Is your money problem a price problem?

Crunching the Numbers: Pricing, Products, and Profit
This is an excerpt from my eBook: “The Easiest Way to Make Your First $1000 Online.”

I am always amazed at the fact that most entrepreneurs don’t sit down and crunch the numbers. Truth be told, it took me a long time to do just that, mainly because when you’re fixated on making money it’s easy to lose sight of how much money you want to make. Let’s crunch a few numbers. I previously discussed the profit potential of affiliate programs like Google Adsense. Did you know that if you figured out how to increase your traffic and optimize your Google Ads, you could generate a decent income from Adsense alone? If you earned at least $20 from Adsense a day, that translates into an additional $600 per month. And all you would have to do is focus on your keywords and your content, while building your traffic. More visitors mean more opportunities to generate an income from ad clicks.

Let’s crunch the numbers based on your products. Review the chart below to see how many products you would need to sell at a given price to reach your $1000 mark.

1. $1 x 1000 product sales = $1000
2. $10 x 100 product sales = $1000
3. $100 x 10 product sales = $1000
4. $1000 x 1 product sales = $1000

Based on the chart we know the following to be true: if you charge less you need more customers and if you charge more you need less customers. Think about the price points of your products. How many products must you sell at your desired price to reach your desired goal?

Crunching the numbers will help you better define your marketing plan.

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