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Sunday, August 9, 2009

New Consultants Income - 3 Step Procedure to Calculate How Much You Will Make

When it comes to starting a practice one of the first questions is always, how much will a new consultant make? Almost every new business owner faces this same question with no certainty, but they go forward any way.

There is a very certain method to calculate your income when you start the business. It's an absolutely accurate system that you can use to calculate your projected income.

Use a Cash Flow Model;

Clients = Leads X Relationships X Conversions

1. Leads - lets start with discussing how your going to acquire your leads. I suggest article marketing, now if you write 100 articles and they get 50 views in a month than that's 5,000 views. Of the 5,000 only about 30% will go to your web page, that's 1,500 people.

2. Relationships - now if you work hard to offer value immediately to your web site visitors you're likely to get 30% to become subscribers thats 450.

3. Conversions - now if you offer products and services that your subscribers really want than your likely to convert 50% to paying subscribers that's 225.

Now, if you sell a $25 dollar product than you could expect $5,625 dollars income. Now the only real variables will be the exact percentages, and the time it will take you to go from lead generation to conversion.

When it comes to article marketing the percentages offered aren't very far off from many peoples real world experience, however you'll have to test this yourself. Next is the time it will take to receive your income, for many in the beginning stages of their business this may take anywhere form 6 - 12 months.

But the time it takes to go from leads to income would have shrunk and your system will be streamlined and have begun to gain momentum. You're likely to making $5,625 per month at that time, so as long as you continue to improve every step along the way.

Paul_Godines

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