But for me.....well I am more interested in finding out how those people....you know the folks who are in the 1 percent income bracket.....well I want to know how they do that. In fact...I have been trying to figure that out for quite some time.
Well if you have read about what happened to me, which you could read on About Us , you would understand that when you spiraled in financially.....you will be looking to get it all back. And during the last couple of years I have been very interested in passive income. You know....residual income that just flows into your bank account.
Well one of the jobs that I looked at was insurance. And when you discover that these folks get paid renewals on the policies they sold the year before....or years before....it can be very lucrative.
And that is one of the ways to become one of those 1 percent income earners. In fact the principle of getting paid over and over again for work that you already performed.....well that is one of the secrets to making big money.
So today I was playing with numbers related to blogging and traffic. If you are a blogger and you get 100 visitors a day and you captured 1 percent of those visitors.....meaning they became a sale of some sort.....well that is only one sale per day. Now to tell you the truth, the internet can be really cool in that you can get a lot of traffic. So if you have a free blog site and you start getting 100 visitors a day you will be doing great.
But with some time, if you know what you are doing......you should be able to get a lot more!
So what if we get 300 visitors per day....and we get 1 percent of those folks to actually buy something. What ever that something is. Anyway we would get 3 sales if we used 1 percent and that would be great....but depending on what we are selling....we may not be making a whole lot of money.
Well I played with this today and put it on a little spread sheet. You see I think 3 sales a day is very doable, with one of the affiliate programs that I am in. And better yet.....we can get paid on renewals from it as well. So we do not just get paid once.....we get paid year after year!
We get paid 25% of the initial purchase and 20% on the renewals. And although I did this on a spreadsheet using 3 per day.....there is no way that it would work out that way. In fact it is ridiculously conservative because if you were doing 3 sales per day.....well you could very well expect it to increase month after month and year after year.
On top of that, this program is so sound.....like a rock hard foundation......those who end up buying a website....almost always buy another one. In fact I have a friend who just bought one and then yesterday he emailed me and told me he was going to get two more. And that's how it works. When people find something that really works.....well they will do that thing.....over and over again!
So even if you worked up to 3 per day.....well if those people bought another site you would make more. And if you figure out what the renewals would be.....well let's just say that 3 per day will never work in real life.
It will always grow or change in some way....but it won't grow in a straight line. But hey.....it's fun to play with the possibilities.
Anyway look at the picture of the spread sheet below.
Alright so we take this theoretical 3 sales per day, which would be 1 percent of 300 visitors per day or 3 percent of 100 visitors per day.....and we multiply it times the $75.00 commission per sale, for the affiliate program that we are using as an example. Well that gives us an annual income of $82,125.00 per year.
Now that would be great right? Uh.....yeah!
But look what happens the second year if nothing changed....and it just stayed with the 3 sales per day. Ahhhhh......we don't just get the $82,125.00 for the year.....we also get an extra $65,700.00 from RENEWALS. And that adds up!!! Now our income jumps up to $147,825.00 for the year!
But look what happens the second year if nothing changed....and it just stayed with the 3 sales per day. Ahhhhh......we don't just get the $82,125.00 for the year.....we also get an extra $65,700.00 from RENEWALS. And that adds up!!! Now our income jumps up to $147,825.00 for the year!
See that is the power of a residual income....a passive income....but when you factor in the renewals.....well that is a power house of an income. It also motivates us to work hard today because we know that later on....the income will just keep growing.
Well it will grow if you have a product that people will automatically come back......and get more of.
Well it will grow if you have a product that people will automatically come back......and get more of.
In this case.....anyone who builds a successful website or blog.....well they will want to do it again. When I joined this company, I bought 3 websites the first year. Ha,ha,ha......wouldn't you like to have me as a customer?
Oh and we talked about those 1 percent income earners......well guess what? Look at the totals for year 3, 4 and 5!!!
So if you ever watched the protesters complaining about the 1 percent income earners....well here you go. It can happen to anyone.
Now let me say something to clear the air. You just don't start a blog or a website and get 100 visitors a day or even 300 per day. But if you do it right.....well then it is very doable! And not only that.....it can grow and grow and grow.
And if you are writing about something you love.....a hobby or a business that you love....well how cool is that? Doing what you love and getting paid for it.
Well I happen to love this company that offers this affiliate program.....and I really love that I can build a stable and long lasting serious income with these folks. And I would hope that you would at least take a look at them for yourself.
Being an affiliate is free.....and the bonus is that when you become an affiliate....you get access to all sorts of training. The kind of training that helps you get traffic.....by building a free blog or a website, the right way.
So check them out.....click here to learn more about this Free Affiliate Program !
So if you ever watched the protesters complaining about the 1 percent income earners....well here you go. It can happen to anyone.
Now let me say something to clear the air. You just don't start a blog or a website and get 100 visitors a day or even 300 per day. But if you do it right.....well then it is very doable! And not only that.....it can grow and grow and grow.
And if you are writing about something you love.....a hobby or a business that you love....well how cool is that? Doing what you love and getting paid for it.
Well I happen to love this company that offers this affiliate program.....and I really love that I can build a stable and long lasting serious income with these folks. And I would hope that you would at least take a look at them for yourself.
Being an affiliate is free.....and the bonus is that when you become an affiliate....you get access to all sorts of training. The kind of training that helps you get traffic.....by building a free blog or a website, the right way.
So check them out.....click here to learn more about this Free Affiliate Program !
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