Everyone wants to buy money making machine software which will bring in cash day in, day out, without them doing any work! But how realistic is this, really? There is software which can be used in making money, virtually on ‘autopilot’, (see autopilot money making system). But, what’s involved in this process, how much work is needed and what’s it going to cost?
Money Making Machine Software – Automation
Around 10 years ago, I bought an ‘ebook’ from eBay which taught a strategy for making money from the giant auction site. It struck me that this was the best strategy for making money online; an automated sale, a digital product and a global audience. The book itself was irrelevant! You can see the strategy this book taught in my article How To Start A Profitable Ebay Business. But, the point of the story is the book itself led me to learn about a much better online marketing strategy which anyone can use.
Money Making Machine – Where To Start?
To build a money making machine all you need is: the right products, the internet, a ready made sales funnel, and a powerful marketing engine.
Using the affiliate marketing model, anyone can earn an income by selling other people’s products and services online. Why sell other people’s products and not your own? Because it’s very difficult building your own digital products which sell globally and have a global appeal. These products already exist and are already selling; why complicate things?
Initially, I tried to sell my own products from the internet. This is very difficult. It’s much better to use existing products which have proved themselves already.
The Right Products
Affiliate marketing lets you choose products and services available on the internet, promote them and earn commissions from the sale. But which products? There’s literally millions to choose from!
Digital products pay the largest commissions (30-50%) and also offer the ability to sell them immediately over the internet. You can access digital products straight away with no postage and no storage issues. That’s partly why they pay their affiliates larger commissions – they can afford to since affiliates are making the sales for them.
Subscription Affiliate Programs offer the ability for an affiliate to make ongoing commissions for previous sales. Just by choosing subscription products to promote, you can gain a huge amount of traction compared to choosing low value physical products, which pay you only once and at a much lower commission. (See chart below for Amazon commission rates)
High Commission Affiliate Programs offer much larger commissions on single sale items for affiliate marketers. They also give you more opportunity to use paid marketing strategies and scale up into larger incomes.
Built In Sales Team – With a good product range, you can also use affiliate programs which offer support and sales teams built in. This means you can earn later commissions after your initial referral, which are sales closed by a built in sales team on your behalf. Having a range of products means you can earn later for work done previously from a series of up-sells which are available to existing customers.
A Ready Made Sales Funnel
A ready made sales funnel is the large part of the software which goes into money making machine software. A sales funnel should include:
- A website building program – See ready made affiliate websites
- An email autoresponder – An automated email marketing platform
- A landing page builder program – See automatic lead tools
To build all of this by yourself and choosing good affiliate products to promote is a huge undertaking. You can side step a lot of the hard work using a ready made sales funnel. A sales funnel collects subscribers and sends them through a series of email follow ups, marketing a product or a product range.
Digital products can be accessed from anywhere globally and so are the most suitable for a globally scalable business and an email marketing campaign. By driving targeted subscribers to a landing page, online marketers can grow a digital affiliate business through a range of emails by offering the right products to the right people.
A Powerful Marketing Engine
Even the perfect sales funnel with a range of digital products in it is useless without a powerful marketing engine.
Marketing is arguably the most important part of all the money making machine software, which is needed to build an online business.
Ideally, with a high ticket product range, affiliate marketers should use paid marketing strategies to give their online businesses the most traction and quickest start. If this isn’t possible, and budget is a problem, you can also build content as an online marketer.
Paid Marketing Strategies
Paid marketing strategies can be developed using various online marketing platforms such as:
- Google Adwords
- Bing
- YouTube
- Etc.
These platforms are the epitome of money making machine software – they are programs designed to target a specific audience for online businesses and marketers. By targeting a specific type of person, or search query, marketers can very precisely put their message in front of the right people for maximum results. This can easily be scaled up to larger groups of people too, especially with a globally scalable business which isn’t based in a specific location.
Content Marketing
If paid marketing isn’t an option for a marketer, they can choose a different route. Content marketing is an option for those who can’t fund a paid marketing strategy. It takes much longer to generate results from content marketing however, but it’s much cheaper.
If you’re prepared to roll up your sleeves and put in the effort, to build content, your content can generate traffic, leads and sales in your online business. Just like paid marketing, the aim of content creation is to lead potential customers into a sales funnel where you can offer products which they might be interested in.
Content marketing might involve:
- Blogging – See Niche Blogging For Profit
- Niche website building – see Create free website and earn money
- Video marketing – creating and uploading videos to YouTube
- Holding webinars
- Creating Podcasts and other online content
- Link building – linking back to your content
- Sharing content on social media
- Social media marketing – creating content on social media platforms
- Creating private groups on social media and offering value
