A Million Dollars – You’re Closer than You Think
Your goal and my goal is to make a million dollars online.
You want to use the power of leverage to make passive income.
Active income is great, but to make a million dollars you’ll need passive income.
Getting a medium to large following is necessary to actually have enough leads to sell to.
I’m at the stage in this website where I’m more focused on getting content out there. To actually have a high traffic site, you may have to invest many months into getting an audience.
Creating posts that offer strong value is part of this.
A million dollars is almost 100K a month.
To make this kind of money, you may want to have about 5000 customers. To make a million dollars, a following of 5000 people would have to invest an average of $17 per month to make the content creator a million dollars.
Lets say you’ve built an audience of 5000 people a month, this is a very realistic goal.
Out of those 5000 we can expect that maybe 100 of the followers would actually pay for a product you have created. You’ve got the following, and a select few want to pay for your premium advice.
Lets say your product is $40 as a one time fee that solves a problem. You’ve made an e-book.
$40 times 100 is $4,000. This amounts to about 50 grand a year. An audience of 5000 people is going to net you enough money to be able to live on passive income.
This is the part of the game where you now have money coming in regardless of how much you work.
You may be able to leave your 9-5 at this point. You won’t have to if you enjoy your job, but at this point you have options.
Now lets say you create an even more advanced product.
It’s on sale for $200, and it’s excellent at solving an issue your audience is dealing with.
Lets say you have at this point 15,000 people who are viewing your site each month. 100 of them a month decide to pay you $200 for your product. It’s a slam dunk positive ROI for the customer. They would happily pay a grand, but you offer for 200 bucks.
Now with the 100 people per month buying the product, you bring in 20K revenue per month. At this point you are making a quarter million dollars a year. Another year goes by, and your audience is at 60,000 people a month. Now 400 people are buying your best product.
At this point you are now making a million dollars a year.
You would also be able to reach this revenue if you offered a membership for a course.
Like I said earlier, it’s $17 a person per month price point. 5000 people would be enough to reach a 1 million dollar revenue.
You have to have maybe a few hundred customers a month if you create a 200-300 dollar product.
The internet makes it possible to scale.
To build an audience you need to offer both your value, and your personality. Share what makes you unique, tell your story.
Create solutions for the people who need your help.
You can reach your dream life in no time!
To your success,
Angus