IDEA FOR HUGE MONEY MAKING WSO.

34 replies
I have been thinking of doing a WSO for awhile, but not sure if it would go over well or not.

First I am not sure if I have to pay to be a war member, an if I do how much is it? Then how much is it to list a wso?

I am planning on offering franchise deals for each one of my local sites.
Each site is a barter trade, green, recycling site geared towards moms, it allows local moms to buy, sell, trade and connect.

I am thinking of offering a chance to sponsor one site, and get some great perks ie. your adsense on the site, residuals of all local sponsor ads, residuals on vendor sites sold, a sponsored by link an ad on each site, highlighting that this site would not exist if it wasnt for such and such business.

This is a limited opportunity, because we only have one site in each County across the us, so roughly about 3000 sites. Each sponsor would be the sole sponsor for said site.

It would be a great way to set up an automatic income, ie passive, residual what have you.

Each site has a chapter mom already running the network...

Anyhow, does it sound like a good idea? if so what would a good price point be?

I don't want to waste my time, or anyone elses for that matter, but I know this woud be a pretty sweet setup for alot of warriors.

Like an instant community, etsy, complete membership site without any of the work.

So what do you warriors think? good idea? bad idea? price range?
#huge #idea #making #money #wso
  • Profile picture of the author JasonGiorgini
    Hi,

    There is a one-time fee of $37 to come a War Room Member. Those who upgrade will be able to:

    1) Post Warrior Special Offers

    2) Get Instant Access To The War Room

    It will then cost you another $40 to list your WSO.

    Sorry I can't help with your other questions. It seems like a good idea, not sure on price point however. Perhaps some other Warriors could chime in.
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  • Profile picture of the author momtraders
    Ok so $37, and then $40 to list? Man I remember back in the day when it was $20 to post a wso and that was it. Those where the good ole days LOL.
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    • Profile picture of the author sbucciarel
      Banned
      Originally Posted by momtraders View Post

      Ok so $37, and then $40 to list? Man I remember back in the day when it was $20 to post a wso and that was it. Those where the good ole days LOL.
      $40 to list after you're a war room member and then $40 to bump it each time it reaches the third page if you choose to bump it back to page one. It will stay on page one for 6-8 hrs.
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      • Profile picture of the author CDarklock
        Originally Posted by sbucciarel View Post

        ...and then $40 to bump it each time it reaches the third page if you choose to bump it back to page one.
        Why would anyone do such a thing?

        It's not like a significant number of most people's WSO sales come from people browsing the WSO forum anymore. They mostly come from sig links, list mailings, and affiliates.
        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 mosthost
          Originally Posted by CDarklock View Post

          Why would anyone do such a thing?

          It's not like a significant number of most people's WSO sales come from people browsing the WSO forum anymore. They mostly come from sig links, list mailings, and affiliates.
          I enjoyed the article in your Sig.
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  • Profile picture of the author travlinguy
    No dirty little secrets? No Ninja tricks? No money for little or no work? No autopilot? Hmmm... You can try. Remember who the buyers are here though. Primarily males aged 18 - 30. You're offering what appears to be a legit business model. Good luck.
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    • Profile picture of the author Paul Gram
      Originally Posted by travlinguy View Post

      No dirty little secrets? No Ninja tricks? No money for little or no work? No autopilot? Hmmm... You can try. Remember who the buyers are here though. Primarily males aged 18 - 30. You're offering what appears to be a legit business model. Good luck.
      I was thinking the same thing! This may not be your best place to advertise since you don't have some BS make money with no work for only $7 product.

      Seriously though, $40 isn't much for a WSO so it should be worth a good test but I have a feeling you will get a better bang for your buck elsewhere.
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      • Profile picture of the author travlinguy
        Originally Posted by Paul Gram View Post

        I was thinking the same thing! This may not be your best place to advertise since you don't have some BS make money with no work for only $7 product.

        Seriously though, $40 isn't much for a WSO so it should be worth a good test but I have a feeling you will get a better bang for your buck elsewhere.
        I'm not saying the offers are all BS. But most of them fit a very definite and predictable model.
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  • Profile picture of the author momtraders
    Hahaha, yeah MOMS know all about dirty secrets LOL. No but really my moms love running their local sites, we have repeate visitors etc. They love trading with other moms, a smart business person would see the potential, and each sponsor would be such a hero, because the local site would be provided because of said marketer. Yes it is a legit business model. Yes it is established, you would even get to choose your local site. Or a unlocal site. but if it was a local site, it would be far more beneficial to the sponsors business.
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    • Profile picture of the author travlinguy
      Originally Posted by momtraders View Post

      Hahaha, yeah MOMS know all about dirty secrets LOL. No but really my moms love running their local sites, we have repeate visitors etc. They love trading with other moms, a smart business person would see the potential, and each sponsor would be such a hero, because the local site would be provided because of said marketer. Yes it is a legit business model. Yes it is established, you would even get to choose your local site. Or a unlocal site. but if it was a local site, it would be far more beneficial to the sponsors business.
      I was being facetious. I know you're in earnest. Take some time and monitor the WSO board and see what's flying there. Buyers like stuff offering big promises of easy money with little work. If you can talior your stuff to come across that way you might have a chance. Having been around here for a while, it might be a stretch. Excellent copy would be very much to your advantage if you did go for it. Good luck.
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  • Profile picture of the author WebPen
    I'm like 99% sure you don't have to be a War Room member to post WSOs- am I wrong?
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  • Profile picture of the author momtraders
    Paul, where else would be a good place? I only know of here, and the digitalpoint forums.
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  • Profile picture of the author momtraders
    I dont think a warrior for hire would be right, because I am not hiring, I am offering sponsorship spots. Hmmm maybe the joint venture thread would work? BUT not sure how much traffic that would generate.
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    • Profile picture of the author travlinguy
      Originally Posted by momtraders View Post

      I dont think a warrior for hire would be right, because I am not hiring, I am offering sponsorship spots. Hmmm maybe the joint venture thread would work? BUT not sure how much traffic that would generate.
      The JV section is free to post (unless that's changed recently) so that's a really good idea. You could write a compelling offer in your JV thread with a link to a really comprehensive pitch page on your site. I like that idea. Don't underestimate the JV forum. Lots of big business going down there.
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  • Profile picture of the author momtraders
    yes, it is the MOM niche. I offer a free site locally to ONE MOM per County, that MOM runs her local site, keeps local trades going, posts stuff for sale etc. She is the face of my business on a local level. Then we have smaller members, that signup for free, and posts items for trade, and chat with moms in their local County. So each site is BUSY. Then we have advertisers spots, ie local salons, hair dressers, thrift stores etc. and then we have vendor sites, again local sites, so local moms can have their own store connected to their local trader site. It is really a massive network. I am thinking of allowing sponsors for each site. So. it would be a monthly fee, ahh something small or whatever, but that sponsor would then get residuals on all sponsor spots sold, all vendor sites sold. All of this is residual an of course they would have their links, advertisments endorsements etc. I am thinking it would be a dream for a marketer, because it is already established, has someone else running it, managing it, has a community, is setup for multiple residual income streams and it is in a niche that builds credibility and reputation. But that is just a few details. I guess I could call it a franchise deal...
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    • Profile picture of the author Alexa Smith
      Banned
      Originally Posted by momtraders View Post

      I guess I could call it a franchise deal...
      Hi Candace, I think you need to be very careful about that, because of all the legal/regulatory considerations about promoting "franchises".

      I think you have a potentially great idea here, and perhaps one that come become a huge and successful business for you.

      I'm not convinced a WSO is the right form of promotion for it at all, though (I'd be thinking "much bigger", myself), and it seems clear that you do need some legal advice right at the outset (whether using the word "franchise" or not!).

      Wishing you very good luck with it!
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  • Profile picture of the author momtraders
    well travelingguy, I better get started on my copy So excited, I will definatly update everyone when I have something up. Instant membership in a box lol.
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  • Profile picture of the author Andrei
    Mom you should also pay a 20$ fee when you launch your WSO in other to be listed on WSO pro. This way you will be able to get affiliate to promote for you and increase your sale. Also this month this tax is free as a March-April promotion so you just have to launch in the next 15 days and you won't pay that tax...
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  • Profile picture of the author momtraders
    hahaha, you called me MOM. Anyhow, I have an affiliate program built into my business, but I will check it out, and for the record you can call me Candace.
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  • Profile picture of the author Tsnyder
    Originally Posted by momtraders View Post

    I am planning on offering franchise deals for each one of my local sites.
    I know this isn't the advice you were looking for but
    I think I would stop using the word franchise (it has a
    specific legal meaning and is subject to specific legal
    requirements) and think about the idea of licensing.

    Consult an attorney on the subject.

    I think you have a great idea!
    Signature
    If you knew what I know you'd be doing what I do...
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    • Profile picture of the author Bill Farnham
      Originally Posted by Tsnyder View Post

      I know this isn't the advice you were looking for but
      I think I would stop using the word franchise (it has a
      specific legal meaning and is subject to specific legal
      requirements) and think about the idea of licensing.

      Consult an attorney on the subject.
      I actually wrote this exact same response earlier today because most people who haven't traveled down the 'selling franchises' route aren't aware of penalties that can amount to $5000 per incident of pitching a franchise without the proper foundation.

      But I deleted it instead of posting it because it generally falls on deaf ears.

      I'm glad to see someone else understands the ramifications.

      ~Bill
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    • Profile picture of the author digichik
      Originally Posted by Tsnyder View Post

      I know this isn't the advice you were looking for but
      I think I would stop using the word franchise (it has a
      specific legal meaning and is subject to specific legal
      requirements) and think about the idea of licensing.

      Consult an attorney on the subject.

      I think you have a great idea!

      This is true. Depending on the state you operate from, you may be able to characterize it as a 'business opportunity', but again you will have to consult an attorney to find out the laws of your state.
      Signature



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      • Profile picture of the author Dan Curtis
        I don't think this is a good idea for a WSO.

        If I understand what you are proposing it looks like something that would have a monthly fee attached. The amount would be anyone's guess.

        If the potential is just a fraction of what you have outlined each site could be quite valuable. I would go slow and test different price points so as not to undervalue your offer.
        Signature

        The world is quite ruthless in selecting between the dream and the reality, even where we will not. Between the wish and the thing the world lies waiting. -- Cormac McCarthy

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  • Profile picture of the author momtraders
    Thanks for the information guys, I will word it differently. And look into the laws. Dan thank you for the feedback. I am testing by offering the options to my current list and members first. If it goes over well, I will expand from there.
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    • Profile picture of the author Mike Ogbin
      Originally Posted by momtraders View Post

      Thanks for the information guys, I will word it differently. And look into the laws. Dan thank you for the feedback. I am testing by offering the options to my current list and members first. If it goes over well, I will expand from there.

      Good Luck MOM (maybe this is not your real name I think is Candace ). I think it's better to promote it to your email list because the members are probably more potential targeted customers.

      You probably promote it in your forum signature link, JV section, send reviews to some members.

      I think it's better to become War Room member even you don't decide to create a WSO yet.
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      Speedy Up - Jumping game that change your mood and put smile in your face :)
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  • Profile picture of the author momtraders
    nice to know CDarklock. I will add my link to my siggy once I get everything setup.
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  • Profile picture of the author onSubie
    Hi

    My question is: why do you need sponsors?

    If I am paying you $40 a month with the expectations that revenue will exceed my fee, wouldn't you make more money by keeping the revenue?

    And wouldn't it be easier to get sponsors if you offered them for FREE, but stipulated that the first $40 of revenue went to the site?

    I don't really understand the business model. I pay you $40 a month in return for $50 a month?

    Or am I paying $40 a month to fund you and "hope" that revenues are high enough to get a return? If I am paying $40 a month and revenues are $10, what am I buying?

    Mahlon
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  • Profile picture of the author momtraders
    hi onsubie,

    Thanks for your question. You are sponsoring an established website that is community based, has it's own monetary system, has a userbase, is a turnkey membership site, and is an authority site.

    The funds help me move forward, even if (your) site earns $12,000/monthly, it is not in my interest.
    I have been moved to create this site, and it is for the greater good. It is needed. I am simply sharing the wealth.

    Because I have built everything on my own, many hours worth mind you!

    I can only go so far with what is needed.

    there are 3,000 of these sites.
    I can only manage so many of them.

    This would be a great way for anyone to hit the ground running in IM so to speak.

    each site is set up for a residual income, and there is NO competition. We are that unique.. YAY!

    Thanks again for your question.
    Candace

    P.S shout out to Mike for the kind words.
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  • Profile picture of the author jakecoop79
    You might check out a site called "cafemom.com"

    It's just a networking/facebook type site for moms. You can set up a profile there and there are tons of groups to get involved in. They have many groups on moms looking for home businesses. You should definitely check it out.
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  • Profile picture of the author momtraders
    Thanks Jake, right now I am working out joint ventures with many people. So I will see how well that does. I have had my VA post on CafeMOM, and we had a great response so far.
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