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Replace You're Minimum Wage Income with a $10 Product

Discussion in 'BlackHat Lounge' started by shezboy, Sep 11, 2014.

  1. shezboy

    shezboy Jr. VIP Jr. VIP Premium Member

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    I wasn't sure whether I should post this in the Lounge or Making Money section so a Mod can feel free to move it if they wish.

    Side note: Yes I realised that I wrote "you're" instead of "your" in the thread title :rolleyes:

    Anyway........

    As you know I am an advocate of the BHW forum. I genuinely think the place is brilliant and with the information that's freely shared I feel quite sure that pretty much anyone, with the right attitude and hunger, can make their living online using what they learn here.

    To prove a point I'm going to break something down to it's most simple form in the hope that it may make a few light bulbs click on for those who are hungry enough to make a living on line and are only holding themselves back because of the ounce of doubt in their head.

    Here in the UK we have a minimum wage set by law at £5.13 (about $8.34) for people aged 18 - 20 years and £6.50 (about $10.56) for those aged 21 and over. I don't know the minimum wage laws and amounts for other countries but you can Google that if you want :)

    Right now I have a product in the BST section that I am currently selling for $10 (it's discounted for a limited number of sales) but right now it's $10 and it's because of that price point that I'm using it here in this example.

    I really do believe that anyone with some intelligence, the right attitude and hunger can create a product that's worth $10. I mean come on, we're only talking 10 bucks here, HOWEVER, it must still over deliver in value and just because you're selling something for $10 it doesn't mean you can churn out crap.

    So $10 is pretty much the minimum wage for over 21's here in the UK and we work an average of 38 hours per week. (Hours actually spent working).

    So to replace a minimum income wage with a $10 product you would only need to sell 38 copies per week!!

    Here are some of the advantages of doing that rather than going out to work.

    • You get to stay at home so there's no commuting which could save you 1-2 hours per day plus travel costs
    • You get more free time which you can actually spend as you choose
    • If you have kids you can now take them to school and pick them up without trying to fit it around a schedule set by your boss
    • If you're kids are too young for school you can now look after then at home yourself
    • You can use the time at home to work on your next product
    • When it comes to lunch time you can actually make yourself a proper meal and not have to rush to eat it
    • When you sell something online it can sell 24 hours a day - 7 days a week so you can easily sell more than 38 copies a week
    • I am sure you can add more benefits to this list......

    Do you actually realise how close you are right now to being able to replace your minimum wage income? None of this is just a dream or just wishful thinking. It is a reality for a large section of the population and it's a number that's growing every day.

    The product I've got going on in the BST section here at BHW creates a minimum wage income which means that my wife doesn't need to go to work (not that she does anyway) so she's free to actually do the things she needs to do while I can concentrate on running my business. It's a win-win situation.

    When it comes to actually selling your product there are other avenues and you're not just limited to this forum so start looking around at the places where you can sell your product. Be creative, push the boundries and try things that others don't seem to be doing.

    Now I really do hope that this gives you the inspiration to stop thinking that you can't do this and make you realise that you can. I also look forward to any feedback and thoughts on this.

    Thanks,

    Shez
     
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    Last edited: Sep 11, 2014