How many dollars per hour must you profit to earn $44,000 a month.
Did you know? Your blog on an average short month works the 720 hours available in 30 days. To earn $44,000 per month your blog needs to generate $61.11 per hour in profit.
If you pay to advertise you need to set a budget and work towards increasing your earnings to provide that amount of profit in each hour. Advertising can be expensive but it is hard to scale the hours of one human being, that was until AI increased the ROI of Sweat Equity.
In the old days you would sett a budget for advertising and target for ROI. example would be a $100 budget needs to return 161.11% ROI to profit $61.11. You would then set out to optimize your ads to reach this ROI or Return on Investment and then scale up by increasing ad spends. By the time you invested $72,000 per month in advertising you would have $44,000 a month in profits from ads alone.
Sweat Equity is your physical labor, and it too has a cost. You need to earn your cost of living plus a minimum profit you decide on for every hour you work. If you work 25 hours a week or 100 hours in a month you need to earn enough to cover the hours you don't work and still leave that $61.11 an hour in profits. The more Sweat Equity you have in the less advertising you will need for the same goals so think about that when you plan to not work a day on your business.
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I'm so sorry Guys ! A very serious problem of net work interruption faced me this week. Unfortunately, there wasno net work service in our region in our region for the last three days & now too. So, I hope that you understand and wait for me to turn back to as soon as it starts operating .
Understood we live in a rural community and until we got StarLink Internet we had bad network issues every time the wind would blow.
Solid breakdown Andy. I always think it is important that people set a financial goal for themselves, then break it down to daily income.
I have always worked in "days", as an online business works for you 24 hours per day, and there is profit potential 24 hours per day. Once you get it in place, the passive nature of this business really starts to work for you.
Great share here!
The smaller breakdown on the numbers helps imagine how realistic these targets are. Like you said the business works 25 hours a day so you don't have to.
Recurring income from subscriptions and memberships can help keep the mindset moving forward. Scalable upward and onward.💰
Definite, if you have residual income it allows compounding so you climb faster to this goal.
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I cannot reach this limit due to limited income to pay for advertising, so I just focus on writing good content to rank on 1st page of Google search results and social media. The figure of earned income you mentioned is a dream and can turn into a personal goal.
So we will list you along with me in the Sweat Equity team.