What is your plan to make $1M this year?

121 replies
Yeah, I know, most people are happy with $100 a day ($36,000).
However, if you shoot for the stars, you might hit the moon!

Perhaps many think "impossible!" But, is it?
You know the story of the little boy who was offered a dollar a day for every day in one month that he kept his room tidy, by his Dad?
The boy said, "No Dad, give me a cent the first day and double it every day!"
Know how much he ended up with? It was millions (except his Dad couldn't pay)!

That is the power of multiplication!

So, what you need is a high ticket product (that delivers) and to get a good number of people to buy (using affiliates perhaps)! $1,000 product sold 2000 times with a 50/50 split, would give you and your affiliates $1M.

Any ideas?

Richard
#$1m #make #plan #year
  • Profile picture of the author dvduval
    I try to make plans that are more comparable to giving myself a raise through smart business practices, and less focusing on ideas that are as likely as winning the lottery. Often I have targets related to getting staff members trained and happy with their jobs, and building relationships with customers that will last a long time. These are not money targets so much as they are money guarantees for the years to come. I'm not far from being able to sell my business for 7 figures but I really like it too much to stop now!
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    • Profile picture of the author dredman
      Originally Posted by dvduval View Post

      I try to make plans that are more comparable to giving myself a raise through smart business practices, and less focusing on ideas that are as likely as winning the lottery. Often I have targets related to getting staff members trained and happy with their jobs, and building relationships with customers that will last a long time. These are not money targets so much as they are money guarantees for the years to come. I'm not far from being able to sell my business for 7 figures but I really like it too much to stop now!
      This is an amazing outlook. Thanks for sharing it.
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    • Profile picture of the author Richard Mortimer
      Originally Posted by dvduval View Post

      I try to make plans that are more comparable to giving myself a raise through smart business practices, and less focusing on ideas that are as likely as winning the lottery. Often I have targets related to getting staff members trained and happy with their jobs, and building relationships with customers that will last a long time. These are not money targets so much as they are money guarantees for the years to come. I'm not far from being able to sell my business for 7 figures but I really like it too much to stop now!
      Hey, thanks for that. Really good tips.
      Yeah, a straight forward 'honest' business that grows steadily is a much better ideal.
      Focussing on $1M probably isn't the best way. Although, it does speak of 'massive' ACTION, which is what anyone who wants that kind of business will need to do.
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  • Profile picture of the author J50
    I have this secret. But, it will cost you ONE MILLION DOLLARS. I take direct deposit only to my account in the Bahamas. I eagerly await your response.

    Kind regards
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  • Profile picture of the author thedark
    I think that the best plan is to constantly grow. Try to find new ways to make more than last year, like the child did, to double it every year. Find new ways to get traffic, new ways to monetize, launch a new website, launch a new product.

    It is true that you can sell a $1,000 product. For example, if you invest 500$ in advertising you may have more changes to sell your $1000 product, than investing 5$ in advertising to sell a $10 product, but you still have to give some value to that product, else they will request refunds, unless you are John Chow.

    However, you first need to a/b test your landing pages. For that, you need tens of test purchases, and for that you need a lot of money. If you have 50,000 or so, then you might go for the $1000 product. Buf if someone earns 3000$ a month, he better goes for a product that will make him to earn $6000 a month. In this way, in 5 years he will reach $1M. Healthy, with solid products at sale, eggs in different baskets.
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  • Profile picture of the author dvduval
    And there is a big difference between a plan to become "worth" a million dollars, and "having" a million cash. Small steps over time lead to this. I've got a million pages online but I started over a decade ago. We are talking sites that people use and enjoy, not a bunch of automated crap. That stuff does NOT work if you want to be worth a million in 10 years.
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  • Profile picture of the author Edk
    My plan is to follow people who are trustworthy. It might seem more easily said than done but the good guys get testimonials that 'you don't have to suspend judgment a little' to track with.
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    • Profile picture of the author Nicole Nahi
      Originally Posted by Edk View Post

      My plan is to follow people who are trustworthy. It might seem more easily said than done but the good guys get testimonials that 'you don't have to suspend judgment a little' to track with.
      How do you know who is trustworthy?
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  • Profile picture of the author WordpressManiac
    I want to focus on list building and recurring income this year. This way I can build up my business step by step and maybe reach 1M some day :-)
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  • Profile picture of the author napoleonfirst
    [DELETED]
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    • Profile picture of the author HellaFamous
      Originally Posted by napoleonfirst View Post

      You just need to buy top software to generate targeted traffic or leads from the WSO section, get the money and buy a membership in IMWithJamie.com, where he sells a high ticket product to create profitable sites in minutes
      i really wish the mods would ban you. seriously.
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  • Profile picture of the author thedanbrown
    Yeah, I'm looking to focus on my continuity program this year...

    recurring income is the best way to get setup but I would be interested in creating a higher ticket item in the future as well.

    @napoleon... I don't think ANYONE should focus on buying products if they want to MAKE 1 Million this year... they should probably focus on marketing their own product!
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    • Profile picture of the author Brains Gone Wild
      Originally Posted by thedanbrown View Post

      Yeah, I'm looking to focus on my continuity program this year...

      recurring income is the best way to get setup but I would be interested in creating a higher ticket item in the future as well.

      @napoleon... I don't think ANYONE should focus on buying products if they want to MAKE 1 Million this year... they should probably focus on marketing their own product!
      I agree with you Dan and I think it's a good start.... also, I think napoleon IS focusing on "marketing" (spamming) his own product
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  • Profile picture of the author howtogurus
    I have found that over time, marketing tends to be pretty consistent. For instance I get a 9 to 11% open rate on any email I send out. Doesn't seem to matter what the email is. So for me to increase sales I have a couple of options:
    Add more names to my list (this should be an ongoing process)
    Use other people's lists (solo ads, selling through affiliates, etc.)

    The best plan is to do what is working right now, then find ways to multiply that process.
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  • Profile picture of the author Mogly
    Definitely shooting for the stars... why not.

    I'm building an authority blog based around honest affiliate marketing.

    Provide real value to people --> gain their trust and credibility.
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  • Profile picture of the author satrap
    I tend to think that setting smaller more manageable goals makes it much easier for me to succeed. Not to mention, when you set too big of a goal, you often end up shooting yourself in the foot. More often than not, you end up not achieving that big goal, and just the disappointing alone is enough for many people to give up the whole thing.
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  • Profile picture of the author manicmethods
    2000 x $1,000 x 0.5 = $1,000,000
    20000 x $100 x 0.5 = $1,000,000
    2 x $1,000,000 x 0.5 = $1,000,000
    EVEN 1 x $1,000,000 x 1 = $1,000,000

    But that means NOTHING!

    Anyone can say this times this x this is a million but there's no business thought behind it.

    I don't know how much you're making online and don't want you to tell us BUT I expect it is a way off the $1,000,000 a year mark, correct?

    Then why don't you set yourself more attainable goals that are split into quarterly periods for example. I don't know, make $1,000 a week consistently for 3 months. Then make $1,250 a week consistently with $xxx in recurring commissions and so on.

    From the sounds of it you want a quick fix way to get a million in the bank. IF ONLY!
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  • I'd expect you to have made 6 figures already to be aiming that high this year. I'm on 5 figures yearly, and my first goal is to attain 6 figures, and keep it going at an upwards trend. Eventually it'll get there, I've no hurry to hit a million, because I don't need that much to live the life I need. Heck, I don't even need 6 figures, but from that point onwards it just adds a bigger and bigger safety net = )
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  • Profile picture of the author Brains Gone Wild
    I personally believe that earning $1 million has very little to do with math & numbers and more to do with actually providing value. A funny thing happens when we focus on providing something and focus less on receiving something....
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    • Profile picture of the author WarrenPeterson
      Originally Posted by Brains Gone Wild View Post

      I personally believe that earning $1 million has very little to do with math & numbers and more to do with actually providing value. A funny thing happens when we focus on providing something and focus less on receiving something....
      This ^ is the answer. While it is true that you need to have an understanding of the math - that understanding is more in the realm of actual business financials versus 'fun math'.

      If you want to earn 1M, you need to solve 1M worth of problems for your target market. Your target market will have much more to say about price points, sales, and volume, than your fun math ever will.
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      • Profile picture of the author Dustin Lyle
        Originally Posted by WarrenPeterson View Post

        This ^ is the answer. While it is true that you need to have an understanding of the math - that understanding is more in the realm of actual business financials versus 'fun math'.

        If you want to earn 1M, you need to solve 1M worth of problems for your target market. Your target market will have much more to say about price points, sales, and volume, than your fun math ever will.


        Yes, you would also need to have a firm understanding that 1mm in "problems" is a completely different amount of problems from person to person. In South Tampa or Bayside St Pete, a Spray Tan can run $300 on average. In Mid Tennessee, your paying $100 MAX for the same "problem solving" service.


        To the experiment regarding the begging for $100's... I can tell you this. In the time you got $100 in $1 bills, I KNOW i could get more than one $100 bill.

        I think people have a strong misunderstanding of just how much money some people have. If you go to the right place, geographically target the market, people will spend an obscene amount of money if given the opportunity and illusion of scarcity.

        Never forget this... If you give it away now, people will never pay for it tomorrow.
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        • Profile picture of the author WarrenPeterson
          Originally Posted by Dustin Lyle View Post

          Yes, you would also need to have a firm understanding that 1mm in "problems" is a completely different amount of problems from person to person. In South Tampa or Bayside St Pete, a Spray Tan can run $300 on average. In Mid Tennessee, your paying $100 MAX for the same "problem solving" service.

          ...
          Agreed, the point is in providing 1M in service. The market that has been targeted will largely dictate the economics of volume to reach that revenue target, but at the end of the day all that matters is solving problems.
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  • Profile picture of the author Raindance
    A handy tip: There is very less likelihood that you will make a million dollars all by yourself. If you have such a big target then you have to upscale your work exponentially, and thus, you'll need to outsource it. Not just some articles or some designs, but chunks of them. If you believe that you can make 1 million in a year all by yourself then that's totally unrealistic. You need more people for more productivity.

    As long as you have a plan, and you work extremely hard on making that plan work, you might as well enter 2014 as a millionaire.
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    • Profile picture of the author lofiegos
      Originally Posted by Raindance View Post

      A handy tip: There is very less likelihood that you will make a million dollars all by yourself. If you have such a big target then you have to upscale your work exponentially, and thus, you'll need to outsource it. Not just some articles or some designs, but chunks of them. If you believe that you can make 1 million in a year all by yourself then that's totally unrealistic. You need more people for more productivity.

      As long as you have a plan, and you work extremely hard on making that plan work, you might as well enter 2014 as a millionaire.
      Agree with that! Or perhaps you have some "beginners luck"
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  • Profile picture of the author Tom101
    Hey man, affiliates are known to sometimes hit the jackpot in different niches. Good luck!
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    • Profile picture of the author brentb
      Originally Posted by Tom101 View Post

      Hey man, affiliates are known to sometimes hit the jackpot in different niches. Good luck!
      I hit it with an offer a few times where I was making ultimate bukku cash ie like 3000% return on investment... its not something you can count on and usually disappears fast. There is no business plan that you can set up around this.

      I personally shoot for easy to achieve 'steps' that lead to a bigger but attainable goal.
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  • Profile picture of the author Ben Gordon
    Perhaps many think "impossible!" But, is it?
    You know the story of the little boy who was offered a dollar a day for every day in one month that he kept his room tidy, by his Dad?
    The boy said, "No Dad, give me a cent the first day and double it every day!"
    Know how much he ended up with? It was millions (except his Dad couldn't pay)!
    Haha, classic!

    So, what you need is a high ticket product (that delivers) and to get a good number of people to buy (using affiliates perhaps)! $1,000 product sold 2000 times with a 50/50 split, would give you and your affiliates $1M.
    I wish it was that easy.

    I have a long sales funnel leading to products like that but it's a little too hard to sell upfront -- especially with the time necessary to help the students after the product is sold to them (e.g. for one of my high end products in the dog niche -- including pre-recorded training -- I actually skype with them for two weeks, an hour each day, to train their dog -- but that costs over $3,500 to be fair).

    I was really close to a making a million last year, hopefully I'll be able to reach it this year considering none of my businesses stop working.
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  • Profile picture of the author FirstSocialApps
    Originally Posted by RevRPM View Post

    So, what you need is a high ticket product (that delivers) and to get a good number of people to buy (using affiliates perhaps)! $1,000 product sold 2000 times with a 50/50 split, would give you and your affiliates $1M.
    Actually I think thats the WRONG way to go about it. I think it is much more easy to convince 1 million people to give you $2 than it is to convince 2000 people to give you $1000. There is a whole industry based on this concept (just about every pay mobile and FB app)
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    • Profile picture of the author sal64
      Originally Posted by FirstSocialApps View Post

      Actually I think thats the WRONG way to go about it. I think it is much more easy to convince 1 million people to give you $2 than it is to convince 2000 people to give you $1000. There is a whole industry based on this concept (just about every pay mobile and FB app)
      Bullsh!t.

      That will only work if you have a product that 1 million people want... and the marketing infrastructure to back it up. There is a difference between $1m sales and $1m profit.

      The key to these downloads is that people keep buying over and over again.

      If it were that easy, we'd ALL be making $1m every month.
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      • Profile picture of the author Dustin Lyle
        I personally believe the launch of "List mayhem" is going to land me 1m this year... But I have a substantial amount of affiliates who are on board from prior successful launches.

        The reality is though, shooting for a specific number (1 mm) will likely result in a flop or if the product/service or whatever goes beyond a million, you'll be really motivated to let off the gas as you've passed your target.
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        • Profile picture of the author bangwhosnext
          Originally Posted by Dustin Lyle View Post

          I personally believe the launch of "List mayhem" is going to land me 1m this year... But I have a substantial amount of affiliates who are on board from prior successful launches.

          The reality is though, shooting for a specific number (1 mm) will likely result in a flop or if the product/service or whatever goes beyond a million, you'll be really motivated to let off the gas as you've passed your target.
          True. I never looked at it like that, but then most people would be happy with £1m
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      • Profile picture of the author FirstSocialApps
        Originally Posted by sal64 View Post

        Bullsh!t.

        That will only work if you have a product that 1 million people want... and the marketing infrastructure to back it up. There is a difference between $1m sales and $1m profit.

        The key to these downloads is that people keep buying over and over again.

        If it were that easy, we'd ALL be making $1m every month.
        Well actually you need a product that 1M people think is worth $2. Also I never said anything was 'so easy'. I said that selling something that costs $2 to 1m people is probably more easy than selling something that costs $1000 to 2000 people. I stick by this as there is so much evidence to support it.

        You are correct that you would need a way to get your product in front of all these people. But again that was not the point I was trying to make. I was just trying to point out that smaller sales prices are much more easy sales. People will spend $2 as an impulse without even thinking of it.

        Originally Posted by sal64 View Post

        Anyone who can make $10k in one year in CLEAN profit will be ahead of 98% of others.
        I think anyone who cant make $10k in one year profit is not really putting in much effort. Really anyone who tries with actual effort can make $10k a year.
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        • Profile picture of the author Dustin Lyle
          Originally Posted by FirstSocialApps View Post

          Well actually you need a product that 1M people think is worth $2. Also I never said anything was 'so easy'. I said that selling something that costs $2 to 1m people is probably more easy than selling something that costs $1000 to 2000 people. I stick by this as there is so much evidence to support it.
          Oh man I'm torn here. I know selling a million of anything for a buck should seem easier. But I personally think I could sell that same exact $1.00 item for $1,000-$2,000. When I was 13 I bought 5 dozen roses for 60 bucks. Then walked door to door in my neighborhood selling them individually for $6 each. Tell me how I ended my 2 hours of selling with MORE than $400! All the money in the world when I was 13 in a poor home.. Cute stories aside, i believe if you ask 100 people *who can afford it* if they want to buy a specific item... A certain percentage of people feel OBLIGATED to purchase at any price... Compulsive spenders and all..
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        • Profile picture of the author Ben Gordon
          Originally Posted by FirstSocialApps View Post

          Well actually you need a product that 1M people think is worth $2. Also I never said anything was 'so easy'. I said that selling something that costs $2 to 1m people is probably more easy than selling something that costs $1000 to 2000 people. I stick by this as there is so much evidence to support it.

          You are correct that you would need a way to get your product in front of all these people. But again that was not the point I was trying to make. I was just trying to point out that smaller sales prices are much more easy sales. People will spend $2 as an impulse without even thinking of it.
          Considering traffic is so expensive nowadays, it would be REALLY hard to get one million people to buy a product that's worth only $2. I mean, if you're making an offline product and selling it in dollar stores or whatever (which won't get you one million sales either) then ok. But on the internet traffic costs a lot of money and is hard to obtain.

          It would be easier to sell a $1k program to 2000 people online considering the buyers really want the product.
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          • Profile picture of the author Richard Mortimer
            Originally Posted by Ben Gordon View Post

            Considering traffic is so expensive nowadays, it would be REALLY hard to get one million people to buy a product that's worth only $2. I mean, if you're making an offline product and selling it in dollar stores or whatever (which won't get you one million sales either) then ok. But on the internet traffic costs a lot of money and is hard to obtain.

            It would be easier to sell a $1k program to 2000 people online considering the buyers really want the product.
            Exactly.....! I think there is 'lack of belief' coming through here (on the thread)!
            No-one seems to think they are capable of selling a $1,000 program to 1,000 people. (Yeah, I know that's only numbers. That's not the point).

            The point is: In profitable niches there are people who would pay $1,000 (or more) to get results. I mean, MacDonalds charge what for a franchise?
            = several million, with a pay back over 3 years.

            Thanks,

            Richard
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    • Originally Posted by FirstSocialApps View Post

      Actually I think thats the WRONG way to go about it. I think it is much more easy to convince 1 million people to give you $2 than it is to convince 2000 people to give you $1000. There is a whole industry based on this concept (just about every pay mobile and FB app)
      Getting exposure to 1M prospects is outrageously more difficult than selling high-ticket products to a few hundreds of people.

      In order to make real cash with ultra-low ticket products, you need such a sheer amount of traffic that is obtainable by VERY few people.

      If you want to make top bucks, upselling high-ticket products is the way to go.
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      • Profile picture of the author Dustin Lyle
        Originally Posted by Anonymous Affiliate View Post

        If you want to make top bucks, upselling high-ticket products is the way to go.
        And THIS is correct!


        My 2nd and last job I had... I sold Jet leases in hour packages, and yacht leases by the day. I used to believe that the riches were attained providing low dollar products/services to the masses... And my first month at work, I sold exactly zero of anything. But on month two, I made 2 sales, and netted more in commission than I made the previous year. Long story short, when your talking about scale, if you don't have a distribution channel already in place to reach the masses... High-ticket items are where its at. I think it happens to lye in the math though...

        If 100 people will pay $1.00
        and 1 person will pay $100

        Well the 1 guy thats willing to pay $100 will most likely be just as satified to pay a premium to the $100... Say $110... Just because at that price point in the example, the customer isn't really considering price AT ALL when making their buying decision.

        I've sold a $15,000 Charter to a guy who could have went right across the street and got the exact same thing for $8,000. And he knew it. But Because he liked dealing with me, he was willing to pay a premium for what he wanted, without thought to the price.
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  • Profile picture of the author owenlee
    I think the key to getting this goal is to sell low price product first and later upsell to a more advance and higher price item
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  • Profile picture of the author RachelLily
    I plan to sell coaching or teleseminars. Believe it or not, people will pay for things that they believe have value. If you have a skill as a relationship or business expert, then you can create a coaching business that is all done by phone. One coach charges $520 for one 90-minute session of "Using Facebook for your Business."

    If you want her full services, it will run you around $12,000. With free telephone bridge lines, a computer and some good content, you could realistically make $1 million dollars in a year. In this case, pricing is key as is your target audience. Most Internet marketers target people with disposable income that are looking to improve some area of their life, start a business or productivity tools.
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    • Profile picture of the author butters
      Wipe off the dust off of my monopoly box in the loft and play with the millions in there! Or is it all credit card now days!

      Seriously tho, I set myself small goals (Tasks to achieve) and make sure I complete them, I find it far more effective then just having one massive goal. I work on building up routines for my self, like, write a blog post every day. By setting myself small goals and getting in routines, it allows for me to be far more productive.
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    • Profile picture of the author sal64
      Originally Posted by RachelLily View Post

      I plan to sell coaching or teleseminars. Believe it or not, people will pay for things that they believe have value. If you have a skill as a relationship or business expert, then you can create a coaching business that is all done by phone. One coach charges $520 for one 90-minute session of "Using Facebook for your Business."

      If you want her full services, it will run you around $12,000. With free telephone bridge lines, a computer and some good content, you could realistically make $1 million dollars in a year. In this case, pricing is key as is your target audience. Most Internet marketers target people with disposable income that are looking to improve some area of their life, start a business or productivity tools.
      If you stick to your plan, you will do extremely well. Full power to you!

      High end products / services are the best way.

      I used to hate coaching, then my mentor asked me if I sent an email to my list offering a $5k program and only 10 people signed up... would I coach?

      You can well imagine my answer.

      Does a one-legged duck swim in a circle??
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    • Profile picture of the author Richard Mortimer
      Originally Posted by RachelLily View Post

      I plan to sell coaching or teleseminars. Believe it or not, people will pay for things that they believe have value. If you have a skill as a relationship or business expert, then you can create a coaching business that is all done by phone. One coach charges $520 for one 90-minute session of "Using Facebook for your Business."

      If you want her full services, it will run you around $12,000. With free telephone bridge lines, a computer and some good content, you could realistically make $1 million dollars in a year. In this case, pricing is key as is your target audience. Most Internet marketers target people with disposable income that are looking to improve some area of their life, start a business or productivity tools.
      Hey, that's the way to do it! What your subscribers want is 'results!' They might have joined to get a freebie, but that ain't going to work! Why? They don't believe it, do they? Plus, they keep getting the same information over and over again. Its the 'gaps' they are missing.

      In the end, the penny drops! "Ah, ha, I need a coach!" It might be the very same info in the freebie e-book (or 2, etc). But, they are paying $1,000 to have you fill the gaps in for them. Its a question of trust.

      Its not that difficult (with the right email campaign) to upgrade someone within a few weeks. In fact, that's when you really need to get them hooked on working with you. You won't get everyone, of course. But, 10% is possible. So, you need 100 a month to get our target. That's 1,000 subscribers.

      Front-end = really good free report / WSO --> credibility / engagement / pre-sell emails --> high ticket products / coaching program.

      Forget selling them endless amounts of $7 products or even $47, they see you as 'cheap' and not worth your coaching fee.

      Thanks, Richard
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  • Profile picture of the author sal64
    ha ha... If i had a plan to make $1m, I wouldn't be sharing it on here.

    Seriously though, unless you have an established business and deep pockets, you will struggle.

    Fantasy land stuff IMO.

    Anyone who can make $10k in one year in CLEAN profit will be ahead of 98% of others.
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  • Profile picture of the author mikemeth
    Product is the best way to achieve that plan for me but still haven't started on it yet :/
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  • Profile picture of the author FirstSocialApps
    Here is a thought experiment. One you can actually do if you choose, but you would have to humble yourself to do it:

    -Stand on a busy city corner and ask people who go past you for $1
    -Have a friend stand on the same corner and have him ask people for $100 (if they offer him less than $100 he cant take it)

    Who do you think will make more money in the day?
    $1 is such a low amount that the people 'spend' (by giving it to you) without even thinking. They dont care about the product (in this thought experiment there really is no product) As I said this is how mobile apps and FB games work. The price is so low that the people dont even care, the product itself means very little. It only has to have a minor perception of value.

    Of course you need to be on a 'busy street corner' ... with lots of people.
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    • Profile picture of the author AndrewCavanagh
      Originally Posted by FirstSocialApps View Post

      Here is a thought experiment. One you can actually do if you choose, but you would have to humble yourself to do it:

      -Stand on a busy city corner and ask people who go past you for $1
      -Have a friend stand on the same corner and have him ask people for $100 (if they offer him less than $100 he cant take it)

      Who do you think will make more money in the day?

      I would bet serious money the guy asking for $100 would make a whole lot more
      money in a day.

      He only needs one yes to get ahead of the guy asking for $1.

      And if he's dressed the right way and approaches people the right
      way his chances are going to go up.

      They guy asking for $1 has a labor problem. He's only able to take
      $1 off each person.

      That's a lot of talking for minimal reward.


      That's the key problem with the low price model...you need huge
      infrastructure to handle all the clients you're going to have.

      And most people on this forum don't have that infrastructure and
      they're certainly not going to build it inside a year.


      I think it's important to point out there have been multiple product
      launches over the years in the internet marketing niche that brought
      in more than $1million dollars in sales.

      In every case the product was priced at $1,000 or more.

      And the smart marketers had backend offers that brought them
      in $5,000 or more over the year after that.

      Kindest regards,
      Andrew Cavanagh
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  • Profile picture of the author FirstSocialApps
    Well this is the low price / high volume VRS high price / low volume strategy debate. Obvously I favor the low price / high volume plan. Both 'can' be sucessful. But low price / high volume is shown to have the most success over all in many industries.

    As for the begging $100 bills. Im willing to wager $100 that you couldn't convince anyone on the street to give you a single $100 bill in a 8 hour day.
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    • Profile picture of the author WarrenPeterson
      Originally Posted by FirstSocialApps View Post

      Well this is the low price / high volume VRS high price / low volume strategy debate. Obvously I favor the low price / high volume plan. Both 'can' be sucessful. But low price / high volume is shown to have the most success over all in many industries.

      ...
      Low price and high volume is more effective in consumer goods and consumer commodity type markets. Markets where the consumer has been trained that low price is all that matters. But even there, smart entrepreneurs have found ways to alter that model.

      There are now plenty of "upscale" cheeseburger restaurants. The plain old cheeseburger, go find one for a dollar or go find one for fifteen. Both markets exist, just different models.

      When companies get in trouble is when they try to move into the other model. If McDonald's or Burger King came out with a fifteen dollar burger, it would flop. If the upscale places came out with a dollar burger (excluding kid's meal type items), it would flop. And the cost to the company for the 'experiment' would be much more than lost sales, the company branding would be confused to their target markets.

      Low cost / high cost will exist as a discussion long after we are dead. Ultimately, the best choice is to create the business model around one of those strategies, then meet the market needs, and get to work.
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      • Profile picture of the author dvduval
        Originally Posted by WarrenPeterson View Post

        Low price and high volume is more effective in consumer goods and consumer commodity type markets. Markets where the consumer has been trained that low price is all that matters. But even there, smart entrepreneurs have found ways to alter that model.

        There are now plenty of "upscale" cheeseburger restaurants. The plain old cheeseburger, go find one for a dollar or go find one for fifteen. Both markets exist, just different models.

        When companies get in trouble is when they try to move into the other model. If McDonald's or Burger King came out with a fifteen dollar burger, it would flop. If the upscale places came out with a dollar burger (excluding kid's meal type items), it would flop. And the cost to the company for the 'experiment' would be much more than lost sales, the company branding would be confused to their target markets.

        Low cost / high cost will exist as a discussion long after we are dead. Ultimately, the best choice is to create the business model around one of those strategies, then meet the market needs, and get to work.
        It's all in how you scale. There are actually a couple of guys that were VPs at McDonalds opening up a healthy but moderately fast food restaurant in Palo Alto. There is a wealthier clientele there and they have more service and higher quality food. It's called Lyfe Kitchen.
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  • Profile picture of the author jipolis7
    Of course affiliate marketing is the first choice for me to get one million in a year with more than 1000 products.

    How to make a MILLION dollars (and what to do if you don't!)

    Why not check out this squidoo page to get some idea?
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  • Profile picture of the author sal64
    This has become a tedious yet mildly amusing thread.

    Volume with a low price versus low turnover at a higher price?

    Either way, there is a substantial amount of R&D that goes into each avenue. Big money and time.

    One example that comes to mind was a little book called Everything That Men Understand About women.

    Inside, all the pages were blank. Sold over a million copies if I recall correctly. Great novelty item.

    So yeah if you can land a fish that has this appeal then you will get lucky. But how many people really get that lucky?

    There are millions of great ideas out there that have sent the owners broke.

    So I guess you could get there by selling a $1 widget to a million people... but you'll get there faster by selling a $10 widget to 100,000 people.

    If either approach were the answer then we'd all be filthy rich. Reality is that either way, you need effort, resources and a real business model that works.

    The key is to have real income on a consistant level over the years and not rely on one launch or similar. the number 1 is the most dangerous number in business.
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  • Profile picture of the author littleacorns
    Fascinating to see how so many people ask themselves such poor questions.Warren and Brainsgonewild understand the reality,that in order to earn $1 million,you have to deliver an equal or greater value to the world.Now you can break it down into numbers,ie,sell 1000 units @ $1000 or 100,000 units @ $10,but this is premature and missing the point.You can't possibly do this until you know your market-inside out.Humans are notoriously poor at predicting how things will pan out.If you try to find a product or service based on your foaming at the mouth while getting "calculator rich",you're likely to land on your arse,because you're focused on the money,on the numbers.Shift that focus by asking " how can i deliver massive value to the most people in this market" and suddenly you get a an entirely different perspective,insight and hence different set of answers.My own experience shows that finding something you are fascinated/obsessed/passionate about,enough to carry you throught the inevitable challenges,is the best place to start.Every niche already has assets in place ready for you to leverage.Blogs,large list owners,sites with large volumes of regular,loyal readers and more importantly,relationships with key influencers just waiting for you to initiate.BUT,you have to create/provide a product or service of massive value in your market.I know this sounds too simple and that most people will go back to trying to find a more complicated,unworkable idea/system/tactic/piece of software.Stop the madness.
    Afterthought: how many of you really believe you need $1 million per year to attain your desired lifestyle?
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    • Profile picture of the author FirstSocialApps
      Originally Posted by littleacorns View Post

      Afterthought: how many of you really believe you need $1 million per year to attain your desired lifestyle?
      This is a FANTASTIC point. I started working when I was 16 years old (washing dishes after school), Im 34 years old now. I made an average of $40k per year in my 18 years working (less when I was younger, more now) ... so I have not made $1 million dollars in my entire life time yet and Im quite happy with how I live.
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      • Profile picture of the author Richard Mortimer
        Originally Posted by FirstSocialApps View Post

        This is a FANTASTIC point. I started working when I was 16 years old (washing dishes after school), Im 34 years old now. I made an average of $40k per year in my 18 years working (less when I was younger, more now) ... so I have not made $1 million dollars in my entire life time yet and Im quite happy with how I live.
        Yeah, that has to be right! What we are really talking about is financial freedom!

        For one person, that might be $1,000 per month (certainly my friends in Ukraine would think themselves rich with that - we do live like kings in the West)!

        For another, a million a year might not be enough. If you have 100 employees working for you in a struggling industry, you could have BIG worries at that level!

        But, the point of raising this question is to remind us all of the opportunity we have on the Internet. I totally agree with those who say we should focus on our clients, etc. But, some of us have a chance of making a million a year, whereas off-line we'd have no chance!

        Richard
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  • Profile picture of the author AverageGuy
    frankly, how many people on WF can make $1M per year?
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  • Profile picture of the author jbsmith
    Already have a good list, multiple online businesses, my own products to sell, etc...

    The big push this year for our business is going great guns around developing more content and more community...it's all about being involved with a wider group within our niches and produce more meaningful content that attracts, interests and benefits our community...this will feed our businesses and really elevate the marketing push for this year.

    Jeff
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  • Profile picture of the author littleacorns
    How many people on the Warrior Forum can make $1 miilion per year? Well,everyone CAN,but very few will.Why is that? Because most people dream and hope of making that level of income,but that's all it is,a faint hope,without resolve or conviction,because the sad truth is,if you look in the mirror and ask yourself honestly how important is making $1 million per year,you'll get an honest answer:not very.It's a well documented fact that beyond a certain level of financial comfort and security,your level of motivation to earn more money almost drops off a cliff.If you frame it this way it'll make sense:If you're earning $100k pa now,doing something you enjoy,that affords you time to spend with family and friends,leisure time etc,would you trade that in for $1 mil per annum,with no time for friends,family or leisure and more responsibility? If you said no,you know why you are where you are.This is why the truly successful individuals who earn 7 figures pa have done it through building something they love and in way that's ecological,ie,they still get to do funstuff with their friends and family.true wealth is a result of pursuing something worthwhile,that adds massive value to others AND massive value to YOU in ways other than just financial.You're a long time time dead,nobody gets out alive,so don't let the pursuit of money lead you to somewhere you'd really rather not be.Remember,money is NOT wealth.It's merely an aspect of it.And your wealth is a reflection of who YOU are.On a more practical note,most Warriors won't be able to make $1 million pa based on their current thinking and habits.Thats why mentoring and coaching is actually far cheaper and more effective than buying 937 ebooks...it's NOT the tactics/methods in the ebook that matter,it's what's between your ears.If you're making roughly the same money now,as were 947 ebook purchases ago,there's a clue for you...the methods taught are irrelevant if your thinking isn't aligned with your goals.In simple terms,if you found someone with a $5 million problem and you had/could find a $1 million solution,job done.This happens DAILY all around the world,and for amounts much much larger than this.Take a step back.The IM niche you inhabit is but a microcosm in the world around you.
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    • Profile picture of the author sal64
      Originally Posted by Ben Gordon View Post

      Considering traffic is so expensive nowadays, it would be REALLY hard to get one million people to buy a product that's worth only $2. I mean, if you're making an offline product and selling it in dollar stores or whatever (which won't get you one million sales either) then ok. But on the internet traffic costs a lot of money and is hard to obtain.

      It would be easier to sell a $1k program to 2000 people online considering the buyers really want the product.
      How dare you introduce things like metrics into this thread! Be banished you dream crusher...

      Originally Posted by littleacorns View Post

      How many people on the Warrior Forum can make $1 miilion per year? Well,everyone CAN,but very few will.Why is that? Because most people dream and hope of making that level of income,but that's all it is,a faint hope,without resolve or conviction,because the sad truth is,if you look in the mirror and ask yourself honestly how important is making $1 million per year,you'll get an honest answer:not very.It's a well documented fact that beyond a certain level of financial comfort and security,your level of motivation to earn more money almost drops off a cliff.If you frame it this way it'll make sense:If you're earning $100k pa now,doing something you enjoy,that affords you time to spend with family and friends,leisure time etc,would you trade that in for $1 mil per annum,with no time for friends,family or leisure and more responsibility? If you said no,you know why you are where you are.This is why the truly successful individuals who earn 7 figures pa have done it through building something they love and in way that's ecological,ie,they still get to do funstuff with their friends and family.true wealth is a result of pursuing something worthwhile,that adds massive value to others AND massive value to YOU in ways other than just financial.You're a long time time dead,nobody gets out alive,so don't let the pursuit of money lead you to somewhere you'd really rather not be.Remember,money is NOT wealth.It's merely an aspect of it.And your wealth is a reflection of who YOU are.On a more practical note,most Warriors won't be able to make $1 million pa based on their current thinking and habits.Thats why mentoring and coaching is actually far cheaper and more effective than buying 937 ebooks...it's NOT the tactics/methods in the ebook that matter,it's what's between your ears.If you're making roughly the same money now,as were 947 ebook purchases ago,there's a clue for you...the methods taught are irrelevant if your thinking isn't aligned with your goals.In simple terms,if you found someone with a $5 million problem and you had/could find a $1 million solution,job done.This happens DAILY all around the world,and for amounts much much larger than this.Take a step back.The IM niche you inhabit is but a microcosm in the world around you.
      Your insights are awesome, but please buy a keyboard with a return key and try paragraphs.

      Problem with this thread is that it's the wrong question... your income is dependant on the value you provide. So yes, if you want to make $1m then you probably have to provide at least $3m in value to allow for costs etc.

      That said, and talking from experience, focusing on the money is that wrong way to go about it.

      Focus on your WHY, How and go from there.

      Agree 1000% on whether you need $1m to sustain your lifestyle. What a joke.

      Using material objects is motivation is a short term motivator. without vision and purpose, you're as good as dead already.

      Been there, done, done that... and left feeling empty to be honest. Money does not change you, it just magnifies who you really are.

      Sal
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  • I'm not sure if I'll make a million $$ this year but this is certainly my life plan to complete before I retire
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  • Profile picture of the author jivens
    Banned
    Solid Product (s) Plus Big JV'S Make ALL The Difference!

    Most people get jv'ing wrong.
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  • Profile picture of the author higherluv
    I guess it depends on who you are. If you haven't started to eat the elephant, you need to do so... one bite at a time. If you are making $3000/month for example, a reasonable goal by the end of the year would be $10000-$20000/month. $1M is over $80k/month. That's too large for most in one year. Perhaps that could be a 5-year goal?
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  • Profile picture of the author tayuyaa
    Who said you can only sell 1 product to these 1000, 100 000, 1 000 000+... customers?

    What you all said is right :

    - If you sell a $2 product to 500 000 customer you'll make $1 000 000
    - A $2000 product to 500 customers you make $1 000 000 and so on...

    But what if you have several products, one or more at $10, one or more at $47, on or more at $347, on or more at $997 etc...

    That way you diversify your income, lower your risks, have more ways to increase the lifetime value of your customers because that what counts actually... The lifetime value of your customer!

    Anyway that's my plan
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    • Profile picture of the author MP80
      Hi Richard,

      As someone said earlier, here is not the place to lay it all out in detail, lol, but my plan to hit $1M this year involves crowdfunding.

      I think it takes the same effort (maybe even less) to make a million, than it does to make a few thousand, or hundreds in some cases. You just have to pick the right vehicle to get you there.

      Too many people seem to chase $$$ in areas that are unlikely to make that kind of money, even if they did make it to the top of their game. For instance, there are probably not a lot of people (anyone?) hitting that mark on fiverr, lol, or freelance/ghost writing, or even blogging.

      Instead, I would be looking at apps, or Kindle, or crowdfunding, etc which at least have the potential for a high return, in a relatively short period of time, and for the least amount of (once-off) effort. Then I would spend a few weeks/months, whatever was needed, putting together and implementing the marketing plan, while creating the 'product'.

      Anyway, that's my two cents. As you said, if you shoot for the stars, you might at least hit the moon!

      Food for thought:

      How to Create a Million-Dollar Business This Weekend (Examples: AppSumo, Mint, Chihuahuas)
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    • Profile picture of the author h4wts
      Originally Posted by tayuyaa View Post

      Who said you can only sell 1 product to these 1000, 100 000, 1 000 000+... customers?

      What you all said is right :

      - If you sell a $2 product to 500 000 customer you'll make $1 000 000
      - A $2000 product to 500 customers you make $1 000 000 and so on...

      But what if you have several products, one or more at $10, one or more at $47, on or more at $347, on or more at $997 etc...

      That way you diversify your income, lower your risks, have more ways to increase the lifetime value of your customers because that what counts actually... The lifetime value of your customer!

      Anyway that's my plan
      Lifetime value analysis (LTV) is a powerful thing. Do this and you can justify a higher spend on marketing as it's a longer term play. I.e. you're looking at ROI over 3-5 years, not just one.

      I get the feeling a lot of Warriors are looking for quick fixes though!

      $1m a year would require a diverse network of affiliate sites in my opinion. You'd be better off selling your own branded (adds value) product or service. Long term play though, brands are precious things, they take time to become established.
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  • Profile picture of the author ceenote100
    I plan to get shot 10 times. If I survive then I'll become a rapper. Easy million there.
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  • Profile picture of the author blackli0n
    Easy. Hang out with my VC/mentor and do whatever the hell he tells me to do.
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  • Profile picture of the author jgant
    I don't expect to hit $1 million this year. However, I do expect to increase revenue by 30% compared to last year, which would be great.

    I'm not into going for home runs. I'm taking the slow, but steady approach. I may never hit $1 million a year. But, if I can continue at my current standard of living doing what I'm doing, I'm more than content. In fact, I love doing what I'm doing and the fact I earn enough doing it is really fortunate.
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  • Profile picture of the author theory expert
    Banned
    If I mentioned my plan then that would breed more competition. Competition that I don't need to make it exponentially harder for me to succeed by newbs and pros alike,
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  • Profile picture of the author Heart Cardio
    I would love to be a millionare. But I have never thought that I could get there. I feel that if I make a small fortune that would be enough for me. Just enough to live how I want to live with simple pleasures in life would be good for me. I am happy with what I have now but do think that adding some more to my income would be good as well.
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  • Profile picture of the author artgirl
    "You Are What You Think!"

    I always...always plan high goals and therefore, I work extremely hard to reach them! Never think small...think LARGE!

    Everyone reading this can reach 1 Million and more! But you definitely have to put forth the effort!

    Let's say you are selling $20 products. You all have the knowledge, tools and skills to reach billions and billions of people online and offline ( don't forget offline marketing: newspaper advertising, post cards and direct mail).

    Shhhh...that is my secret tip to everyone!

    Again, lets say you are selling $20 products or your affiliate commission will be $20. You only need 138 people to purchase through your link per day.

    138 purchases per day x $20= $2,760. $2,760 x 30 days in a month = $82,800. $82,800 x 12 months in a year = $993,600

    And it all started from just one 20 dollar product!

    You can do it! I have faith in all of you! Just Do It!
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    • Profile picture of the author AJ Warrior
      Originally Posted by artgirl View Post

      "You Are What You Think!"

      I always...always plan high goals and therefore, I work extremely hard to reach them! Never think small...think LARGE!

      Everyone reading this can reach 1 Million and more! But you definitely have to put forth the effort!

      Let's say you are selling $20 products. You all have the knowledge, tools and skills to reach billions and billions of people online and offline ( don't forget offline marketing: newspaper advertising, post cards and direct mail).

      Shhhh...that is my secret tip to everyone!

      Again, lets say you are selling $20 products or your affiliate commission will be $20. You only need 138 people to purchase through your link per day.

      138 purchases per day x $20= $2,760. $2,760 x 30 days in a month = $82,800. $82,800 x 12 months in a year = $993,600

      And it all started from just one 20 dollar product!

      You can do it! I have faith in all of you! Just Do It!
      This is exactly what I was going to say lol its true it can be done but guess what very few ever follow through with this IM stuff anyway, just a hard truth in IM world.
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  • Profile picture of the author RedShifted
    I think its important to know some wealthy people before you go on making assumptions about what they did to get rich.

    Because there are about a thousand and 1 ways to get rich. It isn't just about math, nor is it even about providing value. Sometimes, just being an unethical, blood sucking leech will suffice. Like my oldest brother, who I don't talk to. He makes mid-high six figures a year, and the last thing I'd say is he's a math wiz or a man who provides value to the world. The true story is that he seems to lack a portion of his brain that controls empathy. And it makes him a great salesman/investor. The most ironic thing is, he has a very large network of friends who have immense respect and comradery for him. But noone in our family respects or likes him.

    Then I know another person who does well for himself. This guy is much closer to the 7 figure range. In this situation, value was probably the defining factor of his wealth. However, "value" is still the most relative/vague term in the dictionary. The only reason anyone would consider what he did "valuable", is because noone else thought of it. In reality, it was one of the stupidest ideas a person could think if. But.. it got him rich. It got him on the shelves of home depot. And I think part of the reason why people buy his product, is because it mystifies them like it mystifies me. Like "what the hell is this? do I need it? I'm not sure? but it looks cool? ARGGH I MUST BUY IT NAOW!"

    Then there are people who get rich by creating the perception of value. I think the pharmaceutical industry is a great example of this. If you want to release a new pill for post pardum depression, then spend a year exagerating the facts behind it. Publish it in so many different magazines and newspapers that new mothers get depressed just from reading about it so often. Then conviently release a "cure" for it. A cure that doesn't actually do anything. But since you have the money to make people believe whatever you want... it doesn't really matter if the pill works. It won't even matter if it makes new mothers more depressed, because you can just pay lawyers to spin the facts and make yourself richer. As long as it doesn't kill people the same day they take it, you're golden.

    The point is, people get rich for so many different reasons. And our idealistic little brains love to think that capitalism is a system based on morals, ethics and real tangible value, but thats not always the case. I'd go as far as saying that money controls many of our morals, ethics and values. Americans don't eat dogs and cats (most of them lol), so you get to see little donation cans for abused dogs and cats when you shop. But whens the last time you saw one for an abused cow? Or a pig?

    I'm not trying to paint this grim, ugly picture behind money and capitalism. I think capitalism is great. Because in a capitalistic world, like they say, anyone really can get rich. Stupid people, evil people... nice people. Anyone. And when you realize that its not just the "special people" getting rich, that you truely deserve it like anyone else, thats usually when the magic starts to happen. Its not something you think, its something you must come to believe with every ounce of your being.

    This probably sounds like it belongs in the motivational section. But seriously, if you stop putting money on a pedistal, and can convince yourself that you truely deserve it, money will come your way. I'm not "rich", but the more I grow old and become in sync with these concepts of reality, the more money I tend to make.

    -Red
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  • Profile picture of the author theory expert
    Banned
    If the right person, or, right amount of people buys what you selling you'll get rich. End of story.
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  • Profile picture of the author James Hessler
    Ah... I'm sure someone here has broken it down to how many clicks a day to reach that figure.. Or maybe not. Pour moi...I don't know about th$1M in a year, but my goal is to at least launch the web based TV show (magic). In a free membership site. Provide quality content with video and text. Stand out from the field in being (as Seth Godin would say.. ) remarkeable ( where people actually remark on it to their friends).

    That means going a route less travelled No banner ads, no fees, a monthly sponsor in time.

    Create that authority then be able to approach 'names', in my field to provide content for a separate low cost ( affiliate driven), membership site and market it to my members... Rinse and repeat.

    That's the plan anyway...

    JJ
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    • Profile picture of the author RogueOne
      I can't believe I read almost all the posts in this thread (if you're that bored go for a walk or something, Brent) and feel I gotta toss in my two pennies.

      My final step in my plan to make a million and beyond only requires one customer. Internet Marketing has been a means to an end for me. IM has been very good to me and has allowed me to create the infrastructure needed to take my empire to a whole other level.

      Money is simply a tool.

      A fool and his money are soon parted. A wise man puts his money to work.

      My plan (it's no secret) is harnessing and selling the wind.

      Did you know that power companies will buy electricity if you can produce it? Here in Minnesota the law requires that they pay peak prices as well. They will buy all you can produce and beg for more, there is never enough.

      Also in Minnesota there are huge incentives for private individuals in the form of rebates and tax breaks. On the purchase of wind turbines the state will kick in around 30%.

      It's a long term plan. It will be very lucrative to start but after about 8 years the equipment will be paid for and from there on it will be almost pure profit.

      From the wind.
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      • Profile picture of the author MP80
        Originally Posted by RogueOne View Post

        My plan (it's no secret) is harnessing and selling the wind.

        Did you know that power companies will buy electricity if you can produce it? Here in Minnesota the law requires that they pay peak prices as well. They will buy all you can produce and beg for more, there is never enough.

        Also in Minnesota there are huge incentives for private individuals in the form of rebates and tax breaks. On the purchase of wind turbines the state will kick in around 30%.

        It's a long term plan. It will be very lucrative to start but after about 8 years the equipment will be paid for and from there on it will be almost pure profit.

        From the wind.
        Great idea, Brent.. I'm doing something similar here in Australia, albeit on a smaller scale, and using solar.

        The electricity company pays me 52 cents per Kilowatt, and I 'buy' it back for around 23 cents. It's not going to make me a million alone, lol, but the equipment will have paid for itself within three years, and my electricity bill is nil.
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  • Profile picture of the author Will Edwards
    Some people will think I am completely nuts, but at the beginning of this year I did actually set myself a goal of reaching $1 million (within 1 year) and yes, seriously, I don't have a plan.

    The reason I set this huge goal for myself was to push my thinking where it would not otherwise go. I know that I need to find new ways of working and also find ways of leveraging what I already do if I am to even get close. But that is my intention i.e. to change my thinking.

    So, when I say that I don't have a plan, I mean I don't have a $1 million plan yet. I do have a plan, but my current plan will not deliver $1 million. If I continue to do what I have been doing, I know I will end up earning 5 figures, not 7. But I am optimistic enough to believe that multiplying my results by a factor of 100 is not out of the question for me.

    I know that I have begun thinking differently as a result. I value my time much more highly, for example. Already 2 months of the year have passed and it seems like a very large chunk of time to me.

    It's still early days, but I believe I have, at least, set a few of the laws of the universe in motion.

    Will
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  • Profile picture of the author Mr Bill
    [DELETED]
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  • Profile picture of the author Mr Bill
    ...and I plan to do it again in the next 3 years by following pretty much the same model. If it worked once, it's bound to work again - right? But this time I'll bank the cash (instead of spending it - what a year that was!) so I can live off the interest - that's the smart move.
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  • Profile picture of the author MktCoach
    The formula is really simple. But the devil is in the details.

    The formula:

    1) Find a HOT product which you can sell at a predictable rate in a HOT market. For example: for each X visits you get 1 sale.

    2) Ensure you have creatives and landing pages that do their job in converting your visitors to clients

    3) As long as the cost of generating the X visits is substantially lower than the profit per sale...

    4) ... scale up!

    So, if you invest, say, $500 and make 10 sales which result in $1000 turnover - reinvesting it should produce another doubling. And so on.

    Naturally, it doesn't always go quite as smoothly as that, but it is certainly possible to achieve this with a little time and experience.

    Most products/markets fizzle out at some point, so even a great run will not last forever. But then there are more products...
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  • Profile picture of the author Silentkiller1
    My plan is to complete my fantasy novel and promote it everywhere on the web till it becomes a huge hit or epic fail. But it is the only way I can think to make $1m this year.
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  • Profile picture of the author rapidcereb
    Its got to be a digital product that can be of use to all people, and fully relevant to this age. but this being said many do not like reading from digital devices. so the real question is, what is fully relevant to all people?
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  • Profile picture of the author jachu2
    A million dollars is a reachable goal in affiliate marketing. I am hoping to get close to this number very soon. We all have to start somewhere though, I began with PPC marketing on Bing Ads!
    For the big dollars, high ticket items are the way to go. If you can't do this, then network marketing may also be a good option. This involves alot of team work however!
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  • Profile picture of the author jayatana
    Personally Keep focusing on building list and product creations selling.
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  • Profile picture of the author thedanbrown
    My plan to make 1M this year is to help 1000 people to make $2000 per month in residual!

    "If you help enough people to get what they want YOU can have EVERYTHING!!!"

    -Zig Ziglar
    R.I.P.
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    • Profile picture of the author hockmasm
      First of all, everyone who is commenting on this thread or wants to make $1M needs to read this book: Think and Grow Rich by Napoleon Hill (yes this is an affiliate link but it only costs .99 to $4)

      This book transformed my life and how I think about everything. It was the most valuable $4 I have ever spent ever!

      Inside, you will discover how to achieve $1M. Seriously. It is possible for everyone. And the secret is going to blow you away! Even if you don't know how you are going to get there, this books teaches you what you need to do every day to figure it out. It's amazing. I put it to the test everyday since reading it and have increased my online income exponentially!

      Now that you've bought the book and read it, you then need to realize that you do not need to earn $1M to live a satisfied life. Yes, you may need $1M to sustain a company due to (Revenue - Operating costs) to achieve a profit. But to live a good life? No.

      I discovered this fact when I was researching how much I need to save to retire. Want to know what I learned?

      For my wife and I to live a happy life: travel, eat well, have a few hobbies, etc. we only need to earn $50,000 each year in retirement. Seriously. That's all!

      How come so little income needed? Because, if we paid off our house and had 0 credit card and car debt, you don't need that much money to live. The biggest expense for most people is a house payment. Pay that off and you got $1,000+ extra a month to blow!

      So, take this advice and use it to your advantage. I'm on my way to retiring now all because of reading that book.
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      • Profile picture of the author Will Edwards
        Originally Posted by hockmasm View Post

        First of all, everyone who is commenting on this thread or wants to make $1M needs to read this book: Think and Grow Rich by Napoleon Hill (yes this is an affiliate link but it only costs .99 to $4)

        This book transformed my life and how I think about everything. It was the most valuable $4 I have ever spent ever!
        There are many places you can get it free online.

        Will
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  • Profile picture of the author johnben1444
    I have secretly aspire to be a millionaire but the truth is, with IM it's a tall goal. Along the line, I went for talent hunt and discovered one hidden treasure in me, singing. These thought came to me in the early 2011.

    Today I have my debut released (RnB) two weeks ago and been played across a few radio stations now in my country. Preparing for the video and more songs, the encouragement and positive feedback and love for my song titled "holiday" is enough fulfillment.

    Thats what I can being a millionaire not really in cash but the love for what you are doing, the love for your first work from hundreds of people and knowing that I can get there.

    Looking for ways to promote international.
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  • Profile picture of the author BudaBrit
    I made more than a million last year. A lot more.

    Shame it was in Forints and not dollars, though
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  • Profile picture of the author AndrewCavanagh
    Originally Posted by RevRPM View Post

    So, what you need is a high ticket product (that delivers) and to get a good number of people to buy (using affiliates perhaps)! $1,000 product sold 2000 times with a 50/50 split, would give you and your affiliates $1M.
    And you'd have one of the biggest internet marketing product
    launches in history.

    Also it wouldn't actually give you $1M.

    If you talk to some of the people who've done those massive launches there
    are other substantial costs including the paypal and credit card fees and in
    particular support for your product...then there are refunds.

    If you launch a product and sell $1 million worth paying 50% in affiliate fees
    then you'd probably be happy to keep 30% at the end of the day.

    So it's more like 3,200 sales or a $3.2million dollar product launch.


    The guys who've pulled off the $1m dollar plus launches have often spent
    years building the kinds of relationships with affiliates so they can make those
    kinds of sales.

    In many cases they built relationships with other peers who had smaller sized
    businesses and as they grew together their partner power to each other grew
    too.

    Having said that if you were serious I'm betting you could build those
    relationships within a year with a pile of key affiliates but you'd probably
    need to use direct mail and go to quite a lot of internet marketing seminars
    so that might set you back another $100,000 (add another $350,000 to your
    $3.2million dollar launch bringing it to $3.5million).

    And of course you'd have to find a way to survive, pay the bills and pay the
    expenses while you were building those relationships for a year.



    Of course the above model assumes you're only going to sell one product.

    If you're smart you also have a backend and you might even have downsell
    (sell a $100 product to people who don't buy the $1,000 product).

    A backend might be $500 or $1,000 a month group consulting with you.

    Convert 5% of your buyers to that and you suddenly have a serious income...
    100 people at $500 to $1,000 a month = $50,000 to $100,000 a month
    income and most is yours to keep (the support and logistics of dealing
    with 100 people paying you that much might not be easy to handle
    though).



    Of course if you really want to make some serious money sometimes
    you need to expand your thinking.

    If you were selling a service to businesses (internet marketers are
    business people too remember) then you might only need 10 people
    who pay you $100,000.

    Or 10 people who pay you $8,500 a month for a year.

    The real question is not so much how much you can charge but how
    much value can you deliver.

    And what do you believe you can charge (I cover that in this free
    report Breaking The Belief Barrier FREE Report ).



    Or 4 clients at $250,000 a year.

    Sounds crazy until you've met people who do these kinds of figures
    year in and year out.

    It is possible and it does come down to the kind of clients you deal
    with (in other words they need to be able to pay that much) and
    the kind of value you can deliver them (you need to deliver real
    value.

    Logistically if you're a small operation your chances of making a million
    dollars a year are much higher selling your services to 4 clients at
    $250,000 than trying to sell 3,500 copies of a $1,000 product.

    Kindest regards,
    Andrew Cavanagh
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  • Profile picture of the author Nail Yener
    My plan for this year is not to make $1M (which is not impossible but very unlikely for me) but to increase the quantity and quality of my passive income streams. More money will not make you happier, it is what you need to do to earn it that matters.
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  • Profile picture of the author lucidbs
    local biz consultation, develop my own product and invest the money for bigger traffic media buy and repeat.
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  • Obviously, I arrange lottery syndicate and together we buy thousands of tickets a month. If it does not work, my other business is fairly making me £60k so it will take a while before I get into millions.

    Either way, life is very good.
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  • Profile picture of the author Richard Mortimer
    Originally Posted by alphavn View Post

    It's overwhelmed to me now, I just set $3,000/ month and then 10k/mo. But I still keep my dream of becoming millionaire online marketer
    The secret (in Internet Marketing) is to become a coach. Actually, a coach in any niche. Coaching demands high prices, obviously. But, with a coaching program your core program can be almost any kind of product (most likely digital). The value is in having access to a real, live person....

    Richard
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  • Profile picture of the author China Newz
    Originally Posted by RevRPM View Post

    Yeah, I know, most people are happy with $100 a day ($36,000).
    However, if you shoot for the stars, you might hit the moon!

    Perhaps many think "impossible!" But, is it?
    You know the story of the little boy who was offered a dollar a day for every day in one month that he kept his room tidy, by his Dad?
    The boy said, "No Dad, give me a cent the first day and double it every day!"
    Know how much he ended up with? It was millions (except his Dad couldn't pay)!

    That is the power of multiplication!

    So, what you need is a high ticket product (that delivers) and to get a good number of people to buy (using affiliates perhaps)! $1,000 product sold 2000 times with a 50/50 split, would give you and your affiliates $1M.

    Any ideas?

    Richard
    Look for trends in your niche. What will be the thing that catapults your business ahead of others. Mobile content seems to be the way of the future. So look to sell that high ticket product via your mobile device. Be prepared to work hard, take some chances and take some knocks.
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  • Profile picture of the author cheddarben
    In 1999, I volunteered to go overseas with the military because I was flat broke. I was in debt up to what seemed to be my eyeballs with no completed education and living on a part time line cook's wage from my local watering establishment. Unfortunately for me... I was also into my bar for a few grand as well.

    When I was overseas, I realized one night while I was outside in the freezing cold in my flip flops waiting just to use the bathroom - never effing again. I would never let myself get to this place again where I was FORCED to dig my way out like I did that time.

    Well, I had a craphole basement apartment with a roomie when I was overseas and we got flooded. When I came home, I literally had nothing except 2 seabags, a loan my local credit union gave me and a few shiny pins to put on my uniform.

    The plan went into action and I never looked back. I have not made my first million yet, but every year it seems that much more doable. My baby steps of getting back to school... getting a better job... getting out of debt... investing... trying new things has and it just gets a little bit better year after year.

    I am not a rich man, but things are looking better all the time and I know that it could be taken away for any number of reasons, but I will be here plugging away. Trying things. Doing cool and fun stuff on a slow and steady rise. Buying properties, writing books and content, working on my applications.

    This year I might not make reach a million, or even close, but things have sure gotten a little easier and my choices have opened up. I will get there.

    I WILL get there.
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  • Profile picture of the author Richard Mortimer
    Here's a step-by-step plan (I am not saying these are easy, but 'doable' for most people:

    1. Create a high value, high credibility free offer (3 hours of audio would be plenty with no fluff)!

    2. Drive traffic to the free offer.

    3. Write an email campaign that builds more credibility.

    4. Interact with your subscribers and find out what they want and need (those 2 things are not necessarily the same thing).

    5. Create products to fulfil those needs.

    6. Add all your products to an affiliate platform.

    7. Recruit affiliates.

    8. Create a (at least one) coaching program.

    Do all that well and correctly, $1M should be quite easy....

    Richard
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    • Profile picture of the author Friedmett
      What is my plan?

      I got 2 options at the moment to take to the 1 millon mark pr. year

      Number 2 is non internet and is not going to be talked about online. Besides it is way more than 1 million and crazy for 99% of people.

      Number 1 however is based on my online business model which I have done quite a few years research on and it is not based in the IM as much.

      It is more in coaching and giving value to products that matters to people who wants to be financially free if they want to. Most IM products are in my mind a waste of time and money.

      I came to realize that all you need is a website and traffic. Traffic is the same work! Why market a weak product for small commisions?

      I think big and that everything is possible. The last time I said you can't win! I won top prize and I still got that prize to remind me. Anything I ever wanted in life shows up or the idea's which leads to thoughts and action.

      Study Bob Proctor

      https://www.youtube.com/watch?v=OnAhncjp5JU

      Study Think and grow rich
      Study Science of getting rich

      You don't have any idea how to make a million in IM as you have never thought or believe that you can do it. It is that simple.
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  • Profile picture of the author KingTIP
    My plan is to come up with something innovative that a good amount of people would be interested in, charge them for it, and see the milli at the end. It's a tad foolishness but it all depends on how hard you work to get where you need to be. If it fails, I got other ways to get my green.
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  • Profile picture of the author Chenhang
    sell on amazon
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  • Profile picture of the author TryBPO
    We're not on track to do $1M in 2013, but we are hoping we'll have a fair shot at it in 2014.

    We're doing quite a bit of back-end adjustments and putting infrastructure in place through the end of 2013 that (we hope) will allow us to double our business next year.
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  • Profile picture of the author arojilla
    Like I would tell you!
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    [...]

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  • Profile picture of the author Craig Allen
    I would say - build a mobile application and make distributors interested in it's concept. You'll start earning not bad money and with a little bit of luck, a bigger player will hit you up with a buying proposal.

    Other than that I am a fan of 'getting rich slowly'. Methodically and systematically building, expanding and creating relationships. The rest comes along with it.
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  • Profile picture of the author allegandro
    I could sell me website, but cashing now $1.000.000 means loosing the chance to cash +$10.000.000 in 2 or 3 years. But sometimes it is also nice to know what you can have now, because now is real, in 2 years all can be changed.
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  • Profile picture of the author tjaysen70
    yeah that's what's cool about the IM space, is that demand is always there and you can make a lot of money w/re-curring billing, etc. However, your product that is priced at $1k better be good and get results for those who buy it, or you're gonna get a lot of refund requests.

    But getting that $1M plan starts with the mindset and compounding numbers to reach that goal. So $83K/mo, selling $1k product, is 83 sales a month. So little more than 2.5 sales a day.
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  • Profile picture of the author sree94
    Find a product that has a lot of traffic but very little competition and get 3 cent clicks on Adwords and PPV
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  • Profile picture of the author Richard Mortimer
    OK, here's a step-by-step plan:

    1. Create a high value (at least $97) front-end offer for free.

    2. Drive traffic to that free offer. Massive traffic.

    3. Load up a whole series of emails in your autoresponder (at least 30 days).
    Build credibility, relationships and give good content.

    4. Also, add articles (you can legally take articles from eZine Articles if you
    keep the author's bio intact). Also, add relevant affiliate offers.

    STOP PRESS: Anything hard, so far?

    5. Create 4 x $1,000 products according to the feedback you get, and what
    your subscribers want and need.
    Here's how to do it:- create a template for each product of around 10 headings
    with 10 sub-headings under each. Make sense? 10 x 10 = 100 sub-topics.
    (It does not have to be 10 x 10, but you want around 100).
    Now - teach an average of 12 minutes on each sub-topic = 2 hours on each topic.
    Just record these so it does not take too much time.

    6. Hold a teleseminar for each product launch and teach the complete strategy
    for an hour, then pitch your product for 30 minutes at a discount. Make the
    discount limited (by number and/or time). (You can use MAO Flynn's OTO script).

    7. When you've got some idea of numbers, add an affiliate program to each product.
    (PM Steve Yakim and ask him about his affiliate software for all your products).

    8. Sell 1,000 copies of each. That's $4M. Less 75% to affiliates = $1M.

    How's that?

    Hard work? Yes. But, what better way to reach that goal, and help a huge
    number of people.

    You help all your subscribers = ????
    You help affiliates.
    You help 4,000 people get really good results.

    Sounds good to me...

    Richard
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  • Profile picture of the author trader909
    Banned
    Rule 1on't tell anyone on this forum!
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  • Profile picture of the author trader909
    Banned
    So you don't have to have experience in any of those niches? Just create and sell to some sucker?
    5. Create 4 x $1,000 products according to the feedback you get, and what
    your subscribers want and need.
    Here's how to do it:- create a template for each product of around 10 headings
    with 10 sub-headings under each. Make sense? 10 x 10 = 100 sub-topics.
    (It does not have to be 10 x 10, but you want around 100).
    Now - teach an average of 12 minutes on each sub-topic = 2 hours on each topic.
    Just record these so it does not take too much time.
    How's that?
    shite!

    Bernie Manderhoff is proud of your little scam.

    yeah that's what's cool about the IM space, is that demand is always there and you can make a lot of money w/re-curring billing, etc. However, your product that is priced at $1k better be good and get results for those who buy it, or you're gonna get a lot of refund requests.
    he completely by-passes the part about support and results. Typical I.M. scumbag
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