In this article we are going explain how to earn 1 crore.
Let us find, how difficult it is to earn a crore.
If you have a product worth Rs 50000, you need to sell it to 200 people.
If you have a product worth Rs 5000, you need to sell it to 2000 people
If you have a product worth Rs 1000, you need to sell it to 1000 people.
Learn to offer a service worth more than 50000 and you can easily reach your target in few months. I emphasize on the word service here, because your profit margin will be higher. For eg, a beautician for a bridal makeup can offer services upto 50000. The materials used here may not exceed few thousands, however he/she has to invest more time, some cases even an entire day.
Educational tutorials on the latest trend such as Artificial Intelligence, Machine learning etc. can be sold at a premium price. Webinars on stock market investments and news letters/magazines based on subscription are best ways to sell at a premium price and you need to develop skills to offer such services. On the other hand you cannot sell refrigerator or Air Conditioner at 80% margin. So the edge really lies on the profitability margin.
Apply what you have learnt here in your life and just work hard. 1 crore is on your way 😄