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How to make a six figure income

This presentation by Des Vadgama shows how to build a long-term business with a high income.

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How to make a six figure income

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  1. How to make a six figure income Des Vadgama

  2. Welcome • How to start your own home-based business and make a six-figure income • How to choose a profitable, enjoyable niche • Which type of business model will make you the highest income • Why it’s important to focus on high-margin products • How to get started on a part-time basis • How to leverage your current experience and skills • FREE download copy of Massive Income Growth – sold at £97 • And more…

  3. About Des Vadgama • Specialised in the marketing of high-margin concepts over 17 years, including seminars, and related knowledge-based services • Worked with hundreds of entrepreneurs, including start-ups • Experienced 6-figure and 7-figure increases • Focus on direct response strategies, including on-line

  4. Key steps • Choose a commercial niche or sector • Understand how the money flows • Focus on high margin areas • Launch a simple website • Use 2 or 3 marketing channels • Buy or attract traffic • Test and refine conversion process

  5. Key points • Keep it simple • Stay focused on important tasks – the 5% • Use freelancers or outsource many tasks • Plenty of margin to pay for marketing, etc • Repeat and scale up • Be consistent, even if part-time

  6. Important questions for you • Do you enjoy the industry or sector? • Like the people you deal with? • Comfortable with the whole process? • Would you do it long-term? • For most, passive income is a myth

  7. My early example • Met Dan Pena in 1995, Guthrie Castle • Handshake deal • Promoted business seminars, £2k and £10k • Own small list of 600 • Mailshot and follow-up by phone • No internet, no meetings, no tools, nothing! • 1996: six figure income, first time

  8. Biggest problems • Jumping from one opportunity to another • Rarely check for a good ‘match’ • Trying to learn too many marketing methods • Too little action taken • Being too passive, at start-up stage • Almost no direct focus on conversion process or getting revenues

  9. Too many business choices • Over 1,000 franchise companies • Over 2,500 business opportunities • At least 100 marketing methods • Investment from £200 to £200,000 • What do you do?

  10. Too many methods and tactics • Affiliate marketing • SEO, PPC, Adwords • List building, sending out offers • Banner advertising • Social media marketing • Blogging, article writing, ebooks • Direct mail, postcard marketing • Sales copy, landing pages, videos • …Most people are overwhelmed!

  11. Which niche for you? • An industry you know about • Or enjoy investing time and energy • Have some related skills, abilities or strengths • Worth tens of millions • Competing companies and websites • Wide range of pricing – 50 to 2ok • Decent volume of transactions • Possible agent, broker, affiliate or other? • Focus on high margin, higher pricing

  12. Julie’s new business • 25 years in education sector • Her future: headmaster role • Also passed law exams • Limited interest in being a lawyer • Wants internet-based business • Launched an enquiry generation service • All on-line, targeting law firms • Will focus on larger cases • Receives 10% to 15% of case value

  13. Mike’s new business • Spent all his life in the family construction business • Up to 10 million euros in the property boom • Now about 1.5 million • Wants internet-based, no staff • Launched commercial finance on-line • Targeting projects over 500k • Now attracting enquiries across Europe, some over 10m • Receives 1% of finance raised • Enjoys the industry, understands it very well

  14. Advantages • Short learning curve • Play to your strengths and abilities • You get paid well • Low volume, high margin • Flexible hours, time freedom • Enjoy a good lifestyle • No more chasing opportunities • Long term, strategic approach

  15. Key essentials in any business • Attract incoming enquiries • Convert these profitably • Product orders or for a service • With low margins, your options are limited – and often very time-intensive • With high margin – wide choice of marketing channels. And customers are far nicer!

  16. About VFactor • Focus on bespoke and customised solutions • Identify a profitable, high-value niche • Develop and refine concept • Complete system and process for monetising • A business built around you • Well-matched, build for long term • Low maintenance, lifestyle business

  17. First step FREE • Identify a high-income niche for you • Complete brief form at: www.GetBigFees.com/mw • A few details about yourself • Consultation by phone and email

  18. Massive Income Growth • Download your FREE copy of this 110-page manual, sold at £97 – just go here: www.vincome.com

  19. Thank you Thank you for attending this webinar today

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