Minimum Required For Profit
To better understand Profit and Profit Methods, let’s start at the very beginning. You could lookup the word Profit in the Wikipedia and find a long two part definition of economic vs accounting. I’ll leave that for you to do if you like, but I want to keep everything as simple as possible for you. I suggest we start with a business transaction:
What do you think is the bare minimum required to have a business transaction? Is it traffic? How about a list? Maybe a customer? A “must have” product? A Sales Letter?
The answer in its most simple form (but so often missed by those starting out) is that you must as a minimum have both an “offer” and a “buyer” to conduct a transaction. If you receive from the buyer more than it cost you to present the offer, then you are in a profit situation. That “Profit” is what you want to create. The steps you use to create the profit are the “Profit Method” we will be discussing in this blog.
Does it stand to reason that your objective is to have the fewest number of steps possible and to automate the greatest number of steps possible in order to be the most efficient?
But, forget efficiencies right now. And, let’s forget about buyers for now. Do you at least have an offer prepared and available? If not, then there has been no opportunity for you to have generated any income (much less profit) at this point. No profit can be generated before an offer is ready.
The point I want to make is that any time spent in any areas other than preparing an offer is just adding to the time necessary to begin profiting on the internet.
To Your Profits,
Frank
Elite6MprofitMethod.com
