| I met up with a friend from college the other day. I hadn't seen him in years. And the last I heard, he was fixing computers -- living and working in his parents' basement. And then he rolls up to my house in a BMW Z4 Roadster. "How they hell did you get those wheels, man?" were the first words out of my mouth. "That's a lotta laptops!" "Oh, I'm out of that. I'm selling stuff online. I have a bunch of sites, pay-per-click campaigns, an e-mail list I market to, affiliate deals... the usual stuff," he shot back. "You work at Early to Rise, don't you? You should know what I'm talking about." "But you were living in your parents' basement! And you were an English major in college. What do you know about marketing?" He explained that he didn't know much about doing business online a couple years ago. But he'd found a place to get started. He made money while he learned. And he was able to start with almost no Web presence – just a sales letter he wrote himself and a product he'd "borrowed" from somebody else. I was going to write an article for ETR about my friend's experience... but Marc Charles, one of our Liberty Street League board members, beat me to it. Check out his essay below to find out what it's all about. -----------------------------------------------------Highly Recommended ----------------------------------------------------- What Separates Multimillionaires From Everybody Else? - It's time management. They jealously guard their time. They know every minute they spend in a long-winded meeting... is a minute when they're not making money. Find out what else makes up the Multimillionaire Mindset here.
"Don't sit down and wait for the opportunities to come. Get up and make them!" Madam C.J. Walker The Ultimate Start-Up Guide for Digital Entrepreneurs
By Marc Charles
Having a reliable source of side income is practically a "must " these days. And don't let the thought of setting up a business, creating products, finding customers, and marketing to them scare you. The fact is, you can get by with the bare minimum. I'll give you a simple way to come up with blockbuster product ideas in a minute. And in about 5 minutes, you could have access to an army of salespeople eager to work for you. I'm talking about selling digital products on ClickBank. Here's how to get started... You can develop a digital product (e-book, software, tutorials, an e-mail newsletter, or video instruction, for example), post it on ClickBank, and generate residual income for months, years... even a lifetime. (Or at least as long as ClickBank stays in business!) In 2001, I developed a digital product that is still generating residual income on ClickBank. I receive a royalty check from ClickBank for this product every month. And that's not the only digital marketplace I use. With ClickBank, you have access to more than 100,000 affiliates who can sell your products for you. And the best part is, IT'S EASY! If you develop a product that resonates with the market -- i.e., people want to buy it -- there's a good chance ClickBank affiliates will start selling it to their subscribers, members, and website visitors. How do ClickBank affiliates find your product? You don't have to worry about that. They are a savvy bunch. The most successful ones are constantly scouring ClickBank for the best and most profitable products. And popular (bestselling) products also "move up in the rankings" on ClickBank. But that's not all... You can "jumpstart" the process by advertising your product on ClickBank, hundreds of other digital marketplaces, or Google, Yahoo!, and MSN (to name a few places). It should be no surprise that the ClickBank affiliate program has one of the lowest attrition rates in the business. The entrepreneurs who sign up as ClickBank affiliates tend to stick with it. I think the main reason is because ClickBank pays its affiliate commissions accurately and on time. Here's what a typical ClickBank affiliate payout looks like: Product - Yahoo Cash 4 Idiots
Sale Price - $77
Affiliate Commission - $40.69 plus 60% commission ($40.20) on back-end product Another reason the ClickBank affiliate program enjoys such a low attrition rate is because it's so damn easy to make money with it. So why not consider developing a digital product to generate residual income on ClickBank? The best way to develop a saleable product is to STEAL IT! Well... not exactly steal it. But COPY a product that's already being sold successfully on ClickBank. I'm not talking about word for word plagiarism. I'm talking about copying the "Big Idea" of the product and putting your own spin on it. This is the best way to start making money quickly, because you won't have to reinvent the wheel. Search all the ClickBank categories and study the most successful digital products. Order a few of those products, too. You can also hang out on the ClickBank blog. You'll learn about the best strategies and products right from the horses' mouths (ClickBank staff and Super Affiliates). As for determining what kind of commission to offer ClickBank affiliates... again, copy success. What are others offering them to sell similar products? Maybe you could offer more. Or maybe less. When you work with ClickBank, you're in control of your product and retain a lion's share of the profits. As I said, you can earn residual payments for years -- just by submitting one e-book to the ClickBank marketplace. And just imagine what would happen if you submit two e-books. Or more! It's easy to get started. Simply create an e-book based on your area of expertise. (You may want to do a bit of research first to discover the types of products people want to buy.) To get a sense of what's selling on ClickBank, check out its marketplace. You can identify the most popular products by sorting your searches by category. (ClickBank also allows you to sort search results based on other criteria -- for instance, the number of affiliates who made money on a particular product in the last 30 days.) Once you've got a digital product to sell, simply visit ClickBank and click "Sell Online." The instructions are easy to follow. [Ed. Note: As "King of Business Opportunities" Marc Charles points out, starting a side business doesn't have to be expensive or even time-consuming. If becoming a digital entrepreneur doesn't appeal to you, no problem. Marc seeks out easy-to-start side businesses with high profit potential every month in the Liberty Street League.] -----------------------------------------------------Highly Recommended ----------------------------------------------------- You can't take all the risk out of investing - But you can take much of it away. More important, you can remove the worst aspects of risk -- those that cause fear and result in bad investment decisions. ETR'S own Charles Newcastle has developed a quick and simple four-step "risk removal" system that could bring you 132%+ gains in a matter of weeks.
"It's amazing to me." "I'm bowled over impressed with Alexander Green. Loved the tone and insights he chose from Marcus Aurelius's Meditations so much that I went to check him out. Now I'm a subscriber to Spiritual Wealth AND Investment U. "It's amazing to me the synchronistic ways I've found ETR to expand my financial knowledge without referring to the same old outlets, news channels, and generalized investor literature. "You should 'give him the floor' more often." Michele Rosenblum
Los Angeles, CA
-----------------------------------------------------Highly Recommended----------------------------------------------------- Bob Bly wrote an e-mail in five minutes. It generated a $7,449 profit in a single week. Here's what he said...
Today's Words That Work: Savvy Savvy (SAV-ee) -- from the Latin for "to be wise" -- is another way of saying shrewd; experienced and well-informed. Example (as used by Marc Charles today): "[ClickBank affiliates] are a savvy bunch. The most successful ones are constantly scouring ClickBank for the best and most profitable products."
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