I Need to Make Money Fast – Part 1 – Who hasn’t awakened in the middle of the night with the chilling realization that “I need to make money fast.” This is getting more and more common as so many people struggle to make ends meet in these uncertain times.
Not only does this happen with brand new online marketers who have not yet positioned themselves to experience profits, but it also happens to some of the best marketers with successful online businesses.
Money stress is one of the most common and anxiety-inducing issues that anyone can experience.
It’s not your fault that you are in this situation. You don’t deserve to be in this predicament, but it can happen to anyone. You suddenly find yourself in urgent need of a quick influx of cash – whether it’s a few hundred dollars or a couple of thousand.
While slow growth business models have their place in establishing your brand and niche leadership, there are times when you need to make money fast.
That’s why I put together a moneymaking blueprint including some fast hacks, tailored for two groups of online entrepreneurs:
• those who are just starting without an audience, and
• those who may have a list and products but are currently facing a dried-up income.
In the following guide, you’ll discover practical strategies to help you navigate through these challenging times and secure the financial boost you need.
Let’s turn the tide and get your cash flow back on track!
Section 1: Fast Cash for New Marketers
The economy today has made it so that many people are having to try to get a second job in order to make ends meet. Some can’t find any work at all and have turned to online careers to try to achieve their financial goals and needs.
Even if you don’t have an audience or subscribers yet, there are a few things you can do as a brand new online entrepreneur to earn money quickly. Below, I am going to show you five methods with the details you need to get some money coming in quickly.
Choose the one that you feel most comfortable doing based on your skills and knowledge. This is not the time to worry about perfection, but instead do your very best and put yourself out there to start your earnings immediately.
Create and Launch a PLR Funnel with Affiliate Incentives
One of the quickest ways to earn money is to create something that busy marketers can use immediately to save themselves time and money. When you are considering your options for making money fast, think about creating and launching some private label rights (PLR).
If you have the ability to write, create videos, create graphics, or even record audios, you can put together a PLR package that will sell. Consider some of the biggest sellers in terms of topics, such as marketing, health, weight loss, survival, personal development, etc.
You can put together a PLR package that is unique and well written that customers will be hungry for to use in their business that very day.
Be Sure to Get Your Own Domain Name and Hosting Account
As long as you have your own domain name and hosting account, which should cost no more than $5 total per month, you can create a sales page and list it on a site like Warrior Plus where many different affiliates can find it, as well as customers who shop directly from the marketplace.
I personally use Bluehost, and have for years. They are reasonably priced, have a great reputation and have been in business for many years. Bluehost offers great 24/7 support which is particularly helpful when you are starting out.
The key to success with PLR is to pack a lot of value into your launch. You can use dictation tools and get approximately three times as much content created as you would typing, even if you are a quick typist.
You might be able to get a PLR bundle ready that very day, or within a week have a complete funnel with a front end, smaller bundle that is priced as a no brainer to convert, with an additional one or two upgrade offers as well.
If you really want to earn more, create a smaller front end pack of approximately 14 pages for $7 and offer affiliates 100% commission, but make sure you have a couple of upgrades where you only offer 50% commission, but with more content at a higher price point.
Affiliates love to find deals that give them 100% on the front end. They also love it when the price point is low enough that it ensures most of their list will convert on that initial purchase, because then it puts their customer into the funnel and gives them the opportunity to earn more on the upsells.
Incentives Plus…
In addition to the incentive of 100% on the front end, you can also create some special perks for top affiliates that you want to recruit. This may include an exclusive 5 page bonus or graphics pack that you give the very best affiliates to use for their customers.
Or, it might include a cross promotion if you know that individual is worthy of you promoting to the list that you will be building through your product launch. It can also include a banner ad below the download links on your thank you page.
If your goal is to earn quick cash, you will need to personally recruit affiliates and give them everything they need such as the bonus, and the swipe files for their promo immediately.
Make sure you give them a review copy up front. If you are new to the industry and not very well known, you have to go above and beyond to get them onboard, but with the right affiliates, you can earn thousands of dollars within days.
Create a Readymade Full Content Bundle for a Single Owner
Another option, if you are the kind of person who can churn out content very quickly, is to create a ready made full content bundle that you offer to sell to just one person.
Instead of having to hire a ghostwriter and wait for the project to be completed, this content will be just as exclusive, yet ready to use.
This works perfect if you are currently networking with fellow marketers, or you can be friend of them on social media and announce the sale of the bundle to people you know who would be interested.
For this purpose, it makes it more enticing if you can provide a complete bundle that they can use in all areas of their business. Go with a niche topic that is in demand, like those listed above.
In order for the content to sell easily, you will want to price it like an affordable ghostwriter, at a price point of approximately $7 to $10 per page, with a page being about 450 words each.
You can create a bundle that includes the following:
• sample of 5 blog posts
• lead magnet report
• 20-page eBook info product
• 5 product reviews
• autoresponders emails
• five social media posts (which can be text, graphics, video, etc.)
So, for those 45 pages, it would cost an established marketer $450 to have a ready made complete package of content that only they would have access to. This is something that works well if you just need a little bit of money immediately, and you don’t want to go through the entire process of a launch and recruitment over the course of several days.
Create a Bite-Sized Mini-Course That’s In-Demand
If you are good at creating courses, such as eBooks or over the shoulder video courses that you record with screen capture software, you can create bite sized, mini courses that will easily convert due to the price point.
You’ll basically be helping people learn a small task, and they will be willing to pay $12-$17 for the lesson. For this type of approach, you don’t want to try to cover something broad and comprehensive, like everything to do with blog success or email marketing.
Instead, you will want to take one aspect of those topics and create a mini course that you can list on a site like JVZoo or Warrior Plus (or even in the old Warrior Forum). So for example, you can teach people how to set up a domain, hosting and WordPress.
Or, you might cover how to write product reviews for your blog. Or how to write emails that convert better. Focus on small, narrow topics so that you can create multiple courses that are low cost, and high value.
If you want to put a funnel together for the quick launch, try to include something like a bundle of templates or content as the first upgrade, followed by a done-for-your service for the second upgrade.
Create a Dirt-Cheap Quick Gig That’s a Time-Saver for Marketers
Services are always in demand for busy online entrepreneurs. They are constantly busy with not one, but often many different business models or niches. They need lots of help, but sometimes hang onto tasks themselves because some freelancers are too expensive or the cheaper ones deliver poor quality.
If you have a talent for ghostwriting, graphics, or administrative work, put together some cheap gigs and list them on Fiverr and on social media. It’s even more effective if you have specific portfolio examples of the quality of your work.
For example, if you can write 10 pages in a day or create an eCover with a one-day turn-around time, create a gig for that so that it’s low-cost enough that marketers will flock to your offer.
You can even have package deals, such as big discounts on bigger eBook ghostwritten packages or an entire suite of graphics such as an eCover, sales page graphics, banner ads and more.
This is the time when undercutting the competition is perfectly acceptable. Normally, the advice would be that as you are building your business, you should maintain a competitive, equal price point.
But when times are tough, it’s okay to give a significant discount on your services to get the income you need to pay your bills or put food on the table. There’s no rule that says it has to be permanent. In this article entitled “I Need to Make Money Fast – Part 1” we are looking into the most practical solutions to this pressing problem.
Present a Strategic Partnership Offer for a Product Launch Where You Do the Work
Lastly, if you are brand new to the industry, but you bring some skills to the table, you might want to research to see who would be a good fit for you to partner with if you were to present them with the opportunity to launch a product with you where you do all of the work and they simply bring the reputation and list.
For example, if you are really quick and good about making one page printables, you could find a marketer who specializes in that topic. Approach them with a ready made bundle of content or a course that teaches something specific that you know about it.
Tell them you are new and would like to partner up so that you can be a co-vendor with them. You can even offer to write the sales copy and the JV page to help recruit affiliates.
Basically, you want everything ready to go and done ahead of time so that when you approach them, all they have to do is say yes. There are many marketers who are just working on other things, and would love the opportunity to partner with someone who did a great job with something simply to earn 50% of the sales based on their reputation, brand, and list.
This is the conclusion of: ‘I Need to Make Money Fast – Part 1’ Be sure to check out Part 2 of this post.
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