Shining Insight

Business Strategies for Introverted Solopreneurs

  • Home
  • About
  • Blog
  • Log In

How to Quickly Know if You’ll Make Six-Figures This Year

How To Quickly Know If You'll Make Six-Figures This Year

How To Quickly Know If You'll Make Six-Figures This Year

The one thing I hear most from my tribe is the desire to earn six-figures with an online business. 

Oh, I get it. That was my main goal for many years. It became a mantra in our house. We talked, and talked, AND talked about “someday” when…

It felt like I was standing on the edge of an amazing breakthrough, just about to cross-over into six-figure territory. I could feel it. 

At least, I told myself I could feel it. I gave myself daily pep talks. I woke up every morning and thought, “today is the day the switch flips.” 

But, here’s the reality of my life back then - I didn’t have a good channel to make six-figures. Let me explain…

At that time, I had an Etsy shop that sold jewelry-making supplies. You know, beads, findings, chain, earring hooks, claps, etc. It was a cute little shop, and it earned about $3k a month. Not bad, but not great. 

I had tons of product, that I religiously kept organized and inventoried. At any moment, I could check a spreadsheet and know how much stock I had on hand. I used our upstairs hallway as a warehouse, and had one of those industrial, stainless steel racks that commercial kitchens use. I stored all the inventory on shelves in color-coded baskets.

It was a great system. I was proud of how organized my business was. 

Ok, so back to my six-figure goal… I would wake up every morning and grab my phone off the nightstand to check and see if I’d had a flood of orders overnight. Or maybe someone had emailed wanting a HUGE wholesale order. I just knew that at any moment, I could be running a six-figure business. 

Then one morning I had a sobering thought. I kept an average of $12k-$15K in inventory on hand in my makeshift hallway warehouse. It suddenly hit me - I wasn’t set up to make six-figures. It just wasn’t going to happen, I was playing too small. 

I literally couldn’t wake up to sales amounting to more than $12k-$15k (and it was highly unlikely that would happen anyway). And if it did, then what? My shop would be sold out for a couple weeks until I could restock. Plus, my little Etsy shop wasn’t going to attract a big wholesale order, because I wasn’t ready to handle that type of success. 

I was playing in a small pond, and dreaming of ocean results. 

So now I’m going to ask you - Can your current business really make six-figures?

We’re going to figure that out right now!

Ready? Grab a notebook and latte. I promise this is going to be worth it. 


There’s three main types of products; physical products, services, and digital products. Which one do you currently sell?

1. Physical products

This is anything ‘real’ that gets shipped to a customer (jewelry, clothing, books, rubber stamps, etc). If you’re selling a physical product, it’s especially important that you do the math to make sure you can hit your six-figure goal. 

How much inventory do you have on hand? 

How big is your average sale? 

How much traffic does your shop get each month?

How healthy are your margins? 

Example, if you sell a $10 item, and make a profit of $6 (after product costs), you’ll need to ship approximately seventy items a day to make six-figures a year. That’s a big commitment. 

Take $100,000 and divide it by your average order price. That's how many orders you need to ship each year. How many does that work out to a week? A day? Can you handle that type of volume, and is it worth it to you? Will you still be able to have the lifestyle you want if you're processing that many orders? 

There’s a lot of considerations to look at when you’re selling a physical product. To give you the best idea of where you stand with your business, I strongly recommend you download the free workbook at the end of this article. In it, I break down everything and give you a formula to follow so you can see if your business is ready to hit six-figures. I also give action items you can take right now to get your business on the right track. 

Read to the end to download my free workbook

2. Services

Services are defined as trading time and expertise for money. Examples are, an energy healer that does sixty minute sessions on the phone, or a copywriter that charges per page written. 

If you sell a service, you need to figure out how much of your time you can offer each month, plus what your average cost is per service. 

For example, you’d need to make $8,400 per month to make six-figures ($8,400 X 12 months = $100,800 per year). If you do sixty minute phone sessions for $100, to make $8,400 a month, you’d need to do 84 sixty minute sessions per month, or 21 sessions per week. 

That works out to approximately 4-5 sessions every day, Monday through Friday. Can you do that? 

Only you will know if that level of work is right for you and the lifestyle you’re trying to build. However, now you know the commitment it will take to build a six-figure business with your services. 

Read to the end to download my free workbook

3. Digital products

Examples here would be stock photos, online courses, ebooks, etc. 

If you’re selling digital products, you’re in a good starting place to make six-figures. Why? Because you can create the product once, then sell it unlimited times. 

This is a business where the amount of web traffic (plus the size of your email list), will play a big factor in your success in reaching six-figures. 

Let’s do a little math, k? 

What’s the price of your digital product? If it’s a membership to a stock photo library, and you charge $30 per month, you’ll need 280 paying customers each month. 

(280 customers X $30 = $8,400 per month. $8,400 X 12 months = $100,800 per year)

Let’s try another example. If you sell an online course for $97, you’d need to sell the course to 86 people every month to make six-figures per year.

(86 customers X $97 = $8,342 per month X 12 months = $100,104 per year)

If you sell an online course for $997, you’d need to sell the course to 9 people every month to make six-figures. 

(9 customers X $997 = $8,973 per month X 12 months = $107,676 per year)

Think about that for a moment. If you sold an online course for $997, you’d only have to sell it to NINE people each month to have a six-figure business. If you sold it to 90 people each month. You’d have a SEVEN-FIGURE business. 

This size of your email list is the most important factor when selling digital products. Let's take a quick look at some numbers... 

An average conversion rate is 2%. So for every 100 people on your email list, you can expect that approximately two of them will purchase your product.

Caveat - your list needs to be "warm", AKA every person on the list wants to be there, and you need to use effective copywriting, and promote your product the right amount of times. Please remember, an email list isn't a magic wand you can wave and expect to get sales. However, used correctly, your email list will be your biggest sales tool. OK, now that I've said my piece... 

Back to our conversation. So if an average conversion rate is 2%, that means if you have 1,000 subscribers, 20 of them will purchase your digital product. 

If it's a $97 product that's $1,940

If it's a $997 product that's $19,940

See where this gets exciting? Aannnd, I'm a huge proponent of automating business operations. So imagine if you set up an automated sales and marketing machine that was always selling your digital product on autopilot. Would you rather it was selling a $97 product, or a $997 product?

There's so much to cool stuff to explore when mapping out the blueprint to hit your six-figure business goals!


I hope you found this info useful, and it gets you thinking about your business and the direction you should take to get to your six-figure goal. I’d like to point out, that it takes just as much work to build a small business as it does to build a big business. So as you prepare to add new products to your business this year, take a step back and see if you’re positioning yourself to hit your income goals. Do you need to tweak your products? Maybe you're ready for a new business model?

If you currently sell a physical product, think of how you can begin to incorporate a digital product into your business (how-to guides, ebooks, digital patterns, recipes, etc). 

If you currently offer services, think about ways you can make more money with less time spent (group coaching sessions, re-usable templates, etc).

And, if you currently sell a digital product, how can you make more money with a smaller email list, or less traffic? Maybe you start offering higher priced courses, monthly subscriptions or add-on products. 

Wherever you are in your business, stop to figure out if your actions are aligned to your lifestyle goals. If not, it’s never too late to make a change. 

Don’t forget to download my free workbook to walk you through the six-figure formula. It’s jam-packed with info, business strategies, examples and ideas to help you reach the next level with your business.

Download it here.

How to Quickly Know if You'll Make Six-Figures This Year

I wish you lots of success! 

xoxo Amy 

Your Life is a Movie – How to Make it Amazing

Your Life is a Movie - How to Make it Amazing

Your Life is a Movie - How to Make it Amazing 

Today I’m going to let you in on a secret about your reality. It’s not really a secret, but since so few people know this piece of truth, it can be considered a “mystery of the Universe.”

(Well that sounded really dramatic...)

First, I want to tell you that whatever you’re experiencing in your life right now, is not who you are. 

Your current situation is only a culmination of what you manifested in the past. It’s not a determining factor for how your life will be in the future. 

And yes, you read that right - you manifested your current situation. Many of my students have a hard time hearing that, but it's the truth. Whatever you are experiencing today, is a direct reflection of what you were “expecting” or visualizing in your mind. Even the bad stuff (I’d argue there isn’t any “bad stuff”, but that’s a conversation for another day) is in your life because you manifested it. 

Here’s the reality (this is the secret part…);

You can ONLY experience your own consciousness. You can’t experience any other person’s consciousness. Therefore, you can only experience what has been created by you. 


If you’re hearing that for the first time, it can be hard to understand, so let’s break it down into smaller pieces. 

You know that your dreams are in your mind, and only your mind. When you fall asleep at night, you have dreams that play out in your mind and no one else can see or hear them. Right? That is your subconscious mind. It’s created by you, and only you can experience it. 

OK, so your conscious mind is very similar. It exists when you’re awake, but just like your subconscious mind, it is created by you and only you can experience it. 

Think of it like this, your waking world is a dream playing out in your mind. Your house, car, job, family, neighbors, school, bank account, grocery store, etc… It’s all created by you, and no one but you can experience it the way you experience it.

Consider this, in your dreams, if someone hits you with a car, you’d wake up wondering “why” you had a dream like that. You’d wonder if it was brought about by something you ate before bed, or maybe you’d wonder if it was a sign of some kind.

But whatever you think about how or why you dreamt that someone hit you with a car, you’d recognize that it’s not the fault of the person in your dream. They’re just a person in YOUR dream doing what YOU dreamt they were doing. 

Now, here’s where it gets interesting… Life is the same way. If someone hits you with a car, don’t be mad at them. THEY didn’t do it, you did. It’s your consciousness, your life. You created all of it. You should no more be upset with people in “real” life for wronging you than you should be upset with someone in a dream for wronging you. 

Did I blow your mind yet?

Listen, I know this is weird stuff to hear. I started learning this same information years before I finally understood it. One day, it all ‘clicked” into place, and I finally got it. It takes a while for this to sink in, so sit with it for as long as you need to. 

But, the one thing I really want you to learn and take away from this story, is that you are in 100% CONTROL of your life. Always. You can do, be, have, learn, teach, experience, anything you want. 

You created your life, and it’s playing out like a movie. So if you don’t like the movie, yell CUT, and rewrite the script. I’m going to tell you again;

You can do, be, have, learn, teach, experience, anything you want.

There is nothing that holds you back. I know you’ll tell me otherwise. You’re thinking things like, “I don’t have enough money to do what I want, I’m not educated enough, I’m not as creative as other people” etc.  Those statements are just stories you’re making up, and they’re not true. 

Next week I’m going to talk about the stories we tell ourselves, and how they hold us back.

In the meantime, try rewriting your current story. Start with the small stuff, and build up your confidence in your ability to craft your life. Then move on to changing the bigger stuff. 

I’ll give you an example. Yesterday I went to Sephora at a shopping mall. It’s a pretty big mall, and it’s always packed (even on a Tuesday). It was cold and raining, and I really didn’t want the hassle of parking, and going in, just to pick up one quick item. However, I really needed the item (lol), so off I went to the mall. When I got there, I said (aloud to myself, cuz that’s how I roll), “I’m so grateful to find a parking space right in front of the entrance.” And as I pulled into the parking lot, there was an open space right in front of the entrance that’s closest to Sephora. I parked and was in and out of the mall in 15 minutes. 

That is how you begin rewriting the movie of your life. Expect different outcomes, visualize the things you want (even if it’s just a better parking spot), ask the Universe to give it to you, and be open & receive it when it’s provided. Try it with little things, and slowly move your way up to the bigger things in life. 

It works. Try it and be amazed. 

Now, go manifest yourself a greater life! 

xoxo Amy 

Make Up Your Mind (about your business)

Make Up Your Mind (about your business)

Make Up Your Mind (about your business)

Being a business owner is a top goal for the women in my tribe. I know you understand, because you’re here on my blog, reading this. You are, or want to be, a full-time business owner. Congrats! I may be biased, but it’s the coolest thing in the Universe to work for yourself. 

But I need to make something very, very clear. You have to know what you want, or you’ll never achieve it. So let me ask you…

Continue Reading

Moon Energy: Discover the Right Time to Start New Projects


Moon Energy: Discover the Right Time to Start New Projects

Moon Energy: Discover the Right Time to Start New Projects

Finding the right time to start your next project can be as easy as moon gazing. The new moon marks a time for new beginnings, creativity and increased adrenaline – giving you the necessary boost to power through big projects and bring new ideas to life.

The moon holds her power over everything on earth. She controls the tides in the sea, the rhythm of our seasons, and even our pet’s mood.

Moon energy can give you a boost, and by following the moon phases (the stages from New Moon to Full, and back again), you can pinpoint the ideal time to start a new project. This can be anything from founding a new business, writing a book, naming new products, or even something as simple as redecorating a room. Starting a new project at the right phase of the moon will increase your chances of success (not mention, you’ll have increased energy). The best part is, it’s really simple to follow!

Continue Reading

The Universe Always Provides

The Universe Always Provides

The Universe Always Provides

Here’s 3 important things you need to know

The Universe always provides. Seriously. I’m going to say it again because it’s such an important message – the Universe always gives you what you need. Always. Period. No exceptions.

This is a natural law, as real as gravity, or the law of attraction. If done correctly, it’s impossible not to get what you need. There’s just a few caveats. There are three things that are important for you to know about this process. I’m going to talk through them, with examples, so you get the full picture. Once you know, understand, and put these three things into practice, you’ll begin to see huge changes in your life.

Continue Reading
  • 1
  • 2
  • Next Page »

Welcome

Hey there, I’m Amy! I help introverted solopreneurs create a passive income plan, to make more money & work less. Learn more…

  • Bloglovin
  • Instagram
  • Pinterest
  • Twitter
  • Slack
  • Podcast

Explore the Site

  • HOME
  • START HERE
  • BLOG HOMEPAGE
  • ACADEMY
  • LOG IN

Read the Blog

  • How to Quickly Know if You’ll Make Six-Figures This Year
  • Your Life is a Movie – How to Make it Amazing
  • Make Up Your Mind (about your business)
  • Moon Energy: Discover the Right Time to Start New Projects
  • The Universe Always Provides

Love Notes

Working through the Digital Playbook by Amy was so helpful. She breaks the course planning process down in a simple-to-understand format. Planning a course strategy... Read More...

KatieSchwarz

Katie Schwarz Katie Schwarz Design

Shining Insight
2018-06-10T17:05:07-05:00

Katie Schwarz Katie Schwarz Design

KatieSchwarz
Working through the Digital Playbook by Amy was so helpful. She breaks the course planning process down in a simple-to-understand format. Planning a course strategy is draining, there are so many things to consider. Amy hits all the major points from brainstorming, research, planning, creating, pricing & selling. She walks you through an intimidating process in a step by step approach that is easy to follow along. If you feel lost getting started with your creating courses for your business, than Digital Playbook will help you map out a plan that feels doable!
https://shininginsight.com/testimonials/a-step-by-step-approach-that-is-easy-to-follow-2/
I really enjoyed all the lessons in the Digital Playbook. If you're thinking of starting an online biz and want to create a stream of... Read More...

Shining Insight

Ira Kadir

Golden Whimsy Studio

Shining Insight
2018-06-10T17:06:19-05:00

Ira Kadir

Golden Whimsy Studio

Shining Insight
I really enjoyed all the lessons in the Digital Playbook. If you're thinking of starting an online biz and want to create a stream of passive income products, I highly recommend this course!
https://shininginsight.com/testimonials/highly-recommend/
If you have some course ideas or completed courses but aren't sure how to roll them out, you NEED to take "Digital Playbook" ASAP! If... Read More...

ErikaFriday.com

Erika Friday, Virtual Assistant/Online Marketer

ErikaFriday.com

Shining Insight
2018-06-10T17:07:37-05:00

Erika Friday, Virtual Assistant/Online Marketer

ErikaFriday.com

ErikaFriday.com
If you have some course ideas or completed courses but aren't sure how to roll them out, you NEED to take "Digital Playbook" ASAP! If you want a game plan for building a largely self-sustaining business, you NEED this course! If you're a shy, introverted solopreneur (like me) who's been stuck because you don't know how to get your courses sold when YOU don't want to be "out there," you NEED to get the Playbook! I took 6 pages of single-spaced notes, people! I've gone from completely stalled to having a concrete plan to get all my existing and planned courses out there over the next year. So excited! 
https://shininginsight.com/testimonials/you-need-this-course-2/
Digital Playbook is a great course that is perfect for an experienced business owner ready to start their courses. The steps are very clear and... Read More...

Ingrid U

Ingrid Urena

Atelier21 Co

Shining Insight
2018-06-12T20:05:34-05:00

Ingrid Urena

Atelier21 Co

Ingrid U
Digital Playbook is a great course that is perfect for an experienced business owner ready to start their courses. The steps are very clear and the action steps are recapped with the homework. The worksheets are easy to download, so that’s a big plus! And I love that they open on a new window (super win!). I love how each module is explained, and it plays really nicely as you complete the section it directs you to the next one. Great, easy, small but packed, actionable course. 
https://shininginsight.com/testimonials/great-easy-small-but-packed-actionable-course-2/
Amy’s Digital Playbook helps you to reverse engineer your dream passive product framework! She gives you all the tools to make sure you’re talking to... Read More...

Erica Coté

Erica Coté

Silver Immersion, LLC

Shining Insight
2018-06-12T20:42:45-05:00

Erica Coté

Silver Immersion, LLC

Erica Coté
Amy’s Digital Playbook helps you to reverse engineer your dream passive product framework! She gives you all the tools to make sure you’re talking to the ideal client and setting up a pathway for them to get a full range of knowledge from your offerings. It can be daunting to imaging what to create a project around and how to build it. Digital Playbook takes the guesswork out of the what, why, how, and when for creating your complete passive product roadmap to capture and keep your tribe hooked!
https://shininginsight.com/testimonials/your-complete-passive-product-roadmap-2/
0
0
Shining Insight

  • Bloglovin
  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • Slack
  • Podcast

Explore

  • HOME
  • Start Here
  • Blog
  • About
  • Contact
  • Cart

Freebies

  • Resource Library
  • Private Slack Group
  • New Moon Calendar
  • Fave Books

Academy

  • Courses
  • Affiliate Area
  • Log In

Follow Me @ShiningInsight

Happy Thanksgiving! 💕 #thanksgiving Happy Thanksgiving! 💕 #thanksgiving
#truth 😂 Happy Halloween! #truth 😂 Happy Halloween!
Hey fellow Pisces! Comment with your birthday!!! 🎈
.
#birthday #pisces #314
Today’s new moon is in watery Pisces. You know t Today’s new moon is in watery Pisces. You know that project your soul has been begging you to do? Today is the day you need to start!
.
The next two weeks are a time for tapping into your heart’s deepest desire, and creating something that brings you true joy. Don’t worry, Pisces’ intuition will help guide you.
.
For me, it means an Astrology program I’ve been wanting to create for a couple years, but I kept getting stuck in my head with all the “what ifs.”
.
Today I’m shedding my fears, hangups and “what ifs,” and just going for it!
.
What about you? What will you create this month?
.
#newmoon #piscesmoon #pisces
Happy Valentine’s Day. 😘💕 Happy Valentine’s Day. 😘💕
Quick Question - Do you consider yourself “reser Quick Question - Do you consider yourself “reserved?”
.
I know I do! As an introverted personality, I’m pretty withdrawn.
.
So tell me, do you identify with being a reserved girl? I’m all ears! 👂🏻(⇠ creepy ear emoji)
Freedom Roadmap is all about creating evergreen, s Freedom Roadmap is all about creating evergreen, semi-passive income that will cover your monthly bills - leaving you essentially “retired on paper.”
.
We’re starting January 7th. Are you in?
.
⇣⇣⇣ More Info ⇣⇣⇣
.
https://shininginsight.com/freedom-roadmap/
Are you ready for 2019? Are you ready for 2019?
May your 2019 be radiant & inspired! ✨💖🌙 May your 2019 be radiant & inspired! ✨💖🌙

© 2021   Shining Insight · Terms & Conditions · Privacy Policy · Earnings Disclaimer

This website uses cookies to improve your experience. Got it! Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT
How To Quickly Know If You'll Make Six-Figures This Year

Sign up below to get the free workbook delivered instantly

Privacy Policy: We hate spam and promise to keep your email address safe

x