Read Part 1 Here >>>
Read Part 2 Here >>>
Wow! This debate about whether it’s possible to create a real live passive income online – defined as enough to live on without having to actually do anything, once set up – has really hit a nerve on both the blog and our private Google Group! Several success stories, many tales of woe.
I’m going to be posting up a selection of comments from the google group later but in the meantime I wanted to let you know that I’ve decided to run two experiments.
1. Taking an internet newbie from zero to hero with one of our products
There’s a new guy just signed up to our Membership Club Magic group – name of Matt. Matt will tell his own story soon, but basically he’s a bright guy, who has just been made redundant, wife, two kids including a brand new baby. He’s been looking for another job and has some potential offers on the table but in the meantime, he’s come across internet marketing and specifically me and our Membership Club Magic product, and for the next two months, he’s able to work on his internet project every week day, for at least 3 hours.
I figure, being ex-Navy, Matt can “follow the bloody instructions” as Frank Kern calls it. He’s got the desire, he’s got the time and hopefully he can focus.
I’ve offered Matt a once a week coaching call, daily focus emails as well as office-hour skype backup coaching & support in return for his giving me a weekly update on how he’s doing, what his challenges are, how he feels about it all and anything else he wants to share.
He’s got a great idea for a specialist niche membership site, with plenty of scope for extra revenue streams above and beyond the membership fees themselves, and it’s got the potential to be licensed nationwide, if not globally, if he can get the business model right.
So, we will follow Matt’s story with interest.
2. Taking an experienced internet marketer (me) and following a step by step system meant for newbies
Tried this recently with the InfoMillionaire system and sorry, Trey and Frank, while your content is great and I’m going to carry on subscribing as I’m learning stuff all the time from you, your system is NOT for newbies to internet marketing. There’s not enough support when you need it – a forum would have been good – and even I kept getting stuck. Also, even though I’ve been using them since 2003, I managed to blow £200 accidentally on Google Adwords when I took my eye off the ball for a couple of days, because one day nothing was happening as my budget was too low, the next day your suggestions kicked in and it went ballistic. £200 over 2 days and no sales from a site that converts at 0.6% normally, so I was doing something wrong and I dont’ know what.
So my next experiment is going to be following a system highly recommended by Martin Avis, who I like, respect and trust. He recommended this step by step product in 2008 and is still recommending it and describes it thusly:
” …..‘My Online Income System’ from a lady by the name of Kimberley Hoffman. I’d never heard of it and don’t normally buy random products ‘to order’ but was sufficiently intrigued by the sales message to stump up for it. What I found was that Kimberley had pretty much created what I was planning to write – a beginners’ guide to making regular money from Clickbank. It is step-by-step, very clearly written and it covers all the important stuff you need to know. I love that lady – she has saved me a whole lot of work! If you are experienced in Internet marketing then this is probably not for you (unless you are experienced in knowledge but are still not making any money). But if you want to learn how you can make a regular income as an affiliate marketer and eventually look forward to sizable checks arriving each week, then this course is highly recommended” Martin Avis
Well, I’m experinced all right, but I’ve never managed to crack Clickbank, either as an affiliate or as a publisher (our Money Gym book is on there) so it sounds perfect.
Actually, it’s funny how the universe throws things at you, as just this week I noticed on our Google Analytics an upsurge in traffic to our Clickbank sales page from one particular Clickbank affiliate, and we have sold one ebook per week from this traffic, so I was thinking I should turn my attention to it sometime soon.
£33 later, I’m now working through Day 1 and I’ll let you know how I get on. It’s very step by step, day by day, so that’s working for me so far.
Hey, I might email Martin Avis and ask him if I can interview him on how he managed to “make it” in passive income online and what he thinks it takes!