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The true formula to making money

by Vlad R
20 replies
I keep reading posts about traffic + conversions = money or value + conversions = money whatever the case maybe. These are all great formula's to making sales. But the true formula for money what I believe is

Product + demanding market= money

Service + demanding market = money
#formula #making #money #true
  • Profile picture of the author CMN2
    You still need to position yourself properly in the market to meet the demands of the product(s) sought.
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    • Profile picture of the author Riki Stein
      Exactly.

      Just having a product in a demanding market isn't going to help if you don't have a way to get that product to see the light of day, and subsequently, purchased.
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  • Profile picture of the author RogueOne
    Product + demanding market= money

    Service + demanding market = money
    Not leaving out too much there are you?

    That is like saying, "water is wet."
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    • Profile picture of the author Forteam04
      Originally Posted by RogueOne View Post

      Not leaving out too much there are you?

      That is like saying, "water is wet."
      Agreed !!!!
      this is not an easy way to go as described

      Product + demanding market= money
      Service + demanding market = money

      i add something to get more and efficient results.
      Quality of product + demanding market + Marketing + Service= Money
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    • Profile picture of the author joseph7384
      Originally Posted by RogueOne View Post

      Not leaving out too much there are you?

      That is like saying, "water is wet."


      A brilliant explanation that the OP'S post is lacking substance.
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  • Profile picture of the author Vlad R
    The WF forum is the same way I remember it to be =D
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  • Profile picture of the author sanf0rd1
    obviously if you provide value you'll have conversions. and obviously you must have traffic or else you'll get 0 conversions. also, value and a demanding market are both one and the same. for example, demand is what gives a product value, and value is what creates a demanding market. they can't exist without each other.

    the formula is to provide value by capturing the needs of a market demand, and get as much traffic as possible. simple.
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  • Profile picture of the author Ripster
    OP, money is also about beating your competition and the quality of your product.
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  • Profile picture of the author vojohn33
    you could have the best product in the world, but if nobody knows about it, you're basically going to get nowhere. products are over-saturating HIGH DEMAND niches nowadays, and if you don't know how to make your voice heard over thousands of others, there is no point in having a product or service in a high demand market. Though what you're saying is true to a point, the way you market will determine success. Marketing reigns supreme.
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  • Profile picture of the author Joan Altz
    But his stated formula is the correct one for the start of anything.

    Too many just begin something they "think" should work, drive lots of traffic to it, tweak the design as they go, and then after 2 or 3 years of that wonder why nobody is buying.
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  • Profile picture of the author writeaway
    How about do it the other way around: focus on the market first then produce a product? The problem with trying to create demand for stuff you think the market will like is that you're forcing yourself to work ten times harder. It's much easier to simply listen to your market and give it what it wants.
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  • Profile picture of the author MaxFreedom
    No! No! No! the formula is:

    LG x P(x) x SEO x C(x) x CS x EM x ME x V V x TM x VS x B(x) = $ + more responsibility + discovery of long lost relatives + gold digger romantic prospects aplenty + possibly getting fat.
    --------------------------

    LG = Lead Generation
    P(x) = Partners (to the power of the quality of the partner)
    SEO = Search Engine Optimization
    C(x) = Content (to the power of the quality and quantity of your content)
    CS = Content Syndication
    EM = Email Marketing
    ME = Marketing Exposure
    V V = Visitor Value
    TM = Traffic Monetization
    VS = Viral Systems
    B(x) = Brand (to the power of the quality of your brand)

    got this "formula" from John Reese long time ago, I added the outcome.
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    • Profile picture of the author dndoseller
      This is awesome and sums it up, thanks... you need all of these things...

      Originally Posted by MaxFreedom View Post

      No! No! No! the formula is:

      LG x P(x) x SEO x C(x) x CS x EM x ME x V V x TM x VS x B(x) = $ + more responsibility + discovery of long lost relatives + gold digger romantic prospects aplenty + possibly getting fat.
      --------------------------

      LG = Lead Generation
      P(x) = Partners (to the power of the quality of the partner)
      SEO = Search Engine Optimization
      C(x) = Content (to the power of the quality and quantity of your content)
      CS = Content Syndication
      EM = Email Marketing
      ME = Marketing Exposure
      V V = Visitor Value
      TM = Traffic Monetization
      VS = Viral Systems
      B(x) = Brand (to the power of the quality of your brand)

      got this "formula" from John Reese long time ago, I added the outcome.
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  • Profile picture of the author natnortey
    Originally Posted by Vlad R View Post

    I keep reading posts about traffic + conversions = money or value + conversions = money whatever the case maybe. These are all great formula's to making sales. But the true formula for money what I believe is

    Product + demanding market= money

    Service + demanding market = money
    Yes, you need a demanding product and a demanding market but you must know how to properly convert these markets into potential buyers and that's when proper conversion comes in.
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    • Profile picture of the author natnortey
      You have the true formula when you have control over a good demanding product, a strong demanding market and a effective converting machinery.
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  • Profile picture of the author xpesos
    The main problem is to reach demanding market once you have found it
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  • Profile picture of the author SoloSalinas
    No, everyone has it wrong here.

    Everyone knows that the true formula to making money online is something
    80% of us don't do.

    The true formula is.... (drum roll)

    action.
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    • Profile picture of the author celente
      Originally Posted by SoloSalinas View Post

      No, everyone has it wrong here.

      Everyone knows that the true formula to making money online is something
      80% of us don't do.

      The true formula is.... (drum roll)

      action.
      actually I like this! Well done

      It means all the above info is no use at all, unless one takes action on it. correct. without actoin, nothing gets done, so NO MONEY is made. yes.
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  • Profile picture of the author JRJWrites
    Originally Posted by Vlad R View Post

    Product + demanding market= money

    Service + demanding market = money
    Alright, you've got a product. You've got a demanding market. But you're not making any money...why?

    OH! It's because you have ZERO traffic - nobody's viewing your product service!

    Ok....you take care of that, and pull a few thousand visitors in but...they don't buy. Zero conversions.

    OH! It's because you haven't done CRO yet (conversion rate optimization)....

    And on it goes.

    If you're gonna stand there telling me that all I need to make money online is a high demand product/service, I'm gonna call B.S.
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  • Profile picture of the author msouth45
    I believe it is also not just about the product, but it also about the person selling the product. You can have a great product but have a bad attitude as a marketer, and no one will want to buy the product. Leadership goes a long way.
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