Found Money: Creating Streams of Passive Income Another Laser Workshop by Novice to Advanced Marketing System at http://MyNAMS.com Copyright (c), All Rights Reserved, Niche Affiliate Marketing System, Inc.

All + All -

Found Money: Creating Streams
of Passive Income

Another Laser Workshop by

Novice to Advanced Marketing System
at http://MyNAMS.com

+ - Purpose of this course
- This is the core of the NAMS mission for our members:
  
  “Help as many people as possible become successful with their online business and build wealth in the process”
  
  Building wealth in any business is about building ON your previous efforts
  + - How did Ray Kroc become incredibly wealthy at 52 years old with a hamburger?
  
  Instead of selling a hamburger every day, he sold a business every day to create more streams of income.
  + - We're not here about creating restaurants. But we are talking about franchises - in the Michael Gerber sense of the word.
  - Repeatable processes that can be built once and leveraged over and over
  - The process becomes the asset
  - ~ e-Myth Revisited
+ - Dream
- Create endless and diversified streams of income
  Do the work once and get paid for ever
  
  Be VERY active about building your passive income
  Training Courses - teach others what I know and have it available online
  Book Publishing
  Membership / subscriptions
  Diversification - multiple steps and multiple paths
+ - Prototype
- + - Investing
  - + - Repeatable processes
    - 6 Steps
  - + - eCourses
    - 6 Steps
    - Free Affiliate Training
  - + - AR series
    - + - ~ aWeber
      - ~ http://nams.ws/aweber
    - + - ~ Get Response
      - ~ http://nams.ws/getresponse
  - Outsourcing
  - + - Re-purpose
    - Jeff Herring
    - ~ Debbie Drum and Amy Harrup
  - + - Membership Sites
    - + - Paul Evans
      - + - ~ Nicheology
        ~ http://nams.ws/nicheology
      + - Daniel Hall
      - + - ~ Real Fast Memberships
        ~ http://nams.ws/48hours
      + - Nicole Dean & Melissa Ingold
      - + - ~ CoachGlue
        ~ http://nams.ws/coachglue
  - + - Software
    - Solve Problems
    - Build a solution that can be sold
    - + - Plugins
    - + - Membership
      - + -
        
        Free account
        
        ~ http://xbrander.com
  - Partnerships and Relationships
- + - Affiliate Marketing
  - Selling Hamburgers or building stores?
  - + - Clickbank, CJ.com, Shareasale, and other programs
    - Pick Evergreen products
    - And build a site around the product
    - Make YOUR site the target, not the product
    - That's a stream
  - + - Affiliate Program Resources
    - + - ~ Clickbank
      - ~ http://nams.ws/cb
    - ~ Commission Junction
  - + - Understand database tagging vs. cookies
    - ~
      
      + - Look for programs that use lifetime database referrals
      Dozens of products and more all the time
      Send traffic once, make money forever on those you refer
      Refer even more and make more.
  - + - Get paid for introductions over the long haul
- + - Selling Products
  - + - Evergreen, Evergreen, Evergreen!
    - Barbecue Grills are not Evergreen!
    - Barbecue recipe books are
  - + - Commodities
    - + - Things people have to have
      - Domain registration
      - Hosting
      - Seeds and gardening tools
      - Seasonal renewables
    - + - Renewables
      - Continuity programs
      - Product upgrades
      - Membership fees
  - No Fads or Trends
- + - Advertising
  - Funnels
  - + - ROI
    - Dollars invested, dollars returned
    - Know your funnel numbers
    - Front vs. Backend
  - + - PPC
    - + - Adwords
      - + - Example
        6 years
        
        $2 investment
        
        $70 return
      - Scale or not
      - Tweak, tighten and subtract
    - + - Facebook
      - Scale or not
      - Tweak, tighten and subtract
  - Banners
  - + - SoloSwaps
    - Same email in play
    - Multiple buys
    - Over time
- + - Selling Yourself
  - Coaching
  - Celebrity
  - + - Live Events
    - Product creation
    - Long Funnel
+ - Test
- Start with one
- + - Research
  - + - Niche Discovery
    - + - ~
      - ~ http://mynams.com/live-training-replays/nams100-training-kevin-riley-on-choosing-a-niche
      - ~ PDF of the presentation
  - + - Keyword Research
    - ~ http://nams.ws/wt
    - + - Searchers vs Buyers
      - Searchers are generic keywords like "Best Hiking Boots"
      - Buyers are specific keywords like "Waterproof Leather Hiking Boots"
    - + - Why buyers
      - More specific means the searcher is drilling down looking for a product
      - If you pay for advertising, you're qualifying the market first
      - Fewer searches, better and more consistent ROI
  - + - Validate Market
    - + - Advertising
      - Magazines
      - Television
      - Banners
    - + - Competition
      - How many
      - How good
    - + - Prospects and Customers
      - Freebies
      - Researchers
      - Buyers
  - + - Validate approach using 5 areas
    - Based on all the information you've gathered
    - And the self assessment for how you work best
    - You'll focus on the right niche and right system
+ - Execute
- ~ Use the checklist
- ~ Use the worksheet
- ~ Use the calendar
- + - Build a funnel
  - Using your decided approach
  - Build "stores", don't sell "hamburgers"
+ - Feedback
- + - Communication
  - Focus group
  - Support desk
- + - Technical
  - Are they clicking
  - And what happens when they do
  - Google Analytics
- + - Marketplace
  - Are they buying
  - Are they buying more
+ - Improve
- Evalutate your feedback
- Make improvements
- Can you add more content
- Another product