If you are stuck at the $2000 - 3000 a month level, how can you get to seven figures?

Hi Shay

I was reading through some threads by Eric Louviere the other day (I love his stuff) and came across this, which is perfect for the question you are asking.

Hope it helps

http://www.warriorforum.com/main-int...es-2009-a.html

James

Do more of what you are already doing. That's the simplest way to reach your goal. And if you are willing to invest then hire people who know more than you and use their skill and know how to make more.

the top guys sell high ticket items. start charging $5000 for coaching etc

Thanks Shay - These are great questions and I will be watching this thread. You always seem to be thinking the same things that I am. I was away from the forum for a couple months but it is great to be back and still seeing some of my favorite people posting.

I do like what BlogBrowser had to say and although I'm not making as much money I have to agree. I am still tempted to branch out and do all these little ideas I have in my head - but I have to stick to my current projects and expand them if they are working.

Just take what you did to get there, and do it again. Maybe in another niche thats not as saturated.

Thanks for the tip - I haven't tried any outsourcing yet which I'm sure is holding me back.

Hi Shay,

Just to keep things in the right place, I'll repeat my answer here:

If you choose a model that at best can only get you to a few grand a month, expecting more is unrealistic.

Most IMers don't take a realistic look at what they can achieve with the model they're working and they just do things that make 'something' and because they hear that others make a lot of money, they think that doing more of the same is all they need to do, but sometimes they're working models that just don't have the potential to get the results they want and need to either adapt it to expand its potential or realise this and supplement it with addition projects that in combination can get them there.

Unfortunately when most IMers realise their current efforts aren't going to get them there, they either ditch the model to start over again with a different one (thus negating all their previous efforts) or they just get disillusioned with IM and stop trying as hard (obvious what effect that will have).

To make more money you just need to be working a model that can scale and leverage many integration points with other revenue streams and potentially result in a long customer lifetime and value rather than just going for one after the other one-time sales and trying to keep the plate spinning - building on what you have, leverage and scalability are what make all the difference if you're already making a few hundred bucks regularly and want to ramp it up.

Andy

The simplest approach would be to create and launch more products. Anyone who's doing $3,000 a month is building a nice customer list, so why not create more things for them to buy?

Read the book "Ready, Fire, Aim" for lots of fantastic info on how to quickly grow a business.

Scale and balance. Is your current system working? What else can you add to it? Do you have to balance the workload by hiring, partnering, modifying business structure, outsourcing, working smarter?

I'm not at the magic 7, but this is what's in my mind for my next steps.

Hi Shay,

Maybe you should shoot to make 6 figures first, THEN when you reach that mark, make the move from 6 to 7.

You're basically asking how to go from $3K per month to over $80K per month.

That is an 2700% increase. What is your timeline?

It definitely is doable, but I would break your goals down into bite sized chunks.

You can't make 7 figures until you make it to 6 figures, so I would shoot there.

Make 7 figures a longer term goal and 6 figures more short term.

hope this helps
Jason

Hi Shay.

We're both heading in that direction.

I did personally study what big guys do and the difference is...

I have a project and they have a business.

Releasing product after product is not a business model because you have to come up new product every time.

Big guys have normally this:

front-end
backend
high-ticket backend
continuity
coaching and consulting.

Some big guys I did study are dan kennedy, russell brunson, and some big player in my offline niche.

They don't make money with front-end but with back-end products, continuity, and high-ticket product.

They start developing products from back-end to front-end, while small players (like me) focus on front-end.

Not to mention, they have HUGE list and have great relationships with other big players. Frank Kern recent launch will not be successful without the help of other big guys.

You can watch the video of Ryan Deiss in his continuity blueprint and that's another model that I am working on for this year.

- Jon