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That’s quite a headline, right?
But here’s the thing: while making 1 million dollars online may sound like an incredible feat, it’s actually really simple.
In this article, I’m going to show you how to grow your net worth and make $1,000,000 online.
Yep, it’s as simple as that!
Let’s simplify things.
How would you earn $5 or $50?
You’d create a product or a service, and then you would promote it to potential customers.
When it comes to growing those $50 to $1 million, all you need to do is scale.
If you’ve been offering a service - let’s say, a marketing consulting service like Sam Ovens does, there will come a point where you won’t be able to grow further because you physically can’t service so many clients.
So what do you do?
You transform your offer.
You turn consulting into courses, i.e. digital products. You can sell an unlimited number of courses and webinars.
Here’s how Sam does it - but you can do better than that ;)
If you have a product already, all you need is a marketing engine.
(And we’re talking a turbocharged one.)
If you’re a fan of personal finance consultants like Ramit Sethi (and I am), you’ll notice that once you dive deep into their guides, it’s all about making the most out of what you already have.
Sometimes that’s negotiating a raise.
But if you’re here, I’m betting you want to earn money with your own business.
The million dollar formula is as simple as:
Product x marketing = $$$
And the better marketing/sales machine you have, the more will you be able to earn.
If you’ve been reading this blog for a while, you know that I like researching popular entrepreneurs to see how they did it.
Now, the majority of 6-figure entrepreneurs started out with the skills they had:
For example, Glen Allsopp was great at SEO.
He started building his own websites, then progressed into creating his own SEO consultancy and SEO courses.
He wrote a book, and in due time, started his social media agency.
Brian Dean, on the other hand, started by writing about SEO, and turned his knowledge into a series of courses.
Neil Patel had a similar trajectory, but he also created his own SEO tools.
Can you spot a pattern here?
All of these highly successful entrepreneurs started with very little but their skills, and then learned how to package and sell their knowledge.
Today, when I’m looking at the most successful businesses, I realize that they’ve spotted one important gap in the market:
Products like T-shirts and coffee mugs are easy to come by.
AliExpress is full of them. But knowledge is in demand.
So if you want to earn a million online, I recommend starting with knowledge products.
After defining the area you know a lot about, it’s time to share your knowledge with others!
I recommend reverse-engineering your curriculum.
Start with problems people want to solve, and look up online.
For example, if you plan on creating sewing courses, your course curriculum could deal with a topic such as: “How to sew dresses.”
This is a banal example, but it’s important to be helpful and create an actionable course, not a course we’d take in college for extra credits and then promptly forget all about it.
Another benefit of online course businesses is that you can create new courses, and up-sell your existing audience.
If they were interested in your course about sewing dresses, they’ll likely be interested in a course about sewing skirts.
At the same time, courses are engaging.
You can create a whole community, and incentivize your customers to keep learning.
If you’d like to learn more about creating an online course (complete with tips and best practices), check out the tutorial I recently wrote.
Instead of creating the entire curriculum about a topic, you can simply choose one segment of that topic and create a highly-actionable webinar.
All you have to do is charge a fee for accessing it.
An example of a simple webinar
You can also use webinars as lead magnets for your paid courses or membership sites.
Membership sites are sites with plenty of valuable resources, and customers pay a monthly subscription to get access to content such as:
And even communities!
For example, Food Blogger Pro offers access to not only recipes, but recipes for building a food blogging business.
If you want to make $1,000,000 online, membership sites are the best bet because people will pay recurring subscriptions to access your content.
Your income will stack up, getting you closer to $1mil.
The first part of our equation were your products.
Now that’s covered, it’s time to create a marketing and sales machine that converts.
The easiest method? Sales funnels.
A sales funnel is a model that illustrates your customers’ journeys towards their decision to purchase your products:
Now, sales funnels look a little different depending on the business model.
For example, a webinar funnel usually has a free webinar in the beginning (as a lead magnet), and it’s used as a way to up-sell prospects to other paid webinars down the line.
You already have a sales funnel, whether you’ve defined it or not.
A good sales funnel primarily adapts to the way your leads want to communicate with you:
Normally, your sales funnel has to have the following elements, as well:
Like I said, sales funnels already exist - whether you control them or not.
But if you control and optimize them, you can significantly increase your conversion rate.
Without a structured and optimized sales funnel, you’ll be losing leads who don’t convert on their first visit (and they rarely do).
This is the real secret behind entrepreneurs who make $1,000,000.
They have sales funnels that convert while they sleep.
The key is not in working hard, but in working smart.
Here’s how to build a $1mil funnel and grow your net worth with a little help from systeme.io, an all-in-one marketing platform:
So far, systeme.io supports:
All in all, you’ve got plenty of options.
Of course, you can mix and match (membership sites work best when you’ve got courses, webinars and a blog).
One of the main strengths of systeme.io is its visual, drag & drop website builder. You won’t have to write a single line of code to create a beautiful website.
You can also pick from plenty of templates, and customize them to fit your brand.
On systeme.io, you’ll build your website through a series of landing pages.
We call all of this “a sales funnel” because it technically is your sales funnel.
Every page should contribute to your conversion rate, and we’ve made that clear early on.
Once you pick a template, you’ll be able to add plenty of elements like pop-ups to increase conversions.
First, add modules, then add lectures, and all there’s left to do is attract your students!
You can even drip content, so your students gradually complete lessons to unlock the following ones.
After you’ve fleshed out your site and added all the content you need, it’s time to set up the lead generation part of your sales funnel.
I’ve talked about 21 great landing pages and what you can learn from them a while back, so make sure you check out those for inspiration.
One of the main benefits of systeme.io is that it’s not just a website and sales funnel builder, but also an email marketing tool.
Practically everything you need is within systeme.io, which allows you to create a highly integrated sales funnel and reach that 1mil as soon as possible.
If you want to grow your net worth ASAP, I recommend using the following marketing methods:
Systeme.io allows you to create and manage your affiliate marketing program.
The best thing about affiliate marketing is that you don’t have to pay people who promote your products until they’ve successfully sold them.
Systeme.io affiliate dashboard
Finally, this is the part where the real magic happens!
As you already know, systeme.io is both a sales funnel platform and an email marketing platform.
As soon as your leads sign up for your mailing list, you can schedule automated follow-up emails:
You can completely automate this process.
Like the greats, you’ll be converting leads even while you sleep.
... it’s affordable. Really affordable.
Check out the pricing page for a full list of features you’ll get with each plan.
Competitors like ClickFunnels would require you to sign up for a $297/month plan to be able to automate your email marketing.
And not to mention the fact that other all-in-one platforms don’t have the features systeme.io has.
Earning $1,000,000 doesn’t have to be hard.
All you need is a good product, and a great sales funnel.
And with systeme.io, all you have to worry about is creating a product better than sliced bread.
We’ve got everything else covered! ;)