The primary problem most people encounter when starting out online is becoming overwhelmed with the plethora of potential opportunities.
Ideas bubble forth and before you know it, you are working on several ideas but not really sure of the outcome of any of them and ultimately spread yourself to thin.
With all of the GOLD Rush Hype style methods and products on the web, many people get sucked into the crusade of finding that one easy method that will make them rich in a few weeks.
Unfortunately, there is no silver bullet or magic pill that exists to create a fortune overnight. However, the people who spend their time working on one strategy and making it a success are the ones that ultimately earn a sizable income leaving the dream hunters behind.
So, Which Business Model Should You Choose?
This is by far the hardest decision for many, and often people don’t make a decision and drift from idea to idea.
The most important thing is to pick one strategy and work on just that strategy and see it through until you make it work.
It won’t happen over-night and it won’t happen if you give up.
If you work on any of the strategies below with an open mind, with dedication and a desire to be successful then you will be able to make a sizable online income.
As always learning from someone who knows what they are doing (be it through networking or through a paid course) will significantly speed up the time it takes for you to be successful at any of these strategies.
3 Effective CPA Marketing Strategies with Great Potential
1.) Pay Per Click “PPC” to Cost Per Action “CPA”
This involves brokering Pay Per Click Traffic (Adwords, YSM, Microsft Adcenter etc.) to CPA Offers and other affiliate programs with the intent in earning more from commissions that you spend on your ads.
Estimated Cost to Setup: $1000 – $4000 (PPC software, PPC courses and lost Ad-spend)
Time Frame: approx. 2-6 months before seeing any Return On Investment “ROI” as there is a steep learning curve. For newbies, expect a longer time frame to hit a profit and a larger potential net-loss to start with. Budget and expect the worst case scenario and not the best.
Pros: Extremely lucrative with potential for a 5 figure monthly income in the first year.
Cons: The downside with this strategy is that it is unsustainable. Successful campaigns often die for a variety of reasons and as a result you need to constantly check your statistics to ensure all your campaigns are making money.
Negative ROI “Return On Investment” when starting and testing campaigns.
Very difficult to outsource this strategy without giving away your strategies, niches and successful keywords.
2.) Article\Web 2.0 Marketing, Blogging & Affiliate Marketing
The safer low cost strategy is starting out with article marketing mixing in Squidoo and other web 2.0 properties to promote your own blog and affiliate products (CPA Offers, Click Bank, eBay etc.).
Ultimately, you should work on building up a really useful ‘product focused’ niche blog that provides true value to its readers.
This blog will create long term sustainability to your income and open up new revenue streams.
Look to add value to the reader and not just fill your site with crappy filler content and poorly written articles.
Additionally you should work on other promotion techniques (there are so many available) as this will greatly expand your business as you can get more traffic – and traffic is key.
Cost to Setup: $10-$20 (domain name & hosting).
Time Frame: Results can be seen in first 1-2 months but are usually quite modest.
Pros: If you work on this daily creating several articles each day and promoting them wisely reaching $100 a day over a few months is realistic. If you grow your blog to dominate its niche potential is higher but it’s a lot of work and results are slow and gradual.
Despite the long term effort required, this the best of the 3 strategies due to it being sustainable and very easy to outsource 90% of tasks making it very easy to semi-automate once the site is established.
You can literally create a $100/day profitable blog and outsource 90% of the tasks so you only need to spend 2 hours a week on the site dealing with freelance staff. That’s like $700/hr once you are set-up which is why I love this strategy.
Cons: Can take some months to build momentum to start seeing a decent ROI, but once past that you will never look back.
3.) PLR eBooks & Membership Site
This is where you get lots of Private Label Rights “PLR” eBooks on a certain niche and setting up a niche membership site where you give access to all these eBooks.
Promote your membership site in relevant niche forums and groups (like Yahoo Groups) using a signature link and making interesting posts (not blatant advertising) and possibly do some article marketing as above.
Use of a mailing list with an auto responder is also important to help close the sale and drive additional sales.
Cost to Setup: $100-$800 (Buying PLR eBooks, Membership Script, Email Auto responder, Domain, Hosting).
Pros: Once you have your membership site and an auto responder series setup (about 2-12 weeks work for newbie) if you work extremely hard every day to promote your membership site to a targeted audience reaching a 4 figure ($xxxx) monthly income within a few weeks of launch is realistic – with experience you can rinse and repeat this method and get even better results.
Using a recurring membership structure will help with long term revenue.
Cons: Finding quality PLR eBooks can be extremely difficult. There’s lots of PLR out there but most of them are awful quality. Additionally, continuous work is needed to sustain income. Even with recurring memberships people usually cancel so your income will depreciate unless you continue with promotion or launch a new sites.
While some work can be outsourced, it is difficult to outsource some of it meaning it is hard to automate this business model in its entirity.
