How to Build a Million-Dollar Business

Re:How to Build a Million-Dollar Business by martingordon on Thursday October 08, 2009 @01:30PM (#869475)

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

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Re:How to Build a Million-Dollar Business by atree on Thursday October 08, 2009 @06:31PM (#870137)

Hey 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.

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