044: Offer vs. Product: The Easiest and Fastest Way to Make Money Online with Your Membership Sites and Websites, Plus: The Power of the Magic Wand
The Difference Between an Offer and a Product
The Product: This is a solution to a problem. Also called an "information product"
The Offer: Is the whole package grouped/stacked in a way that's really "sexy"
Let's Break Down Information Products
Here's a little exercise for you:
Go to ClickBank.com. At the top there is a tab that says "Marketplace." Click on the magnifying glass. It shows top offers on this site. These are real things that people are looking for-i.e., infertility cures, how to play piano, etc. Since people are looking for them, you know now that these are subjects that people are willing to pay for if you provide an "information product" that will help them fix it.
An Information Product can be an E-book, a video, or a PDF file. It just needs to be digital.
An Information Product is a step-by-step repeatable solution to a problem many people have.
Let's Break Down Offers
An offer is how you "package" the Information Product.
Most solutions involve combining 2-3 things, if not more, so those become your "offers."
This is the "extra stuff" that people will find exciting and desirable.
For example, if your Information Product is an E-Book on "How to Play Piano", your "extras" could be that you're going to teach them how to read sheet music or you're going to teach them how to play the most popular 5-10 songs right off the bat. You could include a monthly video meetup (via Skype or Google Hangout) to talk about what they're learning.
Now, they're not getting "just a book." Anyone can go buy a book and they probably already have and didn't find the answers they were seeking. You are here to take it to the next level and give to them what other's didn't.
What Do You Need To Sell Effective Offers?
Here are Robert's "Geeky Copywriting Terms"...
Features-what it is. In this example, it is an "extra" on how to read sheet music.
Benefits-what you can do with it once you learn it. Once you learn how to read sheet music, you can literally read limitless songs. The benefit is WHAT YOU CAN DO WITH IT. What people are REALLY looking for is what THEY can get out of your training.
The Hook-what the offer hinges on. This is where you boil down your offer to the coolest thing you have included and inform about it in a short, concise sentence. This is what most of your marketing and your follow up emails and your sales copy is going to hinge on. Most people are going to be sold on the one thing because it's the coolest thing you have going on.
Let's put ourselves in the mind of your prospect . Someone just wants to play the piano. They want the shortcut. Your "Hook" would be: PLAY GUITAR TODAY.
That's an easy way to find a hook-take something that people expect to take months or years to learn and show them how to do it in a REALLY short time.
On his IncomeMachine.com, he teaches the 8 things you need in under 3 days. Shows people how to stop spinning your wheels and get something completed.
The formula is: How to get something big in value for little in money in a short amount of time without a lot of unnecessary stuff and fluff.
The Magic Wand-what would you add into this package if you could wave a magic wand, if anything was possible? It doesn't have to be practical. Think big and open up that creativity.
A Short Little Break for Some Quick Thoughts from Robert
Dunning-Kruger Effect: intelligent people tend to underestimate themselves while idiots tend to be overly confident and very often loud. That's okay. Just rest in the knowledge that if you're quiet but very capable that's okay too.
Facebook: Everybody's Facebook persona is better than real-life. When you see someone on there who's bragging every day, just know that they're more than likely overcompensating.
Thank You: Just say "Thank You" when you receive a compliment. It's that simple.
And, now…back to the show!
Let's Talk About Consistent Passive Income
This is your goal in Online Marketing. You want to get to a point where people are continuing to buy from you but you are not working harder than ever to keep up. The goal is to work less and continue having income and grow and excel.
People make a lot of mistakes in this area. Here's where they fall down:
- People think that you can just create a membership site at $5 or $10 a month. They believe they will get 50k customers at a tiny monthly cost who will never remember to cancel it. That's not a way to make money. The way to find real money is to find solutions for people, price it reasonably, have happy buyers on your buyers list and continue to sell to them.
- People just load up their site with interviews, articles and tidbits, etc. That's a lot more work for you and it has no substance and more fluff for them. Again, the way to find real money is to find solutions for people, price it reasonably, have happy buyers on your buyers list and continue to sell to them.
- People want to give a "bulk discount" or a short "free trial" with a payment later on. That's just gimmick-y. You only want to price low (and it needs to be a high value product) if you're trying to build a list to sell higher-priced products later.
- People use "geeky" research tools. Doing all this research on your competitor's blog posts and ads and pricing is not productive. You don't want to look to your competitors just for their pricing. To make this productive, you need to be concerned with what their hook is and come up with something better. The core of your marketing should be fixing a problem your customer has in a unique and fresh way.
- People load up their site up with 20 bonuses, 1000 hours of video, etc. No one cares how many hours or years you worked at something. What they care about is "is this solution going to fix my problem?"
- People get too close to their offers and too in love with their own stuff. They are so worried about having stuff and more stuff, that they end up just churning out crap. Again, think of a problem you're solving, create a product to solve that problem, throw in some offers that mean something and that you can keep active on a consistent basis for people to continue to buy packaged just as it is.
Okay, I've had enough problems! Let's Talk SOLUTIONS!!
What Makes Good Offers... What You Need to Know:
- Not all websites can be recurring membership sites. For ex: "Dollar Shave Club." You're not a startup. You're here to start making money, not invest millions.
- You need to solve a real problem 1-30 days. This is why Robert likes FIXED TERM membership sites. It's easier to make the course and sell it over and over again. The average attrition rate for membership sites is 3 months. If you charge someone $10/month and they only stay for 3 months then you've only made $90 and you constantly have to come up with new content to hopefully even keep them on your site. INSTEAD, solve their problem in a shorter amount of time, package it that way, that's what's on your sales and membership page(s) and you can keep selling that same product over and over again for $150. It's easier to sell once than to keep people engaged indefinitely.
- Sell what you sell. Sell what you sell at the price you always sell it at and make it really easy for the customer to buy it. No one wants to wait 2 hours on a video for a "buy button" at the end and no one wants to pay $100 today and see it discounted to $50 the next day. Both of these tactics will just annoy potential customers.
- Stomach buying from your competitors. That's right, buy your competitor's product. See what they're leaving out and how you can maybe do something better than them. If they're champions, then figure out how you can emulate them.
- Eat your own dog food. Use the products you sell. Make it clear on your site to your potential customers that you use them.
- The Magic Wand (yeah, it's that important we said it twice!) Do something fantastic. If you're Information Product is teaching them how to have their own membership site, do the initial set-up for them and your information product is how they can "run it."
How Do You Present an Offer?
First is The Core Offer. Tell them how many modules they're getting (the ideal number is 4). Every 60 to 90 minutes they get to the next milestone.
Tell them about the bonuses (which are also digital, like PDF checklists). Then, here is the physical bonuses (it could be anything from a DVD to a handheld video recorder, depending on the product you're starting with and the cost).
The FOUR Questions that will determine what you include in your total offer package:
- What do people need to fill in the gaps? Could you send an iPod or camera to record video? Can you hook them up with an adwords coupon to help get them started?
- What new problems do they have now that they solved the first problem? For example, they set up the membership site, now they need content. So, now you have a training on how to record and publish PowerPoint content using a video player.
- Is there anything that can be a shortcut for them? An external service, a "Done-for-You" or even a simple calculator
For example, in DropshipCEO.com, Robert offers a built in software tool that generates an email to all the customers requesting them to leave an Amazon review.
Is there something huge and cool that you could put in the offer that makes them say "Gotta Have It." For example, In Robert's SpeedCopy.com, he includes his huge swipe file.
The "Ultimate Offer Master List"
You need to go "Deeper Focus." Really hone into those things your customer desires.
- Template or Checklist or a Swipe File: For example, a Checklist with How to Play Guitar would ask, "what kind of guitar do you have/plan to buy? Do you plan to play acoustic or electric? Did you buy extra strings?, etc. etc. You want to group these in 10-question sections by break-down of the subject. One guy who does real estate includes a swipe file of all of his successful real estate ads
- Software (can be Web-Based or External): For example, WPNotepad.com lets customers track their own progress through their program on your membership site.
- Or, you could offer a coupon for an external service, like a coupon for Camtasia Studio software.
- Or, it could be a bundled service. Customers who purchase the program at WebinarCrusher.com, get automatic account with "GoToWebinar."
- "Done- for- You": Just like it sounds... do something for them. If you're teaching them the Amazon FBA program (Dropshipceo.com), offer to make their first call to a supplier WITH THEM.
Go for the Low-Hanging Fruit (stuff that's pretty easy to do)
- Mixed modalities: Make audio and/or video for things that are also written. Or, if your Info Product is already in video, provide them with an accompanying manual (use Lulu.com for this)
- Resale Rights: This is a right to resell this and that part of your course. Don't sell the entire course. But, you can give sell them re-sale rights on maybe 3 of the videos in the program.
- Personal coaching: Statistically, only about 5 -15 % of your customers will actually talk to you. Use TimeTrade.com to put up a special link in your site where they can schedule a time to talk to you. Or, give them access to text you with questions (use a Google Voice number for this).
Extra content: interviews with experts. Extra resale rights you bought and re-packaged from a site like Master-Resale-Rights.com. (just don't tell them you did that)
"Go Large" with Enlargement
- Extra Live Webinars: like a monthly recurring webinar where your customers can have a Q & A session.
- Physical items like DVD's: (use Kunaki.com) or cameras, etc as discussed above
- Offer them "community": Facebook Groups or Forums (the tricky part about forums is either a ghost town or a mess that you have to moderate).
- Certification Directory: Dr. Charles runs membership sites for different surgery procedures. As part of other doctors paying him monthly for access to the instructional videos, they're part of a directory. Then, when Dr. Charles advertises, and someone seeks him out, they will find a physician near them trained in his methods.
- Live event: "I'm going to teach you how to do this at this time and this place" on't offer this without an actual date or hotel booked. Or, you can rent out a smaller space, like a loft (check out AirBNB.com).
- "Bundle It": Buy a program from this site and get access to an additional site.
10 Built-In Benefits that Should Come with Every Offer
- Proof and results
- Customer support
- Up to date
- Guarantee refund
- 24-7 access
- Lifetime upgrades
- Access to course forever
- Community (means what you want it to mean as much or as little as you want)
Robert's Closing Thought: When someone google searches your name what comes up? Make sure it's what you want them to see!
Use WordPress to setup and manage all your sites: blogs, sales letters, membership sites...
Use our Plugin Dashboard plugin to click around and setup all the anti-spam, navigation, SEO, security, management plugins and more (plus get your themes and settings the way you want them in just a few seconds)...
And finally, use Backup Creator to create a copy of your site for safekeeping and to clone the next time you create new sites. Backup Creator now protects over 91,000 and will automatically backup your site to Amazon S3, Dropbox, Google Drive, plus the 1 GB of free storage we give you as our personal "thank you" for using our plugin.
Membership Sites Are Just “On” or “Off”: Get to Drip Content, Dashboards, and Continuity Later (or Maybe Never)
An online web-based digital membership site... you have a web page (a sales letter) where you offer to solve a simple problem: play guitar, reduce man-boobs, get your ex back. People click a button to buy the solution (a set of videos that play directly in their web browser) and they're taken to a member's area where they watch videos solving their problem.
A membership site: you need it to handle downloads whether you're running a single payment site ($10 one time, and yes, membership sites DON'T have to be recurring)...
Fixed term site (X number of payments) or forever-continuity (i.e. $37/month)...
And I don't want to tell you about how tough membership sites were during the "dark ages": your choices were either a $4000 piece of crap software that was old (even then) and didn't work right, or $400 per site and it literally took at least a week to connect the membership piece to WordPress, PayPal, and your email autoresponder...
- You need to have a membership site
- It needs to run in WordPress (so you can use your favorite themes and plugins with it, and it's setup in just a few minutes)
- You need to host it yourself (hosted services that "do it for you" always end up lacking in what you want and a huge chunk of our coaching clients deal with people who want to migrate OFF those hosted membership platforms)
- You need to get that membership site setup as FAST as possible and get your FIRST paying member as FAST as possible (even if it's just $10 one time)
The things that have always made money like having a sales letter and building a list STILL make money!
Can I tell you what made a huge difference when it came to setting up membership sites?
It's This: Your Membership Site Is Made Up Of "Levels"
Let me explain... NOT the way "they" explain it... they tell you to "setup levels for Silver, Gold, and Platinum." Or, "setup a level for your beginner golfing course with 24 lessons and then another level for your advanced golfing course"... that doesn't help anybody!
This makes more sense to me: sell access to your $100 (one-time) course on How to Buy and Flip a House. Create a single "page" in WordPress (it's ok if you don't know what that means yet) and pile your videos in there (I recommend four modules of 60-90 minutes each to get people to each milestone when it comes to buying and flipping a house.
Create the content (videos) for that site, put it in a membership site, create a 1-page "sales letter" listing a simple headline and 10 reasons people would want to grab your house compared to the alternatives. Add a PayPal button (a way to take payments online).
You're done at that point...
You can always add or change things later, like increasing the price from $100 to $497 to $1997 or add a second button next to it to give people the option for a payment plan.
THEN the next "course" or "page" or "level" (if you create one) would be called How to Buy and Rent a House. Not Advanced House Flipping, or House Flipping Volume 2. You find another NEED or PROBLEM people have and you solve that.
No one cares about your 400 hours of video...
No one cares about tips, tricks, interviews, tidbits -- get me from Point A to Point D and that's all you have to do.
Just take PayPal payments for now, don't worry about fancy stuff like an affiliate program (Clickbank) or taking credit card payments over the phone (Stripe)... the grass is always greener on the other side and what's more important is that you have SOMETHING rocking and rolling... just get to that one sale...
Don't worry about drip content (as the membership site owner, you're the only one that really cares about that) -- although we include our WP Drip plugin (we've been using it for over 6 years now) inside our Membership Cube course which also includes Wishlist Member.
Don't worry about organizing your content into a fancy "dashboard" just yet -- it's actually much easier to create the content (videos) first, pile them all on a WordPress "page" and then organize them... as opposed to trying to fill in a bunch of empty cubby-holes...
Membership Levels Explained: Don't Make This More Complicated Than It Has to Be
You make this real estate membership site and you have your "House Flipping" level and "House Renting" levels. It's much easier to use Wishlist Member. Most membership plugins that aren't Wishlist, even the WordPress ones, don't use "levels." When you use levels you can set one single page for that level, mutiple pages (and sub-pages) for that level... you could have a "Bonus" page that both levels share. It makes things a lot easier.
Now for one of my biggest breakthroughs with membership sites... levels are "on or off."
Someone buys the House Renting course from you, they pay, they create their membership account with you, now they're on the House Renting level.
Maybe they refund or they join using your payment plan and they eventually "cancel" or stop paying for that payment plan. PayPal sends a signal over to your membership site and "cancels" them from that level.
So you can see that they "used to" be on that House Renting level, but they're now disabled from it, so they can't access the pages or pages (or posts) you've assigned to that level.
On or off. Your membership site doesn't care or notice what price they're paying, or if they're paying every 30 days or 60 days or on a trial payment or whatever. They join, they create their account. If they cancel or refund, PayPal sends that signal over to cancel them from that level.
You can host multiple products (levels) within the same membership site. You can change the price of your button later (just edit the page on PayPal's screen, takes 30 seconds). You can add a fixed-term (payment plan) button to give people the choice between paying the whole $997 or in installments. You can walk the price up as you pile in more members until you encounter price resistance.
Heck, I've even started sites as forever-continuity (people pay $37/month) and then when I become tired of updating it, I just switched the button to a single payment and it was now a "package" of videos and content...
- Use a membership site.
- Use WordPress. (1-click clone included in Membership Cube)
- Use levels. (Wishlist Member, included in Membership Cube)
- Use PayPal to take payments. (easiest to get started, you can always switch out the button later)
- Worry about drip content later. (also handled by WP Drip included in Membership Cube)
- Re-organize your content into a dashboard later. (We use TablePress, shown in Membership Cube, but save this after you get your handful of members)
Your biggest enemy is that expanding scope and making things too complicated so why not get on the shortest path to making money right now?
Do you find yourself struggling with when you should be Hands-On vs When You Should Outsource? Robert shows you how the E-Myth can help you make the most effective decisions.
Robert is the author of Double Agent Marketing-a book about how to do the "day job" while starting up a successful online marketing business.
When you're starting an online business, sometimes you have to be in the "Must Have" mode and sometimes in the "Nice to Have" mode and you need to know the difference between the two.
Must Have: an online platform and a product. You won't achieve any income without these two in place
Nice to Have: attractive business cards, pretty graphics, multiple social media accounts
The average person attempting to make money online and failing has nothing for sale. They're focusing on the "nice to have's" which give the illusion of productivity but they are not income-makers.
When you're building your online business, you're in one of two places:
You want to increase your online income or you want to scale back the number of hours you're working on that business so you can spend more at home and doing the things that you enjoy.
People get into online marketing so they CAN achieve having more time to do the things they enjoy. What Robert keeps hearing from these entrepreneurs is that, in order to achieve this, they have to outsource everything.
But, you have to start somewhere and even Jeff Bezos, the founder of Amazon, started by driving packages to the post office himself.
Let's Talk about Outsourcing
You DO have to be hands on when you're first "out of the gate"
People can get discouraged at first because they feel like they are doing all the work themselves and aren't seeing much initial progress.
The solution to that problem is to go for the first shortest path to making money--making an information product.
This will make you a handful of sales but most importantly, you'll start building a list of customers and build a relationship with them. You can start "talking" to them about what they're interested in, i.e. what kind of products will they buy in the future.
Then, you make the next biggest product. You start to grow, you start to raise capital. You won't ALWAYS have to invest 100% of your time in this business but as you grow, you can add "outsourcers."
Why else is immediate outsourcing a bad idea?
You need to know exactly what is going on in your business. You need to know the in's and out's.
"Learn enough to be dangerous."
Let's say you want to develop an app. You need to teach yourself how to get an app submitted, what it takes to market it, and then source code. If you hired out all of this, what happens if you want to add new features or the app developer you used goes out of business? You are locked out of your own product!
This is why YOU need to learn the basics (and even more if possible) so that the future of YOUR business does not depend on an outsourced agent.
Most of the time, the outsourced job will never be done to the level that you would have taken it to. This is not the outsourced agent's business-it is YOURS. So, you end up taking even more time to check on the progress of the work, pay the agent, etc. Then, you feel you have to hire a manager to take care of these things and then you feel the need to oversee the manager. It becomes a vicious cycle. This is where Checklists come into the mix and they are vital.
If you outsource everything, you won't see any profit! If you are constantly paying everyone else to do tasks that you can and should be doing, especially at the beginning of your business, you will not see any profit and therefore you will not stay productive or motivated to keep driving forward.
The E-Myth: One of Robert's favorite books dealing with Systematizing your Business
A. The Fat and the Thin Person Mentalities
a. Everyone has BOTH in their natures.
b. It means that one day you wake up and you feel like a fat person and you're on the wrong track so you say you're going to work out, eat right, etc. This generally lasts a few days until you "feel thin" and you fall of track. Most everyone fluctuates back and forth between the two.
c. What this means in practical terms is that generally once people get "on track", they take a break and then things go off the rails again.
d. What's the solution? Solve a problem BEFORE it becomes one.
i. For example, when Robert and Lance first started out, they had fixed-term membership sites. Initially, they'd get a lot of members but when he looked ahead a few months, he realized their income would drop off a cliff.
ii. So, he put new products in place to generate income so that does not happen.
B. The Differences between Workers, Managers and Entrepreneurs
a. Worker-just follows instructions. Does not really care about the business itself. An example would be a support desk employee. Their only responsibility is to take support calls and fix the issues.
b. Manager-keeps things neat and organized. Examples are accountants and IT techs.
c. Entrepreneur-the "creativity" behind the business, the one generating ideas.
C. Job Titles
a. List out the job titles in your business. Don't go crazy and list 50, just do about 10. An easy way to think of this is "how many hats are you wearing?"
b. Examples would be sales copywriter, graphic designer, customer support, product creator, etc.
c. Then, you start with the one with the least amount of thinking involved and/or what's the one that if the resulting work is not perfect to you, it would not be the end of the world? THESE are the positions/responsibilities you want to outsource.
D. The Checklist-this is the CORE of our discussion
a. Even though you may not need perfection (as discussed above), you NEED consistency for your business to thrive.
b. Think about a hotel. In a hotel, housekeeping comes and changes the linen, vacuums, puts out new water glasses, etc. Although it may not be perfect every time, any single person in that hotel could do it effectively because there is a CHECKLIST that outlines what has to be done in every room.
c. Even when you have total mastery over a subject, the execution of it will never be consistent unless you have that Checklist to work from.
d. In all of Robert and Lance's programs, they have Checklists that you would personally use. For example, in PodcastCrusher (www.podcastcrusher.com), a Checklist would include:
- Use this headset to record
- Run a Mic Check
- Resize your Frame, etc., etc.
You break down each task into sections so that you can easily outsource pieces of it that you may not want/have time to do. Perhaps you want to create the podcast, but you don't want to do the publishing tasks. If you've created the Checklist for Publishing your Podcast, you can outsource that to anyone to pick up and as long as it's followed, you could have multiple publishers over a period of time and still provide a consistent product over and over.
Let's Talk about An Easily Outsourced Element of your Business
One of the first, and best options, for outsourcing in your business is going to be customer support/help desk.
When you're first starting out, it's fine for people to email you once or twice a day. Oce you get over that volume, it becomes impossible to keep managing those responsibilities and get anything else done.
Robert and Lance used ZenDesk when they first reached that level. It is really cool software that, when people email you with issues, it creates a "ticket" and you can then assign that ticket to a particular person in your organization or an autsource agent to remedy the issue. For example, you may get 3 tickets for people wanting refunds and 2 tickets for people who've forgotten their password. You can now assign those "tickets" to outsource agents who will handle those requests for you.
You can easily find outsourcers/freelancers on oDesk (now called Upwork).
On this website, you can pay someone by the hour to resolve the ticket(s) and you have the added bonus of seeing what their screen looks like while they are working so they cannot overcharge you.
You will also need a help desk/customer support system that provides canned responses to certain issues. In reality, you probably really only answer 5 to 10 types of questions, no matter how they're phrased by the customer. Depending on the problem, the customer gets a canned response back asking for further 3-5 pieces of information, then depending on that, the ticket is assigned to the correct person to fix the problem.
Because you know about the 5-10 repeat help desk queries you get, you can now "Checklist" your help desk so that any outsourcer/freelancer/employee can take that email and/or ticket and resolve the issue without you having to do it.
What would happen if you died today?
When you're running a business, you have a lot of people depending on you: your family, your business partners and your employees.
You have to think about: If something happened to me today, what processes do I have in place that will keep this company functioning and moving forward?
Use those processes to formulate your checklists!!
Robert's Book Suggestions for Today:
And, don't forget to check out:
042: Finish Now, Revise Later (How To Actually Get the Results and Income You Want in Your Internet Marketing Business)
Tune in today (in fact, right now) to discover how to "get your head on straight!" Get your business built up to the level you want, as fast as you want, while you're excited each and every day and growing bigger and bigger every day...
Someone who hates you normally hates you for one of three reasons:
1. They see you as a threat
2. They hate themselves
3. They want to be you
Today's program is going to be very different than the normal format because we're going to jump around between real money-making case studies, mindset, mistakes I've made and the things YOU PERSONALLY can do to incrementally improve your business as your income increases and you gain simplicity and clarity along the way -- finish now and revise later!
How do you get the results and the income you want from your internet marketing business?
Tip #1: Self-Actualize
Be aware of the little crutches you fall back on daily that keep you from achieving your goals and keep you from being confident. When someone asks how you're doing, instead of saying "Good", change it up to "Fantastic", "Wonderful", etc…
Also, be aware of these "negative" words, Robert's 3 pet peeves:
- Try: sounds like you're not even going to attempt it, whatever "IT" is. It is like you are giving yourself permission to fail. Instead, say "I'm going to do"
- Work: sounds like something you don't want to do, like labor. Instead, say "I am (doing) this today", for ex. I am formatting my website today. Use an action.
- Start: just like "try." Sounds like you're only going to get halfway done. Instead, use action again, such as "I am meeting a client today about my product."
If you complain all the time, you cement your ideas. If it's your belief that internet marketing is a scam or that you have to make only minimum wage, or someone else has to lose for you to win, anything you discover or new information, will only reinforce that. If information comes in that contradicts those beliefs, you're going to find a mental block/way around it instead of being inspired by it.
Tip #2: The Rule of FOUR: The Best Way of Increasing Productivity
Complete 4 tasks every day. They can be 4 big things or 4 small things but the best combination is 3 things at 45-60 minutes and a 4th thing at about 15 minutes.
Fancy planners and endless to-do lists get so bogged down and leave you feeling unmotivated.
Successfully finish 4 tasks today, call it a day, and you are ready to succeed again tomorrow!
Robert's program, www.incomemachine.com, has a Facebook group where each member posts their 4 things for today, every day.
Tip #3: Finish Now, Revise Later: The Substance of Today's Podcast
You do NOT have to wait for something to be perfect. Finish it for NOW and you can make revisions later. What matters is that you have something on the table NOW that you can offer customers.
Why does Finish Now, Revise Later work?
You will start earning money to keep motivated and productive and inspired to keep growing and developing your business.
You can see what sells and what doesn't. You want to concentrate on your best sellers.
It's very important to start selling your product so you can see how people use it. You don't want to keep adding elements to it that people may not use and therefore waste your time and effort.
Example: Netscape Navigator "Blink Tags." Developers did this because it was "fun" to develop-but it doesn't make any money. In the same way, a lot of internet marketers spend entirely too much time on business cards, fancy logos, building Twitter followings, but those things do not make money. Get a product out there that does!
Let's talk about "Backup Creator" (www.backupcreator.com)
This is a WordPress plug-in that allows you to back up your WordPress site, as well as clone it so you can keep using it to make new sites.
This took about 3 days to make and it was not perfect but Robert and Lance put it out anyway because it was finished ENOUGH. It functioned and it did what it promised to do. Along the way, there were little hiccups and de-bugs they've had to make but if they had waited the last 3 ½ years until they thought it was perfect, they would have lost 3 ½ years of income PLUS the opportunity to see what worked and didn't. Along the way, they've made some upgrades and now it's just a matter of maintenance. At time of airing, Backup Creator is powering about 85 THOUSAND sites-imagine if they had lost all that opportunity by constantly waiting to "finish."
Tip #4: Avoid the "Money Zone"
What is the money zone? It is the zone of your lowest to your highest income.
If you are in the "money zone", you are either in a situation where you will make a certain amount of money no matter what happens in your life, which is holding you back AND the flip side of that is when you have an upper limit, no matter what you do, you'll always find a way to self-sabotage getting past that point.
You don't want to be TOO tactical OR too strategic.
Tactical: you're only looking ahead to your next installment, say $100.
Strategic: you're planning 10-20 years down the road
The first step to fixing this is realizing you have this mindset and start to think differently. Just TODAY, think about what you can do differently to increase your income NOW.
For example, with Backup Creator, Robert and Lance thought what else can they do to increase money on the success they were already having with this product?
They started the Developer License that people can purchase as an add-on after purchasing Backup Creator. It is no extra work for them to maintain, it is simply a license for buyers to use it with their own clients to keep producing new sites. This is an additional income stream. They thought not just about their next $100, they had ideas of increasing their success, but they didn't get so far ahead that they got bogged down in details and couldn't make another move.
One final thought:
Be very careful with lifetime memberships. You really have to analyze the averages that people pay, how often they renew, etc. You do not want to offer a lifetime membership on a product that people would continue to renew on a yearly basis because in the end you will sell yourself short, have to keep working to add new upgrades and content, and start working on a less by less hourly basis.
For more great guidance and tips on Robert's system, you can also visit www.incomemachine.com.
This will help you get something out there, get to your first $100 or $1000 and get yourself motivated!!
If it's important, you'll find a way. If not, you'll find an excuse. -- Jim Rohn
If you don't build your own dream, someone else will hire you to build theirs. -- Tony Gaskins, Jr.
Join us on today's episode of the Robert Plank Show where we discuss passive income, your point and click online funnel, and more, including:
- 8 things to give up: 1. self rejection, 2. negative self-talk, 3. criticising others, 4. being a people pleaser, 5. fear of failure, 6. procrastination, 7. holding onto grudges, 8. expecting perfection
Three areas of your business: list, traffic, and offers
Be aware of your own cognitive dissonance: we choose our beliefs first, then find evidence to back it up
Point & Click Content: How to Fill Up Any WordPress Blog with Posts or Pages in Just a Few Clicks (Using WP Import)
Check out how easy it is to load up your WordPress blog with content using our WP Import 2.0 plugin:
Download WP Import Now: Just $7
(Opens in a New Window)
Physical Products: Kunaki for DVDs, CreateSpace for Books, Lulu for Manuals, Amazon FBA for Everything Else
Selling any kind of physical product online is easy, and FREE -- "they" usually just take a cut -- if you know where to look...
- If you want to sell a box of physical DVD's or CD's, Kunaki.com is the cheapest (and IMO easiest) place to do it -- just upload your DVD and artwork for the disc and case -- or use their built-in artwork creator
- To sell a physical book (softcover or hardcover) that's at least 25 pages in length, whether it's 6x9 or 8.5x11 or any weird size, use CreateSpace.com -- upload your interior (Word document), graphics for front cover, back cover, and spine (they also have a cover creator)
- If you need to get some books and manuals printed PRIVATELY, such as manuals ("textbooks") as a bonus for something like a paid course, use Lulu.com. Once again, upload Word document, upload cover or use their editor -- but the difference here is your books are NOT out in the open publicly. You order them on your own and set your individual customer's address as the shipping address
- To sell just about anything else, from a product like a supplement or kitchen utensil you sourced from China, or "As Seen on TV" items you picked up at the local discount store, use Amazon FBA. What's great about Amazon is you can either ship the items yourself, or mail them all at once to Amazon's warehouse and THEY will handle delivery to those individual customers
Avenue #1: DVD/CD Boxes with Kunaki
Avenue #2: Physical Book with Amazon CreateSpace
Avenue #3: Sell (Almost) Any Physical Product Using Amazon FBA
Can I see what you are selling these days? What is the URL to your physical product?
If you take longer than three days to go from having an idea for an information product to having a buy button online, then you're doing it wrong. I want to ask this to you today, but you don't have to answer it:
If you HAD to put that info-product online within the next three days…
if you absolutely had to, were required by law,
faced death and the loss of your family if you didn't…
you'd find a way, wouldn't you?
REAL Information Products (Most Info-Marketers Miss This)
Let me explain an information product: people have always and will always want to discover how to play golf or learn the guitar…
But they don't want to walk into a music shop and have someone pitch to them, they're afraid of looking foolish, they don't want to pay hundreds of dollars a week to a guitar teacher… they don't want to a commit to a community college class or have a family member teach them…
They need you to give them a "package" usually of pre-recorded videos that get them from point A to point B. You're cutting through the "academic" crap and actually SHOWING the simple way (you actually explain a part of guitar playing and then play it on-camera).
Because you're ROCKETING towards the goal of them being able to play these three popular songs on guitar, you can avoid the long tedious "intros" or fanfare about the history of the guitar. You just get right to it. Get right to your system.
Fear of Launching
It frustrates me when I meet someone at an offline event, for example, and then I "run into" them a couple years later on a forum or Facebook group and I see that they're still not making money yet…
I don't have to tell you why this is:
Reason #1: no real sense of urgency: this person has another stream of income so there's no real motivation to make any money online
Reason #2: fear: it's as simple as that. I remember having my first information product (a collection of PHP scripts like a calendar plugin, quiz plugin, basic email autoresponder, etc.) ready to go and WAITING for a week. I asked this person and that person if I should put it out now, or wait longer? What if it was a flop? Shouldn't I add more bonuses? Was the price right?
In reality, I was asking around for the answer I wanted all along. I was hoping someone would tell me: don't put that product out yet, wait 6 months until this happens, or spend 3 months adding these bonuses so you can double your sales. Yeah right.
Let's say you had that guitar course. What's the harm in buying up what's called "private label rights" (just do a Google search) about guitar? Someone's already recorded videos doing what you want to teach, that you can buy for $20 or so.
After it's COMPLETE and selling, you can go back and decide if you're unhappy with the existing videos. Maybe you want to change the course to recommend the ONE specific guitar for beginners? And provide your Amazon affiliate link and also get them to buy a specific tool to make learning the chords easier -- or perhaps you mail this to them as part of the course…
Do you get it? Get something simple online (as simple as possible), focus on making sales NOW and improve later. It'll never be perfect, just improve incrementally.
"Lack of time is actually lack of priorities."
-- Timothy Ferriss
Reason #3: confusion: that all sounds great, but how the heck do I buy these resale rights? How do I record video? What do I use to host my site or my files?
24-Month Shortcut: Use PayPal to Take Payments
What about taking payments? Seriously, I've seen way too many people LOSE OUT on their internet marketing success, or have it delayed by TWO YEARS or longer just because they were confused about how to take online payments. I can't use PayPal… they don't have a 1-click upsell and they don't let me take offline credit cards! Maybe I should use Stripe, InfusionSoft, Ontraport?
Question: do you have a 1-click upsell ready to go? No you don't… that's something you can add later and it's not going to make or break your initial product sales…
I understand… you "might want" to take direct credit cards someday. But how about you forget about that for today and cross that bridge when you come to it?
The answer: use PayPal. Just do it! Not because it "has the most bells and whistles" but because you'll have something up and running today.
Income Machine System
As far as hosting your site, our Income Machine shows you how to register a domain name with NameCheap, get a Baby Account with HostGator, point your domain to your web hosting, now someone can type in Example.com (get a dot-com and not a .net or a .biz or anything like that) and end up on your (blank) website.
"Great things are done by a series of small things brought together."
-- Vincent Van Gogh
What do you put on that website? WordPress, so that you don't have to learn HTML coding or how to upload files, and then our Paper Template so you can have one of those "piece of paper" looking sales letters…
With Paper Template, you can click one button and create a sales letter (pre-written, just fill in the blanks and delete what you don't need). Click another button to create a simple download page (hidden from your navigation and the search engines).
If this all seems confusing, it doesn't have to be… inside our Income Machine course, we give you a clone that you can stick on your site so you have SOMETHING setup that you can edit…
At this point you have a "template" of a sales letter (the front page of your site or the .com) and a "template" of a download page (one single page). Now what???
Step 1 of 3: Resale Rights & Download Page
As I said before, resale rights are a great starting point for your product because it means you can setup something for now and improve later. You can pay somebody a one-time fee (usually $10-$20) and in exchange, get the rights to place their videos and sales letter on your own site, keep all of the money, and make any changes you want including putting your name on it, rename the product, edit it as much as you want.
I know what you're thinking. Resale rights, only 20 dollars, it must be crap. A lot of resale rights are low-quality, especially things like written articles, but in my experience, PLR video is usually decent. Sometimes you get stuck with a bad PowerPoint-based product, but most of the time the videos show them actually taking some action.
For 20 bucks they'll give you a large 400 MB sized zip file with videos. Download, right click and unzip, verify that you're allowed to sell them and do what you want with them. Then re-zip JUST the video files. They're usually MP4 or AVI files. In Windows, select the files you want, right click, Send To, Compressed Folder.
What do you do with that zip file? WordPress has a way for you to upload SMALL files such as images, but for a larger download, you can use your web host's cPanel File Manager to upload right into what's called your WordPress "upload" folder. You don't need to install any software to upload files to your site.
Then you can browse to the Download Page on your WordPress site and link to that zip file for someone to download. As a bonus (if you know how to do this) you can upload the MP4 files individually to your YouTube account and set them to "unlisted" so they aren't public but you can place them right there on your download page.
Step 2 of 3: Sales Letter & Payment Button
You have a way for someone to claim and get their download, now let's create a way for someone to pay you money and get access to that download. (It's a lot easier by going backwards in this way.)
PayPal allows you to create a "buy now" button (we also show this inside our Income Machine course) where you basically tell PayPal: I want to sell a product with this name (what people see on the checkout page and on their payment receipt), for this price (i.e. $7.00 one-time), and send them to this specific URL only if they pay. This is your download page.
Once you've created the button (hosted at PayPal), they give you a special link or button you can place on your page. Guess what? If you had nothing else but a "piece of paper" template with nothing on it other than that button, you still have something for sale!
If you have five minutes of free time, stick a headline at the top of the page. Paper Template has dozens of headlines built in (I've distilled all of the various headlines that make sense on the Internet down to just a few). We are the only sales letter plugin out there with a built-in swipe file.
If you have five more minutes, add ten bullet points under the headline giving people just ten good reasons to buy your course on guitar, or ten things they'd walk away with after completing your paid course.
Step 3 of 3: Membership Site & Email Sequence
Notice I deliberately left out the "fanciness" that comes later. You have two choices: either try to ten things in "parallel" (at the same time), get tripped up, eek along and have ten things at 10%, ten things at 20%, ten things at 30%... or do it in "series" (one after another). Knock out your download page. Knock out your payment button. Knock out that basic sales letter.
THEN you can add in fancier stuff later. An easy example is your membership site. Create a separate WordPress installation in your "members" folder, create a SINGLE PAGE download area, and create your new payment button and switch it out onto the sales page. (Income Machine includes our Member Genius membership plugin.)
Keep in mind this is a membership site where people only pay ONE TIME and only get access to ONE PAGE. The only improvement is that they now create an account to login and get back to that single download if they need it. If you want to add a 2nd page, other levels such as an upsell. That comes later.
Most people are setting things up in the wrong order. They create the "nice-to-haves" first instead of the "must-haves." They create their opt-in page first, their email autoresponder sequence, then they get tired and don't actually create something to sell. Complete things that make money first!
What makes money: sending paid traffic to that sales letter, breaking even on the ad cost, and building a list of buyers. Joint ventures and affiliate traffic. Building your list. Mailing offers to your list.
"The best time to plant a tree was 20 years ago. The second best time is now."
-- Chinese Proverb
What good is the best information product in the world if no one actually buys it to see it? Get it online, get it selling, and when you're looking to improve that product… instead of throwing out the whole product to start over, think about this instead:
What step-by-step checklist or template can you give someone to make better sense out of those existing PLR videos?
No one cares about how many years you've studied guitar, how many hours the videos are (in fact, if you say there are 100 hours of videos, it talks me OUT OF buying), or how many pages are in the transcript.
They don't even care about "work" or "learning." They care about getting the result they paid money for, while having the most fun, doing the least amount of work, and getting it in the shortest amount of time!
That means your guitar course can have an additional checklist that says… buy this specific guitar, buy these strings, buy this pick, buy this equipment. Master these finger positions. Show you can properly mark time in this way. Play the background part for these five very simple songs. Play these five simple guitar solos.
Give people some easy tasks to check off. You can create any kind of checklist or fill-in-the-blank component in your membership site using our WP Notepad plugin.
If you can get rights to a piece of software or app that helps people to play the guitar, or recycle your early profits into outsourcing such a thing, that's another component you can use to improve your offer. Add in a 30-minute video Skype consultation (using TimeTrade to schedule the appointments) keeping in mind that only 10% of your customers will take you up on it, you'll record it and add it to a section of the member's area, and it's something you probably would have done for free anyway!
"There is only one way to avoid criticism: do nothing, say nothing and be nothing."
-- Elbert Hubbard
The easiest way to start making passive income is with an information product. The quickest and simplest way to sell that kind of product is with a piece of paper looking web page such as Paper Template.
My question to you today is:
Where is your sales letter?
Be sure to post a URL below with a page of yours that has a WORKING buy button.
I'm curious and I'll be checking it out soon. Thanks.Any other ideas?
If there's only one single "word" you should keep in mind for your online business in 2015 and 2016, it's this word: "complete."
If you have a buy button or an optin form online then you’re ahead of most people. It doesn’t have to be perfect as long as it’s complete. You can always improve later.Please take a moment to comment below.