Today I’d like to have a chat with you about absolute thinking versus percentage thinking, and why absolute thinking may be holding you back.
So I was just at a conference in Thailand and Brad Sugars was giving a presentation. He said he was talking to one of his buddies who ran nightclubs. And the guy would spend $100,000 to get a crowd of people into his nightclubs.
Well, $100,000 sounds like a lot, unless you’re doing $10 million a night.
This guy happened to be doing a lot, I don’t know if it was $10 million. And what he said to Brad was, “That’s just a percentage.”
So let’s just take a look at it from maybe a more reasonable standpoint.
Suppose I came to you and your business and said, “Hey, what I’d recommend is you spend $60,000 in advertising this year.”
And you say, “Whoa, that sounds like a lot.”
Well, what if the goal, and what if you could do a million dollars on that $60,000? Well, how much is that? Well, that’s 6%.
To learn more, please listen to the video above.
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