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While the economy might seem a little off topic for this blog, it certainly has relevence to making money online. The economy occurrs in various cycles, and it’s a lot eaiser to make money during certain cycles.  When you hear about a bunch of layoffs, or you can anticipate a series of layoffs and downsizing before they happen, internet businesses will thrive.  Not right away of course, but people that have had jobs for years start to realize that job security is the “old paradigm”.  Whether they were layed off, or their friends were layed off, or family, neighbors, etc, they start to come to this “awakening”. What do many of them do?  They seek jobs online.

A common theme in the internet marketing community is “dont sell the gold, sell the shovels”.  This means that if there’s a hot trend, don’t compete with everyone trying to get the gold, just sell the shovles and get rich anyways.  However, being prepared for the “next gold rush” has everything to do with the economy.  If you can get a little business going offering opportunities o make money online, now is the best time.  But for many it will take awhile, and they might be a little too late to be super competative with the rest of the field.  However, as people start to make money, and eventually the rates get low, and the prices get low enough, people start buying houses.  soon a rush of house buying takes prices up, and some people start to realize what a great opportunity it is to make money with real estate.  So they start looking to buy houses.  A housing boom is good for the economy, then people start building, and companies start growing.  After this happens, more people consume, and oil goes up.  At this point, stocks and the overall market starts to go up.  Eventually people overbuild, buy too much on credit, and oil gets expensive.  There might be different parts of the economy booming between there.  As people overspend and credit catches up to them, eventually you have the fed trying to combat the lack of ability to spend by the consumer, and you have some people get in trouble financially.  The businesses do as well, and then there’s a credit crunch.  From there, businesses cut jobs, and the cycle repeats.

During these phases… Aside from investing your extra cash in silver, gold and oil… whichever is most undervalued during inflationary cycles, and investing in cash producing assets during deflation… You’re also going to want to market towards certain areas based on the cycles.

Right now, MLM businesses, and businesses that teach people how to make money online will generally be pretty successful.  How to save money will be pretty successful.  In the short term future, how to be a real estate broker, how to buy a house, how to fix a house, and how to garden and landscape, and those types of things will be valuable, as many renters will eventually look to buy houses,fix them up, live in them ,etc.  Shortly after people will want to learn how to fix and flip houses, how to invest in real estate, and maybe how to grow their own businesses with more of a focus on “business” then “quick cash” since at this point, rather than looking to bail themselves out otf a jam, they’re looking to build for long term.  From there, it’s a lot more wide open, and dependant upon what sort of new advancements, and what people are doing.  This time you want to learn what the technological trend is, or any other trends.  “How to GROW your business is also a pretty good topic. After that, you should focus on trading, and investing.  When the economy is good people have money to spend on stuff, and they also want to buy physicial goods so you can look for those, but many of them want to really earn that cash and multiply it, and the stock market is usually a pretty common place that they look. Now when all of a sudden thingss get too hot and the market starts to cool down, “how to eliminate debt” and things like that are good for quite a long period of time.  “how to save your business, and “how to make money in a down market through stocks” and that sort of thing. Even on the way down people are still looking for that dream way to make tons of money overnight despite their debt as well, and from then on the cycle starts over.

If you want to take the time to learn about the economic cycle, you might consider reading one of Jim Cramer’s books, and look at his chart on the back.  One other thing to notice is, you have to get ahead of things and anticipate it, BEFORE it gets hot.  The reason is, because you want to establish yourself as aan “expert” in the field BEFORE everyone starts looking for advice, so when they finally do, your competitors that know to “sell shovels” aren’t going to have the supplies to sell as many shovels as you do.

Not only do you personally have to prepare to allocate your funds, to save money, and to grow your wealth so you can put that money into your business, but you have to understand what other people will be doing, before they do it… The economy is actually pretty predictable over the long term, and you don’t need a chrystal ball to predict the future, you just need to know the overall trend that has always occured for the economy.

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Many people fail to really really succeed, because they don’t have the time, the patience, or the cash on hand to be able to truely build and grow their business before they focus on profit.  Even if you have an idea that will make you the “next youtube” or ”the next amazon”, you have to realize that neither were able to turn a profit for years. So it becomes neccesary to have some source of income, while you build your web business, website, or blog.

A WSO or “warrior special offer” is an exclusive deal involving only members of a warrior forum.  You can sell your own product there, for a small fee of only 20 bucks.  It then gets listed in a member forum that thousands view per day, that nearly 100,000 people belong to.  About half of them are active members that post more than once in awhile.    And the other half at least show their face every now and then, or are there just to buy products.  A member estimated that the number of members would be more like 600,000 if the inactive and banned members weren’t deleted… This massive exposure to this giant list of people, will almost certainly lead to at least a few sales.  

If you’ve ever wondered if there’s a way to start internet marketing for very limited costs, or to promote a product without doing advertising, this is probably your best bet.  If you are starting with a limited budget, most other methods will leave you short on cash , as well as short on time, and most other methods require a huge learning curve as well, leaving many overwhelmed as to how to actually build webpages. 

If you buy a hosting account, and start using adsense, you will have to spend a lot of time building new pages, and money on new domain names, and time or money on building traffic, before you even begin to start to make a monthly profit, let alone cover all your expenses. Many people end up being suprized by the costs that they end up paying with all the things they at first don’t think they really “need”, and they end up in trouble.

But with WSO’s, you instantly gain access to groups of buyers who are interested either in making money online, or in buying unique products in a specific niche which they will have rights to modify and sell as their own. Since Traffic is essential to running an online business, much of the work is already done for you, as you get an opportunity to leverage a massive list generated by one of the most successful internet marketers out there (the forum owner “AllanSays”).

But if $20 is too much for you even, there’s still no problem.  Why? because the warrior forum also has a fairly new feature known as the “WO or “Warrior Offer”.  In a Warrior offer, the deal does not have to be exclusive, and you have to have the rights to sell it, but you don’t have to own the product exclusively.  This costs nothing to post, but IF you receive over $30, you will have to pay a 20% commission fee. So One easy way from nothing to something is to create a product, sell it as a WO, and use that money to create a WSO, and use that to launch your internet business.

In addition to the warrior forums, you are able to buy or sell products and services at the sitepoint forums, and at the digital point forums. 

 And the best part is, creating products can be free, or at least very inexpensive.

If you have money and no time, you can head over to rent a coder, and find people that will do what you want, have one person create the product, another person edit it, and another create the graphics, and another to create a sales letter.

Otherwize, you can learn how to use a free software such as PDF 995, you can do some research, type out your entire ebook, edit the fonts to make them look nice and big so everyone can read them without squinting, and print it to a PDF file.

However, my favorite option is to just create an audio file.

The reason audio files are so in demand is that ipod is the most popular item on ebay… okay, so Ipod is no longer the top item, the iphone is… but people can simple use an MP3 file, transfer it onto their ipod, and listen to it when they workout, run, eat, or sleep.  Audio products stand out a lot more, and because of all these bennefits, they’re perceived as more valuable. In addition, audio files make it easier for you to conduct interviews with gurus and record the conversation.  The person you interview gets the brand recognition, (and perhaps some percentage of the profits and/or the right to sell it himself), and you get to leverage his or her knowledge, without having to learn all of the secrets that often takes years to really understand and be able to teach propperly.

If you have a microphone laying around, or if you want to head over to target and pay 40 bucks for one, you can go ahead, but with microphones, interviews don’t work well because you have to actually invite the person over to conduct the interview with, so if you don’t live next door to some award winning expert, it can be kind of difficult to make money on an interview.

However, there’s a solution to all of this.  The solution is a method that is probably the eaisest, and quickest, completely free way to make some money online.  It is a way to use what you already have to generate instant audio products for free. 

Many WSO’s are raking in thousands of dollars.  That doesn’t even include all the personal branding, traffic building, trust development, joint venture deals, membership signups, and backend sales that can result after the deal is done.

I will be revealing how to make completely free WSOs in an audio book that I will charge for. I have pretty much finished up, but I still want to edit it, and do a few things first.  You can expect it out at least within the next month.

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How much would you pay to be willing to pay in order to retire in 2.5 years or less, and not only have more money comming in, than going out, but have $5000 coming in every month?  Obviously it’d be worth every last penny you had, and you could even go into debt, as long as you could safely pay it off, just so you could afford this opportunity.

Now the situation would change if it wasn’t guaranteed, but still gave you a very high chance of coming close, or if it might take longer, but you’d still be willing to pay $1000, wouldn’t you?

No, this is not some guide I want you to buy  for $1000 that teaches you how, in fact, it’s much simlper than that.  This method can be used by anyone.

How’s it work?

Well lets say you have $1200 plus you have your emergency cash on the side, and you understand this is $1200 that you can risk.  I know I said $1000, and it’s pretty much true, but if an extra cost comes up, you’re going to want to be able to afford it without having to dig into the emergency cash. Your emergency cash should be based on current expenses, and although you’re increasing your income, you’re also increasing expenses.  You use that $1000 on buying an already established web business. 

You can do this simply by going to sitepoint.com and clicking on marketplace.  Sitepoint is not the only place.  There’s digital point forums, and there’s a few others. I prefer Sitpoint, but that’s just me.  So you check the “established websites”, and you notice that there’s one website availble for $1000, and it gets $200 of cashflow a month.  If you plan on running this website yourself, I reccomend, actually being interested in the topic and liking it, but if you are willing to outsource everything, you don’t have to like it. If you just know enough to know whether or not someone is making quality informative useful points on it that should be enough.  You will simply be going to elance.com or rentacoder, or whatever freelancing service you prefer.

Now we’re going to assume you need to pay a few bucks to keep the website running.  Lets say from that $200 cashflow that you’ll be getting, you’ll spend $50 of it paying people to keep your website going for you.  That leaves you with $150 bucks.  You also have to pay for $10 in hosting to host all the accounts before you need to upgrade to a better hosting account.  You might get hosting for free when you buy the website, but maybe not.   Now it wouldn’t be unreasonable to assume that if you continue to have someone add content to your site, and you pay for traffic, or build the traffic streams in your free time, or have someone else do it, that the revenue would actually INCREASE.

There might be a few times where it doesn’t go right and the sites revenue falls, but for the most part, you can at the very least make $150 per site.

If you would just let the income come in the first month, and then use that to pay to have someone add content and things like that to your site so you would ONLY invest the initial $1000 into this (plus $10 per hosting for one month),  and only use the cashflwo from here on out to buy, you would have over $5000 per MONTH from these websites coming in every single month at the end of 28 months.  This is calculated based on fractions of months, but in many cases the checks won’t come in until the end of the month… However, you would be able to buy 2 websites in one month at some point, or you could buy websites for OVER $1000 in some months, so it really wouldn’t be too far off.  So you have $5000 a month with 2 month s to spare until 2 and a half years.

 It might not take money to make money.  You may be able to create your own WSO on your own for free.  But it certainly will make you a lot more, if you focus on reinvesting your traffifc to grow it, as well as an reinvest your money to increase the ability to grow.

Here’s what your monthly earnings will look like

Month 1 190 (paid for hosting)

Month 2 140(paid for someone to help run it for you)

Month 3 140

Month4 140

month 5 140

month 6 140

month 7 140 (now use money to buy 2nd site)

Month 8 290 (after paying to have site maintained

Month 9 290

Month 10 290

Month 11 290 (buy new site)

Month 12 440

Month 13 440 (buy new site)

Month 14 590

Month 15 590 (buy new site)

Month 16 740

Month 17 740 (Buy new site)

Month 18 890 (Buy New site)

Month 19 1040( Buy New Site)

Month 20 1190( Buy New Site)

Month 21 1340( Buy New Site)

Month 22 1490( Buy 2 New Sites)

Month 23 1790 (Buy New Site)

Month 24 1940 (Buy 2 New Sites)

Month 25 2240 (Buy 2 New Sites)

Month 26 2540 (Buy 3 New Sites)

Month 27 3440 (Buy 3 New Sites)

Month 28 3890 (Buy 4 New Sites)

Month 29 4490 (Buy 4 more sites)

Month 30 5090 (Buy 5 More sites)

END of 2.5 years 

Month 31 5840

etc

Now what do you think would happen if you continued this for 4 years?  In 4 years, if you can manage to keep this up, you will crack $100,000 a month.  Of course, it will get harder and harder to find $1000 websites, o you’ll be forced to take a look at the more premium websites with a slightly lower return, and/or get a team of people to buy the websites for you, which will cost you more money.  You also will not be able to use any of that money you gain if you want your website to really grow as fast as possible.  The question becomes, how much do I want to make before I start spending.  I also think you should make sure to have more and more available cash aside because if something goes wrong, you might have to deal with missing out on ALL of the incomes sources.  Make sure to back up all of your files as well, a server crash can kill your business.  You would need to spend more time on this, and you would need to continue to buy more and more hosting account as you get more sites, or at least pay $30 a month for one of those superlarge reseller hosting accounts.

As you can see, it’s really not that difficult, and  being able to actually own a cash producing asset that you can reinvest, will lead to a much more valuable return than any stock.  Is it likely that you’ll see a 500% return in a stock in 2.5 years? Probably not, and if you do, once you sell it, the money stops coming in.   Tour return is limited. Not only that, but if there’s inflation, you will generally take in MORE cash to adjust for it.  While saving has your cash going down, and investment cashes in for dollars that aren’t worth as much as they were before you started, cash producing assets produce more cash. In addition, when cash assets produce more cash, they’re worth more money to the buyer.  So if you can buy something for $1000 that brings in $200 a month, and you can increase the monthly income to $400, what do you think someone would be willing to pay for it?  Twice as much cashflow, is at least twice the amount of value.

Now if you’re smart, you’ll track your income, and you’ll learn which sites have more potential.  The lowest profit sites you can work on to increase the income for a few months, then you can sell it. Then you can use the cash to either replace it with another one, or to increase the advertising and value of another website.

Don’t have $1000?  You can easily start with a $250 website that rakes in $50 a month.   Of course, you won’t make much money on it, especially if you have to use all $50 to automate, but you can at least have the price of the website gain in value so you could sell it later if you want, and you have the potential to make the revenue go up as well.  Websites are like fine wines, they become worth MORE as they age.  People like the domain names better, and there becomes more demand for certain domain names.  They usually naturally gain backlinks as well, making them more valuable.

I’m not saying jump in right away,  I’m saying understand it’s a possibility, use it to dream big dreams, and motivate yourself to learn what you need to.  When you are completely ready, and have everything ready, and have the finances the right way, go ahead and give it a shot, and let me know how it goes… I love success stories

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