Build Your $1 Million Dollars Business On 12 Month With No Money [2024]

Friends, one crore rupees is a lot of money, right? Everyone wants it today, and you must want it too. Now that the IPL is over, people in India used to make their teams at 7-7:30 pm, hoping to win a crore. Whether you win a crore by making a team or not, no one can say for sure.

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But before we talk about earning a crore, let’s look at some options on how to make it. Option 1: Sell an item worth ten rupees to one million people, which will make one crore. Option 2: Sell an item worth one hundred rupees to one hundred thousand people; this will also make one crore. Option 3: Sell an item worth one thousand rupees to ten thousand people; this will help you reach your target easily.

Build Your $1 Million Dollars Business On 12 Month With No Money

Now comes Option 4: Instead of making one product, create five different products and sell them in small quantities. This way, you can earn your first crore easily. Ryan did something similar when he was just twelve years old. He was fascinated by rich and millionaire people and wanted to become one as soon as possible.

When Ryan asked his father how they could become millionaires, his father replied that if he worked his whole life without spending a single penny, maybe then he would have a million. At that time, Ryan realized that he needed to build businesses and multiple businesses to increase his wealth tenfold.

By the age of 29, Ryan had already become a millionaire with ten million dollars in his bank account. This story should inspire you too. Read the book “Dollar Mansions to One Million” where there are amazing stories of people who will surely inspire you, along with giving us daily motivation.

Stage No 01 : Grind Stage

First comes stage one, called the “grind stage.” Starting a new task can be hard because it takes a lot of effort and thinking. But once the job begins, we get better at it. So, for starting a business, stage one is very important. It goes from first to fourth steps. These steps set the foundation for your business and create a customer base.

Step No 01 : Start With Your Customers

Start with your customer: Most people only focus on making a product when they start a business. They don’t try to find out what the customer wants. This is why 95% of businesses fail. Imagine going to a tailor who makes a suit for you without knowing your size or style. You wouldn’t want it, right? In the same way, in any business, the first thing to do is identify the customer’s problem.

Look at people and observe their daily life problems. Relate those problems to the customer and create a great product. A good example is India’s Ola Cab, founded by Bhavish Aggarwal. One day, he faced a problem when he had to travel miles with his friends just to find a taxi. He thought that many other people must have this problem too. So, he decided to create an app that connects taxi drivers directly with customers and makes everyone’s journey pleasant.

He found his first investor in Anupam Mittal, and the rest is history. Remember to always start with the customer and solve their problems to make your business successful.

Step No 02 : Fund Your Business

The next important step is funding your business. Funds are like fuel for your business. Think of it like this: you’ve built a car, but it won’t move without fuel. To design and run your business, you need funding.

There are four main sources of funding: self-funding, investor funding, crowdfunding, and debt. It’s best to avoid debt if you can. Self-funding and investors can be challenging, but if you have a good plan and management, people will be ready to invest in your ideas.

Step No 03 : Stacking the Deck for Success

Step 3 Stack the deck. After launching your product and getting customers, the next important step is to stack the deck. This means you need to try your best to make your product successful. Before your product launch, you should have a large customer base or an audience that understands your product’s value and is willing to buy it.

For example, Gary Vee started a wine company. He told Ryan that he had given many seminars, podcasts, and delivered free content in his life. This helped people and built a good audience for him. He wondered why not use this opportunity for his business.

Stage No 02 : The Growth Stage

Now we come to stage two, the growth stage. After completing the first three steps of the grind stage, the next part is the growth stage. This lasts from month five to month nine. In this stage, you need to grow your customer reach and achieve a target of 50 sales per day. So, this is the growth stage.

Step No 04 : Grow To 25 Sales A Day

After engaging your customers and launching your product, sometimes your sales might go down. Author Ryan says that during this time, your emotions can be up and down. You might feel on top of the world and sometimes you might feel defeated. In these moments, you need to focus more on your customers and branding.

As time goes by, you will see five products sell in a day, then 10, then 15, and eventually 25. But remember, you can’t earn a lot with just one product. You need to create multiple products. When one product reaches its target, move on to the next one and aim for 25 sales per day. A great example of this is Boat, an Indian headphone company. They entered a market with big players already existing but managed to attract customers with their amazing strategies.

They used famous cricketers for advertising, kept prices low so everyone could afford them, and used e-commerce websites like Amazon and Flipkart effectively. The company started with wireless earphones and gradually expanded their product range. So keep growing your sales and moving on to the next product to achieve success.

Stage No 03 : The Gold Stage

Now we come to stage 3, the “The Gold” stage. After making a product and achieving sales goals, you enter your final stage. This stage, called the “The Gold” stage, happens between the tenth and twelfth months. In this stage, an entrepreneur focuses only on growing their business.

Step No 05 : Build Your Million Dollars Business

After learning about sales and adding three products, it’s time to start the real work. In the following three months, you need to decide if you can attain a target of one million dollars or not. During this time, aim to reach as many individuals as you can with your products and your business.

Use networks like Facebook, Instagram, and YouTube to interact with people who have a lot of following. This way, more people will view your stuff. In this stage, there are three crucial things you need to perform well: critical thinking, inventiveness, and patience.

You also need to educate your clients about your items so they will tell others how fantastic they are. Your adverts should reach places where you can’t go yourself. You should partner with popular celebrities, cricketers, or YouTubers to help your business expand quickly.

To establish a million-dollar business, you must perform these three processes correctly and follow the instructions I’ve mentioned. If you do this in twelve months, more people will recognize your success and you can become financially free in the future years.