# Formula for Income Multiplication

15 replies
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The true definition of income is:

Income=Value x Time x Scalability

In short, to increase your income basically you just need to increase anyone of the variables on the right that is the value or the time or the scalability. But to massively increase your income you must increase all three variables which are the amount of value you create, the time you spend creating value and scalability factor. Scalability, simply, is about doing what you do in a bigger way.
• It depends how you define the first variable Value. Because if you want to assign a true value to Value, you must do this: total value - "cost to produce" = Value

Also, the second variable Time is an element of the "cost to produce".
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• Honestly, I consider the variable Value to be the most important. As, the more value you produce for your readers (if you own a blog for instance), the more traffic you'll get and people are going to really appreciate your efforts.
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• Felisitie let us see some income proof. Prove your worth.
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• That's a good idea Randall!
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• According to yourdictionary.com the true definition of income is "the amount of money received by a person, group or company during a certain period of time."

I'm just gonna sip my tea on this one lol
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•  let us see some income proof.
Just give me a couple minutes to browse Google images, I'll have some killer screenshots of massive sales!
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• Problem is that my online income = \$0 right now... Just starting out my career working online, though!
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• What does scalability have to do with anything?

If I had a source of income that made me \$10 million a month, I couldn't care less that I could not make it go to \$11 million a month. I'd just start another stream.
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•  Originally Posted by felisitie The true definition of income is: Income=Value x Time x Scalability

Certainly, you are entitled to your opinion.

I don't share it . . . not after what I've seen from working in online business since the late 1990's.

Value doesn't have to be a component of income. There are many, many products that sell very well but have almost no value. And conversely, the Internet is littered with valuable products that no one purchased simply because they were not marketed or were marketed very poorly.

Time doesn't have to be a component of income either. In fact, many of the top IMer's suggest that they have optimized their selling systems to the point where they make more money and are working less hours per week than ever!

To me, Scalability is a strategy, a method, a tactic that some employ when a selling system is set up to produce a predictable outcome. I don't believe it is a universal core ingredient necessary for income. There are quite a few businesses that are profitable yet "scalability" is not an option. In fact, some income models are built on the fact that they can't be scaled like that of a copywriter, or an artist, or a consult. They are "in demand" and their income often goes up because not everyone can have access!

Just my thoughts derived from personal experience of the long haul . . .

Steve
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Steve Browne, online business strategies, tips, guidance, and resources
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•  Originally Posted by felisitie The true definition of income is: Income=Value x Time x Scalability In short, to increase your income basically you just need to increase anyone of the variables on the right that is the value or the time or the scalability. But to massively increase your income you must increase all three variables which are the amount of value you create, the time you spend creating value and scalability factor. Scalability, simply, is about doing what you do in a bigger way.
So, no marketing required then. That should save some time.

.
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•  Originally Posted by felisitie The true definition of income is: Income= (No of Sales x Unit Price) - (Fixed Costs + Variable Costs)
I've fixed the equation for you (assuming income is being used as a synonym for profit)
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•  Originally Posted by felisitie The true definition of income is: Income=Value x Time x Scalability In short, to increase your income basically you just need to increase anyone of the variables on the right that is the value or the time or the scalability. But to massively increase your income you must increase all three variables which are the amount of value you create, the time you spend creating value and scalability factor. Scalability, simply, is about doing what you do in a bigger way.
Gee the sig spammers are getting complex theses days
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• [quote=Joe Ray;10597691]It depends how you define the first variable Value. Because if you want to assign a true value to Value, you must do this: total value - "cost to produce" = Value

For me i have found only 2 ways to create value to my clients;
# help them reach their goals faster and more easily
#help them to solve their problems faster and more easily
there maybe more ways...

[QUOTE=Frank Donovan;10598927]So, no marketing required then. That should save some time.

Marketing comes in on the scalability because if you want to increase your income you must market your business in order to get more clients
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 Originally Posted by DABK What does scalability have to do with anything? If I had a source of income that made me \$10 million a month, I couldn't care less that I could not make it go to \$11 million a month. I'd just start another stream.
you are right... if you are content with what you are making and do not want to make more or increase your income then scalability is not important...

 Originally Posted by Regional Warrior Gee the sig spammers are getting complex theses days
Thank you all for your contributions appreciate. Correct me if i am wrong but i believe this platform is for sharing ideas, food for thought and discussion, its unfortunate that you feel you need to attack me.
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• You missed the last part of what I wrote. You can start another stream of income, if one is not scalable.

Plus, income is money in, after all expenses are paid... It's income even if it's less today than if it's less than it was yesterday... even if the possibility of it being more is less.

[quote=felisitie;10599176][quote=Joe Ray;10597691]It depends how you define the first variable Value. Because if you want to assign a true value to Value, you must do this: total value - "cost to produce" = Value

For me i have found only 2 ways to create value to my clients;
# help them reach their goals faster and more easily
#help them to solve their problems faster and more easily
there maybe more ways...

 Originally Posted by Frank Donovan So, no marketing required then. That should save some time. Marketing comes in on the scalability because if you want to increase your income you must market your business in order to get more clients . you are right... if you are content with what you are making and do not want to make more or increase your income then scalability is not important... Thank you all for your contributions appreciate. Correct me if i am wrong but i believe this platform is for sharing ideas, food for thought and discussion, its unfortunate that you feel you need to attack me.
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• Settle pettle when i wrote that post i was kidding as I did not see any sig for some reason it did not come up
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