The six figure income, the ghost of all ghosts. Riches, millions, seeking the almighty dollar. The goal of so many and yet few attain it. Six figures is five zeros and a number 1-9. Earning a six figure income is a goal that all can share, but getting it is another matter.
Let’s look at a few of the ways known on the internet:
Affiliate Marketing: The short of this is marketing someone else’s product for a percentage of the sale. The products range from books to tractors, maybe even zebras. More companies are utilizing affiliates to sell their products now than ever before. Percentages range from 3% a sale to 50% a sale. Few products offer more than 10 to 15%, on average.
Multilevel Marketing Or Network Marketing: Again you are selling someone else’s product for a share of the profits. The percentages vary as do affiliate marketing. The difference between affiliate and network marketing is you recruit others into your network and train them to go out and sell and recruit.
Your Own Product: Creating your own product depends on what your passion is. As you will notice when you research affiliate marketing products can be how-to-manuals, videos, or audio recording. If you are a writer of fiction, non-fiction, or other topics, creating an ebook may appeal to you.
The limit is set in your mind. If it can be packaged and shipped or downloaded, it can be created.
These are three of the most common ways of making a living on line, the path to a six figure income. How you get there is another story. Your needs, a simplistic list:
- Web hosting
- Web site (blog or shopper’s page)
- An account to collect payments (PayPal or AlertPay, for instance
Marketing basic skills
- A few social networks
- Knowledge of SEO (search engine optimization)
- A Desire to learn and grow.
An effective six figure income earner knows that reading, application, delegation, and other arduous tasks are necessary to develop that income in a steady stream and keep it coming in.
Want to know more? Come back later for the next installment. Or Contact me.