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To build a million dollar business, you only have to convert 300K out of 30M, which is only 1%! Unfortunately, there are numbers less than 1%. It's entirely pos
by martingordon 17y ago
To build a million dollar business, you only have to convert 300K out of 30M, which is only 1%! Unfortunately, there are numbers less than 1%. It's entirely possible to only convert 0.1% or 0.01%. Are you okay living off of $100K? What about $10K (0.01%)?
See: http://sivers.org/1pct http://sivers.org/1pct
- atree 17y agoHey sivers. I mentioned it below, but throwing your marketing dollars entirely on the 30M probably won't be the best idea because you don't know your initial conversion ratios. You can try it on a sample size to get the ratios, and then build up gradually as you're hitting your numbers profitably.