Category Archives: Income Generation Methods

The Blog Monetization Checklist

While it’s nice to get an eager audience praising you for your wonderful blog, it’s even better when they take out their wallets and support your work with their dollars.

That’s why you’ll want to use this blog monetization checklist to be sure you’re getting maximum profits for your blogging efforts. Check out these ways to make money from your blog…

Define Your Monetization Strategy

First off, you need to figure out how you’ll make money from your blog. While you may use numerous methods, you should have one primary method. Possibilities include:

Continue Reading (only available for IMIT members)

Online Business Models Any Newbie Can Succeed With

You don’t have to have any experience in order to be successful with an online business. Anyone can succeed – even if you’re brand new to working at home because you can learn as you go along.

There are many different avenues you can choose to take to get started. Much of your decision will be based on personal preferences, time available to implement it, and tools you need to launch it.

Here are some examples of income producing business models that you might consider.

Continue Reading (only available for IMIT members)

The Homepreneur’s Handbook

The internet and modern technology have made it easier than ever to start and operate a business from the comfort of home. With the right combination of ambition, creativity, and resources, it is possible to take a concept and turn it into a success. This is why so many entrepreneurs now look to their homes as a source of income-generating business ideas.

Starting a business from home can be daunting for some entrepreneurs, as it often requires significant capital, time, and effort. However, it is possible to discover income-generating business ideas from home with the right guidance and research.

This report explores the various options available to entrepreneurs, the steps needed to turn these ideas into a functioning business, and the risks associated with such an endeavor.

Continue Reading (only available for IMIT members)

$11 Million in 1.5 Years from One Simple Marketing Strategy

Meet Oliver Brocato, the 21-year-old entrepreneur who turned a small box of chocolates into a whopping $11 million within just a year and a half. How did he pull off this sweet success story? Here’s what he did:

  1. Viral Product Idea

First things first, let’s talk about Oliver’s unique product, which he affectionately calls “Tabs” or “sex chocolate.” Picture this: a minimalist brown box containing three tiny squares of chocolate that can be shared with a partner. What’s so special about it? It claims to spice up the bedroom action, enhance sensations, and build sexual excitement. Ooh la la!

Now, whether this “sex chocolate” truly works as advertised isn’t our focus here. What matters is that Oliver recognized the potential for his product to go viral because it was, well, controversial. It grabbed people’s attention and ignited conversations on social media.

  1. The Marketing Magic

But here’s where things get interesting, and it’s a strategy you probably haven’t tried yourself. Oliver hired “UGC creators” to craft TikTok videos showcasing his product and share them on their very own “branded accounts.” What’s UGC? It stands for “user-generated content.”

These UGC creators are often micro-influencers with small to moderate social media followings. Some of them might not even have their own social media accounts; they’re like everyday folks. What makes UGC so effective is that it doesn’t feel like you’re watching a typical ad.

Oliver’s masterstroke was in hiring just about anyone with a phone to make videos about his product. These creators would set up a TikTok account in the brand’s name and post their videos there, sparing the business from managing all that content.

Oliver didn’t give the creators strict video-making rules because, as he wisely put it, “you never know what will go viral.” And guess what? Some of those videos did indeed go viral, racking up millions of views.

3: The Mind-Blowing Part

Now, I know that posting a bunch of product videos on TikTok isn’t exactly groundbreaking. But it’s what Oliver Brocato did next that had my mind doing somersaults.

Those initial videos created by the UGC creators weren’t trying to generate sales; they were all about raising awareness of the product.

When folks on TikTok saw these UGC videos, they started flooding the comments section with questions like:

“Where can I buy this?”

“How does it work?”

And when viewers left questions, the UGC creators didn’t just leave them hanging. They whipped up follow-up videos and used TikTok’s nifty “respond to comments” feature to post them.

Now, here’s the real “Aha!” moment:

When you post a video responding to a comment like this, it doesn’t just disappear into the ether. It gets shown to the same folks who watched the original video. Yeah, you read that right.

Let’s say a cool 2 million people watched the initial “awareness” video. Those same folks would also catch wind of the follow-up video, answering the commenter’s questions.

It’s like free retargeting and social proof bundled into one mesmerizing strategy.

I feel compelled to say that again…

It’s like free retargeting and social proof bundled into one mesmerizing strategy.

Honestly, this approach seems way cooler than your run-of-the-mill TikTok ads (the ones most people casually swipe past). When a brand pops up to answer a viewer’s question, it doesn’t feel like an ad so you’re more likely to stick around and watch.

Plus, when people see others getting curious about a product, they can’t help but get curious themselves. Fear of missing out, anyone?

Just to drive home how powerful this is, Brocato spilled the beans about one of their “awareness” videos going viral on TikTok. It snagged a cool 30 million views and brought in $40,000 in sales. But here’s the kicker: After several follow-up videos in response to viewer comments, their sales skyrocketed to $130,000 within days, and they hit seven figures in sales for that month.

Mind = blown.

4: Making It Work for You

After learning all this, I couldn’t help but wonder how I could unleash this strategy in my own biz.

First, where do you find these UGC creators? It turns out there are over 4,000 UGC services on Fiverr, starting at just 10 bucks and going up to over a hundred per video.

And TikTok’s got its very own Creator Marketplace, where you can hunt for video creators, shoot them collaboration invites, and track the results of your campaigns.

But I get it; not everyone’s rolling in dough to hire creators. I mean, I’m all for spending smartly on tasks that’ll boost my business, but my inner penny-pincher kicks in too.

So, I’m thinking, why not try making these videos myself to test out that “respond to comments” feature?

Who knows, I might just surprise myself.

 

 

 

How Brett Turned $29 into $1.3 Million

Meet Brett, an everyday guy who’s changing the game with his unique approach to online business with his company DesignJoy.

Working as a graphic designer, he realized there had to be a better way to work with clients so he set out to find it. Here’s what you need to know:

The Common Misconception: Talent is Everything, Right?

Well, not quite. Many believe they can step into an industry they know nothing about, just like Elon Musk, and revolutionize it. But that’s not the whole story. The truth is, most of the time, success is a product of consistency, not innate talent.

Learning the Ropes: What Brett Did Right

Brett didn’t wait around for credentials or permission. He didn’t need tons of capital or a massive team either. He started small, with a mere $29 landing page, and launched his idea on Product Hunt – all while still working his 9-to-5 job.

The Power of the MVP (Minimum Viable Product)

Instead of guessing what his clients wanted, Brett collected real-world data. He built his service in public, tested assumptions, and iterated based on what he learned. This approach drastically reduced guesswork and accelerated his success.

Speed to Success

In the online world, the speed of value delivery is crucial. Brett understood this and applied it to his business. While traditional design agencies took weeks or even months to deliver, he slashed the time to just 48 hours or less. It’s all about delivering value as quickly as possible.

Productizing Your Skills

Everyone wants to create the next Tesla or Apple, but that’s a tough feat. Brett took a different route. He transformed his skills and knowledge in design into a service-based business with low startup costs, low overhead, and no inventory or employees.

The result? Nearly $100k in profit per month, with just $176 in monthly expenses.

Keep It Simple, Stupid (KISS)

Brett’s tools are surprisingly simple: Trello, Airtable, Webflow, Figma, Shutterstock, and Zoom. He keeps it straightforward so that anyone, even those unfamiliar with design, can understand his process.

Remember, simplicity can be a key to success.

Meetings: Less is More

Brett made all client communication asynchronous, minimizing live meetings. This approach allowed him to focus on high-value tasks and protect his energy. While your customers may require more interaction, the principle remains: Keep live meetings to a minimum.

Positioning Beats Talent

Brett admits he’s not the best designer out there, but that’s not what sets him apart. It’s his positioning and offer. He thinks of business model as the Netflix of design, offering unlimited requests and revisions; a rarity in the industry. He’s created a unique value proposition that stands out.

Solve Your Own Problem, Then Share It

Brett packaged his knowledge into an online course filled with frameworks, mental models, and strategies. He’s part of a growing movement where successful individuals openly share their secrets to help others. It’s about providing value and helping others succeed.

Referrals: The Rocket Fuel

Brett swears by referrals as the number one growth tool for DesignJoy. His secret is having a stellar product that people can’t help but talk about. Notably, big clients like Dave Gerhardt have become advocates. Moreover, they introduced a refer-a-friend feature that brought in $1500 on its very first day.

Brett credits Rewardful for simplifying the process of setting up a legitimate referral system, allowing affiliates to start referring immediately.

Pricing for Prosperity

A recent strategic move involved raising the monthly prices for each tier by approximately 50%. While the primary goal was to manage growth and workload, the result was twofold: Increased revenue and attracting higher-quality clients.

It’s a testament to how pricing strategy can shape a business. (Is it time you raised your prices?)

Timing Is Everything

Brett’s got an amazing talent for spotting trends before they become the next big thing. Take, for instance, the rise of Webflow. Brett saw this and decided to make DesignJoy a major player in that arena. It’s impressive how having foresight and perfect timing can launch a business to new heights.

Side-Project Magic

Brett’s side project, Scribbbles on Gumroad, has turned into a goldmine of traffic for DesignJoy. This demonstrates how diversifying your entrepreneurial ventures can have a beneficial ripple effect on your primary business.

Product Hunt and Hacker News: Launchpad to Success

DesignJoy reached $5k in monthly recurring revenue thanks to a successful Product Hunt launch. Next, it also gained some attention on Hacker News, which helped boost its visibility. This goes to show the power of utilizing online platforms and communities strategically.

The Art of Hard Work

Brett openly admits to putting in an intense amount of work and genuinely enjoying the grind. This dedication is evidently paying off. However, everyone has their limits, and it seems Brett is considering bringing someone else on board soon to maintain this impressive growth trajectory.

Solo Founder Strategy

Managing DesignJoy as a solo founder might sound intimidating, but Brett’s approach is straightforward (albeit a little scary). He prioritizes output over client communication, admin work, and emails.

While this approach does result in some churn, Brett believes it’s a worthwhile trade-off. Additionally, there’s a zero-tolerance policy for clients who slow down the process.

However, it’s crucial to note that impeccable output is non-negotiable for this strategy to succeed. Not everyone can do this.

Key Takeaways

Brett’s journey teaches us that being consistent and dedicated can lead to success. He began with small steps, didn’t make things too complicated, and made sure to provide something special.

His story tells us that success often comes from doing regular things well for a long time. So, if you want to succeed like Brett, start small, don’t guess too much, keep it simple, and focus on the important stuff.