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

I used to think that learning how to create wealth to the tune of $10,000 monthly was unheard of. And then I recently listened to a webinar that spells out a formula that actually makes sense…

How to Create Wealth Step One: Getting a Clear Intention…

You need to have a clear intention of how much you want to create. For the purpose of demonstrating this formula, I’m using the figure of $10,000 monthly. It’s important to use daily visualization by imagining yourself at a future date, but thinking of it as present, being sure to pay attention to the feeling you have when you actually see this much income flowing into your bank account on a consistent basis.

How to Create Wealth Step Two: Determine your Outcome…

If you have no idea how much your income goal is, there is no way of attaining it. You can’t just move blindly in your business and “hope for the best”. You have to have a plan – strategy that will take you closer to your goal as you progress. And remember, it’s not necessarily just the outcome that makes a difference… it’s the journey…

“The major reason for setting a goal is for what it makes of you to accomplish it. What it makes of you will always be the far greater value than what you get.”

– Jim Rohn: American entrepreneur, author and motivational speaker

How to Create Wealth Step Three: Determining the Number of Sales you Need…

Take the monthly figure you desire and divide by 31 to get your daily expectation of creating wealth. In this example, $10,000 divided by 31 = a goal of $322.58 daily (we can round this up to $325).

Take this figure and work backwards to determine how to create wealth in your own business. For example, in my business, I know that statistics reveal that one out of every 40 people who watch the sales video will decide to buy on the spot.

Now, I also need to do a little research in my own business to figure my own upselling statistics. Why? Because this will give me concrete figures to move forward with. While the average person who decides to buy will generate me a $25 commission, I know that one of every three of these people will upgrade to the $100 monthly program, giving me a commission of $125 monthly. One in five of those people will elect the $500 product, and one in ten will buy the $997 product.

So to figure out average commissions, let’s work backwards from a 30-sale point. 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 round that to an average value of $258 commission for each sale.

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

How to Create Wealth Step Four: Determining How to Get the Sales…

Judging from my own statistics, I know that one in every forty people who watch my video will decide to buy on the spot. So, to get 40 sales a month, I would need to find a way for 1600 people monthly (52 people daily) to watch my sales video. And how to I do that? Well, this brings us to step five for creating wealth…

How to Create Wealth Step Five: Determining Prospects…

The easy way, of course, is to simply buy leads. However, this is not always very cost effective, especially starting out. Some people pay as much as $5 a lead, depending on their marketing strategy, and this would cost $260 daily to get 52 leads!

While many people choose paid marketing strategies, I elect to use free marketing – blogging, article marketing and videos – to bring in my leads. Assuming you want to go this route as well, let’s determine how to get those 520 people daily to reading your blog posts and articles, and watching your videos. (520 visitors is based on my own 10% opt in percentage for my content to produce 52 leads.)

How to Create Wealth Step Six: Determining Lead Flow…

This is where keyword research comes in. You don’t want to waste your time blogging about stuff that nobody wants to read! You can determine the potential visitors to your site by accessing the free External Google Keyword Tool at ‘Google.AdWords.com’ and click on the link “keyword research tool”.

Determine the number of people searching for your “keyword phrase” that you’ll be using throughout your content. For example, I know that the keyword phrase “how to create wealth” gets roughly 590 exact match searches monthly, or 19 searches a day. This knowledge tells me that if I can promote this content to rank on the first page of Google, I can expect about half of those people (10) to watch my video or reach my article or post, and 10% of those people (1) to become a prospect.

So in this scenario, this particular piece of content for the keyword phrase how to create wealth should yield me one lead daily. How do I get 52 leads daily? Simply put out more content for other keyword phrases – 52 pieces of content each yielding one lead a day will give me 52 leads, which generates 40 sales a month which equals an average of $10,000 monthly. Your future for creating wealth is now in your hands!

Success Formula For Dynamic Living

Through the years I have read countless books (at times 2-3 a month) on Personal Development, Motivation, Self Improvement, Entrepreneurship, Autobiographies of Successful Business People, Tapes etc and everyone tells or sells the same or similar advice. I was always inspired and hungry for more knowledge and I soaked up the information and teachings like a sponge but it left me with the question? What is Dynamic Living actually and can we attach a formula to this? The writing of this article is the culmination of all the abovementioned, hours of reading, information and quotes gathered from all these books. I am no expert in all these areas but merely trying to put things into perspective. My sincere wish is for all of you to take some value out of this article.

Before we even try to get to this Magic Formula of Dynamic Living, we need to start at the beginning. The beginning of Planning!

When we go on holiday, what do most people do, we Plan our trip, don’t we! We need to know where we are going and what we are going to do! What do pilots do before they fly? They plan the route. They file a flight plan from point A to B and possibly C and they make sure that they know where they are headed and in which direction they are going, not so? Would you fly with an airline if you knew that the pilots had no clue how to get to your destination? No you would not!

The same Planning applies to our Business Pursuits and our Personal lives. If we Fail To Plan, We certainly Plan to Fail! If you can’t manage yourself properly, you won’t be able to manage all of the necessarily planning and management tasks that we need to do to be successful on a daily basis. Nothing of the above is possible and you will certainly fail if one of the Main Ingredients I. e.: Motivation and the Want to Succeed is not within you!

I have come to the conclusion that the Success Formula for Dynamic Living is: “A Life Filled with Joy, Happiness, Free of Fear, Worry and Directed Positively at Setting Goals and Planning Effectively”.

The Success Formula for Dynamic Living is the following:

DL = GGE + PS x PSI

Dynamic Living = God Given Equipment + Principle of Self x Proper Self Image.

Let’s break each component down and analyze them further:

God Given Equipment:

-It’s a known and medical fact that we only use approx 5% of our potential.

– We are all geniuses! Yes we are! Believe in Yourself!

– By using the art of Positive Programming we can achieve the unimaginable – If we program with Garbage In – We get Garbage Out! If we Program with Positivity In – We get Positivity Out!

– The experts say that it takes approx 28 days to change a bad habit and replace it with a good positive habit. Believe me, this is not difficult to implement and make a drastic change for the positive in your life.

– We all have tremendous natural ability! We just need to use it!

– Well, what are you waiting for!

Principle of Self:

– The Principle of Self – is the art of looking inside oneself and have the courage and will to change and better oneself.

– Principle of Praise – Don’t criticize yourself and everyone around you on a daily basis. Look for the good in everything in your daily life. Positively compliment people and events. You will feel and become a better person by following this advice.

– Principal of Vacuum – Get rid of that vacuum in your head for what you don’t want to make room for what you do want. Get rid of the excess baggage and negativity and replace it with positivity. Talk to yourself, motivate yourself. It is OK to do this, nobody will think your are stupid or crazy. If you constantly reaffirm you can, you will. If you constantly reaffirm you can’t, you won’t. The choice is yours!

– Principal of Creation – Define it, Write down your goals, and Plan your journey. Focus on the Present and the Future. By dwelling in the Past, we are all courting danger and unhappiness.

– Principal of Faith – Believe in Yourself and what you do. Believe in the Higher Hand of our Creator. Trust yourself and your ability. Nothing is impossible to achieve.

Proper Self Image:

– Look at yourself positively.

– Eliminate the inferior complexes.

– It’s about how you view yourself.

– Don’t worry about other people’s perceptions – Focus on your own!

In closing:

Now that you have read the Successful Formula for Dynamic Living, I would like you to do the following:

– Write down on a piece of paper what you dislike, what troubles you have or are faced with, all your worries, all your heart sore and every little thing that bothers you!

– Once you have written them down, read it out loud to yourself or to an audience.

– Take the piece of paper you have written on and make a paper airplane out of it.

– Hold the paper aero plane in your hand, blow with your mouth all the positives into the engine ( back ) of the paper aeroplane, throw and release the paper aero plane and let it keep flying higher and further releasing your troubles and letting your positivity and success soar higher and higher!

YOU CAN DO IT!

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