Whenever I'm trying to make a certain amount of money, I draw a variation of this table -
1 x 1,000,000
10 x 100,000
100 x 10,000
1,000 x 1,000
10,000 x 100
100,000 x 10
1,000,000 x 1
Where's the easiest place to hit on the chart? Depends on your skills, your industry, lots of things. But you start noticing interesting trends.
I reckon the $10,000 and $100,000 part of the spectrum is the one most overlooked today... five $100,000 contracts is $500,000.
But again, depends on your skills. A million sales of $1 apps isn't so crazy either.
The chart works more accurately when doing net profit than gross profit, but of course, net profit is harder to figure out upfront. Doesn't include taxes, so if you want to keep the money you've got to figure that too.
But overall, I like drawing those tables and thinking this way. Here's a few ways to make $30,000 for instance -
1 x $30,000
3 x $10,000
6 x $5,000
10 x $3,000
100 x $300
1,000 x $30
10,000 x $3
30,000 x $1
Play around with it. It's a lot of fun.
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