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Aug 14, 2019 09:38:45

Re: How do I make a million dollars? (2)

by @keni PATRON | 295 words | 315🔥 | 319💌

Keni

Current day streak: 315🔥
Total posts: 319💌
Total words: 79408 (317 pages 📄)

Just discovered an old post by Jason... I wanted to attempt to answer..

1. Gut check: Is it just about greed/money, honestly?

No it is not!! I have goals that require money to execute. But I would like to believe that it is not just about getting more money.

2. How do I provide value to the world that's equivalent to a million dollars?

This is a tough one. I have a few random skills but I have life/misc experiences that can yield something useful.
I am certain that the Fear Hacking Journal idea if executed properly can be a million dollar business.

3. How do I serve a million people who'll pay me $1 each? Or 1000 true fans who would pay me $1000 each?

I think $1000 is outrageous. I don't want to pursue that.
$10-$40 is probably the sweet spot for something that gives value on a consistent basis. Like a gym membership.
 

4. What am I potentially world-class at, or have a chance at making something that's world-class at something?

World-class? I have nothing that I could say is world class.
Maybe I need to be working on being world-class at something
.

5. How do I leverage the scalability of technology to get there, as a company of one?

Building a community like 200 words a day around the fear hacking journal is something that can be done by leveraging technology.  

6. How do I scale beyond the bottleneck that's me, beyond my own time and my own skills?

Based on my past performance, I tend to leverage outsourcing and hiring experts in things I do not have skills in.  

Automation is also another thing that I know can help with time and efficiency when it comes to scaling.

Replies

Comments

  • 1

    @keni maybe one day you might become world class and create something that people are willing to pay $1000 for. That number might sound like a lot for a consumer app, but people pay that amount everyday for other things, like training courses, rent, a vacation. Try this calculation exercise that Sir Abe and me tried. I believe in you! ;)

    Jason Leow avatar Jason Leow | Aug 14, 2019 21:48:48
    • 1

      @keni @jasonleow

      and coffee !

      Abe avatar Abe | Aug 14, 2019 16:10:48
    • 1

      @keni @jasonleow Agreed don't set the bar low for yourself and the value you will provide.

      Brandon Wilson avatar Brandon Wilson | Aug 14, 2019 11:13:06
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