In this thread I’ll show you this exact formula, follow it and you will begin to get better results in business and in your personal finance.
Let us say the number you pick is 1 million naira.
Step 2; Divide 1M by 30 days (if yours is a 1 month plan) or Divide by 12 months (for 1 year plans)
This means you need to hit 34k everyday for 30 days to hit 1,000,000 naira in a month.
(I will show you what to do with this data in a bit, but first...)
83,334 divided by 30 = 2,778 naira per day will take you to 1 Million naira in One year.
So now What do you do with this data?
For both periods;simply pick a unit price and number of units of that product you need to sell to hit target.
30 days: 4 units of a 11,000 naira/one product will get you to target.
For one year....
But doing just this won’t give you 1 million naira at the end of the day, because of expenses of running the business...
So if you need to sell one unit of a 2,774 naira product daily to hit 1 million in 1 year then Try to sell 3, 4 or 5.
Or if possible, double the selling price of one unit.
If you don’t understand something here, tweet your question at me and I’ll address it.