How I made $120,458.70 In 3 Months (Q2 2020 Income Report)
Jul 05, 2020
Welcome back to another quarterly income report! This episode is super special because it's the one year anniversary of this podcast! I can't believe this podcast has been around for a full year. I looked at the stats recently, and discovered that our little podcast has been listened to in 1300 cities across the globe! I am so full of gratitude to all of you guys who have supported this passion project by listening, leaving reviews, and coming alongside me in my journey. THANK YOU.
In this episode, I break down how I made over $100K so far this quarter, some of the biggest changes I've made in the last three months (hiring my first full-time employee), how my $27 tiny offer made 40% of my revenue this quarter, and the importance of pivoting and persisting in business.
If you want to learn more about what a tiny offer is, and how you can create a profitable tiny offer for your business, check out my good friend Allie Bjerk's program, Tiny Offer Lab.
Favorite Takeaways From This Episode
- It’s so beneficial (and fun) to look back on how far I’ve come in even a year.
- The reason that I share these income reports is not to brag, but to remove the discomfort surrounding the topic of money.
- You should not be afraid to talk about money.
- Profits are the success metric that I care the most about over revenue.
- Every time you grow in your business, it requires you to think differently than you did before.
- 40% of my revenue came from my low-ticket, tiny offer product.
- If people aren’t sharing all the behind the scenes with you in transparency, then you may believe a false reality about how they may conduct business. It truly is up and down.
- Even when things are going well, things still happen.
- You have to be able to pivot and persist.
- When you’re building your business, get clear: is this a piggy bank for you and your family, or are you trying to build an empire?
- If you want to create different results, you have to be willing to do things you haven’t done before.
- Our podcast has been listened to in 1300 cities across the globe!
What Did You Think?
What is your biggest takeaway from this episode?
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Are we not email friends yet? Make sure you download my income report at ellenyin.com for my "6 figures in 6 months" case study for a transparent look at how I made $102,721.44 in a 6 month time span in 2019!
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