Set Up Budget and Goals for your Site
When you become comfortable and content on you having a product that you think will benefit your customers. Than you should be thinking of a away to set up your goals in this order….as the following
*How can I gain more customers to add to my profits
*What steps that will help my business skyrocket
*How many sales do I have to get to be profitable
However, some online marketers will try to set their goals considering the lack of stats. For starters, try to put into count some normal expense…like where will your offices be located. I suggest setting up your work shop in some part of your home. It could be an table in the corner or in an extra room. you have to take into account on having business cards printed up, sand setting up an advertisement monthly budget. Here’s an quick run down of my astonishing Web marketing plan for you.
What Financial Goals are Set?
There’s not just one way of build an profitable business anymore. You no longer have to guess on marketing facts that will or will not work. Now a days you can make up any monthly income you desire to make. Coming up with an reasonable budget will be your only dilemma, you will have to put together an real game plan that have realest numbers. I put together this simple outline that will give your some accurate numbers you can go by.
1. How Much Money you want Annually
To put this into language terms, how much money do you want your bank account to collect in a12 month period? I tell people please try to be realistic on this goal, because don’t expect to make $500,000 in one year. It’s possible but not realistic, so keep it simple. I will say write this number down on some sticky paper and post it in all the places you will be.
2. Add the AVERAGE SALE VALUE (ASV)
To add up (ASV) you must take the average sales of the products that are sold, divided by numbers of sales made. By getting that average sales value, it will give you an overall number that will give you an desire future gross revenue.
However, you are a newbie to the game of marketing, so this mean you will probably have only one product you will be selling. I will say don’t worry too much about that, you will add more as time go alone in time. I started with my Google SEO Magic which made me over $53,000 in 2006. Then I came behind that and released Antonio’s Millionaire Secrets in the mid to late 2007, in which to the date has made over $678,000. This past summer I release my new project How 2 Dominate Google Adwords program, and it’s has swelled to over $95,000 already in 5 months.
I even developed two free eBooks, the first I wrote back in 2005….I called it Antonio Millionaire Marketing eBook. Finally early this year I released an preview short version of PPC Secretes Untold.
By saying that, in time you will add more an more products so be patient.
Frankly, by having all these products running at the same time, I still will have a (ASV) even if you have more than one product.
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3. Average Sales Per Day
Now if you have WordPerfect, Excel Spreadsheet or whatever data chart that you can use with your computer. You will need something like this to setup your Average Sale Per Day. Lets say your goal is $1 Million in gross sales in a year.
Check out this outline where “DR” is the desired revenue, ASV is the Average Sale Value, and SPY is Sales Per Year.
DR / ASV = SPY
OK..lets put these equations together to see exactly how you can target yourself to explode to $1 Million dollars in one year. I will give an example of an $27 product or eBook. To reach that magic number, I will have to sell 37,037 products or eBooks over a year spanned to reach a million dollar mark. Basically that will break down to 102 sales per day. Remember that things will expand up and down, especially for new programs hitting the net. Just be patient and keep the numbers game here in mind.
Just keep in mind these will be your starting numbers to selling your program. Take into account that you can cross sale, up sell and get back in sells to enhance those profits.
Arriving at your goal of $1 million is not an out fetch number, but for you to get there must know how your going to make it there. Frankly,… you will have to figure out how much good quality traffic you will need to become an millionaire.
The next blog will be center around on how to calculate your traffic projection.
Stay Tune
About the Writer - Antonio Coleman is the Founder and Creator of TrafficColeman.com. Antonio have took his online marketing experience of particularly in Link Building, Web 2.0, Search Engine Optimization (SEO), Video Programming Marketing and more.. Follow me on Twitter @TrafficColeman but not too close.
Read about Antonio Coleman’s rough Internet Marketing Bio
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