Have you ever watched a plate-spinner on television? They balance a fine china plate on a stick, keep it spinning for an extended period, then move on to another plate. This process continues until they have a whole row of plates spinning simultaneously. This spectacle is not only entertaining but also a powerful metaphor for successful online business strategies. The most profitable internet entrepreneurs are, in essence, plate spinners. They set up one income stream, get it spinning, and then move on to the next. This article will guide you on how to replicate this successful formula.
Successful online entrepreneurs often have several automated business models running concurrently. These businesses require initial effort to set up, but once they're spinning, they only need occasional attention to keep them going. This is the power of automation in online business.
Digital products or services that continue to sell (i.e., spin) throughout the day are the key. For instance, people selling digital books, automated online services, or products processed in real-time all utilize this strategy. Once the initial effort is made to get the business running, it continues to generate income with minimal intervention.
To replicate this powerful formula, you need to offer digital products that can be delivered instantly online. For example, a business associate of mine earns over $7000 a month selling an ebook that took him two weeks to write. The book continues to sell around the clock, and his workload is minimal. After automating this process, he started another service that brought in an additional $5000 a month. His workload is virtually zero, yet his gross income exceeds $10,000 every month.
Here's how you can apply this strategy:
Develop Your Own Products or Services: The key to success is developing your own products or services that can be distributed automatically online. If you're an expert in a particular field, consider writing an ebook about your success and discoveries and selling it online. Alternatively, you could create an online service that benefits others, such as an automatic advertising program or an automated web page creator.
Set Up a Direct Response Website: Your website should be geared towards creating a direct response. Connect it to a real-time credit card processor like iBill.com, Multicards.com, CCBill.com, or ClickBank.com to offer your product online instantly and automatically.
Promote Your Site: Promote your site extensively. Set up an affiliate program and get the ball rolling. With this system, your workload will be minimal, and your business will be virtually on auto-pilot.
Repeat the Process: Once you have one product or service running smoothly, repeat the process with a new one. If it targets the same market, introduce it to your existing affiliates and let your current customers know about it.
By developing automated streams of income and delivering the products to the appropriate market, you can create multiple income streams that keep money flowing in week after week. It's time to learn how to keep those plates spinning!
