Million Dollar Equation. Get 500 clients to spend $2,000 with you and there you have it. $2,000 X 500 = $1,000,000.
Million Dollar Equation. Get 2,000 clients to spend $500 with you and there you have it. $500 X 2,000 = $1,000,000.
Now the question is how do you make these equations work in your favor? You may seek to create a product/service that causes a one-time sell of either $500 or $2,000 or you may consider that even if it took you 12 months to get customers to spend between $500 to $2,000 with you, you may still hit your mark in a relatively short time frame.
For instance, how much does a household normally pay for cable tv? According to a Yahoo Article a U.S. household normally pays $75 per month for cable tv. $75 X 12 = $900. Now consider all the things you spend money on and you’ll see how your monthly and annual spending habits contributes to many companies generating millions each month and/or year.
If you don’t know where to start to help you build your financial empire, become financially free and live a life of being happy, healthy and wealthy, here’s a resource to get you started Kindle Cash Flow System.