Income Report for June, 2014 – MUST. MOVE. FORWARD—->
28,275 page views (-752 from May)
13,205 Youtube channel views (-5,913 from May)
96,457 minutes watched (-25,039 from May)
Aweber subscribers: 7,425 (-63 subscribers from May)
GetResponse subscribers: 3,178 (-54 subscribers from May)
Total email list subscribers: 10,603
Aweber: $69 – This is my list building software that allows me to email everyone when there’s a new interview
GetResponse: $45 – This is the autoresponder I use for my buyer’s list and solo ads
Facebook ads: $34.37
Traffic Planet Hosting: $24.99 – The hosting account that I recently switched to. It’s super fast and I’m very happy with it.
Resell Rights Weekly: $19.95 – Reoccurring membership fee for the bonuses I add from my interviews and reviews
Click Magick: $17 – The awesome tool I use for tracking clicks, optins, and sales
PLR Assassin – $11.16 – Reoccurring membership fee for the bonuses I add from my interviews and reviews
Skype: $10 for premium
oDesk Virtual Assistants: $5.92
JVZoo Fees: $.70
Total expenses: $253.04 (-$1.85 compared to May)
17 Commandments (CLOSED): $76.58 from quick promo
Easy Funnel Maker (CLOSED): $46.29 from interview with Barry Rodgers
Inner Circle Solo Ads 3.0 (CLOSED): $24.75 from interview with Rob Stafford
Solo Ad Business Blueprint (CLOSED): $21.64 from interview with Kate Rosenberg
Solo Ad Expert (CLOSED): $15.26 from interview with Jonathan Mizel
Money CRM: $10.20 from interview with Vasiliy Blagodarskiy
The Money Trigger (CLOSED): $9.95 from interview with Alex Jeffreys
Total revenue from interviews: $11,065.45 (+$1,242.24 from May)
Quick and Easy Cash Blueprint (CLOSED): $17 – My product showing the results I had using Vinny’s Simple Novice Profits.
Kindle earnings: $23.68
Long Tail Pro: $7.66 from interview with Spencer Haws
PLR Assassin: $23.26 – This is a website that has a ton of products that you can use as your own
Total from OTHER streams of income: $571.60 (+$399.74 from May)
Total Revenue: $11,637.05 (+$1,641.98 from May)
Total Profit: $11,384.01 (+$1,643.83 from May)
Another good month.
What can I say? It was a fairly normal month as far as income goes. It’s pretty amazing that I had only $253.04 in business expenses to make over $11,000 in profit. It would be nearly impossible to run most businesses at such a low cost. Again, it shows how incredible affiliate marketing and product creation can be.
Coaching Program on the horizon
I finally set up my coaching program this month where I’ll be slowly accepting clients. In this program I’ll be teaching how to make money from affiliate marketing, list building, and product creation. I haven’t started promoting it yet, but I’m currently accepting applications for those interested in getting serious and moving to the next level. If you’re interested APPLY HERE.
I’m at the point where I’m making enough money to pay for my daily expenses, deposit into my savings account, and invest back into my business. I’d like to be consistently putting in about 30-50% of my profits each month BACK into my business so I can start growing at a faster pace. Of course I don’t want to just throw money away, so I’ve been carefully crafting out a sales funnel for new lead generation to funnel into my coaching program.
The great thing about this is that by taking action I’ll be going in the right direction even if I don’t get the results I desire. The WORST thing I can do for my business right now is become complacent and stand still.
A new product???
As part of the sales funnel I mentioned above I’ll be doing my first JV style product launch since the end of July, 2013. My goal is to release this by the end of August after first testing out the funnel with solo ad traffic.
I see a lot of people launching product after product with no real “goal” for their funnel. I’ve been thinking long and hard about the “end goal” for the sales process and have crafted a sales funnel based upon that, rather than trying to think up a front end product and then think of the “money” product afterwards.
When I say “Money” product, I mean the product that’s going to be the real cash generator in the launch. For example, if you launch a product at $7 with a $17 OTO and a $27/recurring membership and give away 100% commissions then you’re going to make $0 from affiliates. This is EXACTLY what Alex Jeffreys does. Why? Because he knows that he’ll make his money back in his coaching students.
Let’s say you spend $500 on sales copy, $500 on advertising, and $2,000 on JV prizes for a total cost of $3,00o for your launch giving away 100% to affiliates. If affiliates send you 10,000 visitors, your sales page converts at 10%, and you bring in 1,000 sales you’ll have made $0, right? If you give away 100%, yes. But that’s not where the magic happens.
The magic happens when you have the “money” product in the backend. Whether it’s a high-priced webinar or coaching, THAT’S where you’re going to make your money.
So, if you can convert just 1% of those 1,000 new customers into coaching clients paying $1,997 each then that’s $20,000 back into your pocket. And that’s not even counting the money that will be made in affiliate commissions. These are HOT leads that have bought from you and are EAGER to learn more.
That about wraps it up. I’m EAGER to move ahead and build my business INTELLIGENTLY by investing in things that will move me forward at as fast a pace as possible. I know that the only way to do this is to take risks, help others, and perhaps fail a bit in the process. I’m a bit scared…but more excited than anything else!!!