When we start a home based business, it is so hard that we will have to work to achieve our goals.
Ask yourself The 10K Question.
‘How many active advertiser/distributors do I need in my business to generate a walk away residual income of $10k per month?’
500 up to 30000!
It is interesting and we like it for several reasons.
1. Leaves out your products. Don’t get into discussions like ‘My blog is better than your money making plan!’
2. Avoids discussion of attrition rates and the commitment levels of your team. Avoid discussion of “Active“.
3. The phrase ‘walk away‘ makes us investigate our policies and procedures to make sure we can actually retire and pass our business on to our children’s children.
4. The word ‘residual‘ makes us evaluate how much money we will profit from retail or wholesale sales, not just from recruiting.
5. The big figure of $10k makes us think bigger and Aim higher.
When we start a home business, however, we rarely ask that question, and we should! If we started a job or bought a traditional business, we would know our salary or the income projections from the previous owner.
We may worked for five years in a business and discovered it is too late that it was going to be almost impossible to reach our goals. If you do not know the answer to that question in your present business, find out before you waste five years.
Link to this pageOriginally posted 2009-05-15 11:08:12. Republished by Old Post Promoter
Related Posts - Work, But What Suits Your Needs For people who are keen on working, and earning an income but cannot or do not wish to get into...
- How To Launch A Blog Writing Business Anyone with desire to learn, and a small bit of talent, can start a blog writing business. As a matter...
- Make Money Online With Affiliate Programs. I continue speaking about the points you should fulfill to make real money from the affiliate marketing. I do not...
Related Websites - How Much Money Exchanges Hands in a Single Stock in Just One Minute One of things that still baffles me about the stock market is the vast sum of money that exchanges hands...
- How To Think Like A Millionaire The book "The Millionaire Next Door" by Thomas Stanley and William Danko is a great read. The basic theme of the...
- Book Review: Downsized But Not Defeated I borrowed this book from the library not because we are having to downsize, but rather to get a perspective...
