This is How The Big Boys Make Millions Online

Cool and informative post, thanks.

Where in the process are you finding yourself these days? Have you created any products?

Yep, you have nailed it.

If you are interested in seeing a Warrior exercise this strategy, keep an eye for the WSO's offered by Charles Kirkland.

Great post, thanks!

I would also say that we can get some additional traffic from social sites and PPC traffic.

Those numbers were just example figures.

Conversion rates can certainly vary due to a lot of factors - but the point of the strategy is to create several products, and set up a nice sales funnel in order to achieve a certain level of automated income.

Hi:

Shireen here :-)

Thanks for sharing.

Action + Persistent are two more key success factor :-)

Exactly what I did.

And, it worked like a charm.

good intsruction dude... keep it up!

Ed Micah, why did you waste your time for this thread?

Cons,

1. I need a high quality product.
2. I need to find Affiliates.
3. I need to build a list.
4. I need to take strong and accurate decisions.
5. It requires honest dedication and courage.
6. Every thing takes some time.

We’re looking for threads like this……

This is How The Newbie Make Millions Overnight!! !

Does anybody think like above? 6,21,3,11................

It's a slick idea alright but it seems like everyone at DigiResults is in the MMO/IM niche. What if you're in more obscure niches? Those only seem to be around on ClickBank (which maxes out at 75%).

Cool information, Thanks Ed

Seems pretty radical to me!

Yup that's marketing 101 right there.

"When you say find an affiliate program that offers 100% commission", do mean offer all affiliates 100 percent of the sale in order to attract more affiliates to your program? Are you doing this so that more affiliates will promote your product ending up in a bigger email list?

And once you have an email list, you are just using that to promote your other products?

Im sorry for asking this question, but your post is really interesting and i want to make sure i completely understand the process.

Thanks


Preston

Yea this is a pretty good thread and the ideas here is something I have been researching and starting to brainstorm how to make it a reality in a non IM niche.

Nice tips...

This is great info - thanks for sharing.

"Learn what they do, not what they say", is something we all should have stamped in our mind. Great post. I would also add to place the download in a zip file and add "bonuses" and other related affiliate offers to earn more cash flow, and also monetize download & thank you pages. Thanks Ed for writing this post, this is very helpful.

It seems like the biggest challenge in this process is coming up with what the first product is. Any advice on researching high-opportunity topics?

I have one more question Ed. When you do the upsell, do you do all of these upsells throug email marketing? or is there a different method for upselling higher quility products?

I was also wondering, do you always create a new product for your upsells or do you think it would be a good option to find a high quilty product from clickbank that offeres a good commision, and then use that for you upsells?

Sorry for bothering you like this, but this is by far the most usefull post i have read on this forum so far, and i really want to try this method.

Thanks again

Preston

This is good but the most important point being miss out here is building a good relationship with your affiliates and a good record.

Reality check.

This is tremendously unlikely.

Go ask the people in the WSO forum how well their first few products did. You will probably be lucky to sell a few dozen copies. You will be lucky to get affiliates at all. And the couple of affiliates you get will only sell four or five copies each.

10% conversion is considered extremely high. You can expect something more along the lines of 3% - 5% instead.

Okay, sure. It's a bit of a stretch to sell a $7 customer a $47 product, but let's pretend.

You are not going to get these numbers. Your numbers will look more like this.

4% of 50 sales would equal that you get TWO sales with your second product, and 2 x $47 = $94!

Why, that is almost enough to pay for the War Room membership and the WSO fee and the WSO Pro licence, if you follow the general steps people recommend for building a business around WSOs.

(Of course, all the "big boys" in this forum will tell you not to build your business around WSOs anyway.)

Don't misunderstand, here: Ed's completely right. The big boys make their own products. But John Reese did not sit down after a week in IM and make Traffic Secrets, and Jeff Walker did not just sit up in bed one day with the idea for Product Launch Formula, and Frank Kern did not come up with Mass Control when he whacked his head on a rock while surfing.

All of them either did smaller products early on, or had other businesses besides the product creation thing. They didn't just go "Hey wow products!" and overnight they were huge.

The advice Ed is giving you about making your own product is real, useful advice. You should listen to it. But don't be taken in by the math, because it's not what you'll see when you first get started. Eventually, sure, you'll see 2,000 sales in a month. But seeing 2,000 sales every month does not just happen. You can expect to work long and hard creating products and recruiting affiliates, which is different work than building websites or writing articles... but it's still work. It cannot be called "autopilot" by any sane human being.

Don't take my word for it. Talk to any product creator.

So this is how millionaires are created

interesting, yeah this is killer stuff though, every "guru" or should I say famous marketers out there all have this one thing in common "they have their own products"

If you follow this approach, you don't really have to worry "BIG about SEO thing and its wonderful.

I agree that product creation is one of the easiest ways to make money online, especially if you render a lot of value.

Thank you for the wonderful information It's worth reading

Ed,

Thank you for sharing this model.

The WF, while quite valuable as a resource to all IM, can indeed be a house of mirrors.

I have just started my IM business. I started, ran and then sold for a nice sum of money an Internet job board for technology jobs. After taking five or six years off, I am back at starting another business. I say this not out of arrogance but to let you know as you read these thoughts that I do have some sense of perspective that others might not have yet.

A lot of the advice here is great. For example, I read very closely what some of those who follow the article syndication model say. But I also wonder if that same model actually works now the way it did a few years back. There are other models here that make sense. The one Ed talks about here at the beginning of this thread makes sense. It would be hard to build it out but it would also be very doable. The hard part doesn't bother me. But I did want to share some points from the perspective of someone who has had business success before but is new to this field.

1. You have to match your strengths against any model. For example, if you have a job now, keep it, and do this on the side, and build it the right way. Or, if you have knowledge of a particular field, use that in your strategy. Recognize your own weaknesses as well when picking a model. When a model out there seems to have worked for someone else, it might be that their starting place was quite different than what yours is.

2. Most WSO products are of little value. They are there because WF has a constant stream of people who want to work from home on an automated business which takes no effort to build. It doesn't mean that none of these WSOs have value, it just means that the creation of these products for the most part benefit the creators and not the buyers. It is good to go to Google and check out what people are saying about the type of products being advertised. Lots of good comments are made by bloggers out there outside of the WF.

3. Good content always wins out. Google gets smarter every day. Sometimes they announce big changes in how they do search engine results, like Panda, and sometimes its more subtle. But the trend is for better results for their users. And content gets you higher and higher in search engine rankings. There is a dangerous side to Google from a societal perspective, but that's not relevant here for now.

4. Success will not be quick. The market is saturated with IMers. Its a world wide market. For those in the US like me, you are competing against people who can live on a lot less. They have more staying power because of this factor . Plus, the economy in the western world generally stinks and will for a log time, which drives more people into this field. This means it takes longer, and harder work, and smarts, more so than before.

5. Affiliates, for the most part, and I said for the most part, do not make the big money. Vendors do. Certainly there are exceptions. But I think overall that moving into the vendor end of things as quickly as possible, is better.

6. Finally, WF is one heckuva community. I am still not sure why Alexa, Annie, MYOB, TPW, and others, spend so much time here answering questions. I know some have products and services to sell, but you can read in their posts they are trying to help others. It is a genuine effort on their part. I have been on the Internet since late 1994 and have found few forums were people care this much about how others do, notwithstanding all the noise put out by others that use WF for selling quick fix, poorly designed "solutions". So learn from these folks, but also recognize that market forces change entry points, and everyone starts with different strengths and weaknesses, so what worked for them might not work for you.

Thanks for reading.

Jim

Hello,

I just came across your email on warrior and decided to write you this
email.first i knoiw my meeting you is not by mistake but for a
purpose.I am quite new here and reside in Africa.I would like you to
tutor and mentor me on how to make here things are quite frustraing
for me but i believe there is hope and am willing to learn from
someone like you.Thanks
kingsley

Certainly is a formula to follow as mentioned by Ed above. You can make a lot of money just modelling one thing done successfully by someone else.

Find anyone successful in any industry and copy what works!

people... you can make millions online only if you came up with some new, quality product, it doesn`t matter in what niche.
look on internet nowdays, everyone is trying to create a email list and sell thing etc etc.
the internet would have been a gold treasure 10,15 years ago. i`m just so sorry that i was like 5 years old then...
you cand make a decent living now from internet, but not millions...

Not that I mean to doubt about your "Studies", but people are not inherently "freebie seekers" or not. We're all potential customers, and the more potential customers you get into your funnel, the better, even if they initially optin for a freebie. It's your job as a marketer to convert them into paying customers.

If only it was a simple as the OP makes it... every IM'r would be a millionaire.

Truth is that you won't attract affiliates unless your product converts well.

So there is a ton of testing involved. People don't promote your product just for the sake of it.

I had a product that was always ranked top 5 to 7 in CB... and even then I struggled to attract affiliates.
Just saying...

This is a dupliate of a thread a few months back! Just recycling someone elses old content !!!

I think this advice is pretty sound. But, it's easier said than done. If you are going to attract the super affiliates, you'll probably need to price the product at at least $37, and offer 60%-70% commissions to make it worth teir while. you'll need a really nice sales page, and good sales copy and graphics work doesn't come cheap (unless you can do these things yourself).

Now, I know alot of people hate this, but I did my first product using reworked PLR. I didn't just slap new graphics on it, however. I added some of my own videos and a short report to the videos that were already present, and I completely redid the sales page graphics. I did use most of the same copy, however.

Would I do it like that gain? Probably not. But it was a great way to get my first product out there and start producing income that I could then turn around and re-invest in other online ventures.

But it also did something much more important, and that's build me a decent size list of affiliates and a buyers list. Those two assets are probably the most important things you can have if you are an Internet Marketer, at least IMO.

The reality is that unless you have a killer product tat converts, it will be difficult to attract affiliates.

On the other hand...

If you have a killer product that converts well... then price it nicely and offer 100% on the front end, then your changes multiply. Of course you'll need a solid back end to monetize it.

In summary, I'll always suggest that people do not rely on making their fortune with a single product.

Wow, Ed! You've just strucked me with ideas!

This is a great 'refreshing' advice for me. I've been selling info products for about 4 years now. They target a regional niche, and I can earn on average 100 sales every month - WITHOUT affiliates.

I'm interested in selling info products for the international market, using affiliates, and this thread is really inspiring.

Perhaps you can share with us some tips to recruit affiliates or JV partners?

Thanks.

This is a very, very, very, very and very SUPER THREAD! Thank You So Much!

fantastic post!

thanks

TheKaver

Thanks for sharing the good info! Your one of the best.

It really helps a lot! THANKS A MILLION.

I really like this part: "Do you now see what the big boys are doing now? LEARN what they DO, not what they SAY!" - It's so damn true

God Bless,
Jeremiah

Great thread.
Thanks for sharing