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Jun 10, 2019 22:19:46

How do I make a million dollars? (2)

by @jasonleow | 327 words | 349🔥 | 387💌

Jason Leow

Current day streak: 349🔥
Total posts: 387💌
Total words: 187610 (750 pages 📄)

I talked about the "why" yesterday, behind asking "How do I make a million dollars?" It isn't just about money. It's about a writing/thinking experiment to dream bigger. Much much bigger. In fact, to call it an experiment is undercutting it. This is a how-to question, to be carried out later after there's a plan. More like a planning exercise. A crazy one at that!  

So how exactly do I make $1,000,000?  But before that, I wanted to define it a little tighter, but it still has to fit the audaciously crazy criteria: How do I make $1,000,000 in 12 months, as a company of one? OK, company of one can mean I still sometimes hire contractors to work for me. I added this because I dislike managing, and I don't want to promote or grow myself out of the job I love doing (which is to create).

How do I make $1,000,000 in 12 months, as a company of one?

To be honest, I'm not sure if I'm even asking the right question. This number in the question is definitely just a signpost, an output, to a larger outcome or goal. If a million is not the goal, then what's a better way to ask that question? How do we reframe that million-dollar question?

Some questions about the question, to start off, to reflect on:

  1. Gut check: Is it just about greed/money, honestly?
  2. How do I provide value to the world that's equivalent to a million dollars? 
  3. How do I serve a million people who'll pay me $1 each? Or 1000 true fans who would pay me $1000 each?
  4. What am I potentially world-class at, or have a chance at making something that's world-class at something?
  5. How do I leverage the scalability of technology to get there, as a company of one?
  6. How do I scale beyond the bottleneck that's me, beyond my own time and my own skills?

A good checklist to mull over. I'll share more in time to come.

From Jason Leow's collection:

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  • 1

    @jasonleow - Another GEM!!! Bookmarked.

    Keni avatar Keni | Aug 13, 2019 11:27:59
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    @jasonleow I'm so learning here right now

    Seun Oyebode avatar Seun Oyebode | Jun 10, 2019 19:25:40
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      @seunoyebode cool! I was writing for myself, and didn't think it will help anyone else. What did you find useful?

      Jason Leow avatar Jason Leow | Jun 11, 2019 20:10:26
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    @jasonleow the question "how do I make a million dollars" focuses on you. If your goal is to get someone or multiple "someones" to contribute to your goal, you need to find out what THEY want. What they are willing to pay you for.

    Mike Byrnes avatar Mike Byrnes | Jun 10, 2019 11:49:30
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      @mikebyrnes yes, exactly! That's why I was asking is there a better way to ask that question. I was going to expand on the same point to about serving a million people. Yeah people don't care what I want or need. But they will pay me if I solve something for them that they feel worth paying for. The issue is always finding that something.

      Jason Leow avatar Jason Leow | Jun 11, 2019 20:13:26
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