I Want To Know How To Convert Ideas Into Money
HOW TO TURN IDEAS INTO MILLION DOLLAR BUSINESS
We are living in the most exciting times in human history.
Today it is very humanly possible to build a multi-million dollar business empire right out of your laptop – and with nothing more than some ideas.
That’s right. You probably don’t realize it but chances are, you already have some ideas worth millions just waiting to be materialized!
WHY SELL DIGITAL PRODUCTS?
- High profit margins. You only need to create your digital product ONCE and it can sell many times over. You can make close to 100% profits, something that is unheard of in any other businesses. I say “close” because there are usually transaction fees involved but it is so small it is negligible.
- No inventory. With your products digital in nature, there is absolutely no need to rent an office, warehouse or shelf space.
- Low overheads. You can start this business solo and as you grow, you can outsource day-to-day operations to Virtual Assistants (VAs) in the Philippines or recruit a small team. Quite simply, you can magnify your results by 10X to 20X while keeping costs to a minimum.
- Can be automated. Your customers can access your product after they make their purchase without you being involved in the process, making it possible for you to make money even while you sleep!
STARTING AN ONLINE BUSINESS IS THE BEST THING YOU CAN EVER DO… BUT MORE THAN 95% OF THE PEOPLE DO IT WRONG…
The biggest mistake you – or anyone – can do is create a product that NOBODY wants.
Years ago, I spent six months creating a website only to get less than 40 members joining it (and they all left three months later)
The secret to making HUGE incomes with your product is to know what your customers are looking for… and are READY to PAY for it.
So instead of gambling on the merits of your ideas, it makes sense to follow what I call “The 3M Formula”:
– MARKET: Who are your customers? What are the problems they are facing? What are the goals they desire?
– MEDIUM: Where do they hang out? Can you reach them in the most cost-effective way possible?
– MESSAGE: Why and how your solution is going to help them solve their problems or achieve their goals
Quite simply: the first thing I do is find out the problems my target audience are facing, and then I create the product to address their problems.
BUSTING THE #1 MYTH: “I NEED TO BE AN EXPERT FIRST”
When it comes to selling information and digital products online, most people have pre-conceived notions like:
“I must have a flair for writing.”
“I must be an Author.”
“I must possess high-level technical and IT skills.”
“I must be an expert.”
These cannot be any further from the truth.
Believe it or not, there are many business owners making high six, seven… even eight figure businesses… yet they’re just average at writing and possess no more than basic computer skills.
The truth is: you DON’T have to be an expert to succeed in this business. Often times, you need only a decent command of English and at least basic computer skills to get to places.
And being an expert? Well, what if I told you that is simply a matter of perception? The same way you perceive some people in your life to be go-to experts, mentors, teachers, gurus, celebrities, and even authority figures. Did they all get a cert to annoint them in their position?
Look, you don’t need to wait to be validated by others to become an expert. Ultimately, your customers are looking for solutions to their problems, or ways to get them closer to their goals. As long as you can show results, you can make bank.
In my personal definition, an expert is simply someone who knows at least 5% more than 95% of the people out there. So there you have it!
HOW TO FIND PROFITABLE IDEAS AND PRODUCTS THAT ARE ALREADY SELLING LIKE GANGBUSTERS
I always believe that success leaves clues.
And there’s no easier way than to find out what is already selling like hot cakes out there. Here are three popular online marketplaces I go to all the time to spy on what’s selling (and what’s not):
– JVZoo. Even though it’s just a few years old, JVZoo is becoming one of the fastest growing (if not the fastest) marketplaces for digital products. If you can get your offer awarded “Pick Of The Day”, JVZoo will recommend your product to its vast network of buyers and what this means is you can count on making an extra few hundred sales at least!
– ClickBank. The longest running digital marketplace, ClickBank is most ideal for finding and listing niche products on various topics. Its network is crawled by hundreds of thousands of affiliates from around the world, looking for products to promote. That can very well be yours!
– WarriorPlus. Originally part of WarriorForum, the oldest online marketing forums, Warrior+ is an independent marketplace for digital products and ideal for selling information products.
So I find out what is already selling well, what the flaws of the top selling products are, then I come up with my own offer.
I add in 1-2 major improvements and market it. This beats reinventing the wheel, as you already know people are actively looking for and buying some products in particular.
HERE ARE 4 POPULAR WAYS TO CREATE YOUR HIGHLY IRRESISTIBLE OFFER
- E-Book. By far the easiest digital product to create. You can take what you already know, fire up your Word program, be in business with it… And you don’t even need to a publish a book! (In fact, it is A LOT MORE profitable to sell information and digital products online because conventional book publishing is actually a losing business)
- Video. If writing is not your cup of tea, here is a faster way to create your own content. In fact, videos outsell e-books 3-to-1 in certain marketplaces!
- Membership Site. This is my favorite #1 method to earning massive, passive income. How would you like to get the same buyers this month pay you again the next month? And the month after… and again… and again… for work done ONLY ONCE!
- Software. This is a huge money-maker. If your software or app can solve mundane jobs or specific problems through elimination or automation of sorts, you’ve hit a home run. Many online millionaires built their wealth on software and apps.
Now there are a couple of ways you can go about doing this…
You can do it yourself. However it will be at the expense of your time, energy and opportunity cost.
Or you can consider letting me and my team do it for you. In fact, we offer a range of ‘done for you’ solutions for our VIP clients.
If you want to explore the opportunities on how you can work with me, or how we can do all of these for you then…