How To Get Past Your First $10,000

Welcome back to the list building lifestyle. I’m your host Igor Kheifets. And in this episode, we’ll be discussing a topic that many entrepreneurs struggle with: how to continue pushing through after your first win, you’ve earned your first $10,000 Congratulations. But what’s next, getting to the next $20,000 or $50,000 can be tough. We’ll discuss why it’s essential not to be married to certain ideas, but to always adapt. When it comes to selling products or services. Many people assume that the amount of effort required to sell a high priced item is significantly greater than the effort required to sell a lower priced item. However, this is not necessarily the case. In fact, in many instances, selling a $50 item can take the same amount of effort as selling a $500 item. We’ll also dive into why pitching a link when you send an email is always a good idea to advertise it, and why having a list of buyers to advertise to is crucial. Before we jump into the episode, I have a question: How awesome is my AI voice? Can we take a moment to appreciate the fact that an AI voice just introduced you to the list building lifestyle? If you’re as mind blown as I am, send us your thoughts at Igor dot top slash voice. So let’s dive into today’s episode and learn how to keep the momentum going after that first.

01:13

I’m Igor Kheifets. And this is the list building lifestyle. The podcast for anyone who wants to build a wildly profitable email list working from home. If you’d like to make six figures, travel the world and help people improve their lives in the process. This podcast is for you. I also invite you to claim a free copy of my bestselling book, the list building lifestyle Confessions of an email millionaire at www.igorsbook.com. Get the free book plus $3,000 bonus package that includes my best capture page templates, email swipe files, and traffic blueprints, visit www.igorsbook.com for details. And now it’s time to claim your list building lifestyle.

01:58

You know, there’s a lot of people who struggle with getting that sort of momentum or getting that first win even. And then once they do get that first win, they don’t know what to do next. And they and they kind of never break through. So are there certain level levers in your business that have helped you? Or is it a mindset thing? Or is it a strategy thing? What sort of insight can you give us?

02:20

So let me give you some practical insight and some mindset insights. So mindset wise, what gets you to your first 10k is not what’s gonna get you to first, you know, 20k, or 50k is going to be you’ll have to reinvent yourself, and you have to let go of some things and take on some new ideas in the process. So mindset wise, you just have to be really agile, and not get married to certain ideas. As far as practicality goes. First of all, building a list was critical because I was able to continuously grow that asset and learning to communicate with my list and doing it often made all the difference. Second thing.

03:02

I didn’t think that until that moment that I was making any offers in the marketplace, meaning I was signing up to a bunch of affiliate programs, but I never really did a great job of promoting them, or, or pitching them. Like I was really afraid to pitch anyone on anything to be honest, I kind of hoped that they would just look at my content, like my articles or something. And it just decided to give you all the buy link somewhere. Yeah. So I was really like I could actually be mailing the list and not pitching anything, which never happens today, you never see me email my database without a link to something, it has to be that you have to link somewhere. So that was important. Then another thing that ended up taking me from a relatively low four figure per month income as an affiliate to a much larger five figure income was creating my own offer and actually creating my own low ticket offer that allowed me to start building a buyer’s list. And there’s this way I learned that having buyers on your list can make a tremendous difference. It instantly doubles your income at the very least because you’re now generating much higher quality subscribers on your list. Now then once I hit multiple, multiple five figures, and to go to six figures in a single month, I had to add some high ticket products into my product line. So whether it was products that I owned, or products that were owned by others, but still paid high ticket commissions, that also made a tremendous difference, because, you know, I realized it takes me just as much effort to generate a sale at $100 as it does for me to generate a sale at $500 or even $1,000. So this was a really difficult concept to grasp. Like you really, you really don’t buy this without proof. In other words, like if I were to tell this and I did many times to somebody who’s selling low ticket

05:00

And I’ll tell them, hey, it’s gonna take just as much effort to get this $50 sale as it would for you to get a $500 sale, but you’ll get paid more money. They just don’t believe me, until they themselves try. And when they go through this process, and they see how easy it is, in essence, it’s not easy. It’s just the same effort, right? But if you’ve been, you know, consistently selling $50 items, and then you start selling $500 items, you’ll notice that your conversions sometimes might not even drop, if you do it right. And you will just make 10 times more money for every transaction. Well, guess what? How many transactions do you really need to get to 5k per month at $500 apiece? Well, that’s only 10. How many transactions do you need at $50? A pop to get 5k per month? That’s about 100 What do you think is harder to get 100 people paying you 50 bucks or 10 people paying you 500? Well, the answer is in case you don’t know listening to this podcast, it is getting 10 people 10 people to pay you $500 can often be much easier than trying to find 100 People with credit card in hand willing to give you 50

06:10

Thank you for listening to the list building lifestyle, get access to the previous episodes transcript of today’s show, as well as other exclusive content at listbuildinglifestyleshow.com. Also remember to clean your free copy of my bestselling book at www.igorsbook.com. It explains how I made millions with list building starting from scratch. Plus, I’ll give you $3,000 worth of free bonuses, including my best landing page templates, email, swipe files and traffic blueprints. Go to www.igorsbook.com now to claim your free package.