How To Make $100k Profit in 12 Months
ok guys what's up it's scott and in today's video what i want to share with you is this here 100k 12 months earnings we're not talking about earnings we profit and loss don't talk about 100k in 12 months this is the plan i think It's going to work now and it's going to work in the future so if you guys are ready let's get it right so what I want to do here today is really clarify this because we recently went through this in our product discovery bootcamp which is really about how to understand how Find the
products but more importantly how to profit and loss build a brand within the market and you'll easily see how this can be done by creating a brand with just a few products, OK, so let me summarize it here number one, the first thing I want you to understand is that we talking about finding products that serve let me now show you what I mean here so let's just say we found our market and build a good brand so I will say this is our market ok but we are going to build a brand in that market ok now
what I want to have different color here now what i want to do is i want to find b Count that three different products from that brand, and within each of those products we want to make $100 up to $100 profit per day This is what we look to make per day for each product We want $100 profit now 'I've done the math if you want to go ahead and do By the math for it, but basically that's we're
talking if we go all together, we're talking three hundred dollars a day, ok out of these three now if we do quick math in 30 days, that's nine dollars ok, that's a month ok nine thousand a month now these are the earnings numbers Which I'm talking about after all the expenses. Our goal is to make a profit of $100 per product per day, three products we have our right brand that has the market service can be the fishing market we can sell different fishing things to one customer is “it is very
Low Competition Products
easy to find a product that serves the market and profit and loss then to find a product Another that serves the same customer and then find another product that serves that same customer, and if you can do that, you can focus on building the brand with three products that just started with three and then come up with a $100 profit a day that profit and loss will bring us to a hundred dollars if we spend 10 Only months,
and that's 90k of course we'll add two more because there are 12 months in a year that would take us over a hundred thousand marks a good profit now a lot of you are hearing these numbers I want to show you how to build a million dollar business and that profit and loss sounds great and all of that Except your margins I can say 'Build a million dollar brand, but the margins aren't that big of 10%, but it's still a
hundred thousand dollars but it's still not that great, but why don't we go after the number we want to end up with, okay? Oh, why don't we start there and make a plan to go after that number right There's something else that I've talked about a lot in the podcast and talked about a lot about in our classes, one of which was Product Discovery Camp and we talked about there's something called
A ten by ten by one strategy, which basically is yeah, I guessed it was $100 profit per product, so what we're looking to make is we're looking to make ten dollars for ten sales a day on one product, OK. Let's clear that part here again and just leave it here so we got ten right so 10 here represents that we want to sell 10 units just fine and that per day here is we want to make a profit of $10 per unit and that will give us If you get him down here he'll give us our bucks and that's just one
How To Make $100k Profit in 12 Months on Amazon
product that's fine so "what I want you to understand is a lot of people say like you know what I just want to make fifty thousand dollars a year do half of that I want to make a hundred thousand dollars a year do this right three products after ten by ten in one well again I just wanted to jump in here and kind of clear it up for you you might want to come back to watch this again because that's all for me when it comes to multiplying the number Target now profit and loss if you want this to be a good
200,000 the answer would probably be six good products and then you keep hitting that number 'much easier when we look at this and then we also talk about finding a market and then building a brand within that market and when profit and loss you focus Now on this market on that brand, it will become easy very much getting to that number because you are not everywhere ok so now at this point i
want to ask you a quick question and i want profit and loss you to do something for me i am going to drop a comment below and i want you to tell me does it make sense does this sound like something you could do And if not, tell me why you don't think you can or maybe something didn't. It makes sense to tell me that in the comments the other thing is to subscribe to this channel if you want more
videos like this More training hit the subscribe profit and loss button on this page or go ahead and also click the Bing button here and you will go ahead and you will receive your notification when we publish new videos or when we go live on YouTube all the right guys so hopefully this helps you make it happen and as always profit and loss we'll see you You guys are in the next training
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