Over the past few weeks I’ve had numerous people ask me:
“You recommended 2 different programs for online business models. Which is better?”
Here are the two (both have a video interview):
Make $3 700 times a day
An Automated Online Business Model
Here is my answer:
BOTH
There were a few reasons why I posted (and recommended) both of those:
- Both business models work
- Both business models are EASILY outsourced (I’m currently implementing both of them through outsourcing)
- I personally know the owners of both. They’re both super trustworthy.
- Both business models are easy to understand, and, if you implement them, it’s hard to fail at them.
So which is better for you?
That depends on you and your skills and your goals.
This is where and why I tell people “you need to understand your business.”
Here’s a summary of both. You pick which one is better for YOU (I’m doing both).
1. An Automated Online Business Model
NPC
- You will build websites in niches with the goal of selling info products.
- It’s more involved than The Mini-Site Formula.
- Each site will make you $300-$3000/month.
- You’ll spend more time on each site.
- You’ll create some of your own info products.
- You’ll do seo, articles, videos, … to market your site.
- This is less of an affiliate business, and more of a “you own the product” business. That’s why I like it.
- It’s permanent, but will take longer to see your first income.
2. Make $3 700 times a day
The Mini-Site Formula
- You build websites in micro-niches with the goal of selling physical products as an affiliate.
- Each site has very little time commitment.
- Each site makes you $1-$5/day.
- You make money strictly as an affiliate (or with adsense).
- It’s a very scientific process.
- No copy, emails, auto responders, sales pages, clickbank, upsells involved.
- You market it with video (that’s what Joel does, I suggest video + articles).
- You’ll see your first income quickly, but it might not be permanent.
Now, it’s your turn to use your brain and pick which one appeals to you more.
Whatever you do, only 2 things matter:
- Are you implementing it (if you don’t do this, nothing else matters)
- Are you outsourcing it (if you don’t do this, it’s only a matter of time until you stop doing #1)
@Chris Sandberg – I outsource a lot of my product creation to the Philippines. They’re great at researching and writing.
@Ron Mead – The talent in the Philippines is ridiculous, and it’s growing every day. As more and more people move their outsourcing to the Philippines, more and more of them are getting great training and are available for hire.
I HAVE seen wages go up over the past year, because so many people are hiring now, but you can definitely still find great talent at really low prices.
Just search through the site I recommend inside ReplaceMyself.com and you’ll see what I mean by the amount of talent that you can find in the Philippines.
@Jennifer – I have my GUYS do very simple article marketing (1 article per site) and directory submissions for each site they build. Pretty simple.
@Gret – I personally prefer to go the nanobloggers/npc route.
Also, yes, I agree that it's better to go deep than wide. Find a profitable niche, then stick with it and create multiple products in that niche.
It is really an eye opening post. What type of people you need to outsource to for the 2 business model above ?
article writer ? young old ?
thank you