The Biggest Barrier Between You and Your First Internet Dollar

Recently I’ve been researching and asking others their most important questions about making money online. That’s how this question came my way, and it’s one that comes up over and over again.

Q: In your opinion, what keeps so many people from making their first $1000 online?

A: That’s a really great question.

So what’s the right answer?  It could be any of the following: list building, mindset, product creation, visibility.

I’m amazed at how many people start an online business and even after many months or sometimes years, have not yet experienced the thrill of making their first $1000 online.

Why is this?  Well, you can’t make money without something to sell!

One way to make your first money online is with affiliate marketing. This means you promote and sell other peoples products for a commission. This option certainly has its advantages which we’ll explore another day.

My preferred option is to embark on your own product creation.  This is much more lucrative and will see you reaching your first $1000 and beyond, much faster.

I’m amazed at how many of you have an incredible amount of expertise, knowledge and experience and are still selling your services by the hour.

The problem with this is that your income will always have a sealing.  You can only earn money in relation to the time you are prepared to be spending on client work.  One option is to engage a team or staff to support you. This adds even more to your management load, and is likely to give you only slightly bigger profits.

A much easier option is to spend a short burst of your time in product creation mode.  Here’s why…..

Product Creation Will Multiply Yourself

Taking the knowledge that is spinning around in your head and turning it into your own products will mean you can reach a wider audience and help more people.  While you’re working on an hourly basis, there is only a limit as to how many people you can speak with or work with each week. Now imagine how much a greater impact you could have if your knowledge and expertise were more widely available online?

Product Creation Provides Passive Income

Once you spend a small amount of time to create your product and sales system (and yes, it can be done in a SMALL amount of time), you can then sell this over and over and over again.  Just one sale per week of a $297 product, will give you more than $15,000 additional income!  And the numbers can get even bigger than that…..

Create Product and Your Credibility Soars

Simply by having taken the time to collect and showcase your knowledge will mean  people are attracted to you as a higher authority in your field.  Without even declaring yourself as an expert, people will start to see you as one.

You will find more opportunities coming to you from partnerships, joint ventures and the media.  Once this shift starts to take place it will have an incredible impact on your mindset and you will start to realise “I really DO know what I’m talking about!”

Products Allow You to Offer Massive Value

Some people get concerned with how much information they should give out. My view is you can offer massive value in the products you create.  Higher priced services then become ones that involve your time one-on-one.

Don’t be afraid to include your best stuff.  Even if I’m creating a low priced product, I like to include everything I can so people get the result they are looking for.  The value you give out will always be returned to you tenfold.

Add product creation to an effective strategy to drive traffic to your site and you have the formula that will take your business from ordinary to extraordinary in no time at all.  You will have broken through one of the biggest barriers between you and your first internet dollar.

It’s such an exciting feeling to wake up one morning, check your account to see your first sales.  Start thinking now what information you have that would make a great product… and you will be on your way to your first $1000 online.

If you want to share your idea or get feedback on a product idea, pop on over to my Facebook page to share and I’ll give you my thoughts or…

QUESTIONS? COMMENTS?
GET INVOLVED BELOW!

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