While there are several tips to become a millionaire, they’re mostly outdated and the hard truth is that you need to have money to make more money.
Things work out really well and fine when you’ve got money. At least some money to begin with. So, if you want to make $30 million dollars, this blog post serves you right.
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And here are some of the methods off the list of the hacks that really work in this century.
How to Make $30 Million Dollars: 9 Very Potent Ideas that Work
House Flipping
The concept of flipping houses is wrapped around buying low and selling high in the real estate industry. So, if you want to make $30 million dollars, house flipping is an answer. Depending on how much money you’ve got in hand to launch into this business, you can make profits anywhere from a few hundred bucks to billions of dollars.
You can buy a property for $5,600 and resell at $6,400 dollars, keeping a profit of $800 dollars. With enough money, you can buy a property at $45 million and resell at $52 million. Keeping a profit of $7 million.
Doing this multiple times can definitely make you over $30 million in profit within the space of 1 year. Plus, the more money you have to launch into this business, the more profit you stand to make with experience.
Online Content Publishing
Publishing content online isn’t something that’s only capable of generating some few hundred or thousand bucks for you. It can generate millions of dollars. Websites like Wikipedia, Quora, and even Stackoverflow are worth millions of dollars. For example, Stackoverflow is worth well over $1.8 billion dollars. And Quora (the giant web forum) is worth more than $2 billion dollars.
Websites like Buzzfeed and HowStuffWorks are worth over $50 million dollars individually. So, yes, things can get really lucrative when you take content publishing online to another level.
Starting an online business like this is one of the ways to make $30 million dollars. Plus, you can start small and scale later when you start generating enough revenue to do that. Content is everything. And there’ll always be the need for more content on the internet.
If you want to start small and alone before generating enough money to grease the content publishing wheel, then you’ll need to exercise a lot of patience and you’ll need to educate yourself. Content publishing for profit isn’t just about writing about random stuff.
You pick a niche, cover it extensively and then move on to the next niche. Mega content publishing businesses online usually cover multiple sub-niches in an ultra broad niche or they go for multiple broad niches with never ending topics to cover.
Book Publishing
Publishing books is profitable if you have the experience. You can start a book publishing company of your own, but I guarantee you it’s going to cost a lot. Anything good and big costs a lot of money.
Starting up a book publishing business or a company will also require your compliance to some policies. You’ve got to be an academic to even begin with. At the end of the day, you’ll be making so much money. You help or aid authors to get their books published and then you’re paid really well for that.
It’s going to be large scale, so you’ll have employees who are editors, authors, librarians, and proofreaders, and book cover designers. It’s a long walk to making $30 million dollars, but it’s doable. It’ll also take time to set up the organization workflow.
Develop Your Social Network
It doesn’t have to be Threads or TikTok. It can be unique and more robust with features no one has thought about just yet. You can make it a combo of YouTube and Twitter.
Okay, Twitter has taken a lot of hits recently. You can make your social network or platform a combo of YouTube and Instagram reels (which is a simulation of TikTok in many ways). The truth is, you can make $30 million dollars and even more money with an app of your own. Now, it’s not free to start or build an app from scratch.
You need to have the resources including an already established brand so that your app gets its first set of ten million users or signups with no problem. There’s also the part of promoting your app if you don’t have a brand name online already – and it’s a lot of money to do this.
Build and Scale a Loan App
People loan money every time. And you can start up a money lender company in a bid to make $30 million dollars. Of course you don’t need as much as $30 million to get started. You can start with $1 million dollars, and keep growing the business until you’re able to hit $30 million. This might take a few years, but it’s possible to make $30 million dollars in profit from an initial business investment of $1 million dollars.
So, you probably know how to loan apps work – you take a loan and then repay with interest. To make profits faster, you only give loans based on monthly timeframes. Not yearly. Which means the maximum time frame for loan repayments should be below 11 months.
Do E-commerce.
In the real world, there’s no limit to how much money you can make with an ecommerce platform or business. The more popular your ecommerce business gets, the more money I’ll generate. And that’s how it works.
If you want to make $30 million dollars, one of the many things you can do is to start an ecommerce business. It’s online, and you don’t need to leave your home. One thing; your ecommerce business has to be organized and scalable.
The more scalable it is, the more you’ll be able to automate the entire service delivery process, automate maintenance and increase your fees. It doesn’t cost tons of money to start an ecommerce business. But it might cost as much money to promote it and drive traffic to it.
Venture into Construction
People build houses every single day. Other than just houses, the world is still developing. There are towns and cities and locations in general where construction activities are ongoing consistently.
In different parts of the world and not just the US, construction is one of the evergreen activities that’ll never fade away. As long as we can’t attain perfect civilization, there’ll always be the need to bring down buildings or structures and erect better ones.
Tapping into this space is one of the ways to make $30 million dollars. You’ll be coming in as a wholesaler in the construction industry – selling construction equipment and raw materials.
Start a Mega Boutique
If you want to make $30 million dollars, then starting a mega boutique, fashion boutique, is one way to make this happen.
You pick the right location for this business and all you’ll need to do afterwards is to keep promoting your products online, and list the boutique on Google My Business for people around the city to find it easily when they’re looking for a shopping center.
Launching a boutique costs a lot of money, and you’ll need some more money to run promotional campaigns offline and online so as to reach more audience, gain more exposure, and make more sales.
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Fashion Brand
To get more brand-oriented and to make more money, you’ll need to manufacture your fashion brand and products instead of selling other company’s products or products by other manufacturers.
Launching a fashion brand is one of the most realistic ways on how to make $30 million dollars in the real world. This business isn’t something you start without a capital or any money at all. You need to have tons of money to spend on launching the brand and marketing it.
There’s gotta be two things involved – the manufacturing, and then the marketing. Both words start with the letter “m“. And so does “money”. You need money to set this in motion. First, you think of a name for your fashion brand and then register the name as a business name.
Following, you set out to manufacture the fashion products, and then you promote these products to reach more people. With enough money, you can start up a warehouse or a boutique dedicated to selling your branded fashion products.
One way to establish a foothold in the global markets with your fashion brand is to beckon heavily on influencer marketing.
How to Make $30 Million Dollars: 9 Very Potent Ideas that Work – Summary
On the final note, if you want to make $30 million dollars, you need to provide some sort of value that should be beyond the affordability of the average Joe but readily available and affordable or value that’s common and global.
Some of the ways to make $30 million dollars include starting a mega boutique, launching your own fashion brand, venturing into the construction industry, starting an ecommerce business, developing a loan app, flipping houses, getting into online publishing, book publishing (hardcopy), and creating a second but better Tiktok.
With these methods you could marathon into billions just by scaling further.
