10 Foolproof Ways To Make A Million Dollars

The Daily Startup

 
Sell 714,286 Self-Published Books On A Kindle
Sell 714,286 Self-Published Books On A Kindle

Average cost of a book sold: $2

Profits you keep: 70%

Million-dollar math: For every $2 book sold, you keep $1.40. $1.40 X 714,286 books = $1,000,000.40

Who did it: Earlier this year, 26-year old Amanda Hocking was the best-selling “indie” writer on the Kindle store. She was selling around 100,000 copies per month at $1 to $3 a pop which set her on track to pocket a few million dollars.

Sell 477,483 apps in the App Store

Average cost of an app: $2.26, but since Apple doesn’t let people sell apps for that amount well round up to $2.99.

Profits you keep: 70%

Million-dollar math: For every $2.99 app sold, you keep $2.093. $2.093 X 477,784 apps = $1,000,001.91

Who did it: Doodle Jump’s Igor and Marko Pusenjak, Tap Tap Revenge and Peter Verterbacka of Rovio’s Angry Birds

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