How to make a million from scratch: some real stories

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Many people are wondering how to make a million without having initial capital. Agree, at first glance, this may seem like an absolutely impossible task. After all, money does not fall from the sky, and quite serious investments are needed to create your own business. However, there are still people who have found ideas for self-realization in absolutely ordinary things. Now they have a very impressive income and enjoy a comfortable existence. Perhaps their success stories will help you figure out how to make a million from scratch.

The David Reynolds story

This entertaining story is about how to make a million on human problems. In the process of renovating the bathroom, the average American, David Reynolds, broke his arm. Having been discharged from the hospital, he faced an urgent problem - the plaster did not allow him to fully take a bath and even a shower. After all, to wet it, as you know,it is forbidden. What did poor David not invent to find a way out of this unpleasant situation! He wrapped his hand in waterproof film, put on garbage bags and even a car camera, but the plaster still got wet. Having run around all the pharmacies in search of a special case for his hand, he realized that such a device simply does not exist in nature. And then he came up with a brilliant business idea - to create it with his own hands.

He filed a patent for his invention - a plastic case that can be hermetically fixed on a leg or arm. Together with his colleague and old friend, he created a company for the production of these devices and began selling from small pharmacies in his city. At first, the goods were purchased reluctantly, breaking into the market was far from easy. But, turning a blind eye to temporary difficulties, friends stubbornly went to achieve their goal. And, two years later, they signed a contract with a large pharmacy chain and a dozen smaller pharmacies. To date, the company successfully sells many different models of waterproof covers through wholesale distributors and its own website. And David, who used to work as a simple dealer, now earns about two million dollars a year.

The Fraser Doherty Story

This guy started his business at the age of 14 and already knew how to make his first million. At that time, he was actively fond of cooking and enjoyed preparing a variety of jams according to his grandmother'srecipe. Numerous friends, neighbors and even parishioners of the church constantly turned to the boy with a request to make delicious jam for them. Soon the rumor about this amazing delicacy spread far beyond the borders of Fraser's hometown. The abundance of incoming orders forced the boy to rent a room in which about 200 people began to work. At the age of 16, Fraser made the decision to devote himself entirely to business and dropped out of school. Then he signed a contract with a supermarket chain for the supply of jam. So at the age of 21, the guy earned his first million dollars.

Today his working day is devoted mainly to the search for new sales channels and management work. Doherty became the author of two books, one of which is devoted to the issue of organizing your own business. Perhaps after reading this edition, you too will understand how to make a million.