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Member You - How To Bring In Your First $100,000 With Infoproducts
The valuation of a business is an important exercise when an entrepreneur plans to buy or sell his business. It becomes necessary for most small businesses to calculate the value of their business for many purposes, which include valuation of loan application, estate planning, net worth calculation, and so forth.There are various methods for valuing business: the rule of thumb method, asset valuation or industry average valuation method.The rule of thumb method involves a factor, or multiplier, to calculate the worth of a business. The same is projected upon a cash flow or profitability figure. The determination of the multiplier is also termed as EBIT (Earnings Before Interest and Taxes.) T
Based on personal experience, it is certainly possible, and quite easy to pull in an extra $500-$1,000/month with well positioned affiliate product promotions - even with a list as small as a couple thousand subscribers.
Let's be conservative and assume you run two affiliate promotions per month each bringing in $400 --
24 Affiliate Promotions X $400 = $9,600/year
Step 4. Show Peopl
In the world of franchising often there are rogue franchisees which do not want to follow the system or the standards of the confidential operations manual. This is unfortunate because the franchising system gains strength when there is consistency and quality controls within the system.A rogue franchisee who will not follow the system may purposely disrupt the system and therefore hurt the franchise system. In doing so inevitably it is a self-fulfilling prophecy. Because the rogue franchisee often complains about the franchisor or the overall franchise system and then sets out to make it fail.Unfortunately, a rogue franchisee within the system can hurt the system a lot more than any outs
Rather than just try to convince you of that fact, I figured it's better to go one step further and show you exactly how it's done.
Creating your own infoproducts, writing ebooks, building courses or membership sites are often the launch pad for becoming an information entrepreneur spinning off multiple streams of online income.
Your number may not be $100,000, it may be lower or higher, the fact is there is a way to continue to turn your knowledge into more profits quickly.
Here is an example of a typical infoproduct entrepreneur's progress toward $100,000.
Step 1. The First eBook or Infoproduct
You need to quickly launch your introductory ebook, video, audio or other information product and you need to find a way to sell it for $47-$97.
For tips on how to increase the value and price of your information product - refer to the recent article called "5 Exceptional Bonuses That Will Increase Your Online Marketing Business Results" over at: http://www.highertrustmarketing.com/articles/5bonuses.html
If you have selected your topic correctly - as outlined in my Ultimate Information Entreprenur's Success Package http://www.infoproductcreator.com , then you can expect to sell 30-60 copies per month. Let's say you sell just 50 copies per month at a price of $67 each --
50 X $67 = $3350/month or $40,200/year
Step 2. Teleseminar, Webinars or Interviews
The trick to building on your momentum is to leverage the success of your first infoproduct by conducting a series of teleseminars, webinars or interviews.
You want to produce at least 1 new audio/video product per month.
There are many teleseminar or webinar services out there that allow you to control the entire session, and will ship you the audio file with transcripts following the session.
You now have some additional income from the teleseminars and from the resulting products --
12 Teleseminars X $555 (15 ppl X $37) = $6,660
80 Product Sales/month (4 New Products X 20 sales/month) X $67 = $5360/month or $32,160/year (only calculating 6-months of sales as it will take some time to build these products)
Step 3. Related Affiliate Products
While infopreneurs are product developers and marketers of their own products first, it certainly doesn't mean that you shouldn't build a list of subscribers and market affiliate products to your list.
Based on personal experience, it is certainly possible, and quite easy to pull in an extra $500-$1,000/month with well positioned affiliate product promotions - even with a list as small as a couple thousand subscribers.
Let's be conservative and assume you run two affiliate promotions per month each bringing in $400 --
24 Affiliate Promotions X $400 = $9,600/year
Step 4. Show Peopl
Picture this. You develop some product or service, spend countless hours making sure everything is just right, set up a beautiful web site, make sure the ecommerce end is secure, and then release what you know will be of utmost benefit to others.Do you really know this? How do you know it? Gut feeling? Someone else told you so?In the world of online ventures, researching the currently defined marketplace can be even more important than in the offline world. Why? Things change so incredibly fast. Web sites and services start and end with the blink of an eye. In part this is because of the nature of the internet, and most are able to survive these types of massive fluctuations. But the ones wh
Here is an example of a typical infoproduct entrepreneur's progress toward $100,000.
Step 1. The First eBook or Infoproduct
You need to quickly launch your introductory ebook, video, audio or other information product and you need to find a way to sell it for $47-$97.
For tips on how to increase the value and price of your information product - refer to the recent article called "5 Exceptional Bonuses That Will Increase Your Online Marketing Business Results" over at: http://www.highertrustmarketing.com/articles/5bonuses.html
If you have selected your topic correctly - as outlined in my Ultimate Information Entreprenur's Success Package http://www.infoproductcreator.com , then you can expect to sell 30-60 copies per month. Let's say you sell just 50 copies per month at a price of $67 each --
50 X $67 = $3350/month or $40,200/year
Step 2. Teleseminar, Webinars or Interviews
The trick to building on your momentum is to leverage the success of your first infoproduct by conducting a series of teleseminars, webinars or interviews.
You want to produce at least 1 new audio/video product per month.
There are many teleseminar or webinar services out there that allow you to control the entire session, and will ship you the audio file with transcripts following the session.
You now have some additional income from the teleseminars and from the resulting products --
12 Teleseminars X $555 (15 ppl X $37) = $6,660
80 Product Sales/month (4 New Products X 20 sales/month) X $67 = $5360/month or $32,160/year (only calculating 6-months of sales as it will take some time to build these products)
Step 3. Related Affiliate Products
While infopreneurs are product developers and marketers of their own products first, it certainly doesn't mean that you shouldn't build a list of subscribers and market affiliate products to your list.
Based on personal experience, it is certainly possible, and quite easy to pull in an extra $500-$1,000/month with well positioned affiliate product promotions - even with a list as small as a couple thousand subscribers.
Let's be conservative and assume you run two affiliate promotions per month each bringing in $400 --
24 Affiliate Promotions X $400 = $9,600/year
Step 4. Show Peopl
Do you remember when you were asked as a child; “What would you like to be when you grow up?” Did you have an answer? How about now, do you know what you want too be a year from now? Three years from now? What would have to happen to make those next 3 years successful? What is your preferred future?If you want success, then you must design the future you want. The following will help you design your preferred future:1. Define success for yourself. Most of us allow others to define success for us. We choose to be judged by their values. We live by “shoulds” and “oughts” and rules. What I suggest is that you be brutally honest and dredge down deep inside yourself for the answers. Fi
50 X $67 = $3350/month or $40,200/year
Step 2. Teleseminar, Webinars or Interviews
The trick to building on your momentum is to leverage the success of your first infoproduct by conducting a series of teleseminars, webinars or interviews.
You want to produce at least 1 new audio/video product per month.
There are many teleseminar or webinar services out there that allow you to control the entire session, and will ship you the audio file with transcripts following the session.
You now have some additional income from the teleseminars and from the resulting products --
12 Teleseminars X $555 (15 ppl X $37) = $6,660
80 Product Sales/month (4 New Products X 20 sales/month) X $67 = $5360/month or $32,160/year (only calculating 6-months of sales as it will take some time to build these products)
Step 3. Related Affiliate Products
While infopreneurs are product developers and marketers of their own products first, it certainly doesn't mean that you shouldn't build a list of subscribers and market affiliate products to your list.
Based on personal experience, it is certainly possible, and quite easy to pull in an extra $500-$1,000/month with well positioned affiliate product promotions - even with a list as small as a couple thousand subscribers.
Let's be conservative and assume you run two affiliate promotions per month each bringing in $400 --
24 Affiliate Promotions X $400 = $9,600/year
Step 4. Show Peopl
The U.S. Federal Government is the nation’s largest provider of financial or monetary assistance for small businesses. Since 1953, the Small Business Administration (SBA) branch of the Federal government has helped many small ventures that have become household names today. The government considers small businesses very seriously. They realize their obligation to promote and develop these firms for the integrated development of the whole nation.Small Business Administration:The SBA does not directly offer grants to individuals for business expansion or start-up. For individual set-up’s, it provides a wide variety of loan programs on easy pay back terms. However, the SBA does offer many type
There are many teleseminar or webinar services out there that allow you to control the entire session, and will ship you the audio file with transcripts following the session.
You now have some additional income from the teleseminars and from the resulting products --
12 Teleseminars X $555 (15 ppl X $37) = $6,660
80 Product Sales/month (4 New Products X 20 sales/month) X $67 = $5360/month or $32,160/year (only calculating 6-months of sales as it will take some time to build these products)
Step 3. Related Affiliate Products
While infopreneurs are product developers and marketers of their own products first, it certainly doesn't mean that you shouldn't build a list of subscribers and market affiliate products to your list.
Based on personal experience, it is certainly possible, and quite easy to pull in an extra $500-$1,000/month with well positioned affiliate product promotions - even with a list as small as a couple thousand subscribers.
Let's be conservative and assume you run two affiliate promotions per month each bringing in $400 --
24 Affiliate Promotions X $400 = $9,600/year
Step 4. Show Peopl
Direction: Answer “Yes” or “No” to each statement.1. I have a clear visual flowchart for my team and everybody knows his/her roles on the team. 2. I know the best and highest use of my time and my role in the company and the team flowchart reflect that. 3. I take time to provide the details to my team members and make sure they understand what their tasks are, why they are given and by when they need to be completed. 4. I train my team members and provide the support they need with time, guidance and resources to help them be successful in their role. 5. I closely supervise their authority and make sure they have adequate authority to go with their responsibilities.
Based on personal experience, it is certainly possible, and quite easy to pull in an extra $500-$1,000/month with well positioned affiliate product promotions - even with a list as small as a couple thousand subscribers.
Let's be conservative and assume you run two affiliate promotions per month each bringing in $400 --
24 Affiliate Promotions X $400 = $9,600/year
Step 4. Show People The Solution - Videos
Technology has advanced to the point where you can easily produce very high quality videos from your own home office.
These videos can be tutorials showing screen shots, interviews with experts or a combination of camcorder shots with screen shots.
Now, there is tremendous money to be made in developing multimedia based products - however we will be very conservative with our estimates here, we'll assume you develop this product 6-months into your business and that it will be a $47 DVD (in reality they can often be priced much higher - depending on the topic and uniqueness of content) --
25 sales X $47 = $1175/month or $7050/6months
Step 5. Offer Services
If you have selected your market carefully, tapped into a wave of demand and offered a unique solution or system to solve a particular problem - then people will come to you looking for help beyond your product.
Offering consulting, coaching, mentoring, implementation or other services may not be your first goal, but the requests will come and you may as well prepare by pricing and marketing your services in advance.
To this day, I still fight most consulting engagements - I simply love creating products too much. But offering consulting or other services does bump up your monthly income and is a great way to stay in touch with your market - first hand.
Typical consulting rates range from $150-$300/hour. For this example, I'll assume minimal consulting at just 10-hours per month and assume your first consulting income will not be generated for the first 6-months as you build your customers and reputation.
10hours/month X $150/hour = $1,500/month or $9,000/6months
THE GRAND TOTAL
So far we have the following:
$40,200 from main product
$6,660 paid teleseminars
$32,160 additional products from recording teleseminars
$9,600 from related affiliate products
$7,050 from video/multimedia products
$9,000 from consulting and services
TOTAL $104,670
What I have outlined here is a completely reasonable, and in many cases, very conservative estimate of what you can do in your first year of becoming an infopreneur.
It's the model I followed, as have most other online marketing success stories. While the split of numbers may look different,
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