4 Step Formula To Build Your Automatic Profit Funnel from Niche Markets
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Author: Maujhuri Chakraborty 8 out of 10 marketers are making this mistake...
And if you are doing the same thing, you're fighting a losing battle. Period.
Let me ask you a simple question..Do you think you have got the math right for your business?
Most InfoPreneurs don't.
They are doing their business math as 1 + 1 = 4.
It doesn't matter how much you would like 1 + 1 to equal 4. It just doesn't. It equals 2. It will always equal 2. You can try for the rest of your life to get it to equal 4, but it's just not going to happen.
Let's say you have a modest goal of earning $60,000 this year. To get there by selling $20 ebooks will require you to make 3000 sales i.e you have to sell over 250 ebooks each and every month to reach your yearly goal.
That is a lot of customers to work with, even if it is all automated. You still have to remember that some of those customers will have trouble and need personal support of some type.
You then either have to handle those problems yourself or you have to hire someone else to handle them (then you would need more sales to reach your goals).
On the other hand if you were selling $100 product you only need 600 sales.
Which one is easier once you count the math, doing 3000 sales or 600?
Before you answer that, I can tell you that making 600 sales is a whole lot easier than 3000... regardless of the price. You have fewer customers to deal with and your life is much less stressful reaching your goals.
Guess what? The math looks even worse once you start selling through affiliate programs. Take that same $20 ebook and now you only receive $7 per sale. You would then need to make over 78 sales per day!
Hey! Math is working against you!
You can struggle against the math. Ask all the "gurus". Go on buying all they say without thinking. Try new methods. You can even get a consultant. They'll probably dance around the real problem and give you 10 points to follow and tell you how to spend $2,000 to fix the problem.
They'll be too darn scared to tell you the real problem. They'll want to pacify you with some minor "improvements." Reality is, they don't want to offend you because they want you to come back for more advice in the future.
The real problem, my dear friend, your arithmetic doesn't work. 1 + 1 doesn't equal 4.
SO WHAT'S THE SOLUTION?
There's only one: Build Your Profit Generating Funnel carefully. And here's a 4 step formula how to do it..
This is a general formula I'm sharing with you which you can adopt for your business.
1) Sell a set of $10 products as a "lead generator" to add new customers to your database Sure, you will be making some profits from those products. But the real purpose of selling them though was to add new customer to your database who would then eventually buy our other products and services.
2) Sell a slew of low ticket (less than $40) related product by cross selling or up selling related product to your old customer base. You are increasing your income from each customer this way. Anyone who has been in business will tell you it is much easier to sale to your existing customers than acquiring new customers.
3) Lead them to a higher ticket item through Step 2 i.e your low ticket items should lead them to a backend offer. Here's where you are going to make most of the profit.
4) Stabilize your monthly income by selling a subscription service or membership site.
What I've just told you is one of the foundations of business that surprisingly many home business owners ignore. They want to close their eyes and walk into the minefield of Online business listening only to those voices telling them to think positive.
It's a basic system that works….but not that easy.
The biggest Roadblock for most people is creating so many products in less time. And specially in the Internet Marketing Field where competitors are just breathing down your neck fighting for the same piece of pie, it becomes harder.
BUT THERE IS AN EASY SOLUTION TO BOTH THE PROBLEM
The easiest way to overcome this problem is to do two things:
1>Operating in Niche Markets 2>Purchasing Resell Right Products for Niche Markets and using them Intelligently to build your wealth Funnel.
If you combine these two killer weapons with the 4 Step Wealth Funnel Formula I gave you above, no one can stop you from achieving your online dreams.
But as I said at the beginning, you have to understand the math and build your funnel carefully.
In other words ... You need a Game plan.
Problem is most people do not want to spend the time in developing a plan. They would just try to make a quick sale here and there and hope they will know all the so called secrets one day to reach their goals.
Listen mah friend, there's no secret. It's a plain old formula that has worked for ages and will continue to work in future.
Don't just nod your head. Now that you have got it, work out a plan based on the formula to create your own wealth funnel.
================================================================= For a limited time, Maujhuri is giving away a 22 page Report *Niche Miners' GamePlan* - A Step-By-Step System To Create Your Own Wealth Funnel, Operating in Niche Markets with Resell Right Products. To download the FREE Meaty Report visit: http://www.nicheminersclub.com
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