Millionaire Entrepreneur Forum - View Single Post - $3,000 to $1,000,000 in 15 months: HOW TO DO IT

PhxMJ · Sep 14th, 2007, 12:40 PM

Here is how I would do it.

Since $3K is not a lot of dough and it must churn to $1m, our scope of options is limited.
Our business must be internet based since inherently, we must reach and impact A LOT of people with our product/service.
Our business must use FREE, open source software in our site development with the our capital allocated toward custom applications.
Our marketing must have a solid affiliate program with decent compensation to encourage affiliate marketers to participate.
Our product/service must have "sizzle" or a marketing "hook" that is newsworthy. Can be something entirely new, or a new spin on something old.
Our product must go viral through the use of home grown videos that can be uploaded to video sharing sites.
Use of social networking sites like MySpace / Facebook to promote and go viral.
Use of press releases to promote the sizzle.
Our product/service must have a easy to remember domain name that can be rehashed and vocalized quickly and easily.
Our website must incorporate upsells and/or other affiliate programs to monetize the site traffic - most popular being Google Adsense.
The final piece -- finding that product or service that fills a need, or fills an old need, better. Clever marketing (like the pet rock) can take you places and even get you to your goal of $1mm, but its longevity is finite.

There's a guy that started selling vodka -- his hook was "new colorful packaging" -- it was a new spin on something stale and old. All of the techniques above are capable of generating great traffic, without spending a dime on CPC or Banner advertising.

Sep 14th, 2007, 12:40 PM	#17 (permalink)
PhxMJ Level: Vince from Shamwow Joined: Jul 2007 Locale: Phoenix, AZ Posts: 3,751 Thanks: 228 Thanked 341 Times in 193 Posts	Re: $3,000 to $1,000,000 in 15 months: HOW TO DO IT Here is how I would do it. Since $3K is not a lot of dough and it must churn to $1m, our scope of options is limited. Our business must be internet based since inherently, we must reach and impact A LOT of people with our product/service. Our business must use FREE, open source software in our site development with the our capital allocated toward custom applications. Our marketing must have a solid affiliate program with decent compensation to encourage affiliate marketers to participate. Our product/service must have "sizzle" or a marketing "hook" that is newsworthy. Can be something entirely new, or a new spin on something old. Our product must go viral through the use of home grown videos that can be uploaded to video sharing sites. Use of social networking sites like MySpace / Facebook to promote and go viral. Use of press releases to promote the sizzle. Our product/service must have a easy to remember domain name that can be rehashed and vocalized quickly and easily. Our website must incorporate upsells and/or other affiliate programs to monetize the site traffic - most popular being Google Adsense. The final piece -- finding that product or service that fills a need, or fills an old need, better. Clever marketing (like the pet rock) can take you places and even get you to your goal of $1mm, but its longevity is finite. There's a guy that started selling vodka -- his hook was "new colorful packaging" -- it was a new spin on something stale and old. All of the techniques above are capable of generating great traffic, without spending a dime on CPC or Banner advertising.