Suppose you can gift free access to a course to anyone.
And suppose further that by giving away the course, you can earn $ 10,000 a month.
Interested? Here’s how a guy (we’ll call him Jim) is doing exactly that:
Jim created a comprehensive and comprehensive course geared toward beginners who want to start an online business.
Of course, he did not create it from scratch. Rather, he took the best PLR he could find and repurposed it into a massive course that teaches people all the major online marketing methods such as PPC, affiliate marketing, list building, website flipping, Amazon, selling. of software, creation of information products. , blogs, etc.
In the course, he includes the basics of each method and encourages his students to choose a method and to take care of building their business.
Then, for each method, promote an affiliate link for the “best” in-depth course in each category.
Now pay attention to the following: only promote recurring courses. That is, membership type courses and sites that bill month after month.
So when you make a sale, you will continue to be paid as long as that person remains a member.
It gets even better, because it also promotes related products like web hosting, autoresponders, etc. Anything that makes sense, works, and is billed monthly is a product that you are likely to promote.
And it doesn’t even stop there. You are also creating your own recurring courses on each topic. Once you finish a course, you put it online and then change the affiliate links for your own course.
He likes that each course is of a fixed length, such as six to eight months, because he has found that students tend to stay longer and pay more when an “end” is looming.
And of course, within each of your own courses, you promote corresponding products that help your students build their businesses better and faster.
You do all of this first by building trust with your list, showing you know what you’re talking about, and being the reader’s advocate and teacher.
Building trust is crucial and pretty easy too. When you tell your readers the good and the bad of any money-making method, they start to trust you. Remember, most marketing emails for online business type products only tell subscribers how good something is. They do not say what is not so good. But he always gives his opinion, both good and bad, and that is why people love him, trust him and practically do what he tells him to do.
So by the time you start promoting affiliate links, your readers are taking your suggestions without a second thought.
I know you are making at least $ 10,000 a month using this method and frankly you are not working that hard either. The main thing you focus on is continuing to attract new people to your free course, knowing that you will eventually make one or more sales to many of them. And when you do, those sales will be recurring.
It’s a great business model and just about anyone can duplicate it. Remember that your target market is newbies and people who have not yet been very successful in their online business.
And you can monetize this even more if you want, by promoting special offers for your readers who have been with you long enough to trust you, as well as by selling individual emails to other marketers.
One thing: if you decide to sell solo ads, I advise that you generally only send the ads to those subscribers who haven’t bought from you. It is a way to monetize your non-buyers, without disturbing or losing any of your customers.
Now you may be wondering: how do you gift your course? The quickest way to do this without relying on other list owners is to set up a funnel where you drive paid traffic. Ideally, the funnel is self-liquidating, so that it pays for itself. And you can do this by advertising your free course and then having a backend product that allows you to break even.
Make sure your backend product is great with tremendous value and you will do well.