Introduction to Outsourcing And Virtual Assistant Companies And Services
Outsourcing of some of the repetitive, time consuming and highly skilled tasks required for a successful online business can be a massive aid to the website owner and entrepreneur with limited time and tight deadlines to meet, provided that you specify everything which you need correctly and concisely, and are tight regarding allocated budgets, so as to avoid wasting time and money.
What Do You Need From Outsourcing?
An entrepreneur or website owner can decide to outsource almost anything from his task list, but you need to decide what exactly you want to get done by someone else and why that is.
Repetitive Tasks Which Are Time Consuming
There are a miriad of repetitive and time consuming tasks which the online entrepreneur needs to get done. Ideally you carry them out yourself in order to save money expended, but your time may have a higher value carrying out more productive tasks, from which you can get a better Return On Investment.
Virtual Assistant Companies
One of the biggest investments a company can make in Outsourcing is to hire a Virtual Assistant.
There are many potential Virtual Assistant companies who offer such services. One such company is 123employee.com, but there are many others in the marketplace also.
We do have some imited experience of working with 123Employee.com but it was not a fruitful relationship and did not progress beyond the start up phase. From our side the relationship was not satisfactory.
One of the problems with hiring a Virtual Assistant is that you must precisely describe everything which you expect that employee to carry out, and in which priorities. This means that you must instruct them to do training on the particular software packages which you use, and allow them time to carry out the training as well, before they can productively use it.
Our particular initiative revolved around getting some feedback from the outsourcing company, which was not forthcoming, so we decided to cancel the arrangement before any more time and money was lost.
No matter what your VA carries out on your behalf, you are obliged to pay for their time. This may work out ok if you have a relationship with your VA and they are responsive to your needs. On the other hand, do you really know what your VA has been doing all day, when you are several thousand miles away in another continent.
Our conclusion is that you would be better served hiring a real assistant rather than a Virtual Assistant, and you can then personally instruct them and personally communicate with them about what results they have achieved. If necessary you can personally modify instructions to the Real Assistant. This applies even if the hourly cost of a Real Assistant is higher in theory than that of a Virtual Assistant. It is not about hourly cost, it is about real cost and efficiency ie real value, not virtual value.
Even if the cost of hiring an Assistant in your home country is higher than it may be in a low cost country such as India or The Phillipines, we urge you to strongly consider paying the higher cost as better communication and control could give you a higher value return on your investment.
Other Services Which Can Be Outsourced are the highly skilled and specialised ones for which you may need special software and a higher level of expertise than many people possess:
Logo Design and Preparation
There are many many companies on the internet who can offer logo design services, with a wide range of price structures.
One of the sources of Logo design is Fiverr.com
We have used Fiverr.com for logo design services, and chose one of a number of competing logo designers. The logo was delivered within the agreed timescale and was of adequate quality. We paid approximately $12 for the logo, plus a tip, which is an unusual feature of Fiverr.com, which we have not come across on other similar websites.
Freelancer.com is another website where you can commission many different types of service. Note the price of a mobile website is quoted in bottom right hand corner. Projects can be advertized for pricing alternatively specialist resource can be hired by the hour.
Guru.com is another outsourcing site similar to the two above, which says it has 3 million experts at your disposal.
www.Iwriter.com is another outsourcing site, more geared towards content creation, writing articles. posts and pages, rather than design.
Upwork.com is another large scale general outsourcing service site, with many specialists available.
OMS Conclusion and Recommendation
We conclude that you need to categorise the tasks which you want to procure from Virtual Assistant Companies.
The first category of tasks is those which are repetitive and time consuming and which can be outsourced and delegated to a cheaper resource.
Our recommendation would be to think very carefully before entering into a contract for Virtual Assistant services. A local assistant may be a better and more efficient arrangement.
You may be better served by hiring an assistant locally rather than employing someone remotely who you do not have first hand visibility of, and have difficulty managing and controlling.
The second category of tasks which may be delegated are usually those which are highly specialised and involve skilled work, for which there are many expert specialists whose services you can buy at very reasonable rates. You can get such expert services from companies like:
OMS recommends using such companies because you can get real value for money from buying from the right specialist for the job you need done.
If you are short of money to buy in such services, you could consider signing up to Wealthy Affiliate, which offers a massive amount of FREE training, as well as preparing and hosting 2 websites even if you decide not to join as a Premium Member, for more information click here.
Introduction – Multiple Streams of Passive Income – Digital Nomads
Recently we attended an event organised by Andrew Reynolds under the banner Digital Nomads, at Excel in East London, for the many people who are interested in making multiple streams of passive income, and who want the Laptop lifestyle, to be able to work minimally from anywhere in the world, whilst enjoying a luxury lifestyle.
Laptop Lifestyle – work from anywhere in the world
We have followed Andrew Reynolds for about 18 months now and he is an experienced and expert marketer of high quality and high value educational software and training products. His latest successful product offering is Video On Demand.
He also organizes seminar type events at which he arranges presentations by well known and successful entrepreneurs.
Last year there was a similar event which was held over a 3 day weekend in June at Excel in East London.
This year the event was labelled Digital Nomads, because it portrayed that is is possible to have a nomadic lifestyle travelling the world and running your businesses from a laptop wherever you are in the world enjoying your wealthy lifestyle, as a result of Multiple Streams Of Passive Income.
Andrew suggested that delegates approach planning for their passive income streams using a Hub and Spoke type approach where each spoke of the wheel was a separate source of income, and during the course of the event several types of passive income stream business were presented. The suggestion being that you choose one or more of these options as your preferred source of passive income, and supplement it with more of these alternative options, so that you are never totally reliant on one source of income which could at some point in time dry up.
What Andrew Reynolds presented was several speakers who were each experts in their own fields and highly successful businessmen, from a variety of different types of moneymaking business, many of whom described how it was possible to make multiple streams of passive income, and recounting their own systems and experience of success.
Steven And Darren Essa The X10 Effect, Money On Demand
Steven and Darren Essa are specialists in producing and presenting webinars which can be put on Youtube or used for skype or Zoom type webinars. Their view is that Video and Audio are more successful and effective means of communication than written words. Steven is also a highly successful public speaker in his own field of expertise. Darren prefers to stay in the background, although he owns 50% of the business.
They have produced proprietory software for webinar automation, called Webinator Software.
He is an author of a best selling book called Money On Demand.
Steven Essa offers training of his webinar presentation methods and software, which includes a set of 8 Money On Demand training modules, a Facebook Ads Blueprint and Social Media 360 Home Study Course, plus Ready Made Webinars, Plus Phone and Email Support to subscribers as well as a Private Facebook Group, and a 2 day Money On demand Workshop. All notionally valued around 40,000GBP for a one of event price of 1500GBP, or split over 3 months 497GBP deposit then 2 x monthly payments of 597GBP.
Click here to read our full review of Steven and Darren Essa´s Video On Demand, X10 Effect.
Darren Winters – The Wealth Trading Company
Darren Winters has spent a lot of his own time and money being mentored by the best share trading experts in the world. He has made many millions from his expertise, and offers training courses to share his knowledge.
He has intimate knowledge of the stock markets and trends during economic cycles, and the relevent stages for share trading, and the best type of stocks to invest in at each stage of the cycle, which are:
Early Capital Goods phase
Middle Expansion phase
Late Expansion phase
Early Contraction phase
Late Contraction phase
Darren also advises on Trading Psychology, and Trading Emotions.
He proposes leveraging the power of Compound Returns consistently.
The cost of Darren´s Wealth Training course is 2000GBP, and for those committing at the event he gave a lot of valuable bonuses.
Click here to read our full review of Darren Winter´s Wealth Trading Program
Sean Allison – Cash Flow Options Trading Program
Sean Allison is a specialist Options Trader and keen golfer.
He offers Professional Options Trading Education Program consisting of 9 modules:
Module 1 – The Fundation of Income Trading Success
Module 2 – Key Concepts to Generate Income
Module 3 – Sean´s Basic Cheat Sheet
Module 4 – The Key Set Up For Charting Success
Module 5 – Understanding Put Options
Module 6 – Understanding Call Options
Module 7 – The Call Spread Strategy
Module 8 – The Put Spread Strategy
Module 9 – Mastering Trading Psychology
In addition to the above educational modules valued at 9000GBP, Sean offers 6 x 1 hour skype sessions valued at 1500GBP and 12 months unlimited email access valued at 2000GBP.
Sean offered the following bonuses as well to attendees at the Digital Nomads Event:
How To Open Your Trading Account valued at 500GBP.
The Crash Strategy valued at 3000GBP.
Options Trading Program 2 Day Workshop Training valued at 6000GBP.
Elite Squeeze Strategy valued at 2000GBP.
Plus Lifetime Access to Sean´s Ultimate Trading Diary valued at 1300GBP.
The total value of the offer package was 25, 250GBP.
The Special One Off Digital Nomads Event cost of Sean allison´s Options Trading Program is 1500 GBP or 1590 GBP split over 2 monthly payments of 795 GBP each month.
Click here to read our full review of Sean Allison´s Cash Flow Options Trading Program.
Simon Coulson´s Internet Business Videos And Internet Business School
Simon Coulson has made a great success of internet marketing using ebooks on a themed basis, such as property guides to Bulgaria, and other central European countries and made many millions of pounds from his methods.
Simon now teaches his methods and charges 1500GBP for a training and mentoring course of 3days.
Simon describes his simple 3 step system, as follows:
1) Something to sell – A Product or a Service
2) Website – should be good quality, better than competitors, sales funnels, upsells, offers.
3) Traffic – The Most Important Thing.
Click here to read our full review of Simon Coulson´s Internet Business Videos And Internet Business School.
Pat Mesiti – Pathway to Prosperity – 12 Steps to Financial Freedom
Pat Mesiti is a Mentor and Lifestyle coach with a powerful and personable character. he offers mentoring and training courses with him personally. Pat is acquainted with many famous and successful personalities including Arnold Schwarzeneger.
Pat´s Pathway to Prosperity is a 3 day event valued at 1500GBP, or 3 x payments of 597GBP per month.
Within the currculum Pat promises to cover:
The 12 Irrefutable Laws of money
The 8 Vital Associations for Wealth
How to Set Your Money Goals
The 12 Steps to Financial Recovery and Acceleration
How to Develop a Financial Pathway to Freedom
How to Change Your Money Story and Financial Directions
Also you will receive:
The Wealth Mastery Program, which is an extensive collection of mindset training, with inspirational life training presented by Pat Mesiti and guests. This is a Home study program.
Click here to read our full review of Pat Mesiti – Pathway to Prosperity – 12 Steps to Financial Freedom
Paul O´Mahoney – ReThink Social Media
Paul O´Mahoney is a specialist in Social Media, who has become very succesful through his use of webinars and social media endorsement producing viral traffic growth.
Paul O´Mahoney Facebook
He is an author of a book called ¨ReThink Social Media – Stop Wasting Time. Start Earning Money¨.
Paul offers training courses in the Social Media methods which he uses and the cost is 2000GBP for a x week course which includes his personal support and mentoring.
Paul has a 4 step strategy:
1) Find a Niche
2) Social Media – find audience, Marketing
3) Free Gift + Opt In Page to build an email list – your database of contacts, customers.
4) Email marketing
In addition for success you will need targetted traffic, a database (email list) AutoResponder, Ongoing Support
Paul offers a total package value of 32,950GBP for an event Special Offer price of 2000GBP, or 3 payments of 795GBP.
Click here to read our full review of Paul O´Mahoney – ReThink Social Media.
Tom Hua – PRIMO3
Tom Hua is a top flight internet marketer and has had great success with his own Affiliate Marketing business, being a previous winner of ClickBank Resellers Viral Marketing Award.
PRIMO stands for Passive, Residual, Income, Machine Online.
PRIMO3 – Ecourse Capital Ebooks And Ecourses
The PRIMO system offers Affiliates the ability to use all of Tom Hua´s existing ebook and ecourse products, either sell them as they are or to adapt them to your own purpose and sell them as your own. Go here to see OMS Review of PRIMO3.
Tom´s system comprises the following basic elements:
1) Product or Service
3) Traffic (visitors = customers)
Products can be:
1.1 Afiliate Programs eg Clickbank, offer instant start, but no control. Preferable to spend money on high ticket items for higher commission.
The cost of the software is $1997pa, which was discounted for the Digital Nomads event.
Kevin Green – Property Developer/Social Entrepreneur
Kevin Green is one of the wealthiest people in the United Kingdom. He specialises in purchasing properties where the owners have defaulted on their mortgages or loans. He offers a deal to take on the liabilities, acquire the property, develop it and sell it on. He does so in cycles of three properties, so that he keeps appreciating assets as well as trades and sells on properties for cash flow for his business.
His business model is to buy properties at 50% Below Market Value, selling at 20% Below Market Value.
He also uses a unique model of financing the purchases of properties, which is a sort of crowd funding approach.
Systemization is the key to Kevin Green´s approach and success.
Kevin Green claims that the returns from such property investment is very large, and has enabled him to buy gold and silver bullion and to trade in jewels from Indonesia and Malaysia.
He claims to sublet and delegate most of the work to his team of specialists who deal with the technical processes involved in acquisition of the properties, settlement of debts, and development activities.
Kevin Green offers training courses which teach the methods which he uses and are always popular, costing 3000GBP per person for a 3 day course.
Andrew Reynolds – Digital Company Set Up Offer
Andrew Reynolds made an unusual and extremely generous offer upon the announcement of his retirement after working for 21 years building his businesses.
To all attendees of the Digital Nomads workshop, as a one offer retirement offer, Andrew Reynolds offered to set up a company for each attendee of the workshop, Additionally he offered to give to each attendee the Private Label Rights to all of his electronic products, and show each attendee the software which he uses to run and operate his company.
This is an incredible offer, and Andrew Reynolds fulfilled this at the event from 29th June to 1st July 2018.
Additionally Andrew Reynolds offered a free traffic workshop which was held on 15th July which demonstrated successful traffic generation methods as practiced by an expert in that field.
Andrew Reynolds gave every person who attended his Digital Nomads conference the opportunity to start off their own multiple stream of passive income.
OMS Conclusion And Recommendation
We have not yet tried all of the above products, but have provided you with links to those which we have reviewed.
If you have tried or used any of the above products, and wish to share your review, we would be pleased to receive it.
On the whole we think that the products presented by Andrew Reynolds are high quality and in general presented excellent value for money, as many of them were heavily discounted for the Digital Nomads event only.
If you want to check out FREE online marketing training in order to build yourself a business online, then check out our review of the Amazing Wealthy Affiliate here.
There are many ways in which to create multiple streams of income from your businesses. The following are some passive streams of income ideas:
Traditional Business (Bricks and Mortar physical premises)
Internet Businesses can do all their business online or they could be hybrids with traditional businesses. Many of the traditional retailers are offering more online services since the purchasing trend of consumers is more towards ordering online for home delivery.
The best example of the success of the pure online retailer (with no physical store) is, of course, Amazon, which is growing and plans to enter into market areas which are more associated with the High Street, such as property sales.
Companies such as John Lewis or any of the major retailers have to offer online as an option to their customers, as well as keeping their high street stores open (at great cost). BHS was a casualty of which there have been many on the High Street
Traditional Businesses can also be quite varied and many traditional businesses have online departments as well, so as to offer their customers choices about how and when they can purchase the products which they want. Examples would be Currys PC World, who have physical premises as well as good online ordering and delivery systems for the products which they sell. They also offer installation of some products as well, so are more like a supply and install contractor in some circumstances.
Traditional businesses which have not adapted to the new way of doing business online have suffered and in some cases gone out of business, for example, House of Fraser.
So in terms of passive income, the only role in which you could expect to receive a good return would be as an investor, but the risks for such traditional businesses are high with increased competition in the marketplace.
Return On Investment
So how to reduce the risk?
Franchises are a business model with less risk than a completely new startup because the model has already been created and proven to be successful. A drawback is that to purchase the proven model and reduce your risk will cost you money paid to the franchisee. MacDonald’s franchises are expensive and you will not see a return on your investment for several years, depending on the location of the business and the level of trading. Some franchises can be run from home and do not necessarily need premises, but you need to carefully check out what you are actually buying with the franchise system which you have chosen.
Remember that for any business to work, you need customers, so no matter how much you spend on the franchise, how will you get sales? From where do you get customers? How to convert prospects into sales? How much effort will that take, ie how much of your time will you need to spend on this? Is this really passive income? Is it what I want to do?
Within the InvestmentBusiness category we would include:
Stocks and Shares and Options Trading (including commodities)
Each one of the above categories needs a much more detailed explanation so as to see which one or more may suit your particular circumstances and financial capability.
Here are a few passive streams of income ideas which relate to Internet Business
Sale of Digital Products For Which You Own the Private Reselling Rights
Some of them relate to the selling of digital or educational products, either your own or selling e-products produced by others, under Private Reselling Rights.
An example of a system selling digital products is PRIMO3. If you want to see the OMS review of PRIMO3 then go here.
The main other ways of generating passive income online are listed below:
Affiliate Marketing can produce good passive income streams from different websites selling other people´s products or services. Affiliate marketers usually specialize in a particular niche or niches.
Goods can be sold on Amazon, Etsy, eBay, or Shopify, which are the most popular online stores.
Products can be sourced from such marketplaces as ClickBank, Commission Junction, JV Zoo.
Often Affiliate Marketers use their own website and blogs to write reviews of products with links to those products and similar ones, from which they can earn a commission on each sale.
OMS has done a review of several affiliate marketing systems including Wealthy Affiliate, which is one system which we highly recommend. However, WA is not a get rich quick system, and in order to arrive at a position where you will receive passive income from the websites which you develop, you will have to invest a large amount of time.
If you want to see our review of Wealthy Affiliate, go here.
Small value sales will give relatively small value commissions, but high ticket sales can also produce high-level commissions. Once buyers trust a seller then they can be offered Up-sells which generate higher returns and profitability. You need to decide on your marketing strategy of what products or services to sell, and how to market such products.
Sale of Own Products Online
Some retailers have their own range of products which they produce or source and then sell to customers online. Sometimes these are traditional retailers who also have high street stores, but also offer online shopping to remain competitive with full online retailers. Examples of online sellers with retail high street presence would be John Lewis, Next, Selfridges or Harrods.
Drop shipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers the customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer. As in retail business, the majority of retailers make their profit on the difference between the wholesale and retail price, but some retailers earn an agreed percentage of the sales in commission, paid by the wholesaler to the retailer.
Drop shipping involves a Vendor selling products online, which orders are fulfilled by another company.
The seller only orders the product once he has received payment from the customer. The seller places the order with the drop shipping fulfilment company at a lower price, in order to make his margin.
The seller has to keep no stock or inventory, nor premises, so there are big overhead savings over a traditional business.
The dropshipping fulfilment company sends the product to the customer by airmail for quick delivery, or train or sea shipment. Sometimes these dropshipping fulfilment companies are based in China, but they could equally be based in any country including the USA. Examples of Chinese drop shipping companies are Alibaba or AliExpress.
OMS has reviewed a couple of drop shipping companies which are based on the Shopify platform.
If you want to look at the OMS review of ZeroUP, go here.
An example of a USA based drop shipping company would be TREX or Slingly, although there are many other systems out there.
If you want to look at the OMS review of TREX, go here.
If you want to look at the OMS review of Slingly, go here.
MLM involves selling of products at different levels within a system or programme. An example of such a system would be The 4%, which OMS, has not yet reviewed.
In most circumstances, OMS would NOT recommend that you invest in an MLM business.
However, there are a few exceptions which we will advise on shortly once we have fully explored and tested them.
Share And OptionTrading
Additionally, there are other forms of business which rely on trading, such as the buying and selling of shares and options.
These systems can be used so as to generate relatively good levels of passive income. It is claimed to be able to start with relatively low levels of capital, although we have yet to fully try this out.
An example of a Share Trading System is Share And Options TradingEducation from Sean Allison. For the OMS review of How To Open Your Trading account With Professional Options Trading Education Program using Sean Allison´s training system click here.
For the OMS review of The Wealth Trading Company, from Darren Winters click here.
Another means of achieving passive income is from trading in Cryptocurrency. There are a number of groups specializing in the buying and selling of cryptocurrency, such as Keys To Freedom.
We will shortly be publishing our OMS review of Keys To Freedom.
Property Investment And Development
Property is a massive subject for consideration in relation to Passive Streams Of Incomeideas but does usually demand that you have at least a proportion of the capital available to invest in the development which you are interested in. The Rule Of Thumb is that you need approximately 20% of the development cost, whether you are managing a large development or investing in property on a small scale.
We are aware that some people claim it is possible to use entirely other people´s money, but we are quite sceptical about the effectiveness and risks of such a strategy.
Your role in the Development process could be as:
Owner (of the site and the eventual development), which could be Freehold or leasehold for a fixed term of years.
Investor (in all or part of the development).
Some investors purchase only Freeholds of properties and do not
There are numerous franchises available in the property market, one of which is Platinum Property Partnership. Their financial model is based upon Houses of Multiple Occupation (HMO), and involve identifying properties in certain key locations, which have parking available and also which are near public transport. These properties may also be near such places of intense employment such as factories of large office complexes, Universities, Hospitals etc.
The identified house is purchased at a certain price level, which is factored depending on the anticipated rental income from each individual room available for rental.
The house is then refurbished and extended and upgraded to conform with the required Building Control and Fire Regulations.
Once the refurbishment is complete, the individual rooms are furnished to a suitable high standard and offered to young professionals to whom this standard of accommodation is targeted.
Rental agreements are prepared and signed by the landlord (you) and the tenant, on whom you will have taken up references before agreeing to rent them the room.
Another example of a successful property investor is Kevin Green.
Kevin Green´s success model is based on buying ¨Distressed Sales¨, ie those where the vendor is under some pressure. For example, there may be a charge on the property and the owner may be behind with payments, so is being pressurized by the bank to make all payments, or if the owner is unable to do so promptly the bank may threaten repossession.
Kevin Green specializes in doing deals under such circumstances, then refurbishing or improving the properties and selling them on at a profit.
Property is such a large subject area, we will publish separate reviews about these opportunities in due course.
Conclusion And Recommendation
From all of the passive streams of income ideas which are listed above, it is clear that depending on how closely you wish to be involved in each of the businesses, and in what role, there is potentially a lot of work involved in many of them. They can hardly be described as Passive Income.
So you need to choose carefully the business which suits you best, taking account of the amount of capital which you have available to invest, and also the amount of time which you are personally able to invest.
You need to be aware of how much money and time it will take to develop your business. You need to assess at what stage you will be able to make passive income from the business, and exactly what commitment will be required once that stage of development has been reached.
You also need to look at what options there are in the particular business model which you have chosen for an Exit Strategy. What will you do? Hold the business in perpetuity, and pass it to your heirs, as your legacy? Alternatively, do you plan to build the business up to a certain stage of success, and then sell the business as a going concern, so you bank the proceeds of the sale as your return on the investment which you have made to start and build up the business.
Wealthy Affiliate (WA) is a well proven successful training and online marketing platform which was started in 2005 by Kyle and Carson, who are the owners of the business. It is a comprehensive software system and also a membership community, which includes masses of training and support and enables all its subscribers to make money online writing, or blogging as it is commonly known.
You can even sign up to WA and try this platform out for FREE indefinitely!
This includes preparing and hosting two websites of your very own on WA, it really is an incredible offer!
Why Is Wealthy Affiliate Any Different To Any Of The Other Make Money Online Systems – Is It A Scam
Wealthy Affiliate has been developed and improved over the years and now has more than 1.3 million users and members worldwide. It is a fantastic and supportive community whose members help each other play it forward with regard to training as well as supporting and developing each members business.
So What Does Wealthy Affiliate Give Me?
You can sign up to Wealthy Affiliate in order to try it out, and you can continue to use Wealthy Affiliate for as long as you like for FREE. With this FREE membership, you have the ability to create 2 websites for your personal use, and use all of the system’s capabilities sufficient to develop those websites to be usable on the internet, and these are hosted and maintained by Wealthy Affiliate on the SiteRubix platform.
Wealthy Affiliate gives you the platform, the hosting, the training, support, mentoring and content creation facilities and systems to successfully make money online writing for FREE.
Make Money Online Writing With Wealthy Affiliate
If you decide that you like Wealthy Affiliate, you can sign up for Premium Membership which costs just $49 per month and gives you enhanced facilities and functionality within Wealthy Affiliate. Alternatively, you can sign up for the annual membership which is further discounted.
Wealthy Affiliate Free Membership Functionality
Why Do I Need Wealthy Affiliate to Make Money Online Writing?
Make Money Online Writing With WA
Wealthy Affiliate teaches you how to make money online writing using their step by step training system, which is very comprehensive and supported by text lessons as well as videos. You are required to complete practical exercises at every stage of your own websites, to prove that you have understood each lesson.
If you are not clear about any points you can refer back to the training, or you can refer to a massive database of knowledge which has been built up by subscribers over many years
What Is Different About Wealthy Affiliate Compared With Other Systems and Software?
Shiny Object Syndrome
There are plenty of systems and offers of how to get rich quickly using their respective systems, fondly known as ¨Shiny Objects¨, which are available online.
Many of them involve various levels of UPSELLING, meaning that you subscribe at one level of price, but are quickly induced to spend more money on the next level of SHINY OBJECT SYNDROME so that you can ensure your success to the next higher level.
Some examples of other available training systems and software offers are present here on OMS, see our reviews of the following:
Affiliate Marketing Dude, Marcus Campbell, click here.
We do not recommend either of these systems as being superior in any way to Wealthy Affiliate.
There are too many systems out there to mention, but we have come across nothing which is close to the offer from Wealthy Affiliate.
Wealthy Affiliate costs are clearly transparent from the outset, and you can try it out for as long as you want for FREE.
No other system in the marketplace offers this level of FREE usage for trial! You don´t even need a credit card to sign up!
There is only one level of WA membership other than the FREE membership which provides limited functionality.
So there are NO UPSELLS WITH WA, which is a common feature of much other training and online marketing systems on the marketplace.
Successful WA Members Provide The Training Mentoring and Support for More Junior WA Members
There are many successful Wealthy Affiliate members, whose businesses have grown through the years with WA. These successful members help the more junior and newer members by providing training through videos, mentoring and problem-solving help to all members. There are help and technical support available 24/7 365 days per year.
Who Are These Successful Wealthy Affiliate Members? Why Should I Believe These Success Claims? Is It Just Another Scam?
In the table below are listed the top 13 Wealthy Affiliate Ambassadors, and their Helper, Creator, and Activity rankings, together with their contribution in Ambassador Days
Wealthy Affiliate – Top WA Members & Rankings
OMS Conclusion And Recommendation
We subscribed to Wealthy Affiliate in September 2017, and have been using and trying out the WA system extensively and in-depth since that time.
We have created several websites and either hosted them on Wealthy Affiliate or transferred them into WA. One of the sites is this one where we have written and published more than 50 posts or blogs about online marketing.
The Safety of the Wealthy Affiliate hosted sites is excellent and they are all provided with SSL, so https:// handle.
The training provided within Wealthy Affiliate is excellent and provides for those who wish to make money online writing, using their own Blog Posts, alternatively those who wish to promote membership of WA.
The community support from Wealthy Affiliate is also excellent, 1.4 million members can´t be wrong!
If you would like to try out Wealthy Affiliate for FREE click here.
If you would like to sign up to Wealthy Affiliate Premium Membership click here.
The first step in the cycle is to identify a need for something, a product or a service, which will solve a problem for a purchaser, and save them either time or money, or risk. This is a fundamental step to understanding making money in online business.
making money in online business
The Wealthy Affiliate training on this subject is here:
You need to decide what niche you are in, that is who is your audience, or customers. What demand are you going to try to satisfy?
Some people choose a passion of theirs, such as a hobby or a sport they may be interested in. Whereas other people choose to solve problems such as weight loss for women, or hair loss for either men or women, or both. You need to choose a market segment which is sufficiently narrow that you do not have too much competition. For example, Corgi dogs as a niche, as opposed to the market for dogs as a whole, which would have massive competition. Or maybe fretwork patterns as shown in the image below.
So recognizing the need or problem to be solved within your niche, or by your target audience, you will need to offer solutions to purchasers in order to achieve success for yourself, ie to conclude sales.
There are many sources of products and services which you can access and use (in addition to making or providing your own products and services) in order to make a good offer to solve the problem of your customers. Some of the sources available for affiliate products are as follows:
Fiverr (for services)
Affiliate marketing is a popular low-risk type of business model, where the introducer of the buyer receives a commission from the seller or party who fulfils the order.
There are many models involving drop-shipping where the seller of the product does not fulfil the order themselves. The seller places an order with the drop shipper or fulfilment company who may be in a different country, such as China. Alibaba and Ali Express are well known and successful drop shipping companies with a massive range of products available.
The products which you offer will need to satisfy the demands of purchasers, solve their problems, help them in order to be successful.
Therefore you need to choose carefully which products you choose to offer and from where to source them.
You can create your own products and services to suit your niche.
There are many known facts about the typical behaviour of customers and the processes which they employ prior to making a purchase, either online or offline.
1) Customers rarely buy upon the first contact with a product or a seller.
2) It typically takes seven times contact from the first encounter to concluding a purchase, including the research phase, familiarity and information gathering, comparison then finally purchase from a trusted seller.
3) Purchasers do not buy from sellers they do not trust.
4) Purchasers exchange money for something which they believe will solve a problem for them.
5) Customers have far greater access to information and reviews and feedback about products that has ever been the case before, so they are better-informed purchasers.
6) Customers see through scammy products and will not buy from sellers who offer these.
Consider your own process for identifying and evaluating a product before purchase and imagine that many people will follow similar processes before they decide to purchase a particular product, and then the process for identifying the supplier from whom to purchase the product.
Once you have relevant traffic, you have all the potential in the world to earn money from sales.
You can get traffic from a number of sources:
Social Media – eg Facebook ads,
Pay Per Click
Pay Per Transaction
Ideally, you would want Free Traffic, but that may not be sufficient volume to achieve sales quickly enough.
Therefore many providers pay for Ads and drive traffic to their websites.
Amazon has a massive pool of potential buyers who are primed and ready to buy, so in many ways, it is an ideal marketplace, but on the other hand, there is a massive amount of competition, so prices will tend to be lower.
Customers have a perceived value about what they are prepared to pay for a product, depending on how they like to receive that product. For example, shoes may be preferred to be bought traditionally from High Street stores by some buyers, because they want to ensure the comfort and fit of the shoes.
Other buyers may be quite happy to receive something through the post by ordering online if they think that there is no risk, and they trust the seller. Especially if they have the right to return the goods if they are not satisfied for any reason.
Some customers may be prepared to pay more if they perceive there is added value from certain sellers, for example, no quibble money back guarantee, or servicing and repairs are provided.
OMS Conclusion And Recommendation
Making money in online business is not as straightforward as many people originally anticipated.
There is a complex process of interaction and understanding between the purchaser and the seller. The purchaser has multiple choices at every stage of the transaction, and can easily be put off from buying from you at any stage of the process between introduction (or visit) and eventual purchase.
You need to establish a relationship with your prospective purchaser in order to build trust so that they would eventually buy from you, even if this may take up to seven visits before a purchaser is satisfied and has an intent to purchase from you.
In order to fully understand the Customer Purchase Lifecycle, and how to make money in online business, you may need further training, if you are not already fully aware of the process and all the variables and complex factors which contribute to it.
If you would like to see our review of Wealthy Affiliate then click here.
Wealthy Affiliate can provide you with this training if you need it, and you can sign up for a FREE account to try it out for an unlimited time, click here.
Once you have created a website on your domain, you have a framework and blank canvas upon which you can express your ideas and communicate with your audience of potential customers for your chosen niche, by creating your initial website content.
You have the opportunity to leverage the Site Content platform within Wealthy Affiliate, which will facilitate and make the process of content creation and uploading to your website a very easy process since everything is linked and compatible.
Here is the Website Content Manager training available to Free Members of Wealthy Affiliate (as well as Premium Members of course):
One of the first things which you need to do is to introduce yourself via your website content to your customers, and this is usually done using the About Me Post.
Posts are articles which allow readers to communicate with your website using comments, so they can engage with you and you with them and exchange information.
You can communicate with your readers and customers about your Brand, and what it stands for and why people would benefit from trusting you and purchasing from your Brand.
It´s All About Me
You can choose which theme to use from more than two thousand available if you subscribe to Wealthy Affiliate, and more than sufficient selection of theme options even as a Free Member.
Themes – Choice Of Many
Dependent upon which Theme you choose, you can allocate Menus at Top, Bottom or Side of the screen which enables you to Organize and Structure the Pages and Posts which comprise your content.
Menus – Top, Bottom or Side
The Site Content Platform within Wealthy Affiliate is the Ultimate Writing Platform. It allows the user to carry out the following functions with great ease:
Grammatical and spelling check
Duplicate Content Check
Automated Publishing Direct to your website
Set Writing Goals and Record Accomplishments
Carry out SEO Analysis and Checking
Content Structure Analysis
Allows the Ability to Template Content
Gives Vocabulary Enhancement Suggestions
Standard size Headings and Sub Headings are available
Normal word editing and graphics enhancement such as bold, underline, italics
There are templates available within Wealthy Affiliate Site Content, which you can use, or you can create your own templates as may be required.
Within your content posts and pages, you can allocate links to other documents and sites.
Links – Internal and External
Choosing the correct keywords for Search Engines such as Google, Bing, Yahoo to crawl over to find the most Relevant Content and index and rank is crucial to the success of your website and Wealthy Affiliate explains how to find the right keywords using different methods such as the Alphabet Soup method and using their proprietary JAAXY keyword tool, which is available to Premium Members.
Communication With Your Audience
You can develop your own writing style within your posts in order to effectively communicate and engage with your audience. You need to inform, engage with and communicate with your audience using a friendly style, rather than a formal essay style.
Communicate With Your Audience
Imagery And Graphics
You can enhance the effectiveness of your posts and pages by adding colour graphics, images and photographs to the content so as to make it more visually friendly and attractive to catch the readers eye.
Premium Members of Wealthy Affiliate get access to more than a million images free of charge as part of their membership subscription.
Free Members of Wealthy Affiliate can upload their own images without charge.
Imagery And Graphics
Conclusion And Recommendation
You can use the Wealthy Affiliate Site Content Manager on the WA Platform to easily and quickly develop new content for your website if it is hosted at WA. It is by far the easiest way to complete your own website and establish your own valuable Internet Real Estate.
If you want to see our review of Wealthy Affiliate go here.
If you would like to sign up for a FREE Wealthy Affiliate Account for an unlimited period click here. No credit or debit card required.
When considering choosing a niche for your blog, you need to consider a Niche which you are interested in and which you know about and enjoy writing about. This is because you will need to write content or articles (posts) about the Niche subject which you choose, as an Affiliate Marketer.
Apr 5, 2017 …Choosing the right niche for your blog is critical to its popularity and profitability. In this guide, we’ll share how to find the best niche for your blog …
Choosing a niche for your blog could be almost any subject imaginable, provided that it satisfies the following criteria:
1) It must be a subject which is of interest to people, an audience because these are the potential customers for your product or service.
2) It must be legal.
3) The subject must not be too broad, otherwise, the subject will not be of sufficient focus for your audience, and it will be difficult to promote because the audience is potentially too large, and there is too much competition.
What Is Your Niche?
For example, Health is a subject which is too broad for a niche. There is too big a potential audience size, so we need to narrow things down to Men´s Health, or Women´s Health, or Healthy Diet, or Exercise for Health, which can be again broken down by gender or category, or by country or area.
Here are some examples of Niches which may help you when trying to find inspiration, but this is by no means a completely exhaustive list, it is just for illustration:
Art and Craft
Baby Care and Accessories
Skincare (men and women)
Hair loss (men and women)
Do It Yourself
Exercise and Fitness
Health and Personal Care
Household and Kitchen
Kids Clothing and Accessories
Men’s Clothing and Accessories
Women´s Clothing and Accessories
Sports and sports equipment
Outdoors and Outdoor living
Storage and Organization
Here are some ideas about 21 Businesses To Start On A Shoestring, by Shelley McNeil, a book available from Alpus Academy, if you do not have specific ideas of your own which you would like to develop.
Only you have the knowledge for choosing a niche for your blog, since only you know your own areas of expertise and interest, although there are many considerations about whether a niche will be profitable or not, not least of which is how you will monetise your blog.
Alternatively, if you would like to look at more detailed FREE training about choosing a Niche to suit you, then go to the following website and sign up (no credit card is required, and you can unsubscribe at any time): Wealthy Affiliate.com
Another option, if you have difficulty choosing a niche for your blog, is to consider promoting Wealthy Affiliate, and many WA Affiliates make a very good income from just doing that!
Specific Niche training is at the following link(no cost once you register for FREE membership:
Mar 28, 2018 … You’ve found a product and created your online store. Now, what? Once you’re up and running, it’s time to start driving traffic to your store and …
Driving of traffic can be as a result of any of the following methods:
1. Organic growth
2. Paid Advertisements such as Solo Ads.
Driving Traffic To Your Website
3. Pay Per Click Advertisements.
4. Facebook Advertisements (or other Social Media Advertising).
5.Youtube Videos to generate interest in your website.
6. Other Social Media advertizements eg Pinterest.
7. Google Ads, or equivalent Yahoo or Bing.
4. You need to Monetise your Website
Monetisation this could be by:
1. Selling your own products (which you source and store, pack ship and deliver).
2. Selling someone else´s products, drop-shipping, with fulfilment by another company, possibly from China such as Alibaba or AliExpress.
3. Selling Affiliate Products (someone else is responsible for fulfilment), for which you receive a commission on each sale.
4. Selling educational services, such as videos or ebooks, webinars etc.
Monetize your website
Market Research is the starting point for any Niche Advertising Campaign.
Customer Market Research is needed in order to ascertain what prospective purchasers are looking for, what they need, what problem they need to solve, and what they want to buy. This can be done using Social Media, especially on Facebook to interact with prospective customers. Virtual audiences created by selecting criteria such as gender, age group, occupation, interests.
Sometimes the Customer Market Reseach can be short-circuited by using the real-time records of Trending Products, ie those products which are being sought and bought in large numbers at the most popular online stores such as Amazon, eBay, Etsy, Shopify etc.
Social media is playing a growing role in marketing your products and services online in 2018. This is because marketing is becoming more about developing a long-term relationship between you and your customers.
You constantly need to be updating your prospective customers regarding developments and initiatives taking place in your company. This is so that your prospective customers can see that you are active in the marketplace and are following trends and fashions.
For our OMS review of Rethinking Social Media by Paul O´Mahoney go here.
Your Sales Platform
It is important also to consider which platform you will use to sell your products and services, for example, Amazon, e-bay, Shopify, Slingly, TREX
Nov 17, 2015 … We go over 10 different sites to sell your products online. … the Fulfillment by Amazon service, which lets Amazon store your products, handle …
To market your products and services online in 2018 is becoming more and more complex. Purchasers are becoming more and more discerning, and are better informed than ever. Purchasers will only buy from people they trust. In order to convince people to buy from you, you need to convince them that your brand is better than others, and differentiate yourself from the competition.
Social Media has to be a fundamental part of your Marketing Strategy for your business.
Video is becoming more and more influential so also needs to be integrated into your Marketing Strategy
If you are not already fully trained and experienced in this sort of expertise, you will never sell the products and services which you carefully researched and selected as being in demand by your Niche audience.
We recommend that you consider the full and thorough training available on Wealthy Affiliate as a means of acquiring the necessary skills and expertise.
You can try out Wealthy Affiliate for FREE for as long as you desire by clicking here. No Credit or Debit card is required.
You can see our review of Wealthy Affiliate by clicking here.
ZeroUp is an online marketing software Shopify System marketed by Fred Lam, and which claims to offer a means to achieve a very profitable online Shopify business. Fred Lam has himself achieved great success with Shopify and as a result of this can offer Zero Up subscribers some Shopify benefits, because of his close relationship with them.
Fred Lam describes his system as follows:
“ZeroUp™ is a powerful and comprehensive all-in-one e-commerce software to help you build, grow, and scale your business online. It is intelligently designed to help anyone, even those with little prior experience or technical skills to create a flow-blown online store and sales funnel with just a few clicks of the mouse.”
Fred Lam Owner ZeroUp
ZeroUp requires a subscriber to have a Shopify store and domain, which it can be imposed upon. It also requires a subscriber to be connected to Ali Express, and also to be connected to Facebook Ads. With all these features installed than ZeroUp should work smoothly.
ZeroUp offers a full training and support Shopify System to subscribers which they must follow in order to achieve success according to Fred Lam´s claims for massive revenue and profits.
ZeroUp has introduced (in November 2017) a product line of jewellery called ShineOn which is a line of US manufactured jewellery similar in concept and quality to Department Store range but at more advantageous prices. There is no additional payment or commission payable to ZeroUp for this facility.
ZeroUp Jewellery ShineOn
Main features of ZeroUp Shopify System are as follows:
ZeroUp is a Cloud-Based Software System, which requires No Download Or Installation.
ZeroUp is fully Integrated With AliExpress which provides a subscriber access to millions of its products.
ZeroUp offers in addition to full integration with AliExpress to automatically fulfil and tracking product orders.
ZeroUp is fully integrated with Shopify.
ZeroUp includes 10 Pre-Designed Themes & 180 Pre-Built Stores which are suitable for any niche.
ZeroUp claims to be able to start within 5 minutes – Just follow our 1, 2, 3 processes and start generating leads from the multi-billion giant.
ZeroUp claims to have a one-click profit multiplier which enables a subscriber to boost their average value per sale.
ZeroUp claims to be synchronised with more than 11 email Auto-responders.
ZeroUp claims to have a ” Plus List Segmentation” feature designed to promote relevant offers.
ZeroUp offers their own built-in Landing Page & Funnel Builder which offers Drag & Drop functionality in order to design your own strategy sales funnel.
How Does ZeroUp Work?
There were some problems with the rollout of the ZeroUp software system, and they had to implement an upgrade which was quite disruptive to users, all now resolved.
The Menu structure is shown in the diagram below, and Product Engine controls Products, advertisements, Orders and Re-stocking.
ZeroUp Product Engine
Training and Support
ZeroUp offers weekly training webinars, which started on 26th October 2017, and subscribers follow each week’s training with Fred Lam personally doing the presentations to his subscribers. Occasionally Fred Lam invites guest speakers to make presentations to his audience.
Zero Up Training Modules
Niches Available within ZeroUp
The following niches are available within ZeroUp, presently:
Art and Crafts
Baby Care and Accessories
Event Decor and Supplies
Exercise and Fitness
Games and Toys
Health and Personal Care
Household and Kitchen
Kids Clothing and Accessories
Men’s Clothing and Accessories
Sports and Outdoors
Storage and Organisation
Women´s Clothing and Accessories
OMS Conclusion and Recommendation
From initial testing and usage, OMS has yet to be convinced that ZeroUp provides all of the features and functionality which it claims to offer. Certainly, we are sceptical whether the fast implementation and results which are claimed by Fred Lam are achievable.
Recently we noticed that Fred Lam has teamed up with Robert Kyosaki and is offering a ZeroUp elite training under the company name Lurn. We have not tried this out but are a little apprehensive about the method of selling this product. You are encouraged to give information about yourself and agree to be open for an invitation to join a condensed 4-day training with Fred Lam, but the price is not specified up front. You receive a personal telephone call with your invitation, if you are a ¨chosen one¨then are hit with the cost of the training.
What you are offered is very intensive 4-day training with Fred Lam personally, so maybe that will make all the difference to whether you will be successful or not.
a salesprocess that typically includes up to nine steps. Some sales representatives develop scripts for all or part of the salesprocess. The salesprocess can convert ….
A sales process flowchart or process map can be produced to represent the conversion process stages and can be adapted depending on the number of stages of the sales process.
A sales process template can be produced and adapted depending on whether there is a 5 steps sales process, or alternatively a 7 steps sales process (typical conversion process examples are shown below), or sometimes even more, up to 9 stages.
For example, simplified sales sequence examples are shown below:
An Example of the 5 Step Conversion Sequence is Shown Below:
An Example of a 7 Step Sales Sequence:
These diagrams explain that a purchaser may not purchase on the first or even second contact with a supplier, in fact it may take up to 7 or even 9 times before a prospective purchaser is ready to make a purchase, having researched the market, evaluated options, and familiarized themselves with your offer, and also most importantly built sufficient trust with your brand.
Sales Funnel Definition
The definition of Sales Funnel is a Process into which a purchaser is enticed into the mouth or entrance to the funnel usually with a low(er) value product and is offered various other products as Up-Sells, Down Sells, or Cross-Sells before they exit the sales funnel.
The Sales Funnel usually starts with a Lead Magnet such as a free offer, for example, an ebook, or downloadable information, which is offered by a vendor in return for which a potential purchaser enters their email address. This initial transaction provides the contact details for the vendor to inform the potential purchaser of offers in which they may be interested.
The potential purchaser goes through four stages prior to concluding a purchase:
The definition Upsell means the offering of another higher value product in a Sales Funnel, usually after an introductory offer has been made by the vendor and accepted by a purchaser.
As an example of upselling, an Upsell in the context of a restaurant business would be the offer by MacDonalds Fast Food Restaurant of french fries and a shake, in addition to their basic offering of a burger.
The purpose of the Upsell is to increase the profit margin on any Sales Funnel. Usually, the initial or Doorbuster offer has little or no profit margin, whereas the Upsell has a greater profit margin. The net effect of the initial offer plus the Upsell is an increased profit margin.
The definition Downsell means the offering of another lower value product in a Sales Funnel, usually after an introductory offer has been made by the vendor and accepted by a purchaser, and a subsequent Upsell has been declined.
An example of a Downsell would be to offer an item such as a Low-Cost Personal Computer instead of a High Specification High-Cost Personal Computer. The purchaser´s credit card details have already been entered and the first purchase has been completed, the Downsell is a final attempt to increase the value of purchases before the purchaser exits the website.
Cross Selling Definition
The definition Cross Sell is the selling of an additional product or service to an existing customer.
So in this scenario, the customer is not new, there have already been sales previously so a certain level of Trust has been established between the vendor and purchaser.
The effort or Sales Intent is to increase the value of orders by selling additional items to the existing customer.
Sales Funnel Template Examples
Here are some real examples of Sales Funnels Templates Showing ¨Doorbuster¨ offers, Upsells and Downsells which you can adapt and use as templates for your own sales funnels if you wish.
Sales Funnel Template Example 1
Sales Funnel Template Example 2
Sales Process Template 2
Sales Funnel Template Example 3
OMS Conclusion And Recommendation
In order to succeed at making conversions, you need to fully understand the whole process of how to market your products and services, to the right audience, and how to encourage prospective purchasers to move from a state of unawareness about your product to sufficient trust to make the commitment to buy.
This is related to Branding, and this is the subject of a separate post.