The Million Dollar Business Continued…
You may recall a post I had a couple weeks ago about a Million Dollar Business and what it looks like, and the different ways it may be able to come about. Well, now that 7 Day Info Products, is wrapped up for the most part, I’m going to be pulling a couple more things from out of my sleeve.
I’m going to start a new venture and see if I can’t figure out a way to generate $5,000 within 60 days from today. It’ll be a stretch to take something from something to nothing and make that much, that quickly, but I think I can do it. I’ll be updating you all here along the way. It absolutely ties right into TheInfoPreneur, but with a twist.
Now, envision this for me….if you were able to create a site which produces $7,000 per month of income, relatively passive income each month, how much would it be worth??
Well, $7,000 X 12 Months = $84,000 per year. $84,000 per year???
WHAT if. What if someone was wanting to earn an 8% Cash on Cash – Return on Investment?
That would put a cash value on that cashflow stream of right around $1,050,000. Hmmm…I could live with that. 
But Brandon…
I know…I’m a dreamer. But that is what keeps me going. I don’t think what I’m looking to do is impossible. Really. Possibly it’ll turn out to be a real stinker and disappoint, but at least I’ll know what doesn’t work, and sometimes that is half the battle.
And again, like I had mentioned on the previous post, if you shoot for the stars and only reach the moon…that’s not too bad either. Aim high, and strive to meet your goals. If I miss my goal by 50%…I’m still looking at $3500 per month of pretty passive income. Would be fairly steady. Will be starting on this new project tomorrow. Should be interesting.
Or what if I really bomb it, and put 4 straight weeks into a project and it “only” makes $1,000 per month? Again, that is $12,000 per year without really doing much of anything.
Talk soon InfoPreneurs!
Brandon
PS.
Is it easier to generate $1Million dollars in cold hard cash? Or a CashFlow Stream of XXXX per month, that someone else is willing to pay you $1MM for ?? It’s really an interesting concept when you begin to think about it.
Tagged with: brandon yeager • infopreneur • TheInfoPreneur
Filed under: Information Business • Information Seminars
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Very interesting Brandon. good luck with it.
I love the way you look at making cashflow as opposed to capital. Its funny how most poeple think in terms of capital, which I dont think is worth as much as cashflow (passive) theoretically
funny you mention that…it’s actually cashflow that sets us free….not the cash, though most of the time we can’t see that. BUTTTTTTT, it’s usually the chunks of Cash that allow us to get the chunks of cashflow….which sets us free. man…what a rats nest.
I’ve really been looking at some cool stuff and know I can create some cool cashflow streams. Just finally getting the time to start putting stuff together to test them.
B
Twitter: fitnessphp
says:
$7000 of passive income a month is actually my current goal for my own site. I’ve got a lot of ideas tied to making this eventually happen, but have a really long way before I get there. Anyway, this whole venture of yours seems mighty intriguing, so I’ll keep an eye on it for sure!
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Hey Noel,
I know it’s crazy…and this may sound indecisive….but I was doing keyword research tonight found I was missing a golden opportunity. I think I found a low competition set of 4 keywords (all related) that have an SEO Value of $2500/ DAY. There are about 150,000 competing pages for this niche…that’s not a lot of competition for the SEO Value. So…if I can rank in top 10 and prove that Google’s stats are matching up closely to actual….Man…this niche could be worth some BIGGGGGG bucks. It’s definitely worth me putting some time into testing.
This is in addition to the other venture I was talking about.
We’ll see….it’s all good and fun! THAT is what life is about.
Brandon
Twitter: fitnessphp
says:
“We’ll see….it’s all good and fun! THAT is what life is about.”
Too true, Brandon, all too true! Good luck!
When you break it down it doesn’t seem nearly as overwhelming.
Think about it, if you wanted to make $1mil you could break it down to:
A little under $2800 a day.
So what if your average order was $100? That means you’d only have to sell to 28 people a day. Not that bad in the big picture.
Then look at your market – there are MILLIONS of people out there that have interests in your niche with more coming online each day.
Factor in offline methods and a million doesn’t seem all that difficult anymore
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