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4 Simple Steps To Create Residual Income For Newbies...

by Dean Shainin
18 replies
Here is a simple 4 step process to create residual income for newbies...

You could set this system up for less than $100 and have it running after a weekends worth of hard work.

1. Find a hungry market where people are already spending money. A good place to look would be eBay which is full of people looking to buy. For general category ideas, you might try browsing through magazines.com to see which topics are popular. Once you've spotted a market that interests you, check out WordTracker's free keyword tool to find "long tail" keyword phrases.

2. Now look for a ready made product, with PLR, that matches the need of your market. Edit the product to "brand" it with your name and "personality". Find and register a suitable domain name(preferably using a popular long tail keyword phrase), get a hosting account, an autoresponder account and set up a squeeze page which leads to your sales page.

If you can afford it, get some new graphics to match the name of your new product. Re-write the sales page - stories sell so create a story around your product. Look for forums where your target audience hangs out and see if you can get a few testimonials by offering review copies of your ebook.

Create an eCourse by writing a series of email lessons that provide useful information and which "Pre-sell" your ebook. Load those lessons into your autoresponder account. Compile all the lessons into a PDF that you can give away as an ethical bribe.

3. Get a PayPal account and create a buy now button. Add the buy now button to your sales page, set up your "Thank you/Download page" and get a friend to make a test purchase to make sure everything works.

4. Register with Google and open an Adwords account. Use your long tail keywords to set up a small number of campaigns. Set up a landing page for each of your long tail keywords - position your long tail keyword in the headline. Activate your Adwords account to drive traffic to your landing pages.

Closely monitor your results and stick to your budget. Test and tweak your system to increase your conversion rate.
#create #income #newbies #residual #simple #steps
  • Profile picture of the author Raygun
    Great points here, one thing that I would add would be that you should take the time and do the research to make your own profitable ebook. Often times it is very easy to spruce up the plr book to make them more your own style and even make them much better than what they were before.

    This is pretty much the nuts and bolts of product creation, thanks for posting.
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  • Profile picture of the author Emily Meeks
    Excellent plan of action.

    I'll take it a step further for Serious Newbies: Set this system up *at least* once every weekend!
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  • Profile picture of the author vicksman
    Love this post

    really a starting point for newbies
    One more thing

    automating you sales is a nice way of triggering sales
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  • Profile picture of the author King Shiloh
    Banned
    If you can't get a PayPal account because you are in a wrong country like mine, don't sit down and start crying. What should you do? Get PayPal alternatives like AlertPay, 2CO, Moneybookers, etc.

    Originally Posted by Dean Shainin View Post

    Here is a simple 4 step process to create residual income for newbies...

    You could set this system up for less than $100 and have it running after a weekends worth of hard work.

    1. Find a hungry market where people are already spending money. A good place to look would be eBay which is full of people looking to buy. For general category ideas, you might try browsing through magazines.com to see which topics are popular. Once you've spotted a market that interests you, check out WordTracker's free keyword tool to find "long tail" keyword phrases.

    2. Now look for a ready made product, with PLR, that matches the need of your market. Edit the product to "brand" it with your name and "personality". Find and register a suitable domain name(preferably using a popular long tail keyword phrase), get a hosting account, an autoresponder account and set up a squeeze page which leads to your sales page.

    If you can afford it, get some new graphics to match the name of your new product. Re-write the sales page - stories sell so create a story around your product. Look for forums where your target audience hangs out and see if you can get a few testimonials by offering review copies of your ebook.

    Create an eCourse by writing a series of email lessons that provide useful information and which "Pre-sell" your ebook. Load those lessons into your autoresponder account. Compile all the lessons into a PDF that you can give away as an ethical bribe.

    3. Get a PayPal account and create a buy now button. Add the buy now button to your sales page, set up your "Thank you/Download page" and get a friend to make a test purchase to make sure everything works.

    4. Register with Google and open an Adwords account. Use your long tail keywords to set up a small number of campaigns. Set up a landing page for each of your long tail keywords - position your long tail keyword in the headline. Activate your Adwords account to drive traffic to your landing pages.

    Closely monitor your results and stick to your budget. Test and tweak your system to increase your conversion rate.
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    • Profile picture of the author Steven Wagenheim
      Hey Dean, can't argue with the plan...it's solid.

      But damn, I think even I'd get burnt out trying to do all that in one weekend.

      Just rewriting the product and the sales page alone could take 3 or 4 days.

      And you know what kind of a workaholic I am.

      I think more reasonable, especially for a newbie is to have a goal to have
      it all up and running in 7 days.

      That way they're not too stressed out when they see it isn't coming together
      as quick as they'd like.

      But yeah, great simple plan and should bring results fairly quick with a
      decent Adwords campaign. Using long tail keywords, the CPC shouldn't
      be too high.
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  • Profile picture of the author biys01
    Originally Posted by Dean Shainin View Post

    Set up a landing page for each of your long tail keywords
    forgive my noobness but do you mean one landing page for one keyword ?
    so if you have 10 keywords you'd have 10 landing pages?
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  • Profile picture of the author jtormey
    OMG, this sounds like a recipe for newbie failure.

    Getting a sales letter that converts can be a huge obstacle.
    Then getting a decent product to sell is a whole other beast.

    Yes, start with a hungry market that will SPEND MONEY.

    Then find a good product to sell as an affiliate, a product
    that already has a proven sales letter that converts.

    Once you get your feet when and are making some money,
    maybe even building a list, THEN work on getting your own
    products.

    It worked for me, anyway. Hope this helps.
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  • Profile picture of the author Online Bliss
    If you can afford it, get some new graphics to match the name of your new product.
    Lately the only sales I've made are the products with the
    coolest graphics. Eye Candy works even with the recycled PLR products.
    Obviously you want the product to be as good as the graphics.
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  • Profile picture of the author Marhelper
    Dean, you hit it on the head. I would only caution newbies not to just jump right in an chuck a bunch of money at Adwords until they learn more about it and test, test ... test!
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    • Profile picture of the author Alexa Smith
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      • Profile picture of the author Steven Wagenheim
        Originally Posted by Alexa Smith View Post

        I think it's a really good, solid plan, but no way is it suitable for newbies: there are far too many parts of it requiring experience and understanding to be done successfully by a newbie.
        Alexa, truth is, for a true newbie, the simplest plan is going to be difficult, so
        I don't see this one as being any more impossible to tackle than something
        else. I mean heck, you'd be surprised the number of people who still can't
        FTP and they've been doing this "stuff" for months.

        Difficult is a relative thing and I have found, from my own personal experience
        of working my way up from nothing, that you might as well just tackle
        something head on IF the foundation underneath it is solid. Then, at least if
        you screw up, you can learn from those screwups and eventually correct
        them to the point where you've put together a working plan.

        That is essentially what I did and let me tell you, I did NOT start with
        the simplest marketing model. But I learned on the seat of my pants and
        ultimately, it did more good for me than futzing around with something
        that was simple but might have been limited as to what I could have
        done with it.

        Ultimately, everybody is different and there is no one size fits all solution.

        What I find hard, to this day (tech stuff) a newbie might pick up in a day.

        Anyway it's something to consider.
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        • Profile picture of the author Dean Shainin
          Originally Posted by Steven Wagenheim View Post

          Alexa, truth is, for a true newbie, the simplest plan is going to be difficult, so
          I don't see this one as being any more impossible to tackle than something
          else. I mean heck, you'd be surprised the number of people who still can't
          FTP and they've been doing this "stuff" for months.

          Difficult is a relative thing and I have found, from my own personal experience
          of working my way up from nothing, that you might as well just tackle
          something head on IF the foundation underneath it is solid. Then, at least if
          you screw up, you can learn from those screwups and eventually correct
          them to the point where you've put together a working plan.

          That is essentially what I did and let me tell you, I did NOT start with
          the simplest marketing model. But I learned on the seat of my pants and
          ultimately, it did more good for me than futzing around with something
          that was simple but might have been limited as to what I could have
          done with it.

          Ultimately, everybody is different and there is no one size fits all solution.

          What I find hard, to this day (tech stuff) a newbie might pick up in a day.

          Anyway it's something to consider.
          Thank You Steven,

          Your reply to my post saved me lots of time responding to the obvious. "There is no one size fits all solution". Like you Steven, I can't stand tech stuff and I know some newbies that can do something within 1/2 hour that would take me at least 3 hours.

          And Thank You everyone for your insights...

          One thing I'd like to point out about AdWords is that one marketers budget of say $200 per month might be another marketers ticket to financial ruin and bankruptcy. And a newbie is kinda hard to define from my point of view. I considered myself to be newbie for 2 years and within that time I remember setting up just one single AdWords campaign that cost about $1,000 within a 24 hour period and realized it was a sure ticket to more financial disaster that I was already dealing with. Now that I look back it was a fantastic lesson to learn and that it's wise to set a realistic budget with anything you're doing online.

          To this day I still consider myself a newbie in certain aspects like tech stuff and probably will be for the rest of my life because I have absolutely no passion or desire to learn tech stuff and would rather barter and or pay for someone with specialized knowledge like Jeffery100% here on the forum that can do something in 15 minutes that would take me an entire day to figure out. It's like trying to squeeze coal into diamonds...

          One of the primary reasons I love article marketing is because it's free and the shock of the financial loss from one of my first AdWords campaigns inspired me and made me quickly realize to be sure to learn other methods ASAP that would make more sense financially while starting out. However, it does take your time to write and learn how to master anything including article marketing and time is very valuable to me and that's why I outsource writing these days.

          Long story short, there are plenty of ways to make money online and the VITAL key is to take some sort of action and test because in my world there are no failures only results that can lead to a breakthrough.
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          • Profile picture of the author Magpieguy
            Well I'm a newbie and my head is spinning. That said, could give it a go but two weeks is more realistic than a weekend!!:confused:
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  • Profile picture of the author Groovystar
    Not to be pessimistic, but sounds like the sort of thing I tried several times to do in the past, a few years ago, I never earnt a penny. I did lose a lot of money though. I've given up completely on ANYTHING that requires me to spend money {instead of time} before I see any results.

    for someone more savvy and smart than me, it sounds like it could be lucrative though. Just has to be in the right hands to work. Mine aren't the right hands.
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  • Profile picture of the author noodle2005
    "Newbie" "adwords" hhmmmm not too sure how well those two words mix together

    It is a solid plan though
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  • Profile picture of the author CJ.Online
    Personally I never think adwords for beginners is a good thing, even if it's with the free ad credit. It's just something I think you should stay away from until you've made a few sales and know your page is working.
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  • Profile picture of the author mlord10
    I think the plan is very solid, but I am just a little confused about the traffic generation method for "Newbie" marketers. Of course Adwords can be very profitable, but for a newbie I would think article marketing may be a better plan of action.

    Of course article marketing in itself can be very difficult to master, I have over 1,000 articles written under my real name and various pen names combined, and I am still learning things about article marketing!

    However, at least it would not involve any monetary loss, which may discourage a newbie and dig a deep hole.

    Just my opinion, certainly nothing to be taken as fact!
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