I got out my trusty calculator and did a little math. Assuming you make your own information products, what would it take to earn $100,000 in a year if you work with affiliates and pay them 50% commission?
$47 Ebooks: You’d need to sell 355 of these a month, or 12 per day.
$97 Teleseminars and Webinars: You’ll be selling 172 seats a month, or 5.7 per day. Think no one would pay that kind of money for a teleseminar? If your information is timely and valuable, they’ll line up for it. For example, stock market and forex trading advice would fit this category.
$197 Audio Courses: You only need to sell 85 of these a month, or 2.9 per day. Now who’s going to pay $197 for an audio course? Actually, a lot of people. The trick is to make a big promise, record on a library of CD’s, and make sure you fulfill that promise. Example titles might be; 7 Days To Speaking Confidence or perhaps Improve Your SAT Scores by 33% In Two Weeks or even How To Become A Master Pick Up Artist Practically Overnight.
$497 Video Courses: I know what you’re thinking – who’s going to pay $497 for a video course? The truth is, many people have paid TWICE that amount. Sample title? How about… How to Generate a Six Figure Income in 90 Days. Oh yes, and to earn $100,000 a year using affiliates at 50% commission, you’d only need to sell 33.5 a month. That’s practically one per day.
Now then – would you rather make 12 sales a day, or 1 sale a day? Are you ready to step up and start selling big ticket products?
And by the way, other products you can sell for $497 and MORE are…
– Home Study Courses (video, audio and written material)
– Online Study Courses (video, audio and written material, plus it’s more interactive and more likely to actually be used by the buyers.)
– Seminars and Workshops
– Group Coaching
So let me ask you a question: What if you put on a killer online study course and you charged $997 – how many sales would you need to reach that $100,000 mark (assuming all sales were made through affiliates?) Just 16.7 per month.
Or what if you charge $2,000 for your seminar – you’d only need 100 attendees to make a $100,000 payday.
Or if you charge $300 a month for group coaching – you’d need just 55 members.
And in any of the above scenarios, what if you didn’t use affiliates? What if you made all the sales yourself? Then of course you’d only need half as many sales to make just as much money. So in the $997 product example, you’d only need 8 or 9 sales a month to generate a $100,000 income.
If you’ve been paying attention here, you might have noticed I left out one major possibility. Do you know what it is?
Recurring subscriptions or membership sites. 355 members paying $47 a month yields $200,000 – half for you and half for your affiliates. Can you retain 355 for the full 12 months? You’ll have to offer killer content and incentives to come close.
One more thought – what if you do a combination of the above? Perhaps you choose two things, or three or four. Then instead of earning $100,000, you’re earning $200,000 or more.
I’ll let you in on a secret: We tend to get so bogged down in day to day thinking that we forget to step back and look at the big picture. And so is it any wonder that we think small, instead of thinking in numbers like these? You can indeed attain these marks and more, but the first step is to think the thoughts and the second is to believe you can do it.
And you already know the third step – take action on a massive scale and don’t stop until you reach your goal.