How much would you like to earn per month?

in basicincome •  8 years ago 

That will probably sound weird to you the 1st time you'll read this, and maybe you'll not get the power of it immediately. But please bear with me a few seconds, as this single tip below has made a big difference to my bottom line.

Let's say that you want to earn $10K per month... you can replace this by any number but let's use that as an example.

Let's break it down. How much is that per business day?... Around $476.

And per working hour (taking 8 hours per day)?... Around $60.

To reach your $10K/m goal, you then need to be earning $60 per working hour.

I want to be sure that you understand it correctly, and more importantly that you understand its implications, so I will rephrase it (manual spinning, private joke lol):

1/ If you've been working for one hour, all you have done during that hour should return back a profit of $60

2/ If what you're doing during your working hours doesn't generate at least $60 per hour, then you will NOT reach your $10k/m goal.

3/ Working on anything for one hour that doesn't generate a profit of $60 will get you further from reaching your goal.

In other words, if you want to earn $10K per month, then during your working hours, stop doing tasks that do not generate this amount of money:

  • Stop searching for pictures for your next articles

  • Stop posting on your FB pages

  • Stop whatever you are doing that you wouldn't pay someone else $60 for doing it!

What should you do instead?

Marketing, marketing, marketing!

Create funnels that move your visitors from prospects to customers! Analyze your metrics, optimize and bring in more traffic.

Then create more funnels targeted to other segments of your market that need your products (or what you're promoting) and bring in more traffic. Once again, analyze your metrics, optimize and bring in even more traffic.

Focus on this and outsource the mundane tasks. That is the fastest way to reach your goal.

If you didn't get it yet, here is another short attempt:

If you're doing tasks that do not generate $60 per working hour, then how in the world are you going to reach $10K/month? That's simple math. So... stop working on things that do not generate what need to be generated to reach your goal. (you can still do it if you enjoy it, but in that case, make it a hobby, or do it outside of your working hours)

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Upvoted you

Awesome! I much prefer steemit.com, where we all learn from each other.

"...stop working on things that do not generate what need to be generated to reach your goal.." is the best idea!!!