The Million Dollar Formula... #shorts

15 Jun 2023 · 1 min

Watch on YouTube

0:37

A short YouTube clip (Capitalism.com) presenting a simple business "million dollar formula": sell 3–5 distinct products, each achieving 20–30 sales per day at a $30 price point, which yields roughly $1M annual revenue; start by building an audience of roughly 10,000 engaged people and offer them products to buy. The clip emphasizes that a very large audience is unnecessary if 10,000 people care about your message.

Questions this video answers

3–5 products.

20–30 sales per day.

$30 price point.

Approximately 10,000 engaged people.

Chapters

I say this formula because every time I say it, people are like, whoa. And it's three to five products. Selling 20 to 30 sales per day at a $30 price point is a million dollar business. And that requires you to have three to five products that are good enough to sell 20 to 30 units a day at a $30 price point. Now, the way that you kick that off is by having this much audience. This much. That's all. You don't need to have a million people. If 10,000 people care about what you have to say, do not deprive them of the opportunity to buy from you.