A Six Figure Income Online - The Best Way To Build One
A Six Figure Income Online - The Best Way To Build One
Building an automated six figure income online, through a proven Internet Business model, is possible for the new or inexperienced Internet Marketer, providing you understand how to go about it, are passionate about it and are prepared to work hard.
I owe it to you to tell you, here and now, that there are no get rich quick' schemes that work. Internet Marketing is a business and you will need to treat it as such in order to achieve a six figure income online but the exciting news is that newcomers, or inexperienced Internet Marketers, can achieve great success online relatively quickly!
There are differing views as to how to achieve success online and build your own six figure income, but I want to show you a model that I know works.
So, how do you build a six figure income online?
For a long term, successful Internet business model it's better to build more than one income stream. That way, if one part of your business is a little slow your income is not completely dependent on it.
The three types of online income I recommend for a balanced six figure business are:
1. A high ticket item: for example, a direct sales product where the commission per sale exceeds $1000. It can take as much, or more, effort to make $1000 from selling a $27 e-book than it does to sell one high ticket item per month.
2. Affiliate sales: simply where you recommend, and sell, other peoples products to your subscriber list. The key here is to buy, test and approve every product you recommend. Selling poor quality products to your subscribers is the best way to lose them!
3. Residual income: this can be generated via subscribers to a membership site, for example, or from over-rides earned when people you sponsor and support, in a high ticket direct sales business for example, become successful in their own right.
What's the key to succeeding on the Internet?
Putting those income streams in place is a good foundation on which to build your six figure income, but no success will come unless you learn how to market effectively online.
By that I mean you need to understand how to drive traffic (prospects) to a website, how to capture their contact information (build a list), how to build a relationship with them, to a point where they like and trust you, and how to make it easy for them to pay you when then want to buy.
Do I need help to build my six figure business?
Not necessarily. You can go it alone, but learning Internet Marketing strategies and tactics can be the most challenging aspect of building a six figure income online. There is so much to learn, so many opportunities and educational products to choose from (some that work and some that don't!) and a real danger than you can make the wrong choices or just get overloaded with information.
An alternative for you could be to look for a member of The Six Figure Mentors, someone who knows how to build a six figure business online, and partner with them. It could well improve your chances of success, as well as speed up your progress.
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