A few years ago, a guy wrote a book called “The Number.”
I didn’t read the book, but got the gist of it from a friend.
The idea was simple: the author wanted to calculate how much people have to save in order to enjoy the same standard of living during their retirement.
For example, if someone wanted to retire at 55, how much would they need to keep the same standard of living until their death?
I don’t remember what the exact number was, which was the average that most people needed, but it was fairly high.I think it was over one million dollars. And since the book has been publish, I suspect the number would be higher.
I think you can come up with a similar “number” for doing what you love.
Can you figure out how much you would need, on a monthly basis, if you worked for yourself and made a living on the Internet?
You have to take into account some new factors. For example, perhaps that working for yourself will enable you to write off a lot of expenses, which will lower your taxes.
You might also be able to lower your expenses in other areas, such as all those business suits you will no longer need, and maybe you might even get rid of a car if you don’t need it for long commute (or simple spend less on gas).
Maybe you’ll also start traveling a few times a year like I do, in cheap places like Thailand where you can enjoy a great lifestyle for less.
I could easily imagine someone spending three months a year in Thailand, six months in North America, and maybe three months somewhere else, and spending less overall than if they stayed home the whole time!
In any case, you’ll come up with a number.
That number is your goal. That number is your target and the source of your determination.
Now the question is… how can you reach that number with your online business?
You could divide that number by a number of sale.
For example, let’s say that your number is 5000 a month. Then to get there, you might need to sell 500 items at $10 each, or only 50 at $100 each.
You can already see that it will be a lot easier to reach your goal if you have products that are priced higher.
What’s your next step?
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