5 Bucks a Day

You’ll get rich with Internet marketing if you take massive action to produce products.  If you don’t read anything else that I ever write, read that statement again, commit it to memory, then commit to it, and you’ll be successful.

A product could be an article that you write to have published in article directories.

A product could be a report that you give away in order to get people to sign up for your email list.

A product could be an eBook that you write.

A product could be a web site that you set up.

A product could be a blog, even a blog post, even a post on a forum that links back to your own web site or blog.

A product could be a membership site.

A product could be an affiliate review page on one of your web sites.

A product could be a Squidoo lens.

A product could be a classified ad on eBay selling another product of yours or promoting a product of someone elses.

A product could be a video that you post on YouTube.

We could go on and on and on, but I think you’re starting to get the idea.

The more products you make, the more money you’ll make.

Not every product will make you money, some will lose you money, but once you’ve made enough products you’ll have a feel about how to make winners rather than losers, and you’ll make more winners.

Some products will make you an absolute fortune, those are the ones you’ll tell your friends about and they won’t believe you.

Some products will make you a dollar a day, those are the ones that you should be seeking out just as vigorously because enough of them will make you very comfortable.

Some smaller products (like an article) will only make you a few cents a day, others will make you a lot of money in a short period of time, and then die off quickly. Don’t turn down either one.

When attempting to determine the next product to produce, seek either instant cash or long term cash. Both are good. Instant cash buys you the toys you need, long term cash pays the mortgage, the car payment, and funds your retirement account.

Every day that you don’t work towards producing another product is a day that you’ve wasted, you’ll never get it back.

Products don’t have to be perfect in order to make you money, but products have to be available. Waiting for the next product to be perfect before making it available is the single biggest mistake an Internet marketer can make, and I’m afraid the vast majority fall into this trap.

The typical Internet marketer doesn’t want to be embarrassed by imperfection. I’d prefer that embarrassment rather than being embarrassed that I can’t pay the mortgage.

Example: Is this blog post the best example of my writing ability? No. Will this blog post make me any money? I don’t know, I don’t care. If you want to help me, you can join one of our membership sites on the right hand side (Earn1KaDay.com, Instant Cash Generators, or Sell Your Writing Online) and get much better writing than this post, but if all you want is free advice, you got it here, my friend, take it or leave it.

Did this post motivate you to take some kind of action? I hope so, because without action, without massive action as many days as you can muster up the energy to take that action, you’re not getting close to your potential.

See you next time.

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I’m going to be quoting from a really spectacular interview today, and probably several times in the future. You’ll be getting information here that isn’t available to the general public, and I hope you take advantage of it. It will make you money, I guarantee you, if you listen to some of the quotes I’m going to print here. In fact it could make you 6 figures annually. Or more.

First as a preface to this first quote. If you haven’t heard of JD Swanson, to make a long story short, he’s an Internet marketing genius. He’s been a mentor to me, even though I’m old enough to be his father, but that doesn’t matter on the Internet, does it? For all I know he could be lying about his age and only be 15. Not a problem. He’s still a genius in my mind.

Two of JD’s marks on the IM scene are membership sites, Instant Cash Generators and Sell Your Writing Online, where he regularly dishes out ideas that make people money. JD’s heavy into things that make him instant cash, and he doesn’t mind sharing those ideas.

Beyond that, he’s a regular contributor to my membership site, Earn1KaDay.com, and he agreed to do an interview for us, he took a couple dozen prepared questions and wrote from the heart, the interview was just recently uploaded to Sell Your Writing Online. I’d recommend you join, what you’ll learn from this interview will more than make up for a year’s worth of membership fees, most likely.

Today’s quote that I want to share with you was in answer to a question about coming trends. Here’s what JD had to say:

If you sell a product for $10, give $100 value. Simple. Overdeliver. No matter what you do, just over deliver and you will always have happy customers and more then you can handle. Trends come and go, good business models last forever.

If you use that advice as your business model, you can’t fail. For example, one of our other members at Earn1KaDay.com published a report telling how he got started to his success. He took writing jobs, overdelivered, got great testimonials, loyal customers, and now he’s no longer able to take on new customers, even though he’s raised his writing rates 400%. All in the matter of just a few months. Unreal.

Do what you’re paid for and you’ll get paid. Do more than you’re paid for, and you’ll eventually (soon) get what you earned, and probably double that, in return.

Words to live by.

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It seems like there is an unending supply of products waiting to be made for ambitious Internet marketers. Anyone with any ambition and even just a couple months of experience has no excuse to fail at this. I really believe this.

No offense to those that have been trying like the devil without any results, because I went through a 3 year dry spell myself before I found my personal strategy, so I shouldn’t be casting stones at others with the same history, and I’m not.

It’s just that now that my eyes have been opened, and I have confidence that this Internet marketing thing works, I can see the opportunities, and opportunities are everywhere, to do all sorts of things…

If you learn some basic skills. If you work at it. If you set goals. If you focus. If you take action.

I’ve said this before in other words, and I’ll say it here again now, the most important basic skill to learn is how to write in coherent English. Good spelling. Good grammar. The ability to transfer your thoughts from your mind to a screen and then on to your audience. But even without that skill, you can still succeed and I’ll tell how in a minute.

One of the newer members of our forum gave us a report that he put together recently that detailed his rise to success. He started by writing reports for others, at low rates. He (and this is important in anything you do for a living) over-delivered. In other words if he was paid $10 he delivered $20 worth of value. If he was paid $100 he delivered $200 or more.

That got him great testimonials, referrals, and his original clients wanted him to work for them again, even though he was then able to raise his rates. In a matter of a few months, his rates were raised 400%, and he has so much work he can’t take on new clients.

Just for writing.

Those who can write can write for others, or they can write for themselves (create products). They can write reports, they can write books, they can write articles, they can write sales copy (probably the most valuable writing skill of all), they can write blog posts, the mind boggles doesn’t it?

So what if you can’t write well, or have a problem with English? Well, simple. You get someone else to write for you. To those outside the Internet marketing field, it seems unbelievable that so much is outsourced to others, particularly writing or software programming jobs. That can actually be the secret to huge success in this field.

I’m comfortable with my writing skills, but I have more ideas than time to write. My feeling is that an idea is worth $XXX or $XXXX or sometimes $XXX,XXX. Let’s say it will take 50 hours for me to write a report that I expect to make $1000 with. If I write it, that means I’m paying myself $20 an hour.

What if I outsource the report to someone else, and pay them $300 to write the report for me? Some people would say I just lost $300, but to me, that’s an insane value. If I can get someone to do something that would take me 50 hours to do, and only have to pay them $300, and instead of doing that I do it myself, that means I’m paying myself $6 an hour. That’s ridiculous, my time is worth way more than that.

Why would somebody do the job for $300 then? Maybe then can do it faster than I can. Maybe they are hungrier. Maybe the cost of living in their country is less than it is here and $6 or $10 an hour is a good pay.

So back to what I really want to talk about today, ideas.

If I have an idea for a product, for example a report, and I can get somebody to write it for me for less than I can sell the report for, to me that’s a good thing. But what then? Do I just sit on my hands waiting for the report to be done? Of course not.

Since I don’t have to invest any more of my time in that project until it comes back to me, at which time I’ll have to edit it and start selling it, I can work on another idea.

I can come up with another report topic, and let’s say this one is destined to make me $2,500 and I think it might take 100 hours to complete if I do it. Much better, that means if I write it, I’ll be making $25 an hour, right?

But what if I outsource that one also? And while I’m waiting for these 2 reports now to come back, I can work on other ideas. Do you see what’s happening here?

If you can come up with ideas quicker than you can do them, it makes no sense to do them yourself.

In the 50 hours or 100 hours that I’m not writing those reports myself, I can come up with a bunch of ideas, and instead of putting them on a project list and eventually getting to them (assuming someone else doesn’t beat me to it), I’m getting them all done for me.

By doing this, in theory if I have enough ideas, I can produce a year’s worth of reports in a month. That’s very powerful, isn’t it?

Sure, I’m giving away some of the profits by paying people to do most of the work, but that’s fine with me, because I’d rather have 50% of the profits on completed projects, than 100% of the profits on projects that have never been started.

The real masters of outsourcing are the ones that will be millionaires this time next year. Will you be one of those millionaires?

The person I mentioned before, that started his rise to stardom by taking writing jobs, learned his craft well. He delivered value above and beyond what he was paid, he learned, he made contacts, he absorbed knowledge from the people that hired him like a sponge, and now he’s on the other side, creating products for himself, and having others create products for him.

So where do the ideas come from? They’re all around us. Visit forums and see what people are asking for, struggling with, getting advice about. Visit forums that are idea factories, like Earn1KaDay.com and Instant Cash Generators.

Or think outside the box. I just saw a genius of an idea. A member of one of the popular forums made a post today. He’s offering a prize for the best product ideas, he’s giving something like $500 away total for the 10 best ideas. Very generous, right?

And people are lining up to give him ideas, hoping to collect as much as $100. What does the guy giving away the money get? Just probably ideas worth thousands upon thousands of dollars, and in return for awarding the prizes, he stakes claim to the ideas.

If he outsources all those project ideas, not only did he not do any of the work, he didn’t even come up with the ideas! All he did was spend $500 for them. Can you imagine that? Pure genius, I say.

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When I first set up Earn1KaDay.com which is a membership site which helps Internet marketers increase their income, the first business model I concentrated on was what I call Mini Money Sites.

With the MMS approach, we build small clusters of pages for a specific small niche using special software and a framework which the members have access to, and typically set up a site to drive traffic to eBay using affiliate links.

There’s more to it than that, but it’s an easy thing to do once you have the tools and go through the videos inside the site.

When I was getting ready to shoot the videos, I asked the members for a suggested niche, and I suggested 8 or 10 possibilities. The one that was voted on was a guitars site.

As part of shooting the videos, I actually did all the steps that I teach, and even though the site didn’t do all that well in the beginning I’ve been tweaking it a little here and there to see if I could get it to make some money.

Normally on a site like this if it loses money in the beginning I just ditch it, but I had some pride invested in this one because it was so public, so I kept it running.

The software we provide uses cookie cutter methods to build the site, but I tell my students to do things like replace generic parts with unique articles, maybe add a blog to drive traffic, that kind of thing, to make it a real site. Nothing that will take a lot of time, and in fact I suggest they spend very little time on a site like this until it proves to be a “winner”.

One thing I did with the sample guitars site was have some articles written and plugged them in. Time to do this for me was maybe half an hour since I had them written for me, at a cost of around $100.

Last night I took a closer look at the profits from this site, and so far in August, through the 18th, I had a profit of $46.00. Not a lot, but so far I’ve gotten most of my traffic by paying for it with AdWords. So, for an investment of $59, I made a profit of $46, even Warren Buffett would be impressed.

What I could do now is start doing things to get free traffic. I could use some of the articles I bought and submit them to article directories. I could, like I mentioned above, set up a blog and write some content that way, and using the standard built in pinging ability of WordPress, get some traffic that way. I could put up a lens or two on Squidoo about the topic.

All these things would take time, but would have long term positive effects for my site.

The other thing I could do soon, if the income continues, is sell the site. Actually it’s a bit early to do that, because the income has been increasing. In July I only made $30, so far in August I’ve made $46 in 18 days, so maybe we’ll double July’s profits. Ideally I’d like to get the profits up to around $150 for the month.

At that point I would have a decision to make. Should I invest more time to keep the profits increasing? Or should I sell the site?

Selling sites, or “site flipping” is another business model we talk about at Earn1KaDay.com Typically an income producing site will sell for 6 to 10 times monthly income, but if the income is increasing at a good clip, you’ll get on the high end or more for it.

So, if income goes from $30 to $60 to $100 to $150 to $200 over the period of 5 months, you have a pretty attractive site to offer. That kind of history could easily get you $2000 to $2500 cash.

Would you sell a site with increasing income like that? Many would. It took me a couple hours to build the site. And an hour or so to add the articles that I bought, I did have the $100 investment in the articles. And to get it from where it is now to where it’s earning $200 a month might take a few more hours of submitting articles to directories, and maybe a few more hours to set up a blog and write some posts.

But that’s all it would take. Let’s say at the most I would spend 20 hours in developing and tweaking the site. With that, an investment of $100 turns into maybe $2000.

If you can build 2 or 3 sites like this a week, you can start building a nice asset base. I mentioned yesterday that one of our members built 20 of these sites in a week. That was just the initial building, he would need to spend more time tweaking them if his goal was to resell, but that shows what can be done.

If you know how, and if you have the tools, and if you have the motivation.

It is so easy to make money through Internet marketing, it can make your head spin.

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