There are lots of posts about making money, building online businesses, etc.  They are literally a dime a dozen. Coincidentally, I would make a strong wager that most people teaching how to make oodles of money online, don’t.  It’s so easy to be a “faceless” person in the online world, that you really don’t know who to believe or trust.  An advantage definitely goes to bloggers in that regard, because, let’s face it…there aren’t many places they can hide.

Anyway, I digress.  I’ve been doing lots of thinking over the past week or two about what it would take to build a million dollar per year NET income business.  It kills me to see copies of checks being flashed, and people talking about how they had 1 or 5MM in sales.  Who cares.  I could show you a check tomorrow for $100,000 and make it look like I earned it somehow.  It’s a bunch of bunk.  Along those lines, $5MM in “profits” doesn’t mean squat either.  What if their overhead and operating costs ran $4.9MM.  Is it worth taking on a risk of $5MM in profits to net $100K?  No way (At least not in my opinion.)

So, what would it take?  And if any of you have one, please feel free to help us all out.  Provide a comment.

  • Envision It

I don’t want you to envision money here.  I don’t want you to think about a pile of 1Million Dollars sitting on a table.  I want you to think about the things you could do with it.  You know, vision board stuff.  Money doesn’t make anyone happy.  It is the things we can do and buy with it.  Build an orphanage, buy a yacht, pay for a parents stay at Children’s hospital, provide pizza every day for 1 week for your local fire department, a nice home owned free and clear, a Ferrari, whatever.  Envision the things that having a 1 Million Dollar in 1 year business could do for you.

  • Plan For It

If you don’t plan for it, your chances of obtaining it are….well, about as good as the Pittsburgh Pirates winning the World Series this year.  What would you need to do?  How many items would you need to sale?

- Make 28 ($100 sales per day) for 365 days.  Or…make an ebook, or info product, make (56) $50 sales per day.

- Host 4 Internet Marketing Bootcamps over the next year.  Charge 250 at each one $1,000.  You have your 1MM.

- Produce a product that sells for $500.  Get on people’s webinars and offer your product.  If you can convert 20% of the online audience…that means you need to talk to 10,000 people on webinars. To talk with 10,000 people over the course of 1 year via webinars would not be hard.  Man, you could do (2) 1 hour long webinars per day to 250 people each, and be done in less than 3 weeks !!!

  • Build It

Now, once you’ve thought of the varied ways of achieving your goal…make a plan for it and take action.  That’s exactly what I have been working on in the background.  Figuring out how to strategically produce massive amounts of cash by using 1 thing:  INFORMATION.

I’ll share with you my struggles and triumphs along the way.  What is working and what isn’t working.  It is entirely possible.  You must be believe it first though, and then you can achieve it.  If you don’t think it’s possible, you will never get there.  Once you believe it’s possible, devise a plan.

What if you fail ???

Please define failing for me.  What if you are only 20% successful in your quest?  You completely missed your milestones, screwed everything up, and only hit 20% of your net profit goals?

That’s $200,000.  Yeah, it’s not where you wanted to be, but I can guarantee you that if you develop a system that can produce $200,000 per year in net profits, you can systematize enough things to make $1MM per year, in quick fashion.  It may not be easy.  You may have to learn new things, but you have a system that produces profits that merely needs to be replicated.

Ahhh…..that’s my rant for today.  Hope you enjoyed.

Brandon Yeager

Creative Commons License photo credit: aaron.bihari

What do you think?  What are you doing to achieve your financial goals?  How would your business look?  What IS working for you?

Tagged with: • • • •

Filed under: Information Business • Motivation • Starting Out

Like this post? Subscribe to my RSS feed and get loads more!