Extra $1.5k Per Month - Next Steps? | Warrior Forum - The #1 Digital Marketing Forum & Marketplace

8 years ago

Originally Posted by ryan.arnfinson

Hey,it's been a while Warriors. I've been building up my freelancer profile and it's a great backup plan. I'm the full time digital marketing director for a local service company while working from home with a flexible schedule and I'm thankful for it.

But it's time for the next level. Starting next week, I'll have an extra $1500 per month to utilize for an online business. Any thoughts on which business model to go with?

I'd prefer to keep it online. Not selling services to local business. So list building and affiliate marketing, or my own products. Something more passive than active based. I want to scale up to 10-30k per month as quickly as possible. I will treat it as a real business and do it right.

Any suggestions?

Thanks,
Ryan

Kindle Publishing is the easiest way that I know. The fastest also.

Other than that, I would say Amazon FBA. Creating your private label products is an amazing way to make money also. It is more complicated and require more money upfront though.

Other than that, affiliate marketing is great, but it will take a long time before you make money. Getting traffic, converting that that traffic is way harder than people think. This is more of a long term business model in my opinion.

These are my 3 favorite business models in order of complexity.

Ps: I Lived in Calgary for about one year and a half. Corner 4th street and 17th avenue S.W

Stampede was fun.

Thanks

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ryan.arnfinson

8 years ago

Hey, I appreciate that. I hadn't seriously considered Kindle or FBA yet. Thanks for your input.

-Ryan

Thanks
1 reply

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samuelbreezey

8 years ago

Originally Posted by ryan.arnfinson

Hey, I appreciate that. I hadn't seriously considered Kindle or FBA yet. Thanks for your input.

-Ryan

I don't have a great deal of experience with FBA however I don't feel Kindle is as great as it used to be.

IMO your too reliant on Amazon, yes you could make 2K plus a month from KDP but then say if Amazon change their algorithms and you see your profit drop to around 1K then next to nothing....

I've personally seen this happen to me.

Kindle has it's pro's and con's - it's so easy to publish your book on their, it can literally take a day to write a book and have it accepted but then with that I feel the market place is way too saturated.

I think KDP could be used in other ways such as creating a 99 cent book that is a shorter version of say a digital product you will be selling and within that book have links to a landing page of your main product. I have seen thousand of downloads on my books when they have been on KDP for FREE for 5 days so this is a great way to get great traffic to your page.

Also have links to a mailing list.

Hope this helps
Sam

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ryan.arnfinson

8 years ago

Originally Posted by samuelbreezey

I don't have a great deal of experience with FBA however I don't feel Kindle is as great as it used to be.

IMO your too reliant on Amazon, yes you could make 2K plus a month from KDP but then say if Amazon change their algorithms and you see your profit drop to around 1K then next to nothing....

I've personally seen this happen to me.

Kindle has it's pro's and con's - it's so easy to publish your book on their, it can literally take a day to write a book and have it accepted but then with that I feel the market place is way too saturated.

I think KDP could be used in other ways such as creating a 99 cent book that is a shorter version of say a digital product you will be selling and within that book have links to a landing page of your main product. I have seen thousand of downloads on my books when they have been on KDP for FREE for 5 days so this is a great way to get great traffic to your page.

Also have links to a mailing list.

Hope this helps
Sam

Thanks for the heads up! I appreciate it.

-Ryan

Thanks

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IM Nathan

8 years ago

Creating your own products can be very challenging and very rewarding at the same time. My focus is generally on building a 'business', so I always aim long term. It's just a matter of putting a plan in place and the means to action it.

Thanks
1 reply

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ryan.arnfinson

8 years ago

Originally Posted by IM Nathan

Creating your own products can be very challenging and very rewarding at the same time. My focus is generally on building a 'business', so I always aim long term. It's just a matter of putting a plan in place and the means to action it.

Long term is the plan. And I'm all about action but now I'll have the funds to leverage outsourcing and traffic so just wanting to be as passionate about the business model as possible and looking at all of my options.

Thanks,
Ryan

Thanks

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visimedia

8 years ago

I think building a good blog aroudn your freelancing niche will be a good thing to do , you're able to talk things about it for free, monetize it wiht list building n sending solo ads.. good idea?

Thanks
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ryan.arnfinson

8 years ago

Originally Posted by visimedia

I think building a good blog aroudn your freelancing niche will be a good thing to do , you're able to talk things about it for free, monetize it wiht list building n sending solo ads.. good idea?

Hi, visimedia.

It's a good idea. I've thought about this too and have lots of value to offer. Perhaps a bit longer to scale than I'd like though I will keep it in mind.

Thanks,
Ryan

Thanks

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DWaters

8 years ago

I also want to suggest the idea of setting up an FBA business to sell inventory on Amazon. Depending on how you set it up it does not have to consume a lot of time and can be rather profitable.

Thanks
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ryan.arnfinson

8 years ago

Originally Posted by DWaters

I also want to suggest the idea of setting up an FBA business to sell inventory on Amazon. Depending on how you set it up it does not have to consume a lot of time and can be rather profitable.

Hey, DWaters.

That's a second for FBA. I'll look into it shortly. Thanks a lot.

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ChrisBa

8 years ago

Originally Posted by ryan.arnfinson

Hey,it's been a while Warriors. I've been building up my freelancer profile and it's a great backup plan. I'm the full time digital marketing director for a local service company while working from home with a flexible schedule and I'm thankful for it.

But it's time for the next level. Starting next week, I'll have an extra $1500 per month to utilize for an online business. Any thoughts on which business model to go with?

I'd prefer to keep it online. Not selling services to local business. So list building and affiliate marketing, or my own products. Something more passive than active based. I want to scale up to 10-30k per month as quickly as possible. I will treat it as a real business and do it right.

Any suggestions?

Thanks,
Ryan

I'd recommend list building and affiliate marketing, but I am biased

[ 1 ] Thanks

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webmarke

8 years ago

If you are looking to make a passive income, then building a list and then creating followup emails to send to your list is the way to go.

In theory (and in actual facts) you could create a year of follow up emails that provide good value as well as promote products and create a complete marketing machine that works for you 24/7 on complete auto-pilot for a entire year.

Your only job would then be to send traffic to your squeeze page.

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Junaid khawaja

8 years ago

Hi Ryan . You have a decent amount of capital to start business at Amazon. I suggest you should try out your private label brand or start selling well established brands if you can get them at a whole sale price in bulk.My colleague started a clothing and antique business through Amazon by using his own private label and he is pretty successful now

Apart from that have you heard about Etsy? It's a similar e-commerce website through which you can sell handmade as well as unique factory manufactured clothing product.You just need to find your supplier and send them the kind of theme you want.

I hope it helps.Cheers . J

Thanks
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ryan.arnfinson

8 years ago

Originally Posted by Junaid khawaja

Hi Ryan . You have a decent amount of capital to start business at Amazon. I suggest you should try out your private label brand or start selling well established brands if you can get them at a whole sale price in bulk.My colleague started a clothing and antique business through Amazon by using his own private label and he is pretty successful now

Apart from that have you heard about Etsy? It's a similar e-commerce website through which you can sell handmade as well as unique factory manufactured clothing product.You just need to find your supplier and send them the kind of theme you want.

I hope it helps.Cheers . J

Hi, Junaid.

I appreciate it. I have heard of Etsy. It's a bit more active than I am looking for. And private label is an intriguing option.

Thank you,
Ryan

Thanks

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coxmg

8 years ago

Amazon FBA didnt work for me, listen to this my second product, i sold 5 out of 300 i had in stock and the other 295 are still sitting there.

Thanks
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ryan.arnfinson 8 years ago

Originally Posted by coxmg

Amazon FBA didnt work for me, listen to this my second product, i sold 5 out of 300 i had in stock and the other 295 are still sitting there.

Hey, coxmg.

Yeah, it's never a sure thing. I've experienced this in the past with a music training audio program I'd invented called Music Tone Yoga. It's incredibly valuable to musicians as it uses meditative binaural beats/isochronic tones combined with interval, harmony, scale training together. But because there was no precedent for this product it required more education than I thought in order to presell it. I will rework the sales funnel at some point and get some authorities to help influence the brand but it was a tough lesson. As these other gents have mentioned demand research is a key. Along with the targeting and your sales funnel too. Thanks for sharing.

-Ryan
- Thanks
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tyronne78

8 years ago

There will always be money in affiliate marketing and listbuilding.

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Steve B

8 years ago

Before you settle in on your business model, it would be wise to identify an audience and a marketplace that you want to deal in. Why?

Everything begins with demand. You find a need/want/desire and verify there is money being spent in that market.

Once you know where the demand lies . . . then is the time to identify the business model that you'll employ to supply products/services to meet that demand.

Very few marketers begin with demand and it's a big reason why so many fail. They pick a product or a business model first and have no idea whether it's something that will be embraced by the marketplace.

Do your market research first if you want to be profitable.

Steve

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DWaters

8 years ago

Originally Posted by Steve B

Before you settle in on your business model, it would be wise to identify an audience and a marketplace that you want to deal in. Why?

Everything begins with demand. You find a need/want/desire and verify there is money being spent in that market.

Once you know where the demand lies . . . then is the time to identify the business model that you'll employ to supply products/services to meet that demand.
Very few marketers begin with demand and it's a big reason why so many fail. They pick a product or a business model first and have no idea whether it's something that will be embraced by the marketplace.
Do your market research first if you want to be profitable.

Steve

This is excellent business advice! He makes complete sense and this is something that all internet marketers need to take a look at. Supply and Demand is such a basic Business 101 concept but some marketers forget to do their research first. Whether you are selling digital products or physical products you do indeed need to do your market research first.

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ryan.arnfinson

8 years ago

Originally Posted by Steve B

Before you settle in on your business model, it would be wise to identify an audience and a marketplace that you want to deal in. Why?

Everything begins with demand. You find a need/want/desire and verify there is money being spent in that market.

Once you know where the demand lies . . . then is the time to identify the business model that you'll employ to supply products/services to meet that demand.

Very few marketers begin with demand and it's a big reason why so many fail. They pick a product or a business model first and have no idea whether it's something that will be embraced by the marketplace.

Do your market research first if you want to be profitable.

Steve

Top notch advice, Steve. Thanks for reinforcing this. I picked up the Affiliate Titan for $7 which should help speed up this process if I go the affiliate route. I'll use another software to scour Facebook to learn who's advertising and what's selling first.

Any other demand research tips?

- Ryan

Thanks

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ryan.arnfinson

8 years ago

I like the idea of using Facebook traffic with either promoted posts, bridge pages, or video ads for affiliate offers. I picked up the AdBridger software for this because it should allow policy pages and contact info on the bridge page but by many accounts, it's not reliable.

I'll find out next week perhaps but can anyone point to Facebook affiliate bridge page software or training that won't get my account banned immediately? I understand you can recover your account or start another one but I don't know much about this. And I don't want to let this perhaps prevent me from doing my demand research and going for it.

Thanks for all your help!

-Ryan

Thanks

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Nico Puegher

8 years ago

You probably enjoy being a freelancer, why you don't start a blog about it and share all your experience helping other do the same? Then you can start building email lists and promoting not only your own products but also someone's else product that you think is good for your audience.

Social media is important too, find one you like and start with that!

Don't expect to make a lot of money from nothing or with no work, there is no easy money or a button for making money as internet marketer even if you have money to invest, take your time and do what you love to do, think about helping and providing value over making money, that's the best way to make money.

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ryan.arnfinson

8 years ago

Originally Posted by Nico Puegher

You probably enjoy being a freelancer, why you don't start a blog about it and share all your experience helping other do the same? Then you can start building email lists and promoting not only your own products but also someone's else product that you think is good for your audience.

Social media is important too, find one you like and start with that!

Don't expect to make a lot of money from nothing or with no work, there is no easy money or a button for making money as internet marketer even if you have money to invest, take your time and do what you love to do, think about helping and providing value over making money, that's the best way to make money.

Hi, Nico.

I do enjoy freelancing but it's not easy to scale up on its own. A blog would help leverage my experience but I have made money in the past with just about every other IM business model already as well with the exception of FBA, Kindle, and perhaps a couple others, so I'm deciding which to move forward with again long-term. I can think of a few freelance based training products that would help people so I'm considering it. And I'm a workhorse with a lot of experience. Thanks!

-Ryan

Thanks

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GaryCarlyle

8 years ago

Seems you are already in the best niche right now - Offline lead generation.

Why not just focus on that?

Help other companies get leads?

It is big money. I get £100 per phone call.

Thanks

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