5 Different Income Streams You Should Focus On…
Today is Episode 4 of 7 of Gavin’s Hybrid Funnel System and now it is getting really interesting.....
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I’ve talked about this before… but I want to go into a bit more detail and relate it to your Hybrid Funnel System…
So, you may or may not be a Network Marketer…
…and that’s OK…
(Much of the training I do is to help teach Network Marketers generate more leads, more reps and more cash using the Internet… however my training and hybrid funnel will work for ANY online business, and I’m going to show you now…)
Essentially there are FIVE (5) different types of income you can earn online…
(yes there are others, but I’m ONLY focused on the FIVE…)
What are they?
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Register for Wednesday’s Live Webinar here where I’m going to go into much more detail about the Hybrid Funnel System http://networkingsuperstars.com/1k-a-day/?uid=16
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Income Stream #1. High Ticket Offers
Income Stream #2. Network Marketing Income
Income Stream #3. Affiliate Product Income
Income Stream #4. Monthly Continuity Income
Income Stream #5. Your Info Products Income
Now the great thing about the Hybrid Funnel System is that it allows you to plugin ANY of the above FIVE (5) income streams into your business…
5 Different Income Streams You Should Focus On…
You can choose to focus on just one of them, or ALL of them LIKE ME…
Now when you first get started… just FOCUS on building our your Hybrid Funnel System…
…and while you are building out your Hybrid Funnel System, just FOCUS on the ONE income stream…
Then as you get your funnel set up, you can introduce the other income types…
…and you don’t have to do these in order… but, you probably want to go with High Ticket Offers FIRST because you make more money with less work…
…and if you are a Network Marketer, then you can build that for now…
Here’s the funny thing…
When you’ve got your Hybrid Funnel System all set up, it doesn’t take much more effort to make money with all five of the above income streams than just one!
Let’s take a look at each income stream in turn…
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Income Stream #1. High Ticket Offers
High Ticket is generally any product or service you sell that earns you over $500 in income or commissions…
My 7 Figure Team System Software which powers Networking Superstars sells for $2000… that is HIGH TICKET…
My 1-2-1 Coaching sells for $10,000… that is HIGH TICKET…
My Group Coaching often sells for $500-$2000… that is HIGH TICKET…
One of the income streams we have at Networking Superstars called MOBE, allows you to LICENSE High Ticket products to sell in return for commissions of $1k, $3k and $5k plus more… that is HIGH TICKET…
So, if you don’t have a product or service of your own, or if you don’t have anything to sell to earn you HIGH TICKET income, then consider licensing other people’s products…
Income Stream #2. Network Marketing Income
This is where I started…
15 years ago in a company called Amway…
I moved on to Kleeneze…
I moved on to uVme and built a BIG team… the company went bust and closed down…
I moved on to building my own BRAND so if the next company went bust, I could plugin in ANY opportunity without having to start over from scratch…
I moved on to Pure Leverage and built a SIGNIFICANT team and income…
Network Marketing is POWERFUL… It creates massive leverage…
Think about it… what would an extra $1000 – $20,000 or more per month do for your life right now?
PASSIVE INCOME! That is money that comes in to your bank account each and every month and as your team grows, the income grows…
Financial Freedom is here…
The PROBLEM is that most people CANNOT build a Network Marketing Business because they run out of warm market…
So, they turn to the Internet and struggle…
The GREAT NEWS is that the Hybrid Funnel System answers this problem…
Why?
Because it allows you to generate COLD LEADS from the Internet, warm them up using the Hybrid Funnel System, and sponsor them as new reps at the other end…
Using a COMBINATION of Online and Offline marketing methods…
The Hybrid Funnel System is MAGIC!
As long as you build it correctly!
Come to the Webinar on Wednesday and I’ll show you how it all works…
http://networkingsuperstars.com/1k-a-day/?uid=16
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Income Stream #3. Affiliate Product Income
This income stream is AWESOME!
One of the first things you need to do when starting an online business is to BUILD YOUR LIST and FAN BASE…
Once you’ve got a list of people and a raving fan base of prospects who follow you and know, like and trust you… you get to know what they want and need.
…and when you know what they want and need, you can find other peoples products and services to recommend to them, in exchange for commissions!
So, let’s say you want to make an extra $2000 for your holiday or vacation this year…
All you’d do is find a GOOD QUALITY affiliate product, do a review on it, write a few emails and send it out to your list…
In the Gambling Industry many years ago I built a list of 40,000 people… and ONE email to that list would earn $10,000 or more in affiliate income…
This industry is slightly different because it requires more of a HIGH TOUCH… meaning you’ve got to build more of a personal relationship with people first…
1 5 Different Income Streams You Should Focus On…
The great thing with affiliate marketing is that you DO NOT need to create the products yourself… you just leverage somebody else’s efforts
Just like LICENSING products (which we talked about for the HIGH TICKET income and MOBE)
You can also use affiliate marketing to help build your list…
You use PAID TRAFFIC (like Facebook Ads)
You create a Capture Page, and on the thank you page you monetise it by putting a link to a targeted affiliate product.
You make a few sales of the affiliate product which then pays for your advertising…
So, let’s say you spend $100 on Facebook Ads
You generate 50 leads
You make 2 sales of an affiliate product which pays you $50 per sale…
You just spent $100 on Ads. You earned $100 in commissions and you got 50 leads for FREE…
Nice…
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Income Stream #4. Monthly Continuity Income
I LOVE this one too…
Basically you either create a Membership site yourself and create massive value, then charge a Monthly Membership for people to use the site…
OR, you leverage a program like My Lead System Pro (MLSP) so it’s all done for you…
Then you just send TRAFFIC to one of the many MLSP Campaigns, generate leads and earn a monthly income…
Depending on which level you are in MLSP at, you can earn either $15 per month or $100 per month per member… and of course at the higher levels you make much more money…
Think about it… all you do is send 10-20 members to the website, which offers massive value… and earn $100 per month per member…
In Networking Superstars we all build MLSP because of the awesome income potential AND the chance to get showcased and recognised…
Imagine earning an extra $1000, $2000 or $3000 per month in income every single month on AUTOPILOT…
Very powerful…
So, having a Monthly Continuity Income stream in your Hybrid Funnel System is important…
…and there are many membership programs which pay you a monthly income…
Such as ClickFunnels, Aweber, GetResponse, LeadPages and many, many more…
Basically… just an affiliate program that pays you a MONTHLY INCOME rather than just a one time income…
But both ONE TIME and MONTHLY incomes are important…
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Income Stream #5. Your Info Products Income
Once you’ve been online for a while you start to gain knowledge… and you can PACKAGE that knowledge up into an information product which you can then sell…
Over the last 7 years I’ve created more than 15 different info products… some in the Gambling Industry (which I am no longer in) and many in the Internet / Network Marketing Industry…
There are so many BENEFITS to creating your own products…
* Brands YOU as the leader / expert
* You earn ALL the income from the sales of your product (unless an affiliate has sent you the sale)
* You can leverage affiliates to send you massive traffic
* Create an AUTOMATED income stream
* You get CUSTOMERS on your list, who are serious and much more likely to join your Network Marketing team!
Plus MUCH, MUCH more…
Creating your own info product is EASIER than you think…
I just finished creating a $7 product in 24 hours…
Yes, I did a bit of preparation and brainstorming before hand… but I just sat down the one day and recorded 7 videos, edited and uploaded them and put them on a Membership site ready to sell…
There are millions of prospects online…
Most of them are NOT SERIOUS…
Even most people on your list, or people who are your Fans on Facebook are NOT SERIOUS…
But do you think that someone who pulled out their WALLET and spent money with YOU is serious?
You bet they are!
..and once you’ve got a customer… you can look after them, recommend other products and services to them, send them through a STRATEGY CALL / Application process and SPONSOR them into your business…
So… think about it!
If you’ve got knowledge, then at some point soon you’ll want to create your FIRST INFO PRODUCT….
It’s easier than you think…
…and the BENEFITS are HUGE!
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So there you go…The 5 Different Income Streams You Can Earn Online…
I’ve earned multiple SIX (6) figures from these…
I earn income from ALL of them…
Basically the MORE Income Streams you have, the more stable your table becomes…
I call it the Stable Income Table…
Only my table has FIVE (5) LEGS…
One on each corner and one in the MIDDLE..
Register for Wednesday’s Live Webinar here where I’m going to go into much more detail about the Hybrid Funnel System http://networkingsuperstars.com/1k-a-day/?uid=16
Would be nice to see you on Wednesday….
P.S. Wednesday’s Webinar will fill up very quickly, there are ONLY 100 Seats Available, so make sure you REGISTER and show up early… Unquote
If you enjoyed reading this post I would appreciate your feedback so please share, tweet, google+ and comment. Thank you
P.S. – For $1 why not try out our all in one tool suite, saving you almost $500 a month – for 7 days it has to be worth trying – doesn’t it? Click HERE for more info …………… We can help you stay focused ………….
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Comments
Thanks Merle!
Awesome information Merle. Blessings and continued success. Shared on SE page on Google, tweeted and shared via Syndication Automation.