The $1.00 Way To Make Money
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Another post with great money making ideas from Jimmy D. Brown's Blog.
The $1.00 Way To Make Money
Almost every time someone sees me playing tennis during the middle of the workday or as I'm leaving or returning from traveling with my family, I invariably get this question asked to me...
"What do you do for a living?"
The internet marketing lifestyle is golden. The freedom and flexibility that comes with success in your internet business is the real value in this "job".
It's also what eludes 95% of those who attempt to start an internet business.
What I want to do in this lesson is explain two core steps for making a lot of money on the Internet. But first, let me explain the basic formula for making money online (or offline for that matter).
That's all you need. You need to offer something for sale and you need someone to buy it. That's the formula. It doesn't matter what kind of business you're in, that's how revenue is generated. You need a transaction to take place.
Now, let's look at two core steps that are involved...
1. FIND SOMETHING THAT WORKS TO GENERATE INCOME. Whether you're promoting an affiliate link, selling your own infoproducts, hosting auctions, flipping websites, generate ad clicks or any of a dozen other ways to make money, you need to find something that works to generate income. (NOTE: As we will look at below, this can be ANY amount of income ... even $1.00!)
2. REPEAT IT ENOUGH TIMES TO REACH YOUR SALES GOAL. Take your sales goal and divide it by your profit per transaction and you'll get the number of customers you'll need in order to reach the income level you are interested in. Don't make this more complicated than it needs to be. What you need to aim at is simple: duplication. Once you make money - ANY amount of money, even $1.00 - it's simply a matter of duplicating that process over and over again.
SIDEBAR: When I first starting an internet business back in 1999 something interesting happened to me. I made my first sale online which was for a whopping $12.95 (barely enough to buy a pizza!) Heck, I had to hand key in the order on the credit card machine that I used for my sports card shop because I didn't have an online order processor. But I remember dancing with my wife in the bedroom of our small house. Why? Because I realized even then the soundness of the steps I'm explaining to you today. I made $12.95 ... now all I had to do was repeat that over and over again to reach the income level I desired.
My first full year I made over $100,000 selling those low-cost products.
I found something that worked to generate income. I repeated it enough times to reach my sales goal. I connected an offer and a buyer. I got transactions. Ten years later I'm still operating by that same strategy.
Now let's talk about YOU.
Let's look at some quick models of income generation to see how this works. Let's assume that your goal is to make $1,000,000 (one million dollars) during the next 12 months. Let's see how you can do this...
1. The $1.00 Way.
There was a well known news story a while back about a guy who sold one million pixels of advertising on his website at $1.00 each. The result was a whopping one million dollars in revenue. While this is the most difficult way to do it (simply because you need to find more customers than the average person can find), it is possible. The principle is the same: find something that works to generate income and repeat it enough times to reach the goal.
2. Ad Sites That Generate $10.00 Per Day.
Another option is to create a content site that generates income through clicks through one of the popular advertising networks such as Google Adsense®. If you setup a site that generates just $10.00 per day in revenue in one year you'd make $3,650. How would you apply the strategy we've talked about today? You'd setup 274 of these ad sites for different niches in order to generate the one million dollars based on $10.00 per day for each of them.
3. Membership Site That Earns $5,000 Per Month.
What about a membership site? The beauty of membership sites is this: a customer pays you money month after month for as long as they remain an active member. You need LESS customers to make a similar amount of money. So, if you have a membership site that earns $5,000 per month it will yield $60,000 per year. Again, what's the practice? You'd need 17 membership sites in order to generate one million dollars in the next year with similar numbers.
4. An eClass That Earns $25,000 Per Month.
Offering a 4-week eclass with personalized coaching at $997-$1997 per student enrollment is another option. Obviously, the higher the cost, the less customers you'll need to find. If you have an eClass that pulls in $25,000 per month, it would yield $300,000 per year. Just FOUR eClasses with these results would tip the one million dollar mark quite nicely.
5. A Product Launch That Pulls In $500,000.
Let's suppose you create a great product, get a bunch of great partnerslined up to promote it and pull off a great launch that yields $500,000 in revenue. Principle at work? Repeat it just TWICE and you've a cool million dollars coming in.
And these are just a few of the options that are available to you.
No matter what you're price point (and, as a general rule it IS easier to find less customers who spend more money than it is to find more customers who spend less money) the way to make money is the same in all regards:
You need an offer and a buyer.
You need to find something that works to generate revenue and then repeat it enough times to reach your sales goal.
That's how you make money.
Now, there is a RIGHT way to do this and a WRONG way to do this. There are some GOOD decisions to be made and some BAD decisions to be made. There are IMPORTANT steps to take in the process and there are TIME/MONEY WASTING steps to take in the process.
If you need some personal, hand-holding from a ten year full-time veteran, this is your chance to make sure you get it all right. For the FINAL TIME I will be offering my popular Six-Figure Formula eclass at http://www.SixFigureFormula.com I will be permanently "retiring" it after the current class and it will not be offered again.
If you'd like me to personally help you create a plan to build an internet business, then drop by for all the details at http://www.SixFigureFormula.com There are ONLY 50 SPOTS AVAILABLE and this will be the last time I do the class. Join me today.
Get Jimmy's $997 PLR Package for $20
Dania
www.makingmoneyhowto.biz
www.homebusinesstalk.biz
www.momsebizblog.blogspot.com
The $1.00 Way To Make Money
Almost every time someone sees me playing tennis during the middle of the workday or as I'm leaving or returning from traveling with my family, I invariably get this question asked to me...
"What do you do for a living?"
The internet marketing lifestyle is golden. The freedom and flexibility that comes with success in your internet business is the real value in this "job".
It's also what eludes 95% of those who attempt to start an internet business.
What I want to do in this lesson is explain two core steps for making a lot of money on the Internet. But first, let me explain the basic formula for making money online (or offline for that matter).
To make money you need an offer and a buyer.
That's all you need. You need to offer something for sale and you need someone to buy it. That's the formula. It doesn't matter what kind of business you're in, that's how revenue is generated. You need a transaction to take place.
Now, let's look at two core steps that are involved...
1. FIND SOMETHING THAT WORKS TO GENERATE INCOME. Whether you're promoting an affiliate link, selling your own infoproducts, hosting auctions, flipping websites, generate ad clicks or any of a dozen other ways to make money, you need to find something that works to generate income. (NOTE: As we will look at below, this can be ANY amount of income ... even $1.00!)
2. REPEAT IT ENOUGH TIMES TO REACH YOUR SALES GOAL. Take your sales goal and divide it by your profit per transaction and you'll get the number of customers you'll need in order to reach the income level you are interested in. Don't make this more complicated than it needs to be. What you need to aim at is simple: duplication. Once you make money - ANY amount of money, even $1.00 - it's simply a matter of duplicating that process over and over again.
SIDEBAR: When I first starting an internet business back in 1999 something interesting happened to me. I made my first sale online which was for a whopping $12.95 (barely enough to buy a pizza!) Heck, I had to hand key in the order on the credit card machine that I used for my sports card shop because I didn't have an online order processor. But I remember dancing with my wife in the bedroom of our small house. Why? Because I realized even then the soundness of the steps I'm explaining to you today. I made $12.95 ... now all I had to do was repeat that over and over again to reach the income level I desired.
My first full year I made over $100,000 selling those low-cost products.
I found something that worked to generate income. I repeated it enough times to reach my sales goal. I connected an offer and a buyer. I got transactions. Ten years later I'm still operating by that same strategy.
Now let's talk about YOU.
Let's look at some quick models of income generation to see how this works. Let's assume that your goal is to make $1,000,000 (one million dollars) during the next 12 months. Let's see how you can do this...
1. The $1.00 Way.
There was a well known news story a while back about a guy who sold one million pixels of advertising on his website at $1.00 each. The result was a whopping one million dollars in revenue. While this is the most difficult way to do it (simply because you need to find more customers than the average person can find), it is possible. The principle is the same: find something that works to generate income and repeat it enough times to reach the goal.
2. Ad Sites That Generate $10.00 Per Day.
Another option is to create a content site that generates income through clicks through one of the popular advertising networks such as Google Adsense®. If you setup a site that generates just $10.00 per day in revenue in one year you'd make $3,650. How would you apply the strategy we've talked about today? You'd setup 274 of these ad sites for different niches in order to generate the one million dollars based on $10.00 per day for each of them.
3. Membership Site That Earns $5,000 Per Month.
What about a membership site? The beauty of membership sites is this: a customer pays you money month after month for as long as they remain an active member. You need LESS customers to make a similar amount of money. So, if you have a membership site that earns $5,000 per month it will yield $60,000 per year. Again, what's the practice? You'd need 17 membership sites in order to generate one million dollars in the next year with similar numbers.
4. An eClass That Earns $25,000 Per Month.
Offering a 4-week eclass with personalized coaching at $997-$1997 per student enrollment is another option. Obviously, the higher the cost, the less customers you'll need to find. If you have an eClass that pulls in $25,000 per month, it would yield $300,000 per year. Just FOUR eClasses with these results would tip the one million dollar mark quite nicely.
5. A Product Launch That Pulls In $500,000.
Let's suppose you create a great product, get a bunch of great partnerslined up to promote it and pull off a great launch that yields $500,000 in revenue. Principle at work? Repeat it just TWICE and you've a cool million dollars coming in.
And these are just a few of the options that are available to you.
No matter what you're price point (and, as a general rule it IS easier to find less customers who spend more money than it is to find more customers who spend less money) the way to make money is the same in all regards:
You need an offer and a buyer.
You need to find something that works to generate revenue and then repeat it enough times to reach your sales goal.
That's how you make money.
Now, there is a RIGHT way to do this and a WRONG way to do this. There are some GOOD decisions to be made and some BAD decisions to be made. There are IMPORTANT steps to take in the process and there are TIME/MONEY WASTING steps to take in the process.
If you need some personal, hand-holding from a ten year full-time veteran, this is your chance to make sure you get it all right. For the FINAL TIME I will be offering my popular Six-Figure Formula eclass at http://www.SixFigureFormula.com I will be permanently "retiring" it after the current class and it will not be offered again.
If you'd like me to personally help you create a plan to build an internet business, then drop by for all the details at http://www.SixFigureFormula.com There are ONLY 50 SPOTS AVAILABLE and this will be the last time I do the class. Join me today.
Get Jimmy's $997 PLR Package for $20
Dania
www.makingmoneyhowto.biz
www.homebusinesstalk.biz
www.momsebizblog.blogspot.com