Quote by Jerry Gillies

Making a million dollars is the simplest thing in the world. Just find a product that sells for $2000 and that you can buy at a cost of $1000, and sell a thousand of them.

Making a million dollars is the simplest thing in the world.

Summary

This quote suggests that making a million dollars is achievable by finding a product where there is a significant profit margin. By identifying a product that can be sold for $2000 but can be acquired for $1000, the idea is to sell a thousand of them and generate a million dollars in revenue. The simplicity lies in the basic math that outlines the necessary quantity and the focus on finding the right product with a suitable profit margin. However, the quote overlooks potential challenges and intricacies involved in the process, such as market demand, competition, and marketing efforts.

Topics

Money

By Jerry Gillies

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