How much money do you want to make this year? Do you know how you are going to do it?
My wife and I spent some more time with Live Out Loud for training on their affiliate program (which pays very well if you are looking for a cash machine). One of the things we came away with is Loral’s process for revenue modeling. It is a very simple process because you want to quickly figure out what you need to do to meet your goals then get busy doing those things.
First, write down how much money you want to make in the next however many days. Then figure out how much of your product or service you need to sell to reach that number. Next figure out what you are going to do to make those sales. And the last step is go do it.
For example, let’s say I want to take home $2000 in the next 30 days. My profit for selling Nikken product is 20% if I sell it at the full retail price so my sales goal is $10,000. Now I have to figure out what products I think I can sell this much to reach $10,000. It turns out that all I have to do is set up 3 families with the basics of a wellness home (if you curious, that is a magnetic sleep system, air and water filtration, magnetic insoles, and a few other small items).
Pretty easy, right? The benefits of spending a few minutes doing this planning are huge, especially considering the amount of time it takes because now you know exactly what you need to do to reach your income goals. You know where you need to devote your time so that you are not as easily distracted by other things.
If you don’t have a way to make money outside of a fixed paycheck, see my cash machine post then leave me a comment. I would be happy to discuss ideas with you as well as share a few of the things that I am doing.
If you want to learn more about how to write you plan, check out the Building, Leading, Protecting Your Business audio program or attend on of her live Cash Machine Workshops.
So there you have it. Go plan then get busy.
Planning to be wealthy