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Follow on TwitterIn the article How To Make A Million Pounds I explained how simple it is to make a million pounds explaining that it’s just a matter of starting a business and applying the formula:
£1M = Profit x Number of Sales
Which, with some rearrangement allows you to determine, based on your profit per sale, the number of sales required to make a million pounds. For example the number of sales required for a profit of £1, £10, £100, £1,000 and £10,000 are shown below:
| Profit Per Sale | Number You Need To Sell |
| £1 | 1,000,000 |
| £10 | 100,000 |
| £100 | 10,000 |
| £1,000 | 1,000 |
| £10,000 | 100 |
However Chrissi Sharkey read the article and saw not just how simple the concept is, but that it presents a business opportunity too. Here’s what she said in her email:
I just wanted to email you to say thanks! I found your article on how to make a million pounds a while ago, which was the starting point for my new business idea. I have created a concept called aMillionJobsToDo… where people can suggest any task for a minimum fee of just £1.
Her business idea is explained in more detail on her website aMillionJobsToDo, where she explains:
The concept of this idea is that you can contact me and suggest any task which you need completing. You can specify how you would like the task to be done, when and where you would like the task completed and how much you are willing to pay for the task.
To achieve her dream (a local property on the market for just under £1M) she’s adapted the formula:
£1,000,000 = Profit x Jobs
Although she recognises that the more profit she makes on a job the fewer jobs are required, noting that:
This was the basic starting point of my idea. In theory I could actually complete a million tasks worth £1 each or hopefully slightly fewer jobs worth more profit!
She tells me that she’s made £1,000 so far (in a month since launching and whilst maintaining her day job) so I think she’s proven that her business idea can work. She’s also nicely demonstrating that the secret to starting a successful business is not an amazing idea, but a simple idea amazingly executed.
I look forward to following her story, I suspect it’ll be a successful one.
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This blog is about business opportunities and ideas that I spot, think of or hear about and think are useful and interesting. It is intended to provide ideas and inspriation for you to help you find the right business idea for you to then grow it into a successful business.
It is great to have feedback like this from somebody who got inspired by a blog post of yours. I like the concept of A Million Jobs To Do, and I am sure this is going to go to great heights!
Am curious to find out more about making a million as am still struggling with alot. am a single mum with 3 kids and at university with alot of debts to pay off but with guidance i will be able to sort myself out.i find the information you have given very useful though it is not enough. Thank you so much atleast i have a clue.
Lorraine,
If you still have unanswered questions or feel there’s not enough information then join the forums and post any questions. I’ll do my best to answer them all, as will others.
What a great concept and nice to see effort made in the web site design and the use of social media to promote this.
I love ideas that really capture people’s imagination – great for Jon to cover how to make a million in the basic format and then great to see it inspire someone with this idea.
I will be following this story closely as its about time we were due another internet phenomenon.
My angle on this …. how long until we start to see the copycat websites! Don’t be put off though, they are usually cheap mock-ups that never catch on.
Good luck!
Scott
UKpreneur.co.uk
I thought aMillionJobsToDo was a great concept concept the minute I stumbled upon it. So much so that I enlisted her services to create my own website and to do some T-shirts for me and my business partner. It’s great to see someone going for their dream and wish her all the success! Thanks to Jon for giving her the inspiration
It’s great to see people are interested in the things you share on your blog or website. I’m also very content when somebody who follows my advice succeeds with his/her business.
Nice and interested articles…keep going!