| Candidate,
Check this out: | | | | A $4.95 product I sold recently. | | | | Almost a decade after launching this product, I STILL generate income from it -- automatically. I don't normally talk about how much revenue my business generates. But today, I'll share some of those numbers with you.
Which reminds me of a funny story.
When a major magazine was writing an article about me, they asked me to reveal revenue numbers. When I refused, they told me they'd cut the article if I didn't. ("Why?" I asked. "We have to know if you're important enough.")
So I said, "Is $1 million important enough?"
They hemmed and hawed and finally said yes, so I carefully adjusted my shopping cart to show the dates that revealed exactly $1 million and 1 cent. I know, I'm petty, but these are my small joys in life.
Suddenly they noticed the date range I'd selected. "How much in total?" they asked. I laughed in their faces. I've been trained by a lifetime of prying Indian parents to be an expert at NOT revealing things. Thank you, mom and dad.
And there's a simple reason I don't talk about revenue: I prefer to focus on your success, not mine. Not because I'm running a non-profit, but because if my students do well, my business grows. The way I've structured my business, your success comes first.
That's why I give away 98% of my material for free. And why I spend hundreds of hours sharing success stories about students building online businesses, finding Dream Jobs, paying off debt, etc.
When you win, I win. And if you don't, you ask for a refund and I don't put food on the table or pay my team. Simply put, your success is a better measure of how I'm doing than revenue. That's why it's in my best interest to build the world's best material.
Above, I showed you the $4.95 I made from something I created back in 2007. Do you know how it feels to get this email...over...and over...and over?
I know, it's less than $5, but think of the $200 products, the $497 products, the $997 ones, and on and on...
Here, take a look: | | | | | Those sales happened automatically. I was not involved whatsoever -- but my systems were.
Now forget about the $1,997 product and even the $197 product.
Just pretend you had an entry-level $50 product. (I'll show you how to build an amazing product soon, even if you don't have an idea yet.)
Just run this quick calculation in your head:
$50 product x 10 sales/month x 24 months = _____
That's $12,000.
$12,000 you could make, JUST from: - An introductory ($50) product
- Making only one sale every 3 days
- And completely stopping after 2 years
| | | | | Do you see how powerful your online business could be? What if you actually improved each of those numbers (say you created a more valuable product, or used my systems to increase how often people bought, or continued getting more traffic to your site for more than 2 years)?
Double each of those numbers ($100 product, 20 sales/month, 48 months) and you've got $96,000.
The numbers become incredibly powerful, and quicker than you'd expect.
But it's not just the numbers. I think it will be useful to share how I think about online business differently than a lot of people trying to launch something.
Today, I'd like to share one of my favorite articles with you. You'll learn: - The real role passion plays in building a successful online business
- The 3 key systems no online business can afford to ignore
- How to set up your business to virtually guarantee your product will sell
| | | | | -Ramit | | | | | |
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