Continued from page 1
24 Affiliate Promotions X $400 = $9,600/year
Step 4. Show People The Solution - Videos
Technology has advanced to point where you can easily produce very high quality videos from your own home office.
These videos can be tutorials showing screen shots, interviews with experts or a combination of camcorder shots with screen shots.
Now, there is tremendous money to be made in developing multimedia based products - however we will be very conservative with our estimates here, we'll assume you develop this product 6-months into your business and that it will be a $47 DVD (in reality they can often be priced much higher - depending on topic and uniqueness of content) --
25 sales X $47 = $1175/month or $7050/6months
Step 5. Offer Services
If you have selected your market carefully, tapped into a wave of demand and offered a unique solution or system to solve a particular problem - then people will come to you looking for help beyond your product.
Offering consulting, coaching, mentoring, implementation or other services may not be your first goal, but requests will come and you may as well prepare by pricing and marketing your services in advance.
To this day, I still fight most consulting engagements - I simply love creating products too much. But offering consulting or other services does bump up your monthly income and is a great way to stay in touch with your market - first hand.
Typical consulting rates range from $150-$300/hour. For this example, I'll assume minimal consulting at just 10-hours per month and assume your first consulting income will not be generated for first 6-months as you build your customers and reputation.
10hours/month X $150/hour = $1,500/month or $9,000/6months
THE GRAND TOTAL
So far we have following:
$40,200 from main product $6,660 paid teleseminars $32,160 additional products from recording teleseminars $9,600 from related affiliate products $7,050 from video/multimedia products $9,000 from consulting and services
What I have outlined here is a completely reasonable, and in many cases, very conservative estimate of what you can do in your first year of becoming an infopreneur.
It's model I followed, as have most other online marketing success stories. While split of numbers may look different, categories are pretty consistent.
Most important is that you select a target market and niche demand that is red-hot, in-demand and that people have proven propensity to spend.
From there, you will find that blowing estimates used above out of water is a very realistic possibility.
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