Would you like to make £100,000 in a year?

For many people, the idea of making £100,000 in a year seems impossible.

But it’s not really that hard to do.

You only need to sell 1,031 products priced at £97 to make £100,007.

When you consider how many people use the internet on a daily basis, 1,031 is a small number.

Over a year, 1,031 sales is just 86 sales a month, or 19.82 sales a week.

Obviously you cannot have a .82 of a sale so we’ll round that up to 20 sales a week.

20 sales a week amounts to 1,040 sales a year which at £97 gives you £100,880.

20 sales a week is between 2 and 3 sales a day.

3 sales a day for a whole year is1,095 sales which at £97 per sale gives you £106,215.

You need to sell less if you sell products at a higher price.

For example, you would need to sell just 338 copies of a product priced at £297.

That’s less than 1 sale a day. So at 1 sale per day for a whole year, you would make £108,405.

Develop a product or service that costs £997 and you will only need to sell 101 to make £100,697.

Consulting and mentoring is a great way to make £100,000 because you only need 101 clients paying you £997 and you can do most of your consulting online and in groups.

I haven’t included any expenses or taxes in this; I have just shown that making £100,000 in a year is quite doable.

It’s simple math.

With online sales and digital products such as eBooks and courses, there are very little expenses to worry about.

Consulting, mentoring and coaching can have incredibly low running costs and expenses. This type of business can have a profit margin of 85% or more.

The hardest part is creating products and services to sell and finding customers to sell to.

But even that is now far simpler than it has ever been, it can now be done using just a smartphone.

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