I have been reading a lot about theses offline hybrid business models.... Very interested and Im going to do it for sure. I'm just trying to figure out the best way to go about it as there is certainly different "models" to follow. I got started on this stuff a few days ago with Johns thread "NEWBIES READ THIS!!! How Y-O-U Can Make 50k From Nothing With ZERO HTML Knowledge"
I then read his book... "THE BOWER FORMULA".
I'm trying to find the happy median here... First I was thinking of selling a 300 dollar website and full package with a 25 dollar monthly rebill. But from what I read on the form... I may be able to do ok selling a 300 dollar website locally but over the phone, it would take 500 - 700 calls to pull 1 300 dollar sale over the phone, probably alot more calls then that even. So if thats true then maybe 5-10 sales a month would be possible, then it would take a long time for the residuals to add up. If I am only adding 5 - 10 customers a month at 25 dollars a month residual then the residual income is not growing fast and not much dollar wise to write home about! The residual aspect of this whole things is my #1 FOCUS, I have some income so I dont need to make 1k by friday type of a thing. I want to build the rebill incoem mainly, and I would like to do that as fast as possible... But on the other hand it would be nice to have SOME upfront income. No matter what I want to have the residual factor involved in the business model that I end up going with.
The residuals is what im focusing on... So,
I am wondering now if the model where I get people a "free" website and have them pay $25 a month for hosting, support and maintenance blah blah blah and if they want there own domain its 20 bucks, and other up sales... and made be able to get 1 a day with 100 or 200 calls? working 20 days a month, 1 a day would be 500 a month residual. So after 6 months I would be looking at 3000 RESIDUAL for years to come??? The question marks are manly for the "years to come" part. But that looks pretty good figuring that I MAY be able to add dozens of customers a month with this model. And add telemarketers potentially. I am not afraid of the phone as well I should say... I have cold called hundreds of people in the very near past trying to sell them mlm stuff! And that's A LOT harder then this. I think atleast as long as this bower method is not burn down and still has legs.
Is there a business model that gets a higher rate of success per few hundred calls ( I know that is largely determined by the caller but I know that you guys know what im asking here ) then the "300 dollar" up front idea but is not completely free for them to get started like the BOWER METHOD is? Maybe 50 bucks upfront or something and they actually get a domain or something? (Im thinking that if they actually have there own domain then maybe they would rebill longer? Or if they don't get the domain then is there a larger chance that at some point in the future they are going to be buying a 200 dollar website from YOU? What would be the "script" or angle for closing these deals where there is SOME type of upfront price? I just read Johns ebook you see.... The BOWER formula. So I can see that there is a whole angle and system around the "free to get started" angle. But what about when there is a small up front fee?
Do a live transfer to a closer?... Is that the key to one of these methods?
I'm really not wanting to re invent the wheel. I have some money right now so I dont have to worry about making 1k by Friday or the world ends kind of a deal. Even though if I had 1k a month in income while this grows then I would be VERY happy. I may be able to accomplish that, I would only need 2 customers a day my first month and that would be 1k a month in income with the bower method. Or maybe, split my efforts a bit and try to do the BOWER method, and local business at 300 bucks for a website or something like that?
I cant help but wonder if the BOWER method is "burnt out" or if the large majority of business owners are sick of getting these offers. I just wonder HOW THE bower method has changed/ evolved since that little ebook was written. ( i dont know when it was written)
I can not thank you guys enough for the help and support that is offered here... Thank You Thank You Thank You!
O ya, I have been fully planning on using homestead.com like John recommended in is warriorforum post. But today I found this list... Website builder reviews on WebsiteToolTester.com - updated regularly As you can see homestead is not on the top of the list... But it DOES offer UNLIMITED websites, and after a year at 10 - 20 a month, thats alot of websites and a great price and probably does not matter at all for the BOWER method... If people want to upgrade to a real, full website, then the quality could go way up by giving them a websites built by one of these more modern providers?????
You guys are awesome! Thanks!!!!!