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There’s a lot of important questions. You should know before you get started what your dreams and goals are. You’ll also need to know how much income you’ll need to achieve those goals.
I encourage you to write down your lifestyle dreams. It could be:
- Wanting to spend more time with your family. How much more?
- Wanting to travel more? To where and how often?
- Wanting to quit your 9 to 5 job. How soon?
- Wanting to buy a new home, car or other big item. How soon?
Then write down how much you need to make to achieve those dreams. Is it $30,000 per year, $50,000 per year, $100,000 per year or $200,000 per year.
Another important question is: What are your income goals and can the business you select support those goals? You’re never going to reach your business goals selling low priced and low profit products. The only way to achieve big financial goals is to sell high-priced, high-profit products. Products that can’t be found on Amazon or Walmart. Prices that cannot be commoditized. Products that can earn you commissions of 50%, 75% or even 90%.
If you have financial goals of exceeding $50,000 per year, think how long it would take you to your goals selling a $50 product with a 10% margin. How many would you have to sell? You’d have to sell 10,000.
If you sell products that cost $3,000 with a 90% margin, how many do you have to sell? 18. From 10,000 down to 18.
Here’s the good news. It’s not necessarily more difficult to sell a $3,000 product than it is to sell a $50 product. In some ways, it’s even easier.
If you want a home-based business that can support your goals, check out Click Funnels.