How to Make $1,000,000 in 2024

Alex Zastre

24 Jun 202405:11

Summary

TLDRThis 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.

Outlines

00:00

💰 Million-Dollar Arbitrage Opportunities in 2024

The first paragraph introduces a high-income strategy through arbitrage and brokerage opportunities in the market, focusing on three main sectors: wind turbines, oil rigs, and heavy equipment. It emphasizes the potential for significant earnings by connecting buyers and sellers in these markets. The speaker mentions the importance of identifying the needs of buyers, such as government agencies and large conglomerates interested in green technology, and then finding sellers who can fulfill these needs at a markup. The strategy involves minimal risk as the individual acts as a broker rather than a contractor, making it an attractive method for those looking to earn substantial income without direct involvement in the fulfillment of the contracts.

05:01

📢 Engage and Expand: Call to Action for Business Growth

The second paragraph serves as a call to action, encouraging viewers to engage with the content by liking, subscribing, and commenting if they found the information helpful. The speaker uses a metaphor of having a 'huge hammer' to imply that the information provided is powerful and can make a significant impact. The summary also includes a brief mention of the speaker's appreciation for the audience, suggesting a community-oriented approach and an invitation for further interaction and support.

Mindmap

Keywords

💡Take-home income

Take-home income refers to the net amount of money an individual receives after all taxes and deductions have been made from their gross income. In the context of the video, it is used to highlight the impressive earnings potential of the strategies discussed, with someone making 'over a million dollars a month in take-home income'.

💡Arbitrage opportunities

Arbitrage in this video refers to the practice of taking advantage of a price difference between two or more markets to buy and sell an asset and profit from the difference. It is a key strategy for making profits in various sectors, such as wind turbines, oil rigs, and heavy equipment, as described in the script.

💡Buy side of the transaction

The buy side represents the entities or individuals looking to purchase goods or services. In the video, identifying the buy side is the first step in the arbitrage process, where one must find potential buyers for the products or services before sourcing the sell side.

💡Sell side of the transaction

The sell side is the counterpart to the buy side and consists of those offering goods or services for sale. The video script emphasizes finding the sell side after identifying the buy side to capitalize on the markup between the two parties' price points.

💡Wind turbines

Wind turbines are devices that convert the wind's kinetic energy into electrical power. The video mentions wind turbines as a significant arbitrage opportunity, especially for countries investing heavily in green technology and looking to build wind farms.

💡Green Tech

Green Tech, short for green technology, refers to technology that is environmentally friendly and promotes sustainability. The script uses this term to describe the type of technology that governments and companies are interested in, such as wind turbines, as part of their clean energy initiatives.

💡Heavy equipment and machinery

Heavy equipment and machinery encompass large, specialized machines used in construction, mining, and other industries. The video identifies this sector as another lucrative arbitrage opportunity, where the speaker describes how one can profit by connecting buyers and sellers of such equipment.

💡Markup

Markup in the context of the video refers to the price increase on a product or service from the purchase price to the selling price. It is the profit margin that the arbitrageur aims to capture by connecting the buy and sell sides of a transaction.

💡Discovery calls

Discovery calls are initial conversations between a potential service provider and a client to understand the client's needs and explore how to meet those needs. In the script, these calls are used to determine which entities require wind turbine farms or other large-scale projects.

💡Oil rigs

Oil rigs are large structures with equipment used for drilling into the earth to extract oil. The video mentions oil rigs as another arbitrage opportunity, particularly in oil-rich nations looking to expand their oil production capabilities.

💡Top off Arbitrage opportunities

Top off Arbitrage opportunities refer to the most profitable or advantageous arbitrage situations. The video uses this term to describe the three main sectors—wind turbines, oil rigs, and heavy equipment—where significant profits can be made through arbitrage in 2024.

Highlights

Individual achieved over a million dollars a month in take-home income using an under-discussed strategy.

Strategy involves arbitrage or brokerage opportunities in the market for 2024.

Focuses on both outbound and inbound marketing skills to identify buyers and sellers.

Wind turbines as a lucrative opportunity with significant global investment.

Targeting government agencies and large conglomerates for wind turbine farm contracts.

Potential to earn substantial commissions by connecting buyers and sellers in the wind turbine market.

Oil rig opportunities in oil-rich nations looking to increase production.

Mediator role in connecting American oil producers with African nations for infrastructure deals.

Heavy equipment and machinery as a high-ticket arbitrage opportunity.

Dealing with high-ticket items ensures significant earnings even with a small percentage markup.

The importance of identifying the buy side first to streamline the selling process.

No liability involved as the mediator is not responsible for fulfillment.

Joining Chad Buyers Club for business growth and funding opportunities.

Access to investment bankers and VCs for business funding through caiser.io.

Personalized business growth and funding solutions available at Savvy Capital.

Marketing assistance for businesses through savvysocial.io.

The video aims to provide insights into an untouched market opportunity in 2024.