Friday, February 3, 2017
[Advice] Making Money Online Vs. Building A Huge, Loyal Audience Online
When it comes to making money online, it's not about the money.
"What? Then why am I trying to make money online then?"
The money is a by-product of your true intent. That true intent is building a huge audience that loves your work. I'm gonna show you why you should focus on this instead of the money.
*Let's say you have a mailing list of 20,000 subscribers, built over a course of 3 years, who loves your content. Let's say you offer a product to this mailing list as an email blast. Out of those 20,000 people, only 1% of them bought your product, so that's 200 customers. Let's also say that that product's perceived value is $200 but you're selling it for $100. You just made $20,000 with one email!
Okay, let's say you post a product email blast once a month with the same conversion rate and each product is worth $300. That's $60,000 per month!
Wanna know something that's more powerful? Increasing the value of your content, which increases the conversion rate. So let's say instead of 1%, you get a conversion rate of 2%. You just doubled your income with a 1% increase!*
Don't focus on the money, focus on the quality of your work, and building a huge, loyal audience!
Submitted February 03, 2017 at 10:17PM by imkingcash
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