There is a lot of hoopla being made about product launches right now and that is because Jeff Walker is getting ready to release his Product Launch Formula 3.0. He is talking a lot about these million dollar launches and while you might not be making that kind of money, you still should know whether your launch could be considered a success or not. Let's take a look at the factors to consider besides just the total amount of money brought in.
One thing that you have to realize is that these experts are talking about revenues, not profits. When someone is talking about making $40,000 per month or $1 million per launch, take it with a grain of salt. How much are they spending to make that amount? With a typical product launch you are going to have a lot of expenses. The first is credit card fees, which account for 2.5%-4% of your sales. Affiliates can take the biggest chunk, with some programs offering from 50% all the way up to 100% these days! Of course, you have to actually pay for the product to be made, either with your own time or by outsourcing. If you do a physical product there are shipping and fulfillment costs. Plus there are the customers who want refunds and returns, which unfortunately can come in around 5%. If you take all of that into consideration those revenues get dwindled down quite a bit to the point where the final profit can average around 25%-35% of the total sales.
How else can your product launch be considered a success if it doesn't reach the $1 million mark in revenues? The answer is simple, don't just focus on the short-term. With each launch you build a bigger list of (hopefully) happy buyers. You can then market to these buyers later with updated, revised, or similar products. Even if someone didn't buy, they should have been added to a free email list. Did you pay a lot out in affiliate money? While that might hurt your bottom line this launch, you made a lot of partners happy who will then want to promote what you are selling in the future.
Each launch builds on the previous launch. It doesn't matter what niche you are in. A successful product launch will help you build towards the next, and the next, and in no time at all you will be making big money yourself. Maybe even one of those million dollar launches.
These days there are a lot of people suffering from job losses, cuts in pay, and the elimination of perks and bonuses. If your regular job is leaving you a little short on cash then take a look at a few ways people can make extra money online. The best part is that you can make this extra dough while working from home.
1. Freelance Writer - Do you have a passion for sports, finance, politics or anything else? If so, then most likely there is a well-established blog in your niche. Larger sites are always looking for talented writers to add fresh content to their sites. Best of all, you can do most of your writing without ever having to leave the house. You can find these writing jobs by searching the popular blogs in your niche and contacting the owners. You can also post a job description on craigslist or see if anyone has posted anything on Elance.
2. Start Your Own Blog - If you are really motivated and like to write, then consider starting your own blog. It's one of the least expensive businesses to start since all you need is some hosting, a domain name, and a lot of passion. Take a look at our how to start a blog post for more information.
3. Designing Websites & Logos - Are you talented with Photoshop or Dreamweaver? There is a lot of money to be made in designing websites for local businesses. If you live in a metropolitan area then there is no shortage of small businesses looking to cash in online. If you can design a site for them and help them market it then you can be in for some big money. If you don't want to find customers yourself, Design Outpost and LogoWorks are two sites that bring them to you.
4. Sell on eBay - One of the fastest and easiest ways to make extra money online is to sell stuff using eBay or craigslist. You can make hundreds or thousands of dollars by getting rid of your unwanted goods. Books, video games, clothes, and sports equipment are all hot items. You could even take it one step further and sell other people's stuff online and take a commission for doing all of the work.
As you can see, there is no shortage of ways to make extra money online while working from the comfort of your own home. Try any of the above methods out and you are sure to pad your bankroll with some additional cash in no time at all.
There is a LOT of money to be made on the Internet. That's pretty obvious with the value of sites like Amazon, Google, Facebook, and eBay, but how does the normal person get their own share of the online money-making pie? The simplest and easiest way to do that is to find a topic that you are interested in and then create a blog covering that niche. The key is your level of interest. You don't have to be an expert, you don't have to be a guru, you just have to have a genuine interest in what you are writing about. Anything that you do not know, you just have to have a willingness to learn and to do your research. If you have a question then more than likely other people are also asking about the same thing, so provide a post with an answer. Search engines will find your post, index it, and help drive traffic to your article by referring those people who want their question answered.
Once you have the traffic, now you can start making some money off of that traffic. The key here is advertising. The easiest way to start selling advertising on your site is to use Google Adsense. It is 100% free and easy to use. Google will display relevant ads on your site based on the content and you get paid when users click through those ads. Google then sends you a check every month without you having to worry about getting paid from several different advertisers. Once you start building up a readership you can also try selling direct ads or contextual ads to make even more money with your advertising. Moving past just straight advertising, you can try selling products on your site and get paid a % of the sale without having to worry about accepting payments, filling orders, or providing customer service. This is the beauty of affiliate programs.
So much money can you make with your blog? That question depends a lot on the amount of effort that you are willing to put in and the niche that you decide to cover. Topics covering money and business do a lot better than ones that focus on low-cost items. I've seen sites that generate over $150,000 per month, but realistically if you are willing to put in a few hours a day you could be making more than four digits per month in 8-12 weeks. If you are lucky enough to earn enough money off of your blog that it becomes your full-time job, then you can start enjoying working from home. The freedom it provides is unbeatable as you can set your own hours and be your own boss.
The key to making money on the Internet is to get started NOW, not waiting around for the perfect opportunity.
One thing that I have quite a bit of experience with is building membership sites. Paid membership sites can make a lot of money if you provide specialized knowledge in a well-packaged format. Membership sites provide a dependable income stream each month because members pay a recurring fee to maintain access.
Too many people wait until they have created a massive amount of content before releasing their membership site. That's not totally necessary as you just have to get started. The longer you wait the harder it is to get yourself to complete the content. If you get subscribers paying right away not only do you make money up front, but you also have the motivation to continue due to the return on investment from your time.
You will see most membership sites include something for free. This can be either a free section of their site with basic material or it can be with a free trial period. I like the free trial period myself. Give the user seven days to explore your premium content to see if it is something he would be interested in and if not then at least you have a lead that you can market to in the future.
There is a lot more to building a premium membership site and Yaro Stark has put most of the information together with his Membership Masterplan. He goes over the software required, how to accept payments, affiliate programs, pricing, and more. If you want to know how to deal with launching your site and how to maintain your members then you really need to read his report. Did I mention to you that it is totally FREE? Download it now and give it a read.
One way that you can make a lot of money online is by selling your own products. Do you have a particular skill set or are you knowledgeable in a certain niche? If so then you might want to think about creating your own information product. These days you can do more than just write an ebook (electronic book), but you can also create an audio or video series as well. Most of the time these richer media formats are available as an upsell. Just keep in mind selling a product that you create yourself isn't quite as easy as affiliate marketing because you have to actually take the time to create something of value.
The price that you sell your information product for is going to depend on your niche and just how much information you are giving to your buyer. If you have a 10 page report, don't expect to get more than $20 out of it. If you stretch out your ebook to 200 pages, then you can start to charge higher prices. I've seen people who sell hours of training videos for $2,000. These guys make a LOT of money without having to sell a high volume. One thing that you have to consider is the amount of time that it is going to take you to create your product and how many subscribers you have. Don't waste weeks of your life building up a video series that nobody is going to ever hear of. That also brings us to our next important point.
Make sure that you set up an affiliate program for your product and give away a healthy percentage of sales to your affiliates. I've seen successful markets give away 100% of the profits from their ebook to affiliates just so they can upsell the lead down the line. You have to at least give 50%-70% if you want to attract the real producers. This will help you build up your list so you can push additional offers to the subscribers at a later date. If your product is of a high quality, you will have built up a tremendous amount of trust with your list.
It is important to use different money making strategies on your site in order to maximize your revenues. Do not make the mistake of relying exclusively on banner ads as you will only limit your income. One of the best advertising methods for driving directed clicks is to use contextual ads. This is the practice of converting certain keywords to outgoing links, either with direct advertising where a sponsor pays you a certain amount for their desired keywords or with affiliate marketing where you choose what words match the offers of the products you are promoting. Either way contextual ads should do a good job of converting as long as you place them on the appropriate keywords.
You must continue to offer value to readers by only using relevant sites for your keywords. If the reader is interested in a certain keyword, then you want to deliver for them what they are looking for when they click through to the other site. Delivering relevant products for your users will help to build trust, and increase the chance that they actually convert on the site that you link to.
Advertisers love contextual ads as well for the same reason. They know that they clicks they are getting from your site are highly directed and come from people generally interested in what they have to offer.
One great way to use these ads on your site is with MBP Ninja Affiliate. All you have to do is enter the keyword or keywords that you want to link out to, and the plugin will automatically find the matches in your posts and convert that text to the link you provided. It's extremely easy to use and will help you get started making money with contextual advertising.
One of the best ways to make money online is with affiliate programs. You don't have to have a site with a large audience to get started, but if you do then you can earn a higher percentage. In most cases, you just sign up for a program, find some banners or text ads that interest you, put them on your site, and hope to start referring visitors in the hopes of earning dollars. Of course, there are better ways of going about affiliate marketing and that is why I'm here to help with my tips on making money using affiliate offers.
Use Relevant Products and Services
You have to match what you are offering with the needs of your audience. If you have a site about running, then offers dealing with running shoes, heart rate monitors, and races are going to be a better fit with your audience than web hosting companies would be. The more related the offer is, the higher conversion rate you are going to have. If you are trying to sell your readers irrelevant garbage, they will see right through it and you are going to harm your relationship with them. This brings us to the next point.
My affiliate offers seem to work best on readers that I have built up a relationship with. When they are reading what I have to say for a few months, they are a lot more likely to believe that I am offering them a solid product that will fit their needs rather than if they just stumbled upon my site. That is why when you are using auto-responders, do not get too pushy up front. Instead, wait until the reader is comfortable with you before you do much selling.
Too many people worry about how many visitors they can get without focusing on the quality. If you have a hosting review site, you might get a lot of visitors for "free" hosting keywords, but those people obviously aren't looking to buy. Instead, focus on the keywords that Adwords advertisers are paying a lot for, because you know they convert to paying customers.
Banner blindness happens. Users start to completely ignore banner ads on sites. If you just put some banners up and hope people are going to click through the chances of it happening are slim to none. If you are writing a review about a company or product and use text links, the chances are a LOT higher they are going to click through. Incorporate the offer into a relevant article and I think you'll like the results that you see. That is one of the reasons I think MBP Ninja Affiliate is such a great tool. You can just enter the keywords you want to use your affiliate link on and it will replace them all for you.
There is a lot of money to be made with affiliate marketing. If you haven't been getting the kinds of returns you had hoped for or expected to find, try some of these tips out and let me know how it goes in the comments.
If you are trying to make money online by selling advertising then you should be trying to take advantage of direct ads. Many site owners make the mistake of going through a broker and these ad networks can take up to 50% of the money that advertisers are willing to pay. Why not pocket the whole amount yourself? You also will have direct contact with your advertiser so you can build a better relationship with them, plus you won't be limited by the brokers payment options.
The main reasons site owners do not list private advertisements on their site is a lack of knowledge or they do not think they can find advertisers on their own. Let's take care of those issues with this article that is designed to cover what you need to know before offering direct advertisements on your site.
You want to give potential advertisers all of the information that they need before making a decision on advertising with your site and to do this you will create a specific direct advertising page. You will want to try to sell them as much as possible on the benefits your site has to offer. Make sure to include the following details:
List both pageviews and unique visitors and break them down by day, month, and year. If you add a graph to display this information it can make the data easier to read and understand. RSS Subscribers, newsletter subscribers, Facebook fans, and Twitter followers are other metrics that could also help.
What type of ads are you willing to sell? Be clear and concise here. Do you put a nofollow tag on their links? Let the advertiser know beforehand.
If you aren't going to allow certain types of sites to advertise with you, then list that information here so you don't waste anyone's time. Some common prohibited sites are: adult, gambling, made-for-adsense, hate, and the list goes on.
Make sure at the end of your page you clearly list your contact details so potential buyers can get in touch with you for more information. Don't just list your email address, but if you are comfortable with the idea, add your phone number as well. Deals get done quicker over the phone.
You should link to your direct ad page somewhere prominent on your site to draw interest. I would avoid putting your advertising rates on the page because you can lose buyers if it is slightly above their price range. You want to be able to negotiate the best deal.
If you have any other tips on selling direct advertisements then please add them to the comments below.
It doesn't matter how many people end up visiting your site if you don't engage the visitors with killer content. The old adage "Content is King" applies today more than ever. Search around for the most popular blogs or sites in your niche. You won't find any of these sites producing low quality content, and if they do then let me know about it so I can hop right in and take advantage. But, what exactly goes into killer content? Let's take a look.
1. Develop Goals - What do you want to communicate? Once you decide what you want useful information you want to provide to your readers, you should do it in an engaging way. You also want to say what you are trying to say in the simplest possible terms.
2. Appearance - Don't use long paragraphs, in fact, keep them to around 100 words if possible. Use headers and bullet lists if applicable.
3. Update Often - You will want to set a schedule for your post releases. I recommend doing it at least once per week, but some my sites have at least 10 new pieces of content released each day. Whatever you decide that you can handle or that you can afford to hire a team to handle, stick to it.