Warning: If you are looking for quick and easy riches, this is not for you.
Story. (Ignore it if you dont have time for fluff)
Cut to the chase. I am not trying to claim I
make 10.000 without doing any work.
There will be work. It is the essence that
separate the those "who want it" and those
"who do it".
I make my first dollar doing web design.
However, I don't have any technical skills and
everything is done via arbitrage.
As competition eats into my profits, I decided
that I had it, there and then.
After leaving behind a string of failures in SEO,
CPA and the likes in my wake, I decide to build
my own Empire with software.
Here are some of the reasons why.
1) I hate doing video tutorials (info-marketing niche)
2) I have army of affiliates pushing sales for me.
(No need to worry about SEO, PPC and etc)
3) No shipment, dropshipping or any pressure
to meet deadlines. (stress free)
Product Creation with Nothing Down
Wander into a programming forum and find
any programmer who have an existing product
that they want to sell.
This shaves away 40-60% of the time starting it
out all over again.
It is imperative not to wander into IM forums as
most programmers have some foundations of
IM and are extremely fussy about their partners
if you don't have a past accolades of stellar sales.
Moreover, programmers who have a PASSION
for coding tends to follow through rather than
give up because of some unexplained issues.
(someone in hospital or fall sick for a extended period of time)
The usual agreement that I follow is 50/50 rev share.
This keep them motivated and go all out for you.
That is also why small startups tends to outperform big
established venture given the vast difference in time
and resources.
Communication is Key
I can't emphasis it enough. Most people fail in this step
cause of poor communication or they have
too many commitments to follow up.
Stick with a project management software.
Most of them are free. (I personally use Trello)
This allow me to keep track of the progress,
anytime and anywhere without digging into
a mountain of sub folders to find the files I
needed.
Set a series of deadlines for minor stuffs leading
to the final completion instead of setting a deadline
just for completion. This saves frustration and
insanity on both sides of the wall.
Traffic on Steroids
Congrats if you makes it here. Only 1% do makes
it here.
The rest falls in "I have the world most brilliant
trillion dollar idea and I need you to sign this and that"
which never seems to get going.
Well, let's leaves it at that.
Most affiliates only cares about two things.
EPC and Conversion.
The fastest way to get out of this major obstacle
is to copy some of the most popular sites and
retrofitted as your own.
If you are still having troubles getting affiliates,
contact the influencers in the blogosphere and
offer to give lifetime/free licence in return for
free promotions, reviews and testimonials.
One way to find them is doing a Google Search
like this.
Always go for keywords like "Top 10" or "Best [product]"
as people tends to be in a buying mode and hence are
more likely to buy in this stage.
Do not follow the conventional advice of Googling for
product names as they are harder to convert over
given how much they have invest their time and money
seoing/setting up for a particular brand.
Watch your Money flows in
Up to this stage, you should see a trickle of sales in your
inbox.
Divert sales enquiries to yourself and support to your
programmer.
If you are lucky, you will catch attention of the whales
who will buy in bulk or request for reseller options.
Accept their request in return for testimonials which
will aid in further sales of your product.
It is IMPORTANT not to spend those money on chicks,
booze or fast cars immediately.
Do yourself a favour and invest in marketing channels
or develop the software further.
This is a mistake I made which costs almost 100 grands
down the drain.
Product Creation(BLACKHAT)
Find a popular software and make it better.
You can find popular software by the number
of views in a forum thread.
Replies generally doesn't implies the popularity
of the software as bug issues always tend to form
the bulk of the replies in a sales thread.
Xtreme Domination(BLACKHAT)
Dominate the market by coding similar
products and priced against yourself.
By owning a series of products in a
similar market, you are basically trying to
fence out the competitor via price and
volume without losing out at all.
Currently, I am owning several softwares
and this strategy has work out well for me.
On most days, I will be busy doing A/B
testing to keep my affiliates happy.
Hope it helps.
[UPDATE]Xtreme Traffic(BLACKHAT)
Leverage on your main competitor asset
by doing SEO/PPC on their product keywords
and do a well analysed and "unbiased" report
why yours is better.
In this way, you have manage to siphoned
most of his hardwork in a fraction of what
he used to do.
PPC is generally much cheaper and SEO is
also much easier (ya, you get the idea...)
if you focus on your competitor keyword.
[UPDATE]Xtreme Conversion(BLACKHAT)
Include at least 30 days RISK FREE Money Back Guarantee.
(The longer the term, the higher your conversion soar)
Yes, we do encountered refunders every now and
then.
But those people usually make up 1-2% of
the customers.
The way to tackle this is to issue server backend
licencing key and deactivate it once they refund
the money.
Include a forum membership too to reduce refunds
as people tend to come back over and over again,
looking for valuable insight or simply socializing.
In this way, you have build up a virtual team of
volunteers who helps to debug, offer support to
new customers, and giving valued-added experience
on top of your product FOR FREE.
So what are you here for?
Story. (Ignore it if you dont have time for fluff)
Cut to the chase. I am not trying to claim I
make 10.000 without doing any work.
There will be work. It is the essence that
separate the those "who want it" and those
"who do it".
I make my first dollar doing web design.
However, I don't have any technical skills and
everything is done via arbitrage.
As competition eats into my profits, I decided
that I had it, there and then.
After leaving behind a string of failures in SEO,
CPA and the likes in my wake, I decide to build
my own Empire with software.
Here are some of the reasons why.
1) I hate doing video tutorials (info-marketing niche)
2) I have army of affiliates pushing sales for me.
(No need to worry about SEO, PPC and etc)
3) No shipment, dropshipping or any pressure
to meet deadlines. (stress free)
Product Creation with Nothing Down
Wander into a programming forum and find
any programmer who have an existing product
that they want to sell.
This shaves away 40-60% of the time starting it
out all over again.
It is imperative not to wander into IM forums as
most programmers have some foundations of
IM and are extremely fussy about their partners
if you don't have a past accolades of stellar sales.
Moreover, programmers who have a PASSION
for coding tends to follow through rather than
give up because of some unexplained issues.
(someone in hospital or fall sick for a extended period of time)
The usual agreement that I follow is 50/50 rev share.
This keep them motivated and go all out for you.
That is also why small startups tends to outperform big
established venture given the vast difference in time
and resources.
Communication is Key
I can't emphasis it enough. Most people fail in this step
cause of poor communication or they have
too many commitments to follow up.
Stick with a project management software.
Most of them are free. (I personally use Trello)
This allow me to keep track of the progress,
anytime and anywhere without digging into
a mountain of sub folders to find the files I
needed.
Set a series of deadlines for minor stuffs leading
to the final completion instead of setting a deadline
just for completion. This saves frustration and
insanity on both sides of the wall.
Traffic on Steroids
Congrats if you makes it here. Only 1% do makes
it here.
The rest falls in "I have the world most brilliant
trillion dollar idea and I need you to sign this and that"
which never seems to get going.
Well, let's leaves it at that.
Most affiliates only cares about two things.
EPC and Conversion.
The fastest way to get out of this major obstacle
is to copy some of the most popular sites and
retrofitted as your own.
If you are still having troubles getting affiliates,
contact the influencers in the blogosphere and
offer to give lifetime/free licence in return for
free promotions, reviews and testimonials.
One way to find them is doing a Google Search
like this.
Always go for keywords like "Top 10" or "Best [product]"
as people tends to be in a buying mode and hence are
more likely to buy in this stage.
Do not follow the conventional advice of Googling for
product names as they are harder to convert over
given how much they have invest their time and money
seoing/setting up for a particular brand.
Watch your Money flows in
Up to this stage, you should see a trickle of sales in your
inbox.
Divert sales enquiries to yourself and support to your
programmer.
If you are lucky, you will catch attention of the whales
who will buy in bulk or request for reseller options.
Accept their request in return for testimonials which
will aid in further sales of your product.
It is IMPORTANT not to spend those money on chicks,
booze or fast cars immediately.
Do yourself a favour and invest in marketing channels
or develop the software further.
This is a mistake I made which costs almost 100 grands
down the drain.
Product Creation(BLACKHAT)
Find a popular software and make it better.
You can find popular software by the number
of views in a forum thread.
Replies generally doesn't implies the popularity
of the software as bug issues always tend to form
the bulk of the replies in a sales thread.
Xtreme Domination(BLACKHAT)
Dominate the market by coding similar
products and priced against yourself.
By owning a series of products in a
similar market, you are basically trying to
fence out the competitor via price and
volume without losing out at all.
Currently, I am owning several softwares
and this strategy has work out well for me.
On most days, I will be busy doing A/B
testing to keep my affiliates happy.
Hope it helps.
[UPDATE]Xtreme Traffic(BLACKHAT)
Leverage on your main competitor asset
by doing SEO/PPC on their product keywords
and do a well analysed and "unbiased" report
why yours is better.
In this way, you have manage to siphoned
most of his hardwork in a fraction of what
he used to do.
PPC is generally much cheaper and SEO is
also much easier (ya, you get the idea...)
if you focus on your competitor keyword.
[UPDATE]Xtreme Conversion(BLACKHAT)
Include at least 30 days RISK FREE Money Back Guarantee.
(The longer the term, the higher your conversion soar)
Yes, we do encountered refunders every now and
then.
But those people usually make up 1-2% of
the customers.
The way to tackle this is to issue server backend
licencing key and deactivate it once they refund
the money.
Include a forum membership too to reduce refunds
as people tend to come back over and over again,
looking for valuable insight or simply socializing.
In this way, you have build up a virtual team of
volunteers who helps to debug, offer support to
new customers, and giving valued-added experience
on top of your product FOR FREE.
So what are you here for?
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