Does your business allow for “mailbox money” and a lifestyle you love? If not, what would you need to create this?
Let’s start with the definition of mailbox money. This is the money that you receive both in your inbox and in your physical mailbox.
I first heard the term of Mary morrissey. When I heard his definition, I realized that he had had money in his mailboxes for years.
Depending on your business setup, you likely have a general idea of a minimum amount of money that will come in on a daily basis, be it a few hundred or a few thousand. Beyond the baseline, you probably don’t know how much money will come day by day. The reason? Multiple streams of income that fluctuate from day to day.
Multiple streams of income is exactly what it sounds like; money that comes from various sources. One way to create multiple money streams from mailboxes is with information products; yours and those you sell for others.
The more information you have to offer that your market is interested in, the more revenue you can generate.
If you don’t have products of your own, you can start by becoming an affiliate marketer. Make sure whoever you sell to and whatever you make available is selling an outstanding product or service that you are proud to make available to your market. Never, never sell something that you cannot put your personal stamp of approval on.
Keep this in mind.
Don’t sell just to make money. Earning money just for the sake of making money can be short-lived. Start from the point of “What would create the most value and really serve my market?” When you think in terms of service, money will go on for a long time.
You may need to test some products to identify the sweet spot in your markets with both the type of information you are entering and the price.
Some online entrepreneurs are very successful selling products from other experts. Others prefer to create their own. Others like a combination of the two.
I lean towards the latter.
If you plan to develop your own products, now is the perfect time to start. However, it will be well served to plan what you present.
Follow these simple steps to move it in the right direction.
• Identify what your potential customers are interested in. A survey can help considerably in this area.
• Determine what knowledge you have and what people would be willing to pay for.
• Decide on the format of the information product; video, audio, MP3.
• Determine the delivery method; ClickBank, autoresponder, others.
• Determine the payment method; PayPal, credit card.
• Develop the product.
• Develop a landing page. If you are not qualified, you can find many eager designers on elance.com or get a free or low-cost template program.
• Market.
Obviously, there are more details I could cover, but this will be a great place to start. I can assure you that when you have several things to offer to your market, both yours and those of other experts, you will get very used to seeing your “mailbox money” arrive every day.
In fact, you will know what it means to have a lifestyle business.
What is your experience with the money in the mailbox? Are you getting your share?