Multiple Revenue Sources and Legal Issues for Information Marketers
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Multiple revenue sources
If you read my regular Insight emails you’ll know that I’m a big fan of creating multiple streams of passive income. My personal goal is to have at least 100 checks coming in each month from a variety of sources.
Just like a mutual fund, it is better to have LOTS of people giving you money than just one or two. This way if one of the sources dried up, you’re not screwed.
My last event in LA I used an example. I asked people in the audience to shout out some of their payments that they have to make each month.
Someone said $450 for the car payment. Another one shouted $150 for the utilities. As you develop your own information products, rather than trying to make a million dollars, try to knock off a regular bill or two with some ongoing revenue.
If you have 100 sites selling 100 different products for $100 a piece and you make one sale a month you’ll be making $10,000 a month. You’ll also be very diversified.
Don’t look to hit home runs. Concentrate on banging out singles. Look to make a $100 or $200 net with each product you sell online. Then when you have the system down: LATHER – RINSE – REPEAT. Just do it over and over again.
NYC event on Saturday
I have an event in NYC on Saturday from 10-2 at the Learning Annex. They charge less than $50 to attend so if you haven’t had a chance to see me ‘live and in person’ this would be a good one to go to.
www.LearningAnnex.com and click on New York and then look for my name. I’m doing an introductory information marketing class. If you can, make it to the class and say hi and let me know you came as a result of this email.
Gmail vs others for email
As a hard core Mac user you’d expect me to promote the email program in the .mac account. You would be wrong. Although I LOVE having a .mac account, it is primarily for two functions, neither of which is email.
The one I love the most is ICHAT. There is NO better video chat program in existence. None. I also like having what is called an Idisk to store my documents. If you have a hard drive that dies you should always be backing up your files ‘offsite.’ This does it for you.
For email I recommend you use GMAIL. It is by far the gold standard for email programs. All other email options aspire to be GMAIL. If you don’t have an account, get one.
I also recommend that you maintain different email accounts for different purposes. I have more than I should but most people should have one personal and one business account as a minimum.
Legal Forms/Issues for Information Marketers
My good friend David Frees is just about finished with a tremendous products I’ve been prodding him to do. You MUST check out:
This site will give you an advanced look at a package that EVERY information marketer will want to have. Take a look, get on the list. You’ll thank me later.
All the Best,
PS – Check out www.InfoProductsSeminar.com for the event in Vegas starting March 23rd