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Which route of marketing you take to become an internet millionaire?

by jeffreys
7 replies
Hey guys,

I made my money from affiliate marketing and I'm good at that.

But my question I would like to ask today is which route of marketing will you take to become an internet millionaire? Affiliate marketing, create your own product and market it, adsense marketing or combine adsense marketing with affiliate marketing to make your first million? Have anybody made it.

Share your real experiences, guys for everybody who might interest.

Thanks in advance.
#internet #marketing #millionaire #route
  • Profile picture of the author BloggingPro
    Without a doubt its creating your own product. Look at all of those t-shirt sellers that created a novel idea through one of those sites like Zazzle and then things kind of took off from there.

    And that's not even a pipe dream. That's a reality that could be yours if you have your pulse on the pop culture scene.

    Many people turn to digital products, because of the low cost entry barriers, and now with the Kindle Fire about to launch more people than ever are going to get in on the "digital ebook craze."

    Create a product, in a market where buyers are DESPERATELY looking for a solution and you'll see yourself to internet riches. Managing those riches, however, is another story all together.
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    You're going to fail. If you're afraid of failure then you do not belong in the Internet Marketing Business. Period.
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    • Profile picture of the author John Redlinger
      I suggest you check out the products and marketing methods found on clickbank for ideas on what to come up with.
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      • Profile picture of the author Alexa Smith
        Banned
        Definitely affiliate marketing for me, rather than creating my own products, for the moment, anyway.

        I like the potential (and the reality) of building a genuine, asset-based business producing increasing residual income from work already done, without its long-term income, security or stability being dependent on the continued success of any specific, individual product(s) at all. Complete product flexibility suits me much better.

        Not to mention freedom from product development, most legal/regulatory issues, customer support, order-processing and so many of the other administrative situations with which vendors have to deal every day of the week.

        I'm happy just to promote them for commissions of 60% - 75%, while building up my websites and lists, which are very valuable (and marketable) long-term assets anyway.
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        • Profile picture of the author Bill Farnham
          This is sort of a derivative idea to the topic at hand, but I often wonder if people realize the magnitude of the steps required for such goals.

          As examples, I listened to a recording where Shoemoney was talking about his ad spends of $60,000 a day on Facebook to help generate sales. Don Lapre took in $52 million on his vitamin campaign and yet netted $2.2 million. A huge amount was spent on advertising.

          The point being that all too often people get the idea that they can pocket millions of dollars because they have a first page ranking for a handful of keywords.

          I'm not saying the OP subscribes to that way of thinking, I'm just throwing that out there as a general observation. Because everytime I see one of these threads...

          ~Bill
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  • Profile picture of the author Rod Cortez
    Creating your own products.

    Licensing.

    Arbitrage.

    Offering services where you get a cut of the action (think Clickbank, Paydotcom, buying and selling traffic, etc.).

    Building your own networks (think list building, forums, blog / website networks, your own social media site, etc.).

    RoD


    RoD
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    "Your personal philosophy is the greatest determining factor in how your life works out."
    - Jim Rohn
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  • Profile picture of the author stevenjacobs
    Banned
    You need to build your list the money is in the list.
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    • Profile picture of the author JohnMcCabe
      Originally Posted by Bill Farnham View Post

      As examples, I listened to a recording where Shoemoney was talking about his ad spends of $60,000 a day on Facebook to help generate sales. Don Lapre took in $52 million on his vitamin campaign and yet netted $2.2 million. A huge amount was spent on advertising.

      ~Bill
      Bill, back in the day when I was doing some old-school mail order marketing, one of the formulas I worked from went something like this:

      > Cover the product cost as part of the 'handling' charge in s/h.
      > Price the product at 8-10 times acquisition cost. Prefer 10x.
      > Consider a campaign a success if you netted profit equal to the acquisition cost (i.e., 10% if your markup was 10x).

      People get spoiled by the negligible acquisition and fulfillment costs associated with digital products delivered via download. They forget about advertising and marketing costs, or they focus on "free" methods like SEO.

      I get a kick out of reading about someone bragging about getting tons of search traffic for 'free', then listing the backlinking campaigns they've paid for, the articles they've paid for, the spam tools they pay for monthly. All to get 'free traffic'...:rolleyes:
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