The Basics Of My Main Money Making System

This may not be as sexy as the newest WSO of the moment or as exciting as the latest, unheard of fast money machines, but it works for me and I'm giving you the exact steps that make me a very nice income for free. Take my advice if you want, or chase the latest shiny object if that's what you prefer. Either way, I wish you good luck.

Here it is, folks! My main money making model that builds leverage and establishes your business as an authority in your chosen niche. 

 1. Pick broad niche (market may be a better term) that you have some interest in & make sure you can do a lot of back-end promotions. A good market will already have good info products being published or a lot of decent priced physical products.

2. Set up short, brandable domain. Forget about keyword research for now, you want your site to grow bigger than a rankable keyword allows, and branding is where the big money is at.

3. Do your research (forums and niche blogs) and create a very short report on a specialized sub topic of your niche that gives potential customers and subscribers exactly what they want to know. Insert links and "ads" for your site within the report. Set the price cheap.

4. Build a buyers lists by contacting other list owners in your niche to keep 75% to 100% of the profits as long as customers are sent to your email list sign up page or find some other way to put your short report (and therefore sign up page) where the traffic in your niche is (purchase ezine ads, forum participation, building relationships with prominent niche blog owners, etc).

5. Create a great site - preferably a community - on that brandable domain you purchased. Collect sign ups for your list here too. As for the site platform I prefer a combination of a forum and a blog that acts also as a article site with guest posters. Either spend money outsourcing or use your list (offer them really good prizes for best article of the week or whatever) to help build your content so your site can become established quickly. You can also use other people's resources (giveaway and sweepstakes lists, for instance) to get people to help you fill up your site in whatever way you want them to. As long as something they would really like is possibly in it for them (remember that only the winner/winners get your prize) they can come up with some stuff that will be really interesting to your niche.

6. Create more short reports based on what your audience is saying they want to know & sell it to your list and community at a discount. Use the same marketing method you used for your first report to find even more new subscribers, which will soon be community members.

7. Expand on those products (using the money from the discount offer made to your list to outsource, if you want), split test, and then set up an affiliate program. I prefer Clickbank because quality affiliates will start testing your offer as soon as it hits the marketplace. Just make sure you convert well and have a quality product before listing it there. You might even teach your niche list how to earn money promoting these products by sticking it in their signature, a genuine review on their FB status update, etc (make it easy for them since they're probably not into marketing).

8. Keep making money from your list & community (sell your creations, promote affiliate products, ad revenue, affiliate product review pages, etc) and building your list and authority site/community even bigger, resulting in long term, rising profits.

 

Important:

  • Forget about get rich quick techniques and fads or loopholes because they're usually not sustainable. Once you start making good money you can hire experts to do your social marketing which are the main "new" methods you should be implementing.
  • You want your community to get up and running quickly? Go where the traffic already is. Use Youtube, Facebook, popular niche blogs and niche forums. Build relationships (better yet, hire a virtual assistant to create these relationships for you) because they take very little time and can result in widespread syndication, word of mouth traffic, and powerful backlinks. Like I mentioned above, you can hire experts to do whatever you don't want or don't know how to do. And you get get quality work done for pretty cheap too.
  • You'll learn just as much, if not more, from watching what the winners in your niche are doing than from purchasing information. Subscribe to their newsletters and see how they craft their offers. Bookmark their site and take screenshots to see what they're changing and adding. You'll be able to see what works and what doesn't work for their particular site if they're split testing (most established businesses do) and you're tracking which changes the site keeps.
  • Everything in business is a gamble. Learn to handle your emotions, money and your responsibilities or else just get a regular job.
  • Keep it legal. Memorizing the CAN-SPAM act is an absolute must. You may need to learn about other legal issues like user uploaded content or sweepstakes vs lotteries depending on your business model.

 

 

 

 

I sometimes share tips & recommendations that can help make this process easier and help you get more done with your time. As you can tell, I'm not about crap - I'm about maximizing efficiency and financial security, so you might just want to hear more from me ;)

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