When people talk about making money online, it can sometimes sound very complicated. But what it all boils down to is…FREEDOM! Money is just a way to achieve that freedom… the freedom to decide how to spend your day, when to get up in the morning, and do what you want to do – when you want to do it. Whether that’s spending time with your family, travelling, playing golf, or relaxing by the pool… it’s up to YOU. That’s the type of freedom I enjoy, and that’s the freedom I want you to have.
To help you get as close as possible to that freedom, I believe it’s important to share step by step, actionable and proven plans. I’ve previously released A 3-Steps Plan Revealing Exactly How To Earn $200k Income Yearly, and today we’ll go further. As you read this post, you will discover a unique and unconventional strategy to start making a steady $10k monthly! The question I’ll be trying to answer is:
“If you are starting your business from scratch, what would you do to make $10,000 income per month?”
Before I reveal you the closely hidden secret “gurus” doesn’t like to share, let me give you at least two rules of success to be consider as prerequisite:
Rule 1: You need to strongly want to achieve the result you are claiming you will, in this case $10,000 monthly. Success starts with proper and ready mindset, that’s the first rule ever. You must have a strong motivation; decide what you want, and what having that will means to you. If you don’t have this, well making serious money is just not for you.
Rule 2: Now that you know why you want to achieve your goal, you now have to be ready to do whatever it takes to make it happen. The secret is to take daily action, starting now! It doesn’t matter who you are, or what is your current situation. If you are willing to succeed, you will follow this simple strategy and achieve your $10k/month goal. The most difficult part is to stay focus and follow the steps, so you need to be willing and never quit until you succeed!
Now let’s jump into it:
Step 1- Choose/Create an Offer Filling a Need on the Market
When you start a business online, you need an offer (product or service) you will put in the marketplace, hopefully to solve an existing problem in your industry. Exactly like when you go to eat at a restaurant to solve your hunger problem, the offer you put on the market should fill a real need for you to be able to gain something. From my experience, there are two secrets for a successful offer:
– Firstly, you need to figure out ways to increase the “VALUE” of what you have to offer. Start by answering questions like:
* Why is your product better than the rest?
* What is in your product that you feel would make someone say, “I want this!”
* What are they gaining from ordering?
Online marketing has always been about figuring out ways to sell people on the idea that if they acquire whatever is you have to offer, they will “gain” something from it. So if you can point out the benefits of your offer, you will be adding more “value” to it.
– Secondly, you need to structure your offer so that it increases you average customer value. When you have a goal to make $10k/month, you have to think like top earners and put similar systems in place. Let’s assume we are in the Internet Marketing niche. If you are promoting a digital product (Ebook, video course, coaching program, etc) costing about $100, you can make 80% commission per sale ($80 in this case). At this rate, you’ll need to generate 125 sales to reach your goal, which is not easy at all! To bypass this issue, the secret is to have low ticket products to sell on the front-end, and then high ticket products on the back-end. Why? Well, because the fastest way to make $10k monthly is to earn it in commission from a single sale, or as few as possible! And believe me, it’s much easier to achieve than 100 sales per month…Don’t worry, once a customer buy a low ticket product from you (between $15 and $50), it’s easier to upsell your higher ticket products. The most difficult part is the first sale…but when people get to know you better through your funnel, it become easier to sell more.
Now that you know all this you may ask yourself where you can find offers meeting the above criteria. Well at this point you have two options; you can either create the products yourself, or choose an existing one on the marketplace and just promote it. If you are new in all this, creating your own highly attractive front-end and back-end products can take you months or even years. That’s why I recommend you get started with a trusted company like MOBE, which gives you access to an entire suite of products that pays thousands of dollars per high ticket sale. That is a real fast and save way to achieve you goal.
Step 2- Set Up a Powerful Sales Funnel
If you want to make money online, after finding you offer and driving high converting traffic to it, you need a third element to dramatically increase your income! Creating a high converting sales funnel can be a game changer. In fact, all serious marketers will tell that the 2 other steps are the easier ones. It’s not difficult today to find a good offer or traffic source, when you know where to look. However, building a great sales funnel is another story. Unfortunately, this is the least tough step in the online marketing sale process, as it’s the most complex but the game changer part because that’s where the upsell to higher ticket takes place.
In the traditional approach, people send traffic directly to their affiliate link, or do that just after opt-in. No wonder they are not really successful, as even if you make some few sales, you can never get rich this way. The reason is that you are probably targeting the same audience with others, so you need something that makes your offer different and unique.
In the modern approach, you take your affiliate link video/letter sales page and you build your own custom sales funnel around it, starting from scratch. The different parts of your funnel should be for example:
- One to five lead magnets
- Custom squeeze pages giving away lead magnets
- Custom presell page with one time offer (OTO)
- Custom compelling follow-up email sequence, containing checkout link.
- Phone calls for upselling
The power of this approach is to pre-frame your offer, and make people wanting your product before you actually present it them. Because you have provided valuable content in your free lead magnet and you keep doing the same in your emails sequence (at least a 30 days emails campaign) actually create the desire of the product, which make it easier to sell when you finally present it to them. The best way to achieve that is to teach them something they can get some benefits from (educational content around your industry), or tell a successful story and then bring your offer as the fastest solution for them to get the same result. Don’t forget, more than your products or services, people buy the dream, the lifestyle, the freedom they can acquire behind all this. When you do this right, you bring value upfront and create a trust relationship with your subscribers. They will then consider you as their trusted advisor and keep buying from you because you offer solutions to help them overcome their obstacles. To consolidate your “expert” position for your subscribers, you can even offer a free 30 min strategy phone session with you! This is the most efficient way to close best deals ever (high ticket sales are usually made after a call), because you have the chance to customized your solution per subscriber and thus convince the most skeptical. If you have decided to join and leverage the MOBE marketing system, you’ll have a professional phone sales team doing this for you…
Step 3- Find a High Converting Traffic Source
If you have been in this industry for while, you have probable heard by now that traffic is the key to every online business. You don’t exist without it. There are several methods to generate traffic online. Some of them are free like blogging, SEO, social media, article directories, etc… and then you have paid methods like Pay Per Click, Pay Per View, Solo Ad, etc. Now as an entrepreneur, you want to be able to control your traffic source and quality, because that is the only way to scale your business. To achieve your $10k per month, it’s vital to have a steady and predictable source of high quality traffic! That’s why I highly recommend you pick one paid traffic method and go for it, because paid traffic is the only to know what to expect. Of course before you start massive investment in this, start small and make sure you master the traffic method you have chosen. And then, figure out your Average Cost per Customer, which is the amount of money you are ready to spend to acquire one customer! Because at the end of the day, you have to make more commission than what you spend to generate lead…that’s when your business becomes profitable. You want to be able to spend $50 in traffic, and gain $60 commission because that’s what allows you to scale up. Note that in general, you’ll have to spend from $1 to $2 per click for good traffic. Again, if you partner with MOBE, you’ll have full access to a deep training about all traffic method, and valuable advice on where to advertise for a quick ROI, so that you can make up your mind. To hit our $10k/monthly goal, you’ll need and average of 20 leads per day!
Step 4- Constant System Improvement
Now if after the first 3 steps you are still not getting consistent sales to meet our target, it means that something is not properly done in above process. May be your traffic is not high quality enough, or your funnel doesn’t convert leads into sales enough, or maybe you don’t upsell / don’t have a good back end product. Remember, this is a system! So all these pieces must be treated with the same attention for you to succeed. To guarantee you will generate constant income from this system:
- Keep tweaking your lead magnets to always bring more value
- Keep tweaking your squeeze pages to increase your opt-in rate
- Keep tweaking your pre-sell and sales page
- Keep tweaking your follow up email sequence contents
- Keep tweaking your traffic source strategies
It’s only by keeping doing the above tasks that you’ll durably scale your online business, because you’ll constantly increase your conversion rate, increase your average customer value, and decrease your average cost per customer. Those are the ingredients of any real successful and long term online business.
For some of you this may seem a lot of work to do, and I get it. Setting up a professional sales funnel may be a difficult and time consuming task (creating the different pages, writing follow-up emails, etc), and that’s only one of the steps! That’s why I highly suggest you to join MOBE and follow the Initial Coaching Program, in which you’ll learn how to have access to their powerful marketing system where all of these step are already done for you! You have high quality front-end and back-end products available, a complete high converting funnel available, etc. All you’ll have to do is drive traffic, and your personal coach will teach you how!