A Single Sale is All You NeedLance Tamashiro
First off, I want to warn you.
This post is NOT for you if:
- are trying to "get rich quick"
- chasing the marketing dream of the "big hit"
- think "pushing a button" is a business model
Basically anyone who is not interested in building a long term, sustainable, REAL
This post is not for you.
Ok, with that out of the way, I want to share something with you that can dramatically change your business.
Too many of us get caught up in the hype, watching the big launches and thinking that we are all going to become millionaires overnight. (I know I did)
The truth is these huge launches are not something that the majority of us can duplicate. If you have ever tried to get even a single JV partner (forget about all of the online marketing world), then you know exactly what I am talking about.
The way that it happens for the rest of us is usually a slower, longer process. The good news is that this gives us an advantage and allows you to build the foundation for something that is truly long-term and can pay you passive income for years to come.
I still remember doing the "happy dance" about once a week when I made a single sale.
A SINGLE SALE!!!
I recently polled my list and asked them
"On average, how many sales do you make in a month"
Here are the results:
Now there are two extremely important points about these numbers that I want you to check out...
Just Get Over The Hump
There is a group of people that are still "learning" how to make a sale online. That is about half of the group.
Then there is a very few that can between 5 and 10 sales.
And finally another large group that has figured out how to make sales consistently every month.
My experience was that once I learned "HOW" to make a sale online, it became easy to duplicate and I made a major jump in sales.
Just like the poll numbers show. Once you learn "HOW", the growth gets bigger and bigger.
Plan For Your Success
Most people never add a residual component to their product. This is a HUGE mistake!
Here is what I mean.
I am positive that each and every one of you reading this has a $47 product in them.
You should also be confident that you can sell a single copy of that product each month (even if you have no idea what you are doing)
That means that over the course of a year, you could expect to make about $564 on that one product assuming you ONLY make one sale per month (12 x $47 = $564).
That's 12 customers, 1 time
What if you added a monthly, residual component to your product?
Now, each sale compounds and you can REALLY start building a long term business.
Suddenly over the course of 12 months those 12 customers are now worth $3666.00 (again assuming you only get one new customer per month).
Creating a recurring component to your product is simple to do.
What if you:
- Did a one hour call each month explaining more detail on your product?
- Used the questions from your customers to create additional videos?
- Updated the product each month with your new strategies?
I encourage you to take a step back from your business model and start to think about how you can maximize the sales that you are currently making and learn from the mistakes I have made with mine.
I can only imagine the size of my business if I had started with a recurring model to begin with.
So what do you think? Can you make a single sale of your product and build a truly passive income that will take care of you for years to come?