How To Make Big Money Online
After spending eighteen months in the AM2 GOLD mentoring program with Alex Mandossian and Armand Morin, two of the most successful people on the Net, I uncovered six strategic secrets.
‘Strategic secrets’ are the strategies you need to get right if you are going to succeed at making money online. As we use to say in the venture capital business, “If you start with the wrong strategy, no amount of effort will succeed except changing your strategy.” So if you are serious about wanting to succeed online, these are the six secrets you need to know and follow.
THE 90-10 RULE
The first is ‘The 90-10 Rule.’ Violating this rule is the reason that most people NEVER make any money. The 90-10 Rule says, “Spend at least 90 percent of your time getting traffic and converting it into customers and money…and spend no more than 10 percent of your time on technology issues.” Since time is your single most valuable asset, managing it effectively becomes critical to your success. When building online businesses there are four areas that required your time: selecting a product, building and assembling the technology for your site, getting traffic, and converting the traffic into customers and money.
THE FOUR REQUIREMENTS
First, you have to have a product or service to sell if you want to get money in return. Products can be physical (cars, golf clubs, light bulbs, etc.) or they can be informational (books, newsletters, music, courses, etc). Second, you must have some technology. Since online businesses operate in the digital world of the Internet, an online business requires a digital infrastructure consisting of things like: URLs, webservers, high speed Internet access, lots of software applications, credit card processing, etc. Third, you need traffic. Without traffic that brings prospects (potential customers) to your site, the best product and best technology are worthless. And finally, you need to convert some percentage of that traffic into customers and money. This is done with powerful headlines, compelling sales copy, numerous testimonials, a great offer and a good guarantee.
WHY MOST PEOPLE FAIL
Most people start by selecting a product to sell and then move on to developing their website, or technology. Since few people have the resources to hire experienced webmasters to handle the technology stuff for them, they attempt to learn the technologies themselves in an effort to save money. People with no technical expertise who attempt to learn HTML, FTPing, networking, software applications, ecommerce, etc., are violating the 90-10 Rule and are generally doomed to crash-and-burn before they ever make any money. Why? Because learning the technologies is just too complex and time consuming for the average person. Yet a recent study found that most newbies spend 90 percent of their time trying to make the technologies work and only 10 percent of their time getting traffic and learning conversion skills. And then wonder why they never make any money.
WHAT THE PROS DO
The successful online entrepreneurs do just the opposite. They have discovered there’s NO money in learning the technologies required. That’s best left to the webmasters and geeks. The pros have learned that money is made by getting traffic and converting it into customers and money. Hence the 90-10 Rule. As a result, the pros all hire experienced webmasters to handle their technology requirements so they CAN devote 90 percent of their time to mastering traffic and conversion skills.
THE NEWBIE SOLUTION
Until now everybody who wanted to make money online had only two choices for dealing with the required technologies. Either:
1) hire an experienced webmaster OR
2) learn the technologies themselves.
Since the technologies are so complex and difficult to master, most newbies give up before they learn enough to move on to traffic and conversion skills. Now there’s a new technology solution that virtually eliminates this problem. This technology is called Simple Money Machines. Simple Money Machines is a new online, hosted application that provides all the technology required to make money online without the need to hire an expensive webmaster or learn any technologies.
SIMPLE MONEY MACHINES
Simple Money Machines is the first complete Internet-Business-In-A-Box. Everything you need is now in ONE, simple, point-and-click HOSTED application. No more hosting accounts to set up and manage, no HTML to learn, no more software to buy, and no more expensive webmasters. Each Simple Money Machine comes with: hosting, automated URL setup, WYSIWYG site builder, opt-in page and email autoresponder, ad tracking, web audio, split-testing, ecommerce and dashboards. Anyone who can point-and-click can now set up a complete web business in less than 30 minutes with no technical expertise. Best of all, each Simple Money Machine cost less then one Starbuck’s coffee a month. And each machine comes with a FREE Home-Study-Course entitled HOW TO MAKE YOUR FIRST $50,000 ONLINE in less than an HOUR A DAY.