How to Make $1,000,000 in 2024

In order to make $1,000,000 in 2024, you’ll need to make $2700 daily.

Now, assuming you sold 100 items a day, you need to sell each item at $27.40.

Simple math right?

But what’s that one item you can sell 100 pieces of daily to stay in line with this $1 million dream?

Is it an ebook, a different online product, or an online service?

Whatever it is, if you price it at $27.40 per item, strive hard to sell 100 pieces of it daily for 1 year to make $1 million.

If this is just a dream and you actually don’t have a business idea in mind, keep reading to learn more about other business ideas and services you can try to make $1,000,000 yearly.

How to Make $1,000,000 in 2024

1. Virtual wholesaling. 

Virtual wholesaling is one of the best businesses to start in 2024 to make $1,000,000.

But how easy is it?

What does it involve?

Who can do it?

Do you need a million dollars to start a virtual wholesaling business?

In my opinion, virtual wholesaling is the easiest business to start in 2024 and it can be done from anywhere in the world.

You only need a laptop and you don’t need any license to do it.

The best part, you don’t even need any money or any credit to begin this kind of venture.

When wholesaling, you’re a matchmaker between the seller and the buyer and you make a profit for doing so.

For example, let’s say you find a motivated seller that’s willing to sell their house at $250,000 then you find a buyer for that property at $300K.

You automatically make $50,000 just for being the matchmaker.

The best part is, you’re never actually buying the property so you don’t need any money in the deal.

Repeat the same process a number of times to make $1,000,000 in a year.

2. Have multiple streams of income to make $1,000,000 in 1 year.

Back to math.

Assuming you want to make $1,000,000 in exactly one year.

What should you do?

And on average, how much money must you make to achieve this dream?

Let’s find out.

To find out how much money you must make daily in order to make $1,000,000 in one year, we will divide $1,000,000 / 12 months.

That gives us at least $83,333.33 a month.

So now you take that number divided by 4 four weeks in a month and then that number is $20,833$0.33 a week.

Still a crazy figure, right?

But who said making $1,000,000 a year was easy? Let’s simplify the figure further.

Let’s divide that $20,000 figure further to know how much we must make in 7 days.

Divided by seven days a week we get $2976.19.

So basically for the entire year, you must make under $3000 a day for the whole year to accumulate $1,000,000.

But of course, there aren’t so many small businesses or jobs you can do to make $3,000 daily. And if you get one, chances are you will get irregular earnings.

So what do we do?

Let’s divide this figure further.

Pick a lucky number.

6?

Six did you say? Now 6 stands for the number of jobs you must do to make $3,000 in a day.

Divide $3,000 (daily income expected) by 6 and you get $500 per job/ business/hustle.

Now that’s manageable.

But what are those hustles or small business ideas that can guarantee $500 per day without fail?

Here are some easy ways to make $500 a day 6 different ways.

1. Make $500 per day in real estate

There are very many different options in real estate. You could flip wholesale or even just be an agent in your city.

Whichever method you choose to make money in real estate, just strive to get one $15,000 cheque from a commission or wholesale and you are sorted for the entire month.

Ensure you continue to make $15,000 a month with real estate to hit the $1,000,000 at the end of the year.

2. Make $500 per day through YouTube

You can do this through Adsense and sponsors.

If you get enough views on Youtube, those views can easily translate to $500 a day.

If YouTube alone doesn’t hack it, try monetizing your TikTok and Snapchat too to meet the target.

Remember, you have to continue making $500 per day for the whole year to hit the $1,000,000 mark.

3. Flip anything you can get your hands on.

While most people prefer choosing a niche and sticking to it, sometimes it’s not always easy to make money for so long with these niches.

The reason why you must not choose what you want to flip if you want to make $500 daily for 1 year.

What am I trying to say?

Flip anything and make $500 a day.

Flip furniture, cell phones, sports cards, gadgets you name it…

4. Sell an online course.

The online course could be about anything.

Need I mention that people pay as much as $5,000 to be part of these online courses?

You could make an online course that goes for $1,000 and just strive to sell 1 every other day to meet the $500 per day mark.

5. Make $500 per day through a subscription model.

All you’ve got to do is get a group of people together and charge a monthly fee to 150 people at 100 bucks a month and you’ll have met the target.

6. Online freelnacing gigs.

There are lots of online gigs that you can do for $500 per day.

For example, sites like Squad help pay as much as $500 per day if you can come up with acceptable domain names for their business.

Squad helps sell these domain names for as much as $2000.

Another site that you can check out for gigs that pay as much as $500 per day is People per Hour.

Note: – it will be very hectic to take care of all this.

But hey, you want to make $1,000,000 per year, don’t you?

There is no easy way. Work hard for every coin.

3. Write and sell books.

Getting into $1,000,000 in 1 year from writing books is a pretty doable job.

Especially if you find the right angle and an audience willing to purchase your books.

And that’s just the better part.

The best part, in order to become a New York Times bestselling author you only need to sell around 10,000 books and that’s doable too.

So many authors have done it with Amazon Kindle.

And if you want to make $1,000,000 a year doing what you love, writing; then you should also try this.

Just don’t overprice your books.

And if it’s possible, put more books out there.

4. Start a dropshipping company under your label

For those of you who have no idea what dropshipping is, it’s a very fun and interesting business model where you find a supplier – someone who creates, packages, and delivers a product on your behalf.

Once you have identified that, your job is to bring in the sales.

Here’s how it goes…

Let’s say you can get a product that sells for $5 from a supplier.

Create your website and list it for $20.

When orders are placed, send $5 and details from the order to your supplier should then package and deliver the product to the address you provided.

Does this really work?

Yes.

It has worked for Kylie Jenner, why wouldn’t it work for you?

5. Start a small business and keep growing

If you want something more old-fashioned then why not try creating a brick-and-mortar business and grow it?

It may seem difficult at the start but it gets easier as you progress.

Conclusion. 

It’s not very easy to make $1,000,000 in a year. And it is not difficult either. At least if you are focused.

Is there any simpler way to make $1,000,000 yearly that we missed on this list?

Mention it in the comments section.