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Originally Posted by kane
Let's do some basic math.
We will use the numbers Doc gave that said you could easily make 300K per month with a paysite if you send 100 sales per day. But let's be conservative. Let's say it is 200K and let's say in the first 12 months you bring in 2 million dollars from that. The second 12 months you bring in 2.4 million. At the end of 24 months you will have 4.4 million in the bank. You invest that into safe investments that bring in 6% return each year and that is 264K per year. If you collect that money for 8 years that means 10 years from today you will have earned 2.1 million off the interest and still have the 4.4 in the bank so you have 6.5 million dollars.
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he wants me to do all the operational changes and cover the cost out of my share
so there is absolutely no way that is going to be true.
remember the 5k each is the profit i am making, because the base fee covers the cost of doing all the training setup.
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You said yourself most of your "clients" will bring you in around 5K per year so in order to get 6.5 million in the next 10 years you will need to get 1,300 clients and those clients will have to produce you 5K per year as you have planned.
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there is no cancelation, since it a percentage so there is no need to replace old clients.
new clients is all i have to worry about aquiring.
each time i teach the class it grows bigger.
so it an arithmatic sequence (5+10+15+20+25.....)
so that kind of growth is not that hard.
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They will have to produce that money every year without fail for the next 10 years. This is not to mention that 3-4 years from now the technology could change again and this system you are selling may no longer work. Or these people may decide to go in a different direction.
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first of all the building blocks are interchangeable/recombinable so the number of income streams is massive.
i have only taught 20 blocks so far out 543. Every year i keep discovering new blocks, and new combinations.
as a result the average income has been growing with each year. i don't see a problem with hitting those numbers
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You said you can "train" about 30 clients per week. That means it is going to take you 43 weeks just to get the clients. I don't claim to be a genius, but finding 30 clients per week, showing them what to do, babysitting them as they try it and make mistakes and have you guide them through the process and get them to where they are earning you your 5K per year sounds like a lot of work. Not to mention that just because you teach 30 people per week doesn't mean all 30 of them will be successful or will earn what you would like. Many of them will fail.
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your talking about my time vs support peoples time.
i teach because if questions come up, you can't really have they guy say i don't know i will have ask someone in the company.
when the support and hand holding stage comes around, that kind of statement is ok.
as they answer question, as the bank of faq answers get built up they ask us less and less.
that why i only teach one new module a year (it generates n! new potential revenue streams so that may slow in the future).
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You yourself said earlier in the thread IF you can get about 1500 people you could teach in front of classes of 100 or more. This is a lot of IF's. To me the offer Doc is providing would require you to work hard for 1-2 years then coast and live very comfortably for the rest of your life if you want. But you claim to want to pass it by because you have a better plan that all hinges on IF.
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docs offer is an uphill battle even if he did it my way.
each building block can combine together with each other building blocks to create new revenue streams.
each one of revenue streams have to perfectly balanced in a nash equilibrium.
Now granted i know some that work already (because of testing) and i know some that logically should work (because of what i have learned during the teaching and refinement process) but there is a lot of work i need to do.
it was worth it, mainly because the membership stuff that could be learned if we work together could add new building blocks to teach (muscians don't have membership sites like you guys do so adapting them to their market would create new revenue streams)
but doc took those advantages away in his re-write of the deal.
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But in the end, let me ask you this. Why not bring someone else into the fold? Why not find someone and teach them what to do, work with Doc and you show them how things work and let them do the grunt work and you give them a percentage of what you earn. If you are earning 2 million a year from this offer them 400K. You will find a lot of people who will bust their ass for 400K per year. This frees you up to do your other stuff and it allows you to cash in on this deal and shut all of us up. So why not do this?
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the money offered is less than what i can get from any affiliate program i want at any time. with no agreement and no downside risk.
the upside is a tiny fraction of the upside i can currently get from what i am doing
and if i hit critical mass, i will have valid publishable stats, which means i can simply come here and say. Here the proof, do you want me to do the same thing for you.
what docs offering is not only less than what i am currently making
is not only less than i can get from any other affiliate program on the market
but money i can get in the future once my plans hit critical mass.