How to Make $1,000,000 in 2024

Summary

This video script reveals an under-the-radar strategy that enabled an individual to earn over a million dollars monthly in take-home income. The approach involves leveraging both outbound and inbound marketing skills to identify and capitalize on arbitrage opportunities in sectors like wind turbines, oil rigs, and heavy machinery. By connecting buyers and sellers, one can secure a percentage of the transaction, potentially netting millions in a single deal. The speaker also promotes resources for business growth and funding, emphasizing a hands-off approach to fulfillment.

Takeaways

• 💡 The speaker discusses a high-income strategy involving arbitrage or brokerage opportunities that are emerging in the market for 2024.
• 🌐 The strategy involves identifying both the buy and sell sides of a transaction, particularly in the context of green technology, oil infrastructure, and heavy equipment.
• 💻 The first example given is wind turbines, where there's a significant investment opportunity in countries looking to implement green technology.
• 🏢 The speaker suggests targeting government agencies and large conglomerates with energy needs for potential wind turbine farm deals.
• 📈 The potential market for such deals is estimated to be between 5,000 to 10,000 individuals working in relevant firms, possibly even larger.
• 🔗 Once a buyer is identified, the next step is to connect with sellers of wind turbines and facilitate a transaction with a markup.
• 💼 The second example is oil rigs, where there's an opportunity to connect African nations looking to increase oil production with American oil producers.
• 🚧 The third example involves heavy equipment and machinery, targeting construction and development companies that require or rent such equipment.
• 💰 The speaker emphasizes the importance of dealing with high-ticket items to ensure significant earnings from each transaction.
• 📊 The strategy aims to make a substantial profit by bridging the gap between what sellers are willing to offer and what buyers are willing to pay.
• 📈 The potential earnings from a single transaction can range from one to ten million dollars, highlighting the high-reward nature of this strategy.
• 🔑 The speaker mentions Luke Belmar as one of the few who have talked about arbitrage opportunities but without providing a clear path for the average person to engage in such activities.
• 🤝 The speaker offers resources for those interested in learning more about making significant money in 2024, including joining the Chad Buyers Club or seeking assistance from Savvy Capital and savvysocial.io.

Q & A

What is the strategy mentioned in the script that can potentially generate over a million dollars a month in take-home income?

The strategy discussed is finding arbitrage or brokerage opportunities in the market by identifying the buy side and sell side of transactions, particularly in sectors like wind turbines, oil rigs, and heavy equipment and machinery.

Why are wind turbines a significant opportunity for arbitrage in 2024 according to the script?

Wind turbines are a significant opportunity because many countries are investing heavily in green technology, creating a large market for wind turbine farms, which can be worth hundreds of millions of dollars.

How does the script suggest approaching government agencies and multinational conglomerates for wind turbine arbitrage?

The script suggests setting up a campaign that speaks directly to government agencies involved in clean tech and to large companies with significant energy needs, offering to provide wind turbines at a good cost for building wind turbine farms.

What is the estimated total addressable market for the wind turbine arbitrage opportunity?

The estimated total addressable market is around 5,000 to 10,000 people working at firms involved in clean technology and energy sectors, and it could potentially be even larger.

How does the arbitrage process work once a buyer for wind turbines is found?

Once a buyer is found, the next step is to approach the sell side of the market, which are the companies selling wind turbines, and negotiate a contract with a markup to profit from the transaction.

What is the potential profit margin for a successful wind turbine arbitrage transaction?

The potential profit margin can range from 1 to 10% of the transaction value, which could result in earnings of a million dollars or more from a single transaction.

Why are oil rigs another arbitrage opportunity mentioned in the script?

Oil rigs are an opportunity because oil-rich nations, especially in Africa, are interested in increasing their oil production, and there are American oil producers looking for less competitive markets.

How can one capitalize on the oil rig arbitrage opportunity?

One can propose to African nations to help build out their oil infrastructure and secure oil reserves, then find contractors in the U.S. to bridge the gap between the selling and buying prices.

What is the third arbitrage opportunity discussed in the script, and how did the person make a million dollars a month?

The third opportunity is heavy equipment and machinery. The person made a million dollars a month by identifying construction and development companies that need heavy equipment, dealing with high-ticket items, and connecting buyers with sellers for a profit.

What is the recommended approach for dealing with the heavy equipment and machinery arbitrage opportunity?

The approach is to first identify the buy side, understand their needs and quantity requirements, and then find the sell side that can meet these needs, ensuring a deal size of at least $20 million to secure a minimum profit of a million dollars.

What are the resources mentioned in the script for those interested in learning more about making money in 2024 or raising funds for their business?

The resources mentioned are Chad Buyers Club for business growth, caiser.io for access to investment bankers and VCs, Savvy Capital for personalized fundraising assistance, and savvysocial.io for marketing help.