The biggest challenge you can experience is turning your passion into profit challenge, your own self-doubt and your laziness.
These are the reasons that define and limits who you are, keeping you feel small and useless.
There are long lists of products and ideas that are waiting for someone to turn them into a successful business. Just as there are long lists of products or ideas, there are just as many examples of people who started a very successful business with nothing.
Becoming an entrepreneur does not require hundreds of thousands or millions of dollars. Asking yourself now, if money is not an obstacle, why isn’t everyone becoming an entrepreneur? The answer is easy, it is Discipline.
Self-motivation or self-discipline is what keeps you going after the reward has been removed or lost.
Discipline gives you the power and leaves your comfort zone. Also will help you to dream and see into possible futures, self-discipline is what allows you to unleash your imagination.
Yes, it sounds risky to start on your own. Your own business. Many of us rather staying in safer environments, preferring security, steady jobs. However many of us will go and take the risk to have their freedom and build something they can be proud of.
Discipline forces you to learn, to contemplate, and get educated before you take action. Discipline comes first when you evaluate your skills, your education, your experience and in this scenario your product or idea you want to turn into a business.
How many times have you heard someone say:
“I need to exercise and lose some weight.”
“I wish I could make more money.”
“How do I get out of debt? These bills are eating me.”
“I should start my own business.”
“I need to grow my business.”
These are the words of people who know they need to change and accept a new challenge.
Moving to the next level of your life requires more than thoughts, wishes, and hope. You know change is needed, but change is hard and the lack of self-discipline will prevent to escape the mental prison and to achieve your dreams.
The problems become your lifestyle. eg:
- A person can feel comfortable being overweight because diet and exercise would make them uncomfortable.
- A person can feel comfortable in a job that doesn’t pay enough simply because starting a business would make them uncomfortable.
- A person can feel comfortable in a relationship simply because is not dreaming about a boring marriage.
The key here is self-evaluation.
If you haven’t figured it out by now, you will need to think of some changes. Not only your actions but also the way you see the world.
Now you have to evaluate your business idea. What is the easiest way? The easiest way is to evaluate its return on investment (ROI.) Input a number of your time, your money, and your energy and see if this business idea has the expected ROI.
The question “Why”
You need to be a leader. You may not realize it but you are leading not only yourself but also your team members, your suppliers, ghostwriters or copywriters. Leading is the secret to building a successful business.
Once you can lead, you will find the important and experienced people for your business. You don’t have to have the knowledge in all niches. However, I always said it is good to have certain knowledge and background from other niches, finance, economy, law, taxes etc.
The importance is to know how to work with others how to lead them so they can help you succeed.
Did you know that we have four basic stones of discipline: mental, emotional, physical, and spiritual. To be successful in life, you shall be strong in all four.
An entrepreneur must also be able to endure emotional fears like, not having a steady paycheck, or continuing to operate when the money is gone, or the mental ability to learn quickly and the physical strength to work for years without a break. Sounds scary, but from my experiences, it is not so scary is the passion for your life what you want to achieve.
Many people will give up the reason is simple they not enough strong. If you find yourself arguing with a good idea, you may want to stop arguing. Clear your mind and be strong. Once one clever man told me you have always two ways. And it is true I never saw only one way there is always the choice and option to see the second way.
No one wants to accept the disappointment, the loss, the failure. We have all experienced the pain and disappointment that comes with a failed dream.
The following are some “Whys”
What is the reason why:
- you are tired of being broke and always struggling with money
- you are tired of being an average
- you are crying because you are not able to recover your debt
A reason why many of us keep going even if not everything is going according to our plans is simply that we don’t want to allow show failure. We are fighters throughout our lives. It’s that very personal prize at the end of the rainbow that inspires and motivates us.
Big Passion
It’s not enough to be passionate about your product. You need to be passionate about the business and the mission you have. The energy from being passionate about your idea is a wonderful feeling and a magical fuel that you’ll need when times get tough.
Many people think only of their income. They think money is their passion. The money will not be the thing that gets an entrepreneur out of bed when times get tough.
Once I heard that “People lie with their lips, but they tell the truth with their wallet”
Asking, what did you spend the most money on? What products and services are you buying the most? Could that be an indication of what you are most passionate about?
Just because you are passionate about something does not mean it’s a great business idea. The formula is easy, identify your passion, test its viability and then turn it into a business.
Life is much more fulfilling when you are waking up every day excited to work. Even if you have millions of dollars in your bank account, until you are not surrounded by a life of passion, you will never truly be free.
So what kind of passion is profitable and capable of turning a business into high profit?
Most of the people who failed to do so it is because they start their business only to earn money. If they don’t see profits in the first few days, they lose all their motivation and most of the businesses ending with closing their doors.
One thing I have realized in business, that Competition is good.
Here’s few why:
- they have validated the market. They know there is a possibility of making a profit
- you can market their products as an affiliate
- they can become your top partners and they can promote your product for you
Now, let’s assume you have competition, and you have screened your list to a few qualifying candidates. We’re going to use the following tools to finish evaluating a specific niche.
These are all free tools that are available:
Use Amazon to review existing information on competitive products that are being sold.
- Facebook Ads Platform
Facebook has an amazing analysis tool, and you don’t need to spend any money to use it.
- Clickbank.com
This is one favourite source to see if a particular niche is selling well or not.
- Google Keywords Tool
Get a quick glance for free on the popularity of the biggest keywords in your niche.
Assuring that your passion is capable of turning into $ 1 million business is simple and easy. Follow these rules and you will succeed.
Just to help you get started and to give you some ideas, here’s a starting point.
The best topics to launch an online business intended to be in the big three:
- Health (physical, spiritual, and emotional)
- Wealth (business, investing, etc.)
- Relationships (marriage, dating, parenting, etc.)
Here are some more detailed examples to get you thinking:
- Weight loss
- Bodybuilding
- Healthy eating
- Dating advice
- Investing
- Real Estate
- Gaming
- Electronics
- Pets
- Finding a job
- Panic Attacks
- Reiki
- Hypnosis
- Divorce
- Superfoods
As long as you have passion, a big audience with money, and existing competition in the market, you can turn any viable topic into success.
Here are the only five steps you need to create your own valuable information product:
- Research existing information products.
- Discover your unique angle. We’ll show you an easy way to do this.
- Decide on your choice of media: Written, audio, or video product.
- Create a product outline.
- Assign responsibility and create a timeline. Will you create the product or get some help?
The nicest way nowadays is to input all ideas and information into Business Plan, if you are not familiar with Business Plans MVA Tax and Audit International accounting company can assist to create one, us their 30minutes free virtual meeting to get some business idea.
Here’s what to consider when making your choice:
- What is the price of your product?
- Do you like writing? Are you OK with recording audio or video?
- Are you willing to get some outside help to create your information product?
Digital written products come in many forms. They can be as simple as an eBook or they can be positioned as a learning course simply by splitting up the various parts that you’ve written.
The way you present the same information can dramatically increase the monetary value of your product.
Now, if you want to do a written product, there are some programs…
Depending on the product price that you decide. Digital written product is a digital audio product. These can be as simple as an audiobook, or if you simply structure the program differently, you can create an entire course using these audio files. The process of creating an audio product is not very different than creating a written product.
There are various kinds of audio products…
Straight Recording
Is your head packed with information? Just go straight to recording with the program …
Script and Read
Need some help? Do you feel more comfortable being prepared with a script? First, create a written product and then simply record yourself reading it with the program …
Interview Experts
Let others do the work for you. Just download a free copy of Skype. Download audio recording software … and line up some interviews with existing experts in your niche and record them. You can also use some other website where they offered to record professional audios and reviews, I have used myself Fiverr. Afterwards, I saw it is not so hard to do it started recording myself
Video Products
This type of product carries the highest perceived value, but it also comes with the greatest misconceptions: “I hate video cameras! I can’t make videos! That’s for the experts.” No worries if you hate cameras, I am also not comfortable in front of the camera, that is why as mentioned a few times for professional videos I have used Fiverr and absolutely happy with the results.
What if you can make a video product worth hundreds or even thousands of dollars without ever showing your face in front of a camera?
Here are some options that we will teach you how to master:
Create Screen-Capture Video
This is simply recording your computer screen. For example, you can create and record a Powerpoint presentation or a live demonstration of anything you want.
Conduct Webinar Interviews
This is a strategy to create a video product that does both things for you. One, you never have to show your face on camera. Two, you don’t even have to create the content yourself. You simply do a webinar interview with existing experts with the program. I have very good experience with WordPress where some super ITs offering free plugins and full learning software is on your dashboard.
Run Your Own Webinar Series
Create a series of Powerpoint files around the topics you want to teach. Turn on your screen recording tool and simply hit the record button. Afterwards pretty simple explain to your listeners what exactly you would like to teach them. No one must see you, they only hear your voice. It is a very comfortable way to start your own videos.
Now you have a very high-value course, not just a product. Your written E-book, audio, or video product will be professional, polished and jam-packed with valuable information.
You: “I’ll take a Big Mac”
Cashier: “Do you want fries with that?”
You: “Sure.”
Cashier: “How about a soda as well? It’s only another dollar.”
You: “OK! Why not?”
In this example, you just spent about 300% more money than you had initially planned.
You can create this identical process online with digital publishing. Actually, it’s even easier with digital publishing – and it’s more powerful.
Do you know what “funnels” are?
Shortly explained, It is when you strategically make additional offers to your customer the same time as they are in the process of buying the initial product. One of the easiest ways to radically impact the profitability of your business is to have a very specific follow-up plan that lasts for weeks after you get your first customer.
Profit Multiplier: “Follow your passion, be prepared to work hard and sacrifice. As per the above, do not let anyone limit your dreams”
As a matter of fact, the technology assisting with this is 100% automated. There are multiple technologies that can build this funnel for you in a flash.
Great funnel builders consider several different types of sales:
Main Offer Downsell
97-99% of the people that visit your website will leave without ever buying a single thing. You need to find a way to capture as much value from these visitors as possible..
At Cart Upsell
This is the quickest and easiest way to double your profits without ever getting a single extra visitor to your website.
At Cart Downsell
Add another 50% to your sales by adding one simple page into your sales process. Again, this can be 100% automated.
Back End Upsell
Within 30 days of getting a new customer, you able to see a minimum of 100-150% increase in your profits simply by offering another offer a few weeks after the original sale.
Once your product is created (this can be done in just a matter of days if you want) and you have our beautiful funnels created, what’s next?
Automated Technology
You can now use amazing technology to build your entire business. Just click a few buttons and you’re up and running within just hours. You don’t have to learn programming, hosting, or anything technical. The systems will do it all for you. Watch this video and try for yourself.
Once you have created your product, funnel, and delivery system, it’s time to get the attention of your prospects. More specifically, you won’t only get their attention, but you will get them to take action.
This action means you get to start creating profit, and it’s done through your sales messaging. Sales messaging is where prospects become customers. It’s where you begin to build toward your dream of financial freedom.
You’re following a proven methodical step-by-step system. Here are your three main tools:
- Written Sales Letter — there are great templates for writing these letters
- Video Sales Letter (VSL) — today there are software tools that can actually create an entire video for you
- Webinar — this form of sales messaging is fast becoming favourite
We are finding this sales tool to be the easiest to create. Some of the higher conversion rates come from it.
It’s important to note that each of these sales messaging tools follow a very simple system and template. You never have to worry about reinventing the wheel.
Remember, each of these sales tools also offers its own advantages and disadvantages based on the positioning, audience, offer, and price.
Assuming you have finished your passion product, your sales funnel, and have everything ready to go, it’s time to test the process. When you test your process, you are testing for two main things:
- technically: Does it work?
- sales Conversions: Is it converting well?
Before you can ever start aggressively getting traffic, you will want to do a test order and make sure everything is working. You can test with as little as $ 500. The key to remember is that if you have created your funnels right, you are not really risking any money.
The main thing you want to ensure is that the funnel is converting well enough for your affiliates. If you were to promote your own product as an affiliate, would your commissions lead you to get as close to $ 1 per click earnings? The power of one might be one of the greatest marketing tools you ever have in your business. Remember, an affiliate is someone who will send you traffic and you will, in turn, give that person a commission. Here’s how the viral element begins.
The key is to just make sure that you have fully tested the offer and are happy with the results.
Now, you’re ready to attach a 500 horsepower engine to your business and blast it to a whole new dimension.
You start to build a massive brand. You will begin to have true followers and fans.
- thousands upon thousands of people following you on email…
- thousands tracking your every move on social media…
- hundreds of key relationships – promoters, affiliates, vendors – and everyone will be dying to work with you…
- a growing, scaling business – month after month…
You will focus on 5 key areas:
- Build your email list
Your list size = your business size. If you want to grow, grow your list.
- Promote affiliate products
- Learn Event-Based marketing
You use it to promote affiliate products or even your own. This strategy is fully based around webinars and works best once you have a 10 000+ name email list.
- Horizontal and vertical expansion
Create more of your own products. There is no easier way to add zeros to the end of your revenue numbers than by simply creating more of your own products.
- Use relationships and networking to build your Affiliate Database
The more big affiliates know you and promote your business, the more other affiliates and customers will swarm to you.
First, we’ll show you why it’s the right time to start an online business versus an offline business.
- 82% of key shoppers spend their time researching and shopping online
- $504 billion in online sales were generated in 2018
- Online businesses are growing year after year at over 15% a year
These are the facts, and they serve as hard proof that we are at the growth explosion of digital information marketing right now.
Here are our top five reasons why this particular business model is currently the best business opportunity to kick-start your online business.
- Automation — set it, run it, profit.
From generating traffic to grow your list to converting customers, just about every step in this digital publishing model is automated.
- Information — all the content you need.
People pay good money to learn something of value. Fortunately for you, the Internet is bursting with all the content you’ll ever need.
- Outsourcing — let experts do the work for you.
From writing your content to designing your website to recording your webinar, there are countless experts ready to complete your product quickly and cheaply.
- Completely Virtual — anytime, anywhere.
Digital publishing doesn’t require physical space. All you need is a computer and a passion to educate others.
- Infinitely Scalable — grow, grow and grow.
Want to build a bigger list? Want to make more sales? Simply provide more value or offer more digital products.
Are you ready to take the first steps toward your greatest possible life?
Netmetech specialized as Business 2 Business and Business Developer and help companies build a predictable sales pipeline of 7-figure value within 3-6 months. Let us know How can we help you to grow your business – Book a Meeting
