Hello folks! To keep myself on track, I ask myself this question from time-to-time:
If I needed to make $500 online this week, what would I do?
Do you have a guaranteed, "go-to" business model that consistently makes you large amounts of money online on a consistent basis?
I have a business model that works like gangbusters, and I'll share it with you below.
I believe we all need to have a step-by-step online business strategy -- a series of "A, B, C," stepping stones that, once accomplished, will earn us a significant amount of money online.
My "A, B, C" business model is very simple, and probably one you've already heard of before. If you want to make a lot of money online very quickly, just do the following:
1. Pick a desperate niche.
I love using Amazon.com for niche research! Find their magazine section, and look through all the different magazines. If there's enough interest in a topic to support a magazine, you can bet there's money in it. Another good source of niche-research is to browse through the "for dummies" books ("Fitness for dummies," "ASVAB test prep for dummies," "Dating for dummies" …). Or, to play it safe, pick from the "big four:"
NEVER EVER settle for a general niche!! Instead, find a USP (Unique Selling Position) within the niche you are targeting. Here are a few examples:
Instead of "learn to run faster," give yourself the USP:
"How to shave 5 seconds from your 100-yard dash."
Instead of "learn to jump higher," give yourself the USP:
"Slam-dunk in 30 days."
I recently saw a fantastic example of a great USP while shopping for new shoes. Like most shoe stores, this store sold inserts to place inside your shoes for comfort and additional padding.
However, I also saw some other inserts placed nearby, "Doctor-approved flat-foot inserts," and "Inserts for high-arches," etc. These sold for around $15!
By giving themselves a unique selling position, these inserts were selling for three times the price!
Consider this carefully. Properly accomplished niche-research is paramount to online success. Make sure you do it correctly, or you may be setting yourself up for failure before you even start.
3. Create a Website and Build a List
To leave as little money on the table as possible, I am of the strong opinion that you need two things: a good website, and a large list. A website is your place to: 1. Post your content. 2. Foster your reading base. 3.(Very important) Begin building your subscriber list.
4. Begin affiliate marketing.
Find good products (they've got to be good, don't sell snake-oil!), and market them to your website visitors and your subscriber list. I'm in the fitness/weight loss niche, and have been able to find some awesome products to market on clickbank, and Amazon. Make sure they are good, then recommend one new product per week.
5. Create a membership site.
I've become a strong believe in the value of creating membership sites. They aren't nearly as much work to create as they seem, and it's pretty much the most auto-pilot type of "passive income" that exists.
6. Consider your exit strategy.
This is something that most people don't consider. After your website is created and has been working long enough to gather some data, examine your results and consider your long-term plans. Ask yourself questions:
- Is your niche website as profitable as you wanted it to be?
- Is your website making a ton of money and worth growing into something larger?
- If your website is making a lot of money, are the following options worth considering?
- App development
- Additional product creation
- Additional branding
- An E-Commerce addition
- etc. etc
- Is this niche website something you'd like to sell on flipper for $2000 - $3000 to allow you to move on to another niche website?
There are lots of ways to make money online, but this has been working very well for me, so that's what I'm going to keep on doing. Like I said at the beginning of this e-mail, we all need to have a step-by-step online business strategy -- a series of "A, B, C," stepping stones that, we can COUNT ON earning us a significant amount of money online.
I recently purchased a product on the WarriorForum that got me really excited -- It's a business model similar to what I spoke of above, but it works incredibly fast. And, the videos included several case studies where he was making over $300 in one day.
It's a similar business model to one I've heard of, but he applies his own unique twist to it that I'm going to try this week. It's cheaper than a burrito, and well worth the watch.
If you are looking for a new A, B, C internet business model, this is a great one to start with: