Short YouTube comment/transcript from Eric Deeran offering a simple heuristic for hitting income targets: divide desired annual income by the price of your product/service to get required sales (example: $100,000 ÷ $10,000 = 10 sales). Also notes how to scale to $1,000,000 (100 sales) and suggests compressing yearly work into a month requires hiring a team to handle the workload.
Questions this video answers
10 sales per year.
100 sales per year.
Chapters
What's the easiest way to make $100,000 a year? You just have to calculate the math. So, number one, the easiest way to make $100,000 a year is figure out, okay, what is the thing that I'm actually selling? How much does that thing cost? Let's say that thing costs $10,000. If that costs $10,000, then you just have to make 10 sales a year to make $100,000. Now, let's say that you wanted to do a million dollars a year. Then you just have to sell 100 of those $10,000 things. It's literally just math. And I think not a lot of people actually do the math to figure out, okay, my thing costs this much money. I want to make this much money per year, and then just simply divide that amount of money by the cost of your thing. It sounds stupid simple, but a lot of people don't do it. And then if you want a really advanced hack, if you want to make what you make in a year in a month, you have to compress all of the activities that you're doing in a year into a month. And a lot of people do that, and then they realize that they can't physically do all of that work. And that's where you have to hire a team to actually start supporting you. So you can compress a year's worth of work into one month. What.
