A serious post to make $1,000,000 in a year.

Photo by Sharon McCutcheon on Unsplash

One Number To Rule Them All

Let’s call it the Bell Number, as I’ve always wanted something named after me.

The Bell Number = 0.031709792

This number represents what you need to make every second to achieve your million. Now there is one parameter to keep in mind, this is working on the theory whatever it is you are offering is available 24/7 for 365 days of the year.

Finding Your Metric

Content Creators

In the land of content creators the metrics change again. Gamers, chatters and ASMR suppliers on Twitch are interested in subscriptions. In the UK they are £4.99 a month. The more subs, the more money. So, 200,401 subscriptions during the course of the year, there’s your million pounds. That might be a healthy 16,700 a month. A loyal audience will gladly pay to see you do what you do best.

Software as a Service

This is one of the reasons I use a baseline of per second billing, with software as a service (SaaS), if you can work out the most granular costs like hosting and all the tooling from cloud providers, then you know what you need to break even.

Service Based Companies

If you were to want to only work a five day week, 9am-5pm (seven working hours) and give yourself four weeks off a year then the value will change.

It’s Not All Yours

What I’ve spoken about so far is how to make a million of something. Here’s what I’ve not covered but you should really keep in mind.

  • Income taxes
  • Corporation taxes (if you are a company)
  • All your overheads.
  • Paying other people you may hire along the way.

A Handy Takeaway Table

$1,000,000 =

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Jason Bell

Jason Bell

Author of Machine Learning: Hands on for Devs/TechProfs for Wiley. An OpenUK Ambassador and a Confluent Kafka Community Catalyst.