The intelligent person's 7 figure sales plan

Very well put Claude. Thoughtful and sensible. There are different strokes for different folks, and everyone has their own way to make a buck.

I never understood why anyone would bash someone because they weren't doing what the poster is doing. And to belittle them and insult them is just so unprofessional. There's many ways to skin a cat, and we all choose the path that works for us.

I always appreciate your views and insight Claude. Always very helpful.

Actually, I'm still embarrassed by what I posted a couple of days ago on this thread.

http://www.warriorforum.com/offline-...0-dollars.html

I made the incredibly stupid mistake of commenting before I had all the facts. I'm just thankful the OP has thick skin, and others gave more information.

I left my post there, as a visual reminder to myself, to comment on what I know...not on what I think I know.


You were talking about other ways to make a buck. I had an acquaintance that drove a huge truck around the country, buying and selling used vacuum cleaners. He had a route, and I was on that route.

His trailer was filthy. He traveled six months a year.

One day he showed me a photo of his home in North Carolina. It was a mansion. He had a beautiful home on a magnificent farm. I asked how he could afford all of that. He told me that he averaged $200,000 a year, hauling vacuum cleaners, working half a year.

In a moment of candor, he said, "You want to know how I make money? Those six vacuums you just gave me $300 each for? I paid $30 each. And you are one of eight stops I make today."

His secret is; he knew where to buy, and he knew where to sell. Not the business for me, but there are so many ways to make a buck. And there is no best business.

The plan is theoretical based on my experience and intended to offset what I see as a cold calling bias in this forum (and I'll answer Claude's post #2 separately later). The plan's flawed, in that if I did it as a JV, I'd only get 20% of the £50 profit, so the list needs to be 10x bigger, or more profit, or 10 lists of 200,000... :-) What's important is to demonstrate how making a million isn't really that difficult.

Anyone who sells anything has a list of buyers. Some work the list, some don't. Both are opportunities.
Check out the websites of any advertising you receive and sign up for any newsletters. You'll quickly see if those people are working their list well or not.
Groupon might also be a good source (I've not tried this). You can do a better deal for people on Groupon and still make loadsa cash.
Search on Google for a product and look to those that are well down the listings. Chances are they're good products, poorly marketed. Plenty of opportunity there...
Otherwise it's really a matter of getting out there and talking. As part of an initial consultation or even when networking, you simply ask questions:
"Do you maintain a list of customers".
"Do you communicate with your existing customers?"
"How many customers do you have on your list?"
"What's their average spend?"
"What are you doing to encourage your past customers back to buy more?"

I'd start with customer reactivations. Do this well and you build trust, then you can find partners to offer complimentary products to the same list... Each time you find a new product, you have the opportunity to promote previous products to a new list. I posted a Jay Abraham video a while back that explains how one of his students did this and made $1.2 Million in six months from scratch.

We only deal with physical products, and occasionally seminars/workshops, though we have sometimes offered a digital bonus. It would still work with digital products.

I would mostly JV (Joint Venture) with a product owner and sometimes I might license a product. Making a physical product requires large investment and consequent risk - best avoided.

You only work with people of integrity :-) Most people are honest and in my experience they won't cheat you. Especially if there's always a promise of more to come. I always include audit rights in our agreement. And we always run a small test first, so when we roll out a campaign, we'd have a good idea of the expected response.

Some alternatives:
You can control the website where people buy, separated from the client site.
You can offer a bonus which people have to obtain from someone else (and compare numbers).
You could set up some affiliate software.
Many ways you can verify, however, the best way is to simply deal with honest people. I've never been ripped off, or at least I haven't discovered if I have been! :-)