That's really good information to share Roger.
And something to take note of ... Look at the numbers you shared.
Can you provide sources by the way, that would be very valuable data for people to have access to.
15 million people in mlm.
40 million hispanics learning English.
100 million projected to participate in some sort of home business.
There are 3 awesome target markets right there!
#1 People already in mlm.
#2 Hispanics working towards being a more integrated and functional part of society,
which then leads to them contributing to market #3 ....
100 million people getting started in a home business.
Let's look at just one piece ... 15 Million existing MLM business people.
Here's the math and why HARD is just a matter of how you look at things.
An average conversion rate in the information publishing industry which is commonly used for examples is 1%. Let's break it down based on that average and using Joyce's goal of making $350,000 per month.
Let's look at how many people that equates to on an annual basis if you were able to market to the entire industry in a one year period.
15,000,000 x 0.01 (1%) = 150,000 people per year
150,000 / 12 months = 12,500 people per month
150,000 / 365 days = 411 people per day
So according to that data, you would need to have 411 conversions (sales) per day on average to maintain a 1% conversion of 150,000 people per year.
So how does that look when you put the $350,000 per month into play?
Divide the monthly revenue goal by the total monthly conversions required:
$350,000 / 12,500 = $28.00
... yes - that's Twenty Eight Dollars.
Selling a simple $28 product with just over 400 conversions a day will generate $350,000 per month gross revenue. I don't know about you, but I know for a fact that, that is absolutely doable.
Let me tell you something I learned going through a CPA Marketing course last year and more recently studying a few prominent marketers in a few different spaces ...
There are people selling THOUSANDS of units EVERY SINGLE DAY of $25, $35, $50, $97 products online like clock work and making MILLIONS in revenue - year after year.
In one case study a guy was making over $2,000,000 per year with a $19.95 continuity program.
He outsourced all of the content and sat back and collected a 85% profit margin for almost no effort on his part.
What if you had a $100 product and sold 117 per day ... could you do that?
What about this ... what if you had two $14 products that you sold 200 units of each per day?
Could you do that?
Or ... what if you had four $7 products and you sold 100 units each per day, could you do that?
Or what about this ...
What if you had 100 websites that generated an average $7 in revenue each, every day?
Could you do that?
See, the point isn't so much CAN IT BE DONE or HOW HARD IS IT, but how you look at things and the processes and systems you have in place to accomplish what you want to do.
There are people who do $4,000,000 in sales in a day in the internet marketing industry.
No they don't keep it all, but think about it ... Do that 4-6 times per year. Whew! That's bad ass and absolutely possible. You just have to be smart (or model smart people
)Anyway, I just wanted to point that out and get people thinking outside the box about the possibilities we all have. The world truly is your oyster ...
~Richard.
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