Just wanted to share my success story over the past few months in the hope it might motivate a few people here and show how if you stick to something you can grow an online business reasonably quickly.
What I'm going to describe is effectively free money - and actually helps to sell more of my products!
Ok... here we go!
6 months ago I started selling a $4.95/month newsletter.
Here are the stats:
A few points:
1.The newsletter is offered as a backend upsell with a free 14 day trial ('hits' reflect people hitting the thank-you pages of the ebook)
2.Each newsletter is 20 pages long:
a. 2 pages make up the cover/contents pages
b. 2 inner pages have ads/reviews of my other products (Upsell Opportunity!)
c. 2 pages have subscriber generated content/competitions
d. 2 pages are reviews for various affiliate products
e. 12 pages are content with pictures (probably 6-8 pages of written content)
f. 80% of the content is available freely available online (If you know where to look!)
Why $4.95? How much content do you have to deliver to get value for money? I believe I give my subscribers AT LEAST 10X-20X the value they expect – the stats above show that I’ve got the formula pretty spot on!
Also - most people won't bat an eyelid for $4.95/month - so cancellations are SUPER low - you effectively have a person paying you $4.95/mo forever!
1.Sell your own products/services (This doesn’t mean you have to personally create them! Outsource, partner with someone, buy an existing product….)
Personally I believe affiliate marketing is great as a SUPPLEMENT to your own products. Just look at all the “Guru’s” – even if they are making a killing online selling affiliate stuff – You know about them because they are trying to sell you THEIR OWN PRODUCT/SERVICE!
2.Don’t expect to get rich online quick! If you are serious and depending on your goals, you CAN make a full time income within 12 months (if you do it sooner great!)
I hope someone finds this useful - you have 100% permission to rip off the idea and implement it RIGHT NOW!!!! Good-luck!
Feel free to ask me any questions - I'll do my best to help you out!