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Archive | March, 2018

Sneaky Way to Profit on Product Launches

I don’t know if you’ve noticed, but there are quite a few launches that offer second tier affiliate commissions. This means that when someone signs up to be an affiliate through your second-tier link, you’ll receive a small portion of their sales.

Sneaky Way to Profit on Product Launches

The trick, obviously, is getting affiliates to sign up from your links. Here’s how you do it:

Set up a site that you update weekly or more often. It’s going to be a roundup of all the upcoming launches (that happen to have a second-tier program in place.)

Watch Clickbank, Warrior, JVZoo and other sites to find these second-tier launches.

Make your site look good, and give it an official sounding name.

Give the links to each launch, so when an affiliate joins, you earn a portion of the commission on their sales.

Let your subscribers know each time the site is updated.

Your target market is generally going to be new marketers who aren’t all that comfortable finding products on their own to promote. You’re helping them, and in return you’re making some extra money. Not enough to get rich, but it’s a good side income and only takes a few hours each week to update.

You can offer free admission to your ‘private’ site in exchange for a signup to your email list – and the site becomes your lead magnet.

BONUS: Also put up a link to each sales page, which just happens to be your own affiliate link. This way your visitors and new affiliates get cookied in, and if they purchase, you make the commission.

There is never a shortage of ways to make money online. It just takes a little creative thinking and the dedication to take action on ideas that bring new value into the market.

Turn the Struggle of Others into Big Profit

I’ve got a friend who has used this business model for years as a ‘side’ business.

Turn the Struggle of Others into Big Profit

Funny thing is, his side business earns more than many full time businesses – about $10,000 per piece of software per year.

And yes, he doesn’t own any of this software himself, which means he never has to deal with programmers or customer complaints that the software isn’t doing whatever it should be doing.

Here’s how it works:

Find free software that people use – for example, cloud storage, help desk software, popular WordPress plugins, membership software and so forth. You might want to concentrate just on software that is used in the online marketing world, or you could branch out into other niches.

You’re looking for software that is somewhat popular, but ideally it’s not all that simple to use.

Anything come to mind? Forums are a good place to search. Look for a number of posts from people all looking for help with the same software, and you’ve found a winner.

Now then, you can either do the next step yourself, or outsource it to someone who knows a lot about the software. If you’re doing it yourself, you’ll need to get really good at using the software before you proceed.

You’re going to put together a tutorial that shows people how to use the software. Your tutorial is going to assume they know next to nothing about it, so that anyone and everyone can benefit from it.

Take them through all the steps of installing and using the software, along with all the features they might not even know about. The point is to make it super simple for almost anyone to use the software, once they have your tutorial.

Charge a modest amount for your tutorial – nothing over the top.

You might want to add a “done for you” option or upsell in which the software is installed and set up for the customer. You can do this work yourself, or outsource it to someone else.

And inside your tutorial, place links to the paid version of the software, along with anything else that will help the reader to make the best use of the software.

All of these income streams add up.

And buyers are easy to come by, because many times people are desperate for answers. They’ve already wasted time trying to get the software to work, and they’ve wasted more time on forums and help desks trying to get the help they need.

By the time they find your tutorial, they are more than happy to hand over several dollars to get the job done, or even more money to have the job done for them.

As you can see, we’re targeting people already familiar with the software who need help.

But that’s only half of your customer base.

The other half is people looking for a particular solution.

For example, they want to know how to set up a membership site without paying a monthly fee for software. You can recommend the solution they need, and the software only has a one-time payment.

Better still, you’ll show them exactly how to install and use it.

Of course, you won’t name the software on that sales page.

And yes, you will need two different sales pages. The first one targets the group who is having trouble with the software, and the second one targets the group looking for the solution the software provides.

Want to make even more money?

You can sell private label rights or resell rights to your tutorials.

And you can also get affiliates on board as well.

This can be a great product to sell via paid advertising – both in the ‘fix a problem’ format and the ‘here’s the solution you need’ format.

The work involved in doing this is small versus the money that can be made. It won’t make you rich, but if you put out just one of these a month, you might hit six figures.

And the shelf life of each tutorial will vary according to how popular the software is. You’ll be able to sell some for only a few months, while others might be good for a year or two before you need to update them.

It’s a perfect little side business that doesn’t require much start up cash – just the ability to find software that’s confusing people or solving a real problem, and creating the tutorials for your customers.

And don’t forget – you can also sell more solutions to your new customers after they purchase the tutorial. In fact, this alone can double your profits.

Get busy, and go make some more money by helping other people solve their problems!

How to Stop Making Lousy Decisions

In Chip and Dan Heath’s book ‘Decisive,’ they lay out three ways to make truly excellent decisions that can have a very positive impact on your business and your life.

Howto Stop Making Lousy Decisions

1: The Vanishing Options Test

In 1994, Quaker Oats made the decision to buy the drink company Snapple for a whopping 1.8 BILLION dollars – perhaps one of the worst business decisions of all time.

They didn’t consider any other options. Believe it or not, no one in the company even argued not to buy it or suggested an alternative.

If they had simply expanded their choices by asking, “What other options do we have?” they would have been far more likely to make a better decision.

Do you decide to do things without giving yourself multiple options first? Do you limit your choices before you even start?

For example, instead of asking, “Should I promote this product to my list?” Ask yourself what other products you might promote instead that would be a better fit for your list.

Instead of asking, “Should I buy this piece of software or hire this person for my business?” Ask yourself what your other options are to get the task done.

Here’s why it works: Anytime you give your brain a ‘this or that’ option, it’s hemmed in by just those two possibilities and won’t think any further.

Instead, ask yourself, “What options would I consider if my current options disappeared?”

By giving yourself multiple choices instead of just one or two, you greatly increase your odds of making a good decision and even the best decision for you and your business.

The key is to expand your choices before you narrow them down.

2: The ‘Tell My Friend’ Solution

In 1985, Andy Grove, President of Intel, faced a problem – should he end the company’s line of memory chips, or not?

Management was torn on the question and Andy didn’t know what to do.

So he asked himself, “If we got kicked out and the board brought in a new CEO, what do you think he or she would do?”

Now the answer was obvious – get out of memories.

The right question made a tough problem easy.

This question helped him to overcome the biggest enemy to making the correct decision: Emotions.

You’re angry at your husband so you don’t talk to him. You’re excited about getting the exact make, model and color car you want, so you overpay. And so forth.

These decisions are clouded by emotion, and if it weren’t for that emotion, you would make different decisions.

Here’s why it works: Your emotions cloud your logic. So instead of asking what you should do, ask, “What would I tell my best friend to do?”

This helps you to look past your emotions and makes even the toughest decisions easy.

3: The ‘Test it Now’ Solution

In the late 1990’s, Bill Gross wanted to sell cars on the internet. He was sure the idea could work, but at the time it was risky.

Would people spend $20,000 on a car they’d never seen, much less test-driven?

Bill didn’t try to guess. Instead, he engineered a test run by hiring a CEO for 90 days to do one thing: SELL ONE CAR over the internet.

Usually we do the opposite. We go all in on a decision without having a clue if it’s the right one or not.

We spend all of our time and resources on this risk, when we could have gotten our answer with one small test.

For example, why hire someone as a full time employee when you can hire them for one project and see what they do?

Why spend six months creating a huge information product when you can create a small one in a day and see if there is a market for it?

Here’s why it works: We often get so fired up about a new idea, that we don’t even take time to find out if it will work or not. But by running a small test, we can see if we should proceed or go in a different direction.

Whenever possible, create a small test to find out if you’re on the right track.

“Why am I guessing when I can run a small test and know for certain?”

That’s it – three techniques that can save you a load of headaches and money in your online business and in life.

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