Law of Large Numbers

Dear esteemed colleagues and members,

It had been 43 days past the 2010 New Year celebration. What had you done in the past 43 days that could have made your life better? I had made my Resolution 2010: Double The Income, Halves The Works, and is working in achieving this wonderful goal.

If you made a new year resolution of “an article a day” in your content publishing business (i.e. posting just 1 article a day) and do this simple and easily achievable task everyday since first day of 2010, your website would have got 43 articles by now. If each article makes you $0.10 a day in adsense revenue, you are making $4.30 a day now (~ MYR 14.50 a day).

Of course, this could be an over simplified example, but the point here is : Developing a passive residual income will take some perseverance. The steps to getting it done are not difficult, but it requires one thing many people will not put in — consistency.

To further illustrate the point stated above, let’s look at the Law of Large Numbers.

The Law of Large Numbers

I am going to show you a very important business concept here. Let’s look at wikipedia’s definition for the Law of Large Numbers:

“In probability theory, the law of large numbers (LLN) is a theorem that describes the result of performing the same experiment a large number of times. According to the law, the average of the results obtained from a large number of trials should be close to the expected value, and will tend to become closer as more trials are performed.”

Now, let’s look at some important words and the ideas of : “Prospects, Conversion Rate, Clients, No. of Purchase, Purchase Value, and Business Revenue” as shown in the table below.

* Table extracted from promotional effectiveness article. As you can see, an increase of 50% in each section will give a result of +500% in revenue!

So, how do these 2 things could apply to your internet business?

If you had been with me on my coaching / training session, this article would serve as a review for you.

THINK.

There is this book called “Think and Grow Rich”, and not “Do and Grow Rich”. And Henry Ford does said, “Thinking is the hardest thing to do that’s why so few gentlemen engaged to it.”

Wish you luck and success in your journey to freedom.

Gong Xi Fa Cai and have a prosperous Tiger year ahead!

Eureka! (Used to express triumph upon finding or discovering something.)

With love, respect and abundant blessings always,
How Tze
Automated Internet Business

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