As you’ve by now discovered from the preceding two paths to wealth, the money is not in your products… it is in your list. And the easiest cash you’ll ever make is by simply selling more products and more costly products to your existing customers (i.e., sell on the “backend” of your own business).
Wise marketers invest huge amounts of time creating their sales funnels (backend sales systems). They know the challenging part is acquiring the prospective client to the funnel – but as soon as the prospective client begins buying, they will continue to purchase provided you’re resolving their problems and providing them with a fantastic purchasing experience. And so savvy entrepreneurs are constantly coming up with completely new ideas, creating brand new products, and figuring out ways to turn their current clients into repeat buyers.
Now imagine if you can sell a product to your customer once… and then do this routinely every month after that, with no extra persuasion on your part. Would that make it easier for you to run your business? And would you be able to make much more money? Yes and yes! Fortunately, there already exists a way for you to attain backend income automatically and easily. Specifically, by making a monthly membership site.
Here is the idea – rather than selling something new to your clients every month, you create a membership website with a fee every month. Your customers are billed automatically. And all you need to do is update the site every month. You may also outsource this task, meaning you’re earning residual earnings pretty much automatically!
Just imagine establishing a membership website with a $20 monthly fee and getting just 500 clients. Each and every month your payment processor rebills these customers, and you earn another fast $10,000!
Below are just a couple of suggestions for membership websites you could build:
A website that offers a service, such as website hosting. Or you might provide something like sales letter critiques or even college essay critiques.
A site that provides lessons on a subject. For example, you can have a six-month or twelve-month course regarding how to get an internet business ready to go. Or you can provide a course on something like how to do home repairs as well as maintenance.
A site that provides something new every month. Think of Time Life books here or the “Wine of the Month” club. Every month the client receives a new product, and it does not have to be an actual product. It could be a series of related e-books – possibly “how to” nonfiction books, or a “romance ebook of the month” club!
Those are only a couple of ideas. You have no doubt been a part of a few of these websites, such as sites that provide new software to its members each month, sites that offer huge discounts on niche products, websites that offer private label rights (PLR) products to resell, and so forth.
All you have to do to get going is:
1)Choose a hungry niche.
2)Find out what they are already buying and what they desire.
3)Build a membership script and payment processor.
4)Create a squeeze page along with a sales page.
5)And then click here for the details on how to turn this simple idea into cash in the bank!
Social Media Marketing is definitely a very good tactic to improve brand awareness, opportunities and revenue of your enterprise through social media channels as well as by performing visual presentations such as Video Marketing, which induces awareness about the organization and its services and products.
