Here's how to earn a million bucks in 12 months selling a CB product (feedback please)

17 replies
Does this little exercise get anyone else excited? Read it to the end and let me what you think and then vote in the poll above please.

I think most of us massively underestimate what we can achieve. I believe in thinking big. Set some goal which gets you really excited and then reverse engineer it to make your plan.

It's amazing the power of breaking down something big into small bite sized chunks.

OK so let's assume you picked a high converting product to sell in some niche full of hungry buyers.

You’ve set up a squeeze page with a free give away product to collect subscribers and then are marketing to them with a newsletter series.

(If you don’t know how to do this, search through this forum or ask someone - it's not hard.)

Now, let’s say that for every ebook you sell you get $47 commission.

1,000,000 / 47 = 21,277 (this is how many ebooks you need to sell over the next 12 months - that’s a big scary number right...)

Let’s break it down further

21,277 / 52 = (You need to sell 410 ebooks each week)

410 / 7 = (59 ebooks every day)

===> So you need to find a way to sell 59 ebooks every day for the next 365 days.

OK. A crappy sales letter should convert at around 1%.

59 * (100/1) = 5900. You need to send 5900 people to the sales page every day.

If your squeeze page converts at 50%:

5900 * (100/50) = 11,800 people to your squeeze every day. (Damn! that still sounds like a lot)

BUT,

A well written newsletter series should convert closer to 10%

11,800 / 10 = 1,180

===> If you send 1,180 people to your squeeze page every day you’ll earn $1,000,000 in the next 12 months. Pretty cool huh?

Don’t you think that if you really put your mind to it, and made it your number 1 top priority you could find a way to find these people??

Something like 365 million people use the internet everyday, so funnelling off your 1180 is equivalent to taking teaspoons of water out of the pacific ocean...

But wait, what happens if we find even better numbers?


Let’s go back to step one and choose a product on CB that sells for an average of $94.

That’s twice as much as before. After all you’ve gone to the hassle of getting a sale you may as well get as much as you can out of it.

So now you need:

59 / 2 = 30 sales every day

1,180 / 2 = 590 people to your squeeze every day.

If you committed you're next 12 months to achieving that would it be worth it? If it was your chief aim and goal would you be able to find a way to send 590 people to your squeeze?

GO UP AND VOTE PLEASE!!
#bucks #earn #feedback #here’s #million #months #product #selling
  • Profile picture of the author John Atkins
    Yes when you put it that way it looks simple.

    Easier said than done. It's not impossible though.
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  • Profile picture of the author TonyG23
    Great info here. Most people think it's not possible but it very well is possible for anyone to do it!
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  • Profile picture of the author JoeMack
    Very nice breakdown of the numbers. Mathematically, it makes sense.

    Actually doing the work is a different story.

    JoeMack
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    • Profile picture of the author Daniel Evans
      It's a logical disection, but the best way to convince is to do it yourself, assuming you haven't already.

      Daniel
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  • Originally Posted by Brannigans View Post

    Does this little exercise get anyone else excited? Read it to the end and let me what you think and then vote in the poll above please.

    I think most of us massively underestimate what we can achieve. I believe in thinking big. Set some goal which gets you really excited and then reverse engineer it to make your plan.

    It's amazing the power of breaking down something big into small bite sized chunks.

    OK so let's assume you picked a high converting product to sell in some niche full of hungry buyers.

    You've set up a squeeze page with a free give away product to collect subscribers and then are marketing to them with a newsletter series.

    (If you don't know how to do this, search through this forum or ask someone - it's not hard.)

    Now, let's say that for every ebook you sell you get $47 commission.

    1,000,000 / 47 = 21,277 (this is how many ebooks you need to sell over the next 12 months - that's a big scary number right...)

    Let's break it down further

    21,277 / 52 = (You need to sell 410 ebooks each week)

    410 / 7 = (59 ebooks every day)

    ===> So you need to find a way to sell 59 ebooks every day for the next 365 days.

    OK. A crappy sales letter should convert at around 1%.

    59 * (100/1) = 5900. You need to send 5900 people to the sales page every day.

    If your squeeze page converts at 50%:

    5900 * (100/50) = 11,800 people to your squeeze every day. (Damn! that still sounds like a lot)

    BUT,

    A well written newsletter series should convert closer to 10%

    11,800 / 10 = 1,180

    ===> If you send 1,180 people to your squeeze page every day you'll earn $1,000,000 in the next 12 months. Pretty cool huh?

    Don't you think that if you really put your mind to it, and made it your number 1 top priority you could find a way to find these people??

    Something like 365 million people use the internet everyday, so funnelling off your 1180 is equivalent to taking teaspoons of water out of the pacific ocean...

    But wait, what happens if we find even better numbers?


    Let's go back to step one and choose a product on CB that sells for an average of $94.

    That's twice as much as before. After all you've gone to the hassle of getting a sale you may as well get as much as you can out of it.

    So now you need:

    59 / 2 = 30 sales every day

    1,180 / 2 = 590 people to your squeeze every day.

    If you committed you're next 12 months to achieving that would it be worth it? If it was your chief aim and goal would you be able to find a way to send 590 people to your squeeze?

    GO UP AND VOTE PLEASE!!
    Easier way is to sell less ebooks but upsell expensive coaching to buyers and other relavent products.
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    Join Next Live Mastermind Zoominar 100% Real World Secrets to Get Up And Running. Are you Stuck? Don’t miss it www.MonthlyMastermind.org
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    • Profile picture of the author IamBaksi
      lol Dude You're Such An Optimist! That's actually a good thing if you ask me. Like what others have said, it's not impossible but definitely hard to do. You need a really good traffic source for that

      Caleb
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      Please do not use affiliate links in signatures

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      • Profile picture of the author Max Greenflame
        Nice picture of income generation. But actually it's not so easy. The first thing to destroy it is the product, it's gonna be harder and harder to sell month after month. Number of sales will be dropping down and down. To keep this picture beautiful I recommend to switch products as soon as sales start decreasing.
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        • Profile picture of the author huester
          Originally Posted by Max Greenflame View Post

          Nice picture of income generation. But actually it's not so easy. The first thing to destroy it is the product, it's gonna be harder and harder to sell month after month. Number of sales will be dropping down and down. To keep this picture beautiful I recommend to switch products as soon as sales start decreasing.
          Good idea, best to keep an eye on up coming launches also so you got a list of newly products and get your list to buy before they buy from someone else's affiliate link.
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  • Profile picture of the author Alexa Smith
    Banned
    Interesting.

    Originally Posted by Brannigans View Post

    I think most of us massively underestimate what we can achieve.
    I think most of us massively underestimate what we can achieve slowly; yes. But we also tend massively to overestimate what we can achieve quickly.

    I suspect that part of the difficulty with analysing this in a "linear" fashion (as one almost inevitably does, initially, in order to have figures to discuss) is that the outcomes from doing this tend, actually, to be non-linear. It may well be the case that in month 11/12 of your "year", for example, you make 3-4 times the number of sales that you'll make in month 1/2. Which complicates the calculation attempts quite a bit.

    Originally Posted by Brannigans View Post

    It's amazing the power of breaking down something big into small bite sized chunks.
    I agree: I think this is an intrinsically useful and helpful approach.

    Originally Posted by Brannigans View Post

    OK so let's assume you picked a high converting product to sell in some niche full of hungry buyers.
    This is perhaps going to be a high-popularity, high-gravity product, with very great competition? I'm not saying that's necessarily a "bad thing", but I think it is probably a "thing"?

    Originally Posted by Brannigans View Post

    You’ve set up a squeeze page with a free give away product to collect subscribers and then are marketing to them with a newsletter series.
    Not my first choice (especially wanting this number of sales), but ok ...

    Originally Posted by Brannigans View Post

    Now, let’s say that for every ebook you sell you get $47 commission.
    Are you an affiliate, or the vendor?

    What's the retail price of the product?

    I think this is of crucial importance, in this context, because whereas selling a high-priced ClickBank product to people who've already bought something from/through you is one thing, selling it as an "initial sale", especially to "mixed-quality traffic" is a very different matter altogether, isn't it? And selling it "cold", on that scale, to SEO traffic is more or less an impossibility (in my opinion)?

    Originally Posted by Brannigans View Post

    A crappy sales letter should convert at around 1%.
    Sorry ... what exactly do you mean by "sales letter"? Are you referring to something you send out to your list, here, or to the product's sales page?

    Originally Posted by Brannigans View Post

    A well written newsletter series should convert closer to 10%
    Yes indeed ... exactly so. Or higher.

    Originally Posted by Brannigans View Post

    Let’s go back to step one and choose a product on CB that sells for an average of $94.

    That’s twice as much as before.
    Again, are we the vendor, here? Or an affiliate? If we're an affiliate, even on 75% commission, to get $94 per sale, the retail price of the product needs to be over $136, before ClickBank deductions. This is a very different proposition, isn't it? It greatly limits the selection-field, and surely necessitates selling (at least) a $47 product to the same people first, to achieve significant numbers of sales of the expensive product?

    I don't deny that it's possible (though unusual) to have a squeeze-page which opts in 50% of the traffic, but all my experience - and this is something I've split-tested a lot, in different niches - is that a content-rich site which opts people in at 15% instead of a squeeze page which opts them in at 50% is actually going to produce more income, because of course different people opt in: http://www.warriorforum.com/main-int...ml#post7939758

    I agree, in principle with "the fact you're breaking down the numbers", but what I'm really asking, here, is whether you think that income might be more realistically achievable with a slightly different plan, perhaps involving three different products and building the list without using a squeeze page, per se? Just thinking "aloud", here, really ...
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    • Profile picture of the author Brannigans
      Originally Posted by Alexa Smith View Post

      Interesting.



      I think most of us massively underestimate what we can achieve slowly; yes. But we also tend massively to overestimate what we can achieve quickly.

      I suspect that part of the difficulty with analysing this in a "linear" fashion (as one almost inevitably does, initially, in order to have figures to discuss) is that the outcomes from doing this tend, actually, to be non-linear. It may well be the case that in month 11/12 of your "year", for example, you make 3-4 times the number of sales that you'll make in month 1/2. Which complicates the calculation attempts quite a bit.



      I agree: I think this is an intrinsically useful and helpful approach.



      This is perhaps going to be a high-popularity, high-gravity product, with very great competition? I'm not saying that's necessarily a "bad thing", but I think it is probably a "thing"?



      Not my first choice (especially wanting this number of sales), but ok ...



      Are you an affiliate, or the vendor?

      What's the retail price of the product?

      I think this is of crucial importance, in this context, because whereas selling a high-priced ClickBank product to people who've already bought something from/through you is one thing, selling it as an "initial sale", especially to "mixed-quality traffic" is a very different matter altogether, isn't it? And selling it "cold", on that scale, to SEO traffic is more or less an impossibility (in my opinion)?



      Sorry ... what exactly do you mean by "sales letter"? Are you referring to something you send out to your list, here, or to the product's sales page?



      Yes indeed ... exactly so. Or higher.



      Again, are we the vendor, here? Or an affiliate? If we're an affiliate, even on 75% commission, to get $94 per sale, the retail price of the product needs to be over $136, before ClickBank deductions. This is a very different proposition, isn't it? It greatly limits the selection-field, and surely necessitates selling (at least) a $47 product to the same people first, to achieve significant numbers of sales of the expensive product?

      I don't deny that it's possible (though unusual) to have a squeeze-page which opts in 50% of the traffic, but all my experience - and this is something I've split-tested a lot, in different niches - is that a content-rich site which opts people in at 15% instead of a squeeze page which opts them in at 50% is actually going to produce more income, because of course different people opt in: http://www.warriorforum.com/main-int...ml#post7939758

      I agree, in principle with "the fact you're breaking down the numbers", but what I'm really asking, here, is whether you think that income might be more realistically achievable with a slightly different plan, perhaps involving three different products and building the list without using a squeeze page, per se? Just thinking "aloud", here, really ...
      Alexa I loved your comments.

      My numbers are based on us being the affiliate and selling a product that probably has a recurring income to give an average sale of around $94.

      The point I'm making is that even if we only got 47 or 37 or 27 or whatever commission per sale, knowing the exact numbers is really helpful motivation. And makes it easier to stay focussed on traffic generation and not get sidetracked.

      I'd love for you to post a breakdown of your numbers in a similar manner? Would you be prepared to?

      Anyway, it's interesting that people find this interesting...
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  • Profile picture of the author seonutshell
    "If your squeeze page converts at 50%:"

    Are you in S club 7? because you are reaching for the stars here.Dont get me wrong, if you can achieve that good work, but easier said than done.
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  • Profile picture of the author salegurus
    Yes in Theory.
    If ifs and buts were candy and nuts we'd all have a merry Christmas.
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    Think of how stupid the average person is, and realize half of them are stupider than that.

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  • Profile picture of the author DubDubDubDot
    You are in the delusional newbie stage. That's okay, everyone goes through it.

    You aren't going to make $1 Million selling ebooks. At least not without being a bigtime authority figure and having an aggressive advertising plan. Shoot for $10,000 first and see where that takes you.
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    • Profile picture of the author Steve B
      Brannigans,

      Here are a few little modifications I would consider in your plan that might help your goal become more achievable.
      1. Instead of an affiliate product, create or license a product so that it's your own.
      2. Instead of going for generic traffic with low conversions, target traffic so that you have fewer prospects, but a much greater percentage of them targeted specifically to your niche (and the product).
      3. Instead of a "crappy" sales letter, there are some good copywriters here in the WF that are quite reasonable. Pay them to develop a good, enticing, letter. If you do the research and give the writer a detailed outline of all the benefits, features, some testimonials, etc, you will be way ahead.
      4. Get some good, honest, testimonials in advance - folks right here on the WF will help you get what you need.
      5. Set up a simple sales funnel with back end products that are increasingly more expensive. Your plan calls for straight one time single sales to strangers. My experience has been that it's easier to sell to previous buyers. So why not put a good portion of your effort into getting some good backend related products, or maybe a premium membership site so that you can earn from folks that have already spent money with you?
      I'm sure others could add some additional ideas that will boost your plan.

      Granted, what I'm suggesting will take a little more effort than simply driving mega-traffic to one offer.

      However, I think your chances of reaching your goal are enhanced significantly be adding these modifications to your plan. Isn't the extra effort worth it?

      Good luck to you,

      Steve
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    • Profile picture of the author BobTheBostonian
      Originally Posted by DubDubDubDot View Post

      You are in the delusional newbie stage. That's okay, everyone goes through it.

      You aren't going to make $1 Million selling ebooks. At least not without being a bigtime authority figure and having an aggressive advertising plan. Shoot for $10,000 first and see where that takes you.
      Check the signature, this guy already makes $17k every thirty days with free traffic :rolleyes:.
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  • Profile picture of the author RogueOne
    You are in the delusional newbie stage. That's okay, everyone goes through it.
    I love the way they always include a bunch of hypothetical numbers and "what ifs."
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