Saturday, December 14, 2013

How to Make More Money With Your Online Business

Many people are struggling to make money with their online business. This is very unfortunate because it doesn't have to be so difficult. Making money with the internet is a science. It is easy to duplicate the process and make sales even when you are on vacation. No joke!

I'm going to assume that you have a product that you are promoting. Also, I will assume that you are building a list. Now that I have that out of the way, let's talk about making more money. There really isn't a secret to this. It's all about testing and tweaking your sales funnel.

Are you ready for my number one recommendation? You might not like this, but it is powerful. I want you to re-invest 100% of your commissions back into paid advertising. Why 100%? Well, you want to grow your business fast, don't you? Good... pay attention.
I want you to start purchasing solo ads. Why solo ads you might ask? This one advertising strategy is responsible for 70% of the income I earn online. It's fast, easy and scalable. It's fast because you can literally get 100's of visitors to your website overnight. It's easy because it takes 5 minutes to purchase an ad. It's scalable because you can literally command more visitors if you want to.

Let me give you an example of how you can make more money by using solo ads. Let's say that you have 5 products in your marketing funnel. The first product is $25 per month. The second product is $100 per month. The third product is a one-time cost of $500. The fourth product is a one-time cost of $1,000. The final product is a one-time cost of $3500.

Now, let's say that you spend $600 for 1,000 clicks to your website. And let's also say that you get a 40% conversion with your capture page. That's 400 leads. If it converts at an average of 5%, that would be 20 sales for $25 each. So that would be $500 on the front-end. Pretty cool, huh?

But I'm not done! Out of those 20 customers, 40% will purchase the first up-sell. That's 8 sales at $100. You made another $800. Now, out of those 8 customers, 20% will get the next product. That's one sale for $500. Are you starting to see the potential? Let's add up your earnings, shall we? $500 plus $800 plus $500 equals $1,800. So you spent $600 to net $1800. This gives you $1,200 profit!

How does this sound. Since you can purchase as many solo ads as you would like, the potential is unlimited. And you don't have to worry about saturation in the market because e-zine newsletter owners are always building their subscriber base. This means more leads and sales for you whenever you want them.

So I want you to do some research on solo ads. Look up potential solo advertising in your chosen market, and don't hesitate to spend a little money on advertising. This is the best thing you can do for your online business.
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