39 replies
• |
I'm going to give you a simple formula I've used over the years to make money online...

Most people act like making money online is super hard, but in reality it's all math. Simple 5th or 6th grade math.

The first thing I like to do it work backwards...

Goal: Is \$1,000 in a day...

For this to happen, there are a few ways we can do it...

10 sales at \$100. Sounds difficult but it's not if you do it the right way. Since I've sold stuff and have tested a bunch of different price points I'l just give you my formula.

First, You should sell a low priced product from \$1-\$10.
Next, You should have an immediate upsell that ranges from \$97-\$297 (I like \$297)
Optional, another upsell for \$97-\$297

So let's imagine you have just two of these components in place.
Product one: \$10, Upsell 1: \$297,

Usually most products are hard to convert on the front-end unless they're super low priced, but they convert extremely high after someone has bought. So let's just say our front-end product converts at 2%. In my testing, an immediate upsell usually converts at a minimum of 10%. If you were going to sell a stand alone product for \$297 it wouldn't convert that high, however, when someone is a buying frenzy they're more likely to buy something else.

So let's work with those numbers... which are conservative btw. Realistically you really want your low priced product to convert at 5% or better, and your upsell to be at least 15%-20% take rate on the first pass.

Any way, with this example: If we want to pop 4 sales at \$297 which is \$1,188 in revenue, how many front-end sales do we need to make that happen?

We need 40 front-end sales.

On average 40 front-end sales that go to immediate upsell will convert at 10% giving us 4 sales at \$297.

So how much traffic do we need to get to our site to get 40 sales? We're working backwards here...

Since our front-end only converts at 2% we need 2000 visitors to see our offer.

2000 visitors to our offer that converts at 2%, will give us 40 front-end sales, which will lead to 4 upsells at \$297.

Here are some tips to increase your conversion rates in the process... Have a follow-up sequence to the people who don't buy. Make sure you inject benefits and scarcity to get people to take action.

Also to increase upsell numbers, you can have a follow-up sequence for your buyers who bought product one but didn't take the upsell. With a 4 day follow-up you should be able to get a 2-5% bump. Also, what Ryan Deiss does is offers a downsell for 3-payments of \$97.

40 sales at \$10 = \$400
4 sales at \$297 = \$1,188

Total revenue = \$1,588

Where do you get the traffic? There are plenty of places, solo ads, affiliates, facebook, bing... Once you have an outline of how to convert the traffic, you'll realize there are a bunch of places you can get traffic. The traffic opportunites are endless.

If you have a good offer, traffic won't be your problem.

Advanced Tip' If you can get your upsell to convert at 15%, here's how you can make some serious money.

So our front-end product converts at 2% and our first upsell is converting at 15%.

So with 2000 visitors we have 40 front-end sales, and 6 upsells.

40 front sales = \$400
6 upsells at \$297 = \$1,782

Total revenue = \$2,182

Most solo ad vendors sale traffic for .50 cents per click or so. 2000 clicks X . 50 cents = \$1,000 in ad spend...

Would you spend \$1,000 to make \$2,182? Yes! How often would you do it? If you could, you would do it daily. If you have a winning offer, that's what's possible.
• Its just a theory & plan, where's the actual method?
{{ DiscussionBoard.errors[10779456].message }}
•  Originally Posted by JawadAshraf Its just a theory & plan, where's the actual method?
The actual plan is there... This is something I've done before. Made nearly 70K passively in two month using that strategy.
{{ DiscussionBoard.errors[10779659].message }}
• In an ideal world, the maths is nice.

The truth is that your traffic quality is going to vary wildly on a day to day basis. Show me any solo ad vendor who can consistently send 2,000 QUALITY clicks per day and I'll keep them in business for life.

The truth is if their traffic was that great they would be using it to sell their own products and services.

Conversions are generally the easy part. It's getting good consistent traffic that's the hard part.
{{ DiscussionBoard.errors[10779514].message }}
•  Originally Posted by ViperChill In an ideal world, the maths is nice. The truth is that your traffic quality is going to vary wildly on a day to day basis. Show me any solo ad vendor who can consistently send 2,000 QUALITY clicks per day and I'll keep them in business for life. The truth is if their traffic was that great they would be using it to sell their own products and services. Conversions are generally the easy part. It's getting good consistent traffic that's the hard part.
I can show you one that can send 30,000 uniques per day. If you have a funnel that works you don't need great traffic... just semi-warmed up to convert like crazy. Hell if it's slightly warmed up your numbers will be better than this. These conservative examples were based off cold traffic from solos for example.

If you don't have a funnel, or never spent real money on getting leads into a deep funnel I don't you may be able to grasp this because you haven't expereinced it for yourself.
{{ DiscussionBoard.errors[10779667].message }}
•  Originally Posted by BrianWilson85 If you don't have a funnel, or never spent real money on getting leads into a deep funnel I don't you may be able to grasp this because you haven't expereinced it for yourself.
I average about 400 leads per day to my various funnels, hence why I made the comment that good traffic is the hard part.

Are you spending \$1,000 per day on ads? If so I would love to know which solos / traffic sources you use. Thanks!
{{ DiscussionBoard.errors[10779732].message }}
•  Originally Posted by ViperChill I average about 400 leads per day to my various funnels, hence why I made the comment that good traffic is the hard part. Are you spending \$1,000 per day on ads? If so I would love to know which solos / traffic sources you use. Thanks!
I know someone that spends \$30K-\$40K per month with http://thetrafficsource.net However, I can tell you they have a proven funnel and sell high ticket coaching as part of their back-end, which just a few sales per month drastically changes their bottom line.

They frequently have sales for like .45 per click. So you could sign up and wait for a sale and test them at a discount.
Signature
How to Build LARGE EMAIL LISTS on a Budget and MONETIZE Like a PRO
20+ Years Exp . . . . . . . . . . . . Email - CPA - PPL
{{ DiscussionBoard.errors[10779755].message }}
•  Originally Posted by DIABL0 I know someone that spends \$30K-\$40K per month with THE TRAFFIC SOURCE - Your number one source of online traffic! However, I can tell you they have a proven funnel and sell high ticket coaching as part of their back-end, which just a few sales per month drastically changes their bottom line. They frequently have sales for like .45 per click. So you could sign up and wait for a sale and test them at a discount.
Nice! Good stuff. One thing is some people don't promote high-ticket stuff to their list but then moan and groan about a source not being profitable. How do you know if it's profitable or not unless you've 1: Ran a sale to that list, 2: Sold something high-ticket to them.

Having something high-ticket on the backend almost always changes the dynamics of an ad.
{{ DiscussionBoard.errors[10779792].message }}
•  Originally Posted by ViperChill I average about 400 leads per day to my various funnels, hence why I made the comment that good traffic is the hard part. Are you spending \$1,000 per day on ads? If so I would love to know which solos / traffic sources you use. Thanks!
400 leads in a day is nice, but not a lot in the grand scheme of things. I've had plenty of 1,000 lead days, 2,000 lead days, and even a 3,000 lead day. The most I've spent on traffic in a week was \$12,000 from just e-mail traffic.

Here's an example: You can do a e-mail drop on Arcamax for example... Get thousands of leads and simply redirect to a simple CPL offer that pays you \$2-\$4 to simply recoup your adspend. Have a follow up sequence of four days or so that direct people to your offer. EVERYTHING you make from your own offer will be pure profit. Setup a monthly ad with that winning source then spend time finding a new source.

Over time you can have multiple campaigns going out on your behalf on autopilot that generate leads on demand.
{{ DiscussionBoard.errors[10779785].message }}
•  Originally Posted by ViperChill I average about 400 leads per day to my various funnels, hence why I made the comment that good traffic is the hard part. Are you spending \$1,000 per day on ads? If so I would love to know which solos / traffic sources you use. Thanks!
Btw, the source I mentioned as an example is one that Russell Brunson, Frank Kern, Jonathan Mizel, etc have all used over the years. I think I might do a case study showing me doing an ad on there as a WSO. You just gave me an idea.
{{ DiscussionBoard.errors[10779788].message }}
•  Originally Posted by BrianWilson85 Btw, the source I mentioned as an example is one that Russell Brunson, Frank Kern, Jonathan Mizel, etc have all used over the years. I think I might do a case study showing me doing an ad on there as a WSO. You just gave me an idea.

I think this would be a great idea! traffic is something a lot of people struggle with
Signature
====>READY To Be Successful Online? FIND OUT more!?<====
You FAIL online because you have the WRONG information.....
{{ DiscussionBoard.errors[10779914].message }}
•  Originally Posted by shaunybb I think this would be a great idea! traffic is something a lot of people struggle with
For sure... I will call my ad rep. They usually are pretty booked around this time of year. May be a week or two before I can get a drop with that source.
{{ DiscussionBoard.errors[10779935].message }}
•  Originally Posted by BrianWilson85 I can show you one that can send 30,000 uniques per day.
How can I do that Barry? I have a site with a 30 day free trial that I'm looking to drive traffic to. Its in the filmmaking sector.
{{ DiscussionBoard.errors[10792345].message }}
• It looks like a useful plan, especially for people who are fairly new to this way of marketing. If you know you've got a funnel that converts well, I think it's worth paying a bit more for traffic. There are some top solo ad sellers who will help you optimise your campaign and match it to their traffic. But you need a thousand USD or more to take part in that kind of thing usually.
Signature
{{ DiscussionBoard.errors[10779524].message }}
•  Originally Posted by jdjenkins It looks like a useful plan, especially for people who are fairly new to this way of marketing. If you know you've got a funnel that converts well, I think it's worth paying a bit more for traffic. There are some top solo ad sellers who will help you optimise your campaign and match it to their traffic. But you need a thousand USD or more to take part in that kind of thing usually.
usually you do need a bit of money to get it ramped up... Start where you are and be resourceful. If you don't have the money, find the money by adding value to the world. Take a small chuck of money invest it, track your results, and take 100% of the money you make to scale it up. The mistake most people make, including myself in the past, is they take a portion of that money they make to buy dumb stuff.

You shouldn't take not even \$1 out of your front-end funnel for personal use if you really want to scale. You can profit take from your backend money without feeling bad about it. The other problem is that most people look at the first offer in their funnel as the "front-end". Which it is... However, if you want to ramp it up, that whole sequence Product 1, and Product 2 should be looked at as a "front-end funnel".

If you can just break even, or even see a small profit in that front-end funnel, you can make a shit ton of money on the back-end.
{{ DiscussionBoard.errors[10779676].message }}
• Back end offers, thats where the real money is, I agree 100%. Cheers :-)
{{ DiscussionBoard.errors[10779707].message }}
•  Originally Posted by ydsimple Back end offers, thats where the real money is, I agree 100%. Cheers :-)
Yessir... that's where the moolah is.
{{ DiscussionBoard.errors[10779721].message }}
• awesome post problem is most people will still make it very complicated but its easier than they think
Signature
====>READY To Be Successful Online? FIND OUT more!?<====
You FAIL online because you have the WRONG information.....
{{ DiscussionBoard.errors[10779745].message }}
•  Originally Posted by shaunybb awesome post problem is most people will still make it very complicated but its easier than they think
Thank you, I appreciate it. Yeah, most people spend too much time buying products, shuffling papers, organizing their desks, and NOT actually testing some things and getting to the money...
{{ DiscussionBoard.errors[10779774].message }}
• This is one Method some refer to as The Ferrari Method...churn and burning and basing your Business on numbers.

It's a Method that does work for some I know some of the big players spend over \$100,000 a month on solos and do this Method.

The Emails are strictly promotion. As you said if they do not Convert on the intial offer then send them a Follow Up usin Scarcity etc..etc..

For many people it is easier and more wise to send Follow Ups with a Focus on Quality Content and Promotion and building a rapport.
But like I said there are people who do the Churn and Burn Method with Number.

I will take the Smaller List with more quality and higher targeted Leads !!

- Robert Andrew
Signature

Nothing to see here including a Sig so just move on :)

{{ DiscussionBoard.errors[10779777].message }}
•  Originally Posted by discrat This is one Method some refer to as The Ferrari Method...churn and burning and basing your Business on numbers. It's a Method that does work for some I know some of the big players spend over \$100,000 a month on solos and do this Method. The Emails are strictly promotion. As you said if they do not Convert on the intial offer then send them a Follow Up usin Scarcity etc..etc.. For many people it is easier and more wise to send Follow Ups with a Focus on Quality Content and Promotion and building a rapport. But like I said there are people who do the Churn and Burn Method with Number. I will take the Smaller List with more quality and higher targeted Leads !! - Robert Andrew
I'm not talking about churn and burn. I'm talking about the stuff guys like Kern and Deiss actually "do" and not really teach on a mainstream level. Ryan Deiss has given his 3-day follow up: Gain, Logic, Fear before.

Scarcity doesn't mean churn. I just want to extract the buyers sooner rather than later to recoup adspend. There's still relationship and value. In fact, more value. You can only do and say so much in your e-mails. If you have a product or service that can save someone's life we have to do the best job we can to give it to them.
{{ DiscussionBoard.errors[10780243].message }}
•  Originally Posted by discrat This is one Method some refer to as The Ferrari Method...churn and burning and basing your Business on numbers. It's a Method that does work for some I know some of the big players spend over \$100,000 a month on solos and do this Method. The Emails are strictly promotion. As you said if they do not Convert on the intial offer then send them a Follow Up usin Scarcity etc..etc.. For many people it is easier and more wise to send Follow Ups with a Focus on Quality Content and Promotion and building a rapport. But like I said there are people who do the Churn and Burn Method with Number. I will take the Smaller List with more quality and higher targeted Leads !! - Robert Andrew
I can't quite figure out what you're talking about here. Are you being contrary just to be contrary?

This has nothing to do with what you call "churn and burn" - burning through a list with nothing but junk offers. Who in their right mind would buy solo ads for that?

This is a very simple and proven system. The solo ads are no different than running FB, Adwords, banners, or whatever kind of ads.

#1 - drive targeted traffic to a squeeze page or low-cost offer, in this case using solo ads

#2 - wisely market to the resulting list.

Nothing 'churn and burn' about this. The difference here is in sending tons of traffic to the offer instead of piddly amounts like most people. The resulting lists are the same, just bigger.

What you do after you build the lists is the key, which is what you're talking about. There are several schools of thought as to the best types of mails to send after the list is built. Some lists respond better with more promotions, some don't.

Test, test, test.
Signature

The 2nd Amendment, 1789 - The Original Homeland Security.

Gun control means never having to say, "I missed you."

{{ DiscussionBoard.errors[10780872].message }}
• Wow thats a Cool idea my Friend. But better going to the Solo vendors to get Solo. We can contact the Blog and Ezine owners to get Solo Ads for Reasonable price. Also the Profit Ration will be High.
{{ DiscussionBoard.errors[10780925].message }}
•  Originally Posted by amalrichard Wow thats a Cool idea my Friend. But better going to the Solo vendors to get Solo. We can contact the Blog and Ezine owners to get Solo Ads for Reasonable price. Also the Profit Ration will be High.
Yeah that's good way to get in-front of list that aren't beat to death from people who "sell solos" constantly as a business model.
{{ DiscussionBoard.errors[10781153].message }}
• Thanks for the backup.

{{ DiscussionBoard.errors[10781152].message }}
•  Originally Posted by SteveJohnson I can't quite figure out what you're talking about here. Are you being contrary just to be contrary? This has nothing to do with what you call "churn and burn" - burning through a list with nothing but junk offers. Who in their right mind would buy solo ads for that? .
Hey Steve,
Yeah I was referring to the OP remarks about viewing Marketing ( and email marketing) as a numbers game. And this in fact can sometimes be tied into the Churn and Burn (at least according to his strategy). He is NOT building a relationship and providing Content other than Promotions using things like scarcity and just talking about benefits of his Products and little else

 Originally Posted by BrianWilson85 I Here are some tips to increase your conversion rates in the process... Have a follow-up sequence to the people who don't buy. Make sure you inject benefits and scarcity to get people to take action.

P.S.Steve you are NOT understanding the concept of Churning and Burning. It is NOT just predicated on sending out Junk Offers. It can be really top quality Offers but if you send out an Email three times a day EVERYDAY with only two lines of Content in them which are promotion Links ( even with quality offers ,not junk) it is still Churning and Burning
Signature

Nothing to see here including a Sig so just move on :)

{{ DiscussionBoard.errors[10781247].message }}
• A BIG problem I see is people just buying ebook after ebook or product after product and then not applying anything.

People don't like work, but to make real money online you need to put in the work, its not very hard, but putting in simple work, still takes work
Signature
====>READY To Be Successful Online? FIND OUT more!?<====
You FAIL online because you have the WRONG information.....
{{ DiscussionBoard.errors[10779786].message }}
• My simple goal with this post was to peel back the curtain and show someone how simple it could be to have a breakthrough in their business...

If anyone wants more specifics or like an action plan I could outline more of a how-to get it done.
{{ DiscussionBoard.errors[10779815].message }}
• Yep

THAT'S just math....

It all comes down to traffic. No traffic guess what?
NO MONEY
{{ DiscussionBoard.errors[10780235].message }}
•  Originally Posted by webproishere Yep THAT'S just math.... It all comes down to traffic. No traffic guess what? NO MONEY
Amen brother...
{{ DiscussionBoard.errors[10780240].message }}
• Banned
Great, I work on fiverr and I run a business for posting on forums on clients sites and I am not able to make more than \$100 a month. But your idea really inspires me to earn more. I will focus on my business promotion and sales. Thanks for your informative post
{{ DiscussionBoard.errors[10780542].message }}
•  Originally Posted by enjamulahsan Great, I work on fiverr and I run a business for posting on forums on clients sites and I am not able to make more than \$100 a month. But your idea really inspires me to earn more. I will focus on my business promotion and sales. Thanks for your informative post
It's hard to make \$1,000 if your business isn't setup to do those type of numbers... Like there are people who want to make \$100,000 per month but they don't have their own products, don't spend money on ads, don't sell anything high-ticket. I'm pretty sure there is a way to do it without those elements but it's just much, much harder...

Same with Fiverr, I'm pretty sure you can make some decent money with the site, however, you can make much more by adding affiliate marketing, product creation, and other things to the mix.
{{ DiscussionBoard.errors[10780742].message }}
•  The solo ads are no different than running FB, Adwords, banners, or whatever kind of ads.
You have obviously never run a solo ad.

This whole thread is a great place for newbies to see how misinformation and straight up bullshit is what people want.

Good luck!!
Signature
Get Off The Warrior Forum Now & Don't Come Back If You Want To Succeed!
All The Real Marketers Are Gone. There's Nothing Left But Weak, Sniveling Wanna-Bees!
{{ DiscussionBoard.errors[10781175].message }}
•  Originally Posted by Brent Stangel You have obviously never run a solo ad. This whole thread is a great place for newbies to see how misinformation and straight up bullshit is what people want. Good luck!!

Yeah right who thinks that adwords is the same as a solo? wow
Signature
====>READY To Be Successful Online? FIND OUT more!?<====
You FAIL online because you have the WRONG information.....
{{ DiscussionBoard.errors[10781224].message }}
• im still working towards my first \$1,000 day.

my funnel structure is similar to yours but traffic is not a steady thing,,,, i mean on how it converts..

Signature
>> 2018 Money Making Method Video Guides [NO OPTIN] <<
80% Of These Proven Guides Are Free... ]
{{ DiscussionBoard.errors[10792404].message }}
•  Originally Posted by aizaku im still working towards my first \$1,000 day. my funnel structure is similar to yours but traffic is not a steady thing,,,, i mean on how it converts.. it never stays steady
Is your traffic source consistent? Are you optimizing your campign along the way?
{{ DiscussionBoard.errors[10808613].message }}
• Yeah !! plan is Awesome but every one can not get benefit from this plan. This plan need very hard work also.
I am also making 800\$ per day from Adsense . But For this i did very hard work and planning.
{{ DiscussionBoard.errors[10792410].message }}
•  Originally Posted by seoexpert9 Yeah !! plan is Awesome but every one can not get benefit from this plan. This plan need very hard work also. I am also making 800\$ per day from Adsense . But For this i did very hard work and planning.
To make \$800 a day with adsense is way harder to make \$800 selling information and/or software. This post was about making \$1000 in a day from a funnel gearded towards that.
{{ DiscussionBoard.errors[10808617].message }}
• I did it within my first month over six years ago with adsense. Funny part about it is I had no idea what I was doing! I have had since other days making with Clickbank. Working on repeating and more consistent. Set times and DEADlines for your goals.

Somebody once asked me "if you had to start all over what would you do?" and... till the next time. Sorry I gotta go
Signature
Working to achieve higher results...
{{ DiscussionBoard.errors[10808625].message }}
• It really depends on the traffic that you have

If the traffic is really that good and method is working tge way it is specially if it cathes

their interest it sure is an easy money! ��
{{ DiscussionBoard.errors[10808638].message }}

• ### Infographic: Building trust in your target marketing with content marketing

WarriorForum.com in Learn

In today's digital world, where folks can get their hands on info in a jiffy, gaining trust from your audience is mega important for your marketing to work. Content marketing ... [read more]

• ### Proper use of User Titles

WarriorForum.com

Members are not allowed to use "Banned" as user titles. Admin has the right to modify profiles with such user titles, and will take action as needed. Thanks.

• ### More ecomm shoppers are using buy-now-pay-later

WarriorForum.com

Image source: Forbes Adobe's recent survey sees an increased use of buy-now-pay-later (BNPL) among eCommerce users in January and February. Adobe Digital Insights lead analyst Vivek Pandya says: "The ... [read more]

• ### need ideas

malcolm loebs

am very good with content creation what is the best way to show my ability to perspective clients am I'm even willing to work free for a little bit to ... [read more]

• ### Need Help with SEO for a Jewelry-Related Website

markhenryj01

Hello everyone, I have recently launched a website that sells a variety of jewelry items, from necklaces to earrings and bracelets. I am looking for some recommendations on how to ... [read more]