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Which path to choose ?

by Marko1989
12 replies
Hey Warriors,

since this is one of my first posts here on WF, i would like to briefly introduce myself before getting to the actual point of this thread. I'm a law & economics student from Germany with a high internet affinity and high level of education. Recently i started thinking of ways to increase my income and as a result i stumbled upon IM and soon found out about this forum as a great source of Information. I have been a lurker for some time until i decided that i wanted to profit from the highly praised War Room and the valuable information you would get there. So i did. I was amazed with the quantity and quality of information and i basically soaked up everything i could get my hands on like a sponge. Now i'm suffering from an information overload


So I would consider myself an expert at certain fields, such as Hair Loss & sports betting. I have heavily researched those niches for years, but without even having IM in the back of my mind. So you could say i was in the 'customer' or 'buyer's' position for years. I firmly believe that i can deliver and produce products and services with extremely high value and quality, actually i already have. Now, since im in the process of learning how to walk in the IM area, I'm having trouble finding out what the best path in my case would be.

I see 3 options :

1. Start from scratch. Use the knowledge i can gain from this Forum and start taking action and constantly improve via trial & error and slowly build a list & network. Monetize.

--> Advantages i see here: Learning the process, getting in-depth knowledge, being independent from others, tweaking everything to personal satisfaction, 100 % profit.

---> Disadvantages i see here: Lack of motivation due to the fact that it might take months to years before actually seeing financial results, having to invest great amount of time for getting expertise in comlex areas (SEO, creating sales funnels etc.)


2. Being the creator with 80 % Outsourcing to designers, copywriters, marketers.

--> Pro's: Less time invested, concentrate on product development, higher quality due to the expertise, much faster financial results.

--> Con's: Less profit, dependancy.


3. JV. Finding one experienced and quality IM Partner (with already built networks and huge list etc.). 50/50 Split.


---> Pro's: Immediate financial results, great quality with everything already in place.

---> Con's: Less profit, heavily dependent on one person ( might be risky), nothing really learnt in-depth.




Would love to hear your opinion on this. Thanks for reading

PS.: Thank you all very much for giving this community such great value and helping beginners with your shared wisdom !
#choose #hair loss #outsource #path #sports betting
  • Profile picture of the author IzzuDino
    Start from option one and work towards option three. Right there, my friend, you have laid out a blueprint.

    Start slowly and build. Of course if you have the resources having a coach will greatly accelerate your progress.

    Just a note of warning though: don;t fall into the trap I did and turn learning the ropes (in option 1) to "buying stuff which you don't need and don;t use..."

    Best of luck.
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  • Profile picture of the author absolutelee
    Pick a niche. Create or find a product. Learn one method of driving traffic. Quit thinking and start doing!
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    • Profile picture of the author Shadowflux
      I'm really tired so please excuse me if I don't sound very intelligent right now.

      I would go with Number 2. The reason is that you'll be building something. That 80% figure is probably a bit high and really isn't useful. You'll need to make an actual business plan and determine what sort of investment you're going to need to reach your goals.

      Let's say you want to create a book on hair loss. You hire a writer, cover designer, copywriter, and a website guy. I'll just pick a number and say this will cost you $500.

      Once you've got that work done, however, you have that product forever. It's yours completely and you'll have a number of different ways to make money from it. If you do well and make a ton of sales, you'll have exceeded that $500 investment cost and the rest will be profit.

      You can then start reinvesting in more effective marketing. This will increase your sales which means more money in your pocket.

      Then just do it all over again. Now you have 2 products and double the income opportunities. Do it again and you have 3, again and you have 4. I think you see where I'm going with this.

      Start small, build big.
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  • Profile picture of the author actionplanbiz
    #2 first. when its up use #3 for traffic and build #2 long the way
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  • Profile picture of the author Bailey Ing
    Hey Marko,

    Glad you've found the forum and have found it useful so far.

    You're already clear on what direction you want to go (information marketing) so that's half the battle already.

    One thing I've learnt is that "money likes speed". What I mean is the faster the speed of implementation means faster the profits.

    You need to focus on your strengths. For example if you think you can produce your products on your niche quickly with enough quality, then go for it. If however you hate writing, then outsourcing is the way to go.

    There are so many different options you can take so I can see you have categorized them into 3 options. If you break it down you're looking at it from a ROI perspective. i.e faster results but less profit or slower results but more profit.

    If you look at it like that, you'll always suffer from analysis paralysis - I did too when I first started and you end up wishing you took the other option when things get tough.

    Personally, I believe the best way to decide which option to go with is asking yourself this question: "Which option allows me to deliver the most value with what I have?"

    At this point there are pros and cons for each option. What can you give and what do you believe are your capabilities at this point?

    For example if you think you can easily find JVs, then go for it but if deep down you think it will be hard then it will end up taking much longer than you planned. So you might as well have marketed yourself. See what I mean?

    Go with what you really believe you can give/do rather than what you "should" and it will be the fastest path to profits.

    Good luck!
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  • Profile picture of the author NicheService
    It really boils down to how much money and time you have to spend. And how fast do you want to make money. Answering these questions will help you make the right choice. For example, if someone has the money but no time, he can go with option 2 or 3. But if he has no money but lots of time, he can go with option 1.
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  • Profile picture of the author Brent Stangel
    I firmly believe that i can deliver and produce products and services with extremely high value and quality, actually i already have.
    Then your path is clear - start marketing them.

    You can build a simple website so easily. List your product on affiliate networks. It's not hard and does not require anything like the $500 suggested above, if you write the content.
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  • Profile picture of the author affguy89
    Option 2 is not a bad idea. If the product is of high quality and addresses demands of the particular market good. Get affiliates for it. List it on a network. Spending money paid advertising requires more money especially if you are buying through a network that deals with several other networks.

    The least riskiest method will always cost you almost nothing or lots of time...Choose your destiny...
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    Affiliate links, templates, and redirects are not allowed.

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    • Profile picture of the author Marko1989
      Thank you for the replies ! Unfortunately, i cannot 'thank' you officially through that button, i guess i need to have more posts to enable this function.

      'Analysis Paralysis' Yes, that hits the nail on the head. But i have reached a point where i understand that it's time to actually implement the information i gathered up.

      Sure, i want to make money fast and im willing to invest money to accelerate that process, because let's be honest. Results keep us motivated. My fear is though, that i subcounciously don't have the will to learn the hard part of IM, the SEO, the technical backround etc. Do you think someone could succeed long-term if he would not get too deep into those backrounds ?
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    • Profile picture of the author Marko1989
      'Get affiliates for it. List it on a network'


      Just to make it clear, you mean for example putting it on clickbank and then looking for IMs to promote it ?
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  • Profile picture of the author bluebrain
    Looks like you have a good idea of how internet marketing works.

    Your path also depends on your available money to invest. If you have some $100 you could create your ebook and then drive traffic via PPC and quickly build a list interested in your offer, so you don't need JVs.

    For creating your funnel and ad copy you can ask around for help on this forum.
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  • Profile picture of the author IanM723
    Originally Posted by Marko1989 View Post

    Hey Warriors,

    since this is one of my first posts here on WF, i would like to briefly introduce myself before getting to the actual point of this thread. I'm a law & economics student from Germany with a high internet affinity and high level of education. Recently i started thinking of ways to increase my income and as a result i stumbled upon IM and soon found out about this forum as a great source of Information. I have been a lurker for some time until i decided that i wanted to profit from the highly praised War Room and the valuable information you would get there. So i did. I was amazed with the quantity and quality of information and i basically soaked up everything i could get my hands on like a sponge. Now i'm suffering from an information overload


    So I would consider myself an expert at certain fields, such as Hair Loss & sports betting. I have heavily researched those niches for years, but without even having IM in the back of my mind. So you could say i was in the 'customer' or 'buyer's' position for years. I firmly believe that i can deliver and produce products and services with extremely high value and quality, actually i already have. Now, since im in the process of learning how to walk in the IM area, I'm having trouble finding out what the best path in my case would be.

    I see 3 options :

    1. Start from scratch. Use the knowledge i can gain from this Forum and start taking action and constantly improve via trial & error and slowly build a list & network. Monetize.

    --> Advantages i see here: Learning the process, getting in-depth knowledge, being independent from others, tweaking everything to personal satisfaction, 100 % profit.

    ---> Disadvantages i see here: Lack of motivation due to the fact that it might take months to years before actually seeing financial results, having to invest great amount of time for getting expertise in comlex areas (SEO, creating sales funnels etc.)


    2. Being the creator with 80 % Outsourcing to designers, copywriters, marketers.

    --> Pro's: Less time invested, concentrate on product development, higher quality due to the expertise, much faster financial results.

    --> Con's: Less profit, dependancy.


    3. JV. Finding one experienced and quality IM Partner (with already built networks and huge list etc.). 50/50 Split.


    ---> Pro's: Immediate financial results, great quality with everything already in place.

    ---> Con's: Less profit, heavily dependent on one person ( might be risky), nothing really learnt in-depth.




    Would love to hear your opinion on this. Thanks for reading

    PS.: Thank you all very much for giving this community such great value and helping beginners with your shared wisdom !
    Welcome! After reviewing your post, I think option #1 is definitely the best way to go. You said yourself that with option 2 and 3, you aren't really learning anything and you are dependent on other people to make your business work. That won't be a successful model long-term, if your relationships die with your outsourcers or your JV's then so does your business! If that were to happen, you would be back at square one.

    Option 1 is the best long-term solution, it is actually building a long-term business rather than focusing on short term profits.

    Good Luck!
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