Ever wonder how the thousands of “under the radar” web
businesses that earn well over $100,000/year (many with
much higher sales) out of their own home do it?
Over the last year I’ve had the great fortune to speak
with many of these true, hidden entrepreneurs at
conferences, seminars, and in my own coaching and
consulting business.
What I’m about to share with you also came true for me,
and is outlined in more detail in my Ultimate Information
Entrepreneur’s Success Package
Here’s an example of their business model:
1. Information Products. Without a doubt, each one of
the successes I know market their own infoproducts.
For some, it’s an ebook. Others have special reports.
Still others run online coaching programs, membership
sites, paid newsletters, teleseminars, or produce
digital audio or video products.
It’s not their only source of income, but is a MAJOR
source of income, and more important, brands them an
expert in their field leading to success with #2 and
#3 below.
2. Market related Affiliate Products. Again, in almost
every case, these online success stories become experts
at finding and creating joint venture deals with partners.
But, they work differently than most affiliates.
They start by ALWAYS reviewing the product they will market.
Second, they look for a different way to present the
product or service – a more beneficial way to show users the
real benefit in the affiliate product. Third, they use
the branding from #1 to negotiate higher commissions and
focus on high commission programs only.
3. They monetize their traffic using Adsense or selling
advertising on their sites. For high traffic pages
where adding paid ads or Google’s Adsense will not impact
their own sales, they will run ads to further monetize
their sites.
4. Sell their time. You will find that truly successful
people online LOVE to help people succeed. But…for
every person who is really dedicated to succeeding there
are 10 “tire kickers” who want someone to hand them
success on a silver platter. It doesn’t work that way,
nothing works that way. So, in order to leave time to
help those who really want it, coaching programs are
formed. Yes – you have to pay big money, but you should
easily be able to get 10X the value for money spent.
So as you can see, there is no ONE single way to build
your wealth online.
Instead, you build a diversified, rich and healthy
business by focusing on these 4 pillars. Not only will
you earn more money, but your business will be stronger
and build momentum faster when you do.
Jeff
