Jan and Pia Baconga

When deciding between whether to market high or low ticket products here are some things to keep in mind… 🤔

First set a monthly income goal (Let's say $10k per month) 💰

Then calculate how many sales are needed to get to that goal. 🧮

Low ticket average commission = $25 🥹

(400 sales x $25 = $10,000)

High ticket average commission = $2500 🤑

(4 sales x $2500 = $10,000)

The other consideration is the amount of time you need to invest to make those sales… you’ll spend the same amount of time marketing a low ticket offer as you do a high ticket offer. ⏰

So... would you rather have to make 400 sales or 4 sales given that it takes the same amount of effort to make 1 sale? 🤯

Last thing is to research the current market saturation for each product as well as the forecasted growth over the next few years. 📈

We chose a high ticket offer with less than 1% market saturation with a projected growth forecast of 7% over the next four years (3.4 billion in revenue). 😱

WHY YOU NEED MULTIPLE STREAMS OF INCOME 💸💸💸

With as much uncertainty as there is with job stability in the world, it blows my mind to think that everyone doesn’t see the need for a second stream of income. I actually prefer more than two streams, but at a minimum two is better than one.

One of the biggest traps that new entrepreneurs fall into is endlessly trading their time for money. At some point, you need to set up some passive income methods that share your knowledge around the clock. This can look like online courses, funnels, membership sites, ebooks, and affiliate marketing just to name a few examples.

One reason that you want to do this is to increase your overall earnings, but it gives you options if one particular avenue isn’t generating much revenue. Part of the massive appeal of entrepreneurship is freedom over your time, but that will never happen without a steady stream of income.

Here are my big takeaways for why you need multiple income streams:

It’s fun 🥳

It will increase your overall revenue 💰

There is more stability in diversification ⚖️

Transitioning from active to passive income will give you time back ⏰

The Power of Automation for a Successful Online Business

⚙️ Enhanced Efficiency

Streamlines repetitive tasks, freeing up time for strategic activities.

🎯 Consistent Customer Experience

Ensures timely responses, improving customer satisfaction.

📈 Scalability

Manages increased workloads efficiently as your business grows.

💰 Cost Savings

Reduces operational costs and minimizes human error.

📊 Improved Data Management

Handles large volumes of data accurately for better decision-making.

📬 Boosted Marketing Efforts

Automates campaigns, ensuring timely and targeted outreach.

🔄 Seamless Workflow Integration

Integrates business processes for improved operational efficiency.

⏰ 24/7 Availability

Provides uninterrupted service to customers globally.

🌟 Focus on Innovation

Frees up time for developing new products and strategies.

🚀 Embrace automation to transform your online business and achieve lasting success!

♥️