Ask HN: How to Make 1M $?
With minimal initial funding (ex: $10k)
How would you go about making 1 million dollars in a year ?
No day traders will ever say that's possible. Even wallstreetbets doesn't expect those returns.
Fundraising with a sap story is a possibility.
Otherwise, the only option I can see is entrepreneurship. $10k to buy some deepfryers or bbq and some food and get selling. Or $10 to get a website going to sell something.
Not necessarily. People are lazy / insecure / impatient / etc.
The OP stipulates minimal capital but nothing about level of effort.
There are near infinite paths to increase capital 100x, and many of those routes require extraordinary amounts of effort.
Such rudeness doesn't deserve a reply, so consider this reply for the larger HN community.
My original post was something like this
> Offer a training on how to raise capital (2.5K course dev, 5K marketing, 2.5K admin maintenance).
and then I changed course because there are nearly infinite paths to turn 10K into 1MM.
Another example is to trade derivatives. There are other examples, but my point is not in the infinitude but that increasing capital is not as simple as having an idea.
Most routes to increase capital significantly are labor and time intensive.
There are so many scams, grifts, and heists in this space that this is where I would turn if I wanted to MMF. At this point I almost feel like it's a moral obligation: the faster the bubble pops, the fewer people it will harm.
The Million Dollar Homepage https://en.wikipedia.org/wiki/The_Million_Dollar_Homepage
-Richard Branson
If this question is merely facetious, then the only appropriate answer is spend $10k on counterfeiting. The only sure-fire way to get 10,000% growth in a year is fraud.
You can do it this way:
- Invest that in make some software.
- That software sell very well.
Software is likely the easiest to pull. Also:
- Invest that in win a big contract to make software (for enterprise/goverment)
- Use the down-payment to (hopefully, right?) deliver on it.
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I work in this space, but more in the SMALL sector of it, and the major complication is not money, is to get into the kind of people that pay that sums. I almost win something like this, but the pandemic kick and all dried...
If you have a hunch that's wrong, and you end up 10% down vs your colleagues, someone will give you a tap on the shoulder and have you escorted from the building. Potentially career ending.
Make a service that is just a conglomeration of other services under the hood, hire a ux designer to make it flashy and hip looking, charge monthly.
Trade options with insider information.
Invoice scam cash flush startups.
Go to a roulette table, put it all on black. Repeat seven times.
This was my thought initially, but then I remembered that casinos usually declare maximum bets. I'm not sure you can place $640,000 on black in one spin.
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