For many people, $100,000 a year seems like a big far off goal to reach in one year. Most people who are intimidated by the $100,000 figure have probably never worked for themselves, or they haven’t sat down to run the numbers to see what it would take to make that goal a reality.
Smart Formula #1 to make $100,000 a year
There are a couple of ways to break the goal down. If you take the $100,000 goal and divide by 52 weeks in a year, you get $1,923/wk, but we’re going to round it up to $2,000/wk. Divide that by seven days in a week, and you get $285/day. But of course we’re going to round it up to $300/day.
Think about the products you sell and how much they cost. Use that number to figure out how many people you need to help in order to reach your goals.
Smart Formula #2 to make $100,000 a year
The other smart formula is very easy to remember. It’s about the power of 1,000. If you produce 1,000 clients/customers and they each spend $100 with your business, you have earned $100,000. Build your network and your net worth will increase as well.