The reality is that there are literally hundreds if not thousands of ways to make money online. You have everything from network marketing to affiliate marketing to CPA offers, etc. In fact, I've pursued many of these business models myself in my quest for time and money freedom.
After spending thousands on courses, get rich quick schemes, MLM opportunity offers, etc I found a LEGITIMATE, SOLID business model. It is a model where I am in the driver's seat. I have full control of my income, and my income is SECURE.
The model I'm referring to is Online Lead Generation and email marketing.
The real beauty of it is that it is an extremely simple concept.
Online Lead Generation (also known as list building in the IM world) is simply building a subscriber base that you can market to at will.
Here are the 5 Reasons Why Online Lead Generation is in fact the Best online business model out there:
1. It is a VERY simple business model. You only need a few building blocks to get it going. You need to have a website. I recommend using a WordPress blog - they are very simple - no HTML! On this site you'll need a squeeze page with an opt-in form. The opt-in form is where visitors enter their contact information and get on your list. This is usually done in exchange for a free offer (video, free report, piece of content, etc) You'll also want to have an autoresponder to do your follow up and email marketing to your leads on your list.
2. You can make it 95% AUTOMATED - automation is the true beauty of doing business online. It allows you to do the work of an entire office staff by yourself AUTOMATICALLY!
3. You OWN your leads!!!! An email list is like owning real estate on the internet. You'll build a loyal following that will follow you anywhere and BUY whatever you recommend to them! Having complete ownership of your business is SO HUGE! I have made money with several other models where I marketed for the company (affiliate or network marketing) only to have them change the rules, and POOF! my income vanished overnight!
4. A big email list is like having your own cash register that spits out money on command! Every time you send an email recommending a product offer to your list... you make money! Just like that!
5. Generating a huge list of lead requires very little TIME! This is the biggest advantage of online lead generation. As you market and build your list it continues to grow and grow. As your list grows so does your income!
Just imagine having a list of 100,000 leads. You wake up on Monday morning - time to get to work. You pull out the laptop after your morning swim in the ocean. You're sitting on the porch of your beach house in San Diego, CA. Your personal chef has just served you a cup of coffee, and is making your breakfast. You pull up the laptop and open up the notepad program on your computer. You write a simply, but compelling subject line. Then you write an email that is 1 - 2 short paragraphs in length promoting your latest product (or just an affiliate product offer). You then copy/paste it into your AWeber account and schedule it to be sent to your list tomorrow morning. This entire process took you about a half-an-hour. Then you go about your day enjoying your family and doing whatever you like. Tomorrow you'll wake up to payment notifications in you email inbox!
Let's break down the numbers...
Let's say your product offer paid $50.
We'll also use some conservative conversion rates here.
You send out the email to 100,000 people.
Only 10% of them even open your email = 10,000 opens (normal open rate = 10 - 20%)
Then you get 2% of the people on your list to click the links in your email = 2000 clicks! (how much would it cost you in PPC ads to get 2000 clicks? $1000-2000)
Now a decent sales page will get a 1 - 3% purchase rate (conversion rate) so we'll say 2% of the 2000 clicks purchased = 40 sales.
We get $50 per sale multiplied by 40 sales = $2000!!!
so, we spent 30 minutes sitting at our laptop to make $2000! That's $4000/hr! Not a bad day at the office wouldn't you agree?
The best part is that we can do that every day if we want. And as we grow our list even bigger we continue to get paid even more.
Now do you understand why Online Lead Generation and email marketing is the best online business model?
I hope so.
By the way, do you want the formula for building a full time income using Online Lead Generation and Email Marketing? If so, get instant access to a FREE Presentation that reveals the formula: FREE Presentation
Also, be sure to visit my blog at http://www.stevedooleyinc.com/ for more great articles, videos, and internet marketing training.
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