I was recently interviewed by Elena Forbes regarding ONE specific question:  How can business owners generate $5K in one day in their business.  While many, many business “experts” will sell you solutions on how to make SIX FIGURES in a weekend — don’t get me started on this one– it was hard to find experts giving hard hitting, step-by-step advice on how to generate $5k a day in your business.

I loved my interview with Elena, and it will go live today.  (You can get all 32 interviews by signing up for this free event.) But here are the HIGH POINTS in five steps.

1.)  Know Your Numbers and Make Sure they Make Sense.

It makes a difference if you’re going to generate $5K by selling a $500 program to 10 people, or a $50 program to 100 people.  So, know how you intend to generate that $5k.   How much of WHAT will you need to sell?

2.)  Define Your Sales Funnel.

Given the specifics you outlined in step one, you must now know how you’ll create a sales funnel. Maybe your sales funnel is short.  (Example: You offer a 30 minute strategy session and sell a package at the end of that.)  But maybe it’s a bit more complex…. and you’ll have to plan a bit more to create  a $5K day.  (Example: Driving your existing leads to a webinar and selling them through a series of emails.)  Either way, you need to know HOW you intend to reach the numbers you defined in step one.

3.)  Plan Your Day.

Set up your day to sell.  Block off the time.  Protect the time.  You’re a selling fool.  Block off every 15 minutes, block off your time for lunch, any breaks you need, etc.  In order to have the most profitable day possible, you’ll have to be very focused.

4.)  Wash & Repeat.

Let’s face it.  This won’t be the only $5000 you’ll ever need.  Once you’ve created your FIRST $5k  day, you’ll want to see how you can replicate it, faster, without delay.  So, how much of what you did to generate $5k a day WORKED?  How much could you do without next time? What can be put on autopilot?

5.)  Set a Daily Monetary Challenge.

The most important part of this is the daily monetary challenge. Maybe you would be doing well to generate $5k a MONTH.  But maybe $5k a day, 5 days a week won’t even come close to generate what you need to make. EITHER WAY, know your daily number.   For example, if you want to generate $300,000 a year, and you take off 4 weeks a year for vacation, this means you’ll need to earn $1250 per day… in order to reach your annual goal.  A daily monetary challenge is something you should have ever present in your business because you approach your day differently as a result.