Blue Print: $1 Million Online Business Plan: How To Make Your First $10,00,000 Online Fast?

Blueprint: $1 Million Online Business Plan / Top Tier Online Business Model / Sales Funnels / Traffic Generation / List Building / Traffic Conversion

This is a $1 Million online business plan or a blueprint. This means that in this guide I have exactly shown step by step in a complete detail that how to build your own 7 figure online business from scratch and earn your first $1 Million online? This is by far the fastest way to make your first $1 million online. If you know any other faster way to make $1 million online then contact me and I will give you video modules worth $500.

Here are the 5 Essential elements/skills that you will need to start making your first $1 million online. If you are starting from scratch then start from step 1 below. Don’t miss any of the steps. First of all understand all the steps clearly and then start working on each of these steps.

Step: 1 Top Tier Online Business Model (Ascension Business Model / Upselling & Cross-selling)

Step: 2 Sales Funnel

Step: 3 Traffic Generation

Step: 4 List Building

Step: 5 Traffic Conversion

It is very important to understand here that without finishing the first step there is no meaning of going to step 2. You cannot skip any of the above steps. What most of the people do is – they just keep consuming more and more information. They keep learning lots and lots of new things but they never take any action. The purpose of this plan is that you take the action. You consume this information, learn it and then take action. But well, don’t skil any of its steps.

Step: 1 Top Tier Online Business Model

The first thing you need to start making money online is the right business model. What most of the people do is – they just start looking for ways to make money online and then endup selling $10 Clickbank products or may be $5 paid surveys or something like that. You can make few hundred dollars here and there by doing paid surveys and selling Clickbank products. But its not the right business model. It’s not the business model that can make you a millionaire so don’t waste your time for these type of online money making ways. In the long run, You will realize that you are going nowhere.

When I started my online journey in early 2008, I started a personal finance blog and started monetizing it with the AdSense ads in the hope to get rich one day. That day never came!

Why?

Well, because I did not have the right business model in place to make big profits online. My entire business plan was to make big money from the AdSense. This is a surest way to get failure. More than 98% of the bloggers around the world can never make money online because they don’t have the right business modeil in the place.

So what is the right business model?

Well, The right business model is Top Tier online business model also known as ascension business model or the business model of upselling.

In Layman’s language top tier online business means business of selling high ticket products in the backend having price point more than $2,000. Let me explain you this by an example.

Related: Canadian Blogger Made $2.5 Million With Top Tier Online Business Model

Now, when it comes to making money online, there are really 2 options that you have to make your first million dollars and beyond.

Option #1: You can sell a low ticket product,

i.e. an eBook that pays you for example $10 a piece.

You would need to sell 100,000 eBooks at that price point to make $1 Million dollars.

Option #2: You can sell a high ticket program that pays you $10,000 a piece

You would need to sell only 100 programs at this price point to make your $1 Million dollars.

Related: Success Stories of People Around The World Using Top Tier Online Business Model

Which one do you think is easier, and which would you choose?

Some people think its easier to sell the $10 product simply because its lower priced, and more people will buy it.

In theory this seems true, but not that easy.

To sell big units like that is dam hard, and it takes a lot of work.

It may be easier to go out and get one customer at $10 than it is to get a customer at 10 grand.

But it is NOT easier to get 100,000 of those customers at $10 each…

That’s a lot of work.

Related: Baby Boomers Using Top Tier Online Business Model

On the other hand selling one product worth $10,000 is harder than selling $10 ebook but its not proportionately harder and finding 100 customers around the world via internet who can pay you $10,000 is lot easier and less hard work than finding 100,000 customers who will pay you $10.

Related: Entrepreneurs Who Have Made Over $1 Million Online From Top tier Business Model

Before you go to any of the next steps, First of all you need to understand the entire concept of having the top tier business model in your online business. If you don’t have this business model in your online business then well in the long run you are losing big money. Because someone else who has this business model will make far more money than you in his/her online business over the period of time.

Step: 2 Sales Funnel

Once you understand the concept and importance of top tier online business model, The second thing you will need to make your first $1 Million online is the sales funnel. I would also call it top tier sales funnel.

Definition of the sales funnel/sales process/buying cycle – what is a sales funnel?

The definition of the sales funnel (also known as a revenue funnel or sales process) refers to the buying process that companies lead customers through when purchasing products. A sales funnel is divided into several steps, which differ depending on the particular sales model. One common sales process is divided into seven phases including:

Awareness Phase
Interest Phase
Evaluation Phase
Decision Phase
Purchase Phase
Reevaluation Phase
Repurchase Phase Via ringdna.com

sales-funnel

Anatomy Of A High Converting Sales Funnel by Chris Record

Excellent Infographic that Chris Record posted on his Facebook today about the Anatomy Of A High Converting Sales Funnel. Via superstarmarketingonline.com

Here is how a million dollar (Top-tier) sales funnel works.

Traffic –> Optin-Page –> Autoresponder (Email List) –> Email Follow-up (Broadcasts) –> Front End product (<$50) –> High Ticket Backend Products (Price above $2,000).

You send traffic to your optin page and build the email list. Later on you followup your email list with the email folloup series and sell your front end product also known as Tripwire product having price less than $50. Your goal to sell low priced front end product (Tripwire) is not to make profits but to acquire the customer only and start building a relationship with him so that later on you can sell them high ticket backend products and make bigger profits on it.

What Is The Trip Wire?

The Trip Wire is an irresistible, super low risk paid offer that gets you more customers on the front end. And, it’s probably the most important step in your sales funnel because its the most underdone. 

Traditionally, marketers would use a lead magnet (a compelling free offer in exchange for customer contact information) to gain leads, then convert them to customers on the back end. What makes the Trip Wire so sexy is that it has the potential to not only turn your leads or prospects into customers upfront (it’s not much use having a massive list if it’s full of leads that won’t covert) but, it also allows you to break even on your traffic, because you are converting them to dollars upfront.

The Trip Wire needs to be an irresistible offer. It needs to be quality. You need to give your customers something that’s of value to them. It needs to make them feel like an idiot if they don’t take up the offer and ideally it should scare you to offer it.

How it Works
How to Test it Quickly
The Secret Sauce
The Key to Scaling
He or she who acquires the most customers, wins… Via collective.com.au

5 Ways To Master Tripwire Marketing

There is a popular term being used by marketers lately online called “tripwire marketing”. It is actually a concept that has been around for a long time (even before the internet). It involves segmenting your leads into interest groups, selling them into a low priced item and then up-selling those who buy into one of your main products or services.

The idea is that once people have bought even an inexpensive item from you, they are more likely to purchase something else. Why? Veteran online marketer Frank Kern explains it well when he says that with a free offer, people will often be suspicious and wonder “what is the catch?”, whereas with a low-cost offer it tends to convert better because it helps to alleviate that suspicion.

Here are 5 Ways to Master Tripwire Marketing:
1. Start with a lead magnet
2. Create your tripwire
3. Introduce your tripwire to prospects on your list
4. Introduce buyers to your core product
5. Rinse and Repeat
Here’s a little tip: Via autopilotyourbusiness.com

In summary, What you need to make your first million dollars online is a sales funnel. Precisely speaking a top tier sales funnel in which there is a list building system, low priced ($1-$50) front-end product (Tripwire) to acquire the customers and building a relationship with them and high ticket backend products (More than $2,000 price). 

Most of the people don’t have fully established sales funnel in place. And that is the reason why they never make real profits online. Selling $10 ebooks or $45 online is not going to make you a millionaire if you are not selling your existing customers the high priced backend products (Upselling or Ascension Business Model). Most of the people in this world lack this basic fundamental understanding of the sales funnels that prevents them to make a million dollars online.

Click Here to Know More About a Million Dollar Sales Funnel >>

Click Here to Get Your Own Readymade Done For You Million Dollar Sales Funnel >>

Step: 3 Traffic Generation

Before you further read, I again suggest you to read and understand first two steps. This is because without understanding the concept of top tier business model, its worthless to take any knowledge about generating traffic. Because you are not going to be a millionaire if you don’t have top tier business model. So its very important that you first of all understand the concept of top tier business model.

Let me explain you this by the example.

Suppose you spend $5000 for buying a traffic for your online business. Now, the current market price is $1 per click (Visitor). So $5000 will be able to buy you 5000 clicks (visitors) traffic. Now, imagine that you send 5000 clicks (visitors) to your squeeze page and your optin rate is 30 percent. So you will build the email list of 1500 leads right?

Now, let’s say 2% of your 1500 leads will buy $10,000 price high ticket product. So this means that 30 people will purchase $10,000 price tag product you are selling. So this will be $300,000 Revenue. 2% Conversion rate is industry’s standard conservative conversion rate and its really possible to achieve this conversion rate with high quality traffic and effective traffic conversion methods. 2% conversion rate means for every 50 leads in your email list, 1 person will buy your product. So for every 100 leads, 2 people will make the purchase.

So,

1% Conversion Rate = 15 Sales of $10,000 = $150,000

2% Conversion Rate = 30 Sales of $10,000 = $300,000

5% Conversion Rate = 75 Sales of $10,000 = $750,000 &

10% Conversion Rate = 150 Sales of $10,000 = $15,00,000 (That’s $1.5 Million!)

So for $5,000 traffic spending you will earn anywhere between $150,000 to $1.5 Million!

Now, let’s imagine that you are making $5,000 per every single sale and not $10,000. In that case,

1% Conversion Rate = 15 Sales of $5,000 = $75,000

2% Conversion Rate = 30 Sales of $5,000 = $150,000

5% Conversion Rate = 75 Sales of $5,000 = $375,000

10% Conversion Rate = 150 Sales of $5,000 = $750,000 (More Than Half a Million!)

So for $5,000 traffic spending you will earn anywhere between $75,000 to $750,000!

Now, let’s imagine that you are making $1000 per every single sale. In that case,

1% Conversion Rate = 15 Sales of $1,000 = $15,000

2% Conversion Rate = 30 Sales of $1,000 = $30,000

5% Conversion Rate = 75 Sales of 1,000 = $75,000

10% Conversion Rate = 150 Sales of $1,000 = $150,000 (6 Figure !)

So for $5,000 traffic spending you will earn anywhere between $15,000 to $150,000!

This means that having top tier online business model and selling high ticket products can make you a millionaire very fast. You cannot become a millionaire by earning $10 commissions on selling low priced Clickbank products or other low priced products.

Let’s calculate this.

1% Conversion Rate = 15 Sales of $10 = $150 ($4,850 Loss on Traffic!)

2% Conversion Rate = 30 Sales of $10 = $300 ($4,700 Loss on Traffic!)

5% Conversion Rate = 75 Sales of 10 = $750 ($4,250 Loss on Traffic!)

10% Conversion Rate = 150 Sales of $10 = $1500 ($3,500 Loss on Traffic!)

The above calculation shows that selling low ticket products is not the economically viable online business model. The traffic is not cheap in this world. And if your business plan to make money online is to sell low ticket products then it’s never going to be a viable online business model.

Once you have a top tier business model and a sales funnel in place, click the link below to learn more about various traffic generation strategies.

Click Here to Learn About Various Traffic Generation Strategies >>

Click Here to Acquire the Done For You Top Tier Online Business Model NOW >>

Step: 4 List Building

List building is the one part of the entire sales funnel and the top tier business model. See the infographic of the sales funnel in the step 2. You send traffic to your squeeze page. And collect the email addresses of your targeted audience. This process is known as list building.

What is a Squeeze Page?

wordstream.com

A squeeze page is a landing page designed to capture opt-in email addresses from potential subscribers. The goal of a squeeze page is to convince, cajole, or otherwise ”squeeze” a visitor into providing one of their most sought-after and coveted pieces of personal data: the email address. As its name suggests, there is an element of intentional yet subtle forcefulness involved in a squeeze page. Via wordstream.com

 Now, the basic question is that why should you build your email list?

Well, the answer is – To do the Email Marketing.

Now, Why You should do Email Marketing?

Why Email Still Matters?

Think about it:
Email is the most direct way to reach audiences 1:1
People keep their email addresses for years
An email address can tell you whether a user is at work or at home
Emails let you connect with users no matter what device they’re using
People use their email addresses to create accounts all over the web (like Pinterest, Facebook, Twitter, and even your website)
Email can help you kickstart your company’s lead nurturing flow Via quicksprout.com

Your email list is your customer base to whom you send the valuable content and build a positive relationship with them and later on sell them your first front end product of low price and turn them into customers from leads. Once you turn them your customers, You can start offering them your high ticket backend products on which you can make big profits. If you never build your list, You can never be the millionaire online. So after having the top tier online business model in place the next important skill you need to acquire is the list building (And of course traffic generation).

Click Here to Learn In-Depth About List Building & Email Marketing >>

Click Here to Get Your Own Done For You Million Dollar Sales Funnel >>

Step: 5 Traffic Conversion

Once you have a top tier business model in place and a million dollar sales funnel with front end products and backend products line, all you need is a traffic right? The more traffic will make you rich… Right?

This is what every single person out there will tell you. But very few people will tell you that It’s all about conversions. With the right methods, You can increase the conversions of your traffic and literally increase your profits.

Here is a simple example of it.

Suppose you have spend $5,000 on traffic and bought 5000 visitors (Clicks). Now you have send this traffic to your email list and build the email list of 1500 leads at the rate of 30% optin rate. Now, you are selling $10,000 high ticket backend product to your list.

1% Conversion Rate = 15 Sales of $10,000 = $150,000

2% Conversion Rate = 30 Sales of $10,000 = $300,000

5% Conversion Rate = 75 Sales of $10,000 = $750,000 &

10% Conversion Rate = 150 Sales of $10,000 = $15,00,000 (That’s $1.5 Million!)

You can see that increasing the conversions from just 1% to 5% can literally increase your revenue from $150K to $750K and by increasing it to 10%, you can be the internet millionaire.

So once you have a top tier business model, sales funnel, traffic generation skill and list building skill – Now its time to master the skill of traffic conversion. There are many methods to master the art of traffic conversion.

Related: How To Use Webinars To Increase High Ticket Products Conversions?

Again, don’t jump to learn this skill before having the right top tier online business model and a sales funnel in place.

Click Here to Learn More About Traffic Conversion Methods >>

Click Here to Get Ready Made Top Tier Online Business Model & a Sales Funnel >>

In Summary, To make your first $1 Million online fast you need the above five things. The first two things you require are top tier online business model and a million dollar sales funnel. Top tier business model means a business of selling high ticket products while a million dollar sales funnel has low priced front end product (Tripwire) and high ticket (More than $2000 price) backend products. Once you have these two things, Now you need is following 3 skills.

  1. Traffic Generation
  2. List Building
  3. Traffic Conversion

Most of the people struggle to make big money online because they skip first two steps and directly jump on to learn list building, traffic generation and traffic conversion skills. They learn these skills first and then go to sell low priced products ($10-$99) from Clickbank or similar affiliate networks in the hope to get rich from the internet. But this doesn’t make them rich.

On the other hand smart people first of all acquire the right top tier online business model and a sales funnel first and then start learning traffic and list building skills. And these are the people who make the fortunes online.

You don’t need to create your own high ticket products line, top tier online business model and a million dollar sales funnel from scratch. There is a smart way to acquire top tier business model and a million dollar sales funnel right away and cut short all the hard work, efforts and pain to create them from scratch.

And that smart way is – Buy the Franchisee License rights of already established and proven top tier online business model and a sales funnel. I can suggest you one such top tier online business model. You can buy its franchisee license rights and use this top tier online business model, high ticket backend products and a sales funnel as if its your own. Once you acquire the franchisee license rights of this top tier business model, you can then directly jump on to develop rest of the skills (Traffic, List building & Conversions).

Click Here to Buy Franchisee License Rights of a Top Tier Online Business Model >>