| Want to know how to make residual income? Then | | | | costs ($47 per sale) why was it a stroke of genius, I |
| make side income to supplement your current earnings | | | | hear you ask, sat in front of your computer screens? |
| by setting up an online business selling digital information | | | | Well, for the following reason... |
| products. This is the easiest and quickest way to earn | | | | The book sold over a thousand copies very very |
| residual income that I know. | | | | quickly because there were plenty of affiliates selling it |
| To successfully create passive income that will make | | | | as they were getting a great deal of income for very |
| a difference to you be clear about the business model | | | | little effort. |
| you intend to use, know the numbers and automate | | | | The numbers: |
| the process. | | | | 1000 books sold x $397 = $397,000 sales. |
| I think the best way to get this message across is to | | | | $350,000 to the affiliates and |
| relate the story of how a real life example worked in | | | | $47,000 to the author to cover all publishing, shipping |
| practice and then together we will do the residual | | | | and handling costs. |
| income calculation. | | | | BUT, |
| This was the business model for the "12 Month | | | | What the author was exclusively in possession of |
| Millionaire" | | | | because he managed the payments and dealt with |
| A home based entrepreneur wrote a book called the | | | | the shipping and handling was the full details |
| "12 Month Millionaire" which described in great detail the | | | | Full Name |
| method he was using to put into action his "12 Month | | | | Address |
| Millionaire" business model. | | | | Contact details |
| The book was well written and it was also substantial | | | | Payment historyof over 1,000 hot customers prepared |
| in good content. | | | | to spend plenty of money ($397) to learn how to |
| The author put a selling price of $397 on the book and | | | | make money themselves. The perfect target |
| then gave the promotional literature to lots of affiliates | | | | audience! |
| to sell it online. What the author then did was a stroke | | | | The author then proceeded to sell 'money making |
| of genius, he gave those affiliates $350 of every sale | | | | products' to them through direct mail over the next |
| and dealt with the hassles of printing, shipping and | | | | twelve months and made an average of $1000 of |
| handling himself. | | | | sales profit from each person on his list. |
| This meant they were highly motivated to sell the book | | | | And that is how he made over $1,000,000 in twelve |
| because it was a good earner for them, they had | | | | months. He became the 12 month millionaire. A stroke |
| quality promotional material to help them sell it, and they | | | | of genius! |
| had no hassle dealing with delivery of the item to their | | | | The moral of the story is to have a simple business |
| buyers. A large free salesforce for the author. | | | | model clear in your mind, know the numbers and then |
| Because the majority of the sale proceeds went to | | | | see it through to the end; that is how to make residual |
| the affiliates and the author only covered his own | | | | income. |