This is my 100th post on WF. So, I want to share with you a way to make a lot of money, if you offer value and work constantly: making small reports.
If you want to have large profits with online products, you have to find target people and convince them to repeatedly buy from you.
It is much easier to sell to an existing customer than to a new one. Because of that, you may want to sell a $7 small report to your costumer, then offer him or her a $17 report, then a $47 product, then a $97 kit with a main product and some bonuses, then a $197 course and finally a $477 offer.
This entire system begin with a 10-20 page small report. What is it a Small/Special Report? It is a concise, short document of superior quality that provide important information. The info is presented so the author tells to the reader exactly what he needs to know in order to solve a problem or to achieve a goal in as little time as possible.
Why should you create a Small Report (or Special report)?
- is very profitable to sell,
- is easy to create,
- can be delivered digitally online
- is easy to modify and update.
For this year make a commitment with yourself to produce a small report for each month and you will receive a great reward: a lot of money.
Firstly, to make a small report a month is an easy task, if you are committed to work smart.
Secondly, if you will make a small report a month, after a year you will have 12 small reports. Let's count the profit:
Month #1 = $7-15 x number of sales
Month #2 = 2 x $7-15 x number of sales
Month #3 = 3 x $7-15 x number of sales
Month #12 = 12 x $7-15 x number of sales
Let's have an example: For a $7 small report, let's suppose you have 100 sales per month. In this case your profit will be: ($7 x 100) + (2 x $7 x 100) + (3 x $7 x 100) + ... + (12 x $7 x 100) = $700 + 1,400 + $2,100+ $2,800 + $3,500 + $4,200 + $4,900 + $5,600 + $6,300 + $7,000 + $7,700 +$8,400 = $54,600.
But you can make more sales per small report, if you build a list, have good JV,...
Thirdly, you can sell your 12 small reports together as a unique package for $77-97. Let's count: $77 x 100 sales x 12 months = $92,400.
To obtain a target audience you have to create your small reports related. In this way you can mix, put together and sell your small reports as a big product.
- Regarding the question from headline "$92,400 A Year Is It Possible?", I think it does: with a lot of work, with a large amount of traffic and some good JV partners.
I hope these thoughts are helpful for your business.