Automated Business Models

59 replies
I'm doing preliminary research here.

When I say automated business models...

As in truly automated, set-and-forget, do the work once and get paid forever...

What names come to mind? Who are the gurus? Who are the experts? Who are the up-and-comers? Which products spring into your mind when you think of this sort of business model? If you wanted to become an expert in this subject, where would you go?

And keep in mind, I don't want to debate automated business here, I want to build a resource list so I can go study it. I don't care if you think it works or not. I'll make up my own mind on that, once I have enough information.
#automated #business #models
  • Profile picture of the author Bane
    I love posts like this, particularly your last line - Many people don't seem to realise that when you ask for something, it doesn't mean you want to be dissuaded or are unaware of the negatives associated.

    I think the truly automated path at the moment has a lot to deal with outsourcing, absolutely everything about a business. A couple of close friends of mine run a very large (am not going to post without their permission) Offline marketing firm where everything, including finding prospective clients, processing payments, accounts, doing the SEO work, it's ALL automated.

    And I do mean set and forget - the only time they have ever had to do anything with the site was when people stopped doing their job or the site needed an upgrade. Otherwise they just wait for their accounts to grow fat (and boy do they).

    Bane
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  • Profile picture of the author EndGame
    I am going to say Lee Mcintyre for this.

    He talks about building membership websites. I don't know if that is the kind of thing you are looking for as it is not strictly "set-and-forget" in the way you defined, but he does talk about how to run that business model completely hands-off (yes outsourcing, but he teaches it in a way I haven't seen many others do).

    So in terms of an automated, passive business model, he gets my vote.

    His site:
    Get More Momentum

    Hope that is useful/the kind of thing you are after.
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  • Profile picture of the author fated82
    Apart from what EndGame recommends, I also think membership sites come to mind. Jimmy D Brown has a program called membernaire (which I am studying now) and Russell Brunson has his own Micro Continuity Program.

    Ryan Lee has a Continuity Summit recently in Oct, might want to see if that fits what you are looking for
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  • Nothing is going to be truly automated to where you can "set it and forget it" and it will go on forever without being tweaked.

    I assume you're looking for automation in regards to software that creates sites/pages/blogs with complete with content and automated backlinking in order to game the SERPs.

    If that's the case, then the best software is custom software that you won't find on the market (no matter what sales letters will tell you) and even then, strategies will have to be tweaked as time goes on to ensure that footprints aren't left, that loopholes aren't discovered by the SE's, etc.

    A good start in searching around to see what is possible is to check out Eli's blog at BlueHatSeo.com.
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    • Profile picture of the author CDarklock
      Originally Posted by Entrepreneur Stream View Post

      I assume you're looking for automation in regards to software that creates sites/pages/blogs with complete with content and automated backlinking in order to game the SERPs.
      No, I'm looking for the recognised experts on automation. I have no particular preference for what that automation is or involves. And yes, I'm aware that custom software can be commissioned, but I'm more interested in experts on that software than I am in the software itself.
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      "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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  • Profile picture of the author Rsberg
    CDarklock,

    Sent you a PM.
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  • Profile picture of the author scortillion
    creating websites that promote a type of affiliate product with certain keywords for Adsense probably comes the closest to this, anything else I don't think would be truely set and forget.

    I'd be interested in seeing what you come up with when you're done though.
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  • Profile picture of the author John Rogers
    I'm thinking the only way a membership site could be set it and forget would be if it were fixed term. And even then you would probably need to outsource some level of customer support. Since customer support is going to be an issue for just about anything, even if it's just a hiccup in product fulfillment, I would thing that having one trusted VA to manage customer support for everything you do would be an important aspect of the set it and forget it model.

    John
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  • Profile picture of the author Adam Roy
    I automate almost everything in my marketing business. Here are some things I do automate, dont automate, and want to automate. Hope this helps a little.

    Some of the things that I DO automate or outsource
    1. Link building
    2. Website building
    3. content writing
    4. market research

    Some of the things I DON'T automate or outsource
    1. e-mailing my list/writing copy for them
    2. support
    3. creating banners, or graphics
    4. Website design
    5. Social media marketing
    6. Planning SEO campaigns

    Here are a few things I WOULD LIKE TO automate or outsource
    1. customer support
    2. creating banners or graphics (for affiliate programs or display ads)
    3. seo campaign development
    4. Product launch and JV management
    I would like set and forget business models like the following

    1. Send an e-mail, have a complete website built and promoted, monetized with my links after indexing and initial promotion.
    2. Put together a killer product, send a couple emails, and have a big product launch project done for me including sales funnel development, jv management, product delivery and customer support.
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  • Profile picture of the author AidenChong
    Caliban,

    I've mentioned what you've asked in my report as well. However, I would like to drop a quick note in here.

    I think most of them don't like to be called "guru", listed their name below.

    That's what I saw - they have a sustainable business because of the way they set up their online business model, pay most attention to their affiliate recruiting part or their marketing strategy part of their business:

    1) Ryan Deiss - Low To High Ticket Products
    2) Lee McIntyre - Low To High Ticket Products
    3) SMS/Oz in WF - Low To Moderate Ticket Products
    4) Our Tough guy Dennis (the other forum which you and I are in)
    5) Bob Serling - High Ticket Products - Pay attention to his marketing strategies
    6) Brendon Burchard - High Ticket Products - Pay attention to his marketing strategies and branding strategies

    Solely based on my personal opinion.

    Aiden Chong
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  • Profile picture of the author Rsberg
    I would like to start by saying that I certianly don't want this to become a debate of any kind so please don't take what I am about to say in that manner. I also dont want to disrespect the OP and "hijack" his thread in any way, I simply want to state my opinion and some of my personal experieinces to support it. I am not trying to sway anyones views or start some kind of heated "back and forth".


    Originally Posted by Chris Kent View Post

    Personally I would stay away from autoblogging as most of it is stealing and profitting from other people's content. An RSS feed may be public and switched on by default but try telling someone that you are making money out of their content and they would probably not be happy.

    You had me with most everything you wrote until this last part (quoted above). I would like to say that autoblogging can be done the "right" way which is not "stealing". I realize you said "most" which I am glad you did because there is certainly a distinct difference.

    Unfortunatly SOME autobloggers have taken to this approach which in my opinion has given the approach a bad name. There are several of us who simply don't operate that way.

    It is just like anyother IM method out there (in as far as) that it has those who follow the "rules" and those that dont.

    I have had more than one author contact me and thank me for sending him visitors to his site via the links I leave in the articles I publish on my sites. Along with this, I have also had several site visitors thank me for pulling related content together for them in one convienent location.

    If it's done "right", autoblogging can and does offer good value to both the end user (the consumer) and the original content creator (author).

    Thanks...wish you all good luck with your IM!
    Robert
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  • Profile picture of the author Vijay M
    I would study the clickbank marketplace and reverse engineer the popular products. Once you have a good product with low refund rates, and a decent gravity, it seems to be truly set-and-forget, with affiliates promoting it.
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  • Profile picture of the author OpticalOut
    When I first read your post, I thought of big guys like Frank Kern, and a few others. I really don't follow too many gurus though, so I don't know many others.

    If I were starting again, I would probably look for terms like "email marketing".

    I'd be interested in seeing the entire system explained in understandable terms. I might buy a product that would explain the details for setting it up (not now though because I know how to do it).

    Something like:
    1. find your market
    2. setup your site
    3. setup your autoresponder with a backend sales process
    4. drive opt-ins to your list - i.e. give something away
    5. optimize the process and get more opt-ins
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  • I don't think you necessarily need to seek out experts to become a guru in set and forget systems.

    Granted the best I've known myself are Lee McIntyre (membership site), stevenR's stealth auto blogging system and a lot of you have fast forgotten google sniping by George Brown which was essentially picking very low competition keywords that took no effort to rank and move on to the next site.

    I don't think you can instantly automate everything unless you find a firm or IM professional with a team able to do it with your preferred business model right off the bat. But if they could do that, why would they offer the services to do it for you if they could do it themselves.

    In which case, your always going to have to put in some initial labour in order to get to the stage of set and forget.

    I think the one with the least effort needed is stevens auto blogging system, or the creation of a product whos marketing aim is to become viral enough to attract tons of affiliates. Which results in affiliates recruiting more affiliates and making sales for you.

    I could go into the flaws these could have in the future but I am sure you are aware of them.

    Now if I didn't want to seek out help, but still very much wanted to become an expert, I'd either look at my current business models (if I already have some) or look at the many different business models and think of ways to automate each single task.

    Take for example Adsense sites.

    First you need a niche, and you also need keywords for that niche!

    I've often seen programs offered by people who have so many projects on going that they instead make a product out of niches they are yet to touch (which they have listed and researched), which means, you pay a monthly fee for your membership, and they provide you with a niche, good keywords and some marketing materials such as articles.

    That is the first process of my Adsense business model automated.

    This next part could either be done first or second, either way it doesn't matter. If you truly want to set and forget, your not going to want to waste time with CTR and statistics, which means you then look for a proven template that works for adsense.

    I personally liked josh spauldings idea on 7 dollar adsense sites. He gives a discounted link in his guide to some proven CTR adsense sites.

    next I put up the articles on queue to be posted days apart (the template is based on wordpress, there is also a static html version).

    Next bit now depends on how automated you want your business to be. You either have a product created for you that does every single task known to Internet Marketing and employ others to use it, or you purchase several products that each do different tasks and employ others to market with those products for you.

    ie article marketing and so forth.

    Now if you truly want to be completely hands off, you also employ a cheap analyst to keep track of all your websites statistics. This would only be when you have a considerable amount of sites. That way when statistics are given to you in paper, you only focus on the ones that don't make money, if they can't be improved, you drop them and continue the circle.

    phew, done .
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  • Profile picture of the author awesometbn
    Here are some of the things that come to mind, CDarklock . . .

    * buying domains and using 301 redirect with your affiliate link, the customer who visits your domain is simply taken to the real website of which you are an affiliate, no interaction with landing pages or anything, set it and forget it

    * focus on affiliate programs that are subscription-based and will generate revenue for you each month instead of one time only, if you figure out a lead program that works to create new customers then you have created a long-term income stream, this could be considered set it and forget it

    * rely on advertising income from ad networks, placement on your portfolio of websites or other electronic communications like newsletters, mostly set it and forget it because you are not selling ads and trying to collect payments for yourself

    * take a look at dorkwebsites.com, it's been talked about before on WF, a lot of stuff is automated from new customer acquisition to self-service management of their account, related to MFA and buying traffic I think,

    hxxp://www.warriorforum.com/website-design/144371-has-anyone-heard-dorkwebsites-com.html

    hxxps://flippa.com/auctions/70867/Unique-niche-website-platform-25000-month

    * another idea is to think about everything you would exclude from "set it and forget it" because you have to perform some type of action or analysis on a daily basis, in those cases consider outsourcing specific tasks, or hire a programmer to assist with automation

    Probably lots more to talk about but I need to think about it. Let us know what your resource list starts to look like. Very interested. Thanks!
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  • Profile picture of the author CDarklock
    Originally Posted by Chris Kent View Post

    In theory, they sound like money forever. But as I said, there is an average lifetime of a member.
    Usually four months, which is actually right around 100 days. You get your first payment at 0 days, the member is excited for 30 days and pays the second, less excited for the next 30 and pays the third, then settles into "I have to get my money's worth" mode up to the fourth payment around 90 days. Shortly thereafter, having lost interest and realised he doesn't really get anything out of it anymore, he cancels.

    The problem at most membership sites is that they "settle in" and don't provide any excitement after that initial rush. You join a PLR site, and there are a thousand things to download. You download all the ones you want in the first month, and then in the second you realise that now you're only getting five or six things a month. That feels pretty pathetic compared to that first thousand, so in the third you try to justify that monthly expense, but in most cases... you can't. Not compared to that thousand downloads in month one.

    Meanwhile, here's someone else with his new membership site for the same price, and he's got another thousand downloads over there.

    A possible solution to this is staging your membership site as a series of consecutive fixed-term sites that last three months. As the third month starts, you begin promising to drop a big new exciting bunch of stuff on your members, so the excitement builds up again until you hit month 4 and there's another rush. If you keep doing this, with new drops on months 7 and 10 and 13 and so on and so forth, it might be possible to keep your members very happy indeed for a very long time.

    Alternately, you could just do three-month fixed term memberships as entirely different products.
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    "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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  • Profile picture of the author AidenChong
    Yea Caliban,

    Apart from all of the facts which you've just mentioned, I like the idea of what our "tough Dennis" is doing. After a few months, there will be a "veteran" section that would be unlocked, and only those who had been in the community for over four months, can participate in that particular section.

    That's a great idea!

    How about another 4 months later, to get in to another secret invisible "pro" or "expert" section?

    Just an idea...

    Aiden
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    • Profile picture of the author CDarklock
      Originally Posted by AidenChong View Post

      After a few months, there will be a "veteran" section that would be unlocked, and only those who had been in the community for over four months, can participate in that particular section.
      For his purposes, this is a great setup, because in a social community where people are actively talking to one another - you have a separate issue.

      Once someone is there for six months, he's likely to stay forever.

      So what Dennis did was add a single kick to get that person "over the hump" and into the permanent-retention area. That's precisely what he needs, and additional kicks probably wouldn't do much.

      Some of his new stuff, though, is pretty awesome. The new partnership with Rachel has gone in all kinds of great directions that have added all sorts of new benefits and incentives.
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      "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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  • Profile picture of the author AidenChong
    Originally Posted by CDarklock View Post


    Once someone is there for six months, he's likely to stay forever.

    Great to hear these small little gems from seniors like you. Caliban.

    Thanks for the heads up!

    I'm glad that Rachel joined the "hideout" as well.

    Thanks for starting up this thread. Learned a few stuff right in here...

    Aiden
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  • Profile picture of the author Rsberg
    CQDarklock, are you looking more towards researching membership sites or did the conversation just sort of end up that way?
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    • Profile picture of the author CDarklock
      Originally Posted by Rsberg View Post

      CQDarklock, are you looking more towards researching membership sites or did the conversation just sort of end up that way?
      Just a tangent in the conversation. I've been studying membership sites and online communities for many years, though, so since it came up I figured I'd deliver a little value while I was here.
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      "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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      • Profile picture of the author Rsberg
        Originally Posted by CDarklock View Post

        I figured I'd deliver a little value while I was here.
        It's well received too...

        I've actually been toying with the idea of opening a second, more "exclusive" level forum (along with some added benifits too) within our membership but had planned on doing it at the 90 day mark...waiting another month might be better.

        I wil have to give this more thought.
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        • Profile picture of the author CDarklock
          Originally Posted by Rsberg View Post

          I've actually been toying with the idea of opening a second, more "exclusive" level forum (along with some added benifits too) within our membership but had planned on doing it at the 90 day mark...waiting another month might be better.
          I'm of the opinion that the 90 day mark is exactly the right time to do it. I think the four-month exodus is something that builds up gradually between days 85 and 100, and the 100-day mark is just when it hits the tipping point.
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          "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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  • Profile picture of the author paulie888
    For me, the Benwell brothers (Matt and Rob) immediately come to mind, simply because they have been so prolific in pushing out products over the years that have heavily promoted the 'automated' angle. Whether these products are good or not are immaterial, and I simply offer them as additional case studies for you to add to your resource list.

    Paul
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  • Profile picture of the author Rsberg
    We may need to talk more indepth sometime...

    Did you get a chance to check out the videos? Would be interested in hearing your thoughts and impressions.
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    • Profile picture of the author CDarklock
      Originally Posted by Rsberg View Post

      We may need to talk more indepth sometime...
      Be glad to. Hit me up on Skype sometime.

      Did you get a chance to check out the videos? Would be interested in hearing your thoughts and impressions.
      Not yet. We're in the midst of cleaning up from a water leak which soaked the mattress. Then tomorrow I'm clearing out a storage unit. If it's not one thing, it's another. :rolleyes:

      You're not forgotten; I'll give them a look. Things are just hectic right now.
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      "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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      • Profile picture of the author Rsberg
        Originally Posted by CDarklock View Post

        Be glad to. Hit me up on Skype sometime.
        Hate to make assumptions... please PM me your skype info to be sure I dont contact the wrong person. Let me know when (best time of day) would work for you and your location. I am currently in Iraq so I'm 8-11 hours ahead of the US depending on your location....wouldnt want to call at a bad time.



        Not yet. We're in the midst of cleaning up from a water leak which soaked the mattress. Then tomorrow I'm clearing out a storage unit. If it's not one thing, it's another. :rolleyes:

        You're not forgotten; I'll give them a look. Things are just hectic right now.
        No worries, no rush at all...thought I'd ask. I'm not looking to "sell" you on it, more importantly I wanted your impressions/thoughts.

        Looking forward to talking sometime, been meaning to catch you so I'm glad you started this thread and gave me an excuse to.

        BTW...soaked mattress and cleaning out a storage unit...neither sounds very fun at all
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        • Profile picture of the author goindeep
          Im an up and comer Watch.

          But i think the big membership sites are virtually set and forget, most of those dudes only work cos they want to.
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          • Profile picture of the author Rsberg
            Originally Posted by Andrei Rotariu View Post

            But i think the big membership sites are virtually set and forget, most of those dudes only work cos they want to.

            That may be true from the owners standpoint but I'm sure someone (outsourcer, assistant...etc) is doing some work. It is VERY hard to make any system entirely automated and the days of total "set and forget" are a ways off I think.

            I hope to see it someday but for now there still has to be SOME form of human interaction, even if it's only maintaining the system itself (which is still a bit of a stretch to think that's all there is).
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            • Profile picture of the author sal64
              How about Alex Mandossian and his testimonial software?

              Basically, anyone who creates a product that hooks you for life is an automation guru... a service which if you discontinue, your business closes down.

              Membership sites are auto-renewing payment-wise, but are not auto pilot if you have to create ongoing content.

              On the other hand, a fixed-term membership where traffic is driven by affiliates is as close as you'll get to 100% auto-pilot... and I don't know anyone who has done that yet.

              I certainly haven't
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  • Profile picture of the author nickthompson85
    As long as you have affiliates promoting your products, I think that's about as close as set and forget as it comes.
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    • Profile picture of the author AidenChong
      Originally Posted by nickthompson85 View Post

      As long as you have affiliates promoting your products, I think that's about as close as set and forget as it comes.
      Close, yeap, I agree, but far from being set and forget...

      You have to constantly check out the EPC, conversion rate on sales page, the upsells, the conversions on upsell, the back-end funnels, and the conversions of the funnels, the follow up, and the variety of the product lines you're having in a niche, I have left out a lot of other stuff to be mentioned in here as well.

      Treating the affiliate is another kind of "art" in my opinion. That's why earlier on, I gave out a few names so that people can model them. All of them have their own good part to be picked up and use it in our own real life marketing campaign.

      Aiden Chong
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      • Profile picture of the author nickthompson85
        I agree, and I think there is nothing that is truly set and forget unless maybe you hire someone to manage your business who is trained to do all that you mentioned and other executive tasks.

        Originally Posted by AidenChong View Post

        Close, yeap, I agree, but far from being set and forget...

        You have to constantly check out the EPC, conversion rate on sales page, the upsells, the conversions on upsell, the back-end funnels, and the conversions of the funnels, the follow up, and the variety of the product lines you're having in a niche, I have left out a lot of other stuff to be mentioned in here as well.

        Treating the affiliate is another kind of "art" in my opinion. That's why earlier on, I gave out a few names so that people can model them. All of them have their all good part to be picked up and use it in their real life marketing campaign.

        Aiden Chong
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  • Profile picture of the author Fraggler
    I'd be looking at the guys who build their sites around user generated content.

    I don't know where to find them but I am talking about sites such as Hubpages, Squidoo, eHow, Ezine Articles etc. I tried to find some people who have been there, done that a while ago but had no such luck.

    Forums are another obvious one.

    The startup work for these business models would be pretty high but there are big rewards in the end.
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    • Profile picture of the author ECMartin
      Originally Posted by Fraggler View Post

      I'd be looking at the guys who build their sites around user generated content.

      I don't know where to find them but I am talking about sites such as Hubpages, Squidoo, eHow, Ezine Articles etc. I tried to find some people who have been there, done that a while ago but had no such luck.

      Forums are another obvious one.

      The startup work for these business models would be pretty high but there are big rewards in the end.
      None of these exclude requiring constant human work. I really believe that if it should be stable, you will need employees or outsourcing anyways.
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  • Profile picture of the author TessaOmimaro
    Hello there

    I'd thought perhaps a product like Massive Passive Profit from Bill McRea could help build an automated business with regular income? I don't know if that would be the answer, but something along the lines of automation of blog creation with automated blog content taken from freemium source as taught by Oz/SMS Warrior.

    Would that be the answer in the long run? I meant long run as in next 5-7 years.

    Best
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    • Profile picture of the author Rsberg
      Originally Posted by TessaOmimaro View Post

      Hello there

      I'd thought perhaps a product like Massive Passive Profit from Bill McRea could help build an automated business with regular income? I don't know if that would be the answer, but something along the lines of automation of blog creation with automated blog content taken from freemium source as taught by Oz/SMS Warrior.

      Would that be the answer in the long run? I meant long run as in next 5-7 years.

      Best

      Two things here...

      1 - I think the concept you mention is more than possible and if done correctly can provide long term income potential.

      2 - Having said the above (#1) and since you mentioned it I wanted to make sure to tell you to check out the review forum here for the thread on Massive Passive Profits before you jump onboad that ship...

      Good luck!
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  • Profile picture of the author paulie888
    Speaking of automated models, I have been doing a little research on what Dennis Becker is doing with his paid IM membership forum/site (e1kad), and he seems to have built up a large group of loyal members who are perfectly content paying $39.95 per month to access the content and forum on his site.

    I think the huge number of downloads available there, coupled with the community aspect of the forum that he manages, is a key factor in keeping members satisfied enough to continue with their membership for a pretty long time.
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    • Profile picture of the author CDarklock
      Originally Posted by paulie888 View Post

      I think the huge number of downloads available there, coupled with the community aspect of the forum that he manages, is a key factor in keeping members satisfied enough to continue with their membership for a pretty long time.
      Actually, it's his continued involvement. So it's far from "set and forget" - he spends a lot of time there, and reads every post.

      There's a reason we all feel like we're friends with Dennis; it's because he treats us that way, both by showing appreciation when we do well, and by expressing disappointment when we don't. He shows and expects the same level of respect on his forum that most people do in person, and never stops being 100% honest and authentic about the whole thing.

      But you can't automate real friendship and real connections with real people. So what Dennis has (while it's very much worth studying) is effectively the opposite of what I'm researching now; communities like E1KaD are what I've been researching for the past decade or so, and I'm pretty comfortable with the systems and dynamics that make those communities work.
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      "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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      • Profile picture of the author ewenmack
        I don't know of a "How To" expert in the woman's blogging field,
        but it is a rich vein for communities.

        I'm thinking major life changes...

        engagement
        marriage
        pregnancy
        child birth
        baby care
        toddler care
        terrible teens

        Each of the groups can go into sub groups too.

        Look for forums and the most helpfull and active members
        and invite them to be guest bloggers on a fertile subject.

        I wouldn't offer to pay them, as it is a subject
        they are passionate about.

        You can go to Amazon for the best sellers to see
        which subject within the group has the most sales.

        Blogging at first glance seems to require less technical and
        people input than a forum.

        The bloggers can interact with the readers which makes
        the whole thing work without your input and money.

        Picking the right people brings their followers with them.

        You surely can find a way to monetize it?

        All the best,
        Ewen
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  • Profile picture of the author ECMartin
    My point of view is you can make something like that, HOWEVER, you will probably need to employ people to achieve that. It will still require some monitoring though, but that's not that bad
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    Got Forex traffic? Promote EuroRise, one of the few automated systems that actually bring consistent results!
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  • Profile picture of the author cashcow
    The only truly set and forget incomes streams that I have are from websites (monetized with adsense or affiliate products) where I have done the appropriate SEO to get them a decent amount of traffic that keeps coming year after year.

    Some of them have been earning for 5 years now with little to no maintenance - maybe 2 or 3 hours a YEAR. (contrary to popular belief you do not need to keep adding new content to a site to maintain rankings - at least not if you pick the right niches).

    So, I would say the "go to" person for that would be Terry Kyle. Why? Because he knows SEO.

    I don't actually know of anyone who teaches a whole method on it, but if you cobble together the pieces of keyword research and SEO then you have the method.

    Of course, not all sites will maintain their rank. Some seem to fall off so it's not fool proof but if you have enough of them then you will be all set.

    Having your own product or membership site IMHO will never be set and forget because you will always have customer support issues as well as having to keep the product "fresh" (especially if it is in the MMO niche).

    Yeah, sure you can outsource, but then you have to keep an eye on the workers.

    Lee
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    Gone Fishing
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  • Profile picture of the author Brad Spencer
    Originally Posted by CDarklock View Post

    I'm doing preliminary research here.

    When I say automated business models...

    As in truly automated, set-and-forget, do the work once and get paid forever...

    What names come to mind? Who are the gurus? Who are the experts? Who are the up-and-comers? Which products spring into your mind when you think of this sort of business model? If you wanted to become an expert in this subject, where would you go?

    And keep in mind, I don't want to debate automated business here, I want to build a resource list so I can go study it. I don't care if you think it works or not. I'll make up my own mind on that, once I have enough information.
    Look up Ben Roy's niche website products. He has a cool Ubot app that can install a niche wordpress site including all the settings and posting the content in an SEO-friendly way.

    Great stuff and I've bought like 3 or 4 things from him.

    Also, set up some Rapid Action Profits or Payspree sites and get some Web 2.0 action to recruit affiliates...might not be as automated as you want but I figured I'd share it anyway.

    Good luck buddy!

    Cheers,

    Brad
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  • Profile picture of the author dsiomtw
    CDarklock - when you say truly automated set and forget do you mean no human interaction (even via outsourcing) at all? If you are talking about a fully automated "system" that runs itself and makes meaningful amounts of money, I think you'll be hard pressed to find anything. You can't really generate meaningful revenues without providing value, and at least as far as I can tell, no FULLY automated computer system or web app can provide enough real value to generate meaningful revenues.

    I think a site based around user-generated content, with employees or outsourced workers managing it, is probably the way to go.

    Another option is simply any type of content-based site that generates primarily ad revenue, where you pay other people to generate all the content.

    That's pretty much as "set and forget" as it gets if you're talking about something that will provide actual value to users and generate meaningful revenues...
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    • Profile picture of the author CDarklock
      Originally Posted by dsiomtw View Post

      CDarklock - when you say truly automated set and forget do you mean no human interaction (even via outsourcing) at all?
      I have no particular preference on that. I am interested in finding the people who have had notable success with systems that actually work. I don't care whether they involve human beings doing the work for you, or a machine operating behind the scenes, or an infinite number of monkeys. I'm just looking for the people who are best-known for using these systems.

      Sounds like my list is basically:

      Jimmy D. Brown
      Russell Brunson
      Lee McIntyre
      Ben Roy

      Any glaring omissions people can see?
      Signature
      "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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  • Profile picture of the author Dennis Gaskill
    Setting up e-courses via autoresponders, and setting up an affiliate program to drive traffic to it is pretty much automated, and you build a mailing list at the same time. Study Jimmy D. Brown for this, he's a master at it.
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    Just when you think you've got it all figured out, someone changes the rules.

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    • Profile picture of the author mr2monster
      Originally Posted by Dennis Gaskill View Post

      Setting up e-courses via autoresponders, and setting up an affiliate program to drive traffic to it is pretty much automated, and you build a mailing list at the same time. Study Jimmy D. Brown for this, he's a master at it.

      He truly is... He's one of my favorite IMers..


      Just about anything can be "automated" if you're willing to hire out for it.

      And if you can find something that you can just "set and forget" truly, then hire someone out to "set" and then just rake in the cash...

      I tend to believe that the sooner you just suck it up and create a viable business process that is effective and efficient, that pays the bills, whether or not it's "set and forget", that you can then work on the automation portion of it as it scales.

      I also tend to believe it ends up being less work and time in the long run than kicking over rocks trying to find the easiest path to a destination that may or may not exist.


      Yes, i realize you didn't ask for any of that, I just happened to be standing on a soap box, so I thought I'd use it for something.. hehe.
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  • Profile picture of the author George Phillip
    My 2 Cents.

    The perfect process. Its about defining tasks, creating workflows and hiring Virtual Assistants

    Get The Perfect Process
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  • Profile picture of the author TessaOmimaro
    I heard about the negative press on Massive Passive Profits. I guess it isn't that great. But the point I'm trying to make, is the ability to automate blog creation quickly and automate the content on each blog so it can earn passive income from Amazon, ClickBank and AdSense.

    If there are some services out there that solves my problem, I would be happy to check out. As I said, i am looking for something long term.

    Long term for me means 5-7 years. I might not be doing internet marketing after that.

    Best
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  • Profile picture of the author templarjustice
    Answer to your question is a tough one. This is due to the fact that their has been a higher influx of scam based "automated business model" launches throughout the year & they were all bogus products.
    I know the product names but not the product owners.

    My analysis shows the following:

    1. Multiple product launches consisted of the following types of products that showcased "automated business models"
    1. Automated Traffic via Submitters
    2. Automated Traffic via Facebook
    3. Automated Income via Auto-blogging
    4. Automated Traffic via spinners

    They ALL had the same sales type format which was as follows:

    Headline
    Video | Checkout Button
    copy content
    Step 1 | Step 2 | Step 3 (step 1-3 image)
    What the product is "NOT" statement
    300 copies only, crossed out with 23 left image
    Guarantee Statement
    2nd order button

    Other issues involving these "styled" launches
    1. The product owners are not who they say they are
    2. Some product owners have teamed up with one another (simply bought various domain names, and launched each others product literally on a schedule that was either bi-weekly or monthly -- Check JV-Notify & you will see)
    3. They have non-existed upsell offers - meaning that the upsell was not complete or simply not there
    4. NONE of them had any true means of customer support.

    You will be able to easily find all of these launches easily by looking at their main sales page & when you see that same ugly design of:

    Video | Checkout Box PLUS the "step 1, step 2, step 3" image, you will know exactly what I'm talking about.


    What names come to mind? Who are the gurus? Who are the experts? Who are the up-and-comers? Which products spring into your mind when you think of this sort of business model? If you wanted to become an expert in this subject, where would you go?
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  • Profile picture of the author moshecogan2
    Sent you a PM.
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  • Profile picture of the author bravo75
    No beating around the bush here.

    Originally Posted by CDarklock View Post

    I'm doing preliminary research here.

    When I say automated business models...

    As in truly automated, set-and-forget, do the work once and get paid forever...

    What names come to mind? Who are the gurus? Who are the experts? Who are the up-and-comers? Which products spring into your mind when you think of this sort of business model? If you wanted to become an expert in this subject, where would you go?

    And keep in mind, I don't want to debate automated business here, I want to build a resource list so I can go study it. I don't care if you think it works or not. I'll make up my own mind on that, once I have enough information.
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  • Profile picture of the author bravo75
    I think Adam Short does a good job in showing people how to get websites ranked in the search engines, thereby creating a sort of "set and forget" business model. Niche Profit Classroom I think his course is called.
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  • Profile picture of the author Rsberg
    Caliban,

    I've been meaning to to try to get back in touch with you since we missed catching eachothers calls a few days back. I will try to catch you later today so we can talk about this and a few other things as well.

    Robert
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  • Profile picture of the author TessaOmimaro
    What's your current thinking now CDarkLock?

    Have you any revelations so far?

    Best
    Tessa
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