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Just When is Your "Make Money" System worth Launching?

by Eric Lorence
9 replies
I've seen a variety of IM "Make Money" systems being launched recently, many of those with negligible earnings claims.

Just how much money has one have to have earned before they should launch such a product?

Generally, my opinion is either $10,000+, or $1,000+ repeatedly, as income generated from the system.

Do you take into account the work involved, scalability, repeatability?

Maybe I'm setting the bar to high?

I'm talking about income systems, and not "how-to's" or other useful resources.

What are your thoughts?

P.S. This is not about WSO's, just products in general.
#launching #make money #system #worth
  • Profile picture of the author BIG Mike
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    • Profile picture of the author Eric Lorence
      Originally Posted by BIG Mike View Post

      For me the answer is right there in red - how many times have you replicated the system with consistent results?

      The problem I see with a lot of systems that less experienced people promote is that they've only been tested once. And it wasn't really a test, it was just something they got good results with...that doesn't make a system.
      Agreed, I'm seeing too many "Flash in the Pan" methods, and pure luck doesn't make for a real system.

      If you can't repeat the income yourself, how can you expect anyone else?
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  • Profile picture of the author ryanman
    You are right...Solid proof is important before one should launch a product.
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  • Profile picture of the author tomw
    I guess it depends upon where the "system" is pitched.

    One marketed to newbies could simply be a way of making one's first $100 dollars online which could then be scaled or replicated. I have no problem with those that have made a good start launching such a product at an appropriate price.

    Conversely, at the $10000+ point, I would expect the marketer concerned to have a proven track record of regularly earning such a sum and for it to be pitched to those who know what they're doing.

    For me, the problem is the plethora of "make money systems" with ridiculous income claims put out by those that have yet to be successful.

    Further, I am also pretty dismayed by the lack of products that focus on the strategic side of this business. Those that detail the concrete aspects of building a real business that has the potential for long term viability and continuous growth.

    I know that the market primarily wants to get rich quick, but other than Rich Schefren's course, I can't really think of another program that deals with the fundamentals of business building and growth.

    The vast majority of make money "systems" are merely tactics and often isolated ones at that.

    There is a great space in the market for products that focus on the strategic rather than the tactical. Products that lead those that are already making a great income to the next level.

    Often such things are the preserve of high ticket seminars, I know, but this should not be the case and anyone that has enough business acumen and sufficient motivation to create higher level info-products would do really well. It would also open up their catchment to other sectors making a living via the internet as well as offline.

    The problem is that there is a dearth of new ideas in this industry because of the tendency for most people to jump onto the merry-go-round of tactics. For the most part, these are the same tactics dressed up in new clothes and new terminology. But they are essentially the same.

    Anyone that has been around this business for five minutes knows the fundamentals of making money online. I'm sure we could all list the process...find a niche, find or create a product or service, buy, borrow or build traffic, yada, yada, yada.

    The process is the same, the world over, on and offline.

    Most people focus on various ephemeral and often ROI-inefficient tactics based upon bad advice. If this business is to grow up, just like any other industry, it needs an influx of fresh ideas based upon strategic thinking.

    In my mind, as a real world marketer, if the very top people in this industry are ONLY making 7 or maybe even pushing 8 figures, this industry is a bit of a joke. It's isn't a true industry at all, it's more of a "cottage industry" at best.

    Anyone involved in real business can see this pretty clearly.


    Thomas
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    • Profile picture of the author Eric Lorence
      Thanks Thomas,

      It truly amazes me how some marketers can take a tactic they've just learned themselves, make maybe one or two grand, then believe they can tweak the strategy a bit to sell it as the next "break out" product.

      Earlier threads earlier that mentioned $10,000 copy writing and personal consulting seemed to shock more than a few members.

      A mid-level ad exec will probably take home what many of these "super guru's" see in a year.

      Considering $10,000 may get you a mediocre 30 second, local AM radio spot with production, it sure don't seem like too much, even to a small local business.
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  • Profile picture of the author Louis Raven
    Well I'm soon to be releasing a "make money online" eBook and whilst I don't use the system for my main source of income (simply 'cos I make more with IM with less work) I still have endless proof that it has worked for others non stop like clockwork for about.. say 2 years now.

    Gang, what's your views on this?

    As with anything I suppose all that matters is proof that it works for more than one person repeatedly or for as long as you stated/implied it would.

    Louis
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    • Profile picture of the author Eric Lorence
      Originally Posted by Louis Raven View Post

      Well I'm soon to be releasing a "make money online" eBook and whilst I don't use the system for my main source of income (simply 'cos I make more with IM with less work) I still have endless proof that it has worked for others non stop like clockwork for about.. say 2 years now.

      Gang, what's your views on this?

      As with anything I suppose all that matters is proof that it works for more than one person repeatedly or for as long as you stated/implied it would.

      Louis
      Results will not be the same for everyone, no matter the system.

      The question is- has it, and does it continue to generate substantial revenue for you?

      Proof is a difficult thing to manage in IM, most times one has to evaluate the author's level of knowledge and accomplishment beforehand.
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      • Profile picture of the author Loren Woirhaye
        There are many of us here who could design a system to
        make money and put it out and it would work - even
        if we never tested it at all.

        That might seem facetious - but hear me out. I could easily
        put together a direct-mail/online marketing system for,
        say, dog groomers and sell it as a package.

        It would work. I would just take what works for other
        related service businesses and sell the plan to do the dog
        grooming thing.

        I have no interest in testing whether I could generate leads
        or close sales for dog grooming though - because fundamentally
        that is best done by somebody who both knows a lot about
        grooming dogs and needs to make money doing it.

        I get where the argument is coming from though - the flashy
        "make money easily" ebooks for $27-67 - et. al. Some of
        us give away that information for free because we are
        really in the business of generating leads for back-end
        things like coaching.

        It's often easier to teach how to do something than go out
        there and do the thing and get paid. Why do you think
        so many copywriters get in the copy-guru game? I'd
        bet on more money/less stress being the prime motivator.
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  • Profile picture of the author kemdev
    Personally, I don't believe that you need to have had any success with an individual system before you can sell and market it online.

    Internet marketing is a niche like gardening is a niche like dog grooming is a niche. With that being said, do you have to be a professional gardener to sell a gardening product? Do you have to have an ultra-toned body to make a weight-loss product?

    No.

    I'd bank on the fact that most of the people on this forum have a valuable array of knowledge that pertains to making money online. The difference that separates the successful from the unsuccessful, however, is taking action.

    I would guarantee that if some of the people on this forum applied half of what they know about Internet marketing, we'd all be rich.

    Remember this: Those who can't do, teach.
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    • Profile picture of the author Eric Lorence
      Originally Posted by Jesse Kemmerer View Post


      Remember this: Those who can't do, teach.
      He He....

      OK... :rolleyes:
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