CALLING ALL $50,000+/YR IM'ERS

It'd be funny to ask how many have earned $2000 in two consecutive weeks then Dragoned a slapbook "product" together that boasts that their method earned them $50,000/year.

Truth be told, even if they say they were north of $50K, remember who you're asking. Juss sayin'.

So the best thing to do is filter everything with what you know to be true.

It doesn't matter how much you want to make - $5, $500 or $500,000 in what time frame. Take that amount and work it backwards. You'll even be able to see right through a LOT of IMer's comedy.

We Know
You really only have 2 options that have 2 options - product or service. Then your own products or services and/or somebody else's products or services.

We Know
Whether Adsense, Affiliate, Retail, Service, Blogging, Membership etc. etc. - no matter what method you look at they all fall within those same 2 options that have those 2 options.

We Know
$50K/year is $137/day.

We Know
A new venture will be starting with mostly 1st time visitors

We Know
Most sites' 1st time visitor conversion rates will be around 2-4% <-- you can massage those higher over time.

We Know
You have to have a sweet spot in pricing that will convert on first try. Do you have enough credibility to get $1000/conversion? Probably not. $500? nah $100? hmmm
Maybe $47...<--- Ever seen that price before?

So in order to get $137/day you'll need to sell at least 3 of your $47 thing. Count on 4 though for some serial refunder insurance.

So We Know
4 sales per day is what we need. With a 2-4% conversion rate we should try to get at least 200 visitors/day or 6000 intentionally targeted visitors/month.

We Know
The number 1 spot in Google for a properly optimized title and meta-desc yields about 30-35% of the clicks on a SERP. So to get to 6000 visitors you'll need content that targets keywords that in total have a search volume of about 20,000 searches/month. <--then repeat month after month.

But...and this is a BIG butt, Not everything you write is going to rank #1. So you'll be depending on a LOT of content in order to get some not ranking insurance.

You'll want to consider paid traffic as your normal case scenario which gives you more control. So that will come out of your sale price.

Free traffic in a real business is a bonus and depending on it will ultimately lead you to banging your head on your desk pleading with the goog gods "why?! why?! why!?"

Some Variables
Here are some things that matter.

A) I hate saying "are you in a niche that"...but in the process of researching supply and demand, which is number 1 on the list, does your product or service fill a demand?

Notice I didn't say need. A need is not a demand. And if you are asking about 50K, I know you don't have branding bucks or time to work a need into a demand.

So does your target audience believe that your product or service fills their existing demand? That is a must to find out. Asking yourself, family or friends = not valid data.

B) Your ratios in Price, Conversion Rates and Traffic will vary a LOT. You need to build in insurance to cover you.

C) Recurring money is really good money.

D) Recurring passive money is VERY really good money.

E) Time for dollars is not as scalable as you think. Think 10 times before selling your elbow time and calling it a business ... it could be the worst job from hell you'll ever have.

F) Don't expect outsourcing to save you from a service business model from hell. It could be the worst employer/employee relationship from hell you'll ever have. Outsourcing is not something you can master from a $297 PDF.

Some Ideas:

Membership Sites: Real ones that build community. Sailboating, Remote Control Robots, Drawing, Acting etc. Monetize with Ads, Products or use it on the edges of your ecommerce site...which leads to

Ecommerce Physical: Thrifting/Garage sales/Onsie Twosie is a sucky way to generate business income. It's just a real dirty job. You're after genuine repeatable products that you can source with real margins...not some bogus "dropshipper".

Ecommerce Digital: Unlimited supply, you can sell them on eBay if they're on a CD...but that's basically unlimited supply and can be fulfilled through some place like Kunaki.

Blogging/Niche Sites: Ad income whether Adsense or not takes a LOT of traffic and time to build and ripen into a business income. But building a list with a free download that has affiliate offers in it, or behind it is a valid method. Demonstrating/Unboxing videos also work for some types of affiliate products. Heck even your own if you choose physical ecommerce.

Software/Outsourced Software: End User Pebkac Tech Support. <-- google it and run from it like a herd of rabid squirrels.

Service: Fiverr, Freelance etc. Arghghg. Why pain yourself with both the agony of business ownership AND a job? Just get a job and "outsource" the pita to some crazy business owner.

Another point: Never EVER tie your business or revenue streams to another company. Don't depend on Adsense or free search engine traffic or auction sites or Affiliate programs. EVER

Always work every business into some sort of self reliance, meaning...gather leads (list building), steer Auction sales to your ecommerce site and keep them as your own forever.

Lists and Retained Customers are a long term asset that nobody can take away.

So take your income requirements and a method that is ideal for you. Lock it in. Become a sponge and learn everything you can about that method. Then set a big long term vision with small milestone chunks/tasks to get there.

Once you're on your way, lock it in and put blinders on - don't get distracted. Trust your decision.

Hope that at least gets ya some stuff to think about while researching.

Good Luck!

well first of all understand there is no click button formula , you will have to work your ass off nothing is easy , I personally drive paid traffic to affiliate offers and also do list building and lead generation .. right now i am working to buy some offline businesses in Dubai however all i`d say is that its more about taking risks and being consistent. One thing i`d advise you is to choose one business model and work on it till you succeed and also dont look at others ,yes to sell a product i could post pictures about my "Baller" Lifestyle but believe me there are good and bad days both just take it like a real business and also dont look at others , what they do what they make etc etc choose your own path dont follow some one just because you have seen him making money and you know about his baller lifestyle but do what you know and do what you can do best here is something i want to share with you



Best of luck !!

Here's me thinking it was going to be a walk in the park

Not sure how much I agree with that. IM done right is EASY work, isn't that the whole point? The problem is that if you are going to coach someone then it is only worth it if they succeed, and most people don't succeed. A good coach can give you all the tools and all the methods but like in any business, sport or other area of life there is no substitute for pure talent. You get it or you don't.

A successful IMer has plenty of time, but why not spend that time on the boat or with family? Prove to me that you are going to earn and in turn earn me money for referring you to the great offers and traffic sources, or prove to me that my 5% referral rate is going to turn into long term passive income for me and I'll make time.

wow thats awesome man, congrats! You know, Im good at collecting leads too but I get at most like 8 bucks per lead, what niche are you in? care to share the program that pays £30-£35 per lead?

Thanks!

You will if you use Yahoo Answers... Or you could put up a Facebook Fan Page about a trending topic, link it to a Twitter account etc. and get an audience 20 or 30 thousand strong to market to in a week, all by working maybe ten minutes a day.