What's your best dollar per hour activity?

by Big Al
57 replies
Not too long ago I used to work in the mortgage industry ... and we used to talk about the best activities to follow up on in terms of pound per hour.

I guess it's just another way to say 'return on your time'.

And it was always insurance - never the mortgage. It was the back-end product because by that time you'd already spent a few hours building a relationship of sorts with the client, the hard work was done and the insurance (which could easily pay more than the mortgage commission) could be done relatively quickly.

What would you say is the best pound (or dollar) per hour activity for you?!

My gut feeling is that it'll be email marketing ....

Would like to hear opinions or anything random.

Thanks

Al
#activity #affiliate marketing #commissions #dollar #email marketing #hour
  • Profile picture of the author GerBot
    buying links - orresearch
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    • Profile picture of the author Soapyshoe
      Originally Posted by MichaelHiles View Post

      Product creation.
      My gut instinct is telling me that this is true. I've been in the game 1 month, and that's the king-maker.

      You've got to understand how to market first, though.
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  • Profile picture of the author MattAdamo
    even though i hate it, it's article writing.

    If i outsource them i can't get the quality that i need (including all of the little copy aspects i put in) without jacking up the price.

    But behind some good keyword research, it generates some huge amounts of leads for me.
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    • Profile picture of the author Rebecca108
      Originally Posted by MattAdamo View Post

      even though i hate it, it's article writing.

      If i outsource them i can't get the quality that i need (including all of the little copy aspects i put in) without jacking up the price.

      But behind some good keyword research, it generates some huge amounts of leads for me.
      Yeah, I have to agree with that. Well, it's the only thing that has made me money so I'm not much of an expert! But I recently calculated out that each article makes me about $100. So that's pretty good -- maybe it will help me get motivated to write some more!
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  • Profile picture of the author doop
    Coming up with crazy ideas then developing them into something slightly more realistic and profitable -> handover to team who do the rest
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    Flipping.

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    Product Development
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    Creating new products.
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  • Profile picture of the author Zeus66
    I gotta go with pig farmer boy up there (MichaelHiles - he's a pig farmer you know)...

    Product creation. Make it once, it earns for maybe a lifetime.

    I'd say my Adsense sites are right up there too, although they do have a shelf life sometimes. Add in the income from flipping those bad boys and it's a nice bread winner, though.

    John
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    • Profile picture of the author MichaelHiles
      Originally Posted by Zeus66 View Post

      I gotta go with pig farmer boy up there (MichaelHiles - he's a pig farmer you know)...

      Product creation. Make it once, it earns for maybe a lifetime.

      I'd say my Adsense sites are right up there too, although they do have a shelf life sometimes. Add in the income from flipping those bad boys and it's a nice bread winner, though.

      John
      Once you've had organic, home stuffed, home smoked sausage, you'll gag at that nasty industrial corn-fed garbage.

      I've got a 400 pound sow that's been bred out that I am going to send to pig heaven in the next few weeks.

      Mmmm tongue meat... and souse.... pork cracklins...

      I might do a WSO on how to butcher your own hog, and include a bonus on how to properly cut the throat to bleed her out and capture all the blood for some tasty blood sausage (spiced scab stuffed in an intestine).
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      • Profile picture of the author korbs
        Originally Posted by MichaelHiles View Post

        ... some tasty blood sausage (spiced scab stuffed in an intestine).
        That's just nasty. I remember trying blood sausage as a kid, but the sales pitch was better. More along the lines of "juicy part of the meat."
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      • Profile picture of the author Chris Steiner
        Automation.

        Any time I can spend a few hours automating something that would take even just a few minutes each time I need it done, so long as it needs to get done on a regular basis, that is by far the best and most profitable use of my time. I think it is even better than outsourcing, which would come in a close second, only because I have to pay for each hour of outsourced time. The leverage is great, but it still isn't quite as profitable.


        Originally Posted by MichaelHiles View Post

        ...some tasty blood sausage
        mmmmmmmmmmmm, sausage....
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      • Profile picture of the author Rebecca108
        Originally Posted by MichaelHiles View Post

        Once you've had organic, home stuffed, home smoked sausage, you'll gag at that nasty industrial corn-fed garbage.

        I've got a 400 pound sow that's been bred out that I am going to send to pig heaven in the next few weeks.

        Mmmm tongue meat... and souse.... pork cracklins...

        I might do a WSO on how to butcher your own hog, and include a bonus on how to properly cut the throat to bleed her out and capture all the blood for some tasty blood sausage (spiced scab stuffed in an intestine).
        I'm sorry but that is absolutely disgusting. I would hate for you to end up as one of those pigs in a future life.
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        • Profile picture of the author MichaelHiles
          Originally Posted by Rebecca108 View Post

          I'm sorry but that is absolutely disgusting. I would hate for you to end up as one of those pigs in a future life.

          Ahh well... if I did, there wouldn't be much that I could do about it except become some tasty bacon for some other farmer somewhere. And then I get to move back up to something more enlightened like a ocelot or a spider monkey. Spider monkeys are cool.
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  • Profile picture of the author Rod Cortez
    Scaling up traffic based on already proven profitable keywords. Increasing my sales funnel (product creation and/or affiliate marketing) is a very close second.

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    Copywriting and building traffic.
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  • Profile picture of the author entrepreneurjay
    Email list like originally stated. Build, build, build I have a lot of work to do!
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    • Profile picture of the author Steven Wagenheim
      Product Creation hands down with article writing a distant second.

      In fact, I've just calculated that for every 1 hour I spend on product creation
      that is usually good for about $400 in income.

      I don't know about you but I'll take $400 an hour any day of the week.
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      • Profile picture of the author mgkimsal
        Originally Posted by Steven Wagenheim View Post

        Product Creation hands down with article writing a distant second.

        In fact, I've just calculated that for every 1 hour I spend on product creation
        that is usually good for about $400 in income.

        I don't know about you but I'll take $400 an hour any day of the week.

        Hate to sound all nerdy and nitpicky here...

        Over what time period are you calculating that?

        Let's say you spend 30 hours on product creation - does that bring you back $12k over a 1 year period? 2 years? 1 month? 2 days(!)?

        $400/hour is great no matter how you slice it, just wondering how you're slicing.
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        • Profile picture of the author Adam Nolan
          Originally Posted by mgkimsal View Post

          Hate to sound all nerdy and nitpicky here...

          Over what time period are you calculating that?

          Let's say you spend 30 hours on product creation - does that bring you back $12k over a 1 year period? 2 years? 1 month? 2 days(!)?

          $400/hour is great no matter how you slice it, just wondering how you're slicing.
          Lol if that's the case then my most productive moments are the moment I hand them the pen to sign the contract.

          So $5500 for a contract... 30 seconds to sign. Let's extrapolate that.

          $5500 x 30 seconds x 2 = per minute rate = $11 000

          $11 000 x 60 minutes = hourly rate = $66 000

          So ... I guess signing contracts. I make $66 000 an hour
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          • Profile picture of the author mgkimsal
            Originally Posted by Maverick_ View Post

            Lol if that's the case then my most productive moments are the moment I hand them the pen to sign the contract.

            So $5500 for a contract... 30 seconds to sign. Let's extrapolate that.

            $5500 x 30 seconds x 2 = per minute rate = $11 000

            $11 000 x 60 minutes = hourly rate = $66 000

            So ... I guess signing contracts. I make $66 000 an hour
            Nice... I may start basing my rates around those numbers. Heck, even charging just a portion of that - say $20,000 per hour - and I'd be doing pretty good
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            • Profile picture of the author JRCarson
              I'd say article writing
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  • Profile picture of the author GoGetta
    Yep, Product Creation wins for me too! No other task comes remotely close!

    GoGetta
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  • Profile picture of the author sdentrepreneur
    Optimizing Google Adwords Campaigns or Networking on Facebook. Video Marketing is a close third.
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    • Writing email copy. I estimate I make well over $2000 per hour for every hour I put in writing copy. Probably more.
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  • Profile picture of the author Raydal
    Copywriting with product creation as a second. Maybe I need
    to make product creation first judging from the responses
    so far.

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  • Profile picture of the author Brian Tayler
    Consulting or direct marketing (Radio, Newspaper, article) efforts.
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  • Profile picture of the author binko
    Things you can use for multiple purposes gives you the best value for your time.

    For instance an article you can submit to article directories, put on your blog, use as a chapter in a viral report or ebook and...

    But in general I suggest you balance your work to all important areas. It doesn't matter how much traffic you have if you have no good offer and vice versa.
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  • Profile picture of the author badboy_Nick
    Originally Posted by Big Al View Post

    Not too long ago I used to work in the mortgage industry ... and we used to talk about the best activities to follow up on in terms of pound per hour.

    I guess it's just another way to say 'return on your time'.

    And it was always insurance - never the mortgage. It was the back-end product because by that time you'd already spent a few hours building a relationship of sorts with the client, the hard work was done and the insurance (which could easily pay more than the mortgage commission) could be done relatively quickly.

    What would you say is the best pound (or dollar) per hour activity for you?!

    My gut feeling is that it'll be email marketing ....

    Would like to hear opinions or anything random.

    Thanks

    Al
    Creating new campaigns with PPC and building a small micro site. But to sum it up it would be to find a merchant who gives you a higher payout per lead.

    Any questions just let me know

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  • Profile picture of the author Adam Nolan
    I'm surprised not a single person here posted Outsourcing yet!!!

    You're using someone else's time and leveraging your own!
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  • Profile picture of the author wwesley
    Yea i totally agree on outsourcing. The best dollar per hour activity would be managing your team. I mean unless your paid like $5000 per hour for consultation, i don't see anything beating outsourcing.
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  • Profile picture of the author Marhelper
    I have to go with article marketing and flipping.
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  • Profile picture of the author orlando cassara
    I would have to say product creation, and article writing
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  • Profile picture of the author Andyhenry
    Building relationships and business partners.... Most of the IM related big successes I've had have been primarily because of other people.
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    • Profile picture of the author Sandor Verebi
      Originally Posted by Andyhenry View Post

      Building relationships and business partners.... Most of the IM related big successes I've had have been primarily because of other people.
      Andy, I couldn't say it better. Without good relationship (where you give more than receive) with your list and partners you aren't able to doing long term profitable business.

      If you build proper relationship then you can to

      - know what is their unsolved problem (if you know that you can to serve them better)
      - get ideas for product creation (what will match with their want)
      - get right tips in pricing, marketing, etc... (reaching balance between affordability and profitability)

      But, I think the more important element is developing their trust in you. The others are coming from that. And I think you make this well if you know who are you, from where you come, a what kind of real value you give to others.

      Have a nice weekend,

      Sandor
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  • Profile picture of the author Jeff Bronson
    For me lately it's been outsourcing systems hands down. Figuring out what are the lower value, repeatable tasks and what are the higher value more cirtical tasks. Creating a process map of who does what, complete with training videos, checklists, project management portal communication and getting it tweaked and working.

    Then I move on to the next area of my business and break it down in a similiar fashion. This is really helping to leverage my skills, time and resources. I found when trying to do it all myself it just doesn't all get done. So why not play to your strengths?
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  • Profile picture of the author jbode
    Personal coaching I record and turn into a product (with their permission obviously) only did it once though... but actual product creation without coaching someone is right up there
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  • Profile picture of the author Nicky Papers
    Consulting or Product Development. : )
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  • Profile picture of the author GuerrillaIM
    Making phone calls to line up deals and get money in.
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  • Profile picture of the author Folusho Orokunle
    I love internet marketing, but I found out that I make about $800/hour closing deals over the phone.

    I can literally pick up the phone at anytime and close a thousand dollar deal. But sometimes I just don't feel comfortable "selling" not because I'm not good at it but because I "thought" the owner shouldn't be doing the selling.

    I guess since I used this skill to become rep of the year for AOL Time Warner 10 years ago, I felt this it's kinda like doing a job.

    Hmmmm

    The Warrior Forum is soooooo therapeutic lol

    Doctor what should I do?
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  • Profile picture of the author Dennis Gaskill
    For me, product creation. Every sale increases the amount I made per hour in creating it. I've got a couple of products that are about 9 or 10 years old. Even including the time spent to keep them updated, you wouldn't believe how much those two products have earned me when broken down into a per hour rate.
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  • Profile picture of the author GeorgR.
    There's so many, maybe keyword research. Spend 30mins with Market Samurai, find some great keyword where you will know you can rank high in Google.
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    • Profile picture of the author Paul Myers
      Networking. Hands down. Nothing else even comes close.


      Paul
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      • Profile picture of the author Jag82
        Originally Posted by Paul Myers View Post

        Networking. Hands down. Nothing else even comes close.

        Paul
        If I can turn back the clock...I would have wished I have
        put this as the number 1 priority on my list when
        I first got started.

        Yes. Networking and relationship building. Hands down the best.

        Jag
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  • Profile picture of the author robvegas626
    I'd say creating new products is #1, and another very valuable activity for me lately has been updating my autoresponder...sharpening my messages, junking the least effective ones, adding new ones to promote hot new products (and my own stuff).
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  • Profile picture of the author sloanjim
    Keeping your-self fit...you can't do anything from "beyond"
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  • Profile picture of the author Damien Roche
    Oh, prostitution. Without a doubt.
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  • Creating new products and promote, build community, meet new Marketers and spread the word.
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