March 2011 Passive Income Report

I’m officially two months into the e-book sales game and March turned out to be less exciting than I hoped it would be. Not horrible. Just not where I want to be quite yet.

My original goal for March was to churn out 3-4 new reports and sell them on the Warrior Forum. I only created one new product, How I’m Making $45-$150 a Day Selling E-books Through Blog Comments.

Along with it, I’ve still been selling The BIG LIST of Amazon Products. This one has been profitable from day 1 and continues to generate the bulk of my sales.

Marketing tactics I used

Unlike February, I didn’t really participate on the Warrior Forum, nor did I ‘bump’ the ad promoting my BIG LIST of Amazon Products (also on the Warrior Forum).

Bumping your ad puts it back on the first page of the special offers section. It could take as few as 5-6 hours to 24+ hours for it to be pushed off to the second page (and beyond) by newer incoming ads. This little tactic costs $40 per bump. So I’ve realized that once sales reach a point of saturation, it doesn’t make sense to keep bumping it.

I have been doing a lot of blog commenting lately, which accounts for a massive 42% of my site traffic. (You can read about my exact strategy in How I’m Making $45-$150 a Day Selling E-books Through Blog Comments.)

I listed an ad on the SitePoint Marketplace, promoting The BIG LIST of Amazon Products. The ad cost $10 for 30 days, but it hasn’t been doing anything to boost my sales. Aaah well, in internet marketing experimentation is the key to success.

I also joined Triberr, which automatically tweets my new blog posts to the followers of the 7 members in my tribe. The combined distribution amongst my Triberr members reaches over 35K potential eyeballs. For a passive marketing strategy, you seriously can’t beat that. By the way, if you want an invitation to Triberr, e-mail me (thinkbigpeople [at} gmail).

(Thanks to Janet Callaway over at The Natural Networker for turning me on to Triberr. Her blog should really be called Brilliant Networker!)

Brankica Underwood over at Live Your Love gave me a shoutout last Saturday in her roundup blog post. That’s the first time I’ve ever been included in a roundup, and that mention definitely sent some new followers my way. (Thanks Brankica!)

And even though I didn’t do any guest posts last month, I did submit an article to Slideshare (which I talked about in this post). I’m definitely pleased with the traffic it sent my way, but I’m learning that Slideshare may only be a good choice for social media topics.

Traffic stats

I started this blog in January, but technically I became active with it in March. In less than a month I’ve been getting between 50-120 visitors a day, almost evenly divided between new and returning visitors. The larger number of visitors really started coming in within the past 10 days as I’ve increased my promotional activities.

My biggest single source of traffic has been readers coming directly to the site… returning visitors. My second biggest source has been the combined traffic from my blog comments. Third is Google, fourth is Twitter and fifth is Blokube.

The results do surprise me. I never expected Twitter to be so high up on the list, considering I only have 220+ followers. But being in Triberr really pushed me into the traffic zone with Twitter.

Product profits

So here’s the big “tada” that you’ve been waiting for:

The BIG LIST of Amazon Products = $1,026

How I’m Making $45-$150 a Day Selling E-books Through Blog Comments = $144 (Sold strictly on the Warrior Forum)

Total refunds = 2 (That’s good!)

I’m NOT bouncing off the walls with joy, but I’m not totally disappointed either because at the end of the day, my blog is profitable. I make more in one month selling a $9 e-book than most bloggers make in an entire year. I’m truly humbled by that.

I love the fact that I was able to generate the bulk of those sales because of this blog. Even when the Warrior Forum failed to produce any more sales, I was still able to continue making money from my product. That’s an accomplishment worth mentioning because I know there are a lot of Warrior sellers who aren’t as adept at blogging or making the most of social media.

My personal synopsis about the Warrior Forum

I’ve been fussing and fumbling with the Warrior Forum since I started selling products there back in February.

Remember, this is a ‘make money fast’ crowd that I’m dealing with. They want a plug-and-play solution that produces results in record time – and traditionally they don’t want to do a lot of work to get there. If you’ve got a magic fixit, this is the place to sell it.

In light of my lackluster sales, I’m inclined to believe that I had a couple of things working against me:

1) I didn’t participate. I wasn’t sure how much that would really contribute to my bottom line, but I have noticed a difference in sales from the time I was participating to the times I wasn’t. This is a community, and when you’re an active member of the community, people do take notice.

Sure my blog commenting strategy picked up the slack. But I think I could’ve done much more in sales had I been more active there.

2) My e-book was competing against services that offered 7K comments for $20 (or something like that). Plus I mentioned that my technique would require some work. When you pit automation against a do-it-yourself solution in an environment like this, automation almost always wins.

3) I was packing to move. My mind has been wandering off into dusty corners rather than focusing completely on my business.

Moving into April

My goal for April is quite simple… to produce 1-2 products that really hone in on the wants of the Warrior market. I have a few ideas in the works, but I really need to make sure that it fits the demands of this audience. I get it… I understand it… but I’m not feeding into it 100%. That’s what I need to concentrate on.

Understanding your audience is great, but if you’re not giving them what they demand, then you might as well not try to sell anything at all.

So now that I’ve totally exposed myself, what bits of self-advice have you vowed to live up to for the month of April? Leave a comment so we may all learn from experience.

 

 

Passive Income Monthly Report for February 2011

February was officially my first month in the passive income game. (I already had several Amazon affiliate sites, but I’m not going to include them here. I want this to be a totally fresh start, as a newbie in this field.)

As you’ll recall, I created three information products in February. The BIG LIST of Amazon Products created the bulk of my passive income for the month, followed up by How to Become the Guest Blogger Everyone Wants.

The guest blogger e-book has actually started picking up in sales since the Google Farmer update. That’s probably because I re-wrote the sales copy (on the Warrior Forum) to tie the Google Farmer update in to the need for more guest blogging, and less article directory submission. That little trick gave me just the bump I needed to boost sales. Plus, I’ve been generating more sales directly from my website.

I decided not to push The BIG LIST of Internet Marketing Blogs because I’m thinking about adding it to a bigger package later on. Surprisingly, a lot of people have been asking me about it behind the scenes. Funny how that works. I decide not to sell it and all of sudden people want to buy it. Must be some kind of psychological persuasion thing going on there.

Newsflash… Despite all my snafu’s, I DON’T suck!

As I was blogging last month I started to feel a little awful about what I perceived to be product failures. Okay, not really failures… but definitely not the $20K in 10 days that I’d initially imagined.

After tallying everything, and looking back at the experience, I actually didn’t do too bad, considering this was my first foray into selling information products. I worked hard. But I worked hard at home… on my own time… sitting on my rump.

And in one month, of really grinding, I learned a lot. This was an education that you don’t get by reading a book. You just have to get out there, and make mistakes.

So without further ado, here are my sales figures for February 2011–

The BIG LIST of Amazon Products: $1,728

How to Become the Guest Blogger Everyone Wants: $425

The BIG LIST of Internet Marketing Blogs: 0

TOTAL: $2,153 (and NO refunds!)

Lessons Learned–

You don’t have to be on a forum for 6 months before you start selling something. A lot of times you’ll hear people say that you should hang out in a forum and participate for at least a few months before you start trying to sell something.

Now perhaps this is commonplace outside of the Internet marketing niche. But as you can see, I joined the Warrior Forum in January, and I started selling in February. As of today, I’ve only made 67 posts. Obviously I’m not a huge participant there. But when I do say something, I try to add value to the conversation.

No matter what you sell on the Warrior Forum, you need a little hype to make your point. Some people think ‘hype’ is a dirty word.

‘F*$k’ is a dirty word.

Hype, on the other hand, is the most accurate description of what you’ll need to generate sales on the Warrior Forum. Even if your product is mild-mannered, you need to give it a little uumph in the hype department.

To be honest with you, this slightly goes against my general nature. I’m more of a stream-of-thought marketer. I try to be as transparent as possible and talk to my readers like I’m having a face-to-face conversation. If you were to meet me for say… sushi and Sapporo, you’d find I’m the same chick in-person as I am online, except I laugh and smile A LOT more.

In saying that, I initially tried to be tame-and-sane with my the ad title for my guest blogger e-book. But sales were dismal. It wasn’t until I added in ALL CAPS and an exclamation point that things began to pick up. Seriously!

I hate to sound like a cliche, but when in Rome, shut your pie hole, swallow your ‘I’m-holier-than-this-shit’ pride, and do like the Romans. If everybody else is hyping their stuff with screenshots and financial claims, there’s obviously a reason why.

Be willing to give out a few review copies of your product. When I first started selling the guest blogging e-book on the Warrior Forum, I didn’t mention anything about review copies until I’d already gotten a shitload of traffic.

Can you say, “dummy move”?

At that point I’d already lost a great deal of momentum. By the time I decided to give out review copies, my ad had already dropped more than half-way down the first page.

When I was launching The BIG LIST of Amazon Products I mentioned 3 available review copies in the sales letter. I actually ended up giving out 5, including one to a reviewer on another site.

The reviews ended up being kick-ass and the social proof those reviews provided was more than enough to make my second WSO far more successful.

My thinking is that if you can get a review copy into the hands of a few people before you launch, and you request that they leave a review in your thread, you’ll build up that social proof a lot faster, which will (hopefully) generate sales a lot quicker.

If you’re at home sitting behind the computer on a Saturday night, you’re not a loser. I submitted The BIG LIST of Amazon Products on the Warrior Forum at 7:30pm EST on a Saturday. It didn’t drop off the first page until sometime Sunday afternoon, giving me a whole lotta time to benefit from that first page advantage.

I listed the guest blogging e-book on a Thursday afternoon, and it was pushed off the page by late evening the same day.  And let’s not even talk about the few hours it took to knock The BIG LIST of Internet Marketing Blogs off the first page on a Tuesday afternoon (which is supposed to be one of the busiest times on the forum).

Given my choice, I’d rather list my products on what appears to be the slowest times on the forum. In fact, I like re-listing my stuff at 9pm EST, and waking up to a bunch of new orders.

What’s in the works for March?

$20K in 5-10 days.

What? You thought I was giving up? Earning $2K in less than a month IS sweet, but I know it can get a lot better.

You have to work hard. You have to work fast. And you have to understand this audience.

Leave a comment. Give me your suggestions. Tell me what you think I could do to hit my rapid fire $20K goal.

Targeted Talking=More Buyers or Why building your brand on a forum where you sell stuff makes cents

It’s not that I’m stupid. I’m just hard headed.

Like when you tell your toddler, “This is hot… DON’T touch it.” And they go and touch it anyway.

After a couple of quickie product sales failures on the Warrior Forum I figured that I needed to create products that were more results-orientated. Stuff that buyers could start using and making money with immediately.

This is a real-deal make money online (MMO) audience, after all. They want shortcuts and quick starts and formulas that go something like–

Order this > Read this > Make BIG $$$$ with this NOW!!!!!!!!!!

They don’t mind a little bit of work, as long as it amounts to a #1 rank in Google within 4-5 days max. I get that. Patience isn’t a virtue here, automation and a $2 an hour virtual assistant from the Philippines, is.

Not everyone understand the dynamics of this audience. It thrives on hype and hopped up screenshots of $50K PayPal accounts. Half of it might be a load of horse poo, but that’s not unusual amongst any audience. Suit-and-tie corporate heads are totally full of shit too.

(Cough, Bernie, cough, cough, Madoff. Cough, cough, cough, Enron, cough, cough. Cough, EXXON, cough, cough.)

Pulease – if you haven’t noticed, I’m here to make money. A few dozen exclamation points on a screen is part of the fun. I heart this little son-of-a-niche. And I can appreciate the rapid and intense profits this audience can deliver.

And so I’m attempting to stake my claim in the Warrior Forum so that I can get a piece of the pie the whole $100K pie.

So far its been trial-and-error. I tried to promote two products that have done well among other Internet marketing audiences, but they flopped as WSO’s. Only The BIG LIST of Amazon Products has done really well.

I’m like the toddler who can’t help but to stick my finger on the hot stove. I gotta experiment.

But after seeing what doesn’t work – TWICE – I’m a lot more conscious about the types of products I should be creating and how to promote those products to this audience.

MMO people need you to show them the loophole

They know that article marketing works. The loophole for them is learning to write a 500 word article in 7 minutes – 3 of those minutes being research.

They know you can make a lot of moola as an Amazon affiliate. The loophole is giving them a monster list of products that have the best reviews, the highest prices and the most stars, so they can set up profitable affiliate sites around those products.

Saving time is a major factor here. You must show them how them how to do the stuff that everybody is talking about really, really fast. The more automated the process, the better.

They want the secret tactic that generated $437 in 48 hours. They want to know how to get 2 cent clicks from Google. If you’re not giving up a loophole, you might as well jump on your unicorn and ride back into your fantasyland.

Participation is the other piece of the puzzle

In my last post I pondered out loud on why my hot selling BIG LIST of Amazon Products suddenly stopped generating the windfall of sales it had initially generated. I thought I’d wasted some money bumping the ad back up to the first page, but it turns out that I didn’t.

I ended up making back the bump money, and then some. I haven’t bumped the ad for the past 48 hours and still I’m generating sales. Not at the same brisk level that I was doing last week – but still makin’ bacon.

I had a feeling that my participation in various discussions on the forum was also helping with sales. So I’ve been keeping a close eye on the correlation between the times I participate in the Warrior Forum and the topic of the discussions I participate in compared to the times I generate a sale.

I’ve found that when I participate in Amazon related discussions, there’s frequently a jump in sales. When I participate in non-Amazon related discussions sales may or may not go up. In other words, it’s a crap shoot on the non-Amazon discussions.

I also found that when an old Amazon thread containing one of my posts is bumped back up to the top (because someone posts a new message in that thread), sales go up.

The big ho-ho, hee-hee, ha-ha…

As soon as an order shows up in my e-mail I check the Warrior Forum to see if a thread I participated in is somewhere near the top of the pile. Four out of the five times I’ve managed to immediately catch these orders, there was in fact a thread that I’d been in sitting somewhere in the top 15 position. Specifically an Amazon related thread.

Now don’t take this as the gospel truth, because I’m only working with a couple days worth of observation here. The bottom line, so far, is that I generate just as many sales by simply participating in Amazon related threads as I do when I pay $40 to bump my advertisement back up to the top of the WSO forum.

I’m almost 100% sure this thread in particular is the workhorse contributing to my sales. Right now there’s a link to my BIG LIST of Amazon Products in the signature. (Though that signature will probably change in the future… so if you’re reading this post after March 2011, you probably won’t see the Amazon signature.)

I still have to experiment a little bit more so see if my hypothesis is correct.

But if it is… IF it is…