One of the main themes espoused in the The 4-Hour Workweek is the idea that you should outsource all tasks that you can and automate all the rest, leaving your time mostly focused on strategy, business-growth, and handling escalated tasks that exceed the capabilities of the outsourcers. All this sounds great, and Tim Ferriss […]
Filed under: outsourcing | 1 Comment »
Following up on the last post where we identified the target market by identifying pricing and market size most appropriate for Bought Products, things get better when we observe the power of monthly revenue.
Ways to Make $5M a year - Take 1
# of Products Sold
Price Per-Product
Monthly Revenue
Consumables (3x per year)
1
$5,000,000
$416,667
$1,666,667
5
$1,000,000
$83,333
$333,333
10
$500,000
$41,667
$166,667
50
$100,000
$8,333
$33,333
100
$50,000
$4,167
$16,667
500
$10,000
$833
$3,333
1000
$5,000
$417
$1,667
5000
$1,000
$83
$333
10000
$500
$42
$167
50000
$100
$8.33
$33
100000
$50
$4.17
$17
500000
$10
$1
$3.33
1000000
$5
$0.42
$1.67
5000000
$1
$0.08
N/A
But, let’s take another twist. Let’s […]
Filed under: revenue | No Comments »
The more I read the book and think about how to apply it to my own life, the more I wonder about just who this four-hour work week is most appropriate for. For sure, if you have a product company that can operate on semi-auto pilot with subcontractors and outsourcers performing the responsibilities of fulfillment, […]
Filed under: Getting Started | 1 Comment »
