How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

 

Page 1 of 3 1 2 3 LastLast
Results 1 to 45 of 94
This is a method I personally use to generate some big $$$. This method is ...
  1. #1
    sampo1time is offline Regular Member
    Join Date
    Nov 2008
    Posts
    324
    Thanks
    39
    Thanked 268 Times in 60 Posts

    Default How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    This is a method I personally use to generate some big $$$. This method is mostly likely NOT for beginners but a very motivated noob could make it work. This method is not new but it is hard to come by solid information that will walk you through the entire process.

    1. Create a product in a popular niche. ex: make money online or weight loss. Reason is you'll never run out of customers. People always want to look better and have more money. I have created products for both niches but I'll use the make money online for this tutorial.

    Make Money Online product - this is very easy to come by. There are tons of PLR products out there that you can brand as your own. To put a twist on it you could print it out in a manual or have the videos put on a DVD. I did DVD's cost - $2/DVD fulll color in a sleeve.

    2. Build your landing page - This is pretty self explanatory build a landing page for your product. Try looking at others who have offers similar to your and take the best from them all. You could also have this outsourced. I can recommend a really good designer on BHW that charges way to little.

    3. Build a membership area - It's simple to use amember. This membership area does not have to be really fancy. I just filled mines up with tones of PLR courses and videos that you can find in the download section on this forum.

    4. Payment processing - This is the step that will separate the motivated individuals from the slackers. Obtain a merchant account and a authorize.net gateway with rebilling. You can find a bunch of merchant account brokers just from google search. The "trick" if you will is getting approved.

    You will have to fillout a load of info about yourself, your product, and your site. The business model that we are going after is giving customers a "FREE" Make Money Online DVD only pay $5.95 shipping (DVD + actual shipping < $5.95) and they get a 10 day trial to your membership area. If they don't cancel you can bill them monthly, quaterly, annually, whatever. If they do cancel you still made money sending the DVD and have their info to market to them related products. It's a win win.

    Anyways, nowdays a lot of CC companies are cracking down on this type of business model. So you my have to bend the truth a bit on your merch application. Maybe give the impression that you are selling the DVD out right for $20. Do not say anything about rebilling. This can all be configured after you are approved.

    5. Fulfillment Company - just do a G search for fulfillment companies. Call a few and compare their rates based on your needs. If you need packaging, storage rates, how returns are handled, a backend dashboard to view your inventory is always good also. This step my even be optional for those that rather do all the shipping and handling themselves.

    6. Integration - I had to get this all outsourced at elance because coding is beyond me. But essentially this is what you would like the coder to make happen.

    • Customer orders "FREE DVD"
    • Payment is processed through Authorize.net
    • They are auto enrolled for membership trial and rebilling
    • aMember auto generated PW is emailed to them for instant access
    • Their email address is added to your email list maybe start a autoresponder
    • Notification is made to your fulfillment company to ship the DVD



    Summary of the business model - Giveaway a FREE product. Be sure to price the shipping to cover the product price and actual shipping (this way you will still profit even if they cancel). Auto enroll them to your membership area with trial period and auto rebilling. The concept is simple and VERY effective. Keep in mind that you still could email them offers, promote offer in members area, and have multiple up and down sells.

    If you have made it this far and have everything set up, traffic is actually the easy part. As this is your own personal offer there is no such thing as BH traffic. Everything is fair game and everybody wants more money especially if you're willing to show them how to make it for free . Go to CL post ads giving away FREE DVD's. Post ads on ebay selling the DVD and say you bought it from your site. When they check for the original price they'll see the site is offering it for free. FB likes, tweets, even local ads in your paper for FREE make money online dvd. Get a bunch of fiverr testimonials and blast them all over youtube.

    Once you get your cash flow going do some tried and true PPC, and ad networks like pulse 360 and tribal fusion. And since this is your own product no landing pages are off limits. Out of all my test's, nothing converts better than a fake news article

    All of the above has allowed me to make $1500-$2000/day under my own efforts. Now, if one would like to take it farther you could easily approach CPA networks and have an army of affiliates blast your product out like hot cakes. I'd estimate that you would be making conservatively $200000/month if not more. 5 months and of that and you could be a millionaire!

    Disclaimer: The $50k/month can and has been done. $200k/month and 5 months to be a millionaire is a rough estimate and has not been tested by me personally

    Ask any questions you may have on thread and I'll try my best to answer them here for everybody.
    Last edited by sampo1time; 02-15-2012 at 12:19 PM.

  2. The Following 56 Users Say Thank You to sampo1time For This Useful Post:

    astutenacute (02-17-2012), BassTrackerBoats (02-17-2012), bertbaby (02-17-2012), bigballin6161 (02-17-2012), bihguy (04-07-2014), bogdan25 (02-17-2012), boydsmith (06-10-2012), Bremenhawtster (02-21-2012), cnick79 (02-15-2012), Coffee King (03-24-2012), CoolAdvisor (02-19-2012), ddederick (12-07-2012), dog-tag (02-17-2012), Donkey Kong (02-18-2012), dynamoblue (05-07-2012), financhill (02-17-2012), FireTheWild (03-24-2012), frivvy89 (08-31-2012), Godspeed (02-18-2012), Gradimir Stankovic (02-17-2012), grinding (02-17-2012), hadoken (04-03-2013), hameem (10-07-2012), HFlame7 (02-17-2012), huser21 (02-18-2012), IamNRE (02-17-2012), JamesLives (06-12-2012), Jasonlf (03-19-2012), justalady (03-18-2012), kelvincuts (11-26-2013), kool121 (07-15-2012), KraftyKyle (10-19-2012), lakim0 (08-04-2013), Lebron2727 (02-17-2012), manmuffin (02-18-2012), mariok (02-20-2012), meganfox (03-18-2012), mootonandy (05-22-2012), mrmillennium (08-21-2012), mrmoneymaker (02-17-2012), mrperfect314 (02-17-2012), n3xus (02-18-2012), OFWGKTALL (08-31-2012), on the r15e (02-17-2012), onegawad (02-17-2012), pearlydean (02-15-2012), PinguSpy (10-07-2012), rubix (12-31-2012), selfmademillionare (03-24-2012), sunilclicks (10-08-2012), talkmeow (02-17-2012), tiagorossi (02-17-2012), tkemb (11-26-2013), tlrademaker (11-09-2012), ubsmax (02-19-2012), whiteli0n (02-17-2012)




  3. #2
    cnick79 is offline Jr. VIP
    Join Date
    Jun 2010
    Location
    Google's SandBox
    Posts
    550
    Thanks
    61
    Thanked 288 Times in 141 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    I liked some of your ideas. Are there any alternatives to amember and other payment processors you can recommend?

  4. #3
    exXtr@'s Avatar
    exXtr@ is offline Power Member
    Join Date
    Aug 2009
    Location
    Belgium
    Posts
    525
    Thanks
    617
    Thanked 244 Times in 83 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    I read threads like this before , there is a lot of money to be made in product creation ( may it be digital or an actual product )

    Thx for the info

  5. #4
    Deez The Webguru's Avatar
    Deez The Webguru is offline Junior Member
    Join Date
    Sep 2010
    Posts
    111
    Thanks
    22
    Thanked 47 Times in 25 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Nice Business model dude, a picked up some nice ideas here also after reading ur thread. I think if people put the effort into a business model like this then it can definatley work.. even with their own unique twist... like if u include a few CPA offers in ur free info DVD.. like for example.. it it's weight loss.. u can simply mention one of the African mango Free trial offers subtly in the content... by saying something like "one of the better natural products that I have come across is african mango...you can ge a free trial HERE"

  6. #5
    sampo1time is offline Regular Member
    Join Date
    Nov 2008
    Posts
    324
    Thanks
    39
    Thanked 268 Times in 60 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by cnick79 View Post
    I liked some of your ideas. Are there any alternatives to amember and other payment processors you can recommend?
    There are many alternatives to amember even some free wp plugins. But I cannot recommend any as I have only worked with amember.

    As far as payment processors having your own merchant account is the way to go. Authorize.net works well for this business model. You can also look into CCBill as they process payments for many offers similar to this. Needless to say, stay faaaaaaaaaar away from paypal.

  7. #6
    RTM77's Avatar
    RTM77 is offline Junior Member
    Join Date
    Oct 2011
    Location
    ----------------------->
    Posts
    128
    Thanks
    184
    Thanked 17 Times in 15 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Now I know why some television commercials offer a "free sample" just pay shipping . Those commercials all look the same too. The membership area should be a continuity program which is what the rebill should be for. But you're telling me that with a PLR product you make $2000 a day? I have an ebook somewhere on my hard drive that's just about submitting your site to a CPA network but it costs around 10k to protect them. I should get around to finding the rest of CPA Tsunami and finishing the course, I thought that it would be pretty expensive to create my own product but I did not know that there were PLR courses. I'm assuming the quality of the course doesn't need to be that good but it's "free" with membership to a free forum so they shouldn't complain.
    Last edited by RTM77; 02-17-2012 at 12:48 AM. Reason: continuity program

  8. #7
    Cnotey's Avatar
    Cnotey is offline AppMasta
    Join Date
    Jun 2010
    Posts
    611
    Thanks
    219
    Thanked 737 Times in 272 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    OMG Groundbreaking! This will change IM as we know it!

    Sorry, couldn't resist.

  9. The Following 7 Users Say Thank You to Cnotey For This Useful Post:

    Donkey Kong (02-18-2012), jammie (02-17-2012), m0nster (02-17-2012), meannn (02-17-2012), Sauron is Here (02-19-2012), ShadeDream (02-17-2012), xohaibx (11-29-2013)

  10. #8
    bertbaby's Avatar
    bertbaby is offline Jr. VIP
    Join Date
    Apr 2009
    Location
    USA
    Posts
    2,010
    Thanks
    2,200
    Thanked 1,426 Times in 933 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    I have to ask the OP are those average numbers or your best revenue numbers?

    Thanks

  11. #9
    whiteli0n is offline Junior Member
    Join Date
    Nov 2011
    Posts
    152
    Thanks
    25
    Thanked 46 Times in 36 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    theres some really good info in there. It will take a while to accumulate the knowledge to make your own product but still, great lesson.

  12. #10
    3v0|v3 is offline Regular Member
    Join Date
    Aug 2011
    Location
    Alabama
    Posts
    225
    Thanks
    21
    Thanked 164 Times in 58 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by Cnotey View Post
    OMG Groundbreaking! This will change IM as we know it!

    Sorry, couldn't resist.
    Hater...

    Thanks for the tips

  13. The Following User Says Thank You to 3v0|v3 For This Useful Post:

    Cnotey (02-17-2012)

  14. #11
    sampo1time is offline Regular Member
    Join Date
    Nov 2008
    Posts
    324
    Thanks
    39
    Thanked 268 Times in 60 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    RTM77 - the membership area is set up for continuity. Hence setting up authorize.net with rebelling capability. This also integrates well with amember

    Cnotey - in the first paragraph I state that this method is not new. But while putting together this whole system I had a hard time finding so actually good solid info on the enitire process. So I figure I put up this thread to help those that would like some knowledge from someone that actually did it instead of a vague theory from some ebook or guru.

    Bertbaby - average. Actually $1500 - $2000 is pretty steady. My best day isn't much higher than that.

    whitli0n - just get a PLR product and rebrand it your own. Put it on a DVD or print it in a book. Instant product, no thinking

  15. #12
    ccshack's Avatar
    ccshack is offline Junior Member
    Join Date
    Feb 2011
    Location
    Ccs, Venezuela
    Posts
    143
    Thanks
    11
    Thanked 24 Times in 23 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Can you send to me the name of the designer for a good sale letter?

    Thanks

  16. #13
    dankerman666's Avatar
    dankerman666 is offline Regular Member
    Join Date
    Feb 2011
    Location
    Right Behind You :)
    Posts
    281
    Thanks
    120
    Thanked 140 Times in 95 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Now imagine what you could do with a quality product that was worth a damn and an affiliate program

    Also what is your actual profit margin, after advertising expenses and distribution to reach those numbers daily would get expensive right?
    Last edited by dankerman666; 02-17-2012 at 05:42 AM.

  17. The Following User Says Thank You to dankerman666 For This Useful Post:

    IamNRE (02-17-2012)

  18. #14
    talkmeow's Avatar
    talkmeow is offline Jr. VIP
    Join Date
    Aug 2009
    Posts
    342
    Thanks
    321
    Thanked 120 Times in 69 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by ccshack View Post
    Can you send to me the name of the designer for a good sale letter?

    Thanks
    me too, thanks

  19. #15
    RTM77's Avatar
    RTM77 is offline Junior Member
    Join Date
    Oct 2011
    Location
    ----------------------->
    Posts
    128
    Thanks
    184
    Thanked 17 Times in 15 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Seems like the only real hurdle would be the merchant account but that's not even that much of a hurdle.I would like to do this and then outsource product creation for another product. But how much does a plr product like the one you bought cost and about the membership have you outsourced maintenence of the forum?

  20. #16
    sampo1time is offline Regular Member
    Join Date
    Nov 2008
    Posts
    324
    Thanks
    39
    Thanked 268 Times in 60 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    ccshack - The designer I used was Richman he has a special sales thread in Jr VIP also. As for sales letter I didn't really have one. Just a typical all hype make $xxxx a month, no experience necessary, 3 easy steps, FREE DVD tell us where to send it type lander.

    danker - an affiliate program would blow this out of the water. I have actually been approached by a couple CPA networks but I'm not set up for that kind of traffic. About $500/day yealds $1.5k-$2k. But oddly enough I have tried to scale by spending $1000/day for advertising and my earnings did not go up at all.

    Profi margin is excellent though. We profit from just sending the DVD. The DVD plus actual s&h is about $4.50. Just pay shipping is $5.95. All continuity is a HUGE bonus

  21. #17
    Join Date
    Jun 2010
    Location
    ghosted
    Posts
    1,514
    Thanks
    343
    Thanked 3,576 Times in 914 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Pretty obvious you haven't done any of this shit. Lying on your merchant account? Hahahahahaah, once they catch you ( they will once your chargeback ratios go above 1%, which it will.) not only will they shut down your merchant account, they will freeze all your funds to cover future chargebacks up to a year. That's not all though, they wi then place you on what is know as the TMF or MATCH list which is basically a blacklist and you will never get an onshore merch provider with decent rates ever again. Retarded ass advice and I hope none of you follow this noobs advice.
    VAGINAL FLUIDS ON MY BRAIN

  22. The Following User Says Thank You to mudbutt For This Useful Post:

    teeniegenie (02-17-2012)

  23. #18
    Join Date
    Jun 2010
    Location
    ghosted
    Posts
    1,514
    Thanks
    343
    Thanked 3,576 Times in 914 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    ( as far as merchant accounts go. Other shit is solid ... At least in theory)
    Last edited by mudbutt; 02-17-2012 at 06:37 AM.
    VAGINAL FLUIDS ON MY BRAIN

  24. #19
    IamNRE's Avatar
    IamNRE is offline Jr. VIP
    Join Date
    Aug 2010
    Posts
    4,099
    Thanks
    3,997
    Thanked 6,104 Times in 2,152 Posts
    Blog Entries
    17

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Dangours info in the wrong hands (cough - wannabie gurus from WoFo - cough).

    Dankerman is right, make a quality product, research your market, send a sample to their address and get them to take action (visit your site/order full version/etc.)

    ????

    Profit $$$

  25. #20
    onegawad's Avatar
    onegawad is offline Junior Member
    Join Date
    Apr 2010
    Location
    SD
    Posts
    174
    Thanks
    30
    Thanked 123 Times in 23 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    This has been going on online for awhile with those free get paid by Google rebills you see everywhere. Good idea but implementation and hard work are key

  26. #21
    sampo1time is offline Regular Member
    Join Date
    Nov 2008
    Posts
    324
    Thanks
    39
    Thanked 268 Times in 60 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by mudbutt View Post
    Pretty obvious you haven't done any of this shit. Lying on your merchant account? Hahahahahaah, once they catch you ( they will once your chargeback ratios go above 1%, which it will.) not only will they shut down your merchant account, they will freeze all your funds to cover future chargebacks up to a year. That's not all though, they wi then place you on what is know as the TMF or MATCH list which is basically a blacklist and you will never get an onshore merch provider with decent rates ever again. Retarded ass advice and I hope none of you follow this noobs advice.
    I agree with you on this except for this part "Pretty obvious you haven't done any of this shit"

    Opening paragraph states this is not for noobs. An it is also stated that the merch account is the biggest hurdle. Different merch accounts handle and allow different things. There are high risk merch accounts also that allow this type of business model. But they generally charge way more per transaction and you have to have a track record of atleast $40k in monthly transactions to even be considered.

    That being said you can get approved by normal merchant accounts. The key is to maintain EXCELLENT customer service keeping cbs low and also providing a quality product. It seems that the general idea is that you create a shit product. But no where in my tutorial did I state create a shit product. Find a good PLR rebrand it and put a twist on it. If the customer is happy with the product and sees value complaints and cbs will remain below 1% and merchant companies won't care what you do because they will be making money too. This is from personal experience.

    DEFINATELY DO NOT DICK WITH APPLYING FOR A MERCHANT ACCOUNT IF YOU ARE GOING TO HALF ASS ANYTHING.
    Last edited by sampo1time; 02-17-2012 at 07:01 AM.

  27. The Following User Says Thank You to sampo1time For This Useful Post:

    0blivi0us (01-03-2014)

  28. #22
    Join Date
    Jun 2010
    Location
    ghosted
    Posts
    1,514
    Thanks
    343
    Thanked 3,576 Times in 914 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by sampo1time View Post
    I agree with you on this except for this part "Pretty obvious you haven't done any of this shit"

    Opening paragraph states this is not for noobs. An it is also stated that the merch account is the biggest hurdle. Different merch accounts handle and allow different things. There are high risk merch accounts also that allow this type of business model. But they generally charge way more per transaction and you have to have a track record of atleast $40k in monthly transactions to even be considered.

    That being said you can get approved by normal merchant accounts. The key is to maintain EXCELLENT customer service keeping cbs low and also providing a quality product. It seems that the general idea is that you create a shit product. But no where in my tutorial did I state create a shit product. Find a good PLR rebrand it and put a twist on it. If the customer is happy with the product and sees value complaints and cbs will remain below 1% and merchant companies won't care what you do because they will be making money too. This is from personal experience.

    DEFINATELY DO NOT DICK WITH APPLYING FOR A MERCHANT ACCOUNT IF YOU ARE GOING TO HALF ASS ANYTHING.
    Once again...you seem to know nothing about merchant accounts. The rules are set forth by visa and MasterCard... It doesn't matter if you go through merchant provider A or merchant accout provider B...most of them are simply resellers/support for the acquiring banks. They all have to follow the allowable chargeback ratios set forth by the acquiring banks. Internet based businesses is what is known as CNP ( card not present ) and is by nature "high risk". The continuity model (no matter how good your product or customer service is) will be higher than 1%. As far as high risk goes, you're wrong there too. When I got tmf'd by the banks, I had to start a new corp with a family member and apply for a high risk. New business with no transaction records, 15% withholding for 6 months and a 24k reserve.

    Reading a wiki article about merchant accounts doesn't qualify you to give advice about them. The shit you spewed regarding merchant accounts can SERIOUSLY fuck someone's life down the line.
    VAGINAL FLUIDS ON MY BRAIN

  29. #23
    sooyeshun is offline Junior Member
    Join Date
    Mar 2010
    Posts
    112
    Thanks
    3
    Thanked 83 Times in 16 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    The theory is great! These are the things that most 'guru' selling on clickbank do. Except they use clickbank as a platform. The concept works, but for me the maths don't.

    Doing your own promotion with PPC or mediabuys? Your CPC is going to be $0.50 upwards for money making online niche. Pulse360 $1.00 per click, anyone?. If you are very good in driving those traffic. I assume you will pay $20 per conversions. Each conversion you'll make $1.45. So net profit say (-$19).

    After paying hundreds if not thousands of $19 to acquire each customer. You have your stats. You plan to list it on CPA Networks, hoping to make 200k/month..

    Soon you find yourself have new level of problems to face with- chargebacks, frauds..so on
    Also if you have done some CPA marketing on bizops niche. Users just pay $1.95, $2.95 or $9.95 and the conversion pixel fires and you are going to pay the affiliate somewhere $30-40+ ...
    So each conversions basically you are paying $40 and hoping the consumers do not cancel subscription.

    Oh frauds from affiliates, by the time you figure out they are non legit leads, its too late, Network already made the payout @Net7..(don't need to go into that)...
    Last edited by sooyeshun; 02-17-2012 at 08:31 AM.

  30. #24
    sampo1time is offline Regular Member
    Join Date
    Nov 2008
    Posts
    324
    Thanks
    39
    Thanked 268 Times in 60 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by mudbutt View Post
    Once again...you seem to know nothing about merchant accounts. The rules are set forth by visa and MasterCard... It doesn't matter if you go through merchant provider A or merchant accout provider B...most of them are simply resellers/support for the acquiring banks. They all have to follow the allowable chargeback ratios set forth by the acquiring banks. Internet based businesses is what is known as CNP ( card not present ) and is by nature "high risk". The continuity model (no matter how good your product or customer service is) will be higher than 1%. As far as high risk goes, you're wrong there too. When I got tmf'd by the banks, I had to start a new corp with a family member and apply for a high risk. New business with no transaction records, 15% withholding for 6 months and a 24k reserve.

    Reading a wiki article about merchant accounts doesn't qualify you to give advice about them. The shit you spewed regarding merchant accounts can SERIOUSLY fuck someone's life down the line.
    I have no intention of "SERIOUSLY fucking someones life down the line" Everything stated is how I actually went about it. It might not have been the best way to go about it. But the FACT is it worked for me.

    Please feel free to share your knowledge on obtaining a merchant account aswell. I'm sure people would appreciate your improved process on getting approved.

    To all those looking to get merchant accounts, do heed mudbutts warning. Merchant accounts are not to be messed with if not taken seriously. Like I said this is the step that separates the dreamers from the achievers.

  31. #25
    Tenizen is offline Junior Member
    Join Date
    Jun 2009
    Location
    Manly world
    Posts
    113
    Thanks
    40
    Thanked 26 Times in 20 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by mudbutt View Post
    Once again...you seem to know nothing about merchant accounts. The rules are set forth by visa and MasterCard... It doesn't matter if you go through merchant provider A or merchant accout provider B...most of them are simply resellers/support for the acquiring banks. They all have to follow the allowable chargeback ratios set forth by the acquiring banks. Internet based businesses is what is known as CNP ( card not present ) and is by nature "high risk". The continuity model (no matter how good your product or customer service is) will be higher than 1%. As far as high risk goes, you're wrong there too. When I got tmf'd by the banks, I had to start a new corp with a family member and apply for a high risk. New business with no transaction records, 15% withholding for 6 months and a 24k reserve.

    Reading a wiki article about merchant accounts doesn't qualify you to give advice about them. The shit you spewed regarding merchant accounts can SERIOUSLY fuck someone's life down the line.

    AKA: Better have money saved up and make things work.

  32. #26
    sampo1time is offline Regular Member
    Join Date
    Nov 2008
    Posts
    324
    Thanks
    39
    Thanked 268 Times in 60 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by sooyeshun View Post
    Oh frauds from affiliates, by the time you figure out they are non legit leads, its too late, Network already made the payout @Net7..(don't need to go into that)...
    This is exactly the main reason why I did not expand to CPA networks. Would decrease the quality of customers and increase cbs and complaints which would put me in hot water with the merch account. If you look at the biz op offers they offset this by charging ~$90/month continuity. My guess is they must be profitable or they would not have their offer running for long.

    The $200k monthly by gaining affiliates was a guestimate from me. I think charging $90/month is ridiculous for what my backend has to offer and I believe that would shot cbs and complaints through the roof. On the flip note though I have never tested that price point or seen what similar offers backends look like.

  33. #27
    dog-tag's Avatar
    dog-tag is offline Senior Member
    Join Date
    Oct 2010
    Location
    Thailand
    Posts
    813
    Thanks
    341
    Thanked 867 Times in 264 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Thanks OP for this write up, I'm going to be doing something similar shortly, and this write up has given me some more solid ideas and a twist.

    To the guys flaming the OP, and saying he's wrong.. please write in this thread how someone should go about the process of obtaining and running a merchant account the correct way. We all need some constructive criticism, but it's no use if we don't get the proper details back in return.

  34. #28
    Toocoo82's Avatar
    Toocoo82 is offline Regular Member
    Join Date
    May 2011
    Posts
    312
    Thanks
    40
    Thanked 12 Times in 10 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Ok so the issue is chargebacks? So PP would not be the way to go with this.

    What about 2CO, and having the user agree to agreement before this happens?

    But I think the free dvd is another issue too.

    Can anyone give me some insight to this?

  35. #29
    mrperfect314's Avatar
    mrperfect314 is offline Registered Member
    Join Date
    Sep 2011
    Posts
    86
    Thanks
    2
    Thanked 9 Times in 8 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Really good info by op but itsbsadnno one is approciating him since he got very less number of thanks

  36. #30
    Join Date
    Jul 2011
    Posts
    756
    Thanks
    1,574
    Thanked 269 Times in 206 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    I just created my first product so I know how to do it a-z, which makes this thread super exciting as I already know how to do all the hard/technical stuff. Although a good copywriter would be nice...

  37. #31
    jammie's Avatar
    jammie is offline Don't PM Me =]
    Join Date
    Feb 2008
    Posts
    773
    Thanks
    75
    Thanked 442 Times in 190 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Someone just read 12MM, missed out the key points (i.e. product testing, marketing) and rehashed in into this.

    *sigh*.


    The business model isn't new. It works. It's tried. It's tested. Effort is involved. Yes, you can make these figured.

    Had no one ever wondered why acai products do this? Come on, it's basic knowledge.

    These businesses even run on autopilot once setup. The most satisfying thing for me was forwarding orders to fulfillment. Instead of them going straight there, i had a button entitled "CLICK ME TO MAKE X,XXX.XX" (the total value of the orders) which would then be processed for when i woke up.

    Customer satisfaction will kill you in the end, but by then you've got a validated list to back-sell to anyway for future launches in that niche. Sorted.
    Watch This Space.

  38. #32
    sampo1time is offline Regular Member
    Join Date
    Nov 2008
    Posts
    324
    Thanks
    39
    Thanked 268 Times in 60 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by Toocoo82 View Post
    Ok so the issue is chargebacks? So PP would not be the way to go with this.

    What about 2CO, and having the user agree to agreement before this happens?

    But I think the free dvd is another issue too.

    Can anyone give me some insight to this?
    Chargebacks are the main issue only after and if you can get approved by a merchant account. Paypal is definitely not the way to go for this.

    I have no experience with 2CO so I can't give you any advice on that.

    Why would the free DVD be an issue? If you could expand on this question I will give you my insight on the matter.

  39. #33
    sampo1time is offline Regular Member
    Join Date
    Nov 2008
    Posts
    324
    Thanks
    39
    Thanked 268 Times in 60 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by jammie View Post
    The business model isn't new. It works. It's tried. It's tested. Effort is involved. Yes, you can make these figured.

    Had no one ever wondered why acai products do this? Come on, it's basic knowledge.

    These businesses even run on autopilot once setup. The most satisfying thing for me was forwarding orders to fulfillment. Instead of them going straight there, i had a button entitled "CLICK ME TO MAKE X,XXX.XX" (the total value of the orders) which would then be processed for when i woke up.

    Customer satisfaction will kill you in the end, but by then you've got a validated list to back-sell to anyway for future launches in that niche. Sorted.
    Someone who knows what I'm talking about

    Though the general knowledge of of how a acai type CPA offer works is common, I found it hard to find solid information on how to set everything up, what services to use? is this payment processor compatible with this shopping cart? how is rebilling integrated? how are auto orders handled? how are returns handled? how refunds are handled? how to cancel rebills? where to source my product? how to integrate with the fulfillment center? etc...

    My first product was created by trial and error. But when creating other products I just used the same process and everything was streamlined.

    So I know it can very frustrating starting off with no clear path to follow. I just made this thread to help those that may be interested in starting down this path. I can offer insight on everything I layed out from personal experience. But I am by no means an expert as there surely other ways to go about it.

    It is sweet once you get everything running on auto pilot. And the customer service is the worst part of it. I found it best to get that part outsourced.

  40. #34
    Join Date
    Jul 2011
    Posts
    756
    Thanks
    1,574
    Thanked 269 Times in 206 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    So say you have a straight up membership product in those niches and you wanted to go to a cpa network to have it blasted out as you say...how would you set that up? You would be basically paying them to get in on your optin list then hit them with your product?

  41. #35
    spruitje's Avatar
    spruitje is offline Junior Member
    Join Date
    Oct 2011
    Location
    on top
    Posts
    138
    Thanks
    78
    Thanked 63 Times in 42 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    I just read this whole thread and even though I have 0 experience in this type of game and probably would have to spend hours in finding the best way to set this up, it has caught my attention. If I understood all the above posts correctly the main bottleneck would be the merchant account/ payment proccessing right? So do any of you who have more experience with this type of setup have a good alternative?

    @mudbutt: Surely you did not throw the towel in the ring after being blacklisted if the project was earning these kind of figures on autopilot. So what did you use for backup? Not looking for a spoonfeed here, but don't want to screw myself over by not asking either...

  42. #36
    Join Date
    Jun 2010
    Location
    ghosted
    Posts
    1,514
    Thanks
    343
    Thanked 3,576 Times in 914 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by sampo1time View Post
    I have no intention of "SERIOUSLY fucking someones life down the line" Everything stated is how I actually went about it. It might not have been the best way to go about it. But the FACT is it worked for me.
    I seriously doubt you are able to process 50,000 a month in a CNP environment with a product that auto rebills with a normal risk merchant account. When you apply for merchant services, you are asked what you average ticket is, your biggest ticket is, and your projected annual revenue. Did you tell them you were going to be processing 600,000 per year (50k * 12 months)? If you did, they would've reviewed your product and business model and denied you on the spot. If you DIDN'T tell them 50k per month and you surpassed your stated projected income by a big margin, it will once again throw red flags up and your account will be put on hold and reviewed. Upon finding out that your business is a high risk continuity product, they will not only freeze the existing money that is still in your account to cover "future chargebacks" they will seize all the funds from accounts that have your name on it until it matches the TOTAL AMOUNT YOU EVER BILLED THROUGH THAT MERCHANT ACCOUNT.

    The method works for sure, lots of people do it, but they do it with offshore high risk merchant accounts, etc.

    No need to fake it til you make it, bruh.
    VAGINAL FLUIDS ON MY BRAIN

  43. #37
    Join Date
    Jun 2010
    Location
    ghosted
    Posts
    1,514
    Thanks
    343
    Thanked 3,576 Times in 914 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by spruitje View Post
    @mudbutt: Surely you did not throw the towel in the ring after being blacklisted if the project was earning these kind of figures on autopilot. So what did you use for backup? Not looking for a spoonfeed here, but don't want to screw myself over by not asking either...
    I process through a high risk merchant provider that is onshore. I had to get it through a family member as my name is TMF'd (also had to get a new office building because they blacklist the address and company EIN also). I have a 15% withholding on ALL transactions and have to maintain a 24k reserve at all times. Keep in mind, I do NOT run membership sites or use this business model.
    VAGINAL FLUIDS ON MY BRAIN

  44. The Following 2 Users Say Thank You to mudbutt For This Useful Post:

    sampo1time (02-17-2012), spruitje (02-17-2012)

  45. #38
    Toocoo82's Avatar
    Toocoo82 is offline Regular Member
    Join Date
    May 2011
    Posts
    312
    Thanks
    40
    Thanked 12 Times in 10 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    So the rest of us don't get screwed with pp or any other services.

    What are someone good free merchant providers for this type of situation?

  46. #39
    sampo1time is offline Regular Member
    Join Date
    Nov 2008
    Posts
    324
    Thanks
    39
    Thanked 268 Times in 60 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by bigballin6161 View Post
    So say you have a straight up membership product in those niches and you wanted to go to a cpa network to have it blasted out as you say...how would you set that up? You would be basically paying them to get in on your optin list then hit them with your product?
    It is not a straight up membership product. The customer actually gets the free DVD. That just opens up the door for them to trial the membership area aswell. I do not want to go to a CPA network right now, explanation is in one of the posts above. But if one were to go to a CPA network I'd suggest your whole process be tested thoroughly and be seamless. We are on BHW so you can imagine all the shitty or even fraud leads the come in through CPA networks. This would be a customer service nightmare.

    As far as set up each CPA network has their advertiser scout guy. They will want to know your price points and conversion rates and work with you to come up with a competitive payout to affiliates compared to similar offers on their network. They also require around $10k up front to cover affiliate payouts, but I believe this can be negotiated down.

    And you wouldn't be paying for just an optin list. Payout is on CC submission. I haven't gone this far though but if one were to I think it be more fair to payout on the first rebill and not just the initial CC submit. I'm not sure if that could be negotiated but that's what I'd try for at least.

  47. The Following User Says Thank You to sampo1time For This Useful Post:

    bigballin6161 (02-17-2012)

  48. #40
    John. is offline Regular Member
    Join Date
    Feb 2008
    Posts
    429
    Thanks
    133
    Thanked 84 Times in 78 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Jebus... Merchant accounts are serious business


    Quote Originally Posted by mudbutt View Post
    I seriously doubt you are able to process 50,000 a month in a CNP environment with a product that auto rebills with a normal risk merchant account. When you apply for merchant services, you are asked what you average ticket is, your biggest ticket is, and your projected annual revenue. Did you tell them you were going to be processing 600,000 per year (50k * 12 months)? If you did, they would've reviewed your product and business model and denied you on the spot. If you DIDN'T tell them 50k per month and you surpassed your stated projected income by a big margin, it will once again throw red flags up and your account will be put on hold and reviewed. Upon finding out that your business is a high risk continuity product, they will not only freeze the existing money that is still in your account to cover "future chargebacks" they will seize all the funds from accounts that have your name on it until it matches the TOTAL AMOUNT YOU EVER BILLED THROUGH THAT MERCHANT ACCOUNT.

    The method works for sure, lots of people do it, but they do it with offshore high risk merchant accounts, etc.

    No need to fake it til you make it, bruh.

  49. #41
    sampo1time is offline Regular Member
    Join Date
    Nov 2008
    Posts
    324
    Thanks
    39
    Thanked 268 Times in 60 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by Toocoo82 View Post
    So the rest of us don't get screwed with pp or any other services.

    What are someone good free merchant providers for this type of situation?
    I don't think there are any free merchant providers that would work well with this business model. You might want to look in to clickbank's system. I believe it's only $50 or something like that to get going. I think they also offer a continuity payment system. But I don't think there payment page is customizable and also the the rebill terms and agreement are clear and at the top of the page. I'd think this would tank conversions but seems to be working for some people so may be something to look into. I have not personally used clickbank so do your research before deciding your path.

    You may also take a look at CCBILL. They do the processing for a lot of these types of business models. Their cut is on the higher side 15% of each transaction initially. But you do not have to deal with other minor fees and any chargeback fees. % also drops the more you sell and if you do more than $30k/month in transactions % can be negotiated to below 10%. I personally do not have an account with CCBILL but have spoke to them extensively an they are a top prospect for CC processing on future projects.

  50. #42
    Toocoo82's Avatar
    Toocoo82 is offline Regular Member
    Join Date
    May 2011
    Posts
    312
    Thanks
    40
    Thanked 12 Times in 10 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Yeah I was looking at CCBIll:

    United States and Canada

    If your website contains high risk material (VISA considers any website selling downloadable, digital merchandise and/or services or those falling within Merchant Category Code 5967) and you are registering from the United States or Canada, and you wish to Accept Visa, there is a $750 up-front fee and $500 annual fee. This fee is only required for Visa. You will be able to accept all other payment options if you choose not to pay this fee. Visa approval can take between 7 and 21 business days from the time your account is fully active and CCBill has received your Visa payment.

    So what I'm wondering if I can implement CCBill, and then 2CO or something for people with Visas?

  51. #43
    sampo1time is offline Regular Member
    Join Date
    Nov 2008
    Posts
    324
    Thanks
    39
    Thanked 268 Times in 60 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by Toocoo82 View Post
    Yeah I was looking at CCBIll:



    So what I'm wondering if I can implement CCBill, and then 2CO or something for people with Visas?
    I'm not sure about that. But VISA is the most important CC to accept. Roughly 80% of my processed transactions are through VISA.

  52. #44
    timothywcrane's Avatar
    timothywcrane is offline Power Member
    Join Date
    Apr 2009
    Location
    USA
    Posts
    565
    Thanks
    237
    Thanked 215 Times in 133 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    Quote Originally Posted by sampo1time View Post
    All of the above has allowed me to make $1500-$2000/day under my own efforts.....and has not been tested by me personally
    WTF?... LOL. I take it that you have not tried to make 200k-1M with this right?

    I like the pricing model, as that is what you see on TV all the time. I do not see why you could not set this up with a shopping cart and paypal (for those w/o merchant account access) with clear terms and a "no s/h refund policy". Especially if you have a landing with full price, and run the "free" as a "special offer", better yet offing several paid for product on your site and spell out everything clearly in your terms, you should have too much problem. I agree a MA would be best, but I wouldn't let that stop you. Sure, you may get your funds frozen on an account OR TWO, HINT HINT, but you leave with the leads and some cash.
    Last edited by timothywcrane; 02-17-2012 at 10:57 PM.

  53. #45
    tyler_60us's Avatar
    tyler_60us is offline Newbies
    Join Date
    Feb 2012
    Posts
    16
    Thanks
    2
    Thanked 0 Times in 0 Posts

    Default Re: How To Make $50,000+ A Month And Possilby Become A Millionaire - Tutorial

    I swear the classic pyramid scheme has been around for so long and used so many times. but i have to agree with the fact that it works with out fail if you set it up right,

Page 1 of 3 1 2 3 LastLast


Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  




BlackHatWorld on Twitter BlackHatWorld on FaceBook


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108