Self-Employment Ideas
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| Most people think that if you sell something that yields thousands of dollars in net profit (before taxes) ... or something "affordable" with a small profit margin ... you have it made! |
Think about it for a minute. There is more to it than that.
If it's that profitable, do you seriously think that you will be the only one interested in making that kind of profit? The competition will be huge and fierce. Trust me.
But there is a way to beat the competition. You have to know how to evaluate a given self employment opportunity. More on this in a moment. Help is coming.
A Simple Calculation...
On the internet, for example, when catering to a well targeted audience, one can expect an average conversion rate of about 1.5%. It is a commonly accepted ratio.
| In other words... |
In order to make a net profit of $1000 (before taxes) per week...
selling a product or service yielding a net profit per sale of $1...
at a typical conversion rate of 1.5% ...
... you will (statistically) need to get 66,666 individuals to have (at least) a mildly interested look at the product and/or service you are offering ... per week!
If you make $100 net profit per sale, you will need only 666 targeted pre-focused visitors per week.
| How do you get 666 people per week to visit your place of business, let alone 66,666? I'm coming to that. First, let me complete my argumentation. |
Small profit margin? You will need a tremendous number of potential customers.
Large profit margin? You will need to overcome tremendous competition!
The odds against any of your self-employment ideas becoming profitable appear insurmountable, don't they? Relax. The key word here is not "insurmountable" but rather "appear". There are ways to deal with any reasonable profit margin.
Furthermore...
If what you sell is in high demand, chances are that you have competition - many other businesses competing for a piece of the action.
| The higher the demand is for a product or service the more competition you will have to overcome and the harder it will be for you to... |
Stand out above the crowd.
Convince (presell) your potential customer that your product and service are better.
Persuade them to buy!
Help!
All self-employment ideas require paying customers to be worth your while.
Obviously you are going to need reliable help if you really want to go into business. If you try, alone, to make sense of countless conflicting theories and opinions you're doomed before you start.
You could take business courses at your local college or university. But unless they teach the SBI! 2.0 business building process ... you will otherwise learn a lot of theory and be no further ahead in knowing how to put it all into practice for profit.
This is why more than 30 colleges and universities around the world offer business courses based on the SBI! 2.0 business building process, because they recognize its effectiveness.
| For help that has been proven extremely effective for tens of thousands of successful small and growing entrepreneurs around the world, look no further than SBI! 2.0. |
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