Revenue seems to get a lot of attention in the online space. We hear about $10K months and we hear about seven figure success…
But what doesn't seem to get a lot of attention is the thing that we actually care about the most in our online business… And that is how much of that revenue stays in our bank account as PROFIT.
On today's episode, that's exactly what we're going to talk about. What’s the difference between the two and does it really matter? Let’s dive in!
>> At 2:09, I ask the question: Would you rather have a half a million dollar business OR a six figure business? One might sound “cooler” than the other, but it all depends on the amount of PROFIT you get to keep at the end of the year. What if you’re only bringing in 10% profit with that half a million business vs. 60% profit with “just” the six figure business? We break it all down here!
>> At 7:31, we get into some marketing math (with a quick reminder not to be swayed by manipulated numbers!) and we give you three places we want you to pay attention to in your business when it comes to profit and revenue.
>> At 18:13, after sharing with you the things to be cautious and wary about, we tell you what you SHOULD look for + practical tips to get you started in the right direction. Here is where you want to have your pen and paper ready to go!
FREE ORGANIC TRAFFIC CHECKLIST
Discover 30+ ways that successful online business owners everywhere are using to drive more traffic to their lead magnets and offers in less time so they can serve more people and make a bigger impact.
READY TO TURN CLICKS INTO CUSTOMERS?
One of the most important softwares we use in our business every day is LeadPages. We use it for carefully curated and high-converting landing pages + thank you pages, but there are so many things you can use it for!
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Snag a 14-day free trial when you go to rachelmcmichael.com/leadpages (the basic plan at $25/month has EVERYTHING you need!)
I know you’ll love Leadpages as much as we do!
And after you join with our link, contact us with the email address you used to register and we'll send you our highest converting landing page + thank you page for FREE- our gift to you!
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Are you subscribed to the Business With Impact podcast on iTunes? If not, I want to encourage you to do that today. I don’t want you to miss a single content-rich episode. Click here to subscribe in iTunes!
And if you enjoyed today’s episode, I would be really grateful if you left me a review over on iTunes, too. iTunes reviews get the message out about this podcast, and I love hearing your feedback! All you have to do is click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what you loved about today’s episode.
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I’m so grateful for you!