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Notice the headline doesn’t say, “How to Create a Product and Sell It.” Frankly, that’s exactly what most marketers do – they create a product without any thought to what the market wants, and then they try to figure out a way to sell it. Result? Most times: failure.

To create a product that sells, you want to first identify a niche that’s hungry, and then offer them whatever it is that they are hungry for. The hard work is in finding that target audience that is ready and eager to buy.

Once you’ve done that, creating the product is the easy part, as well as the fun part because you know in advance that you are about to make money.

So how do you identify a hungry niche?

Here are keys to look for when investigating a possible market:

Are they in pain? Are they seeking relief from that pain, and are they willing to pay for that relief?

Do they have a problem? If so, are they willing to pay to get the solution to that problem?

Are they seeking a specific pleasure? Are they willing to pay to receive that pleasure?

My advice is to focus as much as possible on the first two. While people are certainly willing to pay for pleasure, they will part with their money far faster to relieve pain or solve a pressing problem.

If you find competition in your prospective niche, it’s a good sign that there is money to be made, so don’t think you’ve got to find some great undiscovered niche – it’s not likely to happen. If there is no competition, realize that it’s probably because no one is buying.

Now then, you are going to allow your market niche to define your product. In other words, rather than creating the product and finding the market, you’ve now found your market and you’re going to create your product to satisfy the specific needs of that market.

Let’s say you’re targeting retirees who want to make extra income online. What do you know about your niche? You know that generally they’re not as computer savvy as teens and twenty-somethings, that they’re going to be more receptive to building long term income rather than something that’s supposed to make them rich overnight, that they’re likely to be more skeptical when it comes to making money from home, and so forth.

Thus you are going to target all of your marketing and your products using the information you gather from your research on this niche, and you’re going to always have your prospects in mind when you’re working on your business. You might even imagine a couple of your best prospects right there in the room with you as you’re creating your product and your marketing materials.

Let me give you a head start on finding a niche that’s just dying to purchase your product.

The three biggest, hottest and hungriest mega niches are…

1. Health, fitness and weight loss
2. Making money
3. Relationships, dating and personal development

These are excellent starting points, but of course you’re not going to target the ENTIRE health, fitness and weight loss market. If you’re trying to market to everyone, you are marketing to NO ONE.

Thus you’re going to drill down to find the specific group within these niches that you want to market to.

Examples: College women wanting to lose weight. Stay at home moms wanting to earn money. People married over 10 years wanting to put the spark back in their marriage.

And you could narrow it down from there. The point is, once you have a hungry niche, you extensively research and even interview that niche until you know exactly what they want, and then offer it to them.

Do you see the difference between guessing what people might want, and KNOWING in advance what they will pay for? It will save you time and frustration while growing your bank account 10 times faster than guessing ever would.

When someone asks what you do for a living – what do you tell them?

That you own a business? That you write a blog? That you create products or build websites, or that you’re a doctor or a lawyer or a plumber or a race car driver?

I hope not, because while all those things are professions – they’re still NOT what pays your bills.

The only real answer to the question of what you do, regardless of what your profession is, is that you are a marketer!

Your specialty is attracting new customers or clients, persuading existing customers to make larger and more frequent purchases, and ensuring that they continue to buy from you – forever.

Your answer to “What do you do?” says a great deal about how YOU think about your business or job. If you’re defining yourself by the service you provide or the products you sell, you’re setting yourself up to lose business that otherwise could have been yours simply because your head is in the wrong place.

Every business is first and foremost a marketing enterprise, even if it’s a non-profit. After all, without customers, you have no business. Getting those customers and then getting those customers to spend their money with you is how you stay in business, stay profitable and grow.

When your mindset is on marketing first, you will base your decisions on what creates business, thus eliminating many of the wrong turns and mistakes that the “business owners” make.

You are a marketer. Say it loudly, state it proudly, act accordingly and you cannot help but be successful.

To make your email stand out and get it opened, make it clear that your email is useful to the reader, that it’s specific to what they want or need to know, and that it is also unique.

Here are a few additional tips to help ensure you get the most bang for your email buck…

Identify yourself. Don’t send an email from a generic name in the hope of confusing them into opening it – they’ll just resent you for it. Use your own personal name.

Always send your emails from the SAME name. You’re building brand loyalty, even when that brand is you. So if you keep changing your “from” line, even if it changes from “Bob Smith” to “Robert Smith” to “Bob,” you’re confusing your recipients.

Don’t pretend your email is what it’s not. More and more we see emails that say, “Your order is complete” or “Here is your download link” something similar, when it’s got nothing to do with anything the receiver ordered. This is spammy at best and downright deceptive at worst.

Create urgency SOMETIMES. Urgency works best in moderation. If every email you send screams, “Time is running out!” “The price is going up!” “There are only 3 copies left!” Then you’re going to become like the boy who cried wolf, and you know what happened to him – he cried wolf so many times that when a real wolf actually showed up, nobody came to his rescue because nobody believed him. So the wolf ate him up.

Be brief. Yes, there are times when you have to send a longer email, but also send short ones. Remember, more and more of your subscribers are reading your emails on mobile devices, and in a distracted state. Keep your email messages succinct and to the point.

Email marketing remains one of the greatest forms of direct response marketing in history, and you can significantly improve your results if you keep these simple tips in mind when you prepare to send out your next email broadcast to your subscribers.

I mentioned in a previous article that you don’t want to become one of those many one hit wonders that make a big splash on the Internet and then vanish – but how do you make sure that you’re not? Because it’s really easy to say you won’t be, but the fact is that no one PLANS to be a one hit wonder; in fact it happens when you DON’T plan.

I’m going to offer some tips here for ensuring that your success is not the flash in the pan variety, but rather the type of success that continues to pay off day in and day out for years to come.

Really what we are talking about is becoming what you might call a “repeat success.” Because isn’t that the opposite of being a one hit wonder? There is nothing at all wrong with that initial success – it’s repeating that success over and over that gets you the outcome you’re seeking. Sort of like being a one hit wonder a hundred or even several hundred times. And when you view it like this, you see that it becomes easier.

The first thing I’m going to recommend will sound too easy, perhaps, but it’s extremely important that you try it out for the next 21 days. I say 21 days, because psychologists say it takes that long to make a new habit. Plus, it gives you the proper chance to evaluate the results and see that what I’m telling you is profound, to say the least.

Okay, are you ready? The first thing you need to do to ensure you have ongoing success is to pick a number from 2 to 5, and then do that many things in your business everyday.

Let’s say you are a super busy person with a full time job and a young family, so you don’t have much time to devote to your online business. Your number is going to be 2, because you’re only going to have time to do 2 things a day. If you’re working online full time, your number is 5. And if you’re in between, you can determine the right number for you.

Now then, every evening you’re going to make a list of the most important things you need to accomplish the following day in your business. If your number is 2, then write down the 2 things you want to do. If your number is 5, then you’ll list the 5 things.

Obviously, you’re not going to choose 5 really big things like “build a new website,” “create a new product,” etc. Instead, you’ll break down your tasks so that they’re manageable and doable in the time allotted. And then you’re going to do those things, no matter what. As in, NO MATTER WHAT HAPPENS.

Doing the things on your list takes priority over your favorite TV shows, eating out, etc. These things are as important as brushing your teeth and sleeping, and once you realize that then you’re not arguing with yourself on whether or not to do them, you’re simply DOING them.

I told you this would seem too simple – does it? Because this one technique will do more for you than almost anything else. Certainly it will allow you to accomplish more than any self-help seminar you could attend, or any time management tool you could use. The list technique is not new, it’s old and it’s proven and you know what else? It flat out WORKS. So if you’re not already doing it, then I encourage you with all my heart to start using this method now, today, right this very moment.

A word of caution – I see students of Internet Marketing get very excited and say something like, “I am going to do TEN things every day!” But this is a trap. What happens is you get burned out and in less than 21 days you’re not doing ANYTHING in your business because it just became too overwhelming, too time consuming and too much like WORK. And isn’t that what so many of us are trying to escape, the drudgery of WORK?

So don’t fall into that trap. If you have lots of hours in your day then choose the number 5, do those 5 things in the morning and early afternoon, and then TAKE THE REST OF THE DAY OFF. That’s right – do not allow yourself to get burned out because you will find that your biggest asset in your business is actually your enthusiasm for the business.

Also, do take a day off. Not 2 days, at least not in the beginning, because if you take 2 days off those 2 days often become 3, and then 4, and then you’re not doing anything. But you can take one day off and go do something totally unrelated to your online business, and come back refreshed and re-energized the next day.

My second tip for ensuring you have long term success is so simple, and yet few people understand the power of it. Ready? It’s to FINISH WHAT YOU START. If you start creating a product, finish it and then promote it. It’s not finished until you get it out there and promote it. If you’re writing a blog, set a schedule and keep to it. True, your blog will never be “finished,” but if you stop writing then it’s as good as an unfinished project.

Look, I probably sound like your parents on this one. “Son, you’ve got to learn to finish what you start.” Why do you suppose your parents said that? Frankly, they probably said it because their parents said it, but there is a terrific amount of wisdom behind that thought.

First of all, if you don’t finish what you start then you have wasted your time and energy on that project. Second, you receive nothing in return for your effort – you can’t make sales and earn money on a product you didn’t finish.

Third, unfinished work breaks you down psychologically. Having unfinished tasks in your life is like having pesky little green goblins sitting on your shoulders tapping you on the side of your head and telling you that you’re a failure. Why? Because an unfinished project is a failure. It’s a constant reminder of something you intended to do but didn’t follow through on.

One note: If you’re in the middle of a project and you realize that it’s the WRONG thing for you to be doing (for whatever reason) then by all means bail out. There is no sense wasting more time on something once you’ve realized your project has little hope of success.

Careful planning and research should minimize the instances of this happening, but there are times when things aren’t in our control. For example, you’re writing a series of promotional emails for an affiliate product that suddenly gets pulled from the market. Best case scenario – re-adapt the emails to another product and move on.

Which brings me to my next tip for ensuring you are not a one hit wonder – success loves SPEED. If you are quick to move from idea to implementation, you’ll seldom have a project that goes unfinished or doesn’t pan out.

For example, if you’re writing code for a plug-in on a piece of software today and you get it finished next week, you can start selling it. If it takes you 6 months to write that code, and the software is obsolete in 5 months, you’ve wasted your time.

Not to mention the fact that speed also reduces competition, at least initially. Using the plug-in example, if you’re fast you can get that plug-in on the market 2 weeks ahead of any competitor, rather than weeks behind the competition. Again, success loves speed so when you get a great idea, don’t sit on it, ACT on it. NOW.

Next is your mailing list. Yes, you need to be building a list. I don’t care what kind of marketing you’re doing or want to do, what your product or service is, etc. It doesn’t matter, because everyone who enjoys long term success online is growing a list.

In fact they have TWO lists – a list of buyers and a list of interested prospects. And whatever else you are doing, you need to be building that list and sending them offers. This is KEY to long term online success. I know you’ve heard this before, but if you’re not aggressively building your list then you’re just not “getting” it and it’s high time you start.

I don’t mean to sound like a drill sergeant on this, but it’s simply not negotiable. Unless you want to be some flash in the pan marketer who creates a product, sells a few hundred copies and disappears off the Internet, you MUST build a list and never stop building that list.

The reason you can never stop is because some people on your list will lose interest in your niche, or they change email addresses and don’t tell you, or any of a number of reasons they are no longer a viable prospect, and so you always need to be adding new prospects in order to continue to grow your business.

Now some folks will say that you don’t need a list because of social media, to which I’ll vehemently disagree. Social media is an awesome tool to help you build your list, and I highly recommend you spend time on Facebook, Twitter, LinkedIn and YouTube if it’s helping you build your list. But you still need a LIST of people who know you and like you so that you can send them emails and yes, SELL them stuff.

You’ll find that the majority of your income comes from emailing your list and either letting them know about your own products or suggesting an affiliate product on which you earn a commission.

The best thing you can do when it comes to list building? Build quickly, aggressively and without hesitation. What I’m saying is, find all the best ways that work for you to build your email list and then be relentless in using those methods to build your list even bigger and stronger.

Look at it this way – if you add 10 subscribers a day to your list, in a year you will have 3,650 subscribers. But if you really focus your time and resources on list building and instead of adding 10 subscribers a day you add 100 subscribers a day, in a year you will have over 30 THOUSAND subscribers.

This is a profound difference in just a year. Multiply it out over 3, 5 or 10 years, and you can see how worthwhile it is to be aggressive in your list building.

Of course quality matters as well. A list of buyers is worth far, far more than a list of prospects.

I’ll tell you my secret for quickly building a list of buyers: Create a product that sells for $5 to $10, and then give away 100% of the commission to your affiliates, paid immediately via PayPal. You’ll find software that automates this if you look for it. By paying your affiliates 100% commission that goes straight to them, they have a huge incentive to promote your product. And YOU get to keep the prospects and market to them time and time again.

The marketers who DON’T build a list? Those would be the one-hit wonder people. They do something, make some money, but don’t stay in touch with their customers and prospects. And the funny thing is, they left the lion’s share of the money on the table because it’s in the FOLLOW UP that you make the REAL money.

Think about this – you sell a $17 product, get a list of buyers and prospects, and then do nothing. Or you never bothered to gather the list in the first place. So whatever you made on your $17 product is ALL you are going to earn.

But if you captured the email addresses, you can continue to market to these folks for days, weeks, months and even years to come, earning thousands of dollars more in affiliate commissions and by selling your own products.

And the last bit of advice on how NOT to be a one hit wonder? Focus. That is, choose a niche and focus on that niche at least until it’s earning you a steady stream of income. Once you hit that level, if you think you want to try a second niche, go for it. But using a scattergun approach from the beginning to enter 2, 5 or 10 niches all at once is only going to yield you minimal results at best because your energies are so dispersed.

In other words, you can get a tiny bit of success in several niches simultaneously, or a whole lot of success in one niche – your choice. Personally I prefer to devote all of my time and energy to just one niche, and I’ve found it pays off quite well.

And by niche, I do mean NICHE. Weight loss is not a niche. Weight loss for women over 50 in the Dallas area is a niche. Or weight loss for work at home moms. Or weight loss for diabetics. The more narrow your focus, the easier it can be to reach your target audience and to get them to purchase because they feel you are speaking directly to them.

So don’t choose the “make money” niche because you’ll discover it’s too vast and too broad. Instead, choose the; “part time work for high schoolers” niche or the “supplement your social security with a profitable hobby” niche. See the difference?

I know I’ve given you a lot of tips here. You might want to go back and review (then implement aggressively), because it’s equivalent to rocket fuel for your business growth.

So you slaved over your latest blogpost – and nobody tweeted it or shared it on Facebook? Or perhaps you wrote a dozen new articles – and all you hear are the sounds of tumbleweeds drifting across your screen?

It’s harder and harder these days to capture attention – namely because attention spans are getting shorter as people are deluged with more and more things to watch/read/do.

Here are some fast tips to make your writing – shall we say – more readable.

Forget your honors English class and write like people speak. Not sure if you are? Try reading your writing out loud. If it’s awkward or stilted, work on it.

Break it up. Seriously. Ever get an email that’s a one page paragraph? Could you read it? DID you read it?

Hit the enter key like this.

Often.

Use subheads. People like to scan what they’re reading, and if something captures their attention they dig deeper. That’s why you want to add subheads to your blog posts and articles.

Not Sure What A Subhead Is?

It’s like a mini headline inside your article or blog post. See the line above.

Bold your important points. If you make your key concepts bold, the scanning eye will see them and often stop to read the complete sentence.

Use photos. Photos catch the eye like nothing else. Better yet, use photos that have at least one face in them. Studies show the eyes will linger longer on a photo of a face.

Caption your photos. The second most read copy on a page is the photo caption, so make it count. Don’t just write one or two words – think of it as a headline to generate interest. If you need two or three lines, go for it.

Use bullets and numbered lists. What’s typically the third most read part of a sales letter? The bullets. (No surprise – headline and photo captions are the first 2.)

Use links. Link to relevant info on your own website and to your research on external websites. Internal links keep your readers on your website longer, while external links show that you’ve done your research and know what you’re talking about.

Implement these simple tips and you’ll get more people paying attention to your content. With a little bit of practice, you might even give late night television a run for their money.

Has anyone ever told you to set goals? I know, silly question. People are always telling you to set goals because goal setting can and does work. But has anyone told you there is a right way and a wrong way to choose those goals?

For example, you want to earn $10,000 a month so you set a goal to reach that $10,000 mark. So far so good, right? Actually, no, because this is what’s known as a “static” goal rather than an action goal. Static goals sap your motivation because they’re focused on outcomes that are, for the most part, outside of your control.

Bottom line – they seldom work.

Imagine you’re in your living room and the house is a mess. You set a goal to have a clean, straightened, neat house in the next 2 hours. You visualize your house being clean, you look at pictures of your house taken when it was clean, you write down your goal, and 2 hours later? Your house looks exactly the same.

Why?

Because you didn’t DO anything. You took no action because it was a static goal, not an action goal. “Have a clean house” has no action tied to it.

But what if you reword that goal to the following:

“Straighten, vacuum and clean the living room, kitchen and dining room.”

Do you see how you are firmly in control of whether or not this goal is achieved? And now you’ve got a goal with ACTION in it. You could even break this goal down into several smaller, action oriented goals to make it even easier to achieve.

So let’s look at how action goals can help you in your business:

Instead of setting that, “I earn $10,000 a month” goal, how about…

Week 1: I create my first product on ____ (subject)
Week 2: I set up the website, sales letter and emails to promote this product.
Week 3: I contact my list to offer them my new product, I write 3 guest blog posts on this topic to promote my product, and I contact 25 potential affiliates and joint venture partners and ask them to promote my product.
Week 4: I create my second product.

If you’re using static goals you’re going to get frustrated. Still using the $10,000 a month goal as an example, it’s going to take you an investment of time and effort to reach that goal. In fact it could take months to get there, and if you’re not seeing results in the meantime, you’re likely to get frustrated and quit. Not to mention the fact that the goal has no action tied to it, and so you’re likely to “wait” for it to happen – which it never will if you’re not taking the right actions to achieve it.

By setting action goals that take you to where you want to go, you are always achieving, you’re always making progress, and you’re constantly being revitalized by the achievement of each action goal.

You might want to set some action goals right now, before you forget. I think you’ll find it becomes an addictive habit that pays off often and exponentially.

How can you create a product in less than a week that has a high perceived value and is almost guaranteed to bring its own traffic and sales? One word: Interviews.

Here’s how to do it…

First, choose a niche if you don’t already have one. Preferably you want to find a niche with experts who have their own email lists.

Second, choose a hook. If your niche is vegetable gardening, your hook might be, “How to grow an entire year’s worth of veggies for less than $50.” If your niche is classic cars, your hook might be, “How to buy classic cars for half their real value.” If your niche is Internet Marketing, your hook might be, “How to drive tons of traffic to your website without spending a dime.”

Third, once you have your hook you’ll want to find your experts. Book authors are great for this, as are bloggers and any fairly well-known experts in your niche. Don’t be afraid to approach well known people because you’re going to offer them something they want – exposure. Everyone has something they want to plug, whether it’s their latest book, their website, their new product or whatever – and you’re going to use this to your advantage.

Fourth, contact your experts. You can do this through phone or email, whichever you’re more comfortable with. Ask them if you can interview them, and be sure to mention that you want to plug their latest product or book for several minutes at the end of the interview. Everyone loves a chance to not only expand their audience, but to also make some sales of their latest product.

Fifth, if their product has an affiliate program you’ll want to sign up as an affiliate, do a redirect and give that link at the end of the interview to promote the product. This way both you and your interview subject will make money.

Sixth, conduct the interview. Sign up for a trial at Instant Teleseminar. You’ll get your own conference number and access code. Set the interview up to be recorded, and once the interview is over you can download the mp3 recording. Simple!

Keep the interview fun and relaxed, and ask questions along the lines of your hook. You might want to let your interview subject know ahead of time what you will be asking so they can be properly prepared. They might also have suggestions for you on what they would like you to ask them.

Seventh, ask your interview subjects to promote your new interview product for you. Because they are one of the featured speakers they will likely not only promote it, but promote it heavily. In addition to sales for you and commissions for them; it also means subscriber sign ups for you and back end sales as well (remember, you’re promoting a product at the end of each interview and receiving affiliate commissions on those as well.)

And there you have it – an easy, fast way to create your own product with a high perceived value. If you do a dozen or so interviews, you can easily charge $47 to $97 for the package. And since you’ve chosen experts who have their own mailing lists, you’ll also have a way to promote your product for immediate sales while simultaneously growing your list!

I don’t need to tell you how important the conversion rate on your squeeze page is. The better it converts, the more prospects you get. The more prospects you get, the more sales you can eventually make. So how do you get your squeeze pages converting like gangbusters? Here are 13 things you should be doing on every landing page you create to ensure you’re capturing every prospect possible:

Know who you’re talking to. On your squeeze page you are speaking directly to your prospective customer. So who are they and what do they want? You’ve got to know your customer and use the words and images that will appeal directly to them.

Keep it simple. Really. I’ve seen squeeze pages that are cluttered with so much stuff you don’t know what to look at first. So what happens? Rather than try to sort it all out, many people will simply close it. Remember, you’ve got about 3 seconds to capture attention and hold it. Keep the clutter out and only share enough to get them to take action right now. Any more than that and you’re confusing them – and losing sign-ups.

Split-test. Everything. Repeatedly. Use a good split test program to test your headlines, your colors, your fonts, graphics, form, opt-in button, EVERYTHING.

Use one strong focal point only. You can and should use different font colors and sizes, but you only want one focal point to draw the eye in and capture attention, and that should be your headline. Everything else should flow from the headline.

Your entire message should be consistent. In other words, don’t use a headline extolling the benefits of weight loss and then use bullet points about the benefits of exercise unless it’s in direct relation to weight loss. Keep it consistent or you’ll confuse and lose your prospects.

Match your landing page to your sales page. If your sales page is for a product that teaches traffic generation strategies, then your squeeze page should refer to traffic generation strategies, not Internet Marketing in general. This might sound basic, but it’s surprising how many times I’ve gone from a squeeze page on one topic to a sales page on something different.

Sell the benefits. Remember, you’re not selling a drill, you’re selling holes. You’re not selling steak, you’re selling the aroma, the taste and the satisfaction.

Forget what you think. So you think you’ve found the perfect headline? The magic bullets? Just the right color scheme? It doesn’t matter what you think – it matters what converts the best. See #3.

Think “above the fold.” Yes, your squeeze page might extend beyond the fold – that is, below the area that shows in the computer screen without scrolling. But the area above the fold should stand on its own. It should show the headline, the bullets and the opt-in form. The below-the-fold-area is for those prospects who haven’t quite decided to opt in yet and want more info.

Tell them what to do. Your visitors landed on your squeeze page because they’re looking for something. Don’t be coy or clever – make it clear what they will get and what they need to do to get it.

Color matters. Use opposing colors on the color wheel to create contrast, and then test, test, test. Yes, some colors really will convert better than others but it depends on your offer and your audience, so you’ve got to test it for yourself.

Be trustworthy. Use short, 1 sentence testimonials that rock. Display your logo, certification, etc. Place your contact info at the bottom of the page. If you’ve been in business for years, state how many. If you’ve won awards, place those on there as well. Don’t clutter your page with this info, but do make it available.

Ask. Perhaps the best squeeze page trick, outside of testing, is to ASK them a question that they must answer with a YES! “Do You Want to Look 10 years Younger?” “Are You Ready to Build Your List 10 Times Faster?” “Do You Want To Be Irresistible to Women?” Strategically placing these on your website puts them in a “YES!” frame of mind, making them more likely to opt into your list.

Implement these conversion hacks to increase your opt-in rates and grow your sales!

There’s always a lot of talk on how to recruit affiliates to promote your products, right? But what if instead of recruiting affiliates, you TRAIN affiliates?

homebusinessideas.com/images/affiliatemarketingtraining.jpg” alt=”How To Build Your Own Army of Affiliates”>

That is, announce you’re offering affiliate training once or twice a month, live on a webinar. The training is free, come one and come all. You put out the call, and then using your own products as examples, you train them in how to make money by promoting affiliate products, especially yours.

This reminds your list month after month that they can make money promoting your stuff. It also builds loyalty, since you’re giving free training on how to make money doing this. And it forges partnerships between you and your affiliates. When they can speak to you on the webinar, or at least ask their questions and hear your voice, you’re building rapport. At the very least you will most certainly sell more products to those who attend your training because they now know, like and trust you.

And in addition you will begin building your own army of affiliates to promote for you all over the web and reach people you could never reach on your own. It’s a win-win all the way around, and it will only take you a couple of hours a month to do this.

I’ve seen this time and again.

Someone builds a nice little site, or product, or some sort of residual income stream.

Then they spend their time tweaking it and trying to increase the income from it. They’re good at SEO and so they tweak and tweak and tweak to make the most money possible from that asset. 

Good so far, right?

But there comes a point of diminishing returns. The site or product or whatever is making $1,000 a month. 

And after hours and days and weeks of tweaking, the site is now making $1,100.

But here come the monthly bills (mortgage, car, insurance, etc.) and the bills are far more than $1,100. So, what’s a marketer to do?

Sell the asset, of course. You might get $3,000 to $5,000 for this asset, depending on what it is and so forth.

Now they have the bills paid and maybe go on a bit of a spending spree, but no asset and no residual monthly income.

Of course now they have to do it all again – build an asset, tweak it and wind up having to sell it to pay bills.

Did you spot the mistake? It’s hard to miss.

If the marketer had spent just enough time testing and tweaking…

…And then moved on and REPLICATED the process…

S/he would then have TWO assets each creating $1,000 a month in residual income.

Then rinse and repeat. Building one asset a month, that’s $6,000 a month in residual income after six months, along with assets totaling maybe $18,000 or a lot more.

As you’ve already guessed, the point is that while you do want to test and tweak whatever it is that you’re doing online, you don’t want to make a career out of it. 

Optimize it the best you can as quickly as you can, and then replicate the process and build another one, and another one, and another one…

In the above example, our marketer could have started selling one asset (product, site, etc.) per month after six months or a year, to again greatly increase their monthly income. 

Selling these assets before their life cycle ends can be a great idea. After all, it’s hard to sell a product or site once it’s no longer making money.

Do what you need to do, but don’t make a career out of making a few extra dollars while leaving loads of money on the table.