| Did you know...
There are 8,760 hours in a year.
And if you’re trading “time-for-money”...
You would need to earn $114 for EVERY hour of the year to make $1 million in income.
Which of course doesn’t account for sleeping, eating, or going to the bathroom, much less having any kind of life.
$114… Every hour... 24/7/365.
Now according to government records, only 1.5% of the population makes $100 an hour or more…
Which caps most of those people out at about $200K for a 40-hour week.
And since only 0.0000001% of the population actually works every single hour of the year (that one person being Gary V)...
You are NOT going to make a million bucks as a “worker”.
In order to hit 7-figures trading time for money you would need to charge $500 an hour for 40 hours a week (or $5,000 an hour if on the Tim Ferriss 4-hour plan).
Those numbers should smack you in the face if you think you can “grind & hustle your way to wealth”.
Slaving away and fulfilling orders yourself, pitching clients, or doing every coaching call… just won’t work.
That’s why you need the leverage of products and services delivered through others.
With those in place, the path to 7-figures becomes much simpler...
It means selling twenty-four $114 products per day (8,760 in a year).
For example, we sold 26 of my Millionaire Morning routine courses last Wednesday (plus add ons)... that’s just over a million-dollar run rate.
If you add more value and double your product prices up to $250 — now you only need 4000 sales (about 11 per day) to hit 7-figures.
But wait... what if you sold a $1,000 product?
Now you need just 1000 sales at $1,000 (about 3 sales per day, every day) and you can make a million bucks.
If this kind of math gets you excited, that’s a good sign!
Now I know what you’re thinking...
“But Craig, my products are lower priced... or I run a high-volume services company... what about me?”
Not to worry.
In 2014, one of the best years in my fitness business, we sold 60,000 workout courses at an average cart value of $40.
That’s $2.4 Million... $40 at a time.
PLUS we had 35,000 people on a $7 recurring revenue program for at least four months.
Adding another $1 Million (roughly)... from a $7 product.
Recurring Revenue is a vital component of solid, stable businesses…
That’s why we’re even seeing GIANT companies like Microsoft, Adobe, and Apple following this lead.
Here’s a few other Recurring Revenue options:
- 500 members at $197 per month in your gym - 2000 people on your $49 a month T-shirt subscription box package - 1000 people in your $250 a month continuity program for at least 4 months (which means you only would need 1000 customers (aka a “Tribe of True Fans”) in a year
The possibilities for generating wealth are nearly endless when you understand how to make the numbers work in your favor.
That’s why I ALWAYS pay close attention to the numbers… and do millionaire math.
And it’s why I consult people like my good friend Rob Hanly to do advanced millionaire math for my business, and the businesses of my clients.
When you focus on your numbers AND think like a millionaire…
You can extract cash from your business in ways you’ve never imagined.
The best part is, this works for virtually every kind of business.
It’s just a matter of finding the right “equation” to hit that 7-figures.
If you want help finding the millionaire math that will work for YOUR business…
… And installing the habits, systems, and strategies to actually make it happen…
Then just REPLY back to this email with the words “Millionaire Math” and we’ll get you all the details.
Success Loves Speed,
Craig |
