5 Bucks a Day

An old adage among Internet marketers is “the money is in the list”.

What they mean is that the bigger your email list, the larger your income. Theoretically.

I teach differently, actually. Not to say that an email list isn’t valuable, because it is, if it’s targeted enough, and if you treat the people on the list right, and if they’re responsive …

But my teaching is about how to earn 5 Bucks a Day. Not how to earn $500 by sending out an email.

The strategy I teach, in a very quick nutshell is:

• set a goal
• construct a list of projects that can conceivably earn you $5 or more a day in recurring income
• every week focus like a mad dog on doing one of those projects until complete
• lather, rinse, repeat

Do a 5 buck a day project every week successfully and at the end of the year you’ll be making $250 a day (after taking 2 weeks off for vacation), but often you’ll find you’re making more than that because some projects work out better than expected (some worse, as well, but it averages out usually to your favor).

So do you still need to buy my book? Maybe not, if you understand and appreciate the steps above and are a self motivator and don’t need examples of 5BaD projects and don’t care about our members forum that has several thousand dollars worth of free reports and access to a great community to help you.

But back to the list aspect.

To me, the money is in the project list. When you first adapt the 5 Bucks a Day strategy, I ask you to sit down for several hours in a spot where you won’t be interrupted and brainstorm every conceivable way you can make $5 a day by working on a project for a week.

And then I ask you to add to the list every time a new idea pops into your head.

The bigger the list, the more 5-dollar bills there are in there, and your goal is to get them off the list and into your bank account.

Sure, building a large targeted email list of people that respond to your attempts to get them to buy what you’re selling is great, if you can do it, but believe me, the money is in your project list is a truly phenomenal asset.

It’s like your own personal gold mine. Need a raise? Look to your list. Work a week. Bam.

And don’t turn up your nose at $5 a day, that’s $1825 a year, after all. That’s why I’d rather earn $5 a day instead of earning $500 by sending out an email.

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Steven from Affiliate Marketing Diary is a man I respect tremendously.

Not just because he was one of the first people to purchase my e-Book, and not just because he was one of the first to join my membership site at Earn1KaDay.com, but because he’s always on the cutting edge with new ideas and reviews of tactics that just plain work. He’s fastidious in making sense out of it all.

I was very happy to see this post recently on his blog about 5 Bucks a Day. I couldn’t have said it any better. But most of all, I want to point out one key quote from his post:

If you’ve managed to sell one product EVER, you should be able to do it again without too much effort. And the more times you do it, the easier it gets.

So true. So powerful. So simple. So life changing. I would even recommend your writing that down somewhere where you can see it every day.

In fact, that’s the premise that caused me to start Earn1KaDay.com. I learned through watching, reading, and most importantly through personal experience, that once you prove to yourself that you can do something, no matter how difficult it was to do it the first time, doing it the 2nd time is just so much easier. And after that the 3rd time, and then it sort of becomes a habit.

Do you remember Roger Bannister? For centuries, running a mile in under 4 minutes time was considered physically impossible for a human being. When Mr. Bannister accomplished that feat, it was only a short time before others started breaking that “impossible” barrier, and today it’s commonplace (among top athletes, don’t try that at home ).

There are countless other athletic barriers that have been broken in similar fashion, but what Earn1KaDay.com is all about is trying to mentor and persuade our members to find a way to earn $1000 profit in a single day through Internet marketing. My theory and experience is that if someone does that once, they’ll do it again. And so, I want to do whatever I can to help them to do it the first time.

As Steven says above, the more times you do it the easier it becomes.

Why do you think that is? Well, I’m no psychologist, but I believe that until you actually perform a difficult task, like earning $1000 in a day, you have a self limiting mechanism in your subconscious that will not allow you to succeed.

Once you start to believe that you can do it, either by being told you can enough times, or by seeing others no more brilliant than you do what you want to do, suddenly the self limiting mechanism isn’t as strong.

And eventually, as you creep closer and closer to your goal, it becomes not only possible, but only a matter of time. Until it happens. And then again and again.

Were the contemporaries of Roger Bannister any stronger and faster after Roger broke the 4 minute mile barrier? Did they discover some special food that made them excel? No, they didn’t. The difference that took them from unable to break the barrier to success virtually overnight was the removal of their self limiting beliefs.

And so it is with the post it note that I talk about in “5 Bucks a Day“, which is a story for another day if you haven’t read the book yet.

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I participated in a very interesting discussion today on the forum about the importance of CTR (click through rate) on AdWords campaigns.

A member had a very high CTR and was happy about that, because it meant Google gave him a better quality score, and possibly lower bids to earn a high position. But he wasn’t getting any sales.

He was doing one of my favorite techniques, which is campaign blasting, which teaches to quickly launch campaigns with the goal to determine winners and losers. After a predefined amount of time or clicks, an assessment is made as to which category the campaign fits into. If it’s determined to be a loser, it’s axed, if it’s a winner, it continues and/or is expanded to more keywords, more landing pages, etc.

My thought was that if the person was getting a good CTR, and a lot of clicks, but no sales, the visitors were interested in the topic, but maybe not targeted to the landing page itself. In other words, once they got there, they weren’t interested, so they clicked away without buying. And maybe he should put wording in his ad to scare away some visitors (like prices), or at least have negative keywords so that people looking for something the landing page didn’t cater to wouldn’t see his ad.

The person said he wasn’t worried about wasting his money on clicks because they were fairly cheap, all he wanted to do was find out whether the niche was a winner or loser.

Ah, therein lies the problem. He thought he wasn’t wasting a lot of money because after he spent 20 or 30 dollars, if he had no sales, he’d delete the campaign, and that’s all he would lose.

Or would he, I asked?

Suppose he really had stumbled onto a good niche that had the possibility of making a lot of profit. And suppose that if he targeted his ad better, perhaps even to the point where if his CTR was relatively bad, the ones who clicked through were in buying mode. Let’s say that he only got a 1% CTR, but out of maybe 300 clicks he got 3 or 4 or more sales.

And suppose, doing it the way he was doing it, he had a 10% CTR, but out of 300 clicks he got no sales. Which is very possible because 9 out of 10 of the clickers should have been excluded anyway, as they had no interest in what they found.

In the 2nd scenario, he would determine the niche to be a loser after buying 300 clicks. In the first scenario, he would have found a winner.

And that campaign would have profited him, potentially for month after month, year after year.

See how important it is to do it right? If you aren’t going to give a campaign blast your best shot, don’t bother doing it at all. That’s one reason why my friend Matt Levenhagen’s Campaign Blast Guide is one of the most important books you can have in your library if you’re going to spend money on AdWords. It’s the difference between investing and wasting, it really is.

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I was asked today for advice on what kind of URL to link to when submitting an article to ezinearticles.com.

Normally the preferred approach, when people are practicing “Bum Marketing” tactics, is to link to an affiliate merchant. But ezinearticles guards against that, so you have to generally link to your own landing page, where you review the merchant, do a presell, and then link to the merchant.

So in effect you’ve done two presells, asking for the visitor to click twice, to get to where you want them to end up.

The question was whether linking to an article on a blog would be good, and here was my answer:

Yes, linking to a blog is one way to accomplish that. Be sure the article in your blog is different than the one you publish to ezinearticles, so as to give the visitor more or different information.

Or here’s an idea off the top of my head. Think about setting up a wiki here:
http://www.wikidot.com

There you’ll be able to put up any number of articles of your own. Your ezinearticles resource box could say something like “If you like this article, I’ve got lots more for your at http://yourkeyword.wikidot.com ” or whatever, and there you can have your own little article directory where you can have affiliate links and offers.

I’ve recently become very excited about the wiki possibility, I’ve started this one here:
http://earn1kaday.wikidot.com

and it was very easy to do. I’ve set permissions so that only members of my wiki can make entries, and only the owner of a page can edit it. I’ve also set it so that only people that were invited and have a special password can become a member, and at this point only members of earn1kaday.com were invited to become members to that wiki.

But, it will be ranked in the search engines, should be ranked well in fact, and anyone can read any page.

I intend to claim a lot more wikis in the weeks and months ahead, and it will be a large part of my strategy in 2008.

Why would it be better than setting up a full site? Well, I don’t have to buy a domain name. I suspect that Google will give it extra love. The functionality is incredibly easy, no need to FTP anything for example. You write a few paragraphs and your page is immediately up and visible.

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In November, I mentioned that I wanted to start a wiki site, and was looking for help.  My problem was that I wanted to be able to set ownership for specific pages, and to make the pages search engine friendly.

I spent quite a bit of time, and tested 2 or 3 different wiki platforms, investigated several others, and wasn’t able to make any of them work.  I put the idea aside, frustrated.

Today I found wikidot.  And suddenly, like the new year, things are now looking fresh and promising.

I spent just a few hours today, and I think I have the structure that I’ve been looking for. The pages are automatically search engine friendly.  I’m able to allow any member to add a page to the wiki.  I’m able to lock permissions so that only the person who created the page can edit it.  And I’m able to secure the wiki site so that only members who are invited can add pages.

For now, only members of Earn1KaDay.com will be invited to join, through a special password that is known only to them.

However, the site will be open for public viewing, and hopefully very soon will have a lot of useful content, with crosslinking that will enable it to become a true authority site, jointly developed by some of the best Internet marketing minds I know.

If you’re a member of Earn1KaDay.com, look inside the forum for instructions and the special password.

Here’s our new wiki … ==> Earn1KaDay.com wiki

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