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## How to Create Wealth: Formula for Generating $10,000 Monthly

I always thought learning how to make $10,000 a month was unheard of. And then I recently listened to a webinar that explained the formula that actually makes sense…

How to Create Wealth Step One: Finding a Clear Purpose…

You need to have a clear goal of how much you want to do. For the purpose of illustrating this formula, I am using the figure of $10,000 per month. It’s important to use the daily visualization with a future day in mind, but think about it now, making sure to pay attention to the feeling you get when you see that big income flowing into your bank account on a regular basis.

How to Create Wealth Step Two: Determine Your Outcome…

If you don’t know what your income goal is, there is no way to reach it. You cannot blindly go into your business and “hope for the best”. You need to have a plan – a plan that will bring you closer to your goals as you move forward. And remember, it’s not just the result that makes the difference… it’s the journey…

“The main reason for setting a goal is what makes you achieve it. What it does for you will always be worth much more than what you get.”

– Jim Rohn: American entrepreneur, author and motivational speaker

How to Create Wealth Step Three: Determining the Number of Ads You Need…

Take your desired monthly number and divide by 31 to get your daily expected wealth creation. In this example, $10,000 divided by 31 = a daily goal of $322.58 (we can round this up to $325).

Take this diagram and work backwards to see how to create wealth in your business. For example, in my business, I know that statistics reveal that 1 in 40 people who watch a sales video will make an immediate purchase decision.

Now, I need to do a little research on my business to get my sales statistics. Why? Because this will give me concrete numbers to go forward with. While the average person who decides to buy will generate me a commission of $25, I know that one of these three people will upgrade to a monthly program of $100, which gives me a commission of $125 per month. One in five of these people will choose the $500 product, and one in ten will buy the $997 product.

So to find the average commissions, let’s work backwards from the 30th market. Thirty sales = ($25 x 30) + ($100 x 10) + ($500 x 6) + ($997 x 3), or $750 + $1000 + $3000 + $2991, or $7741 for 30 sales, divided by 30 = $258.03 each. Let’s convert that to an average cost of $258 commission per sale.

Looking at this scenario, I would need 38.76 sales per month (or 1.25 sales per day) to equal a monthly income of $10,000, or a daily income of $325.

How to Create Wealth Step Four: Determining How to Get Marketing…

By looking at the numbers myself, I know that one out of forty people who watch my video will make an immediate purchase decision. So, to get 40 sales per month, I will have to get 1600 people per month (52 people per day) to watch my sales video. And how can I do that? Well, this brings us to the fifth step of wealth creation…

How to Create Wealth Step Five: Setting Expectations…

The easiest way, of course, is to simply buy guides. However, this is not always very expensive, especially to start. Some people pay up to $5, depending on their marketing plan, and this would cost $260 every day to get 52 leads!

While many people choose paid marketing methods, I choose to use free marketing – blogging, selling articles and videos – to bring my leads. Assuming you want to go this route, let’s look at how to get those 520 people a day to read your blog posts and articles, and watch your videos. (The 520 visitors are based on my 10% opt-in percentage of my content to generate the top 52.)

How to Create Wealth Step Six: Determining the Lead’s Flow…

This is where keyword research comes in. You don’t want to waste your time blogging about things no one wants to read! You can determine potential visitors to your site by accessing Google’s external keyword tool at ‘Google.AdWords.com’ and clicking on the link “keyword research tool”.

Determine the number of people searching for the “keyword phrase” that you will use throughout your content. For example, I know that the keyword “how to get rich” gets about 590 direct match searches per month, or 19 searches per day. This information tells me that if I can promote this content to be placed on the first level of Google, I can expect about half of those people (10) to watch my video or access my article or post, and 10% of those people (1) ) to be a prospect.

So in this case, this piece of content for the keyword phrase how to make wealth should give me one daily guide. How do I get 52 leads every day? Just putting more content on other keywords – 52 pieces of content each generating one lead per day will give me 52 leads, making 40 sales per month equal to an average of $10,000 per month. Your wealth creation future is now in your hands!

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