Grappling for that 100 grand. Yes it is a fight so many people bring to me. The question that has been asked of me probably thousands of times and that question is, how can I make six figures? That elusive hundred thousand everybody seems to be searching for. So on this #MammothMonday, the answer is imagination, perseverance and math. That is right, you have to be able to open that mind up to the world, want it badly enough and, you need some simple math skills. If your mind is open now, I am going to tell you how simple it can be.
I call it grappling for 100 grand for a reason and that reason is because you will be in a constant battle with yourself. You, as a human will look to make everything so much harder than it has to be and that will be the constant battle within. Open up your mind and imagine what you want and that will be your journey point. Then, I need you to realize that you are just playing one big game of math.
So, first you have imagined that 100 grand that you want to make each year. You want to be in the six figure club but you have no idea how to get there. Well, you have to take that imagined figure and start breaking it into manageable and much smaller pieces.
This example is where many of my clients begin and it is where most of you will begin and that starting point is your 40 hour work week. So, if you take the 40 hours per week that you work then multiply that by 52 weeks in a year, you come up with 2080 hours per year that you work (40x52=2080). Now very simply divide that 2080 into 100 grand and you get $48.07 per hour (100,000 / 2080 = $48.07). Look how we just chopped that 100 grand into a much smaller and much more manageable piece.
Now at $48.07 per hour isn’t that a much more doable number? Let us continue with our math conversions. First, for the sake of simplicity, I will now refer to this figure as 48 rather than 48.07. The next question is whether or not you have a product or a service that you can charge $48 for. If you do, then you only need to sell that product or perform that service 8 times per day. What if you only charge $25? Well then, you only have to sell two per hour or 16 per day. We can chop that down even smaller. What if you have created a product or a service that you only sell for $10? That simply means that you need to sell five per hour or 40 per day.
Can you see how simple and more doable your big dream is when you break it down into much more manageable pieces? It is perfectly fine and I encourage you to dream big just remember to take that journey point and learn how to break it down.
I wanted to post this because it seems to be an obsession point with so many people wanting to know how to reach one hundred grand per year. Well, grapple no more as the simplified answer is above. Math is going to be a major player in your life so get comfortable with it. This example can also be worked in reverse. Let us say that you sell an Excel template for $8. Now you are wondering how on earth you can make one hundred thousand dollars selling an $8 template. Well, if you take 100000 and divide that by 8 you get 12500. Then divide 12500 by 52 weeks to get almost 241. So, this is the number of units you need to sell per week. If you divide that by a 5 day work week you now have about 48 units per day to get rid of. You can chop even more. Let us say that you only wanted to work 8 hours per day. Well then, divide 48 by 8 and now you only have to concentrate on selling 6 units per hour. Some days you may want to put in a 10 hour work day and some days you may not want to work at all. All you have to do is keep your small pieces in mind and always adjust according to your needs and wants as long the Big Picture stays in focus.
Do you need some ideas to build that 100 grand business. There is a great book for you to borrow from your local library or from your friend called Shopify: Build Your Own $100,000.00 Online Business. It is a great place to start if you do not have a road map in place. If neither borrowing option is available to you, here is a link to get it from Amazon>> https://amzn.to/34UDpuL
If you choose to shop in Amazon, I would greatly appreciate it if you could use the link I have provided. As an Amazon Affiliate, it is possible I can earn a bonus and therefore continue to provide continued content we all enjoy. Thank you in advance!
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