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David Frey's
www.MarketingBestPractices.com
Marketing Newsletter
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TODAY ARTICLE...
"The Millionaire Secret Formula Revealed"
If I asked you if you would like to become a
millionaire, you would not only say, Yes!, but you
would probably say, HECK YES!
Well, I have a very simple plan for becoming a
millionaire.
And it really just boils down to simple math.
A million dollars is expressed as $1,000,000.
So if you can sell 500 units of a $2,000 product,
you'll generate $1,000,000 in revenue.
Conversly, if you can sell 200 units of a $5,000
product, you'll generate $1,000,000 in revenues.
When you know this math, the next logical question
is...
What $2,000 product or service can I reasonably sell
500 units of this year?
Conversly, you can ask yourself, what $5,000 product
or service can I sell 200 units of this year?
You see, once you start channeling your thinking
like this, ideas will begin to pop into your mind as
to how you can achieve your goal of generating
$1,000,000 dollars.
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It's Even Simpler...
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...when you think about it this way.
Let's say that you decided to sell 500 units of
something for $2,000 a piece.
That means you would only have to sell 41 units a
month or a little over one unit a day.
So now you have to ask yourself, what $2,000 product
or service can I sell at least one or maybe two a
day of?
If you decided to sell 200 units of a $5,000 product
you would only have to sell 16 a month or 1 unit
every 2 days.
I hope this is starting to channel your thinking.
I know, you're probably saying...
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"But I Don't Have a High Ticket Product!"
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I used to say that too. In fact, the was the
achilles heel of my infomarketing business.
So here's a million dollar idea.
SELL SOMEONE ELSES HIGH TICKET PRODUCT!
Yes, you can do this even if you're an offline
business. Find a complimentary product that you can
sell on behalf of someone else and take a
commission.
I do this a LOT in my own business through joint
venture webinars with partners that sell high
quality products and services.
For instance, if you're a pool builder, add a
landscaping department to your business and
subcontract all the work to a landscaping company.
Of if you're a chiropractor, you can start a weight
loss dept. I know one chiropractor that generates
over $1.5 million a year EXTRA through his HCG
weight loss clinic.
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My Top 10 Ideas for Creating High End Products
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Idea 1. Add a high ticket coaching program on to
what you do. People will pay to dollar to get
coached by experts.
Idea 2. Create a software product that compliments
your product or service and sell it for a one time
fee of $1,997.
Idea 3. Create a high ticket training course with
your product or service.
Idea 4. Offer a lifetime service or warranty package
for 4 installments of $500.
Idea 5. Offer a "destination" mastermind or group
coaching program where you meet in an exotic place.
Idea 6. License your program or content and sell
that license for $5,000. You might even consider
franchising your business.
Idea 7. Transform your product into a packaged
done-for-you service that you can sell for $2,000 -
$5,000.
Idea 8. Bundle your product or service with
complimentary products that you either license or
buy at a discount to create a "total" turnkey
package that you sell for $3,000.
Idea 9. Target a specific niche and add specific
functions that are peculiar to that niche to create
a highly specialized, high end, product or service
that you sell for several thousand dollars.
Idea 10. Find high ticket products that are
complientary to yours and create a strategic
alliance with those companies in which you earn a
significant commission for referring people to their
products.
For every product or service there's usually some
type of high ticket program that you can offer your
customers.
And it only takes selling one or two a day to
generate a million dollars a year in revenue.
Imagine if you were to sell 3-5 units a day!
If you could do that, you would have ample money to
buy advertising that would generate leads to your
business that would allow you to sell perhaps, even
more that 5 units a day.
That would be cool, wouldn't it.
I hope this article has jumpstarted your thinking
about how you can create or assemble high ticket
programs that will generate million dollars plus in
revenue for your business.
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Want to Master the Art of Big Ticket Selling?
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If you want to master the big ticket products or
service sale, then you need this program.
http://www.TheBigTicketMasters.com
(paste the link into your browser)
This is just a glimpse of what you'll discover in
this valuable program:
1. The #1 question to ask yourself when choosing how
to price your high-end products and services
2. How to create high-value proof even when you are
just getting started in a new industry
3. How to use bootcamps and seminars to grow your
audience, credibility and charge premium fees as a
coach
4. The #1 reason you're not closing more high-ticket
sales in your business..,and how to turn this around
fast
5. How to "dollarize" your intangible products and
services so that saying "yes" is a simple no-brainer
answer.
6. 4 tried-and-true strategies you can use to
promote your high-end services through launches
7. The 6-step Big Ticket Strategy to making and
marketing your products with success
8. 2 quick techniques you can add to closing more of
your online relationships for your big ticket
products
Again, I highly recommend you serious consider
investing this program if you sell (or want to sell)
big ticket programs.
http://www.TheBigTicketMasters.com
(paste the link into your browser)
Have a great day!
David
P.S. Today I'm writing this message from Lake DeGray
in Arkansas. I'm out here camping with the Boy Scouts.
I'm having a great time and I hope you are too!
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David Frey is the CEO of
MarketingBestPractices.com
and the author of the Small
Business Marketing Bible.
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Marketing Best Practices Inc.
306 W. Edgewood Dr. Suite F,
Friendswood, TX 77546
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