When trying to elevate your business and make some research you often see or hear people talking about 6 figures. Many times people refer to a six figure salary or income, job, or business. In this article we are going to explain what 6 figures is, and jobs that can bring you a 6 figure income in 2021. Also, we will discuss about how to create a six figure business in 8 simple steps.
What is 6 figures?
According to the definition six figures is the amount of money with six digits. To explain, it could be anything from $100.000 to $999.999 and it is measured annually.
So, when people talking about their 6 figures salary or job they actually refer to the income they bring in annually. While when they talk about their six figure business they usually imply that their business is getting the amount of 6 figures of money. However, from this amount of money they have to subtract all the money they initially invested to find out what their actual profit is.
So, if someone gains $110.000 per year, but his expenses are $50.000 per year, then the actual profit he gets is $60.000 per year. To explain, the expenses could be anything from getting the products you want to sell, and the taxes. Also, the money you have to pay to market your business or your job, and anything else you need to pay before you make a sale.
What are The top 6 Figures jobs in 2021?
So, now you know what 6 figures is. If you want to gain a six figure income, then you can do it either by elevating your business, or getting one of the jobs below. Most these jobs require either a degree or expert knowledge.
So, let’s find out which these are:
- Financial manager,
- Dentist,
- Medical and health services manager,
- Airline and commercial pilot,
- Lawyer,
- Anesthesiologist,
- Actuary,
- Architecture and engineering manager,
- Economics professor,
- Surgeon,
- Transportation, storage, and distribution manager,
- Human resources manager,
- Big data engineer,
- Ethical hackers,
- And, software developer.
As you can see most of these jobs require you to have graduated a college, and gained the required specific knowledge.
However, there are many people out there who have reached 6 figures without getting a degree. Actually they didn’t even need to work at an office, instead they worked from home.
Keep in mind that these jobs require specific knowledge, though. Let’s find out which these are:
- Affiliate marketer,
- Content writer,
- Content service manager,
- Graphic designer,
- Guest posting writer,
- Social media manager,
- And, podcast or video editors.
What are the 8 steps to create a 6 figures business?
When running a business you always try to find ways to elevate and grow it, while you aim to raise your revenue. Either you run the business by yourself, or you have employees, you need to know the basic steps to reach a 6 figure revenue.
Below we are going to talk about some strategies that might actually help you reach that target.
1. Create a productive daily routine
No matter what your business’s niche is, you need to develop a technique that will help you and your employees increase your productivity.
That could be taking short breaks, meditating, working out, waking up early, or anything that keeps you productive. You should also talk with your employees about how they can increase their productivity.
2. Develop a plan to create a 6 figures business
Initially, before developing a plan, you need find out what financial success means to you. After you determine that, you will be able to figure out how many money you want to make every month. Hence, you will be able to find out which your path should be to reach that income.
Ensure you are writing this plan down step by step and reconsidering about it many times until you are sure it is most likely to bring you the success you seek. For every step you write down, you need to understand why every move you take is important, how it can affect your business, what difficulties might occur and what this step’s goal is.
The more specific you are when planning the more likely it is to achieve to gain a 6 figure business.
3. Define your Potential profit
Before you start investing more money in your business, it is wise to define the potential profit. To do so, you need to investigate if the niche you are targeting is actually worthy.
To explain, you need to find out if your services or products are already used in society, or how they can be used. You also need to find out if people are willing to invest in your own or similar services or products. Also, you should figure out how many money are people are willing to pay to gain what you sell.
Keep in mind that if your offer is actually solving people’s problems or fulfilling their needs, then it is most likely to be sold easily.
As for your competitors, if you want to overcome them, you should find marketing techniques that will entice people and bring most of the customers to you.
4. Take advantage of social media to create a 6 figures business
Either you run a local business or an online business, you should have a presence online. Social media are powerful enough to drive much more traffic than ads. However, you should learn how to leverage them to get the best possible result from using them.
To elevate your business you should keep your social media presence active. Hence, you might want to consider to share stories, create useful content, and educate people through them daily. Social media offer you the power to attract, entice, and engage people to your business, as long as you handle them properly.
If you want to know more about social media proven tactics, then we recommend you read our article Top 5 WINNING social media marketing strategies to get Your Business to the NEXT LEVEL.
5. demonstrate your expertise to create a 6 figures business
To influence people you should demonstrate your expertise to them. Hence, you need to create content to display online or offline that proves your work. This tactic can actually make them trust you even easier than before, and trust is one of the most required elements to elevate your business and reach a 6 figure revenue.
To demonstrate your expertise, you can create audio, video, or written content that educates and entertains your prospects about your business’s products or services. The more familiar they become with these and your business, the more likely it is they become clients, and hopefully with the right marketing tactics loyal ones.
6. Don’t aim to sell to reach a 6 figure revenue
Don’t prioritize your selling target. Instead the first thing you need to aim is to offer value. Offering value to people increase the possibility they engage with your business. Hence, it is more likely they become loyal satisfied customers.
Moreover, if your aim is just to sell your products or services, people are going to notice that. And none likes people who treat them like a wallet with money. If you insist you only care about selling, then you will never sell more, and it is not likely enough to earn the 6 figures for your business.
So, we advise you to start applying some inbound marketing techniques. If you don’t know what this is, then we recommend you read our article
7. Offer Your Prospects Proof
When people find out from other people that your business is trustworthy, they are more likely to buy from you. Hence, you should offer them proof. Referrals, testimonials, and reviews are a great to show, if you want to make people trust you before they buy from you.
Also, offering them free trials of your service or free shipping of the product can actually help, if you want to gain and retain happy loyal customers.
8. create a funnel To earn faster a 6 figure income
Funnels can bring you the 6 figure business you want a lot faster. You can use a funnel if you are in affiliate marketing niche, or if you aim to sell courses online, sell your products online or offline, or sell your services, too. Funnels are pretty helpful also when you aim to maintain clients, or keep prospects engaged.
Funnels are powerful tools you should definitely try. But, how do they work?
Funnels are responsible for taking your prospects a journey. Initially, when people go through a funnel, they get aware of the product or the service available. Then they show interest in it and operate their own research about your product and similar ones. Right after they search to find out more information about your business. Finally, they buy from you.
The magic key to create a powerful funnel is to offer them educational content and something irresistible through every step they take. When you ensure they find something they can’t resist, then your funnel will be successful and will bring in a lot of paying customers.
If you want to know more, then we recommend you read our article What Is A Sales Funnel? The Ultimate Strategy To Build Your Own In 2020!
Final thoughts
Now that you know what a 6 figures income and business is, you can figure out how you can make it your own. If you aim to get a 6 figure job then you should make sure you have all the required knowledge. While, if you want to make you business a six figure one, you should absolutely follow the steps above to achieve that.
And if you are ready to create your own powerful, professional funnel, and you are looking to find out a great funnel builder to invest in it, then ClickFunnels might be the one for you.
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