What are the two core steps for making a lot of money on the Internet. But first, let me explain the basic formula for making money online (or offline for that matter). According to veteran Jimmy D.Brown top internet marketer.
To make money you need an offer and a buyer.
That’s all you need. You need to offer something for sale and you need someone to buy it. That’s the formula. It doesn’t matter what kind of business you’re in, that’s how revenue is generated. You need a transaction to take place.
Here are the two core steps to making money and increasing profits on the internet.
1. FIND SOMETHING THAT WORKS TO GENERATE INCOME. Whether you’re promoting an affiliate link, selling your own infoproducts, hosting auctions, etc... you need to find something that works to generate income. (NOTE: As we will look at below, this can be ANY amount of income … even $2.00 or 50.00 )
2. REPEAT IT ENOUGH TIMES TO REACH YOUR SALES GOAL. Take your sales goal and divide it by your profit per transaction and you’ll get the number of customers you’ll need in order to reach the income level you are interested in. What you need to aim at is simple: duplication. Once you make money – ANY amount of money, even $1.00 – it’s simply a matter of duplicating that process over and over again.
Testimony: When Jimmy D. Brown first started his internet business back in 1999 something interesting happened. He made first sale online which was only $12.95 (barely enough to buy a pizza!) Heck, he had to hand key in the order on the credit card machine that he used for sports card shop because he didn’t have an online order processor. But Jimmy remembers dancing with my wife in the bedroom of our small house. Why? Because he realized even then the soundness of the steps being explained to you today. He made $12.95 … now all he had to do was repeat that over and over again to reach the income level I desired.
Jimmy first full year he made over $100,000 selling those low-cost products.
He stated I found something that worked to generate income. I repeated it enough times to reach my sales goal. I connected an offer and a buyer. I got transactions. Ten years later I’m still operating by that same strategy.
Now let’s talk about YOU.
Let’s look at some quick models of income generation to see how this works. Let’s assume that your goal is to make $1,000,000 (one million dollars) during the next 12 months. Let’s see how you can do this…
1. The $1.00 Way.
There was a well known news story a while back about a guy who sold one million pixels of advertising on his website at $1.00 each. The result was a whopping one million dollars in revenue. While this is the most difficult way to do it (simply because you need to find more customers than the average person can find), it is possible. The principle is the same: find something that works to generate income and repeat it enough times to reach the goal.2. Ad Sites That Generate $10.00 Per Day.
Another option is to create a content site that generates income through clicks through one of the popular advertising networks such as Google Adsense®. If you setup a site that generates just $10.00 per day in revenue in one year you’d make $3,650. How would you apply the strategy we’ve talked about today? You’d setup 274 of these ad sites for different niches in order to generate the one million dollars based on $10.00 per day for each of them.3. A Product Launch That Pulls In $500,000.
Let’s suppose you create a great product, get a bunch of great partners lined up to promote it and pull off a great launch that yields $500,000 in revenue. Principle at work? Repeat it just TWICE and you’ve a cool million dollars coming in.No matter what you’re price point (and, as a general rule it IS easier to find less customers who spend more money than it is to find more customers who spend less money) the way to make money is the same in all regards:
You need an offer and a buyer.
That’s how you make money.
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