You won't earn huge internet income through home-based business overnight, that's for sure. However, the concepts I share with you here, I believe, will take you much longer time if you were to learn it outside. Here, I will share with you the blueprint on how to get-rich and one practical strategy you can apply in your life today. This article will be pretty lengthy and if you are ready, let's read on.
Money comes from value created
I am sure you know this. The more value you create for people, the more money you earn. That's simple. A doctor earns huge paycheck because he helps to clear the blood vessel of a heart patient. A lawyer saves someone else as* in jail for 5 years.
Those with low income usually have positions that create useful, but not so important value in people. That's exactly how the "study hard and be a lawyer" theory set the standard among our parents on their definition towards "success", which leaves many surrender themselves towards becoming rich and successful because they didn't do very well academically.
Leverage : key to massive wealth
Do you believe rich people are rich because they have some sort of "ability" that create massive amount of money? Yes they do have it, but its not the value they can create for other people. It is the ability to leverage on their value.
Lets consider the career of a person who writes instructions on how to use a particular software (or similar). When he wrote it once, how many times he is paid? The answer is once. Everytime he writes something he is paid. When he stops writing, his income will stop.
What is he writes a instruction manual that compiles all the usage of different software into a book and publishes it? For every copy of it sold, he is paid a small fee. Therefore, he only has to write it once and for every copy of the book sold, he is paid a fee for the rest of his life.
And lets consider the job of a private tutor who gives tuition to one kid. How can he possibly increase his income? He can do it by giving tuition to more kids at the same time, creating a class. So by using the same amount of time, his value is magnify over to many kids.
You must find a way to answer two questions: "How can I do it once, and get paid over and over again?" and "How can I do it once, and reach many people at the same time?". That is, find a way to leverage your value. In any career you are in, there is always a limit you can earn if you don't find ways to leverage your value.
Affiliate Selling : The easiest way to create leverage
You must be saying "You mean I have to WRITE a book to leverage my value?" or "You mean I have to create a business to create leverage?". Yes I understand that it could take months or even years to do so.But I am going to share with you a home-based business model that allow you to do so instantly through affiliate selling.
Affiliate selling is selling third parties products on the internet and earning a commission from it.
- You drive visitors to sales page
- The visitors buy
- You earn a commission per sale
And the commission I referring to is not a small (and mean) 5% but can get up to a whopping 75% of the product value! For example you earn $27 per sale if the product costs $36 (if the commission if 75%) and refer 100 of them a month will earn you a nice $2700, which I believe is pretty decent considering that you only drive buyers to the sales page. (if you paste the buy link to your friends on instant messenger and they buy, you earn a commission!)
And now the question comes, how do drive visitors to the sales page? Hundreds of ways exist but I will share with one simple strategy to do so. It is through writing information. Information is what makes up the whole internet. If you could produce quality information (sales letter, product reviews etc), you will make a good living on the internet.
For affiliate selling, you can write a powerful review and post it on the internet. You simply need to write it once, and it can work for you many times as a powerful virtual salesman promoting the product. Have you see the leverage in affiliate selling?
Of course! If you don't like to write, there is other methods you can use to promote the products. The bottom line is through internet, you can really create lots of leverage in your value.
I want to make $1,000,000!
We all want to make one million. Lets see how affiliate selling can make you one million soon. Lets assume that in each month, you spend your spare time promoting one product and for every product you promote, you create one income stream of $350 (writing information, forum marketing, internet advertising etc) and you do it for 6 months.
Month #1: $350
Month #2: $350 + $350 = $700
Month #3: $350 + $350 + $350 = $1050
Month #4: $350 + $350 +$350 + $350 = $1400
Month #5: $350 + $350 + $350 + $350 + $350 = $1750
Month #6: $350 + $350 + $350 + $350 + $350 + $350 = $2050
...
No question that there is no certainty in life (products you promoting may lose popularity, sales copy cannot convert sales etc). But by working hard towards this model, you will be much closer to financial freedom than "study hard and get a good job" but leaves the other half of the equation blank.
End
You have seen how affiliate selling can create leverage to your sales effort by making it do once, work many times for you.
I believe I have spilled the beans of making money on the internet with most others don't (All get-rich e-books I have seen don't even mention about the idea behind their product). It always comes down to two path when creating any form of income: you work hard or you don't.