Spilt Guts (My Observations To Vanquish Beginner Blues)

by CianMcCarthy Banned
18 replies
Ok, thought I'd try and spill as much as my guts on what I've learnt from internet marketing...you know just observations on the bigger pictures...rather than the tedious stuff that can be learnt from an ebook or ten

1.

Like generally speaking, you can only make money online from

(a) being an affiliate for a product/service

(b) being an product owner/service provider

(c) running adsense (or something similar)

(d) doing services for other people for chump change while they rake in the thousands. J-O-B

(this is to show that there isn't a magic bullet)

Disregarding (d), all the other options, require, if you want to have a stable and long term business that is, a website.

And if you can create a website that is profitable using any of the first three options then you can sell it for 20 times it’s monthly revenue at flippa.com. This is of course provided you can find a buyer there.

Furthermore, at flippa.com you can find sites that have already been created (ie. the seo and groundwork has been done), purchase them if you sense an opportunity, and make them more profitable.

You can then hold onto them as a long term source of income or sell the site again for a higher profit margin.

Basically, it’s virtual real estate, where you buy low, do a bit of improving, and sell high for a nice lump payment.

How do you improve a site? Basically by implementing internet marketing techniques.

2


Basically, whether you're an affiliate or product owner the name of the game is to obtain and convert traffic (ideally targeted) with irresttible and relevant offers/services (I'll count adsense as a service)

Where to get relevant traffic?

Facebook advertising,
Adwords + Display Network
Yahoo
Bing
Search Engine Optimisation
Article marketing
Forum marketing
Video Marketing
Adswaps,
Joint Ventures,
mobile marketing
newspaper,
flyers,
tv,radio,magazines, markets, seminars,

...upshot of it...there's loads...

then just send it to your website and monetize it either straight away with salescopy/valuable content with recommended services/offers or later on through an email marketing campaign.(recommended)

3 Affiliate marketing...whilst very profitable with low start up costs doesn't hold a candle to being a product owner with hundreds of affiliates promoting you, doing all the articles, all the blog posts, video's on youtube etc. You'll get to your goals a lot faster if you create a product that converts and shove it in the faces of ''super affiliates''. Instead of promoting other products, just promote your affiliate program and offer as much help as possible (run contests, offer landing pages, email follow-ups)
Just something to think about...as being a product owner should be one of your goals in the future. (loads of ways to do this)

4. If you are going to be an affiliate you should always considering going after high end products (like jewelry) or membership programs. It takes as much effort to close a sale of $300 as it does $30.

5. Always be on the look out for creating systems...that leverage other people and other things. Affiliate programs for products are brilliant, but tell a friend scripts, making stuff go viral, creating a huge backend system can be all complimentary outlets too. I for one, am a huge admirer of Tissa Godavitarne and his people search model, as I am of Travis Sago, who monetizes his affiliates which in turn helps them make more money (for themselves and for T Dub!)

6. Build a list and monetize it through relationship building

7. Always write down what you want to accomplish. Have mindmaps so you know what you're going to do. THINK BIG

8.
Leverage everything as much as possible...you think Ryan Deiss does article writing, nope...once you have a formua outsource that baby as quickly as possible.

Here's hoping this helps a few folks...if anyone wants to add stuff or correct me, feel free to leave a comment. I know I haven't touched upon a millionth of what there could be said!

I just wanted people to be aware that there is a bigger picture out there!
#beginner #beginners #blues #guts #internet marketing #make money #observations #spilt #vanquish
  • Profile picture of the author BillTamworth
    Banned
    Thanks Cian,

    Sometimes I fail to grasp the bigger picture and waste time doing social book marking & manually submitting articles.

    Our time is the most precious resource after all
    {{ DiscussionBoard.errors[2457352].message }}
    • Profile picture of the author CianMcCarthy
      Banned
      Originally Posted by BillTamworth View Post

      Thanks Cian,

      Sometimes I fail to grasp the bigger picture and waste time doing social book marking & manually submitting articles.

      Our time is the most precious resource after all
      Yep, I see a lot of folks wasting huge amounts of time on trivial matters, that in the long run will be meaningless
      {{ DiscussionBoard.errors[2457515].message }}
      • Profile picture of the author jlucado
        It sounds like you have got everything covered....

        Have ya made your first $million yet?
        {{ DiscussionBoard.errors[2457646].message }}
        • Profile picture of the author CianMcCarthy
          Banned
          Originally Posted by jlucado View Post

          It sounds like you have got everything covered....

          Have ya made your first yet?
          Not yet...I've my plan in place...so it's all up to me (as it is with all of us)...it won't be down to not having a lack of info
          {{ DiscussionBoard.errors[2457655].message }}
  • Profile picture of the author BillTamworth
    Banned
    So should I start creating my product now or master the affiliate marketing avenue first?
    {{ DiscussionBoard.errors[2458148].message }}
    • Profile picture of the author CianMcCarthy
      Banned
      Originally Posted by BillTamworth View Post

      So should I start creating my product now or master the affiliate marketing avenue first?
      It's best to start off as an affiliate coz when you then have a product out, you'll know how to treat your affiliates (give them what they want, landing pages, squeeze pages, plr articles, plr reports etc)
      {{ DiscussionBoard.errors[2458894].message }}
  • Profile picture of the author Big Al
    Hi Cian

    Cool post but I do disagree with this part ..

    (d) doing services for other people for chump change while they rake in the thousands. J-O-B

    (this is to show that there isn't a magic bullet)

    Disregarding (d), all the other options, require, if you want to have a stable and long term business that is, a website.
    In fact sometimes I think it's the fastest way to make money and arguably the most legit way to start a business online.

    A good example is a good marketer knocking around here who started by providing an article writing service. He found a great way to write high quality articles quickly and then created a product on writing articles which he sold.

    Then he discovered (from his first article writing product) that the skills he learnt from article writing could be used to create high quality products fast. So he created a product on how to create a high quality product.

    When he created both products he had to write a sales letter ... guess what ... he did it quickly and got decent conversions. So he shared his sales letter writing system ... as a product.

    He turned what was a real skill that he had honed through practise, shared it and leveraged it.

    He had a sevice (? a job) that got him paid quickly, got good at it and shared it.

    If anything I think that's got a) long term business sustainability to it and b) it was real information on a subject he had real world experience of.

    I genuinely believe that providing a service (even if it's writing and selling PLR) is a great way to earn money fast, learn some key skills and get started.

    Another good example is the huge number of people who write sales copy here ... that's a high paying service that can potentially pay more per hour than many will ever earn through internet marketing 'systems'.

    Not a rant (or anything personal ... especially against a fellow Irish man : ) - just an opinion looking back over my career.
    {{ DiscussionBoard.errors[2459141].message }}
    • Profile picture of the author CianMcCarthy
      Banned
      Originally Posted by Big Al View Post

      Hi Cian

      Cool post but I do disagree with this part ..



      In fact sometimes I think it's the fastest way to make money and arguably the most legit way to start a business online.

      A good example is a good marketer knocking around here who started by providing an article writing service. He found a great way to write high quality articles quickly and then created a product on writing articles which he sold.

      Then he discovered (from his first article writing product) that the skills he learnt from article writing could be used to create high quality products fast. So he created a product on how to create a high quality product.

      When he created both products he had to write a sales letter ... guess what ... he did it quickly and got decent conversions. So he shared his sales letter writing system ... as a product.

      He turned what was a real skill that he had honed through practise, shared it and leveraged it.

      He had a sevice (? a job) that got him paid quickly, got good at it and shared it.

      If anything I think that's got a) long term business sustainability to it and b) it was real information on a subject he had real world experience of.

      I genuinely believe that providing a service (even if it's writing and selling PLR) is a great way to earn money fast, learn some key skills and get started.

      Another good example is the huge number of people who write sales copy here ... that's a high paying service that can potentially pay more per hour than many will ever earn through internet marketing 'systems'.

      Not a rant (or anything personal ... especially against a fellow Irish man : ) - just an opinion looking back over my career.
      Point taken, but in this case, I'd be inclined to place him under the second optin in point 1.

      (b) offering your own product/service

      As he does has a system in place, and is at the top of his food chain

      It's hard to differentiate, but I thinking of for (d) of people who do the really trivial jobs without having a system in place or a plan for huge expansion. For instance forum commenting for someone,, sure the person could turn this into a business, but he doesn't then it really is chump change.

      But good stuff!!
      {{ DiscussionBoard.errors[2460572].message }}
      • Profile picture of the author sirtom
        Awesome thread, great points covered.

        I especially liked Point 8, with the comment about outsourcing. I think it's massively important to take what you learn and break it into systems. Like article marketing and Ryan Deiss as per your example, break down what needs to get done, then when you have income coming in, outsource that system so you can spend your time working ON your business, not IN it.
        Signature
        [WSO] Fitness/Weight Loss PLR Package like you've never seen before (and outlandish reviews!) - check it out here
        {{ DiscussionBoard.errors[2460584].message }}
        • Profile picture of the author CianMcCarthy
          Banned
          Originally Posted by sirtom View Post

          outsource that system so you can spend your time working ON your business, not IN it.
          That is a great line!
          {{ DiscussionBoard.errors[2460702].message }}
  • Profile picture of the author VladWorks
    This is a great thread.....

    I also disagree with :

    (d) doing services for other people for chump change while they rake in the thousands. J-O-B
    I have a company that provides services to other people. I don't charge alot but it all adds up to more then chump change.

    I think offering a service to other people is a great way to make money online. Helping other people fullfill their dreams or helping them make more money is always a good way to get and keep long term customers.

    You are very right about creating systems and then outsourcing them...Make sure you provide accurate and detailed descriptions of what you want done exactly!
    {{ DiscussionBoard.errors[2460867].message }}
    • Profile picture of the author CianMcCarthy
      Banned
      Originally Posted by VladWorks View Post

      This is a great thread.....

      I also disagree with :



      I have a company that provides services to other people. I don't charge alot but it all adds up to more then chump change.

      I think offering a service to other people is a great way to make money online. Helping other people fullfill their dreams or helping them make more money is always a good way to get and keep long term customers.

      You are very right about creating systems and then outsourcing them...Make sure you provide accurate and detailed descriptions of what you want done exactly!
      Yep I should've edited to say something like (d) doing meagre jobs for small change without having the foresight to scale into a business

      But I guess (a) (b) and (c) cover all the options though
      {{ DiscussionBoard.errors[2461229].message }}
  • Profile picture of the author BillTamworth
    Banned
    My question seems to have got lost...so I'll repeat, ideally is it better to become a product owner (and affiliate for other stuff) or just a plain affiliate?
    {{ DiscussionBoard.errors[2463212].message }}
    • Profile picture of the author Raquel M Luna
      I would say bring them in with "other stuff" and make money on the front end. Get them in your business after you gain the trust and relationship.

      Good luck,
      Raquel Luna
      {{ DiscussionBoard.errors[2463249].message }}
      • Profile picture of the author Scrambler
        Thanks for the great information.
        {{ DiscussionBoard.errors[2464353].message }}
      • Profile picture of the author BillTamworth
        Banned
        Originally Posted by Raquel M Luna View Post

        I would say bring them in with "other stuff" and make money on the front end. Get them in your business after you gain the trust and relationship.

        Good luck,
        Raquel Luna
        Thanks, what do you mean by other stuff? My own product or affiliate offer or cpa offer?
        {{ DiscussionBoard.errors[2465192].message }}
        • Profile picture of the author CianMcCarthy
          Banned
          Originally Posted by BillTamworth View Post

          Thanks, what do you mean by other stuff? My own product or affiliate offer or cpa offer?
          Ideally your own...heck it could be a $1 report or something (this value you build a list of buyers)
          {{ DiscussionBoard.errors[2465823].message }}
  • Profile picture of the author deloriagod
    You've got some good info there.
    Signature
    {{ DiscussionBoard.errors[2464443].message }}

Trending Topics