Archive for the ‘online business’ Tag
I recently wrote about “What’s the best $20 investment?” and in that article I outlined a concept for participating in a new project that would very likely provide an excellent return on your investment of 20 dollars.
When you invest in stocks, etc then you are essentially a ‘passive investor’. You’re not able to participate much in the growth of the businesses.
Quite obviously, those who are ‘active’ in developing successful new businesses will reap much higher rewards than ‘passive’ investors.
An earlier post of mine suggested “A Better Alternative to GDI.” which outlined a multi-level payment structure for those who actively promote the business. This scenario involved a $10 per month membership fee which is the same as with GDI and the same as the cost of our memberships for people learning Indonesian or Russian.
Taking all these elements a step further, I think we now have the final piece to the puzzle. For a simple $20 investment, people can now join a website which will provide them with exactly what they need to learn English (or improve their English). They can remain ‘active learners’ and ‘passive investors’ if they wish, and they will eventually still get a very nice return on their $20. That’s what I described in detail in “What’s the best $20 investment?”.
But I’ve always insisted that I don’t want to be busy with marketing and advertising. I want members, who love the product, to tell others, and I’m more than happy to allocate a marketing budget to be paid to them. Thus, the solution.
By applying a similar multi-level payment structure for those who pay a one time membership fee of $20, anyone who introduces 5 new members, who then also introduce 5 new members, etc, will soon earn $1,585. That’s a heck of a return with almost no effort.
Regardless of whether you believe it’s really likely to happen or not, the absolute downside is just $20. If this is a complete scam, you will have only lost $20. If I deliver on my promise, you will earn thousands of dollars.
And the growth will never stop. Why should it? We are committed to developing the best language learning material available anywhere. Members can also become employees; working as teachers, translators, programmers, etc.
And as the membership grows travel agents, hotels, resorts, airlines, bars, restaurants, etc will all want to promote their products to our members and that income will all be paid back to the members.
Businesses and others spend a LOT of money on language training, and our members, as ‘owners’ will share in those profits.
Let’s not get ahead of ourselves though. Let’s simply start getting people to take that first simple step of investing $20 to join our vision of the future.
It sometimes takes an incredibly long time to really nail down an idea into a complete and clear concept that can be put into action.
My ideas for teaching English (and other languages) online have really developed a lot recently, and many of the ‘missing pieces’ have been found. Until now, I’ve been waiting for a group of people to ‘kick-start’ the project by investing $20 each.
Yesterday (June 26, 2013), the final ‘missing pieces’ clicked into place. I finally came up with an idea and concept that allows me to begin promoting it on my own. To heck with waiting for others.
As with so many things in life, the answer has been there all along, and I essentially ‘knew it’, but for some reason I hadn’t ‘connected the dots’ to make it a complete concept.
I had already trimmed it down from $10 per month, to a simple $20, one time payment. As I told a group of people practicing their English at a Language Exchange Club meeting recently, there’s no point in me teaching English and getting paid $40 an hour. Why not get people to pay $20 each and teach a million or more people?
That helped them realize that $20 wasn’t actually incredibly cheap for them to learn English. They have each already spent hundreds of dollars to learn English with very poor results, yet to get them to commit to a ‘very cheap’ $20 investment is still not easy.
Now, I’m going to offer “Get paid $20 to learn English“. If I can’t get people to sign up with that offer, then the whole idea is completely dead with no future.
Here’s the concept.
I will offer 3 options for joining our website for learning English and other languages. All members will share in the income from AdSense, new memberships, etc, so for sure they will make a profit on their ‘investment’, in addition to gaining access to top quality language learning material.
Even though they will get ongoing income year after year, there still needs to be a way to get them to take that first step.
Pay $20, join, get full access and receive ‘member rewards’ (basically like a dividend; a share in the profits).
Click on my affiliate web-hosting link, and get a website of your choice for 2 years FREE. I switched to iPage this year and they have a promotion now for $1.99 per month with a free domain. Thus, a 2 year hosting plan currently costs $48. The affiliate payment is $105, so I will pay the person back their $48 and sign them up as a member to our language site for free, since they have effectively paid $20, and in fact paid me $57. We will then also help them get their website going and earning money, so that in 2 years time they will re-new the hosting. If not, that’s okay also. That’s the risk that iPage and other hosting companies are taking.
Do the same as Option 2, only I’ll take the new domain and hosting (with a domain name of my choice), I’ll pay back their $48 plus give them an extra $20 and sign them up as a member to our language site for free, since they have again effectively paid $20, and in fact paid me $37.
It’s extremely simple, and the only requirement is a credit card to make the payment through. Many Ukrainians and Indonesians don’t have a credit card, so this will be a limitation, but it’s easy enough for them to get a card, so it’s not a big problem.
The website hosting / affiliate aspect is something I’ve known for years and used a few times before with PowWeb. I was never able to make money as an affiliate because I wasn’t promoting it and nobody ever clicked and bought from the links on my webpages.
Now, I can use it to help motivate people to take action, join our program and begin making money online while learning a new language or improving their English.
Such a concept should be appealing to anyone, anywhere, and in fact everyone, everywhere!!
Human nature is such that taking the first step can be difficult, but this makes it incredibly easy. It’ll be interesting to see what happens over the next few weeks. 🙂
For those of you that have begun following my blog and clicking on the ‘Like’ button, you’re also most welcome to sign up and get either a free website or $20 cash.
To read more about our language learning project you can start here: ExpressWay Languages – A truly new approach to language learning
All the best, Brian
There are many ways to spend $20 but there are few options for ‘investing’ $20. If it’s two hundred or two thousand, then you have many investment options, but with twenty, you’re pretty much limited to spending it, leaving it in your wallet or putting it in the bank. None of those are really good investments.
Investing $20 will never make you rich, but it could be quite profitable. Buying a book on starting your own home business may be a good investment of $20, but then you’ll need to invest a lot more time and money in order to get a return on your investment.
Many people, however, simply aren’t interested in starting their own business, doing any online marketing, or managing their investments by trading online. They have a job, buy things, go on vacations, invest in mutual funds and typically have an extra $20 that they could invest if presented with an interesting option.
Now consider investing 20 cents in apple seeds, planting them in your yard, waiting for the trees to grow, then harvesting delicious fresh apples year after year after year. Now that’s a great investment!
Like all entrepreneurs, I invested my time and money in my business with the hope that it would grow and provide money for me in the future. My websites for learning Indonesian and learning Russian have done exactly that, and continue to grow by over 50% per year. That’s great and I’m happy with that.
Next, I want to do websites for learning French, Spanish and Japanese, since I’m interested in learning those languages. Developing those sites will take a lot of time and a lot more than $20, but that’s fine, I want to do them.
Doing a website to help people learn English is also very much needed and our methods are tremendously effective, but I’m simply not (currently) willing to invest my time and money in such a website. I’d rather do the other websites.
Now, the value of $20 may be limited, but the value of $20 x 100 or $20 x 1000 is significant, and that’s the key to the puzzle. By getting 100 or 1000 people who want /need to learn English to invest $20, we could then begin building the website for learning English.
Then I’m very interested in working on the project because we’re not only building a website to help people learn English, but we’re “re-inventing the wheel”. We’re doing something that’s never been done before. We’re taking the concepts of ‘crowdfunding’ and combining it with ‘online investing’.
The rewards of that total investment are then shared amongst everyone who made the original investment. In many ways, it’s like a cooperative.
Not long ago I decided to offer a “Pre-production Audio Special” for people learning Indonesian. They would get 20 hours of audio for $20. Having people pay in advance gave us the motivation to go ahead with the project and once it’s done the audio package will be priced at $100. Thus, they got a super discount on the price by buying in advance, before we’d even started making it.
Such a concept is similar in film making. Investors put money in to a project and then share the profits (or losses; thus the risk of investing).
Many people pre-paid $10,000 for a new Tesla car before production was even ready and the company was expected to go bankrupt by many, many people. Well, it didn’t go bankrupt and this year shares have skyrocketed from $35 to $100. That was a nice investment.
My $20 investment concept is extremely simple. Without ‘start up capital’, the English website simply isn’t going to happen right away. We began talking about all this in 2010 and nothing has happened because nobody invested.
Anton is still busy teaching English to make money to pay rent. I’m still choosing to focus my time and energy elsewhere. And students all over Ukraine and the rest of the world are spending a ton of money and not learning English effectively.
It’s really high time that a group of people decide to invest $20 each and kickstart this project. The people who paid $20 for the Indonesian audio material were only getting a discount on the product. People who pay $20 for the English material, will not only be getting a discount on the material, but they will later be earning much more than $20, year after year after year. It’s exactly like the apple tree from investing 20 cents to buy seeds.
Unfortunately, the hurdle remains, that people simply can’t grasp the concept. People want things for free, and they can’t seem to understand that this is much, much better than free.
With a simple $20 investment, they will finally be able to learn English and they will have initiated a revenue stream that will pay them much more than $20, year after year for the rest of their life.
That, to me, is simply the very best $20 investment available anywhere.
Well, it’s now 5 years since I first heard of GDI and various ideas for making money online and for helping others make money online began tumbling around in my head.
Next week, June 3, I fly to Ukraine and have decided to kickstart the ‘big concept’ for learning languages and making money online.
I’ll start with a comparison to GDI since readers will then be able to immediately relate to my ideas.
We currently charge $10 per month for members learning Indonesian and Russian, and they are all more than happy with the product. Thus, we have a definite product which people want, which GDI doesn’t have. Nobody would buy GDI hosting simply for the hosting and not the income potential. Our members pay for the product and there is no income potential for them.
Next, I’ve always disliked the concept of paying $1 for all of 5 levels. That’s 50% of the ‘product’ cost, which seems excessive. I think 30% is more than enough, thus devised the following model. (It assumes each person introduces 5 other people.)
Simply by signing up 5 people and having each of them sign up 5 people, you can be earning a monthly income of $1,955.00. That’s bloody good!! And it’s good for our business also since our total ‘marketing/advertising’ cost is 30% and our revenue increases significantly as the number of members increases.
We haven’t implemented this concept earlier because most westerners are immediately adverse to any hint of multi-level marketing. It has been patiently waiting for the time that we’re ready to develop a program for learning English.
Millions of people around the world ‘need’ to learn English. Learning English for people in developing countries is a sure ticket to a better job and higher income, not to mention the ability to communicate with the rest of the world.
Many of them can afford $10 per month, and in fact many already pay much more than that to learn English. Earning a return of $2000 on their $10 ‘investment’ would literally change their lives.
These are also the regions where people are most receptive to such marketing concepts. It’s really a perfect match. We help each other.
It’s easy enough to play around with the numbers of members introduced, but it’s already clear that it’s not difficult to generate substantial income.
Now let’s look at the reverse. As I said, most westerners hate even the idea of MLM. But, they could also use some extra income, and we do sometimes lose a member if they stop learning a language or lose their job, etc.
These people already recommend us to friends simply because they like our product. If even just 2 people then join, and so on for 5 levels, then their membership would be free and they’d be earning a small amount which they could keep or donate to a charity of their choice.
The ‘dream’ of all companies is to have steady (and growing) cash flow. With a growing membership and no reason for existing members to ever quit, it’s really the ‘dream come true’.
The potential market is also everyone in the world. Why not? Everyone would benefit from learning a new language, and if the method is enjoyable and effective, why not?
We want to continue focusing on making our product better and better, and that’s why this marketing method is especially attractive. We don’t have to focus on promoting the business at all. We simply keep making the product better and better.
The next major revenue source is from advertising, which we will also share with all the members. After all, they’re the reason companies are paying to advertise.
Just imagine if all the members of Facebook and other such websites got to share in the revenue, instead of just getting the service for free.
That’s our concept. It’s better than free. You get the best product available AND you get to make money. And why not? I don’t need a billion dollars like Mark Zuckerburg.
So, I hereby invite all of you to get on board early. Even if you have no desire to learn a language, you may be interested in being a ‘salesperson’ for us. In that case, you don’t need to pay anything, simply sign up as a ‘sales affiliate’ and start spreading the word.
Please leave your thoughts and suggestions in the comments below and I can contact you via email from there.
All the best!!
PS. One very good market potential for people to learn a new language is seniors. It helps stimulate the mind and keep it healthy and it’s a great skill to have when travelling. Pimsleur and others have targeted this aspect but their programs really aren’t very good, especially for seniors. Here’s an example: Pimsleur advert for seniors.