Review of OIH session on 1st Nov 2007
Sharing by Roy Phay
Recently, Roy went on a World Tour with Stephen Pierce
and gained some insight into how internet millionaire
works.
Questions :
Who wants to be an internet millionaire?
What’s your plan?
What’s your strategy?
Classification of those who wants to make money online:
1) Newbie [starting out, $0 - $9,999]
* lost
* do not know what they want
* do not know the fundamentals
* hopping from one program to another
* drive some traffic to website
2) Intermediate [6mths to 2yrs, $10,000 - $99,999]
* focus on at least one market
* consistence in making that works!
* understand the fundamentals of marketing
* drive 300-1,000 visitors per day to website
* making consistence income
3) Experience [2yrs to 5yrs, $100,000 - $999,999]
* at least one winning product / market
* a certain strategy or habit marketing online
* build at least 10,000 leads in specific market
* drive >1,000 visitor to website per day
* have affiliates selling own products
* run full-time
4) Expert [5yrs onwards, >$1,000,000]
* Great Influencer / Expert Marketer
* Have at least 100,000 leads in one market
* Build many successful JV partnership / relationship
* Tons of affiliates selling their products (>250 affiliates)
* Daily income > USD3,000
* Dominate certain position in their market
How to get to my destination?
Formula for Success
Strategy 1%
Discipline 19%
Mindset 80%
Mindset
- Take full responsibility
- Use Power of Choice
- Take action
- Consistency
- Persistence…Never, Never, Never Give Up!
How To / Skills
Newbie
- understand fundamentals of internet marketing
- focus on one project / one market / one strategy
- do whatever it takes to make it work
- learn how to drive traffic
- set measurable milestones to destination
Intermediate
- consistency towards destination
- manage multiple projects / websites
- learn to convert traffic into prospects and customers
- build relationships
- start to outsource
- gathering affiliates
Summary
Internet Marketing consists of 2 main areas :
A) Traffic Generation
*Buy traffic
*Borrow traffic
*Re-direct traffic
*Paid Per Click
*Paid Per Sale
*Paid Per Lead
*Paid Per Post