Summary of 2023 Millionaire Business Model

00:00:00 - 00:20:00

This person explains how to become a millionaire in 2023 by using a business model that is low volume but high profit. They offer an example of how someone could make money by selling tickets to a webinar. This model is successful because it incentivizes authors to sell their books for a lower price, which allows Amazon to become the King Kong of marketing.

• 00:00:00 Myron Golden's "2023 Millionaire Business Model" suggests a business model that can make one wealthy in 2023, which is the year of the predicted global economic crisis. This model is based on low volume times high profit.
• 00:05:00 The presenter explains how an entrepreneur can generate income through affiliate marketing. He offers the example of promoting a product by selling tickets to a webinar. He notes that this is a low-volume, high-profit business model.
• 00:10:00 The video discusses the different business models and the one that most closely resembles the waltripreneur business model is the entrepreneur business model. This model is based on the philosophy of Sam Walton, who never wanted to make more than 30 percent of his profits from his businesses. He applied this philosophy to his e-commerce business, where he would only sell items for 10 dollars or less and would keep 30 percent of the profits. This model is successful because it incentivizes authors to sell their books for a lower price, which allows Amazon to become the King Kong of marketing.
• 00:15:00 The presenter offers a three thousand dollar offer for a pen with a thicker pen that is too thick. If the pen is sold at a hundred per month, the presenter has a three million dollar income per year. The presenter recommends a three thousand dollar offer for a product with a high profit to low volume ratio in order to create wealth in 2023.
• 00:20:00 The video discusses a business model that could see a person become a millionaire by the year 2023.