how to make more money online

The Three Types Of Products You Need To Make A Six Figure Income

August 2, 2014 by Marc Guberti 2 Comments

Every time I look at the extra money I could potentially be making, I look towards ads. Then, I quickly realize that there is a better way, and ads are not the answer to making six figures every year. The answer to making money with a blog and more money in general is with products. By having more products available to your potential customers, the more likely they will become returning customers. There are three products you need to sell. Having these three products available will guarantee that you get more returning customers and bigger commissions.

The inexpensive product. Depending on the product you are selling, the price of that product can be anywhere from $1 to $49. You want this product to be one that generates a high volume of sales so people read your content and become interested in what you have to say.
The subscription based product. This type of product generates a recurring revenue because members pay on a monthly basis. If you have 10 members who are each paying $100 every month, you would be making $1,000 every month. You need to have a recurring revenue strategy added to your business plan so you can rest assured that a product is going to bring in more money.
The high-priced products. A high-priced product gets less sales than an inexpensive product but brings in more commission. It is easier to make $1,000 every month selling a $500 training course than it is to sell a $10 book. You only need two sales for the training course while you need 100 sales every month for the book. High priced products make it easier for you to reach certain goals with less sales, but in order to have a high-priced product, you need to put in an immense amount of work and effort.

These three product options will satisfy your potential customers. Many of them will look for a low-priced product. That’s when the inexpensive book or training course comes in. In addition, others will want a subscription based product that gives them value so they can avoid an expensive product. Finally, there is the high-priced product for anyone who has enough money in their pockets to get the best product you have ever launched (it has to be your best one). Having these three products and creating more in the process will allow you to make six figures every year. That definitely beats advertising!

The Powerful Urge That Will Make You Want To Earn More Money

May 28, 2014 by Marc Guberti Leave a Comment

money

There are many things that urge us to earn more money. While some of these things are not shared by everyone (being homeless, being in a desperate situation, wanting to save up for college), there is one thing that applies to all of us. One powerful urge that will make you want to earn more money is by spending it on yourself.

I would quickly like to point out that although spending money on yourself is a great way to get motivated to earn more money, you should not spend money to the point where you go bankrupt. Only spend about 5-10% of your money on yourself. That will be enough to get the urge going.

The first thing that I bought with my own money was HootSuite Pro. Before buying HootSuite Pro, I got very comfortable with making $200 every month which by no means is an income to live by. When I committed to spend $9.99 every month, I realized that I was not making enough money. In the future, I plan to buy access and upgrades to other tools such as ManageFlitter. In addition, I plan to use some of the money for things outside of my business.

This urge made me stop giving myself a pat on the back. In terms of making money, a pat on the back represents you are satisfied with the amount of money you are making. We all want stuff, and by purchasing some of that stuff, you will want to earn more money. This powerful urge will make you put in more work and effort to see your business succeed or for you to get the raise in the company you are in.

UPDATE:

I ended up buying access and upgrades to ManageFlitter and other tools. A significant portion of my budget is allocated towards outsourcing costs. I am spending far more money each month than I was when I first wrote this blog post.

The motivation exists more than ever for me to increase my revenue. I still haven’t spent any money on myself outside of my business because I don’t have a desire to do so yet. Anytime I spend money, it is an investment to my entrepreneurial domination.

Not only will spending money, more specifically, investing in yourself amp you up with more motivation. But spending money also makes you much smarter about how you spend.

I recently read Power Of Broke by Daymond John in which he mentioned that it’s not always good to get more money. Daymond has the perspective of an investor who says no to some businesses and provides extra money to other businesses.

Some people who get an extra dose of money are overwhelmed with all of the different ways they can start spending that money. Then, the money gets spent through a variety of means but ends up getting wasted.

Money isn’t made to be spent all of the time. For your business, you must always spend smartly. Spending smartly means analyzing your income and expenses. If you spend more than you make, then you’ll be in debt soon enough.

When I started to invest money into outsourcing, I didn’t start off with a team of dozens of freelancers. I started off with a single freelancer. It was a bumpy transition because I never gave a part of my work to someone else before. I interacted with that first freelancer often to make sure the job was being done properly.

Once I felt comfortable with outsourcing, I gradually outsourced more of my work to other freelancers. My outsourcing money has been money well spent due to the time it has opened up to me. If I immediately hired over a dozen freelancers, the transition would have been far more stressful due to the added work and anxiety of making sure multiple parts of my business were being managed properly.

Investing in yourself gives you a powerful urge to make more money. You are your greatest asset.

How To Turn That Urge Into Riches

Discover how to create a plan that, when fueled by the urge, will allow you to make more money.

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Why You Need To Have A Platinum Priced Product

May 26, 2014 by Marc Guberti Leave a Comment

Underpricing is a common tactic to use to boost sales. Self-published authors only charge $2.99 for their books to get a higher volume of sales. The people who underprice their products forget to create a platinum priced product. A platinum priced product is exactly what it sounds like, a very expensive product that will scare some people away because of the price tag alone.

However, having a platinum priced product will boost your volume of sales. Having a platinum priced product will make your lower prices look more attractive. If you wrote 1 book for $9.99, and you sold your other books for $2.99, the books for $2.99 would look a lot cheaper than they really are.

Brendan Burchard sells his Total Product Blueprint training course for $1,997. For many people, that training course will seem ridiculously expensive. However, when you see Brendan Burchard’s books, The Millionaire Messenger and The Charge both at under $15 for both Kindle versions, they look a lot more inexpensive for $2.99 books.

$2.99 is less expensive than $15, but when you have to choose between $15 or $1,997, changes are you will go with the $15. The $15 is a smaller investment which means less risk. In the end, some of the people who buy Brendan Burchard’s $15 books end up buying his $1,997 training course.

Brendan Burchard’s platinum priced training course makes his books look a lot more attractive. While free giveaways plays a part in this, both of Burchard’s books have over 150 reviews on Amazon (mostly positive). Instead of going cheaper, create a platinum priced product that makes the products you already have look a lot cheaper.

9 Ways To Get More Sales

April 30, 2014 by Marc Guberti 2 Comments

Increasing Sales

No matter what product you are selling, what niche you are in, or what your business is all about, you need sales in order to make a strong income from your business. However, many people are struggling to make sales let alone a single sale. There are books up on the Kindle have not been sold once. The main reason this happens is because the person who made the product does not know what to do in order to get more sales. I am going to provide the solution and share with you 9 of the methods I implement to increase my book sales. Whether you are selling books or toys, these methods apply to you.

How frequently you create something new. The most successful self-published authors tend to be the ones who publish 1 eBook every month or publish 1 highly detailed eBook every year. The rate in which you create new products and the quality you can produce in that amount of time will determine how many potential sales your product could get.
Market your product before it launches. If you want one of your products to get more sales, tell people about the product before it launches. I have mentioned my upcoming book Lead The Stampede in several of my blog posts. Each time I publish a blog post that references the book, people ask me when it will come out. To answer the question, Lead The Stampede will come out in Summer 2014.
Write a blog post about your product that sells. In order to get more sales, you need to write a persuasive blog post. Instead of simply writing a description of your product with the big “Buy Now” button, give people a reason to buy the product. Here is an example of a persuasive blog post that resulted in one self-published author getting thousands of downloads for his book in less than a week.
Build your credibility. An author who has written several bestselling books is going to get more sales for his/her next book than the author who started writing books a few months ago. In order to build your credibility, you need to get a strong following on a social network and have a popular blog. There are other ways to pull it off as well.
Have multiple products available. Having multiple products gives you the possibility of returning customers. Once a returning visitor buys three of your products, chances are that visitor will buy a lot of the products that you create.
Create a product that people would want to buy. Create products that people would want to buy. People only buy something for the quality. False! Fast food restaurants are not successful because of their quality. They are successful because of price and convenience. The three options you have are quality, price, and convenience (although all three in the same business always fails). I combine quality and price which means I produce quality products and sell them at much lower prices than the competition.
Spread the word about your product using social networks. Find people who would be interested in your products and introduce yourself to those people. Spreading the word on social networks will allow you to get more sales and interact with those customers so you can ensure they come back for your next product.
Get testimonials. The most successful products are the ones with good testimonials. Would you rather buy the product without testimonials, or would you want to buy the product with hundreds of positive testimonials? Most people would go with the product with hundreds of positive testimonials. When customers buy into the product, they are also buying into the testimonials about those products.
Become a public speaker. By being a public speaker, you will be able to talk about your niche and inform people about your product at the same time. People are more likely to buy an author’s book after listening to that author talk about something in your niche for 20 minutes or so. The author’s signature also entices more people to buy the book.

There are numerous ways to get sales, but these are the 9 methods that I have used and seen good results. What are your thoughts about the list? Do you have any additional tips that you use to get more sales?