Archive | November, 2018

I got out my trusty calculator and did a little math. Assuming you make your own information products, what would it take to earn $100,000 in a year if you work with affiliates and pay them 50% commission?

$47 Ebooks: You’d need to sell 355 of these a month, or 12 per day.

$97 Teleseminars and Webinars: You’ll be selling 172 seats a month, or 5.7 per day. Think no one would pay that kind of money for a teleseminar? If your information is timely and valuable, they’ll line up for it. For example, stock market and forex trading advice would fit this category.

$197 Audio Courses: You only need to sell 85 of these a month, or 2.9 per day. Now who’s going to pay $197 for an audio course? Actually, a lot of people. The trick is to make a big promise, record on a library of CD’s, and make sure you fulfill that promise. Example titles might be; 7 Days To Speaking Confidence or perhaps Improve Your SAT Scores by 33% In Two Weeks or even How To Become A Master Pick Up Artist Practically Overnight.

$497 Video Courses: I know what you’re thinking – who’s going to pay $497 for a video course? The truth is, many people have paid TWICE that amount. Sample title? How about… How to Generate a Six Figure Income in 90 Days. Oh yes, and to earn $100,000 a year using affiliates at 50% commission, you’d only need to sell 33.5 a month. That’s practically one per day.

Now then – would you rather make 12 sales a day, or 1 sale a day? Are you ready to step up and start selling big ticket products?

And by the way, other products you can sell for $497 and MORE are…

– Home Study Courses (video, audio and written material)
– Online Study Courses (video, audio and written material, plus it’s more interactive and more likely to actually be used by the buyers.)
– Seminars and Workshops
– Group Coaching

So let me ask you a question: What if you put on a killer online study course and you charged $997 – how many sales would you need to reach that $100,000 mark (assuming all sales were made through affiliates?) Just 16.7 per month.

Or what if you charge $2,000 for your seminar – you’d only need 100 attendees to make a $100,000 payday.

Or if you charge $300 a month for group coaching – you’d need just 55 members.

And in any of the above scenarios, what if you didn’t use affiliates? What if you made all the sales yourself? Then of course you’d only need half as many sales to make just as much money. So in the $997 product example, you’d only need 8 or 9 sales a month to generate a $100,000 income.

If you’ve been paying attention here, you might have noticed I left out one major possibility. Do you know what it is?

Recurring subscriptions or membership sites. 355 members paying $47 a month yields $200,000 – half for you and half for your affiliates. Can you retain 355 for the full 12 months? You’ll have to offer killer content and incentives to come close.

One more thought – what if you do a combination of the above? Perhaps you choose two things, or three or four. Then instead of earning $100,000, you’re earning $200,000 or more.

I’ll let you in on a secret: We tend to get so bogged down in day to day thinking that we forget to step back and look at the big picture. And so is it any wonder that we think small, instead of thinking in numbers like these? You can indeed attain these marks and more, but the first step is to think the thoughts and the second is to believe you can do it.

And you already know the third step – take action on a massive scale and don’t stop until you reach your goal.

How do you get people calling you up on the phone, visiting your website, emailing you, and saying; “I know you’re expensive and that’s okay, just let me buy – please!”

Simple: Write a book. What do we say about an expert? “She’s the one that wrote the book.” So what happens when YOU write the book?

You’re no longer chasing customers, they’re chasing you. The better your book sells, the more customers will be chasing you, too.

Doors magically open. Suddenly other marketers want to do JV’s with you. Radio shows want to interview you. Other websites feature you. Groups ask you to come and speak to them. And best of all, clients seek you out.

Think your niche isn’t book worthy? Surprisingly, there is a book to be written in nearly every niche.

Do you install swimming pools? Write the book on how to get a great pool at an affordable price without the contractor nightmares. You sell handbags on the Internet? Get creative and write stories about how your handbags saved the day for their owners – perhaps as they slogged their way through the jungle while avoiding angry natives and poisonous snakes. You help people with SEO? Write the book on do-it-yourself SEO.

You’re only limited by your imagination and creativity. And for any portion of your topic that you’re not an expert on, you can get help. Just Google it and begin your research.

Get busy, write your book, and stop chasing customers around… Instead, let them beat a path to your door by writing a book that positions you as the expert in your field.

Need some serious cash in a flash? Assuming you already have a customer base, here’s what you can do:

1. Identify your best customers. If you have only two lists, one of prospects and one of people who have actually made a purchase from you, then of course choose your list of buyers. But if you have a list of repeat buyers or customers who have made large purchases from you, then you want to choose that list. Whoever your best buyers are, those are the ones upon which you want to focus your efforts.

2. Talk to these people. You might call some of them if you have phone numbers, or more likely you will send them an email or survey. Identify what they most need and most want right now. Some things they might need, and other things they might want. What you’re really looking for is the one they both need and want.

3. Based on what you learn, create a high value offer with a matching price tag. In other words, you’re going to offer tremendous value and charge accordingly. This won’t be for all of your customers, but then again you’re only targeting your very best customers with this offer.

4. Make the offer to your valued customers. If you’ve done this correctly, you should see a nice cash infusion into your business, and this entire process can be done in less than a week.