15 April 2024

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Business Plan – How to Unlock the Treasure Chest in 5 Easy and Magical Steps

3 min read

Are you ready for the thrills of chase your keep brilliant chest of gold? Adventure-seekers, what you’ll scarcity is a map that’ll aegis model you to the riches. Play the “Show Me the Money Treasure Hunt Game” to map out how you’re going to find the guide that cede expand your income and unlock your gem chest of gold!

Business Plan – How to Unlock the Treasure Chest in 5 Easy and Magical Steps

Business Plan - How to Unlock the Treasure Chest in 5 Easy and Magical Steps

Do you own an income goal in temperament that you’d like to obtain over the successive 12 months?

Now, conjecture how many products/services you obtain to sell, at what price, on a monthly and yearly ground to secure your income goal If you’re like most people, at this point, the waters beginning to muddy up and your daydream of how you’re going to obtain the goal becomes less clear

By playing the “Show Me the Money Treasure Hunt Game”, you’ll stop down a big income goal into feasible chunks. This helps you “get your captain around” how you are actually going to accomplish the goal, manufacture your chances of following much higher.

Here are the 5 practicable and *magical* steps to move the “money” game:

1. Write down your income goal for the subsequent 12 months

When formulating your income goal, further surmise about your desired lifestyle, capital obligations, as well as how much monetary you want to salvage and invest to build wealth

As an prototype to ruse this game, let’s thicken an income goal of $125,000

2. List the products you currently instance for sale, and at what prices.

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Simply make a list. When forecasting the revenue for your business, you’ll dearth to consider each of the different products and services you offer, as well as what charge you are selling them You can move this disabled if you obtain 1, 3, 5 or 15 products or streams of income!

For our example, let’s suppose you name 4 products and services:

* An e-Book for $37

* A multi-part e-Course for $57

* A workbook and CD thicken for $197

* 1-on-1 coaching services for $350 per hour

3. Ask yourself, “Can I augment the prices if these products?”

Playing the cash game is a sake occasion to review the prices of your products and services. You absolutely don’t privation to be leaving pecuniary on the table if your products are as interest or correct than competitors’, but you are charging much less money

Check out your competitors’ prices for alike offerings, and “bump up your prices” a nibble (if you can) to increase your income

4. Play the pecuniary game.

Draw 4 columns on a piece pf paper. Label them, from left to right:

* Product or Service

* Units to Sell per Month

* Price per Unit

* Annual Product Sales

List each of your products and prices underneath the filch headings. Then, wittily multiply the unit of products you forecast to sell, times the emolument of each product, times 12 months By doing this you “map out” how much you posses to peddle of each product to earn your income goals

The prettiness of this defective is you can experiment with different quantities and prices of products to see what the result bequeath be on your income; in our example, $125,000

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5. Implement a marketing system

To unlock your jewel chest of gold, playing the “money” crippled isn’t all you obtain to do to enlarge your income You’ll also have to cede to implementing a marketing fashion to fashion advantage in your products, and nurture traffic to your openwork site/offline activity so those sales can become achievable

Playing the fiscal lame makes your wish of “how” you are going to secure your income goal tangible. It is furthermore a substantial device to throb your progress on a monthly motive toward reaching your income goal

Copyright 2008, Bonita L Richter

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