This round, I am going for an extra $100,000 in a month. How I am suppose to do $100,000 a month?!?
Well, head over to my product pricing calculator, punch in the number, you will get the followings:
In the SaaS model, I am not aware of monthly subscription with price point ranging above $1,000 a month. I am not saying they are not out there, I am just saying I am not familiar with them. So, to make it easier to achieve, instead of limiting myself to one price point. I would have a portfolio of the following price points.
To a consumer, these number feels a little high in terms of what a regular consumer encounter encounters in his daily life. These will means:
- $100 mobile telephone bills.
- $200 utility bills.
- $1,000 luxury car lease payment.
- $2,000 mortgage payment.
In the book “The Secrets“, there is a chapter that talks about money. It said I should turn every bills into cheques. Take the bills and add a zero to each and think of it as cheques you receive. It’s a major mind bending exercise. But in reality, it just handed me the key to the prison of my mind. You see, this is exactly what it means.
Every bill I pay, it is someone else’s cheque!
All I need to do is to be the owner of the cheque I pay to. In the above example, I will need to be the owner of a mobile telephone company, utility company, car dealership, real estate developer. Ha, that’s it! Well, that’s another prison door that I have broken through.
One Time Product Model
For one off product, I can tell you that these are manageable goals. For examples:
- 5,000 units of an App or portfolio of apps with $20 worth of in-app purchase.
- 3,000 units of $33.33 entry information product during the launch week.
- 500 units of a $200.00 software in an annual discount sales.
- 300 units of $333.33 information products in a platform sales event.
- 50 units of $2,000.00 3 days seminar/workshop.
- 10 units of $10,000.00 mentorship program.
Tell me your stories in the comment section below.