Plenty of good points to go around but your point about learning everyday cannot be emphasized enough. Increase your learning as much as possible, especially if it helps to increase your profits, expand your business or enhance your blogging.
-Mig
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Thanks for writing such an inspirational post! I absolutely agree with you. Perseverance and knowledge are the keys to success.
Thanks! You reminded me that it’s time to make money
Good luck to both you and me.
I am from DP btw
zen’s last blog post..5 ways to earn money online
You are talking like you just cashed in on your million dollar idea already.
Maybe you need to write about the real #1 issue – taking action on your ideas. Everyone can come up with awesome ideas in their head, but its another thing to be able to take action and see it all the way through. My million dollar idea is to bet you 1 million that you wont even take action on your idea, 1 month and its vanished in the clouds.
Sometimes, I push myself to hard and it mades me stuck, my brain stop working
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A lot of people don’t quite understand how its so possible to make a million dollars these days. With the Internet the world is aflush with opportunities and its up to the individual to take action. Sometimes you don’t need a new gizmo product or technological idea, but a simple idea that can be duplicated!!! The key concepts are leverage, duplication and automation!!
Good Luck everyone and as one rapper once said ‘Get Rich or die trying’
Love your attitude from the beginning, regarding wanting to have a cool million: “I know I would and some day I will.”
Never get anywhere if you don’t believe and strive! Work it.
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Great Post,
It was the first 100,000 that was the hardest for me to accumulate.
I may have missed it but what was your (first) million dollar idea.
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LOL, I like your optimism in saying everyone can have that one million dollar idea. But I couldn’t even realistically imagine how one could do so, me being impressed by a mere $1,000 idea haha. But good tips, I’ll make sure to break you off a little if I ever make that million.
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those are nice tips.
but i don’t know i can practice them or not.
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These are great tips and I agree with them. Everyone does have a million dollar idea out there and Im sure one day everyone will find it. The key is never to give up and always think positive.
I’ve had a million dollar idea since 2004. There’s still no competition or anything similar to it, but only problem is capital. I do not have the money to get it started. I have nor will I ever tell anyone the idea, but I know one day I will be able to get it started. I have so many ideas, but never the funds to launch it! I enjoy reading your posts, you are very wise and I know you’ll get that $1Mil soon. Take care!
this is awesome.i especially liked the first one.maybe i’ll try
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Maybe you should start giving people tips how to earn million dollars when you will actually have the million dollars in hand?