Making money online sounds easier than it really is. Like any businesses out there, effort must be out in for you to do well here….yes even for the so called gurus. They usually want to make you “feel” that it is something that is easily attainable….but if you use their methods / tools / strategies…you will be successful in no time.
But guys, this is not the case.
And if you are ALREADY in the business, you would want to look for ways to increase your income. Like someone says…“Do Not Put All Your Eggs In One Basket”…. So let me share with you what I think about boosting your income.
Well, for one….you can do this by selling more of the same products to new customers or by selling the same number of products at a higher price. But if you’re only selling one type of product it does limit your customer base. That’s not to say that you need to sell so many different products that you can’t keep track.
It’s about having the essential product types that will appeal to your customers and boost your income.
1. Direct Income Products
Direct income products are the easiest way to start making money with your online business. The product is one-off purchase and is easily affordable for your customer. It’s a product or service that solves a simple problem for your customer or makes their life easier or more enjoyable. You deliver the product to them in an effective and timely manner.
You can create your own product to sell or you can sell products created by other businesses using the affiliate marketing business model. Whatever route you choose, the product or service has to deliver what your customers want.
2. Recurring Income Products
Recurring income products are something that you sell once and receive an income on a continuous basis, normally every month. You get paid for so long as the customer uses the product or service. These types of products are usually items like software licences or membership websites.
Even though the first payment you receive may be less than a one-off direct income product, recurring income products have an excellent long-term value and can generate a significant income over time.
3. High Ticket Products
A high ticket product for an online business is something that will earn you in excess of $1000. A high priced product has to provide exceptional value and a clear difference to the lower priced direct sales products that you offer. It goes without saying that you have to build a relationship with your prospects before they will consider spending a large amount of money with your online business. This is done by continuously delivering value in your emails, website content, blogs and forums, online seminars, pod casts, video tutorials, etc.
Customers are willing to pay a lot more if they get a superior product. Look at the difference between a first class airline ticket and an economy airline ticket. Lower cost products may do part of the job but don’t provide everything that a customer may need in the manner and timescale that they want.
To conclude, what you will need to have is a sort of a blueprint. This has been the key for me in every case…for the simple reason is that without a blueprint, you will get distracted with all sorts of offers and businesses whenever you get on FB or when you check your email.
A blueprint keeps you focus on the things that you are doing….and once you have drawn that up (it can be on a piece of A4 size paper for all I care)….then you look at it every time when you get distracted…and ask yourself this “Will this tool/strategy that I am reading about add value to this blueprint?
That will keep you sane….I promise!!
So…cheers and have a great day.
IMPORTANT NOTE: I am an affiliate for every product that is being reviewed on this site. Some of these reviews contain materials from review copies that I receive from the vendors. However, all reviews are done impartially as I make no special arrangement with the vendors prior to these reviews.
In essence, should you decide to buy through the affiliate link that normally appears at the end of each review, I will be paid a percentage of the sales price.