"Six-Figure" is like the holy-grail online...
*and you'll still be broke as shit*
(the biggest lie online)
I want to let you know that if you're an Entrepreneurs and you're making less than $250,000...
You're broke and you're playing WAY too small.
#sorrynotsorry
Let's do some simple math.
A lot of people think $100,000 is a lot of money.
Okay... so, if you're generating $100K -- and let's say you do something without any type of huge expenses (you're selling coaching)...
By the time you pay yourself (at least $60K)...
By the time you pay taxes...
By the time you pay for a subscriptions and business services...
You're left with about $15,000 profit...
and you get to work 12-14 hours a day and worry every moment of the day.
Not fun...
So, let's go to $250,000 for a minute...
And let's assume you still only pay yourself $60,000.
That's $190,000 left...
Now, at $250,000, you're using lead generation... let's assume you're spending 15% to generate leads...
That's now $152,500 left...
Add another $12,000/mo for subscription services...
You're down to $140,500...
Now pay the accountant, lawyers...
likely the coach or mentor...
And you're at $120,000.
Now, the chances that you're doing $250K without at least paying another employee $50-60,000 is unlikely...
So, now you're at $60,000...
before tax.
And you're still only paying yourself $60k...
*facepalm*
Doesn't add up does it? - $500,000 a year...
- Have an audience of at least 1,000 that listen and will buy from you...
- and at least 2 team members to run your business
- (operations/project manager + customer service/community)