How much money you MAKE per prospect – How much money it COSTS to acquire a new prospect from your advertising = Your profit.
That’s the “holy grail” equation which rules a successful online (and offline) business. That’s all that matters.
Read the first sentence again.
If you’re spending more to acquire new prospects than you’re making in sales, you lose. Good luck keeping your business afloat.
But if you’re making more in sales than it costs you to acquire new prospects, you win. I’ll see you at the six figure mark pretty shorty.
The truth is, I wish it was that simple – but there are many hidden elements of this simple equation.
Let’s go through them now…
A common reason for most beginners to stay stuck in their tracks is the fear that their sales funnel and/or content will be inferior to that of their competitors.
This often leads to you being led round in circles in the deadly cycle of research and self-doubt, resulting in you moving no further forward, day after day, week after week, month after month.
If this sounds like you, don’t worry – there’s good news!
The truth is, it’s definitely NOT your fault. I know that plenty of people will disagree with me on this, but too many articles and pretend “gurus” place too much emphasis on your competition in your market or niche – to the point where you feel that beating your competitors is everything.
But there’s one problem with this train of thought…
How can you move forward as a beginner if you’re too afraid and paralyzed to do so, because you’re “not as good” as your competition, and the only way you WILL be better is by moving forward and becoming good at what you do. It makes things almost impossible!
(Plus, this is exactly what held ME back when I first set up MY information marketing business.)
So instead, you need to…
With your online information marketing business being global in nature, most of your communication will probably be done in English.
But what if English isn’t your first language? How do you communicate with your prospects, subscribers and customers effectively?
After all, most customers won’t even read past a few lines of broken English, never mind actually buy something from you. They just won’t see you as a professional.
However – if you currently struggle to speak or write English, it is definitely NOT a barrier to your success (unless you make it one).
Fortunately there IS a way to still become successful… Just like many other non-English experts did, including my good friend Igor Kheifets who started off with basic English skills, and is now making above $70k per month by helping people all over the world with list building.
The first thing you need to do is…
So you’ve implemented the steps in a proven program to get your sales funnel created, email list set up and traffic flowing – but there’s a problem…
… You haven’t made any sales!
Worry not! There’s an explanation for this…
When setting up an online business, the early stages are tough. You only need to say ONE thing wrong in your sales funnel, and it’ll turn everyone off from buying your offers altogether.
When you’re just getting started with your online business, earning $100k per year may seem a million light years away…
But in this tutorial, I’m going to reveal how you can cut out the constant lack of clarity and skyrocket your online business to your next income bracket.
If you approach things the wrong way, building a successful online business can be a very selfish thing to do.
See, it’s important to make money to pay your way through life comfortably and provide for your family, but how many people do you know of that actually place a huge emphasis on actually helping people to change their lives for the better?
Aside from my coaching clients, I can count them all on one hand – and still have some fingers left over.
(Oh, and all of these people have 7-figure businesses.)
I don’t know about you, but there’s something amazing about getting emails from my customers and clients with their success stories. Just yesterday I received an update from one of my customers saying how he made an additional $125 profit in just 3 days, and I know his online income will soon dwarf his current Walmart salary.
These success stories are what I strive for in my business – not just because it allows me to sleep well at night and make an impact all over the world, but it’s also GREAT from a business growth perspective, too.
You’ve probably been thinking about it too. You know… The allure of being able to work how you want, when you want, where you want. It’s a great goal to have.
But when most people actually start becoming successful in their business, they often make the fatal mistake of trapping themselves inside their business.
This usually comes in the form of being stuck in the deadly launch cycle, doing everything yourself, or having everything reliant upon your personal actions – meaning your business isn’t able to run without you, and you’re stuck working all the hours in the day.
But thankfully there IS a way to run a successful online business and enjoy a GREAT lifestyle too.
Building a successful online business isn’t just down to having the right strategies or knowledge. Neither is it down to having the right “system”, “loophole”, or “automated software”.
Instead, it’s primarily down to having the right mindset. Or in other words…
The number one reason why most people don’t make as much money from their online business as they’d like to, is because of their mindset. Without having the right mindset, it’s approximately 100 times more difficult for you to become successful online.
But there’s good news – it’s something which can be learned!
Everyone starts from the same point – zero – so nobody has a specific advantage over you, and it’s your responsibility to create your own success, because nobody else will do it for you.
From my experience, there are five main deadly mindsets which stop most people in their tracks…
Recently there has been a lot of talk about the results from solo ads being so low that it’s almost impossible to make a profit. Maybe you’ve even experienced the same thing!
So are solo ads dead? Here’s the truth…
Every few months, there seems to be a new product launched in the “internet marketing”/”make money online” industry which leads people astray with their online business into a brand new trap to delay their success even further…
Just recently it was selling services to offline businesses, then it was selling WSOs, then it was selling t-shirts via TeeSpring, then it was selling high-ticket offers, now it’s selling products on Amazon… And the onslaught of new strategies will continue forever more.
Does this mean that the methods don’t work? Of course not!
They ALL work – but as with every business model, ONLY if…