A short YouTube video by Codie Sanchez offering tactical advice for making a first million dollars. Sanchez recommends becoming extremely valuable to wealthy individuals, pitching that value to multiple prospects (expecting most to decline), and structuring deals so you only get paid on upside—leveraging others' capital and accelerating existing money rather than taking upfront fees.
Chapters
How do you make your first million? You're starting from scratch at zero. I would go and become really valuable to the most valuable person I could find. And I deliver that to probably 10 people because nine of them are going to say no, and one of them is going to think that that's really useful and say, like, pay me whatever you think this is worth or let me take a cut of whatever you think this is worth. Because there's a weird thing about money, which is when somebody has money already and you can accelerate their money, you can make money faster. If I had to go start from zero dollars again, yes, I could go start from zero, get my first couple thousand dollars and work my way up. Or I could lever Dan's money much more intelligently. And as long as I took zero dollars from him and said, I only want upside, only pay me if this wins and succeeds and it's just net, you know, to you and then some net to me on top, that's what I would do.