$92,400 A Year Is It Possible? - Make A Lot Of Money Online With Small Reports

by GeorgiaB

Posted: 14 years ago 43 replies

INTERNET MARKETING

Hi everyone,

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)?
Because it:
- 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.

Best regards,
Georgia.

#100th post #lot #make #make money #money #online #reports #small #small reports

nicelife 14 years ago

Well I guess it can work but you make it sound a bit to easy :-)
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- GeorgiaB 14 years ago
  
  Originally Posted by nicelife
  
  Well I guess it can work but you make it sound a bit to easy :-)
  
  It's not so easy at first, but it can be done with some work. After a small report or two it's easier.
  
  Thanks
  
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Emilis Strimaitis

14 years ago

Don't forget you need a big crowd of starving people to serve these small reports to

In your example you will need 100 conversions each month, which can turn out to huge amount of traffic.

Thanks
1 reply

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GeorgiaB

14 years ago

Originally Posted by Emilis Strimaitis

Don't forget you need a big crowd of starving people to serve these small reports to

In your example you will need 100 conversions each month, which can turn out to huge amount of traffic.

I agree with you. Once you provide the real value, you will have people waiting for the next small report. (It's important the reports to be related).

Thanks

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BloggingPro 14 years ago

Another great post on how to stop over thinking things and just start doing it! This guy saw success because he just did something instead of thinking about how hard something was, or how "it wouldn't work!"

100 Sales a month is easy to make once you just start making 10 a month and work from there.
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Mike McAleer

14 years ago

My Goal for this month would be 10 CB Sales through my list.
At the same time, I will always be flipping domains.

Thanks
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ZerosToHero 14 years ago

I am trying the exact same thing right now.

It's great in theory, but I've noticed my conversion rate isn't exactly what I wanted.

I took the calculator and did all kinds of crazy scenarios about how much money I would be making.

However, once I started taking action and making a few sales here and there I realized it's a lot more difficult than I thought.

It's great to plan and create figures but sometimes I've found it's more difficult than I thought.

This is why taking action is so important.
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BloggingPro

14 years ago

Originally Posted by FreshDomains

My Goal for this month would be 10 CB Sales through my list.
At the same time, I will always be flipping domains.

That is a great goal. And then once you meet that goal set a new one for 20 sales! Then 30! Then 50! Then 80 and onto 100! Set smaller goals along the way to reach the milestones.

Thanks
1 reply

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GeorgiaB

14 years ago

Originally Posted by BloggingPro

That is a great goal. And then once you meet that goal set a new one for 20 sales! Then 30! Then 50! Then 80 and onto 100! Set smaller goals along the way to reach the milestones.

This is an important piece of advice: gradual goals!

Thanks

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JackTriggs 14 years ago

You're also building a list of buyers...which will become repeat customers...

Furthermore, if you offer affiliates and buyers 100% commissions on some products you'll build your list even quicker...

then watch it snowball.

Ccmusicman is a fine exponent of this model I believe, you should see how he rolls!
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celente

14 years ago

sounds stupidly easy, but this is what I did for my wife in her niche.

She writes more reports every three months, and she is doing well. Ok it is not enough to quit her job, but seeing her face when she comes home and logs into paypal is priceless. She sees it as a way to get out of the rat race.

If you read OP post again, it does make sense. You can alter it to your liking, but it is a solid plan. But hard work and having a high responsive list is what will really make this work.

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Colin Palfrey

14 years ago

Originally Posted by celente

Hi Celente,

Could you explain the method you taught her to promote her short reports?

Obviously if it is done in a way that could be hindered by extra competition, I certainly don't expect you to explain it.

I just thought that if it is done in a way that wont saturate, it would be helpful for some to know the way you taught your wife.

It is always hard to teach people promotional methods that work, as they are often too complicated to explain, briefly.

Cheers,
Colin Palfrey

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caseycase

14 years ago

That's totally doable. And even for those of you who aren't writers. If you need to, spend a little cash to get someone to write your ideas out well. Great share!

Thanks
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GeorgiaB

14 years ago

Originally Posted by caseycase

That's totally doable. And even for those of you who aren't writers. If you need to, spend a little cash to get someone to write your ideas out well. Great share!

Outsourcing is a great way to start, but I recommend them to write themselves their reports. I use to outsource articles for promotion, but I write myself my reports.

Thanks
1 reply

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paulie888

14 years ago

Originally Posted by getmoneyzone

Outsourcing is a great way to start, but I recommend them to write themselves their reports. I use to outsource articles for promotion, but I write myself my reports.

I agree. Especially if you plan to be in a niche for the long-term, it's best that you create your own products. Promotion and article writing can be outsourced without any issues, but product creation should be implemented personally so that you have this familiar consistency in everything that you offer within that niche.

Thanks

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SteveJohnson 14 years ago

Originally Posted by ptcgrand

Can you say here HOW YOU DO ? Is to simple how you say this and is hard if i think on the work >imposibble if you dont kno how to start this job .

Join the War Room. All of the information you need is there.
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John Williamson 14 years ago

Sounds like Fladlien's business model. Indeed, it does work.
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- paulie888 14 years ago
  
  Originally Posted by John Williamson
  
  Sounds like Fladlien's business model. Indeed, it does work.
  
  Exactly, he started off with simple $5-$7 reports, which then grew into a full-fledged IM business that will gross close to 7 figures this year (I believe). Don't forget that you can also promote other affiliate products to your list of buyers, so don't think that all the heavy lifting has to be done by your own products only.
  
  Paul
  
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luma2 14 years ago

this could be achieve without a doub, but you need a lot of traffic to your offers and that is the "key" element!
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Wayne-JJ 14 years ago

Also, sometimes you have to sit back and see the bigger picture. From the OP's example of 100 sales per month, some may go "whoa...but I cant sell that many a month..". What if you are selling 3-4 short reports a month in different niches?

Now that would be around 25 sales per month (per report) to hit the target. Sometimes it's good to break things down into smaller parts so that it's not that daunting.
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ashSimpson87 14 years ago

What kind of report is this? Your post is too broad. You need to specify every detail of so that many will learn from it.If learning is you what you want.
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- GeorgiaB 14 years ago
  
  Originally Posted by ashSimpson87
  
  What kind of report is this? Your post is too broad.
  
  You have to choose a niche (don't forget about keywords research) and make a report. Then you will make other reports on same niche.
  
  Originally Posted by ashSimpson87
  
  You need to specify every detail of so that many will learn from it. If learning is you what you want. If learning is you what you want.
  
  This thread is not a complete course. There are some ideas presented to reveal the fact that you can make a lot of money with small reports. If you read the initial post and what the others have completed, you will find a lot of useful ideas.
  
  Thanks
  
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schttrj 14 years ago

Rule of thumb in Advertising: Don't overwhelm your prospects!
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ava681 14 years ago

good strategy.. i think this can really work.. cheers to the ts!
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- GeorgiaB 14 years ago
  
  Originally Posted by ava681
  
  good strategy.. i think this can really work.. cheers to the ts!
  
  Indeed, this strategy work. Many marketers use it, but not many want to share their experience with this strategy.
  
  Thanks
  
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Triggerkg 14 years ago

Might give this strategy a shot and see what happens
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- Zachmo 14 years ago
  
  great things start with small beginnings indeed.
  
  Thanks
  
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penpal6 14 years ago

With all due respect to OP, I guess for 100 sales per month per month your report should be extremely good.
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- GeorgiaB 14 years ago
  
  Originally Posted by penpal6
  
  With all due respect to OP, I guess for 100 sales per month per month your report should be extremely good.
  
  In order to obtain 100 sales per month you need a responsive list or a few good JV partners (or some well trained affiliates).
  
  Thanks
  
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masterjani 14 years ago

The main thing here is how effective your small report and how unique it is,If it is unique then you can directly place a 20$ product rather than 7$ product market changing daily you need to be innovative to get that success.Good points and calculations though.
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J Bold

14 years ago

Hmmm, just math really.

It's really that simple as a description, but applying yourself and actually making those numbers happen is an entirely different thing altogether.

Not saying you can't do it, you can, but you got to work for it.

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GeorgiaB

14 years ago

Originally Posted by redicelander

There is no success without work. Yes, this system involve work. But the reword is according with how smart and dedicated you are in this work.

Thanks

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PVReymond

14 years ago

It's not that easy to accomplish but it can be done, you
just have to take action...

If you think this method can work for you then put it into
practice and test different approaches until you find the
right one, then build a system and put on autopilot
everything you can.

It is known as the funnel method but don't think that if
someone doesn't buy the next product in the funnel he is not
going to buy any other thing from... Offer them other
products.

Thanks,
^PV Reymond

Thanks
1 reply

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GeorgiaB

14 years ago

Originally Posted by PVReymond

Many people just talk about how they can make money. Others... take action and they make money.

Yes, you have to take action. Do you want to make money? Take action!

Thanks

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Andy Hart 14 years ago

This is something Allen Says has written about, its in the War Room.

To make 100 sales of a small report priced at $7-$17 you will not need a JV, you can do this easily by just genertaing traffic, of course you need to research everything first but a JV is great, but not an absolute must for such low numbers.

Andy
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tedwood

14 years ago

OP an important question to ask is ... Are you making $92,400 a year selling reports and do you actually get 100 sales a month?

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GeorgiaB

14 years ago

Originally Posted by tedwood

OP an important question to ask is ... Are you making $92,400 a year selling reports and do you actually get 100 sales a month?

I've recently started with this method, so the answer is "no". But, I know people who make more than 100 sales per month. This is not just an assumption.

Thanks
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ThomvP

14 years ago

Hey nice idea, but I dont get some things in your post.

You say once you have 100 sales a month you start by making a 7$ report. Then the next month you make another 7$ report. then you get 2�--100�--7$ a month. So you're saying in the second month you still sell the first report and atop of that the next 7$report. That makes 200 sales that month. So by the end of the year you have 1200 sales a month? Or do you start in the second month by selling the 2 report together for 14$?

If I get this right you'll have to: either get 100 sales a month EXTRA each month (wich is quite a growth I think) or sell people who come back for the next report a package containing reports they've already read.

I might just get it totally wrong though.

Thanks
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GeorgiaB

14 years ago

Originally Posted by ThomvP

Hey nice idea, but I dont get some things in your post.

You say once you have 100 sales a month you start by making a 7$ report. Then the next month you make another 7$ report. then you get 2�--100�--7$ a month. So you're saying in the second month you still sell the first report and atop of that the next 7. That makes 200 sales that month. So by the end of the year you have 1200 sales a month? Or do you start in the second month by selling the 2 report together for 14$?

If I get this right you'll have to: either get 100 sales a month EXTRA each month (wich is quite a growth I think) or sell people who come back for the next report a package containing reports they've already read.

I might just get it totally wrong though.

It's very hard to have another 100 new sales every month (month #1 = 100 sales, month #2 = 200 sales, month #3 = 300 sales, and so on), but not impossible. I don't mean this situation.

There are 3 important things to do in order to make this system work:
#1 - Your small report has to offer great value.
#2 - Your reports has to be related.
#3 - Create your brand.

In this way, you will create a group of addicted people who can't wait to buy your next report.

I'm sure you will have new customers every month, but the large majority of them will be those who buy your reports every month.

Thanks

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grannywriteswell 14 years ago

This type of business model does work well, and while I might not be up in those type of figures yet, once you have made a couple of sales, you can see the possibilities and like others have said, just scale it up a bit. This is one of my favorite business models online because it is a rinse and repeat exercise - you just have to get started

Thanks
Ellen
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RentItNow 14 years ago

Good post in theory. One thing you have to consider though is sometimes it's harder to sell a $7 report than a well done $47 ebook. Depends on the niche/target market. I've tried both in my niches and found the ebook greatly outsells the the report. What is even weirder is I have offered the same information for both (report super condensed) and still make way more sales on ebook. Go figure.
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Agep_flippo Banned 14 years ago

You give me excellent ideas. And I will launch my first report as WSO next month.. then I will commit to make one report per month. I hope I can..
Nice post..Cheerss..

best regards,
Agep
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tonio79 14 years ago

How do you eat an elephant........one bite at a time!
(not that i am condoning eating elephants of course)

Breaking down the massive tasks is sometimes what it takes for us to take action.

Running a marathon....very few can just go out tommorow and complete that massive run.....but by having a few months training....building up each and every day that little bit further then when i comes to race day you are ready...or in this case making the desired income!

Keep frocused and keep going at what works for you!

Tonio
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$92,400 A Year Is It Possible? - Make A Lot Of Money Online With Small Reports

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