I posted this article on an internet marketing forum a while back and thought it would be a nice addition to my blog.
Let me know what you think.
I would like to share with you the 3 keys that virtually all the big-name internet marketers use to generate their huge monthly online incomes. I am not talking about people earning 1k-10k per month; I am referring to those marketers that consistently earn 10k-100k per month or more.
The 3 keys of these Internet Marketing Titans are:
1. Build a list
2. Offer multiple front-ends that lead to a bigger backend
3. Create a business with passive income
Let us examine each key.
1. List Building
Building a list (collecting emails through double opt-ins) is ESSENTIAL if you want to build a large online income.
If you do not build and utilize lists, you will probably never reach your income potential.
Using an autoresponder with your list is great to send your customers free content within your niche, building a customer relationship, and turning them into Highly Targeted Customers who trust your recommendations on products/services.
2. Multiple front-ends and a bigger backend
Here is an example progression of this key:
a. Customers buy a product from you like a $27 ebook (just one of several front-end products you offer)
b. Customer double-opt into your email list and are then sent great content within the niche with your autoresponder every week or month.
c. Now your trusting, highly-targeted customer is upsold into a $29 per month membership site (bigger backend).
d. From here your customers can now be upsold your $759 home-training seminar.
e. Now some of these customers will want to learn more and will buy your $4595 personal coaching package.
Of course these are general examples, but you get the idea.
Just remember this, your back-end is useless if you have not built your customer relationships and gained their trust.
3. Create a Business with passive income
Focus your attention on creating websites that generate income automatically (passively) so that once it is running on its own you can focus on the next project and add to your passive income.
Summary
If you honestly want to be a successful internet marketer you absolutely MUST begin with a clear picture of what you want to achieve. You need a write out a business model.
Most beginning internet marketers buy the latest “money-making programs” and hope that one of them will eventually work.
You need to focus on one project at a time. Work on that project until it is earning money and then focus on the next one.
Try not to bounce around from one thing to another searching for that one Golden Opportunity. The secret is to build a website and set it up so it is generating money automatically for you then create more just like it.
It seems much more simple to build 10 simple sites, one at a time, that will each generate $300 per month (just $10 /day), than it is to create one site that brings in $3000 per month. The latter seams much more daunting to the beginner.
So start small, focus on one project at a time, use the 3 keys, and let each project build on the last.
To your success,
-Mike
