If You Had 2 Monthes To Make 1k a Month Recurring What Would You Do?

28 replies
I do a little IM but mostly I'm an offline marketer. I have a buddy who owns a computer shop and times have been tough on him. He's been looking for ways to generate cash while he just sits at his office while it's slow. He has done some IM before but it got me thinking.

If you had 2 Monthes to put something together that would bring you in only $1000 a month on consistent basis, what would you do?

Look forward to seeing everyone's responses!
#make #month #monthes #recurring
  • I'm not gonna sit here and tell you it can't be done, because I'm sure it can, but I wouldn't bank on making that kind of money only 2 months into your IM career.

    Ok, but if it was me, I would probably promote a high quality product that is low in cost. Then explain the benefits of that product to people, and why they need it. If its a quality product, it will be a no brainer for them.

    Again, I don't want to be negative, but if you need to make that kind of money in such a short time, I would rather get a 2nd job and work it for that time. You can always build up your business in the background without any pressure
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    • Profile picture of the author Troy_Phillips
      This is really a bad way to look at things. There are a lot of different ways to make $1000 a month. That is freakin poverty level.

      That is less than $34 a day.

      Simple services can bring in a lot more than that. Article writing, ghost blogging, building links by hand for others, commenting on forums and blogs for others, really any task another marketer is willing to pay for should net you a lot more than $1000 a month.


      Originally Posted by TBInternetMarketing View Post

      I'm not gonna sit here and tell you it can't be done, because I'm sure it can, but I wouldn't bank on making that kind of money only 2 months into your IM career.

      Ok, but if it was me, I would probably promote a high quality product that is low in cost. Then explain the benefits of that product to people, and why they need it. If its a quality product, it will be a no brainer for them.

      Again, I don't want to be negative, but if you need to make that kind of money in such a short time, I would rather get a 2nd job and work it for that time. You can always build up your business in the background without any pressure
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  • Profile picture of the author shmerns
    Oh boy, you are putting a lot of pressure on yourself.

    To get $1000 on a consistant basis, you need to find a product that is a membership and has a monthly recurring sale.

    Choose a product w/a higher price point say $97 or $197 so that you need less people to sell to. Depending on your price, figure out how many people you need to sell to, in order to make your $1000 a month. Then focus on that number.

    Your best bet is to purchase an ezine advertisement for your specific targeted market. You can locate these easily by doing a search or pm me for a way to find them. You'll send your advertisement and some will join and some will join your list for future marketing.

    There are no guarantees you'll reach your 2 month goal, but you can definately make sales this way (remember to minus your ezine cost) and you'll be building a real business that you can market to anytime you want.

    I hope this helps

    Lori P.
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  • Profile picture of the author Jeremy Bratcher
    It truly depends on the time available and motivation. If your friend didn't already have job and could devote the entire day to work then it would be a challenge but it could be done in 2 months.

    My suggestion would be to find a niche. A computer related niche would be ideal since you friend already works with computers. Do some research and create an e-course tied to a membership site. Charge whatever you want because you will see more subscribers at $10/month than $30/month but you need less people to make that 1K a month.

    Membership sites are a great way to earn residual income monthly but they require a lot of legwork upfront to create the material and market the e-course.
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  • Profile picture of the author perfectlovehere
    Advertise something 50+ dollar commission with recurring commissions that converts well. Bingo. Send traffic!
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  • Profile picture of the author JustinG30
    Good ideas so far. This isnt for me, i have way to much going on to worry about that. I just figured since he already owns a computer shop and is their 10+ hours a day without a lot of time, it gives him a lot of time to work at something to hopefully help him pay rent at his retail location.

    Keep the ideas coming!
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    • Profile picture of the author wordofmouthmagic
      Sell IM skills to other local businesses that he is in contact with. He has a computer store so it's a logical addition to his skill set in other people's mind.

      Simplest would be to repackage fiverr products and charge offline prices.

      He will convert because they know him / he is a actual shopfront they can visit versus any old online website that could be a hoax.

      Lots of WSO products can teach some of these skills. Just find out what local businesses are needing, and what they are being charged for this work already.
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  • Profile picture of the author Sirr
    It can be done, easily too. Just find the right product and a gap in the market.

    I recently found a keyword for electronic cigarettes by accident. I set up a site. I add 1 article per day, some keyword optimised, some not. I do a bit of daily research. I outsource the SEO (but you can do it yourself). And that's it.

    I am seeing very nice results and it's recurring. Honestly, it's easy. You just got to know where to stick your efforts.

    Good luck! If you need advice on anything feel free to ask.
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  • Profile picture of the author Amber Jalink
    Originally Posted by JustinG30 View Post

    I do a little IM but mostly I'm an offline marketer. I have a buddy who owns a computer shop and times have been tough on him. He's been looking for ways to generate cash while he just sits at his office while it's slow. He has done some IM before but it got me thinking.

    If you had 2 Monthes to put something together that would bring you in only $1000 a month on consistent basis, what would you do?

    Look forward to seeing everyone's responses!
    Why on earth doesn't he offer web hosting, i.e., specialized to businesses, not crappy $5/mo stuff.

    If he already is in the computer field (as someone else said), he can become a reseller easily, if he doesn't want the direct hosting / server stuff himself.

    i.e., he could either

    A) get a dedicated server (costs though $2-300 a month) with someone like liquidweb

    and sell domain hosting

    OR

    B) (LW might do it too) - get a reseller account somewhere, or heck, just get his own domain that offers an affiliate program if he refers companies.

    I can't think of the name right now (I keep thinking host4profit, but that's old and not who I mean, but there's a link I think somewhere here on the WF for the main company a lot use) - they have an affiliate program, so he could just refer companies.

    But to put the best $ in his pocket, he should:

    1) Offer a site to his clients (and spend his slow hours finding more)
    2) Upload a simple wordpress site, customize it for the company
    3) Charge $500-$1000 for the set up (if he wanted to)
    4) Charge $97 a month for hosting.

    10 clients and he's got his $1,000 a month... and then why stop there?

    Seriously.

    That's not that difficult to reach. He obviously knows about tech stuff, it shouldn't be difficult for him to figure out how to upload wordpress, and do a few tweaks (or outsource the content side), and sell it.

    Tell him to search on local companies - peek at their sites. Those who DON'T have one (and there are still many), he could offer one to.

    Those who DO have one but its really really really old and basic - he can offer one to.

    On the back end, he might get more business when they realize he has a computer store....

    Amber
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  • Profile picture of the author BenJackson
    1. Start a blog in a topic of interest.
    2. Build a simple sales funnel
    3. Spend 24/7 promoting and link building.
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  • Profile picture of the author JustinG30
    He did try the hosting thing for a while, problem is, people who had websites, mostly knew they were only paying a few dollars a month for hosting, so when trying to sell them on like $19 a month or w/e even though its local, they wanted no part of it.

    I had him doing some fiverr gigs also since he knows a lot about computers but some people offer a lot on their for only $5 and hard to compete with.

    Great ideas so far. I should be seeing him late tonight or tomorrow and hopefully he will find something that strikes his interest.
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    • Profile picture of the author Amber Jalink
      Originally Posted by JustinG30 View Post

      He did try the hosting thing for a while, problem is, people who had websites, mostly knew they were only paying a few dollars a month for hosting, so when trying to sell them on like $19 a month or w/e even though its local, they wanted no part of it.

      I had him doing some fiverr gigs also since he knows a lot about computers but some people offer a lot on their for only $5 and hard to compete with.

      Great ideas so far. I should be seeing him late tonight or tomorrow and hopefully he will find something that strikes his interest.
      I totally agree with the hosting - however, if he gives them like a monthly service - beyond just the hosting - i.e., he'll update their sites 2x a month, or do some seo, something small so that its still worth his time, BUT something that they don't need to do - that could make it worth it for him.

      He has to sell it as not just hosting but a true package. For that matter, he could charge higher ($297/mo) and do more for them.

      I have clients that I get $750 / mo from doing exactly that. Doesn't take many to get his $1000/mo - but obviously he would need to show the value of it and benefits.

      i.e., cheap hosting, OR monthly maintenance + promotions for a set fee.

      He could even offer that rather than worrying about hosting.

      BTW - Not sure what kind of computer company he has - selling computers? Computer repairs? (You didn't tell us "what" his company does)....

      but if he does sales/repairs, he could consider offering a monthly package to some of his clients for peace of mind, particular business people.

      i.e., 1x a month he'll do a full virus check, clean up anything that needs it (ie. registry errors), make sure its running smoothly.

      Alternately, for a flat fee, he could be "on call" for them (during regular business hours of course or till maybe 9 pm) in case they had an emergency.

      We have a client that pays like that too. (Different client). They call to ask questions maybe once every 2 months, but on the months they need more, its a 2-3 hour job typically. Offsets itself, but its steady pay.

      Just thought I'd throw that as an option depending on what he does.

      I know our client who pays that said its worth a lot to him to know that he doesn't have to worry. (Heck, they call Saturdays on occasion... but we are okay with that, we have it accounted for).

      Just a few more suggestions

      Amber
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  • Profile picture of the author Mike Hill
    First, you said your buddy has an offline computer shop right? So he must know a thing or two about computers. Here are some ideas:

    Membership site: How To Use Your Computer For More Than Just Email

    Cost: $4.95 per month

    1. Cater to people over 50
    2. Do weekly teleseminars during the day
    3. Offer additional content in the members area

    You're probably wondering you'd need a lot of members to make $1,000 a month right? Well, not exactly...

    203 members will put you over the $1,000 per month range. You can also offer other services later on.

    Another idea is to sell computers to seniors and as an added bonus throw in 1 years membership to the membership site I just outlined above.

    Two reasons for targeting people over 50.

    1. No one else is
    2. They have disposable income
    3. People who are retired have a lot of time on their hands and want to learn something new, like how to talk to their grandchildren on skype.

    Okay, that was three things... LOL

    There are a whole myriad of things your buddy could do with his computer shop as the starting point. I've just outlined the two obvious ones.
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  • Profile picture of the author GeoMasters
    Wow, 1k a month? I've seen total newbies make more that 3k consistently after their first 2 months with a little bit of guidance. But most of these people have been product creators, a much easier and faster way to make money.

    I suggest you tell your friend to throw up some stuff into a video course being that he has all that free time and concentrate on recruiting affiliates.
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  • Profile picture of the author JustinG30
    His computer shop is sales and service. Our area is just so saturated with computer shops. Their is like 8 within 3 miles and a best buy in a city with population of about 35k so competeition is stiff as can be. He wants me to invest some money into it thats why im trying to find ways for him to make some extra money while hes just sitting their with no customers. Great ideas everyone and thanks so much!
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  • Profile picture of the author Eddie Spangler
    I would suggest he get out there and market his business instead of just SITTING there waiting for customers.
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    • Profile picture of the author celente
      Originally Posted by Eddie Spangler View Post

      I would suggest he get out there and market his business instead of just SITTING there waiting for customers.
      nice post. Build it and they will come. Eererrrrrr I do not think so sonny!

      Go to where your customers are hanging out, the most likely place.

      In fact if you do this well, enough your copy doesnt have to even be that good, you will see results. Targeted traffic or customers is how you win this game.
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  • Profile picture of the author Steven Fullman
    Hi Justin

    My idea:

    Article writing, backlinking etc...Good, honest work, of course, but too much like work to get me excited.

    I prefer a 'write once, profit forever' approach...

    Instead, I'd spend 6 weeks creating:

    a) A kick-ass front-end product, and
    b) A kick-assier back-end companion product

    Then I'd spend the final 2 weeks recruiting affiliates @ 100+% front-end commish.

    The idea is to make some dough on the back-end...and all the time, your happy affiliates are growing your list of actual buyers.

    Back-of-cigarette-packet projections with made-up prices:

    a) Front-end product @ $27 -- affiliate gets 100%
    b) Back-end upsell, @ $17 -- you get 100%

    Assume your back-end product has a 20% conversion rate (not unusual, especially if the upsell is cheaper than the main product, and adds considerable value to it)

    You need just 10 visitors on your back-end product per day to break $1000/mo...(10 * 0.2 * 17 * 30 = $1020)

    To get those 10 visitors, you obviously need 10 front-end sales first...so...

    Assume your front-end product has a 2% conversion rate (not unusual, especially if the main product is kick-ass, as mentioned earlier)

    So, to get 10 affiliate sales per day, you need ~ 500 visitors/day.

    In other words, if you have:

    10 affiliates, they need to send 50 visitors each per day to your front-end product.

    100 affiliates = 5 visitors each per day.

    500 affiliates = 1 visitor each per day.

    1000 affiliates = 1 visitor each every other day.

    Bear in mind, affiliate recruitment is an ongoing process, but easy enough if you say, "Hey! How about 100% commission on a great product?"

    There are affiliate networks in practically every niche.

    ...the big advantages of this approach are:

    1) You don't have to promote your product, build backlinks, write articles etc...your affiliates will do that stuff for you.

    2) You can recruit extra affiliates *every time* someone buys your front end product ("tell your friends and make 100% commission for every sale!"). AKA Viral marketing.

    3) You'll have an ever expanding list of buyers to promote other offers to.

    4) Once you have some spare cash in the bank, you can outsource and repeat the entire process.

    5) Your site becomes an authority in your niche, because of 1)

    6) Isn't that enough?

    Example:

    Front end product ($27): "How To Sell Your House For Maximum Profit With Minimum Effort!" (report)
    Back-end product ($17): Cheat sheets, webinars, videos, sample estate agent ads, sample legal docs, mortgage tips etc...basically a bunch of stuff which adds value to the main product, at a no-brainer price.

    (I know nothing about selling houses, as you can tell!)

    Hope that helps,
    Steve
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  • Profile picture of the author PerfectSolution
    wow Steve, that what makes him so succcessful and sets him apart from the rest. his mindset and thinking. But could a newbie with no reputation do all that you have listed?
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    • Profile picture of the author aaronblevins
      Yes, they definitely can. As you can see, I'm a newbie here on the WF, and I already have 4 WSO's that I'm in the process of developing, with the full intent of reaching out to any and all Warriors with big lists, offering 100% commission, to help promote it.

      You can definitely do it. Just take action!
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      College dropout turned community builder. In 2 years, I've built a community of over 250k raving fans and monetized them for thousands of dollars. Want me to help you do that too? Hit me up. www.WorkingWithBlevins.com

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  • Profile picture of the author Taniwha
    I have had good success with being an affiliate of AWeber because once someone starts a blog and has consistent viewers, they will most likely stay with the software.
    Then again, i'm not making 1000 recurring from AWeber.

    The problem with a lot of recurring products on ClickBank is that people don't usually stay with them that long.
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  • Profile picture of the author Randall Magwood
    Start a paid monthly newsletter for $20/month, and get 50 people to sign up.
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  • Profile picture of the author Tech19
    If you are looking for a monthly residual $1000 after only 2 months that will be a lot tougher. If you are just meaning anything he can do while he is just sitting there, and make $1000 per month, then freelancing would be the way to go at the beginning. When I was first starting I did 1k per month easy writing articles. I didn't enjoy it very much but it generated the money I needed to get started in other areas of my business.

    Obviously you have to be consistent with the work, but honestly it's one of the best ways to get instant cash flow. I will even go back to writing when I need a break from some of the other stuff I'm working on, and make a few bucks in the process.
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  • Profile picture of the author JeremiahSay
    There are many ways to generate $1000 per month in residual income.. you just have to find what works best for you.. Personally I find the hybrid of affiliate marketing and network marketing work best for me - it's okay if you don't understand, because most IM doesn't understand it as well - check out this video here: Affiliate Payout Plan | Affiliate Club

    Hope this help,
    Jeremiah
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  • Profile picture of the author JustinG30
    Some really good ideas so far. I showed this to him and one in particular really struck his interest. I think the whole point of this thread though was getting missed by some. I was trying to come up with ways for someone who owns a brick and mortar store but has slow periods, to build something with that free time. I personally own a couple brick and mortar myself and i dont have a down moment or season at all because when one of my businesses is slow that means my other one is in full force during the season.

    A lot of places arent like that though so a lot of people have tons of free time. No matter how much you advertise their just frankly is dead time that you cant get around. So this is a great thread so far for local people who are in that situation like my buddy.
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  • Profile picture of the author matus37
    1.Make squeeze page and install autoresponder

    2.Start create list

    3.Focus on one fast and free traffic method - Facebook
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  • Profile picture of the author Mike Hill
    Tell your buddy to go to the local Chamber of Commerce, join and strike up a deal where he services their computers and equipment, gives them good deals on new ones so long as he can keep, sanitize, refurbish and sell the old ones.

    This way he can then compete against the other stores by offering perfectly good computers at a much lower rate because they are refurbished. He has an edge in that he is local so if anyone has a problem they can just get in the car and bring down the computer to him instead of spending upwards of $100 to mail it to the larger companies offices.

    Stores like Future Shop and the like fail miserably at servicing computers and hardware.

    He can also offer the same deal to all of the Chamber of Commerce members at a special "members only" price.

    Then he can go and strike up the same deal with the local Government offices, etc...
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  • Profile picture of the author Hooked
    interesting thread, Justin can you pm me your skype details or your email address. I have been doing site leasing and i know you are just getting into it, i would love to talk to you more about it.
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