Why The Black Friday Annual Special For Wealthy Affiliate Makes Sense
I've just upgraded from monthly premium membership to the annual premium membership for one simple reason... it makes financial sense.
If you're here to build an online business, then you are going to need to start thinking like a business owner. A key part of being a business owner is something I refer to as:
Knowing Your Numbers
When it comes to knowing your numbers, one of the most important numbers to know is your fixed expenses, i.e. how much does it cost to run your business every month.
If you haven't done it before, I'd encourage you to write down how much you spend on running your business. Some things to take into account are:
- WA membership fee
- Any software subscriptions (e.g. I have an email marketing platform that I use exclusively for my online business that costs $15/month)
- Bank/payment processing fees
- Accounting fees
Pretty much any cost you incur to keep you online business should be tracked.Why Is It Important To Know Your Numbers
I'm going to assume that if you're here on Wealthy Affiliate that you have probably seen other internet marketers (definitely not here - but elsewhere) talking about how they have a 6 or 7 figure online business.
This doesn't interest me at all.
To explain why, let me ask you a question... would you rather a business that generates $1,000,000 in revenue but costs you $999,999 to run OR a business that generates $150,000 in revenue but costs $5,000 to run?
You see, the real benefit in business is not how much revenue you make, but how much profit you bank.So, How Does The Black Friday Special Make Financial Sense?
For me personally, I was on the monthly premium plan paying $49 per month, which equals $588 per annum. Now, my online business is pretty lean. I only have a few fixed expenses and my WA premium membership is one of them.
With all else being equal, I am able to reduce one of my fixed expenses by 49%, meaning that my monthly cost to run my business has decreased. Since I paid the amount upfront, it also means that my free cash flow each month is going to be more since I no longer have to worry about the ongoing payment.
It's a no brainer really...
I save 49% on one of my fixed expenses AND get to enjoy all the benefits that come along with being a member of this community. My cost goes down, but the services I get are exactly the same (plus the few added bonuses that were thrown into the Black Friday Wealthy Affiliate special offer).If You're Serious About BUILDING An Online Business...
... then this offer makes too much financial sense to pass up. Honestly, I run multiple offline businesses and have NEVER had the opportunity to reduce one of my fixed ongoing costs by 49%.
I'm assuming since you're here in WA that you ARE serious about building an online business that provides you with not only flexibility and freedom, but also profit. The Black Friday special is going to help you increase your profit without taking away any of your benefits.
The key word here is BUILD. It isn't going to happen overnight, but as you...
- Build traffic
- Build authority
- Build revenue
- Build profit, and
- Build cash flow...
... your success online will also build. If you're in it for the long game, then an annual subscription isn't going to be that long in the grand scheme of things.
Finally, as you venture further into your journey of building an online business, please remember...
Revenue is vanity. Profit is sanity. Cash flow is king.
With the Black Friday special you have an opportunity to increase your profit and cash flow... so you get to be a sane king (or queen).
Until next time...
... stay classy