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The Martell Method w/ Dan Martell

If I Wanted to Go From $0 to $1M, I’d Do This

The Martell Method w/ Dan Martell

Dan Martell

Business, Entrepreneurship

4.9626 Ratings

🗓️ 8 November 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

>> Get The Book (Buy Back Your Time): https://bit.ly/3pCTG78 

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This is the fastest and most realistic way to become a millionaire.

You might think it’s buying stocks, crypto or wholesaling some real estate.

But it’s not…

More cash millionaires are created through owning a business than any other wealth creation strategy.

But the problem is over 80% of businesses fail in the first year…

So I’m going to share with you the simple playbook of everything you need to know about starting your first business and becoming a millionaire.

And the 10 steps that allowed me to go from broke to building a $100M revenue a year business empire.

IG: @danmartell

X: @danmartell

Transcript

Click on a timestamp to play from that location

0:00.0

This is the fastest and most realistic way to become a millionaire.

0:03.6

Welcome to the Martel Method.

0:05.1

I went from rehab at 17 to building a $100 million empire and being a Wall Street Journal bestselling author.

0:11.5

In this podcast, I'll show you exactly how to build a life and business you don't grow to hate.

0:16.1

And make sure you don't miss anything by subscribing to my newsletter at Martel Method.com.

0:20.7

Step number one in your

0:22.0

millionaire journey is to pick the right business model. And these are the highest leverage

0:26.2

business models you can steal to start your first business today. Number one, service business.

0:31.3

Think lawn care, snow removal, window cleaning, website building. Just pick one thing. Don't beat

0:36.4

everything to everybody. I have a friend of

0:38.5

mine, Stefano, he's 23 and has a 3 million a year snow removal business. Why? Because he focus on one

0:45.0

thing. Reoccurring revenue, removing snow. He focused, he made it happen and that's how he became

0:50.1

a millionaire in almost his first year. Number two, product business. Building something that

0:55.0

people buy, direct to consumer or retailers. And people say, well, I don't have the money to pay to buy or build the thing.

1:01.0

Well, you can kickstart. You can crowd fund. Have an investment I made in a company called laundry sauce.

1:05.8

This is how they went from $0 to $8 figures in revenue in under a year using this exact strategy.

1:11.5

You want to pre-sell what you're about to build so you can use the customer's money to

1:16.0

fund the inventory that you need to buy to give to the customers and sell new customers.

1:21.1

Number three is consulting business.

1:22.8

Teach people how to do something.

1:24.8

And if you don't know how to do it, go learn it.

1:26.6

You could read the top five books on how to be a great marketer for local businesses and then go

...

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