Tweet

Are you getting your share of mailbox money?

Guest post by: Kathleen Gage

Article Overview: Multiple streams of revenue is exactly what it sounds like; money that comes from various sources. Does your business allow for “mailbox money” and a lifestyle you love?

Are you getting your share of mailbox money?

Does your business allow for "mailbox money" and a lifestyle you love? If not, what would it take for you to create this?

Let's start with the definition of mailbox money. This is money you receive in both your inbox and your physical mailbox.

I first heard the term from Mary Morrissey. When I heard her definition I realized I have had mailbox money for years.

Based on how you have your business set up you likely have a general idea of a minimum amount of money that will arrive daily whether it be a few hundred or a few thousand. Beyond the baseline, you likely won't know from day to day how much cash will arrive. The reason? Multiple streams of revenue that fluctuates from day to day.

Multiple streams of revenue is exactly what it sounds like; money that comes from various sources. One way to create multiple streams of mailbox money is with information products; yours and those you sell for others.

The more information you have to offer that your market has an interest in the more revenue you can generate.

If you have no products of your own you can start by becoming an affiliate seller. Make sure whomever you sell for and whatever you make available you are selling an outstanding product or service you are proud to make available to your market. Never, ever, ever sell anything you can't put your personal stamp of approval on.

Keep this in mind.

Don't sell simply to make money. Making money simply for the sake of making money may be short lived. Start from the point of, "What would create the greatest value and truly serve my market?" When you think in terms of being of service, the money will follow for a long time to come.

You may have to test a few products to identify your markets' sweet spot both with the type of information you are introducing and the price point.

Some online entrepreneurs are very successful by selling other experts' products. Others prefer to create their own. Still others like a combination of the two.

I lean towards the latter.

If you're planning on developing your own products now is the perfect time to begin. However, you will be well served to plan out what you introduce.

Follow these simple steps to move you 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 that people would be willing to pay for.

• Decide the format for the information product; video, audio, MP3.

• Determine method of delivery; ClickBank, autoresponder, other.

• Determine method of payment; PayPal, credit card.

• Develop the product.

• Develop a landing page. If you're not qualified you can find plenty of eager designers on elance.com or get a free or low cost template program.

• Market.

Obviously, there's more detail I could cover, but this will be a great place to start. I can assure you that when you have several things to offer your market, both yours and those of other experts, you'll get very used to watching your "mailbox money" arrive on a daily basis.

So much in fact, you will know what it means to have a lifestyle business.

What's your experience with mailbox money? Are you getting your share?

Related Articles
  Customer Service Tips: How Not to Provide Service
  Facing the Fear
  Strangling the Internet: Why Spam Matters and What It Costs
  Earn Your Way
  Getting Your Voicemail by Email
  Be Creative With "Hidden" Exercise
  Do A Needs Analysis before Buying Your Phone System
  What's the Biggest Obstacle to Your Success?
  Can you do that a little faster?
  6 Tips on How to Fully Unleash the Power of Email Marketing
  Where Do You Get The Most Bang For Your Buck
  Make Money With Work At Home Data Entry Opportunities - What You Should Know
  Web Hosting Review
  Home Stagers, It’s Not All About Price
  Home Based Business Owners Don’t Need to Advertise Their Home Address
  The Power of Print – One to One Mail
  Article #8 Trying To Find Out What Bills To Pay This Month?
  Twitter is an Online Marketers Dream
  Qualities Needed To Operate A Home Business
  10 Retail Franchise Businesses You May Never Have Considered

Article Tags: build an online business, information products, internet marketing, Online marketing, residual income
Referred by: http://www.sandcconsulting.com



Related Forum Posts
Re: I need a mailing address for office space in Toronto - But if you had a mailbox in Toronto, who would manage the mail? Wouldn't that require a service to also open and read your mail? For instance, if could be an urgent issue, bill or complaint that is time sensitive in nature.
Re: The best course for starting an online business - Hi Keven, I would be more than happy to share it, but I'm really confused what to share, where to start. OK, here is the greatest lesson I learned from that course. It is realted with the starting an internet business. - If you want to start your online buisness, the first thing you should do is to find you [u:1vh6vyeb]own [/u:1vh6vyeb]niche (we have talked about this in forum on another threads). What most people trying to do is to find the hottest product on the net and try to market it to make money online. It is a WRONG concept. Or most newbies join money making programs and try to teach others how to make money too. And this makes the problem (because they don't even know how to make money themselves). It is a lesson which taught a lot in my online marketing business. This first lesson is simple, but great. Orxan
Re: Can you make a real living online? - Hi, Yes, I make a real living online. I started my online business with Google Adwords (interestingly) and have spent a lot of money for education and started to see the results and worked on it and still working and making money. But my main method is to join high paying programs (MLM or affiliate programs) and advertise them on ezines. For example, I joined Cruise to Cash last month and contacted to travel ezines to sell it and made agreement for each sale we will share the money (it is sold for 1477$ or 997$ and half of it is good money). There are a lot of programs like this which pays 997$ or more. Join them and advertise in different ways (press releases, article marketing, calssifieds, magazines). But I think I should have my own authority websites, too. So I bought one website and created a blog for it to share my marketing opinions there. In 15 - 20 day I'm going to build another authority blog around my another niche). Orxan
Raising capital for furniture venture - Hi albert - perhaps you could share a few more details - where are you located? how much do you need? what is the money going to be used for?
Re: Real Estate Entrepreneur Seeks Private Investor – 18-30% ROI - I have invested in real estate in the past and made a bit of money at it. Nothing recent though. With the market the way it is right now, is there still money to be made in this arena? The reason I ask is that client after client of mine keep telling me that they are real estate investors and now they want to buy a business because that market is trailing downward. Anyone have a successful recent story they can share on this subject where they made a good investment, turned it and made money recently?


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

African Technology Development

Rumor Has It

Tips for the Novice Traveler

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.