Who wants to be a millionaire?

These days plenty of people are trying their hand at starting a business. One who has, and who says he's made a million in the past two years, is Yaro Stark, who did it primarily by blogging and now selling his advice on how to do it.

Seventy percent of that revenue was profit, he says, out of which he pays taxes.

Here are his tips for doing it yourself.

1. Although I don’t have staff, I couldn’t get this result without some kind of leverage generated by other people. The best two examples I can give you from my experience is my partnership with Gideon Shalwick, who co-created the Become A Blogger program with me, which is responsible for a fairly hefty junk of my income in the last two years, and my affiliates, who have helped me reach a much larger audience than I could alone.

2. Repetition of what works. Although I’ve done many different things over the last ten years, when I found something that worked and I enjoyed doing it, I stuck to it long enough to get a result much higher than the average.

3. Choose a business model that has the potential to make you rich. This might seem obvious, but many entrepreneurs are smart enough to know that working a job won’t make them rich, but then make the mistake of choosing a business model that won’t do it either. If you can’t see how your business could make you a million dollars, then you might want to think about changing your model.

4. Isolate your core strengths and then build on them. I mentioned it’s important to find something you enjoy, and what you enjoy is always a strength, so if you can find a business that allows you to express your strength, develop it through repetition and reap financial rewards from it, you’ve hit the holy grail.

5. Tap significant sources of traffic/audience/customers. Most people I meet who are millionaires have access to large amounts of people. Yes you can make a million dollars without needing distribution (like through property or shares), but for those who do it with a business, they generally have a means to access lots of people. It might be having lots of physical stores in retail, or a large email list or popular website online, or affiliates/joint venture partners, or money to spend on advertising, or some kind of media like a television or radio show, or magazine or newspaper. Whatever the case, you need thousands of customers to make millions of dollars, unless you operate in a high profit-margin market.

6. Pick an industry with significant profit margins and high demand. Profit is a function of how many sales you make and the money you keep from each sale after the cost of providing the goods or service. Obviously the greater your margin, the fewer sales you require to make a million. It is possible to be calculating when you choose what you are going to sell, so your path to millions is quicker and more likely.

7. When something is not working or won’t take you where you want to go, quit. This is probably the biggest reason most people will never make a million dollars – they are too afraid to change. If today you have no potential to make a million doing what you do – and you want to make a million – then start making changes so you can.