Suppose you can give free access to a class to everyone.
And suppose that by giving the course, you can earn $ 10,000 a month.
Interested? Here’s how a guy (we’ll call him Jim) does exactly that:
Jim has created a comprehensive, comprehensive course for beginners who want to start an online business.
Mind you, he did not create it from scratch. Instead, he took the best PLR he could find and converted it into a massive course that teaches people all the major methods of online marketing, such as PPC, Affiliate Marketing, list building, website redesign, Amazon, software sales and the creation of information products. , blogs and so on.
In the course, he understands the basics of each method and encourages his students to choose a method and get to work to grow their business.
Then, for each method, it promotes an affiliate link for the “best” in-depth course in each category.
Now pay attention to the following – it only promotes recurring courses. In other words, courses and membership-type sites billing month after month.
Thus, when he makes a sale, he will continue to be paid as long as that person remains a member.
This becomes even better as it also promotes related products such as web hosting, answering machines, and so on. Anything that makes sense, that works and that bills every month is a product that is likely to promote.
And he does not even stop there. He also creates his own recurring courses on each subject. Once he has completed a course, he puts it online and then changes the corresponding affiliate links to his own course.
He likes to make each course a fixed term, six to eight months for example, because he found that students tend to stay longer and pay more when there is an “end” in sight.
And of course, in each of his courses, he promotes the corresponding products that help his students grow their businesses better and faster.
He does all this by first establishing a trusting relationship with his list, showing that he knows what he is talking about and defending the interests of the reader and teaching.
Creating trust is crucial, and it’s very easy too. When you tell your readers the advantages and disadvantages of any method to earn money, they start to trust you. Remember, most marketing e-mails for professional online products only tell subscribers how great something is. They do not say what is not so great. But he always gives his opinion, both good and bad, and because of that, people love him, trust him and do just about everything he says to do.
Thus, as he embarks on the promotion of affiliate links, his readers take his suggestions into account without hesitation.
I know he earns at least $ 10,000 a month with this method and, frankly, he does not work very hard either. The main thing he focuses on is to continue to attract new people to his free class, knowing that he will eventually make one or more sales to many of them. And when he does, these sales will be recurring.
It’s an excellent business model that almost anyone can duplicate. Remember that your target market is beginners and those who have not yet had much success in their online activities.
And you can monetize even more if you want, by promoting special offers for your readers, who have been with you for long enough to trust you, and by selling solo mailings to other marketers.
One thing – if you decide to sell solo ads, I suggest you only send ads to subscribers who did not buy them. It’s a way to monetize your non-buyers, without hindering or losing any of your customers.
You may be wondering now: how do you give your class? The fastest way to do this without relying on other list owners is to set up a funnel in which you generate paid traffic. Ideally, the funnel will dissolve automatically, making it cost effective. And you can do this by advertising for your free course and then having a backend product that allows you to break even.
Make sure your backend product is a great product with exceptional value, and everything will be fine.