What’s your profit?

Hello, my friend and future millionaire.

In the last episode, we talked about what it was going to take to buy your life back, and what income level is required to keep you comfortable leaving a job where you are employed by another. 

That’s a big step, and I’m sure you have a big number to go with it, so let’s back down a few steps and make it an easy roadmap to follow. 

What I want you to look at in this episode is this:  With the current product that I’m selling online, whether it be an affiliate marketing product or an e-commerce store or your own coaching product, how much money do you make off of one sale of that product?

The next question I want you to ask yourself is this:  How many sales of that product do I have to make to buy back a day of my life? 

Let’s say you’re somebody that works in a factory Monday to Friday, making $20 an hour, with occasional weekend overtime pay. 

How much digital or e-commerce products would you have to sell in a week to be able to make the same amount of money as if you worked a Saturday of overtime? 

As we’re building your business we’re looking to make this an easy transition for you financially. 

I like to set goals as close targets that you can hit so the first thing we’re going to look at is replacing one day of your income.

If you’re somebody who would rather be outside fishing on a nice summer weekend, instead of being inside and working overtime, let’s look at replacing that weekend income.

So we need to figure out what those numbers look like by first determining how much profit you earn from selling one unit of your product. 

Once you know the $ profit from selling one unit you will be able to figure out how many units you need to sell to equate to that one day of income.

And there you have what it takes for you to be able to stay at home on the weekends and spend time with your family because your on-line business is working for you versus you going to work.

Write down the amount of money you make selling whatever product it is you sell online and write down how many sales it’s going to take for you to buy back a weekend of overtime or even one day of your regular (non-overtime) income.

Then we’ll start being able to see what it’s going to take to buy back your life, not just one day at a time, but we’ll look at what it’s going to take to buy back a week or more.

Eventually we will know the kind of income you need to buy your own health benefits for when you get to the point where you’re ready to walk out of a job.

This is all crucial when we’re putting together the beginning stages of building your roadmap to wealth.