the importance of numbers

greetings to the PH community, I hope you are well and are meeting your goals, we are already half way through this year and the coin market continues in its endless race, all this bonanza is giving the opportunity to create the basis for bigger businesses, but before starting a bigger business you have to understand that the real wealth is in the amount of people you are able to reach and sell a product or provide a service, that's why the article will focus on the importance of numbers, I hope you like it and you can leave a comment.

One of the things we must bear in mind as entrepreneurs is that if we want to achieve financial freedom we must be 100% sure of how to handle numbers and why quantities are so important. In a world where consumption habits are determined by patterns that generate trends, the ability to understand numbers is the most precious thing an entrepreneur has.

If we want to know how profitable an activity is, we must know the number of people who are willing to pay for that product or service, we must also know the metrics of how many people succeed and how many fail, so that with this data we can establish the probability of success or failure that we will have once the venture has started, without these clearly established numbers the entrepreneur cannot determine whether his decision to exploit an idea is viable over time.

On the other hand if you know the size of your audience and the monetary capacity of your client the next step is to determine what product or service is consuming that audience, this is where the creativity of the entrepreneur comes into play to provide a solution to a common problem that the community you want to serve is experiencing, these two factors that are the size of the audience and their consumption pattern determine the long-term success.

If we stop to think a little we realise that many of the people who have made millions of dollars as a result of a business idea did so by leveraging the number of people who see a product as a solution to a common problem. Other people like Bhad Bhabie who managed to make a million dollars in six hours by selling subscriptions to his onlyfans channel know that if you can sell a low cost product to a lot of people it can generate millions of dollars very quickly.

in conclusion, the amount of people you can sell a product or provide a service to is directly proportional to the amount of money you will make, so it is better to create a system that allows you to reach more people rather than wasting energy on small, unprofitable niche markets.

created by: @trabajosdelsiglo