Hi guys
I have been recommended by someone who's very successful in business (i.e fastlane status - i contacted them through email) to look into "online direct marketing" as something that might suit me.
"There are mass platforms like google for direct marketing but niche marketing is still a largely unplayed field and a good way to build the beginnings of a business (i.e. generate revenues for a 20 year to live on before you decide whether or not you want to become big or not). "
He didnt go into much detail so i did a bit of research, and understand the general idea and it appears to satisfy the NECST commandments:
- Find a product that i can sell to a large number of people (need + scale) that havnt reached distribution and their inventors/owners have no idea how to use the internet (entry). Note: I want to get started and build cash flow and experience ASAP, but later id be looking to re-brand or invest the profits in creating my own products (control) and possibly time (info-product, software, other automated/other peoples services)
- Buy cheap ads in email lists that target the market im looking to sell to (i assume i can also buy forum banner ads for example). Start with, say $100. For every $100 i invest in ads id be looking to make say, $200 profit after paying the product maker. Then compound by reinvesting the profits.
So i assume that i research a product, try and create a landing page with an obvious call to action (buy now) with good enough copy that it should convert enough of the traffic so the ads pay for themselves. Track the conversions from different sources and split-test different possible sales pages to try and find out what is optimal.
Perhaps this is all i really need to know and i ought to start getting to work and learn as i go along, but i feel i need to know a lot more and should read a book or follow a course before I get started so im not going to be missing something important.
I dont have much money to risk and worried about ads being to expensive/conversions so low that its a waste of time. I have bigget fastlane ideas that require a few $k that i dont have to risk, and think that online direct marketing could be the best way to try and build up some cash instead of working (and learning a skill that i could use to market any other product later on).
Im looking to be pointed in the right direction from people who know about online direct marketing and thought this might be the place to ask (recommend some good books/resources to learn from?).
Thanks
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