How John Reese Planned Out The Day He Made A Million Dollars Within A 24 Hour Period
If you have tried to make money online for some time now, you may be familiar with John Reese who broke records in our industry. John Reese was the first normal individual just like you and me who was able to make a million dollars within a 24 hour period online.
There had be normal individuals who had used direct mail to sell a million dollars in products over several days however, the internet is fast and what you can do offline you can do online at times in a matter of hours.
John Reese had the goal of making a million dollars online over a 24 hour period. He knew it could be done however, it was going to take some planning.
He used the mathematic formula to writing your own check to take all the guess work out of sales and marketing. For many enterprises sales and marketing is a game of change however, when you look at the economics of your business you know what know exactly what you have to do in order to reach your income goal.
When you know what your income goal is, and how much you make per sale, or depending on your type of business how much a customer is worth to you and you know what you have to do to make a sale at that point you just wrote your own check.
In the midst of the Great Depression which was a time when people were jumping out of skyscrapers and eating out of trash cans W. Clement Stone used this mathematical formula to writing his own check to make as much as 122 sales per day earning him a million dollars per year which is around $20 million dollars as of 2022 during the worst economic times in US history so far.
Fast forward 80 years and the Boston Red Sox used this same formula to break an 86 year old losing streak known as the curse of the bambino since so few are aware of this formula it is typically those who are very successful we call this the knowledge of the one percent.
So if we have 1,000 people, we know by exposing 1,000 people to your marketing message how many people will buy your product. So we have to have our income goal which in the case of John Reese is a million dollars.
Divided by the profit per sale, the price of his product was $2,000 which means he need to make 500 sales to reach his goal of a million dollars over a 24 hour period.
John partnered up with individuals who ran an Email newsletter such as Frank Kern, Ryan Deiss, Jeff Walker and perhaps Even Pagan at this time.
The Direct Marketing Association says an Email newsletter subscriber is wort $187 over the lifetime of that subscriber. And for every dollar you spend to acquire a subscriber you will make $40 in return.
There are some factors you can follow which will help you make as much as $500 per month per subscriber but as a general rule you will make $1 per month per subscriber.
So if Frank Kern, Ryan Deiss, Jeff Walker and even Even Pagan sent out an email to their list at $187 they only need to send out 5,347 emails to make a million dollars over a 24 hour period.
These are just the general numbers however, before they launched their calculated how much a subscriber is worth.
So absolutely worst case scenario, they knew how many emails they needed to send out to reach the goal of a million dollars in 24 hours.
The very first group marketing deal I landed a deal with Joel Broughton who had a list of 250,000 email who send out an email to only a portion of his list however, if I would have had enough experience at this time I would had networked with Joel enough to find other group marketing partner who also has a list of 250,000 people.
4 people at 250,000 is a million emails. So even at a $1 per subscriber I still would had made a million dollars within my first 24 hours.
People love the idea of leveraging someone else following to build their customer base but going from the idea to putting it into action is to much to ask for many people because you already have many issues you have to handle this is why I want to invite you to partner up with us and work together as a team because we created a short cut to make it as easy as possible to get as many of you to take advantage of this opportunity as possible by working together as a team.
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