As I was sitting here writing out this newsletter we had a
chimney repairman and a landscaper come out to the house.
Out of my window I could see both of them doing their jobs.
Let me tell you these guys work *hard*.
Both of them get up very early in the morning and put in a
full day's work. The chimney repairman is dangerously
perched at least 50 feet above the ground for most of the
day. And our neighborhood landscaper is breaking his back
carrying heavy bags of mulch all day.
The point is these guys put in an honest day's labor for
honest day's wage every day. They aren't sleeping on the
job or goofing off. They're working their butts off - but
that's not enough!
Do you know the big secret neither one of these fellows (or
most other people) ever figure out?
It's so simple once you understand and it can have a
profound effect on your wealth. Here it is...
Your income cannot be limited by the amount of hours you
can put in. Each one of us are given 24 hours and it
doesn't matter if you are a chimney repairman, landscaper,
CEO, homeless bum, or Internet entrepreneur. We all have
the same 24 hours to work with. Most people simply work -
get paid, work - get paid, work - get paid. You put in 8
hours on the job - you get paid for 8 hours. You put in 40
hours a week - you get 40 hours in salary. That's the way
we've been taught to do it - and the sad truth is you'll
never get ahead doing what everyone else does (that's a
lesson in itself).
You need to think about how you can turn more and more of
your activities into ongoing revenue seeds. First you build
one ongoing income stream and then another, and another and
another.
Let me give you a real example from my business to
illustrate this.
I created Instant Sales Letters
(www.instantsalesletters.com) in February 2000. Every
single day we get orders for this product and at $40 -
$55/pop it adds up. Last year this one site brought in
Six Figures for me. I created the product once and now get
paid over and over again (Though I have added to the
letters and revised them several times.) Now think about
that. Work I did once keeps paying me every single day no
matter what I do. That's a good deal.
Once that first stream is rolling - you can expand into
another stream. For me, it came from people asking me how I
grew Instant Sales Letters and made it so successful online
so fast. That's when I started teaching Internet marketing
based on what I did not just reading about it or talking
about it. So my second stream was a product called "Instant
Internet Profits" (www.instantinternetprofits.com). This
was a complete guide I created that documented everything I
did. That sold well and kept selling. And just a few months
ago I totally revised it based on everything new I've
learned in the last few years.
After "IIP", I went to work on creating additional
products. Of course, some sell better than others but
together they are responsible for bringing in millions
and millions each year.
My thinking is squarely on how can I get the most leverage
and ongoing income from any activity. For instance, if I do
a teleconference series (like www.webcopysecrets.com) then
I will sell the LIVE calls for "x" amount and then have the
calls recorded to turn it into a product I can keep selling
for "y" amount. Then going even further, I could take
excerpts from that product and use them as articles or free
ebooks to be passed along to get additional business. Do
you see how it works? Try to get paid over and over again
for activities done once. Make that your mantra.
One more example. Instant Sales Letters is one of our hot
products so now I've started selling it on CDrom at Amazon.
Just last month it brought in an extra $386. Nothing too crazy -
but for doing the work once of putting it up there - it's
not bad.
To take this further I have also licensed one section out
of the Instant Sales Letters to a company selling CDroms
with consumer mailing addresses and they pay me
$1,000/month for this.
Now here's the warning. With all this said, don't get
fooled by the idea nearly everyone gets. It goes something
like this - "Well, if I can create 10 different products
each making $1,000/month - I'll make $10,000 every month."
Yes, that's a great thought but what happens is you get
sidetracked and lose focus working on more than one project
at once.
Believe me, I fall for this trap also. Your best bet is to
focus on product #1 first and *only* after you have that
securely in place move along to product #2. Trust me, I
realize there are so many opportunities available online
that you want to grab each one - but the only thing you'll
do is run around like a headless chicken.
You can see from my examples my multiple revenue streams
consists of information products. I love info products
because of all the incredible advantages.
But this advice will work just as well for any kind of
passive revenue stream. I hope you spend some time to
think about this.
(c) Surefire Marketing, Inc.
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Yanik Silver is recognized as the leading expert on
creating automatic, moneymaking websites...and he still
doesn't know how to put up a website.
He is the author, co-author or creator of several best-
selling online marketing books and tools, including his
newest resource for working smarter not harder -
http://www.InstantInternetProfits.com
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