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How To Start A Profitable Online Business

Published February 18, 2019 in Guides - 0 Comments
learn how to start an online business (step by step)

This is a long and thorough guide on how to start an online business from A to Z, catered specifically to internet marketers interested in affiliate marketing, network marketing, and even enterprise-level digital marketing.

Because this is quite a long guide (over 6,000 words), I have created jump links for you below for easier navigation if you would prefer to skip farther down the page to the topic of your choice.

Once you click on a jump link, simply click on the back button in your browser to return to the top of the page.

Finally, if you have not signed up for the members portion of Earning Ability yet, please do so here if making actual money online is something that interests you.

Here are the contents of this guide:


Chapter 1: The Essential Elements of a Profitable Online Business

handshake through a computer

The simple truth is that making money online is not complicated.

The internet is the great equalizer — anyone can make money online regardless of age, education, income or sex.

All you need is the right process to follow, and if you follow the process the results are guaranteed.

Here’s the good news: you have a huge advantage I never did in the form of information and guidance.

I had to spend years figuring out what works and thousands of dollars to figure out what didn’t work. If you’ve been in this same situation, know that it’s not your fault there’s a lot of bad advice out there.

The fastest path to cash is not “figuring out” everything yourself but rather learning from others who have “been there done that” to get your business off the ground in the quickest way possible.

My way of paying it forward is to share all my knowledge and experience from my multi-million dollar business with you.

So you don’t have to go through the learning curve like I did. Instead, just plug and play into a proven system that works.

Even if you’re a total newbie, I can show you a system that will work for you because it’s based on results, not hype.

The Power of Leverage

Ever wondered why a McDonald’s franchise is worth so much? Because of the power of leverage.

If you purchase a McDonald’s franchise, you get to leverage their billion dollar brand, their advertising campaigns, their products and their funnels that sell.

In short, you get a guaranteed system that’s proven to work. Earning Ability works the same way: it’s a proven system that guarantees results.

You get to skip all the years of grueling frustration I had and simply follow the plan that’s taken my business to over 7 figures using the most lucrative business model in any industry.


Chapter 1.1: Why Top Tier Is the Best Business Model

high ticket affiliate marketing

Top tier is basically a fancy term for a system selling “high ticket” products or services.

In a traditional, non-top tier system (selling at a low price point), think about how many sales you would need to make to earn $5,000 a month. Let’s break it down.

Traditional (non-top tier) model:

  • $4 item: 1,250 sales
  • $7 item: 714 sales
  • $47 item: 106 sales

See the pattern?

Now let’s look at top tier (high ticket items):

  • $1,000 item: 5 sales
  • $3,000 item: 2 sales (+ $1,000 profit)
  • $5,000 item: 1 sale
  • $9,000 item: 1 sale (+ $4,000 profit)

As you’ve seen, top tier is the way to go because of higher profit margins with less work and it gets even better when you follow a digital top tier strategy.

The Ultimate Profit Model

Combine top tier with the internet and you have the most lucrative business model on the planet because of:

  • High profit margins
  • No inventory
  • No employees
  • No shipping
  • No insurance
  • No liabilities

The economics of business today requires top tier, high ticket products and services thanks to rising advertising costs and low margins on low ticket items.

So the question then becomes, how can I build the most successful top tier online business? Using these 5 principles below will get you there and in the next lessons we’ll cover them in depth!

5 Essential Elements in Any Successful Online Business

  1. Traffic
  2. Funnel
  3. Filter
  4. Follow-up
  5. Tiered Products

Get these five elements (and learn how to leverage them) in the Earning Ability members area.


Chapter 2: Why Understanding Economics is Crucial to Achieving Profitability

economics

Let me ask you a simple question. What is a business?

Think hard about it. At the end of the day, what does a business consist of, and what does it do?

Here’s the answer: A business is a repeatable process that turns a profit.

If you think about any business, from a doctor’s office to an ice cream store to an internet marketing business, this principle of economics is at the core.

Without this missing ingredient you have a recipe for disaster. You have a business that will very likely lose you money.

Most people find a product that they can sell into a hot market and they start driving traffic to the offer that sells that product in order to get sales. The problem is, they’ve got it completely backwards.

What must be considered first can be found by examining what we call the Tactical Triangle by Perry Marshall and Jack Borne.

Basically, it says that in order to sell something you have to get traffic (T) which is just eyeballs in front of your offer (people).

You have to then convert (C) that traffic, which is when the potential customers reach into their wallet, pull out their credit card, and spend some money with you.

Finally, you have to make sure that the economics (E) work and you make a profit on what you sell.

That’s how good online businesses scale. They’re able to be profitable on sales from the beginning and then take those profits and re-invest them back into more traffic which feeds itself.

The 4th Ingredient

The letter E stands for economics which is the 4th ingredient. Economics means that you have to make a profit on what you sell. You have to be making profitable sales.

That’s taking into account the cost involved in generating these leads or in advertising, which is the reason why you’re really in business, right?

To make a profit.

Once you’re making a profit, then you get to go and reinvest that profit back into getting more traffic, converting more traffic, making even more profit and scaling your business.

That’s how good online businesses scale. They’re able to be profitable on sales from the beginning and then take those profits, and re-invest them back into more traffic which feeds itself.


Chapter 2.1: How to Start with the End in Mind

begin with the end in mind

This business as you’re soon going to see, requires a bit of backwards thinking. Reversing the process and keeping the main goal of you making a profit in the forefront of your mind.

If the economics don’t work, then we have to start all over again. What we must do is what Stephen Covey so famously said and what Perry Marshall learned early in his career: “Start with the end in mind.”

We don’t look at the traffic first. We start with economics because that’s the reason why we’re in business in the first place.

You’ve got to start with the economics or the business model first. Once you’ve got that in place, then you focus on getting targeted traffic.

80/20 Principle

Now you might have noticed the 80/20 in the middle of the Tactical Triangle which stands for Pareto’s principle. We’re talking about getting 80% of the results from 20% of the effort.

It’s all about leverage.

It’s one of the most important elements in business to understand. You can apply the 80/20 principle in each of the categories: traffic, conversions, and economics.

You put less in (like spending money on advertising) but you get more out. Focus on the right things and you get 80% of the results. That’s the ultimate leverage in life and business.

Make Every Transaction More Valuable

There are customers out there that if you provide them with enough value, they will spend a lot of money with you. Very likely a lot more than you imagine right now.

You must capitalize on their willingness and desire to spend more money with you to get what they want.


Chapter 2.2: How to Scale Up

how to scale

Top tier premium pricing allows you to make more money per customer so you need fewer customers to be making a profit.

Once you’re making a profit, you then reinvest that profit back into getting more traffic, more customers, which pays you more traffic and goes around in a circle.

That’s how you scale up. That’s how you go from making nothing to potentially making millions of dollars per year. If you do it right.

It’s the Same Amount of Work

Now many people think it’s harder to sell a $9k product than a $1k product, but that’s not necessarily the case…

Let’s take a look:

Front-end Profits

  • Spend: $15
  • Sell: $10
  • Profit: -$5

Back-end Profits: $0

If you’re selling a product for ten dollars and you spend fifteen dollars to get that customer, you’ve now got a sale. But you’re losing money without making any profits.

The only way that that will work is if you have a proven funnel and system in place that provides you profits on the backend that allows you to take a loss on the front end. Now 98% of businesses don’t have that.

Now let’s take a look at a second scenario:

Front-end Profits

  • Spend: $15
  • Sell: $10
  • Profit: -$5

Back-end Profits

  • Spend: $1,000
  • Sell: $5,000
  • Profit: +$4,000

If you’re making five thousand dollars and you spend even up to a thousand dollars to acquire that five thousand dollar customer, you’re still four thousand dollars in profit.

Now, I don’t know about you, but I would happily spend one thousand dollars to make four thousand dollars every hour of every day of the week.

As long as I knew that every time I spent the four grand, I was getting five grand back. I would happily do that.


Chapter 2.3: Why You Need a Top Tier Model to Get There

the big ticket item

I hope you’re seeing the difference, that top tier is what sets the professionals apart from the rest of the people out there struggling to make any money at all.

That is the one major difference. The beauty of it is that it doesn’t require any extra work or effort on your part if you have someone else handling the back end.

That’s why we highly recommend that you get started right away with a high ticket top tier offer.

Don’t work your way up to it. Start from the very beginning having your own top tier offer in place so you’re able to get much more money for each customer that you bring into your business.

Funding Your Top Tier Business

Now the flip side of ensuring your business economics in order to make a profit, is making sure you have the capital to start and fund your business.

Here are 11 ways to fund your top tier business:

  1. Start part time
  2. Start the business from home
  3. Get a part time job
  4. Use a credit card or apply for more than one
  5. Apply for a business loan or line of credit
  6. Apply for financing or credit line
  7. Apply for a home equity line of credit
  8. Apply for a micro loan
  9. Tap into your savings, investments or 401k
  10. Sell something you own like a car or real estate
  11. Borrow from family and friends


Chapter 3: How Entrepreneurs Develop a Different Mindset

mindset

Growing up, most of us weren’t taught that being an entrepreneur is a choice or at least it wasn’t encouraged.

Most of us were taught to go to school and get a job not how to be or do what we really want to be or do.

It’s up to us to learn how to shift from an employee mentality to one of controlling our own destiny as an entrepreneur who takes full responsibility.

While you may not know it, we’ve been conditioned with limiting beliefs from a very young age. Let me prove it to you by asking you this: if you want to become a lawyer what would you need to do?

To enter into any of these fields we know what we need to do: go and get additional schooling.

We have to go and get a degree in the field to obtain the credentials that would then qualify us to get a job in any of these categories…

But what would you need to become a millionaire or an entrepreneur? We’re not really taught that in any school or university. We’re not taught the business mindset and that’s what we’ll explore here.

What would you need to become a millionaire? How do you become an entrepreneur? We’re not really taught that in any school or university. We’re not taught the business mindset.

The Power of Mindset

I’ve been doing this for a number of years now, actually about five.

We’ve had thousands of people go to our live seminars and what’s always interesting to me is, I get to see two people who get started in the industry with very similar circumstances who end up totally different.

One of them goes on to not do very well and the other goes on to do seven figures. Now what is that and how is that possible?

Well it all begins up here, with your mindset.

You see when you start this business you need to start thinking like a business owner. You can’t think like an employee anymore otherwise you’re not going to make it.

Personal development is tied to financial development and you can take your mind and your business to the next level just by the way that you think.

Employee vs. Business Owner

In Robert Kiyosaki’s book The Cashflow Quadrant, he talks about four types of people that make up the world of business.

(E) stands for Employee, (S) stands for Self-employed, (B) stands for Business owner and (I) stands for Investor.

Most of the money is made on the B and I side (business owner and investor) where 90 percent of the wealth comes from.

If you look at those in the B and I side, they’ve mastered systems and they have mastered leveraging their time.

Now anyone can become part of the wealthy and on that right side but there’s a limitation wall. That limitation wall is usually the way that you presently think or your mindset.

Your mindset determines what side you are on.


Chapter 3.1: Top 9 Lessons From Successful People

I'm convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance. - Steve Jobs

When I began interviewing business leaders and started surrounding myself with successful people, I didn’t realize the impact it would have on me.

Getting the opportunity to talk to dozens of successful, inspiring individuals has been nothing short of incredible.

Through our conversations, I got VIP access to learn their best secrets and advice, what motivated them, and what helped them to get where they are today.

Here are nine of their best success lessons (so far!)

1. You Are the Sum of the 5 People You Spend the Most Time With

My mom always used say, “Tell me who your friends are and I’ll tell you who you are.” And she was right
on — because millionaires surround themselves with other millionaires.

If we really are the sum of the people we surround ourselves with, it’s so important to surround yourself with the right ones.

2. Money Itself Won’t Make You Happy

But money can buy you the freedom to do the things that can make you happy. True happiness comes from filling your time and your days with meaningful pursuits that you’re passionate about.

I’ve met rich people who are incredibly unhappy and poor people in third world countries who are some of the happiest people I’ve ever encountered.

The point is that it’s possible to be happy right now, whether you have $20 or $20 million.

3. It’s Not About the Goal

It’s about becoming the type of person that can accomplish the goal, said by the great Tony Robbins. He probably knows what he’s talking about.

Most millionaires will tell you it’s not so much about making the money; it’s about growing as a person, growing your business to a point where it’s capable of making money.

The journey is far more valuable than the destination.

And once you’ve arrived, the question becomes, now what? That’s why it’s so important to enjoy the ride and be grateful for how far you’ve come and what you’ve achieved so far.

4. Get a Mentor

Almost every successful person you ask will tell you they had a mentor at some point along the way.

Find someone you admire, look up to — someone who’s where you want to be — and ask them for guidance to help you improve who you are and what you want to become.

With their advice, you’ll learn best practices, you’ll be challenged, you’ll be better prepared to succeed.

5. Like to Learn

Every entrepreneur and successful person I’ve met is a lifelong learner. They understand the importance of constantly improving, constantly growing.

Driven people self-educate through books, audiotapes, online courses, seminars… They’re determined to always learn new skills, to keep developing as a person — to never become stagnant. They never stop.

6. Multiple Income Sources

Two (or three or four) income sources are better than one. Millionaires know how to put their money and resources to work for them.

And almost all of them have at least two more sources of income — investments in financial securities, real estate, angel investing, partnerships.

While multiple sources of income certainly help them increase their wealth, they are laser-focused on one income stream first then diversify once they’ve hit a level of stability.

7. Learn to Love the Gym

Almost every millionaire I’ve interviewed has some sort of rigorous workout routine — weightlifting, marathons and triathlons, running.

There’s a correlation between breaking down barriers in fitness and breaking them down in business. So get working on your fitness — and the rest will seem a little less daunting.

8. Read… A Lot

I’ve yet to meet a millionaire who doesn’t do a lot of reading. And I’m not talking about Harry Potter or Hunger Games.

I’m talking books with real, practical tips — for personal and professional growth, for people who want to constantly improve themselves and their businesses.

Books are a great way to learn from successful people who may have been where you are now and have something valuable to teach you.

It’s like having some of the best business minds of our generation mentor you.

9. Write Down Your Experiences

You don’t have to blog to be a millionaire. But it wouldn’t hurt. A lot of successful people are getting their start from blogging.

It’s a powerful tool because by documenting your journey and inspirations, you go through a sort of self-discovery. If you’re not ready to share everything on a public blog, try keeping handwritten journals.

The introspective writing process reminds you of what you’ve been through and where you want to go. Writing down your goals is an incredible way to make sure they happen.


Chapter 4: Why Franchises Succeed Because of Proven Systems

mcdonald's french fries

When most people start looking to get into a business themselves they imagine grandiose things and think, “Wow, that person must be making a lot of money.”

But the reality is 95% of businesses fail. On the other hand, 85% of franchises succeed. So what’s the difference?

Now for starters, it’s extremely risky to try and start your own business from scratch. Rarely do people ever consider what’s involved in actually starting a business.

That’s why stats show that less than 20% of new businesses make it.

Then out of the percentage of those who do make it, they find that they’ve simply hired themselves into a job that was worse than what they had before.

Without a proven system you’re working in your business and not on it. You’re not growing it and you don’t have time to focus the way you need to.

You’re doing your best to just handle the daily operations. It’s just like a job but with much more risk and responsibility.

The secret then is to find an existing, proven system to leverage their success. All the hard work has already been done for you. You get a turnkey business ready to generate profits.

The Value of a Proven System

Think back to the example of owning a McDonald’s or your own hamburger shop. Which one’s easier?Which one gives you the greatest chance of success?

To try and start your own burger house or to just buy a McDonald’s franchise that’s proven to work and has everything set up to turnkey? It’s an obvious answer.

The winner is McDonald’s, where all the hard work has been done for you and the marketing systems are already set up and proven to work.

Why a Franchise Works

When you invest into a franchise, everything is systematized and scalable. It’s Step 1, do this. Step 2, do that. And so on.

You do it — you take those steps and ideally you’re profitable. You will succeed. It’s already proven to work and other people have already done it.

In addition to the true and tried system, with a franchise you’re getting tailored mentoring and consistent support all the way from the top.

If you run into a similar problem like maybe a marketing method isn’t working well for you or you’re not sure of the best way to go and do something, there are people above you who you can call for support.

The odds are they will know exactly what you will need to do to get the result. You’ll be able to get customized help from someone who’s running the exact same model that you are.

You can be confident that they’ll be giving you good mentoring and they will help you reach the next level.

Think of it this way: banks would not lend money to someone who doesn’t have a system. Why? Because it’s far too risky and the statistics of succeeding are against that person.

They will happily lend money for a proven system, a franchise, most of the time all day long. Why should you be any different? Learn the difference between just a product and a proven system.


Chapter 4.1: What to Look for in a Franchise

franchise

1. Successful Track Record

Look for systems that have a successful track record and where the economics work out. For example: a top tier business model. The economics work out with that business.

2. Training and Support

You want to be a part of something where you’re going to get consistent training and help to ensure your success.

3. Top Mentors & Coaches

Find the top mentors and coaches in your industry and learn from them and model them. You want to be learning from industry leaders, not advisers or “theory” gurus without experience.

Don’t pay attention to anyone who gives you advice on an online business who’s never actually done it successfully themselves.

If you have people in your life who’d like to offer their opinion and their advice and they’ve never actually done this, stop listening to them.

Franchises Are Expensive

Now, talking about franchises usually there’s a cost. There’s definitely an investment and it can often be
expensive.

If you do a little bit of research, you’ll see just how much they really are. Just go to Google and type in “typical cost of a franchise.”

Most franchises are a good investment because you’re getting a proven business model. There is a proven systems, there’s training and the economics work out.

But Not Digital “Franchises”

Thanks to the internet and the rapid growth in the digital information sector (where people are actually paying for information courses more and more these days), the cost of getting into a proven franchise-type business model can be greatly reduced.

More and more people are consuming information on their iPads, iPhones and tablets. We truly live in a digital information and internet-based world. Internet-based businesses are the future.

The good thing about Earning Ability is that you’re set to capitalize on this trend and leverage this opportunity with little risk because the cost to entry is free with massive upside.

You get the best of both worlds.


Chapter 5: Why Network Marketing Beats Owning a Franchise

network marketing

What’s even more lucrative than a franchise model? It’s the model where you don’t have to worry about production, distribution or fulfillment costs.

It’s the only model that lets you compete against big companies like McDonald’s, Visa, and Nike using your very own specialized knowledge in the most profitable online marketing niche.

Under a normal retail situation, big companies can get by on less profit per sale because they’re buying in bulk they can get their products manufactured much cheaper.

This is bad for the little guy or the new company trying to gain market share. With this model operating under very small profit margins, you simply can’t compete with the bigger players in that niche.

Where you can compete is with opportunity based products using a different formula in the information marketing space. The online space is the biggest, most profitable opportunity for entrepreneurs today.


Chapter 5.1: 5 Factors for Developing a Profitable Pricing Model

pricing model

The formula for pricing opportunity-based products is quite different and it’s often based on the end result and potential of the opportunity plus the buyers desire to achieve that result.

You do have to factor in fulfillment, cost to produce and maintain etc. that’s usually far, far less in the opportunity-based sector and especially in the online arena.

In other words we have an immediate advantage in selling online.

Where a physical book might cost you $7 apiece to have printed and shipped, creating a digital book which can be read electronically from someone’s computer, phone or tablet literally can cost $0 in fulfillment.

With online and opportunity products, you’re able to diversify and spread your cost through a broader range to get a much higher profit potential in the process.

That’s what’s so exciting about this business and that’s why I’m in it and that’s why a lot of people are in it. There’s so much opportunity. You can sell seminars, live web events, webinars, etc.

In the online space, people will gladly pay you for what you know or what you’ve created that will add value to their lives or solve a problem that they’re facing.

This is often niched down and specialized information unique to you.

Walmart and the big box stores can’t compete with you here, they can’t do that. You’re not buying a product per se, you’re buying knowledge, investing into what the person knows.

Hence the term information marketing.

1. Solve a Problem People Care About

We also have to consider if people actually want your service. Besides actual need, emotions are involved in the decision making process.

If you can solve a problem that many people have you might be on to something very lucrative but just because you see an opportunity that looks untapped don’t automatically think that it’s going to be profitable.

2. Go Where the People Are

It’s a common myth that competitive markets should be untouched and you’ll be better off finding a non-competitive small market. That’s bad, bad advice.

Just think about that for a second. Why are those markets competitive in the first place? It’s because they’re selling what people want and people are actually making money selling to the customers.

You go to where the people are, plain and simple.

When you see competition, great. That’s why the big three — health, relationships, and making money — are what you want to stick with if you’re going to market online.

3. Niche Down

Look for different ways to break into the big three by niching down. Instead of looking for tiny markets that no one cares about, you look for different ways to break into the big three.

Oneway to do this is either by leveraging the bigger players or by niching down within the big three. Specialization is key.

Let’s niche down weight loss:

  • Weight loss for brides
  • Kettlebell workouts for women
  • Lose weight fast after pregnancy

Let’s just do this as an example. “Weight loss” is very broad. What about “weight loss for women”? That’s still fairly broad.

“Weight loss for brides” — now we’re getting a lot more specific.

“Kettlebell workouts for women” — again, more specific.

“Lose weight fast after pregnancy” — again, we niche down by making focusing on something very specific.

This way you’re still within the big three, but you’re specializing and targeting less competitive markets.

4. Speak the Right Language

Every market has its own language you need to learn it! Plumbers, brides, make money online, body builders, golfers — all of them they all have their own language.

If you’re going to sell to them you need to speak that language. You have to talk to your market in the way that they already speak to each other or they speak about their problem or desire.

5. Create Desire

Retail can also sell to desire as we talked about when we were talking about the Hyundai and Mercedes example earlier on.

Companies like Apple computers, BMW, Mercedes Benz, Starbucks, and Harley Davidson motorcycles, all have designed their businesses and created a real desire for consumers to buy their products.

These companies are few and far between but the companies that are desired the most, profit the most.

Think to yourself, what do people desire? Not just need but also want? What are their emotions pulling them towards?

If you’re interested in creating a product in the retail realm and trying to compete with the big boys, then you had better create a brand with a strong desire built into it to differentiate you and charge more.


Chapter 5.2: Why Opportunity Products Are Where the Money Is

opportunity

The best type of opportunity product is one with minimal production cost, and little to no carrying cost or inventory.

Online is the perfect vehicle for us to run with this dream. Low costs, passionate markets, and high profits.

Think about why people usually go searching for things online. They have a need and a desire that they want to be fulfilled.

When it comes to deep-seated insecurities, or things that we like to keep private people prefer the anonymous nature of the internet. That’s why they go online and that’s their first place to search.

Sales Funnel Profitability

With your sales funnel, you’re going to have a feeder product. This is common in all areas of marketing, even traditional offline marketing.

Your feeder product is one that attracts customers who might be interested in other products you have which are more profitable to sell.

Then you have a funded proposal. This is where products are sold in a sales funnel to help fund the marketing and the advertising expense that’s necessary to get new customers.

A funded proposal is generally not profitable unless it’s paired with a primary offer. Oftentimes, these might even be a loss leader. You actually lose money on that first sale just to get a customer.

Your primary offer, that’s the main product that you’re selling. Other products in your funnel are either feeder products, funded proposal products or both at the same time.

These other products serve to fund your advertising or attract customers to your primary offer or a combination of both.

Earning Ability serves four primary functions for your business:

  • Training
  • Support
  • Community
  • Infrastructure

We have products that will serve as your feeder product to actually go and find customers who might be interested in your primary, top tier offering.

Then that funds your proposal. A funded proposal by automating the sale of other products to your leads to help monetize your list.

If you were to go and build all of this from scratch, it would cost hundreds of thousands of dollars and possible hundreds of thousands of hours of your time to try and make it like we have set it up.

That’s what it’s cost us.

Earning Ability already contains everything that you need and teaches you how to use it.

Profit Maximizers

Then you’re going to have service upgrades, accessories etc that got you in the door for free and possibly taken a little loss to do so because the back end is going to actually bring in profits and overall it’s going to bring in many, many millions of dollars a month in profits.


Chapter 5.3: Why Top Tier is the “X” Factor

the x factor

Trying to make money selling low end products like vitamins, cheap information products, juicers, and just about everything else you can imagine, it doesn’t leave you any room for real profits.

That’s why many of these companies ask that you contact everyone you know or you teach some free traffic method.

They know that you have no room or profit potential to actively grow your business by using real and scalable paid traffic methods.

Some smart person finally figured out that if you created a more expensive product line for your representatives to market, then larger commissions could be paid and reps might actually make some decent money.

With top tier you’ll have direct access to much more expensive products that will be sold through our proven marketing systems.

These products are priced more along the lines of a small franchise opportunity.

Which means much higher commissions and profits paid to you all with less effort than the traditional methods that are out there.

Have Everything in Place

Between the marketing system, training, resources, and guidance that you receive as part of Earning Ability, literally everything is in place to ensure you have the five required components of a successful online business.

That’s traffic, funnel, filter, follow up, and product mix.

We provide you with traffic training, sales funnels that work, filter prospects, follow up that’s all done for you and products to sell and more.

Earning Ability is perfectly positioned as top tier to make you the fastest and largest profits online.


Chapter 6: How Licensing Positions Your Business for Instant Success

startup

Licensing products is sure fire way to make your business take off.

You don’t have to create your own products, vendors handle fulfillment, you can cherry pick what you sell, and you can make an attractive profit.

With licensing you purchase the rights to a product or brand then turn around and sell it for a profit.

Think of it this way. Imagine that you walk into an online flea market. You have different product creators, or owners of different products, and they have all put in the time to create their own product.

You walk up to each store. You get to pick up each product, look at it, find out whether it’s selling, find out if it’s a good product that you would actually feel comfortable about promoting, and then once you’ve done that, you can cherry pick which one you want to promote.

That’s licensing in a nutshell — you get to pick the products with the most reward.

Option #1: Create Your Own Products

One of the biggest costs people don’t realize in doing this is time. There’s a lot of time and effort that needs to go into creating your business.

It’s very difficult work to not only create a product, but handling all the sales funnel creation, the customer support, and fulfillment. Trying to do all of that leaves a lot of people tired and frustrated.

You might recall my story and the mental anguish that I went through while I was in the process of developing my own online business.

My first 2 years, I wasn’t making much at all. I would stay in my room and I would beat my computer for literally 10-12 hours a day.

Nothing really worked. I was sleep deprived and my head was swimming with all the things I had to do.

It’s probably not exactly where you would want to be or why you got into building an online business in the first place.

Option #2: Licensing Products

You don’t actually have to put in the work to create the product. When you license a product, you are simply purchasing the right to sell that product as your own.

You don’t have to rack your brains trying to come up with all the content, the design, building the sales funnels, or any of that.

When you license someone else’s product, you’re leaving everything up to the expert, the content expert.

They go and create the product that the market is hungry for because they understand what their market is actually looking for.

That’s a huge burden off of your shoulders, because you don’t have to go and spend years doing all the research and learning all the content.

In terms of selling, you can take all the stress and guesswork out of it and let the pros handle it all for you. Make it easy and let them close the deals — just provide the traffic.

The other good part about licensing is you get to cherry pick what you want to sell. You get to pick the products you feel comfortable about promoting, and selling.

Bigger Commissions

At this point, you should have some basic understanding of what affiliate marketing is.

Affiliate marketing is when you’re promoting someone else’s product. Usually you’re getting up to maybe 50% commissions.

You’re getting maybe half the money. You go and spend all the money and time to get the customer, you’re driving the traffic, and you get up to half.

With licensing, you can get much bigger margins. 90%, sometimes even more than that. You keep most of the money that you bring in.


Chapter 6.1: How to Start Licensing Products

licensing

Option #1: Do It Yourself

You go out and you find a different product to license, you talk to the product owner, and ultimately you license their product. That could be from a $5,000 fee, it could be a $10,000 fee, or upwards.

You might be able to get a better deal than that if you really negotiate, and also if the product is from someone who’s less well known. Usually that’s about where it’s going to start.

Option #2: Done-for-Your Licensing

I also want to tell you about a second option that will save you a lot of trouble.

If you don’t want to have to go and find your own products to license and dealing with paying a $5,000 or $10,000 fee or more to license their product, there’s an easier way.

What you can actually do is license Earning Ability‘s best selling products. We license our products at up to 90% commissions.

In other words, you get to use some of our best selling products, and every time you get a sale, you’re getting up to 90% commissions.

Our team will give you everything you need to create a 6 figure business including: marketing, branding, sales tools, business resources, training, online community, etc.

Passive Income

As an Earning Ability member, you also get the ability to earn a residual income.

Every time you have a customer come into Earning Ability, there are numerous products they can purchase, which has a compounding effect in the form of multiple commissions.

As long as they’re still paying for the products in the site, you’re getting a residual commission.

What You Can Expect

The whole point of this business is for you to be able to leverage it so you’ll be able to live your ideal lifestyle. That’s why you’re here, and that’s what our company’s really for.

You can wake up whenever you want, work from home, Starbucks, wherever you want, and also travel the world and be able to work from your laptop. That’s the whole point of what we’re trying to do here.

You will own a very powerful and unique system that does all this for you. All you need to do is generate leads and the system will take over from there. You’ll be the one earning all the great commissions.

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