What I Would Do To Go From $0 To $1M In 2026
How to Become a Millionaire from $0
Step 1: Determine Key Foundations
- Identify three critical elements for success: knowledge (what you know), skills (what you can do), and environment (who and what influences your behavior).
Step 2: Define Your Target Market
- Choose a target audience based on one of the three Ps: a painful experience you've overcome, something you're passionate about, or a profession you recently exited.
Step 3: Select Your Product or Service
- Ensure your offering is:
- Unique: Only you can provide it.
- Expensive: Charge significantly more than delivery costs.
- Sticky: Customers should want to repurchase.
- Air: The product must be infinitely scalable.
Level Two: Scaling Your Business
Step 1: Attract Customers
- Utilize four core methods to generate awareness about your offerings. Start with one method and expand later.
Step 2: Monetize Early
- Begin by helping people for free to build credibility. Gather testimonials before transitioning to paid services.
Step 3: Increase Customer Value
- Explore eight strategies to enhance the lifetime value of each customer after securing initial sales.
Step 4: Expand Your Team
- Hire individuals with expertise in areas where you lack knowledge, addressing five common reasons for job performance issues using the "3Ds" approach.
Step 5: Build on Three Business Pillars
- Acquisition (marketing and sales)
- Delivery (fulfillment and customer service)
- Back Office Operations (finance, legal, HR)
Level Three: Maintaining Competitive Advantage
Step 1: Understand Leverage
- Recognize leverage as maximizing output per unit of effort; explore various forms of leverage applicable in business contexts.
Step 2: Focus on Compounding
- Avoid distractions from new opportunities ("the woman in the red dress"). Commit to one channel, offer, and avatar until reaching significant financial milestones ($1 million).
Step 3: Continuous Improvement
- Regularly seek feedback and analyze successful versus unsuccessful outcomes across all aspects of your business operations.
Step 4: Commitment to Goals
- Outlier results require deep commitment; assess how much you're willing to sacrifice for achieving your goals.