There’s more than one way to make $1 million. While most millionaires acquire their wealth through high paying careers, family fortunes, or smart investing and savings, the internet has made it possible for more people than ever before to become self-made millionaires in a variety of new and creative ways.
With projects ranging from becoming a self-published author to renting your home or car, these eight ideas are meant to inspire you when it comes to looking for innovative ways to make an extra income. With a little bit of hard work and a lot of luck, it is possible for almost anyone to become a millionaire.
Self-Publish An EBook
With minimal costs and no disheartening rejection letters from publishing company’s required, self-publishing eBooks is becoming an increasingly popular publication method for authors trying to break into the literary world. Authors who sell their work on the Kindle, for example, receive 70% of the purchase price; at just $5 a book, you would only need to sell 295,714 novels to make $1 million.
Upload A Viral YouTube Video
It happens in the blink of an eye: a relatively obscure video begins gaining popularity, amassing more views and shares until it reaches viral status. Each of those millions of views has the potential to make their creators rich. The faces behind some of YouTube’s most popular video channels are able to make millions of dollars each year through ad revenue generated by pop-ups and lead-in’s played with their content. Swedish YouTube sensation PewDiePie, who has nearly 30 million subscribers, is rumored to make more than $7 million annually
Create A Must-Download App
If computer programming is your forte, creating a best-selling app could be an easy route to make $1 million. Even those programs available for free are still able to make profits thanks to revenue from in-game pop up ads and ad banners. Mega-popular viral hit Flappy Bird was rumored to be generating an astonishing $50,000 per day during its peak popularity; with that much daily profit, you would only need to keep your app available for 20 days to become a millionaire.
Market Yourself On Fiverr
Users on Fiverr are able to sell any product or service imaginable, all for the flat rate of $5. Products on the site vary widely and are available in a variety of different categories, including everything from technology and coding to online marketing and blog mentions. Sellers keep 80%, or $4, of every unit sold; at that rate, you would need to sell 250,000 services to make $1 million.