How to Make an Extra $500 (Hint: It Depends on the Math!)

Published on June 29, 2018

You’re looking to make an extra $500 in your business…great! I’m going to show you various business models to help you get there. The math is important because you could sell a lot of things for a small price, or fewer things at a higher price, but what you offer (and therefore, the actions you take) changes as you go up the spectrum.

You could collect cans, fill out surveys online or become a “mystery shopper” and get to $500, but I’m not going to talk about those kinds of methods. I want to help you leverage the Internet and build a legitimate business that can help you get to $500 to start, and then scale from there.

The most important lesson is this: no matter which payment model you choose, you always have to start with one.

One target market.

One product or solution.

One customer.

It all starts with ONE. If you try to do too many different things, or serve too many different people, nothing will have the chance to help you.

Here’s a breakdown of this video for you:

0:30 – $1 x 500

2:28 – $5 x 100

3:27 – $20 x 25

4:47 – $50 x 10

6:08 – $100 x 5

7:27 – $500 x 1

Which one of these examples resonates the most with you? Let me know in the comment section below!

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Want to learn more about the smart way to make money online and start a successful online passive income business (without ripping people off or being dishonest)? Then make sure to visit the Smart Passive Income getting started page below:

http://www.smartpassiveincome.com/passive-income-101

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