A Profitable Week!

I should really apologise! I have been out of touch for a while. I’ve been really busy, and also took a weekend off. It was bank holiday weekend in England (basically a day off work), and I promised my girlfriend that no computers would be switched on for 3 days! It was hard, but i did it!

As  I said, I’ve been really busy over the last month. I have had my most profitable week since I started my journey to make a full time living online.

Product Creation

I have officially now created and sold my first product – and I have about 3 more on the way!

Product creation, in my opinion is the best way to start making a living online. It can be difficult, but I’m sure that you know something that comebody else would pay to know. Just think about it for a second..how much more do you know now, than you did 6 months ago?

My product was a system I used to make some cash as I was getting started. I still use it now, but I am more focused on product creation, and developing my ideas at the moment as my time is really limited.

The system I used was leveraging Yahoo Answers. It is pretty simple to so – and I created a step-by-step report on what I did.

So, it’s simple, learn something – master it, put it into your own words – or add your own twist on it and you have a product!

Where did I sell it? Basically, I put up my product as a WSO on the Warrior Forum. It is a great way to get your product in amongst targeted buyers.

Many people have problems developing their own products, it can be pretty tough, If that’s the case then just hit me up – I would love to talk to you about any issues you are having – and maybe have a brainstorm and come up with some ideas for you.

Another things about product creation is that you can build your list aswell as make you some cash. over the last 2 weeks I have increased my list by around 80 subscribers, which isnt much, but it almost doubled the size of my list!

Website Flipping

Currently I am working with another one of Alex jeffreys 2.0 students – and we are in the process of building a website to flip. This in itself, can earn you a full time income, but can be pretty labor intensive if used as your sole income stream.

What I prefer is flipping actual businesses. This is something I picked up off one of my friends, Steven Walk.

Basically, you build yourself an online business – with some sort of continuity involved – so to keep it simple, you develop a coaching course on listbuilding, which is 6 months long and content is drip fed every week.

Once you get some recurring income – the value of this website ROCKETS.

People love geting their hands on readymade businesses, it takes all the hassle out of creating your own product and information.

You may think it would be stupid to sell a business which is making you a solid monthly income…

but..what if you kept 20% equity in it when you sold it?

You would have some cash to build another site – maybe something which has a higher ticket value – so more $$$ per customer. You have more cash to advertise and promote, and in turn get more members. When you come to sell this site, as there is a higher monthly revenue, you can ask a higher price.

If you keep another 20% equity in this business, then you are increasing your monthly income – and it will be on complete autopilot.

Now it might be that somebody is not prepared to give you 20% – so you could put a time limit on it. So you have 20% equity for 3 months, and can be used on a consultancy basis if any problems arise. In those 3 months, you can develop your next flip and get ready to sell it.

That way, you always have a monthly income!

Anyway, they are just 2 business models I am working on at the moment.  I have tried to keep it simple, and just give you an insight to what I am doing. 

It will hopefully give me some capital that I can reinvest back into my business, and grow it further!

If your having any problems, then just shoot me a comment and I’ll be happy to help!