Make $1M In 4 Years
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Summary
- Many people think they need to sell 10,000 items at $100 each to make a million dollars.
- It's much easier to sell 100 items at $10,000 each.
- The challenge is figuring out what you can offer that's worth $10,000.
- Customers don't have to pay the full amount at once; it can be split over four years.
- This means customers pay $200 per month.
- To reach your goal of 100 customers, aim for two new customers per week.
- If you reach out to 100 people a day, getting two out of 700 to spend $200 a month is doable.
- This approach makes the goal of earning a million dollars feel more achievable.
Video
How To Take Action
I would suggest implementing the strategy of selling higher-value offerings over time rather than focusing on a high volume of low-priced items. This way, you only need to sell 100 items at $10,000 each instead of 10,000 items at $100 each.
Think about what you can offer that is truly worth $10,000. It might be a service, a premium product, or a unique experience. Take some time to brainstorm and identify what you are exceptionally good at or passionate about and how it can provide significant value.
A good way of doing this is to breakdown the price into manageable payments for your customers. You can offer payment plans spread over a few years, like $200 a month for four years, to make it easier for them to commit.
To achieve your goal, aim to gain around two new customers per week. This seems much easier when you consider that it involves reaching out to 100 people every day. From those, converting two people out of 700 each week into customers is very doable.
Stay focused, keep reaching out, and adjust your offer based on feedback to make sure you're offering something irresistible. Make connections, understand your potential customers' needs, and refine your approach to deliver unmatched value. Consistently using this method will make reaching that million-dollar mark feel a lot more achievable.
