How to Make a Lot Of Money In Sales
Summary
- When you develop a skill like sales, it can be applied to different products with varying results.
- Selling $29 a month gym memberships at the front desk makes it very hard to earn a million dollars a year.
- Selling high-ticket items like whole value life insurance or $10 million homes can yield significantly higher income.
- The key to making more money lies in the ability to promote and sell items with higher price tags and longer payment durations.
Video
How To Take Action
Implementation Strategies for Business Growth
Develop and Sharpen Your Sales Skills
I would suggest improving your sales skills first. You can always apply these skills to any area of business. Practice getting better at selling low-cost items before moving on to high-ticket products. Focus on understanding your customers' needs and solving their problems.
Shift Focus to High-Ticket Items
A good way of making more money is by targeting products or services with higher price tags. If you’re stuck selling something like $29 a month gym memberships, think about how you can shift to selling higher-priced products. Maybe you can offer premium services or packages. If you’re in real estate, focus on high-value homes.
Extend Payment Duration
Another key strategy is to sell products or services that require customers to pay over a longer period. Recurring revenue models, such as subscriptions or insurance plans that last years, can significantly boost your income. Look into ways you can offer long-term value to your customers.
Leverage Existing Skills in New Areas
Think about how you can use your existing skills in a different, more lucrative area. For example, if you’re good at selling gym memberships, those same skills can be used in real estate or financial products. Identify industries where your skills can have the highest impact.
Stay Relatable and Authentic
Always be authentic in your interactions. People like to buy from those they trust. Build relationships and genuinely care about your customers. This makes selling high-ticket items easier because people trust you with their investments.
Start small, implement these strategies one by one, and you'll see progress without spending a lot of money or time.
Full Transcript
you could take the same skill of let's say sales and sell gym memberships like if you work the front desk and you sell $29 a month memberships very hard to make a million doll a year on the flip side if you sell whole value life insurance if you sell $10 million homes you make a lot more money and so once you develop that skill of promotion and then selling it just comes down to how many zeros is on the thing that you sell and how long the person continues to pay for it
