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Colin Meunier
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My Money Machine Formula
Making Money With MLM & Affiliate Programs
The
Key "secret" to making money on the Internet with MLM & Affiliate
Programs is to create multiple streams of income. This is the
process that others and myself are using to create a secure business
portfolio. In fact this is so important I am going to say it three more times.
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Create multiple streams of income
Create multiple streams of income
Create multiple streams of income
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The following is my recommended simple
step formula for creating multiple streams of income with MLM
& Affiliate Programs without being spread too thin.
Step 1. - Take inventory and set your goals.
Ask yourself how serious you are about making money online.
* What do you want to do?
* Do you want to do this part-time or full-time?
* Do you want to start part-time and develope a full-time income to replace your current J.O.B?
* Do you want to be a top affiliate or just make a bit of money?
* How much money do you have now to start and market your business?
* How much money do you want to make?
* How hard are you willing to work?
You have to figure out what your intension is with starting a
home-based business and making money online. You have to set your
goals. Figure out where you are at now, and where you want to go,
and what you want to be.
To be honest, if you are really serious about building a business and
creating a full-time income online, you are going to need some money to
start your business and set it up as well as marketing. I am not
going to give you a bunch of hype and tell you that you can do this all
for free, or that it will all come easy. You are also going to
have to work hard at building an online business.
Step 2. - Create the time to build your business.
You
must schedule in time to build your business. This is something
that most people do not do when it comes to their home-based
business. This is also why the majority of people who start a
home-based business do not succeed in the way of making a full-time
income. If you recall in step 1. I mentioned you needed to decide
whether you wanted to do this business part-time or full-time, there is
NO choice of spare-time. You can not build your business in the
spare-time, because you have no spare-time.
Here are 3 areas you need to devide your time into:
1. Learning - You need to be constantly improving your knowledge in business,
sales & marketing, and personal growth. The moment you stop
learning and growing is the moment your business will stop growing.
2. Taking Action - You need to take
action on your plan. Its not enough to just have a plan, but you
need to take action on that plan.
3. Measure Your Results -
This is where you take into account where you are doing well and where
you need to improve. You also need to track and learn where your
marketing is doing good and where it is not, so you can focus on where
it is more.
Step 3. - Start building your list.
"Any Pro will tell you: The Money's in the List! "
It amazes me on how many people just "don't get it" when it comes to the power of their email list GOLD mine.
When you have a list of subscribers who have opted to recieve email
from you, your business will be taken to a whole new level and
dimension, if you know what you are doing. I'm certainly not suggesting
that if you're just starting out, you can expect to reach the level of
super affiliate (guru status) and financial success in the next three
months. However, I am suggesting that building your own contact
subscriber list is the most important thing you can be doing when it
comes to affiliate marketing.
Building your own opt-in list can be the most important thing that you
can ever do when building your online business. The fact is that if you
are building an online business promoting MLM & Affiliate programs
and you are not building your own opt-in list, you are almost wasting
your time.
You
see the main objective with your online business is to build a customer
and client list. The main objective with your website is not to
sell your visitor, but to capture their email address. Well
actually your website has two main objectives, pre-selling your visitor
on your products and services as well capture their email
address. Today I am only talking about capturing your visitors
email address and building your opt-in list.
Ok, you may be asking right now. Colin what exactly is an opt-in list and why would people
want to give me their email address?
Well the answer is, your opt-in list is a list of people that have given you their email address in return for something
of value.
Ok, now you may be asking, but Colin what can I offer of any value?
Well the answer is that this can be a mini email course, an ezine, a free report, or even just a mailing list of people
who want to know when you update your website.
So now you may be asking, or saying to yourself, but I am not guru and
I have not made millions on the Internet what can I teach or tell
people that will make them want to learn from me?
Ok now, lets just hold on a minute here. The answer to this question is actually more simple than you think.
You see you are already both teacher and student. You are always learning from someone, just as there is always
someone learning from you. Think back to grade school when you had grades 1. The reason for 12 different
grades is because some students are a little more advanced or ahead of you and at the same time you were a little
more advanced or ahead of others. Well this is true as well with Internet marketing or promoting MLM and Affiliate Programs.
So the point is that there is always someone that can learn from what you know.
Ok, so with all that said, lets get started building your opt-in list.
Here are a few key features to consider before building your list:
1. Content - This almost goes without saying, but is very much
worth commenting on. The best thing to do before you start building a
subscriber base is to create some content articles. You want to have
some quality information of good value ready to send your subscribers
when they subscribe or opt-in to your list.
2. Personalize your emails - This is actually a very important
element to your emails that you send out to your subscribers. You want
your subscribers to feel as though you are taking to them and not a
group of people. This is done by including their name in the emails you
send out to them.
3. Brand your name - This is simply sending emails to your list from YOU, not some company name.
Think of all the emails you get right now in your inbox. Which of those
emails look more friendly? Are they the emails sent to you by some
company such as ABC Marketing Firm, or by a friendly name like Colin
Meunier? -- <grin> -- Well I tell you I much rather get emails
from the author and not a company name.
Ok, so now that you have the basics for creating the content and articles lets get you some subscribers.
The first tool you are going to need to build your list of suscribers
is a list management system. A list management system is a tool that
will manage all your list of subscribers so you can send an email out
to the whole list at the same time. This is where an autoresponder
comes in. The autoresponder will make your life much easier.
Click here for the autoresponder that I recommend for building your list with.
Now getting the subscribers:
For
getting subscribers or opt ins for your list I recommend advertising a
leadcapture page and getting people to opt in.
Click here to see an example of a leadcapture page that I use to build an opt in list.
You see when I get people opting into that page to request more info
about the 1Step System they are then forwarded to the my main 1Step
System website right after. Then I am also able to continue to
follow up with these people again and again about the 1 Step System as
well as other products and services that I promote.
So how and where do you advertise your leadcapture page?
Well I will get into that in step 6.
Step 4. - Choosing right programs for income
Part (A) "Immediate income".
This is where I choose a program to lead with in my marketing
promotions. Programs that require a one time payment
to buy or get involved with make great front end products that will
lead to residual income programs as back end products and
programs. Another key element to look for when choosing a
front end program to lead with is the education factor. I prefer
to lead with a program that will actually empower a person with the
right marketing skills and mindset so that they will succeed and get
into profit right away.
I would suggest you lead with a higher ticket dicrect pay program so
that you have the opportunity to generate cashflow right away to put
into your business and pay for your advertising and then build residual
income on the backend with other programs.
Here are a few front end educational programs I recommend for leading with in your marketing promotions.
Mentors In Motion - The unique seminar's success concepts & 80% profit marketing plan. One
of the greatest Mindset training workshops you will find. You
will learn how people like Donald Trump or Bill Gates think different
than the most average person.
Part (B) "Residual income".
How would you like a portfolio of residual income
programs that pays you income monthly? Now that may seem like a dumb
question but many people still think in ways of linear income and
not residual income. When you are working for linear
income you are looking to make a sale and get paid, right?
However, with linear income you will only get paid once for that sale.
Here's some thoughts about the power of residual income streams..
You spend the exact same effort to promote a product that pays you a one time $10 commission as you do to promote a product that pays you $10 every month.
In residual programs, the effort you spend today continues to pay you long after the work is done. This is where your financial security will come from.
Most successful networkers will take a long-term approach with building
residual income streams. I suggest building residual income with
multiple programs for greater stability. Pick one or two programs
and build them to the point of self-building, and then continue to
build others. I also find that the best programs to build
residual income with are tools. I recommend tools because they
have higher retention. When someone buys a tool from you that
they have to pay monthly for they will not drop it because they are not
making money, because they bought the program for the purpose of the
tool. Lets take webhosting for example. When someone buys
into a webhosting program from you because they need to host a website
they will remain a customer for a long time. (if your webhosting
company is good)
Tools that will create residual income
Some residual income programs I recommend building an income with are
tools that you and other marketers will need as well to build a primary
business. So with that, I don't recommend the following programs
for primary businesses, but I recommend you get them all as
needed tools.
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Kiosk - I
have been a member of Kiosk since December of 2002, and started hosting
my websites there in Jan 2003. I have never experienced any down
time that I am aware of and the support with Kiosk is awesome.
With all these great products, services and support that Kiosk offers,
I feel more than comfortable and highly recommend Kiosk to anyone that
wants to host their website with one of the greatest web hosting
companies on the Internet.
HotConference - The very same conferencing software that I use. Not only does EVERY marketer need a professional online conferencing tool of their own in order to communicate to the masses in real time, especially to over-seas prospects without telephone long distance charges, but also this new software and service provides THE MOST cost effective solution and pays well, without the price being jacked up like ALL the rest. THIS conferencing solution allows you UNLIMITED seating FOR WAY LESS than ANY OTHER! This conferencing solution offers way more features as well!
Step 5. - Set up your own websites with autoresponders
If you are serious and want to create income with any MLM or affiliate
program you need your own website, with your own content that will
pre-sell your program. With having your own website you have the
opportunity of promoting YOU as well as your affiliate programs.
The first thing yoHiu will be promoting is YOU.
Next you will need more autoresponders
to build multiple lists. Yes you need more autoresponders. If you
have taken action on the first step and started building your
list you are well on your way to creating a profitable business
and are now familiar with autoresponders. You are going to need
an autoresponder so you can capture people's email address when they
visit your website. This is why I like to suggest an
autoresponder company that has unlimited autoresponders!
Let me give you just a few examples of what I am talking about here
with websites and autoresponders. Each time I want to promote a
program I put up a website and capture my vistor's email address so I
can market to them.
Here are just a couple examples:
1. http://www.EnterFreedom.com
- My main website and autoresponder to capture emails for my
ezine. This website is also a what is called a content based
site.
2. http://www.enterfreedom.com/amigopage.html - A simple leadcapture page set up to capture people's infomation and build a list.
So I hope you can see and understand the need for your own website and unlimited autoresponders.
Kiosk - Is
a company that I feel highly satisfied with and recommend for
web hosting.. I personally use the web hosting for my websites.
I
have been a member of Kiosk and hosting my websites there since
the beginning of 2003. I have never experienced any down time
that I am aware of and the support with Kiosk is awesome. With
all these great products, services and support that Kiosk offers, I
feel more than comfortable and highly recommend Kiosk to anyone that
wants to host their website with one of the greatest web hosting
companies on the Internet.
The great thing about Kiosk is that you can let people try out all the products and services for only $1.00 on a 30 day trial period.
To sign up for your 30 day trial period for only $1.00 click here
Step 6. - Marketing & Advertising
Marketing:
The art and science of building relationships, communicating to others,
and empowering another individual according to their needs and not
yours or mine.
There are many ways to market your program online. The most
important thing to keep in mind when you are marketing is that your
main objective is to capture email addresses to build a contact list.
The first thing I want to make mention of, is what NOT to do.
What you do NOT want to do when marketing your program is what most
people do when they are promoting their program. When you pay for
advertising you never want to just send a lead to your programs
affiliate site that they give you. This is why I include
the step on your own website and autoresponder.
Three basic steps for Marketing:
1. Advertise.
2. Capture phone & email to build a contact list.
3. Help those people on your list.
Let me explain the process to you now.
1. I would advertise my leadcapture page (http://www.enterfreedom.com/amigopage.html) in an ezine, email marketing campaign, or in some PPC advertising, for example.
2. I capture the visitors phone & email address
so that I can build a relationship with the visitor. When
the visitor requests the free report, I have a very targeted lead.
3. Now that I have the visitor's
information, such as phone number & email address, I will contact
them by phone as well send them emails with an autoresponder.
With the autoresponder series I am able to continue to follow up over
and over with those who subscribe.
NEXT....
Click here to see Marketing & Advertising page.
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