Today I want to talk about filthy lucre.
Well actually it’s night time for me, because as I write, it’s late. But I just had to finish it before I wander off to the wonderful land of nod.
I want to discuss the issue of business models. If you want to create enough cash flow to quit your job, it’s vital that you get this right.
I was one of the lucky ones. I made the right decision when I started my online marketing career. Or was it luck? In reality, it was more about a good thought process which led to a sound and sensible decision.
A business model refers to the type of business you are evaluating. When I was evaluating different businesses, I asked these questions:
After looking at various options and thinking about my goals, it became much clearer for me. So, my ideal business model ended up looking like this:
Of course, your criteria may look different to mine, but what you see is exactly the shopping list that I put together in 2006.
In essence, I chose to market big ticket products from the get-go. The primary reason was based on the likely cash flow from this type of business model when compared to most other options.
But before I came to that conclusion I looked at the cash flow profile of other home business models and programs. For example:
After thinking about this for a while I came to one simple conclusion – none of them would fit.
For instance, developing my own info products would take a lot of time, and I didn’t have a clue about niches and topics. I could see that I could be spinning my wheels for 6 months or more, without making a single, solitary cent.
Offering services such as a consulting service was another option, as stated. But I couldn’t satisfy myself that I had something valuable to offer, and had no idea how to find clients online. I reasoned that it might take me six months or more to sort all of that out, and I still wouldn’t have a client.
And as for traditional affiliate marketing, the least said about it the better. If you can do basic maths you can readily see that receiving commissions of $20 a sale is a one-way road to bankruptcy. It just didn’t stack up.
And then we have MLM or network marketing. I’ll spend a bit more time on this one because lots of people join various programs. But the question is, ‘does it stack up?’
After attending many sales presentation for various companies I decided that networking marketing (or MLM) wasn’t my cup of tea. Here is why:
Either way, if you’re in one of those MLM programs, it’s probably one of those BED deals
You work your ass off for X years and maybe you’ll crack the big time. That’s the dream. But here’s what happens….
Most people give up before they make it. In fact, only around 1 percent of people who join these programs ever reach the top of the pay plan. Not good odds.
Apart from the fact I don’t like the way traditional network marketing companies do business, the economic reality is that if you want to replace your current salary, the chances of doing it quickly are remote.
My situation was quite clear – I needed money NOW. Not in 5 years time.
That’s why I LOVE GPT
I’ve made over a million bucks promoting GPT programs.
I do the work, someone joins, and I get paid. But not $15, not $27.50, not $38. I get paid at least a $1,000. Like that idea?
Click the banner here and get some more information:
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What are your favorite ways to make money online’?
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I've been an online marketer since 2006. During that time I've learned alot and made a full time living from month 1. I established this site to share my knowledge with you. Who knows - maybe you will change your life, just like I have.