How can i make realistically one million dollars in 5 years.
To make that much, you need to provide services that are highly in demand.
Here’s what I would do:
We all know that more than 75% of university/college students use Samsung and Apple devices. So what you need to do is learn the skill of fixing those devices, buy LED screens on AlieExpress. You can make as much as 400% profit from those screens alone, don’t believe me, go check on Alibaba and AlieExpress.
Print thousands of fliers and posters and dedicate one full month into distributing them to local colleges and universities. Gather some of your friends to:
Answer calls and enquirers
Open and aggressively market online
Make sure you’re very cheap and reliable.
Order about 500 screens at first, if the demand increases, order a further 1500. Let’s say you buy one screen for $7 and to sell + fit is $50. How much gross profit? $43.
How are you going to handle the demand? Make appointments, Monday you’re in a certain university and work for 10+ hours, tomorrow go to another one.
After you’ve made enough money you can buy low cost properties and cars. Flip and sell.
Obviously it’s not easy at all, you will face a lot of challenges but you might make it.
I know I didn’t get into details, but I’m writing this this very tired and sleepy. Sorry for any spelling errors.