Your Wealth Generation Formula, from $20 to $1Million

📚 Start with a valuable book, scale it into courses & a coaching program!
Step-by-step guide from $20 to $20,000 to $1 Million.

STEP1: Write a book with content that addresses the problems with the solutions your target audience is seeking and sell it for $20. To reach a million dollars in revenue, 50,000 copies would need to be sold.

STEP 2: Break down the book's content into a mini-course and offer it for $200 to the same customer base that purchased the book. By offering this upsell to the same customer base that purchased the book, the number of customers needed to reach a million dollars in revenue decreases to 5,000.

STEP 3: Create a mini-coaching program or course based on the mini-course content and offer it for $2,000. - This further reduces the number of customers needed to reach the million-dollar goal to 500.

STEP 4: Develop a high-value 'done-for-you' program priced at $20,000 as the ultimate offering in the product line. - With this offering, only 50 customers would be required to achieve the million-dollar revenue target.

00:00: Introduction to a wealth generation model consisting of four key areas.
00:15: Lead generation is the first area, focusing on attracting clients through solving their pain points and delivering pleasure.
01:30: Importance of having a core product; selling a book can lead to generating income if it has perceived value.
02:00: If a $20 book is sold, you would need to sell 50,000 copies to make $1 million.
02:30: Introducing a core product like a mini course for $200 reduces the required sales to 5,000 to reach the same income goal.
03:00: Transitioning to a premium offer can significantly enhance income; selling a product for $2,000 only requires 500 sales to hit $1 million.
03:45: The final stage includes establishing a continuity program (membership) that provides ongoing revenue.
04:30: Monthly recurring revenue is essential for creating generational wealth and financial stability.

Видео Your Wealth Generation Formula, from $20 to $1Million канала Ruben Santiago