How to make $600 with $5

I am taking an entrepreneur course over at edx and one of the videos in the course talks about making 600 bucks outta 5, actually out of 0.

Are you asking yourself what is this guy talking about?  If so, take a look at the video below:

A class act – Floyd Mayweather vs Connor McGregor

I watched the fight and couldn’t believe the commentators talking about the first few rounds.  According to them they didn’t think Floyd had control of the fight in the first few rounds.

It seemed pretty obvious that Floyd was taking it easy and letting Connor over work himself to the point that he would run out of gas later in the fight.  Then later on…sure enough… Floyd decided Connor was about to run out of gas so might as well show him how its done.

And sure enough the commentators said that the tide was changing when Floyd started the last chapter of the fight…which was finish it.  The tide wasn’t changing it was just the tide rising the whole time right from the beginning of the fight and Connor going down right from the start of the fight.

I admire the way Floyd makes a game plan and sticks to it.  It is a good message to everyone that making a plan and sticking to it works.

Then, on to the after-fight press conference…Floyd shows even more class and also plays the game, by loving the game with the press… they were all helping to promote each other in the press conference.

Take a look:

 

How to make the most of opportunties

I have spent a lot of time with business owners and am one myself and have come across many different opportunities… I have got into some opportunities and watched as other business owners got into some opportunities.

Some of the opportunities have worked and some have turned out to be not so good.  There have also been times where there has been a very good opportunity that I didn’t see and just let it pass by.

There is a strategy about opportunities, how to recognize the good ones and what to do when one comes up.

And…opportunities sometimes come when you least expect them!

The $10 Digital Marketing Agency Startup

The world of marketing is still changing over into digital marketing.  Now is a great time to start your own digital media marketing agency.

One of the top marketing influencers has put together a book with a step by step information on how to start your digital marketing agency for $10.

 

Automatically post to your social media accounts from a blog post

One of the most important things in marketing is to get your message out to as many people as possible.  Being as most people are online using social media to consume, getting your message out on the social media platforms is very important.

Below is a video about how to get your blog posts automatically posted to social media each and every time you post, without even having to thing about it.  This is one of those things were the leverage is infinite being as it does not take any of your time and it does not cost money to do it.

Compliments of Decato Agency, London Ontairo.

Take a look below:

When are you gonna start doing what you want?

When are you gonna start doing what you want?

Warren Buffett has a few things to say about it.  And he will probably have you laugh while learning from his wisdom.

Things that Warren Buffett looks for when he hires people…

  1. Intelligence
  2. Initiative
  3. Integrity

And he says, if you don’t have the third one, the first two will hurt ya.

 

The 50th Law – Robert Greene

I have recently been turned on to Robert Greene as he has an interesting story and how his book the 48 laws of power came about intrigued me.  And, who ever thought this would happen, be partnered with 50 cent to write the 50th law.

Here is a slick video about the book:

It is live – Day 005

Today is a Sunday…its 8:32 AM my time and I could not resist checking the facebook ad stats to see if the ad started rolling yet.  So I openned up a browser went on facebook, got a little distracted by peoples birthdays and a few other weird posts (like some people I know in a drive thru) then I looked in the right column to see this:

So there we go… about $2.50 per click.  This means I need to generate more than that in return to have something that will be a profit generator.

I am in Canada, so the per click rate converts to $1.85 USD.  The vendor provides some stats from its own actual sales with 3 different sources of traffic, which the vendor states on their website are from affiliates they tested with over a 2 week period.  Below are the stats:

$3.51 USD per hop, 14 hops per order
$2.89 USD per hop, 16 hops per order
$5.45 USD per hop, 8 hops per order

So, to be on the safe side of things (until i get my own actual results) I am going to look at the lowest performer, the $2.89 per hop (hop meaning click to the site).  And because the sales sometimes are random (not every 16 hops will result in a sale, sometimes it will be 2 or 3 in 16 and then it might be 1 in 50 hops) I am seeing it as important to triple the number of hops required to make the first sale as part of the test.  So this would mean that I should expect to pay 48 hops x $1.85 = $88.80.  This would give me a realistic (and proven by my own numbers) test result.

The idea here though is to only spend $20 on a test.  However, $20 will only give me 10 clicks from facebook.  And, if I am lucky and get 1 order in 10 hops then I will be super happy…but I don’t think that is likely.

The second consideration

The product I am promoting has a very well put together marketing funnel.  Essentially there are 8 products that is sells in the funnel.  The commission rate is 75% or more on all the products.  And in clickbank the stats provided by clickbank show the average sale is $49 so the average commission is around $37.  So another way to look at it is simply that I need to spend less than $37 on ads to get the sale.  This almost seems like gambling.  I guess it is, except that I will be able to define where the ads are showing up, the group of people they show up for, the time of day etc etc.  So there is the possibility that I could narrow the demographics and then get a pretty consistent result.

This also makes me realize that there are likely products that sell well on facebook and finding the right one could be all it takes.  So, looking at it a little differently I am simply matching people with a product.  If I pick the right product and the right people the sales *should* happen.  And then I am essentially just getting paid to match people with products and services.  The better I get at it the more I will make.

And another consideration is that I have heard a lot from high level marketers about the days when google ads were like $0.05 per click.  I remember when google ads first came out…and now I can see why the marketers loved it so much…then would have been able to get 20 hops for this product for $1.  Better yet, they would have got 400 hops for this product for $20 and according to the stats from the vendor, even a 20 to 1 ratio (hops to sales) it would have resulted in about $750 in affiliate commissions.  So it would be like multiplying your money by a factor of 37 day in and day out.  They must have made a very large amount of money in these days.

Annnnnnd… take this a step further…any time there is a new platform that people are starting to flock too…the platform will eventually roll out an advertising program and I bet that most times the ad rates are very low in the beginning and this is a huge opportunity for marketers to make some quick cash.