Making 100k+ In Internet Marketing

13 years ago

My advice would probably to chose your favourite thing to do:

-Lists
-Site flipping
-Domain flipping
-Adsense
-Clickbank etc etc

And then master it. All of these options can make money. The key would probably to chose one, and do it until it works. You can find all information in this forum, or even some WSO's if you have the money (read reviews first). Start small then grow big.

To your success.

Thanks
1 reply

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Chris The Traffic Blogger

13 years ago

Try this:

Build a blog community.
Build a social media prescence.
Become an expert in your community.
Offer free products/services, provide a forum, podcast, etc.
Sell affiliate products and eventually your own product.

It worked for me and I'm currently moving on to my second blog in the hopes of breaking the 100k mark this year in a single year. So far it looks like I'm going to smash it.

Takes time though, took me two years to learn enough to take a blog from 2,000 subscribers to 10,000 in six months' time.

Thanks
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allenjohn 13 years ago

Hi,

Agree with the previous two statements really. I think the hard part is to define your market space and then stay within that area (hard to do because IM has rather blurry edges). I think it is essential that your plan includes these top 4 tips:

1. Build a list.
2. Have your own products.
3. Joint Venture (scratch other's backs, they'll scratch back).
4. Get affiliates

I know it's a bit short on detail but I hope it helps. Happy to share more via pm if need be.

Thanks Allen
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jtie

13 years ago

Originally Posted by Chris The Traffic Blogger

Try this:

Build a blog community.
Build a social media prescence.
Become an expert in your community.
Offer free products/services, provide a forum, podcast, etc.
Sell affiliate products and eventually your own product.

It worked for me and I'm currently moving on to my second blog in the hopes of breaking the 100k mark this year in a single year. So far it looks like I'm going to smash it.

Takes time though, took me two years to learn enough to take a blog from 2,000 subscribers to 10,000 in six months' time.

Haha so funny to see you posting here, i read your wow blog quite reguarly.

Thanks

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Kaysa

13 years ago

These are great goals, what I would do it's create multiple income streams and try to automated eveything I can, the money then come to me in a passive way.

As you say we need time and consistency to get there.

Thanks

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Daniel Deegan

13 years ago

Most people I know in this industry who are in the 6 figure+ income bracket sell their own product. I do have a few friends who are pure affiliates (CPA Offers) who also do 6 figures.

If I where starting fresh I'd stick to the fundementals and just create a product or line of digital products I could sell over and over. Or another option that I'd look into is creating a web based service that I could offer for a monthly fee.

Thanks

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juniorl137

13 years ago

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ncmedia 13 years ago

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- tchoup 13 years ago
  
  Thanks everyone so far for what you've posted. Really good insight.
  
  Thanks
  
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ncmedia

13 years ago

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Will Edwards

13 years ago

Originally Posted by ncmedia

Success cannot be measured by 'wants/needs/financial goals' and there are absolutely no sequences you can take to fast-track your way there because you want it that bad and think it's any different than making your first $1/$10/$100...

"How much does it cost to make money online and how do you do it? Now how much and how to do it on a bigger scale?"

"How much does a business plan cost or how much time should it take? How and what should I offer? I just want to make money so whatever right? As long as I'm online and want to make money badly I'll succeed right? RIGHT?! You'll help me, and you'll tell me exactly which direction to head to make it BIGGER and FARTHER than the help you offer the guy that wants to know how to just make a mere $30/day"

"All your business plans are the same right? You're all failing but only a few aren't? Will you tell me what you do/did different so I can do the same? Just give me the plan or even the table of contents I'll fill in the blank because it worked for you it must work for me if I just duplicate and spin your efforts"

"How much can I make now that I'm making xxx,xxx and want to make X,xxx,xxx?? Will you guys please help me I just really want to make more than the mere xxx,xxx guys, just give me the direction I need I'm a smart cat just not sure what my next step would be to get THAT big, you know, before the other guys at my level do it".

Reason I'm being harsh is it's literally unmeasurable and unanswerable and anyone who does answer is seeking sig clicks to some wso that will promise to help you (ok not everyone, just be careful what you read/click).

Don't be naive mate and if you are then why stop there, why not ask how to be the next walmart or even form your own government right? It's just a few steps up from whatever is before it.

I think what you need most right now, is to take in the knowledge base you need to make $1/$10/$100, using whatever method your palette of skills is best matched up with not by what worked for someone else.

You have your own brain, train of thought, skills, copy, graphics, marketing plan/sense, ads, luck, timing, research, launch, etc. etc. etc. and any and all of those elements can make you millions or make you broke.

Launch sites, affiliate for stuff, make your own products, build some assets, fail a lot, then fail more, faster, and finally something MIGHT work.

When it does you scale that sh!t as fast and far as possible. You get investors and those with money to help once you find a profitable path if you have balls and you can make millions fast.

Finding that path and sustaining it for any length of time in a market big enough to facilitate that kind of growth on ONE campaign or effort is incredibly difficult.

Thus having a hybrid business doing ALL of the above and repeating anything that works should give you enough converters that carry you while you develop new big ideas. 30+ products, xxx,xxx emails/lists, tools galore, attacks from competitors, the daily juggle to stay afloat - it's a crazy world once you get to this level and you shouldn't fast-track it or you'll lose it all just as fast with one wrong move. Asking for help is good, but let your growth of this magnitude happen naturally or you will be unprepared to handle it.

/rambled.

Wow!

Enjoyed reading that.

Will

[ 1 ] Thanks
2 replies

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Big Money 13 years ago

Go to cb engine, browse the niches, write down a list of 100 niches that have several products that have decent quality. Create a product in each niche. Make your sales page either better than all others in that niche or differentiate it in some way.

My suggestion is stay away from the internet marketing niche. It is always changing and you will have to update your products frequently. Stick with evergreen niches.

Trust me if you do this you will easily meet your target and then some.

Promotion: press releases, back links, on site seo

There's a bit more to this, count on it taking a year or two working non-stop before you start making serious money if you are starting with no knowledge whatsoever.

Stick to one plan and one plan only. Only buy information that can help you with your plan.

If your plan is to create e-books and sell them, YOU NEED TO IGNORE EVERYTHING ELSE, forget cpa, adsense, offline marketing, website flipping etc.

You can learn 90% of everything you need to know from the Warrior Forum. The other 10% you are going to have to figure out yourself. You will NOT FIND IT ANYWHERE. It will be unique to your situation.

The main thing is to constantly be taking action, Non-Stop Action. You are going to have to do nothing but work around the clock for a couple years. Once you get everything set up on a decent scale you can semi-relax.
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jbsmith 13 years ago

Here's how we did it...

1. Pick markets that have very good upside for selling information & services - health, self-help, business, relationships, (and thousands of sub-niches within these high level niches)

2. Develop content to drive traffic (involves keyword reserach & some market research to uncover valuable content ideas)

3. Build lists & learn to create sales funnels through email marketing

4. Monetize the traffic with a combination of referral and your own products/services...these should eventually span introduction/basics to more advanced, personalized products and services.

With your own products, it's not hard to reach the 6-figure mark...once you know what sells.

Jeff
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Hopp

13 years ago

I am also building a six figure business. My main strategies are list building, product creation and affiliate products that create residual income.

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Brendon Zahrndt

13 years ago

Quite frankly, the method is irrelevant. Become decent enough at any of them, and you will make money.

The key is figuring out how to scale your business, while outsourcing the low return projects that are essential to your growth.

If you don't master both, you won't hit the aforementioned dollar amount you seek.

Good luck to you.

Thanks

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bravo75

13 years ago

Blimey, the mods work fast here. Good on ya fellas.

Thanks

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kevtycoon

13 years ago

Good post. I heard Rich Scefren say 'Find your Sweetspot', Market it and Moneytise. Basically don't focus on everything - just what you're good at.

Thanks

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Paul_Short

13 years ago

If I were in your shoes, I would try and find ways to work with the assets I already had (Ecommerce business) and:

A) figure out a way to increase revenue/profits while...

B) cutting down on the support calls or maybe switching over to an online support system. You might also consider...

C) Outsourcing the phone work to a company specializing in phone support.

But if you simply want to dump the existing business and start fresh, since you already have knowledge of advertising online, you might want to try affiliate marketing and/or CPA offers through AdWords or Facebook ads, something you can have running and taking care of itself while you're at work.

Hope this helps.

Paul

Thanks
1 reply

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tchoup

13 years ago

Originally Posted by Paul_Short

If I were in your shoes, I would try and find ways to work with the assets I already had (Ecommerce business) and:

A) figure out a way to increase revenue/profits while...

B) cutting down on the support calls or maybe switching over to an online support system. You might also consider...

C) Outsourcing the phone work to a company specializing in phone support.

But if you simply want to dump the existing business and start fresh, since you already have knowledge of advertising online, you might want to try affiliate marketing and/or CPA offers through AdWords or Facebook ads, something you can have running and taking care of itself while you're at work.

Hope this helps.

Paul

The problem with these items are they are big ticket $1,000-$10,000.00 home improvement items with big competition and sometimes very low margins. That's why outsourcing sales support could very hard. Also, people have very high expectations when they buy something like that and as soon as they have a problem and can't get answer now they think your scamming 'em.

Thanks
1 reply

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rmoore

13 years ago

Here is how I did it (in about that exact time frame).

[+] The first year I worked mainly for free (90% focus on traffic building to my "future" authority site)...very little monetization.
[+] Go my site up to 2,000-3,000+ uniques per day and then created my free ebook for opt-in.
[+] Built a list of 20,000+ in less than 6 months after I launched it on my site. So at the year 1/2 mark my traffic doubled to 4,000-5,000 per day.
[+] Released an inexpensive $17 report, then another to my list.

Was clearing $8,000 ish per month at the 2 year mark.

Took one of those reports and built it up into a full-blown Clickbank product. I won't talk about my exact income now, but it is over 100k per year now.

The key? Get ALL over the net in your niche that first year...become a quality content machine. If you aren't worrying about making money, you will reach high traffic levels quickly.

Hope that makes sense,

-Rusty

[ 3 ] Thanks
3 replies

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TimG

13 years ago

Originally Posted by rmoore

Here is how I did it (in about that exact time frame).

[+] The first year I worked mainly for free (90% focus on traffic building to my "future" authority site)...very little monetization.
[+] Go my site up to 2,000-3,000+ uniques per day and then created my free ebook for opt-in.
[+] Built a list of 20,000+ in less than 6 months after I launched it on my site. So at the year 1/2 mark my traffic doubled to 4,000-5,000 per day.
[+] Released an inexpensive $17 report, then another to my list.

Was clearing $8,000 ish per month at the 2 year mark.

Took one of those reports and built it up into a full-blown Clickbank product. I won't talk about my exact income now, but it is over 100k per year now.

The key? Get ALL over the net in your niche that first year...become a quality content machine. If you aren't worrying about making money, you will reach high traffic levels quickly.

Hope that makes sense,

-Rusty

Rusty,
I like your strategy...very sound and deliberate.

Although not an overnight method to making 6 figures (which methods truly are :rolleyes

it clearly shows that a well thought out plan and some hard work can go a long way towards creating a sustainable and sizeable income.

Your last bit (THE KEY) is perhaps the hardest hitting because it really boils down to generating loads of traffic by providing high quality content.

Respectfully,
Tim

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rmoore

13 years ago

Originally Posted by TimG

Rusty,
I like your strategy...very sound and deliberate.

Although not an overnight method to making 6 figures (which methods truly are :rolleyes

it clearly shows that a well thought out plan and some hard work can go a long way towards creating a sustainable and sizeable income.

Your last bit (THE KEY) is perhaps the hardest hitting because it really boils down to generating loads of traffic by providing high quality content.

Respectfully,
Tim

Well...I tried to copy other mega-successful companies like Google.

[+] Offer something valuable to end users for free.
[+] Get word of mouth traffic at some point.
[+] Continue with the valuable free stuff.
[+] ...but add in a little bit of "premium" paid content as well.

You can make a massive income even if a tiny percentage of people decide to go for the paid stuff...as long as your free info is top-notch.

It does take a lot of discipline, and a day job while doing it.

Less in the short term, but a heck of a lot more at the 3-4 year mark if done right.

-Rusty

[ 1 ] Thanks
2 replies

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Ian Varnava

13 years ago

rmoore has given the secret here Warriors. If you want to build a BUSINESS which will be with you through the thick and thin, then this is exactly what you have to do. I've done the same thing in a few niches. First you build a FOLLOWING. Don't even worry about making money one bit. Obviously, you need to either have rich parents supporting you or have a job/another source of income in the meantime. Many of us don't have rich parents so we went with the latter.

You gotta focus on supplying quality content & building regular traffic. Build the website/blog whatever it is as if it was a TOP-NOTCH membership site that people would pay 100's of dollars every month to be a part of... but, do it for free. Don't leave anything out.

Don't have the "well if I give everything away right now, then what will I offer to make money later on?". If you have that type of mentality, you're thinking tooo far into the future and you don't need to stress that right now. Believe me, there are always ways to make money, no matter how many "secrets" you've given away for free already.

Once you have an established website, then you can worry about monetizing it. If you look at many of the successful entities on the internet... majority of them were not started with the intention of making money. They were started as something someone just put up for "fun", was passionate about the subject and provided quality information, built a following... and then all of the sudden, one way or another, they got into "monetizing" and made boatloads of $$ overnight.

But, if you think about it, it's obvious that it wasn't "overnight". Yes, in literal terms. If I spend a year building a quality opt-in list of 20,000 subscribers in any given niche, and then at the 1 year mark, I send them a "special offer" to celebrate our 1 year anniversary... be it an affiliate product, my own... whatever... I may wake up the next day to see a few thousand made in revenue... OVERNIGHT!

But how long did it take me to get there? A year.

If you're looking for "quick cash", there are ways to do it, but they are tough to make into a long-term business.

Originally Posted by rmoore

Well...I tried to copy other mega-successful companies like Google.

[+] Offer something valuable to end users for free.
[+] Get word of mouth traffic at some point.
[+] Continue with the valuable free stuff.
[+] ...but add in a little bit of "premium" paid content as well.

You can make a massive income even if a tiny percentage of people decide to go for the paid stuff...as long as your free info is top-notch.

It does take a lot of discipline, and a day job while doing it.

Less in the short term, but a heck of a lot more at the 3-4 year mark if done right.

-Rusty

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BrendanRa

13 years ago

[QUOTE=IM Joker;3242025]rmoore has given the secret here Warriors. If you want to build a BUSINESS which will be with you through the thick and thin, then this is exactly what you have to do. I've done the same thing in a few niches. First you build a FOLLOWING. Don't even worry about making money one bit. Obviously, you need to either have rich parents supporting you or have a job/another source of income in the meantime. Many of us don't have rich parents so we went with the latter.QUOTE]

Did you see the Social Network or read any of the books on Facebooks beginnings? Zuckerberg turned down tons of offers that most of us would jizz our pants over...because he knew the value of what he had and knew the money would come, but the important thing was creating VALUE and keeping his "customers" happy and coming back for more...Build your lists and focus on traffic, as long as you have something of value you'll be golden.

"If you build it, they will come." Classic s#!% right there...haha

Thanks
2 replies

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macmad 13 years ago

I am coming at this from another angle. I own an internet marketing company and we have about 75 clients. My pull the past several years has been well over your 100K criteria.

I have three IM businesses of my own in three separate niches. I have been working them for several months. No revenue of note to date, but my plan is to have this really rocking by the time I retire. (10 years, yes long term goals) Residual revenue is definitely the ticket.

On a side note, it is interesting how what it to be successful with my three niches is quite a bit different than what makes us successful with our company clients.
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rmoore

13 years ago

[quote=BrendanRa;3247475]

Originally Posted by IM Joker

rmoore has given the secret here Warriors. If you want to build a BUSINESS which will be with you through the thick and thin, then this is exactly what you have to do. I've done the same thing in a few niches. First you build a FOLLOWING. Don't even worry about making money one bit. Obviously, you need to either have rich parents supporting you or have a job/another source of income in the meantime. Many of us don't have rich parents so we went with the latter.QUOTE]

Did you see the Social Network or read any of the books on Facebooks beginnings? Zuckerberg turned down tons of offers that most of us would jizz our pants over...because he knew the value of what he had and knew the money would come, but the important thing was creating VALUE and keeping his "customers" happy and coming back for more...Build your lists and focus on traffic, as long as you have something of value you'll be golden.

"If you build it, they will come." Classic s#!% right there...haha

Brendan,

Funny you should mentioned that. Although nowhere in the same ballpark as Zuckerberg, I was offered a large amount of money for my fitness blog. Not a chance that I would ever sell it. Even if it was enough to where I would never have to work again...I simply would get bored.

...plus I genuinely like helping people. <---people can tell if someone is faking it, which is why so many in the Warrior Forum struggle in my opinion.

Anyway...the delayed gratification method works well online.

-Rusty

Thanks

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LilBlackDress

13 years ago

Originally Posted by rmoore

Well...I tried to copy other mega-successful companies like Google.

[+] Offer something valuable to end users for free.
[+] Get word of mouth traffic at some point.
[+] Continue with the valuable free stuff.
[+] ...but add in a little bit of "premium" paid content as well.

You can make a massive income even if a tiny percentage of people decide to go for the paid stuff...as long as your free info is top-notch.

It does take a lot of discipline, and a day job while doing it.

Less in the short term, but a heck of a lot more at the 3-4 year mark if done right.

-Rusty

Excellent post Rusty and your blog is awesome. I liked your technique of finding keywords to consider though I did not agree with your method of determining competition.

One thing is for sure you are getting great results. And it is clear to see why with all the value you offer.

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Mrmuscle90

13 years ago

Originally Posted by rmoore

Here is how I did it (in about that exact time frame).

[+] The first year I worked mainly for free (90% focus on traffic building to my "future" authority site)...very little monetization.
[+] Go my site up to 2,000-3,000+ uniques per day and then created my free ebook for opt-in.
[+] Built a list of 20,000+ in less than 6 months after I launched it on my site. So at the year 1/2 mark my traffic doubled to 4,000-5,000 per day.
[+] Released an inexpensive $17 report, then another to my list.

Was clearing $8,000 ish per month at the 2 year mark.

Took one of those reports and built it up into a full-blown Clickbank product. I won't talk about my exact income now, but it is over 100k per year now.

The key? Get ALL over the net in your niche that first year...become a quality content machine. If you aren't worrying about making money, you will reach high traffic levels quickly.

Hope that makes sense,

-Rusty

Very very good info here, truly inspiring

Thanks

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dpalacio1

13 years ago

Russ...your reply to this is awesome! Sometimes when it seems too hard it's too easy once you know how to do it. It is so easy to get distracted byt eh latest and greatest "this or that" but if you stay focused on making sure you "give people quality" they will pretty much buy anything you offer - because they trust you...in sales is it is said "people don't buy the product, they buy YOU" It is the same on the net, especially when there is so much scamming out there. Once someone knows that you are for real, you provide great valuable content you have a customer for life!
-Dean Palacio...

Thanks
3 replies

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2marketnow 13 years ago

This is great insight -- I have been success in businesses but IM. Thanks for the great honest approaches to your advice. I can see that I need to build and profit in my current Rat Race if ever to actualize my goals in the IM World. I too wanted 100K plus income this year from IM.
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stylin 13 years ago

You will want to be sure you have a site to promote your brand/product and most importantly is make sure people know this site/blog. Im sure you know this already but if your not getting targeted traffic to your site things most likely wont take off the way you plan. $100K yearly is alot to make but definitely possible. I suggest if you want to make this kind of money you get involved with affiliate marketing if your not already.
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rmoore

13 years ago

Originally Posted by dpalacio1

Russ...your reply to this is awesome! Sometimes when it seems too hard it's too easy once you know how to do it. It is so easy to get distracted byt eh latest and greatest "this or that" but if you stay focused on making sure you "give people quality" they will pretty much buy anything you offer - because they trust you...in sales is it is said "people don't buy the product, they buy YOU" It is the same on the net, especially when there is so much scamming out there. Once someone knows that you are for real, you provide great valuable content you have a customer for life!
-Dean Palacio...

Glad my post helped...the easiest way to get ahead of your competitors is offer better stuff for free than what they charge money for.

Works without fail 100% of the time!

-Rusty

Thanks

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NickJC

Banned 13 years ago

[DELETED]

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tchoup 13 years ago

Originally Posted by NickJC

I've been doing this for 24 hours and I've yet to make a single dollar!

Now just do that again for the next 30 days and the next month double that and the next month double that...
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Warrior Markets 13 years ago

Originally Posted by NickJC

I've been doing this for 24 hours and I've yet to make a single dollar!

I'm assuming this was tongue-in-cheek. No? Made me laugh :-)
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- rmoore 13 years ago
  
  Originally Posted by Warrior Markets
  
  I'm assuming this was tongue-in-cheek. No? Made me laugh :-)
  
  Yeah...I'm betting he was kidding.
  
  At least hope so
  
  -Rusty
  
  Thanks
  
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MKBridge

13 years ago

Tchoup: Can I ask you a question please. If I had the time to put in to an eCommerce site I am considering designing ( including customer service), is there a good income potential? Ant tips would be greatly appreciated. Thanks Kate

Thanks
1 reply

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tchoup

13 years ago

Originally Posted by MKBridge

Tchoup: Can I ask you a question please. If I had the time to put in to an eCommerce site I am considering designing ( including customer service), is there a good income potential? Ant tips would be greatly appreciated. Thanks Kate

E-commerce can be very tough.
The Low Margins
It can be very hard to make money because people are giving stuff away at such stupid low prices. As I mentioned I'm in a sorta-home improvement/luxury item industry. I have very good buying power in the industry so I was able to still make decent margins most of the time when others weren't but... still not enough to make it worthwhile for me while working a full time day job. Figure in all of your costs such as hosting a cart, site upkeep, phone # (see below as a small example) and credit card merchant fees. If you can find a good niche then I say it may good to go for it... but watch those margins.

Toll-Free # (as an example of one cost/job area to handle- Many sites go without toll-free but you'll want to have a phone # no matter what. Most people don't pay for long distance on their cells any longer so they won't mind dialing long distance but toll-free still looks better and shows that you're more on a national level. I used/use Grasshopper for my toll-free needs and they are good and have flexible packages especially for just starting out. You'll also need to man the phones and take the calls. You can outsource this but if the product is even a bit complicated I don't think outsourcing is all that good.

Thanks

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Ben Roy

13 years ago

One thing to consider: are you looking to build a business or are you looking to create a 100k/year job? Some of what you said in your original post seemed more like the latter. If that's the case, you definitely need to carefully choose your model carefully, because it has to be something where your return per hour of your time will meet your goal.

On the other hand, if you're more interested in building a business, then I think it's slightly less important. Anything that can be done profitably can be scaled up profitably as well, if you do it right. In this case I'd focus on finding things that you can build a system around, something you can outsource, something that you can scale independently of the actual hours that YOU put in. As long as you are leveraging other people's time, or systems, you can make much more money with the same amount of your own time.

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rmoore

13 years ago

Originally Posted by Ben Roy

One thing to consider: are you looking to build a business or are you looking to create a 100k/year job? Some of what you said in your original post seemed more like the latter. If that's the case, you definitely need to carefully choose your model carefully, because it has to be something where your return per hour of your time will meet your goal.

On the other hand, if you're more interested in building a business, then I think it's slightly less important. Anything that can be done profitably can be scaled up profitably as well, if you do it right. In this case I'd focus on finding things that you can build a system around, something you can outsource, something that you can scale independently of the actual hours that YOU put in. As long as you are leveraging other people's time, or systems, you can make much more money with the same amount of your own time.

Ben,

Yeah...it does feel like a job the way I do it, the first 2-3 years.

But once you have 2-3 of your own products and the funnel built up, it is pretty low maintenance. I'm coming towards the end of year 3 and still working extremely hard, but that is because I'm still enjoying this.

I some point I can back off and travel the world (if that is what I want to do) and simply put in 20-30 minutes per day in the morning to check on things.

...but yeah, it is tough work in the beginning!

-Rusty

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paulie888

13 years ago

Originally Posted by rmoore

Ben,

Yeah...it does feel like a job the way I do it, the first 2-3 years.

But once you have 2-3 of your own products and the funnel built up, it is pretty low maintenance. I'm coming towards the end of year 3 and still working extremely hard, but that is because I'm still enjoying this.

I some point I can back off and travel the world (if that is what I want to do) and simply put in 20-30 minutes per day in the morning to check on things.

...but yeah, it is tough work in the beginning!

-Rusty

It may feel like a job, but you're definitely building the foundation of a very successful online business by focusing on product creation, which has the potential to generate passive income for a long time to come, assuming that you're in an evergreen niche.

In fact, building a successful business is far tougher than your average typical job, especially in the initial phase, because you're working very long hours to get your foundation set up successfully and as quickly as possible. In fact, I'd say it's nothing like a job in the sense that the hours are long and uncertain, and the pay is basically next to nothing when you're in this phase of setting things up!

Paul

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stealthpromo

13 years ago

I'm about halfway there just by doing design. Wait till I get my mitts on a killer niche

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nvs74191

13 years ago

If you want to make 100K, you have to focus on developing your own products.

Getting involved with other activities is just that - a lot of activity with little results to show for it.

The problem is people get involved with one part of the entire process and think they are building a business. For a successful business, you must have

a product
a sales funnel
a customer service mechanism

Building a list, for example, is a part of the sales funnel. It is a necessary activity, but not the whole activity.

Get a broad perspective of what you want your business to be like, and then map out the steps you need to take.

Yes it takes work, but at the end, it will all be worth it.

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Ben Armstrong 13 years ago

Can't speak for others but I'm developing a system to create websites that sell physical affiliate products. Once that system is sound I'll outsource the hell out of it and diversify my income through product creation. I'm shooting for 10k a month within 3 years.
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Steven Garret 13 years ago

I made 110K last year from my side business(now my fulltime work from home job) and (old) day job combined. I have been on my own for about 9 months now and love it.

My old job was about 60K a year and I quit that(scary) 9 months ago because my side internet service business was getting out of control with leads and biz. I have been running that site since January of 2009.

Side biz stats
-first year 2009 I made 23K on the side while working my 8 - 5 job.

-second year 2010 I made 69K on the side while also working a full time job for the first 6 months of the year before I made the leap to go solo.

-So far this year in the last 24 days I just broke 9K..

I have been steady doubling my revenue since I started. AND TRUST ME I put the freakin time in to get to this point. I was doing service work on the side and still working a full time job. I had a TON of 4am night with like 3 hours sleep. Pretty much on a daily basis for like the last year of my old job. Sucked, but it was exciting and I just kept PLUGGING AWAY at it and now it has paid off.

Now that I am on my own i have WAY more time to create new and fun things to generate money. I have 3 main sites now that all bring in money with my bread and butter still being the original and me still fullfilling on clients requests to build there marketing, websites, sales funnels etc... out for them BUT I have time to explore other avenues now and I love it.

I know i didnt get into any specifics but my advise to you is as follows since you ALREADY HAVE something that works. You are over loaded with new leads and customers but you want to dump it... ?? :-O I dont get it..

You need to take that and FIGURE out how to fulfill on every single one of those items whether you want to or not. Other wise a year from now you will be in the exact same spot as you are now. Get some help. Pay a smart friend to come over and start learning, what ever you need to do to get to the tipping point of quitting your job and going solo. At that point you can really start to put the time in to learn something new and try to create as many revenue streams as possible.

GET RID of the phone number on your site. Or put up a google voice account number with a nice message. Now you can read you VMs at work on your phone.. Get a form up there and email as the main avenues to contact you.

I NEVER had a number on my site until i quit my job and could actually answer the phone durring the day. I only gave my number out to legit prospects who NEEDED a call to close the sale and I scheduled them durring my breaks and lunch break. I remember going out to my car with the AC on for my whole lunch break talking to leads and closing them down lol I would even EAT anything. Just make money!! haha

Ok.. that is my story.. hope you could take something from that..

PEACE OUT
Steve

PS. my bread and butter is not in my sig... That is one of the NEW ones I have had time to build out while working from home :-) GO GET IT!!
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Daniel F. Lavoie

13 years ago

You have to forget about money right now. Forget about all
those "Make xx,xxx$ in xx days" courses. The truth is that...

There's only one easy way to make money FAST. A gun,
a bag and a bank.

You should re-wire yourself to think long term instead of
being taunted by instant gratification. Don't even focus
on the money at first. Focus on making great content and
get subscribers to your mailing list.

It took me over 8 months - starting from 0 - in my niche to
build a list of 2500 people and to create my first product.

>> The result - a launch of 20k$ in a few days.

Was it luck? Absolutely not! I worked really hard to get it where
I'm at right now (over 100k per year).

Here's my take on what you need to do:

[+] Build your list
[+] Give them great content while you are creating your product
[+] Create anticipation about your upcoming launch
[+] Launch your product - and keep selling it afterward (you want
a real business... not a launch model business)
[+] Take a short break to fill up the batteries
[+] Make that baby grow!

Daniel F. Lavoie

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drmani

13 years ago

Originally Posted by tchoup

What I'm Trying to do:
My goal would be to profit at least $100,000 a year from internet marketing after all costs.

Thank you very much in advance for your help. I hope to be able to return a lot of good feedback and tips to the community here.

I'll outline ONE model for you.

Identify a large enough audience that's seeking the solution to
a pressing problem - that you can help them find.

Sell one component of the solution to them for a fair price. Make
sure it helps them. Build loyalty with the new client base.

Find out what more they want or need. Figure out a way to deliver
it. The second sale should be easier than the first. Repeat.

Try to identify something you can sell your now loyal audience in
an ongoing manner, and bill them recurringly (monthly, quarterly
or even yearly or weekly) for.

See how you can package the value you're adding to your clients into
a more comprehensive solution - at a higher price point (think 5x
to 25x your typical product price).

Get referrals from happy clients who know others with similar pain
or problem seeking relief.

Some representative numbers.

1,000 buyers @ $25 on the first sale = $25,000 (say $3,000 in profit)

500 buyers @ $75 (for 3 repeat sales) = $37,500 (around $30,000 profit)

100 buyers @ $15 a month for a year = $18,000 (or $10,000 in profit)

50 buyers @ $250 for the high ticket = $12,500 (or $7,500 in profit)

10% referrals will bring in 100 new buyers

Your first year could, in theory, bring in $50,000 in profit - with
a small referral base.

Scale up ANY of the components, and you may hit your target sooner
than the 2nd year.

Hope this helps

All success
Dr.Mani

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vok

13 years ago

Become an expert and really dig down into it, become a social media expert, a email marketing expert, an affiliate marketing expert, SEO expert, product launching expert, media buying expert for example because if you try and do everything it will not work!

Find something you love more than everything else and focus on it, I think people try and become super man and think that in order to be successful you need to become master of the internet in everything and it's totally wrong.

If you love building monster mailing lists that's all you should ever focus on, everything else is just distracting from A, why do B if it's going to affect A?

Just the way I do things.

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sree94

13 years ago

-Find a product name keyword that converts

-Drive traffic to it through Adwords

-Pray day and night that Google does not slap/ban your accounts

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TimG 13 years ago

Originally Posted by sree94

-Find a product name keyword that converts

-Drive traffic to it through Adwords

-Pray day and night that Google does not slap/ban your accounts

I have a buddy doing that right now with the video gaming niche. He was a complete novice 30 days ago and now he is clearing close to $30 a day after his PPC costs.

His method as simple as it sounds has been to use the PPC to drive folks to his newsletter opt-in. Once they signup they are given access to the first newsletter and presented an offer for a product selling on clickbank.

His list is growing extremely fast and he has been making steady sales from the clickbank offer.

He continues to capture the attention of his subscribers by releasing frequent field reports related to his niche.

Right now he is looking to ween himself off the PPC and utilize article marketing (he is a prolific writer) as his primary traffic generating mechanism along with a strong social networking campaign.

What I have found to be most intersting is that you read about this stuff taking place all the time but to see someone go from no experience to suddenly getting it and taking action is a very rewarding experience.

Kinda make sme miss the early days

Mind you $30 a day is not a fortune but he has learned how to generate traffic and income so a simple rinse and repeat for a few other products and he will be on his way to a sizeable monthly online income.

The income is out that....we just have to go and claim our share of the pie.

Respectfully,
Tim
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Bannaz

13 years ago

My advice would be focus.

Focus on one particular niche and don't take your eyes off the ball until you have met your goal.

Research your niche well before making the jump, and then go for it.

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NikkiDelgado

13 years ago

Wow lots of insigtful answers here and lots of different stratagies.

I think that the only way to make big money with internet marketing is to have your own product. Selling clickbank products, and affiliate programs will never make you big bucks.

You need to develop a product and then get other affiliates to sell it for you. This has very little upkeep or maintenence costs but can bring you in a steady flow of cash.

Then just rinse and repeat until you reach your goal.

Sounds simple and I see you have alot of experience already so this should not be too much of a problem for you.
Research into pricing and a niche market where your product will convert well.

Hope this helps

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dpalacio1

13 years ago

Thanks everyone for this post. I got so much out of this and it is a great way to keep inspired when there is so much negativity out there. Just wanted to chime in and thank all of you for your valuable information. - Dean Palacio

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