Episode 42: How Many Customers Do You Need To Make 100K?
Welcome to season 2 of Net Worth It Podcast. Has it really been a year since I heard God telling me to start this podcast as I laid awake at night? No I am not crazy and yes sometimes God prompts me in specific ways. You can hear all about that encounter in season 1 episodes and what I did about it. I still have the original note in my phone that I typed up when I woke out of a dead sleep.
Season 1 was full of stories of people’s success journeys, financial tips and tricks and a lot of mindset. So if you are reading this and haven’t taken advantage of those episode gems-start there. I am forever grateful for the foundation that was laid and all the guests who helped do that.
Season 2 is going to be a lot different and I cannot wait for you to be apart of it. I realized at the end of last year that tidbits each week wasn’t helping you to take action. You felt inspired and made some minor adjustments to your thoughts-but you didn’t REALLY take that much action. I respond to every DM and email and what I heard over and over is that you still aren’t sure what to do with pieces of the puzzle-you need the whole puzzle put together to see it. We are going to put the puzzle together this season.
Today’s episode starts with me introducing my very own mentor, Allison. She has been behind the scenes working with me for 3 years and we are going to record our private coaching sessions so you can see start to finish how to make money in a legacy enterprise. No matter what your business is, the coaching you will see Allison do with me WILL apply. In this first episode we talk about how to actually map out what amount you want to make this year and how to break that down into months and what it will actually take in customer volume. For those of you in our business and wanting the math on our equation, it is this:
Annual amount / 12 months = Amount per month
Amount per month/$54 = Number of cycles per month
Number of cycles per month x 900BV= Amount of BV per month you need
Amount of BV per month / 125 (average customer basket order) = Number of customers needed each month
Now for many of you listening who aren’t in my direct business, you don’t need those numbers-but a large percentage of the listeners are and I want to serve them with these numbers. If you are a hair stylist, a realtor or even have an Etsy store- you can use this same concept and we talk about how in the episode.
Here are some highlights of the episode:
How to break out how many customers you need
Having a long term mindset and how to stay focused over time
How to work full-time in your business for 9 weeks of the year without quitting your job
Book references: The Slight Edge, High Performance Habits
How to talk to 730 customers in a year with ease
The three keys to success
How to create duplication in your business
Showing people greatness in themselves
Words to stop saying about your customers
The magic of customers coming into your life with ease
How many customers do you need each month?
Join the discussion in our Facebook group this week about this week’s episode and this topic.
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