Archive | April, 2019

Do you think a million dollars is out of reach? Think again. Short of investing – which takes capital – or working on commission in high ticket sales, there is likely no better place to become a millionaire than via the Internet.

To put a million dollars into perspective, you will need to earn $2,739 per day for 365 days if you’re going to accomplish the task in one year. If you’re patient, you need only make $548 per day for 5 years, or $274 per day for 10 years. You see? Making a million dollars is completely doable.

Here then are 9 gems to get you thinking in the right direction. My recommendation: Choose one and focus on that until it’s earning you a good income, then add a second and even a third stream into the mix.

1. Leveraging. Find something that works and then multiply your efforts. For example, create a great product line with a dynamite affiliate program, and then focus on recruiting the best affiliates to sell for you. You’ll be leveraging their efforts for your gain.

I forget who said it’s better to have 1% of the efforts of 100 people than 100% of the efforts of one – but imagine if you get 10% of the efforts of 100 people. You might need to recruit a 1,000 affiliates or more to find these 100, but it will be well worth it. There are product creators right now on ClickBank who have earned far in excess of a million dollars simply by using this method.

2. Scaling. When you create a product that is a hot seller, don’t stop. Create similar products at larger price points that you can sell to your same customers. Then create related product lines to sell to existing customers, as well as to attract new customers to your product lines. Your goal is to add to your product line both vertically and horizontally, attracting a much larger share of your market and making you the market leader.

3. Coaching. Start with a few clients to figure out what you’re doing. Then scale this up and leverage it with affiliates. You can sell one-on-one coaching, coaching memberships, group coaching and coaching events. Imagine putting on a coaching event in a different city every two weeks and selling seats for $997. You’d only need to sell 39 seats in each city to earn that million dollars.

Not possible you say? Tell that to Tony Robbins – he probably earns close to a million dollars for every event he does, and that’s after expenses. In case you’re curious, his net worth is estimated to be $500 million. Think about it – if he can earn a million dollars 480 times, you can certainly do it once.

4. Continuity. If you could sell a product once for $27, or you could sell access for $10 a month, what would you do? Here’s a hint: What do Netflix, cable companies, cell phone companies, utility companies, hosting companies, etc. all have in common? Continuity – the ability to bill month in and month out. Find something that people are willing to pay for monthly, then scale it up and use leverage, and you’ve got a proven wealth formula. So what’s the best place to start looking for the right product? Software or some kind of online automated service. You can give away free trials and then begin charging.

5. Consult. If you’re really good at business or marketing, consider consulting with existing business for a share of the profits. For example, you work with a publisher to increase sales of their products, and in exchange you get 50% of the increased revenue. This is found revenue they would not have received if not for you, so it’s a win-win and a great way to make serious money. Start with small businesses, earn your successes and work up to the million dollar deals.

6. JV Broker. There are tons of businesses outside of the IM field who don’t know much of anything about doing joint ventures. You can set up deals between these businesses and product owners to promote the products to the business’ existing customer list for a share of the profits.

For example, an online fitness equipment seller has a list of 100,000 customers and prospects. You broker a deal between them and a fitness info product, taking a percentage of the profits. You write the series of emails, set it all up, and take your cut. Then you do it again and again. One deal could make you anything from several hundred dollars to six figures, depending on the size and responsiveness of the list, how well matched the product is to the desires of the list and other factors.

7. Be cheap. If you can somehow offer an extremely popular and in demand product at a lower price while still making a profit, you could earn far more than a million dollars. Swanson Vitamins offers nearly every herb and vitamin imaginable, and every price is almost always lower than stores and mail order competitors.

Netflix offers unlimited streaming for less than $15 per month – about the price you used to pay for 4 movie rentals – and you had to drive to pick those up and return them. Hosting is another great example – it used to cost far more to host a website until one company decided to start charging $10 a month, and later reduced that price even lower. You won’t find this type of opportunity available everyday, but if you keep your eyes peeled and you’re not afraid to take massive action, you could be the next Netflix.

8. Be an authority. Or better yet, get famous. When you’ve got a name people recognize, they want to do business with you. In fact, if you’re famous or enough of an authority, you can command top dollar for your products and services. Just look at a handbag in a discount store versus a handbag with the famous Gucci name on it. The difference in price is downright ridiculous, especially when you realize there sometimes isn’t much difference in quality.

Could Tony Robbins command so much money or fill entire auditoriums with $1,000 attendees if he weren’t famous? Probably not. So how did he get so famous? Infomercials. And results, of course! Originally, he bought his way to fame and made money the whole way by truly helping people. Put out press releases, do outrageous things, become known as the mover and shaker in your industry and you can be famous, too.

9. Be Oprah. Not actually Oprah, of course, but look at how she got rich – she hosted a talk show and made her guests look good. Today thanks to the Internet, anyone can host their own show. You can do video or podcast or both. You can interview anyone on any topic, so long as you can get them to say yes. And you can become famous and rich doing it.

How? Choose a niche and make your show THE authority on that niche. Then promote the products of the people you interview.

Now that I’ve shared these methods with you, take a few minutes to read them again. Which one resonates with you? Which one gets you excited and motivated? Which one can you see yourself doing?

Notice something – you are no longer thinking about “whether” you can make a million dollars. Instead, you are now thinking about “how” you WILL make a million dollars. Big difference, huh?

The very first step to making money is believing you can do it. The second step is choosing a plan of action. And the third step? TAKING action.

You see an ad for a new traffic gimmick that sends you thousands of visitors a day. Or maybe it’s someone bragging on the forum that they get 50% opens on their emails, or that 25% of their email recipients click the links inside the emails.

I’ve only got one question for those who spend time on such things – how do you pay your bills with opens, clicks and visitor numbers? Because if they can tell me that, then I’m all ears. Otherwise, it’s about time someone said what needs saying – those numbers don’t mean a darned thing.

Let’s say you get 10 visitors to your website and your competitor gets a million visitors. I’m using crazy numbers here to prove a point, so bear with me.

Out of your 10 visitors, 5 of them buy a $1,000 product. You’ve just made $5,000. Your competitor doesn’t sell a single thing to any of those million visitors, but there they are, bragging about their traffic and trying to sell you a product on how you can replicate their results…

…while you quietly grin all the way to the bank.

Or maybe you send out a series of emails that only get a 10% open rate and only 10% of those opens click the link, but again you outsell your competitor who’s getting 50% opens and 25% clicks.

Are you going to think you’re doing poorly? You are if you measure your success by their terms. But again, all that matters is the bottom line.

So much of what they try to peddle in marketing is simply smoke and mirrors. It’s a wise person indeed who can see through the nonsense to what is truly important.

Let’s say you have a subject line that says, “Naked hot movie star pics” and you get a 100% open rate. But you’re selling a product on blogging. How many sales will you get? Likely none. But you got a 100% open rate, that should count for something, right?

Wrong.

Let’s say you’re still selling the exact same blogging product, but your subject line is, “How to make $100 a day blogging.” This time your open rate is a dismal 10%, but from that 10% you make 50 sales.

Which is better? The 100% open rate and no sales? Or the 10% open rate and 50 sales?

The next time some one is bragging about their opens, clicks and visitors, ask them one question: How much in SALES are they doing? Because that’s the only statistic that pays the bills.

Here’s what happens when most people sit down to write a non-fiction book: First, they procrastinate because they don’t know where to start. Next, they finally get going and they even manage to write a chapter or two, but then they get stuck. Finally, they shelve the book to “finish later” and it never gets done.

Frustrating, right?

But if you have a system, writing a book can be nearly painless and possibly even fun. And if that system involves speaking – something you are likely far more experienced at than writing – so much the better. The best part? You can finish your book within weeks or even days, instead of slaving over it for the next 6 months.

So here’s how you ‘write’ your book without (much) writing, step by step:

Solidify your idea. Hopefully you have a topic picked out, be it How to Care for Tropical Fish, How to Raise Chickens or How to Build a List Using Skype. It should be a topic you’re already familiar with, one you can already speak about with authority. You don’t need to have all of your facts lined up, but your working knowledge should be fairly extensive for this system to work. If you don’t know a good deal about your topic, see below for a work-around.

Now then, for the next few hours or days, keep asking yourself what you want to teach others about this topic. Make notes of the ideas that come to you. Take time to research on the appropriate forums and find out what people want to know, and make further notes. At this point you’re getting ideas for your chapters. Don’t edit, just make notes on whatever comes to mind.

Once you have enough ideas, go through them and pick out the best 10-15 ideas and arrange them in the order you want them to appear in your book.

Make notes on each idea. Jot down what you want to say under each heading. These don’t need to be extensive notes if you already know your topic. The time you’ll need for this will likely be one day to one week. Stay at it, and you’ll find all sorts of things popping into your head at the oddest of times. Write them down so you don’t have to try to remember them.

Place the notes for each chapter in an approximate order of how you would like to cover them. For example, if you’re writing a book on vegetable gardening and you have a chapter on cucumbers, you might start with how to choose the best variety of cucumber, where to get the seed, how to prepare the soil, how and when to plant, how to take care of the plant as it grows, how to extend the growing season, etc.

Speak your chapters. Start with any chapter you like and record yourself speaking the chapter (rather than writing it.) You’ll have your outline in front of you, and you’ll be speaking just as if someone were there in the room with you. In fact, if it’s easier you can record your sessions with a friend who helps to prompt you with the appropriate questions and prods when you leave something out.

Do this for each chapter, and then get your recordings transcribed.

Edit and fill in the missing material. You’ll need to do some editing to get your chapters just right. And in some cases you’ll need to go back and add something in that you either forgot or didn’t have at the time. For example, you’re recording and you realize you didn’t know a piece of information – you can simply add it in at this point.

Get someone to edit your nearly finished manuscript for you. There’s nothing like having another pair of eyes on your writing to make it the best it can be. If you can afford a professional editor, terrific. If not, get a friend who’s good with communication to do it.

Remember, your book doesn’t have to sound like it was written by a stuffy English professor. In fact, it’s better if it’s written in a conversational tone, which gives you a real advantage using this system because you really are speaking rather than writing.

Rinse and repeat. Now that you see how easy it is to ‘write’ a book using this system, you’ll want to do it again and again.

What if you’re not already knowledgeable about your topic? Then you can speak as you research. This is a bit trickier but can be done. Write down what you want to cover in your outline, and then research each item. As you find the information you seek, read it to yourself and then without looking at what you just read, explain it into the recorder. This way you convey the same knowledge but in your own words.

You’ll find there’s a an extra bonus to using this method – by immediately explaining what you just read out loud, you’ll remember far more of it later. Basically you are learning and teaching simultaneously, which means that once you become adept at using this system, you can ‘write’ about almost anything while learning it at the same time.