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Unread 17th December 2011, 04:35 AM   #1
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Default This is How The Big Boys Make Millions Online

Newbies, follow this guide and I guaranteed you will succeed very soon!

1. Research, create, write up an info product of the market that you're interested in. Make it an useful, awesome, high quality product by giving loads and loads of quality information in the product.

2. Create a sales page and price the info product around $7-$27 (ALWAYS over delivery the product for what it's worth!) Sign up with a affiliate program that provides 100% commissions(example, DigiResults — Work Less, Sell More).

3. Now, try to find JV's and network with people in the same niche especially affiliate marketing forums, and/or niche communities to promote the product for you.

4. Once people purchase your product, send them to a squeezepage that captures their emails in order to download.


By doing this, it allows you to build up a huge highly targeted buyers' list for free! It's free, so anyone can do this even if you're broke. Studies shows that, you will get more people to optin when giving out free gifts, however, there are 2 issues with that:

- Traffic only comes when you drives it yourself!
- You attract freebie seekers who will unlikely to spend a dollar on you!

BUT, the art of this method is that your affiliates are doing all the hard works to make sales and most importantly building up YOUR buyers' list while you do nothing, literally. A buyer is better than 1000 freebie seekers, because they have bought something already, where the freebie seekers are just after the freebies, after all!

So, How is the cash really coming in?

After you've done everything above, now your ready to start banking big big money by creating another higher quality, more expensive product and upsell it to your buyers/customers after they buy your first product. Remember, don't set commissions to this one, because you will make a bank with this and the best of all, it's completely automated so you have to do anything!


For example.
Let's say your if affiliates are sending you 2,000 sales per month and out of those sales you are only able to achieve 10% of the buyers to buy your second product. Let's assume that your second product costs $47.

10% of 2,000 sales would equal that you make 200 sales with your second product, and 200 x $47 = $9400!

Note - You are making $9400 on complete autopilot. All else you would need to handle is the customer services part and you could easily outsource that.

Now let's see some bigger numbers - what would happen if your affiliates are sending you 3,000 sales and you get 20% of them to buy your second product?

600 x $47= $28200

That's a solid income of $28200 sent to you while you pretty much do nothing. How much do you think you could make if you decided RINSE & REPEAT this exactly same strategy across all of other niches?

Do you now see what the big boys are doing now? LEARN what they DO, not what they SAY!

Often people think it is hard and difficult to make money online, that's mainly because people are spending too much time on doing the wrong things. Simply create several high quality products, look for some JV's & affiliates, set up a sales funnel(*important*), and you'll be making bank real soon!

What if I don't know how to create products?

Simple. Just choose a niche, research a topic, take what you have learnt, and turn it into a product. That's all it takes.

If you still don't see the huge huge potential in this strategy, then you should consider quit IM and find a REAL JOB? This strategy could easily make you tens and hundreds of thousand dollars if not millions.


HOW ABOUT TAKE ACTION NOW? GO!



.

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Unread 17th December 2011, 04:43 AM   #2
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Default Re: 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?

Are you using Video Marketing as your main source of Conversions? If not, then you are leaving money on the table. Check this out...
http://AdPups.com
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Unread 17th December 2011, 04:43 AM   #3
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Default Re: This is How The Big Boys Make Millions Online

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.

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Unread 17th December 2011, 04:48 AM   #4
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Default Re: This is How The Big Boys Make Millions Online

Great post, thanks!

I would also say that we can get some additional traffic from social sites and PPC traffic.
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Unread 17th December 2011, 04:49 AM   #5
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Default Re: This is How The Big Boys Make Millions Online

Quote:
Originally Posted by tpw View Post
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.
View Profile: charleskirkland, interesting - I usually like focus on Warriors who often gets mentioned, or credited by other Warrior fellas, because you will definitely learnt something from them!
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Unread 17th December 2011, 05:01 AM   #6
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Default Re: This is How The Big Boys Make Millions Online

Quote:
Originally Posted by bowerboy View Post
Hmmmm...the numbers look great but the reality could be different from what I am seeing of conversion statistics in the online marketing world....not mine but anecdotal evidence from posts on the various threads...

2 examples:

1. Post today about mailing to a list of 10,000 peoplke with a total of 12 buyers...conversion rate of a little over 1/10th on 1 percent.

2. Guy yesterday posting about his inspirational (in my view) dietlunchbox...amazing site with incredibly powerful testimonials and endorsements...a first class site...but only making $40K per year...check out the quality of the site the endorsements.

I am just saying...keep it real.

BB
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.
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Unread 17th December 2011, 06:57 AM   #7
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Default Re: This is How The Big Boys Make Millions Online

Hi:

Shireen here :-)

Thanks for sharing.

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

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Unread 17th December 2011, 07:06 AM   #8
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Default Re: This is How The Big Boys Make Millions Online

Exactly what I did.

And, it worked like a charm.

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Unread 17th December 2011, 07:17 AM   #9
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Default Re: This is How The Big Boys Make Millions Online

good intsruction dude... keep it up!

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Unread 17th December 2011, 08:17 AM   #10
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Default Re: This is How The Big Boys Make Millions Online

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................
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Unread 17th December 2011, 08:22 AM   #11
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Default Re: This is How The Big Boys Make Millions Online

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%).
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Unread 17th December 2011, 08:29 AM   #12
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Default Re: This is How The Big Boys Make Millions Online

Quote:
Originally Posted by sscot View Post
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................
So true... People are always looking for this type of information and, therefore, end up being scammed and never make a dime online.

What Ed posted is not a new method or a hidden system, but it's what many people have been doing to make real money for several years.

Of course, this industry is dynamic and many things change constantly, but the essence of what works and what doesn't, what actually turns traffic into money remains the same.

Most beginners are always trying to learn killer methods and end up forgetting about the main concepts... most people forget the marketing aspect of the thing. Having a proven process and good marketing skills is essential to build a successful online business, so people should put more effrot into learning these things and forget about the "super ninja tactics" for a a while.


W

CPA Is About To Change...



Want To Be Part Of The Evolution?

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Unread 17th December 2011, 08:35 AM   #13
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Default Re: This is How The Big Boys Make Millions Online

The principles of this advice are sound. However I do agree with the other posters that conversion rates will vary depending on a myriad of factors.

Using Clickbank or Digiresults will attract a number of affiliates however the quality of those affiliates is debatable. I prefer to screen my affiliates so that I can control who promotes my products. Doing this allows me to ensure I only have high quality people promoting my products. It also allows me to provide one on one support for these affiliates to maximize their sales. By helping them earn more from my products I am essentially helping myself earn more.

Just my thoughts,
Ben

Suffer from the chaos of running a business? We can help check us out!
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Unread 17th December 2011, 08:45 AM   #14
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Default Re: This is How The Big Boys Make Millions Online

Quote:
After you've done everything above, now your ready to start banking big big money by creating another higher quality, more expensive product and upsell it to your buyers/customers after they buy your first product. Remember, don't set commissions to this one, because you will make a bank with this and the best of all, it's completely automated so you have to do anything!
really smart
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Unread 17th December 2011, 10:27 AM   #15
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Default Re: This is How The Big Boys Make Millions Online

Quote:
Originally Posted by tpw View Post
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.
Bill, I looked over the WSOs from Charles Kirkland and there are quite a few of them. Is there one specifically to which you are referring?
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Unread 17th December 2011, 10:40 AM   #16
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Default Re: This is How The Big Boys Make Millions Online

Pfftss.. Big boys..

How about the ladies?
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Unread 17th December 2011, 10:48 AM   #17
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Default Re: This is How The Big Boys Make Millions Online

Cool information, Thanks Ed

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Unread 17th December 2011, 11:30 AM   #18
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Default Re: This is How The Big Boys Make Millions Online

Seems pretty radical to me!
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Unread 17th December 2011, 11:31 AM   #19
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Default Re: This is How The Big Boys Make Millions Online

Yup that's marketing 101 right there.
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Unread 17th December 2011, 11:41 AM   #20
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Default Re: This is How The Big Boys Make Millions Online

Quote:
Originally Posted by Ed Micah View Post

Sign up with a affiliate program that provides 100% commissions(example, DigiResults — Work Less, Sell More).




.

"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


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Unread 17th December 2011, 11:44 AM   #21
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Default Re: This is How The Big Boys Make Millions Online

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.
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Unread 17th December 2011, 11:47 AM   #22
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Default Re: This is How The Big Boys Make Millions Online

Great ideas, thanks for the info.
I'm thinking maybe refining the targeted traffic at the beginning for better long term results and sticking with the initial field.
Refining, fine-tuning seems to always be one of the keys to an upward curve.
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Unread 17th December 2011, 11:50 AM   #23
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Default Re: This is How The Big Boys Make Millions Online

Its certainly something a lot of 'experts' and 'gurus' are doing thats for sure. Whatever your take or twist on it, it's certainly a model that works and is being used by a lot of people.

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Unread 17th December 2011, 11:57 AM   #24
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Default Re: This is How The Big Boys Make Millions Online

Nice tips...

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Unread 17th December 2011, 12:19 PM   #25
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Default Re: This is How The Big Boys Make Millions Online

This is great info - thanks for sharing.

Tim Somers
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Unread 17th December 2011, 06:00 PM   #26
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Default Re: This is How The Big Boys Make Millions Online

Quote:
Originally Posted by Kendra Kiwi View Post
Pfftss.. Big boys..

How about the ladies?
This is How The Big Boys & Ladies Make Millions Online. Lol, my bad?
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Unread 17th December 2011, 06:21 PM   #27
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Default Re: This is How The Big Boys Make Millions Online

Quote:
Originally Posted by PrestonPilgrim View Post
"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
The majority of this strategy is to set your first product's commission to 100% to attract as many affiliates as possible, and so that is where your "TRAFFIC SOURCE" coming from.

The real money comes in at the back-end. You then offer them a better upgraded, or higher quality products. That way the affiliates are doing all the work to advertise, find traffic, etc, etc.

WHILE you sit there do nothing, AND build a massive highly targeted BUYER's list which it's going to help you a big time to promote other products in the future .

Hope this made it more clearer!
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Unread 17th December 2011, 09:40 PM   #28
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Default Re: This is How The Big Boys Make Millions Online

Quote:
Originally Posted by Ed Micah View Post
The majority of this strategy is to set your first product's commission to 100% to attract as many affiliates as possible, and so that is where your "TRAFFIC SOURCE" coming from.

The real money comes in at the back-end. You then offer them a better upgraded, or higher quality products. That way the affiliates are doing all the work to advertise, find traffic, etc, etc.

WHILE you sit there do nothing, AND build a massive highly targeted BUYER's list which it's going to help you a big time to promote other products in the future .

Hope this made it more clearer!
Yes this made things much more clear. I cant wait to try this strategy out!

Thank you
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Unread 17th December 2011, 09:56 PM   #29
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Default Re: This is How The Big Boys Make Millions Online

What if you have one really nice guide/product to sell and have spent all of your time and energy on that one thing?

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Unread 17th December 2011, 09:59 PM   #30
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Default Re: This is How The Big Boys Make Millions Online

"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.

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Unread 17th December 2011, 10:06 PM   #31
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Default Re: This is How The Big Boys Make Millions Online

But first there is niche research and selection, how best to proceed with that?

Or are you saying selecting a niche is unimportant, just go out there and create a product for something you know a little about?
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Unread 17th December 2011, 10:14 PM   #32
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Default Re: This is How The Big Boys Make Millions Online

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?
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Unread 17th December 2011, 10:15 PM   #33
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Default Re: This is How The Big Boys Make Millions Online

Quote:
Originally Posted by jrpt View Post
What if you have one really nice guide/product to sell and have spent all of your time and energy on that one thing?
Then create another same quality product to give out for 100% commission, or another higher quality to upsell.

I know it's hard to give out all your hard work for free (100% commission), but in return, everything & the traffic that is coming back will all be worth it after all.


Quote:
Originally Posted by mickmccrory View Post
"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.
Great tip there, adding bonus packages into a zipped file to create a deeper sales funnel


Quote:
Originally Posted by Tim Jackson View Post
But first there is niche research and selection, how best to proceed with that?

Or are you saying selecting a niche is unimportant, just go out there and create a product for something you know a little about?
Sure, choosing a hot niche is certainly important. Do some research, get to know the niche, Google is your friend, it's not that hard.

The hard part is get your product out to everyone, the traffic, which you will be letting your affiliates & JVs do these hard parts.

Hope that helps.


Quote:
Originally Posted by jtnatoli View Post
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?
There are unlimited amount of useful information out there that is being shared every single day. Google it, it's all out there. If you still haven't got a direction on how to create a product - perhaps you should checkout some of the WSO on the forum that teaches you how to create products.

They're just like gold mines.
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Unread 17th December 2011, 10:50 PM   #34
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Default Re: This is How The Big Boys Make Millions Online

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
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Unread 17th December 2011, 11:01 PM   #35
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Default Re: This is How The Big Boys Make Millions Online

This is good but the most important point being miss out here is building a good relationship with your affiliates and a good record.
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Unread 17th December 2011, 11:15 PM   #36
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Default Re: This is How The Big Boys Make Millions Online

Quote:
Originally Posted by PrestonPilgrim View Post
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
I'd upsell in the download page of the first product.
As for with the email lists, you can do any sort of promotes later on, I guess?

Either creating your own products, or promoting other people's product would work, but if it's your own, obviously you make more money.


Quote:
Originally Posted by EddyWoo View Post
This is good but the most important point being miss out here is building a good relationship with your affiliates and a good record.
That's certainly one good point, without good relationship with your affiliates, because that is where all your traffics are coming from!
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Unread 17th December 2011, 11:23 PM   #37
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Quote:
Originally Posted by Ed Micah View Post
I'd upsell in the download page of the first product.
!
That is what i was thinking, but how do you upsell on the download page without giving your affiliates the commision. Since they did send them to that page, right?
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Unread 17th December 2011, 11:32 PM   #38
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Default Re: This is How The Big Boys Make Millions Online

Quote:
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That is what i was thinking, but how do you upsell on the download page without giving your affiliates the commision. Since they did send them to that page, right?
Your affiliates get commissioned by sending traffic to the sales page of the first product with referenced id. Their reference ID is now tracked with the cookies.

Once the traffic buys the first product, the affiliate has done their job, and will be credited. And it is now your job to send the traffic to the download page after they've paid.

So, here's where the game begins.
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Unread 18th December 2011, 12:03 AM   #39
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Default Re: This is How The Big Boys Make Millions Online

Reality check.

Quote:
Originally Posted by Ed Micah View Post
Let's say your if affiliates are sending you 2,000 sales per month
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.

Quote:
out of those sales you are only able to achieve 10% of the buyers to buy your second product.
10% conversion is considered extremely high. You can expect something more along the lines of 3% - 5% instead.

Quote:
Let's assume that your second product costs $47.
Okay, sure. It's a bit of a stretch to sell a $7 customer a $47 product, but let's pretend.

Quote:
10% of 2,000 sales would equal that you make 200 sales with your second product, and 200 x $47 = $9400!
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.

"The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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Unread 18th December 2011, 12:47 AM   #40
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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"

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Unread 18th December 2011, 03:15 AM   #41
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Quote:
Originally Posted by Isaiah Jackson View Post
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"
Not necessarily.

One can be an incredibly successful marketer and never actually create their own process.

Look at Joel Comm.

He realized tremendous success with Google Adsense.

Was it his own product?

Nope. He utilized a program that Google had, and made it work for him.

He earned alot, and, by all accounts, was a "successful marketer".

He did take his business to the next level, though, by creating products that revolved around his experiences with success.

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Unread 18th December 2011, 04:35 AM   #42
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If you follow this approach, you don't really have to worry "BIG about SEO thing and its wonderful.
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Unread 18th December 2011, 06:54 AM   #43
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Originally Posted by CDarklock View Post
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.
CDarklock's got his points there.

Of course you are not going to get 2,000 sales in your first go, or even your first few goes. Getting a conversion rate of over 10% is also considered really high, I'd say.

Obviously those numbers were just an example to model out how much potential there are and how much money could be made by following this strategy.

So, why not start acting, start building up your reputation & relationship with the affiliates and start walking towards that goal?

You've already got a formula to follow, maybe one day you'll reach that level of sales and be that millionaire.
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Unread 18th December 2011, 07:07 AM   #44
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Quote:
Originally Posted by Ed Micah View Post
Obviously those numbers were just an example to model out how much potential there are and how much money could be made by following this strategy.
If you look around this very forum, it's not actually all that obvious. There are new threads every day about how the obvious example to show the potential was actually somehow a legally binding promise of results.

Now, granted, those people are... well, shall we say, challenged. But the gurus do this stuff all the time.

Frank Kern takes an astronomical amount of money and divides it down into a measly five or six sales a day.

Brendon Burchard takes a measly five or six sales a day and multiplies them out into an astronomical amount of money.

Same thing, just different directions. And they both make the same mistake: they pretend anyone can just walk in off the street and start making five and six sales a day.

That's not true.

But what is true is that a small number of sales adds up to a whole lot of money, given time and effort and repetition.

Which leads to this:

Quote:
So, why not start acting, start building up your reputation & relationship with the affiliates and start walking towards that goal?
Yes. Yes, that. Exactly that. The reality that it is hard starting out will not change. The time and energy and effort it takes to start out will not change.

And once you have taken a good hard look at that reality and seen the road ahead for what it is - not a $96 "War Room + WSO + WSO Pro" recipe, but a long and difficult push through a lot of questions and challenges - get your butt on the damn road and start pushing.

If all you do is sit around wishing the road wasn't so hard, you're not going to get anywhere. You will be a dork and not make any money. Take a deep breath, set your jaw, throw back those shoulders... and start down that road.

There are a lot of really cool, smart, fun people on the other side who want to meet you.

"The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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Unread 18th December 2011, 07:13 AM   #45
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Default Re: This is How The Big Boys Make Millions Online

I agree that product creation is one of the easiest ways to make money online, especially if you render a lot of value.
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Unread 18th December 2011, 07:20 AM   #46
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Quote:
Originally Posted by CDarklock View Post
If you look around this very forum, it's not actually all that obvious. There are new threads every day about how the obvious example to show the potential was actually somehow a legally binding promise of results.

Now, granted, those people are... well, shall we say, challenged. But the gurus do this stuff all the time.

Frank Kern takes an astronomical amount of money and divides it down into a measly five or six sales a day.

Brendon Burchard takes a measly five or six sales a day and multiplies them out into an astronomical amount of money.

Same thing, just different directions. And they both make the same mistake: they pretend anyone can just walk in off the street and start making five and six sales a day.

That's not true.

But what is true is that a small number of sales adds up to a whole lot of money, given time and effort and repetition.

Which leads to this:

Yes. Yes, that. Exactly that. The reality that it is hard starting out will not change. The time and energy and effort it takes to start out will not change.

And once you have taken a good hard look at that reality and seen the road ahead for what it is - not a $96 "War Room + WSO + WSO Pro" recipe, but a long and difficult push through a lot of questions and challenges - get your butt on the damn road and start pushing.

If all you do is sit around wishing the road wasn't so hard, you're not going to get anywhere. You will be a dork and not make any money. Take a deep breath, set your jaw, throw back those shoulders... and start down that road.

There are a lot of really cool, smart, fun people on the other side who want to meet you.
Well said

It isn't an easy path. Be prepared, get start working and break through the challenges without giving up easily.

You'll get there - for people who are just starting out
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Unread 18th December 2011, 07:29 AM   #47
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Thank you for the wonderful information It's worth reading
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Unread 18th December 2011, 08:21 AM   #48
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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
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Unread 18th December 2011, 10:26 AM   #49
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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
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Unread 18th December 2011, 02:24 PM   #50
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Default Re: This is How The Big Boys Make Millions Online

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!

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