How to leverage time and make more money. Most small eBay Amazon Sellers don’t realize the secret of a 6, 7, or 8 digit business is simply the power of just ONE product.
Transcribe of “How to leverage time and make more money”
I’m a self-confessed numbers geek
Hey guys, Neil Waterhouse. Yes, I’m a self-confessed numbers geek. I actually love getting new numbers, especially with spreadsheets and crunching away at numbers. I even have a spreadsheet for my model aircraft, my model planes, so when I fly them, I record how many times I fly them. My wife thinks I’m pretty crazy for doing that, but each to their own!
Crunching some small numbers
Anyway, what I want to get to is, I wanted to show the power of just crunching some small numbers, because a lot of people just don’t realize, a lot of sellers don’t realize, what they’ve already got. I’m just on the way back from doing presentations for the eBay, Amazon groups here in Australia. I’ve explained to a lot of small sellers, and they just don’t realize how close they are to having six, seven, eight plus digit businesses. Now you really only need to get excited about this one product. Now, let me explain.
Leveraging your time to make more money
If you have say, just one product that’s making you know, say, $10 profit per sale, and it sells just say, once a week. So it’s a new product, unless it’s a drop ship product, it sells just once a week and it makes just say, $10 profit per sale. Obviously that’s $40 per month, or to be exact, because there’s 4.3 weeks in a month, so that’s $433, sorry $43, per month. Now, if you just take that one product, and work it, okay, how did you get that product? You’ve researched it, you’ve found that product, you’ve listed that product. If you leverage your time, because this is the secret, is leveraging your time, using virtual assistants that cost you one to two dollars per hour, that’s the way that you build your business up, that’s how you get to your six, seven, eight digit businesses, by leveraging your time.
And a lot of people think that it’s all about, I’ve got to work harder, I’ve got to work harder, no. It’s not about working harder, it’s working smarter. Leverage your time and make more money.
It’s just, learn how to find just one product, get that product listed, get it optimized, get it sold, and then just leverage it out. Sit there, crunch the numbers. So you know, if you already have a business already, sit down and crunch those numbers. And you know, what if, you know, if you’ve got one product, you’ve got five products, ten, 100, whatever you’ve got, work at, double it. Whatever you’re doing now, double it.
Being able to leverage time
How much would you be making then? Then double it again. Two, four, eight. And then start putting some zeros on and play with it. That’s what gets me excited, is just being able to leverage time and get excited about it. So it’s not about working harder, it’s literally working smarter. So, that’s all I’ve got for you this week. Please scroll down and leave me a comment below. Until next week, list more, sale more, this is Neil Waterhouse.
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Thanks Neil, as always, words of wisdom.