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Getting daily sales means nothing if this isn’t set up first and foremost. The economics of a job is usually an easy one but the simplicity of your earnings online can be a bit trickier for some. For e.g. If you’re applying for a job, they’ll make you an offer:
- $25 an hour
- $500 commissions
- $75,000 yearly salary
And so on. It’s a very cut and dry economics. Isn’t it? You need a certain amount of income to cover your necessary living expenses and anything below that, isn’t a viable option for you and your family. This same process should apply to what you’re doing online as well. You must ensure you’re able to turn a decent profit for whatever effort you’re putting into your business. Otherwise, it shouldn’t be considered as a viable option for you. Think of it this way:
- Advertising is necessary in order to automate your business and find new and consistent buyers
- Whatever cost your product or service is, minus the advertising costs to acquire that customer is typically your earnings potential, minus other business expenses.
For e.g. $250 to get a new customer. $47 a sale. Now, this is where economics don’t work in your favour. Of course, there’s a simple solution. If it costs you $250 to acquire a customer and you can find out your exact cost simply by researching the average and testing things out for yourself. Then, you simply must have offers above that price point, right?
The new success standard isn’t, whoever spends the less on ads wins. It’s whoever can spend the most on ads wins. If you’re earning up to $1,000 per sale for example, how many times would you be willing to pay $250 to acquire a new customer? As much as you possibly could, right? That is how you scale up to 6 figures and beyond by working harder and not smarter.
I hope that helps. Many just don’t truly consider the economics of this business and so it pays them like a hobby. A very expensive hobby at that. If you’d like to get not only up to $1,000 commissions but up to $4,000 commissions per month and if it makes sense and seems like a great fit for what you’re doing: