Category Archives: Income Generation Methods

$6,000 From Ready-Made Oto’s And Bonuses

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Now here’s an interesting case study.

It’s about someone who profits from something I’ve bought a lot of in the past, but finding good quality ones today is getting harder.

Which is why a coaching student of mine who makes around $6k a monthly from selling these ready-made, plug in and forget OTO and upsell pages, and bonus packages.

Why do I buy these?

Well I test out a LOT of squeeze pages to see what conversions I can get.

And sometimes I don’t have anything that ‘fits’ as the OTO so I want something I can just ‘plug in’ to collect any sales and help cover my traffic costs

Years back the most common upsell or OTO was a huge bundle of ebooks with PLR rights.

They usually converted pretty well and you could buy a ready-made OTO package that you just put your own Paypal button on and uploaded to your site

Creating the product yourself would have been a NIGHTMARE because you had to find maybe 100 ebooks, make sure you had the rights to sell them, list them all on the sales page with nice graphics, descriptions and the rest.

It could literally take days to build an OTO site like in this way.

Whereas for $97 you could buy the whole thing, rights and all, do a bit of linking and upload it to your server in minutes.

Bung it behind your squeeze page and BOOM – instant OTO sales

You don’t see them much today although the premise is totally the same

Creating a product is hard enough for many people so creating an upsell as well is just too much for them.

But NOT having an upsell in any funnel is crazy because you’re leaving money on the table, I’m sure you’ll agree

The answer?

A ready-made OTO or upsell that you can just plug in at the back of your funnel to make sales from.

Which is what my student does.

He doesn’t mess around with ebooks, he find plugins instead (much higher perceived value) and buys the rights to bundle and resell them.

He usually collects around 8 or 10.

Enough to make it an irresistible deal but not enough to make them look too plentiful

Once he’s found them and bought them he sends the details over to his webbie who builds the sales page for him

He themes them together in different OTO bundles too – social media plugins to complement social media products, traffic plugins to complement traffic products and so on.

He makes around $6k a month from these and from the ready-to-go bonus packs he offers too.

You know the bonus offers you see at the bottom of many sales pages?

Grab this now and get this bonus pack worth $197 or whatever – he makes those too

Simple thing I know but SO popular still. You’ve opted in to funnels from different marketers but found many of them have the same backend OTO offer?

Chances are they’re buying from my student.

Great idea eh?

$3,000 A Month From Flippa Sites

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This isn’t anything unique because I know of at least 3 people personally (including me) who are currently doing this.

But it works really well, and if it works who cares if it’s unique, has pink spots or drives a Fiat?

AND and there’s room for many more people to get in on the action too

The technique is simply this:

It involves an initial outlay of usually a few thousand dollars to buy sites that other people are selling on Flippa.com

I expect to pay between $2,000 and $4,000 for the sites that I buy.

I expect each site to bring me a residual monthly income of $500 – $1000 depending on the site and how much I paid for it

To give you an example, one site I just lost out on (was outbid and missed the end of the auction) was based in the diet niche.

It sold for around $4,000, was bringing constant monthly revenue of around $900, mostly from an existing ebook (the ebook was part of the sale), Adsense ads on the site and Clickbank ads.

It was getting over 12,000 unique visitors a month and was three years old so the traffic and monthly income was well established.

It also came with around 3,000 followers from associated Facebook, Pinterest and Twitter accounts that came with the sale.

There wasn’t a mailing list included with this particular site but I especially look for sites that DO have mailing lists because they’re very profitable for me because of my existing business set-up.

It was a good deal at 4k because if the monthly income averaged out at $900 a month as it was currently doing I would have more than doubled my investment in 12 months.

So in essence the site would then have paid for itself and I could either continue to take the monthly revenue of to flip it for a lump sum

You might wonder why someone would sell a site making $900 a month for $4,000?

Well me too I but I no longer make the mistake of trying to work out their reasons. I do my due diligence and if the site stacks I’ll buy it.

For all I know the person might have financial problems or need the money for another investment or just might be bloody bored of running the thing.

It only needed a few hours’ work in ‘upkeep’ but that can be easily outsourced.

So you can see why I was pissed off that I lost out on that one – someone got a bargain.

A friend of mine – the 3k income in the headline –  recently bought a site aimed at potential writers (I’ve got one of those too actually) and is currently making around $3,000 a month in revenue from a site that cost him $4500 several months back.

It was making around $600 a month when he bought it but he tweaked it, changed the ads and got an SEO person on board (cost him $250) but it was well worth it

In fact I can’t stress enough that the most profitable skill you can have when buying and developing websites is to look at what they’re lacking.

If the SEO needs work (ask an expert for an appraisal) then getting a pro on the job will increase the revenue

If the ads need to be more targeted then work on that, or if any lists or Facebook page that comes with the site (a lot do these days) isn’t being monetized enough then work on that aspect.

In my experience there’s usually something you can do to increase the revenue you get from any site.

If you have some seed money, buying sites that bring residual income is a really good way to build an online business.

I highly recommend it, although it takes some balls the first time you spend four figures on binary code :)

And if it doesn’t work out you can usually resell it and make your money back on the sale

7 Best Practices Discovered From Using This Method For a Decade

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Note: This article is extracted from the Earncome training program that I’ve licensed, and some of the content might reference that program and/or its author, Jimmy D. Brown.

 

Remember what I’m doing with these Earncome™ modules?  I’m chronicling my every move as I “start over” from scratch and rebuild my business.  Right?

So, if I’ve set up http://www.ProfitsVault.com the way that I have, there must be a good reason.  Are you tracking with that?

I mean, nobody starts over and does things they know don’t work.  If you start over, you do what you know will get results.  Your experience dictates your action.

Continue Reading (only available for IMIT members)

A Simple Strategy to Make $10,000 to $25,000 in 2 Weeks or Less

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Note: This article is extracted from the Earncome training program that I’ve licensed, and some of the content might reference that program and/or its author, Jimmy D. Brown.

Let me begin by sharing the overall strategy in a concise sentence and then I’ll unpack it for better clarity.  Here is the sentence…

Sell licensing to exclusive content at a premium price.

There are three parts to the strategy, all of which are equally important.  So, let’s walk through them…

Continue Reading (only available for IMIT members)

$5,000 A Month From This Offline Lead-Grabbing Technique!

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This is an interesting little technique. The lady who operates this system is UK based but it would work anywhere I reckon.

I’m told she’s OK with me sharing it because she’s quite a hippy and believes in Karma rewarding her for helping other people.

Good lass!

First off she doesn’t provide anything out of the ordinary in the offline business niche.

She offers SEO and website design services to local businesses.

She outsources the actual work, but also earns recurring monthly fees for providing services such as hosting, domain name registration, providing autoresponder services, licensing various software, being available for support and creating or updating email sequences.

Nothing too revolutionary although she’s set it up nicely.

No, the thing she does differently is how she gets her leads and turns them into customers.

It involves contacting business professionals such as accountants, lawyers and anyone who deals with business owners.

For example trade suppliers who supply plumbers or carpenters, and asking if they’ll let her put her own little point of sale display in their shop, office or retail desk.

She’s had made some really nice looking little point of sale boxes, which hold small cards, which are about twice the size of standard business cards

On the cards and on the point of sale box she offers a FREE 20 minute consultation about why their website isn’t getting them enough visitors and how to fix it.

There’s a little more to it than that – it’s worded very cleverly and is a good offer – but I’m not going to give her whole method away.

So the whole thing sits on the counter or near the cash register and offers a free consultation to any business person and who wants more business (who doesn’t?) through their website.

And visitors pick up one of her card/brochure sheets from when they visit their supplier, accountant or whatever and can either book the consultation online, by email or phone.

The cards are all marked with a code so she can give a commission to the business that lets her place her point of sale display with them.

Here’s the sexy bit  – her conversion rate on these 20 minute free consultations is over SEVENTY percent.

Obviously she has testimonials, examples and sites to show them already prepared, but she ALSO does a little research on their main competitors and throwing their name casually into the conversation usually makes the client very responsive.

Obviously her point of sale displays aren’t the only way she gets leads but it’s the thing that gets her highest conversion into sales.

My own interpretation of this is that the cards work because many of them are placed where people wait…

At a trade desk maybe waiting for a part to be brought up from the stores, or on the coffee table next to the magazines in a solicitors or accountants office while you wait for an appointment…

…and because they’re the sort of places where business owners are, she’s targeting the people she needs to hit.

I think you could put different tweaks and angles on this and make it even better with a little thought, but it’s good

Really good.