How to Plan the finish and then work back to cover every step properly. Knowing where you are going start the journey to success
Estimated reading time: 11 minutes
Table of contents
- Why start at the end in planning
- How to plan the perfect holiday
- Making money online is the same thing, it starts at the end
- Making a comparison to other pursuits
- What is affiliate income and how do you plan for it?
- Fixed revenue v recurring revenue which is best?
- Where do you find good affiliate income that is recurring and generous?
- You still need to reverse plan your journey
- Creating advanced income sources
- Further affiliate choices
- Reverse planning covers all the necessary steps
- Conclusion
Why start at the end in planning
Knowing what you want to achieve is the start of the journey. It is having your very own goal or a vision to make the hard work necessary.
The goal is yours and It could be any number of things however it needs to be very clear and concise so that the correct steps are put in place.
How to Plan the finished example
How to plan the perfect holiday
I use this as a popular consideration for all of us at some time. First of all, it's what you want to achieve with a holiday. Relaxation, Adventure, Culture, Food, Sailing, etc.
I want to relax in the Sunshine, laying beside the pool, sipping Pino Colada, and watching the beautiful people.
- How much do I have to spend to make this possible
- Which Island paradises are available
- Buying new clothes
- Getting any immunisation that is required
- Going to the travel agent to book
- What is the best time of the year to travel
- Are there any security or health warnings out
- Checking flight days and times
- Making a budget
- Can you get time off work
- Who will you go away with
We may need to shuffle a few of these around to get the order correct however it is a good starting point. Each of these considerations is necessary to get the holiday experience just right.
For instance, buying new clothes needs to be aligned with weather conditions, Ski Suits are not good in Hawaii. And if your budget does not stretch to a beachside chalet or flights are not on the days that suit. etc. Nearly every line has an impact on the journey so knowing where you want to go you build the plan to suit.
Making money online is the same thing, it starts at the end
- What is your desired income being reasonable and realistic? Say $50,000 a year
- What are the tax considerations
- How will you make $4,000 a month or $133 a day ( I have the way)
- Your time commitment to meet this
- Understanding analytics and using them
- Learning about SEO and keywords
- How long to complete a blog
- Writing blog posts. How many and how often
- Getting accepted as an affiliate
- What affiliate sites are best
- Choose recurring revenue or one-off sales
- Using affiliate marketing to generate a regular income
- Setting up a website and blog page
- learning WordPress and design
- Choosing a domain name and hosting
- Use a cash flow spreadsheet to prove the project
- Scheduling a timeline that is acceptable
- Committing required funds to achieve the goal
- Establish the time you are prepared to commit on a daily basis
- Doing some basic training to see if it is suitable
- Coming up with a desired niche or trend that you like
- Do some reviewing to see if it is possible
Every step and a few more are critical to long-term success and to bring the goal to fruition
For instance, if a Blog takes say four hours to do and you only want to input two hours a day the result will be a maximum of 3 blogs a week excluding all the other issues. More likely down to about two blogs. Therefore it will probably take a couple of years to achieve your goal.
The cost will be about $35 a month so is that in your budget.
Making a comparison to other pursuits
If you want to be a tradesman and guarantee a similar earning it will cost you a three-year apprenticeship, traveling for an hour, working eight hours a day, and doing all the extra time and study necessary. Plus of course, buying a bunch of tools along the way.
When you finish your time you will be paid for the hours worked and maybe some holidays are thrown in.
If a higher-level career is an aim then we have a couple of extra years at high school, then say four at university to be allowed to start work for a lower income.
All occupations require education of some kind. The lesser the education the lower the reward.
With all this in mind, online education can top them all. You can make as much money as a top Doctor, work from home to your hours answering only to yourself, sometimes a harsh critic.
What is affiliate income and how do you plan for it?
When you sell or market a product for someone else and they pay you a percentage it is called affiliate marketing.
This was very popular when Amazon entered the market selling a large percentage of their goods through affiliates. You could get paid for selling a book right through to high ticket items like $10,000 Gym equipment as an example. With a 20% commission, a book might return you $6.80 but the equipment is a couple of thousand dollars.
This is where reverse planning starts.
You have to sell nearly 7500 books (600 a month) to make an income however only a couple of Gyms set a month to do the same thing.
Before you get excited Amazon and others like them have reduced the income you receive to a miserable amount. Maybe 2.5% on a book or 7% on the gym equipment making that income look unlikely.
Furthermore, you need to do a lot of heavy lifting to learn the trade before you will find your buyers.
How to Plan the finish and increase your returns
Fixed revenue v recurring revenue which is best?
We have explained a fixed revenue above however recurring revenue is when you receive part of a payment for as long as the contract survives.
Using books as an example you sign someone to a book club that sends a new book every month and charges the subscriber for this result. Therefore you get a percentage of that subscription every month as long as they remain members.
This builds a base of customers. If you signed say 10 a month in just one year you have 120 subscribers that you get automatically paid for. (fewer cancels etc)
Month-1 | Month-2 | Month-3 | Month-4 | Month-5 | Month-6 | |
sales | 10 | 10 | 10 | 10 | 10 | 10 |
cumulative | 10 | 20 | 30 | 40 | 50 | 60 |
$ per book | 3 | 3 | 3 | 3 | 3 | 3 |
Month income | 30 | 60 | 90 | 120 | 150 | 180 |
What if that monthly income was $20 or more then you would be well on the way to an income.
Month-1 | Month-2 | Month-3 | Month-4 | Month-5 | Month-6 | |
sales | 10 | 10 | 10 | 10 | 10 | 10 |
cumulative | 10 | 20 | 30 | 40 | 50 | 60 |
$ per product | 20 | 20 | 20 | 20 | 20 | 20 |
Month income | 200 | 400 | 600 | 800 | 1000 | 1200 |
Of course, you have high and low months, cancellations, etc however you should see the growth potential of recurring revenue.
How to Plan the finish with recurring payments
Where do you find good affiliate income that is recurring and generous?
My favorite is at Wealthy Affiliate where you learn and earn at the same time. You get accepted straight up and start your journey from there. This has an additional benefit of proving competency, something often required by others.
However many of the planning steps above will still apply, you need to do some work to get to the first base
Many companies will ask for proof that you can market their product and understand what you are doing. This is another reason to plan the process, the good results come from good contacts.
When you have done the basics, understand the journey, and have a track record the results will come to you. It still needs planning for the basics to reach the top.
Jaaxy is a tool that everyone should have
How to Plan the finish using affiliate income.
You still need to reverse plan your journey
Yes, the income can be great however it is not a first-step product. You need to have a basic understanding of many important points before you have any chance of success.
You can be led to hundreds of opportunities to make money online however it will never happen unless you have many of the basics firmly in place.
For instance, a blog post will take about 14 weeks to be placed by Google and then rarely on page one, the only place to be. Therefore you have many weeks if not months of application before anything happens. It is all in the planning.
My daughter wanted a role in a marketing company doing social media. That was the goal.
- The question was what needs to be done to get into a position where she would be accepted
- Learn about Facebook by doing courses online
- Build a few websites and learn how they work
- Market her talents among Women's business groups to get contacts and customers
- Do a few trial campaigns and log the results
- Approach companies with a successful resume based on results
Yes, it worked for her however it was not overnight and required an utmost dedication to a single product, Facebook marketing.
Creating advanced income sources
As you grow a database of subscribers you can offer them even more opportunities to spend money.
Companies will want to run advertising on your site and pay you for the privilege. This is money whilst you sleep because you do nothing and get paid plenty. However, don't get too excited yet you need a following of about 10,000 subscribers to qualify.
If you become famous then the sponsors will come and hand you more money for doing all the same things, think the Kardashians.
Having multiple links on one page may generate more than one income stream from a single client.
I often recommend a training mentor that takes you through all the steps of making money.
Roy Carter is a successful Affiliate and trainer often living the ideal life on a tropical Island.
Whilst Roy is not among the high-priced trainers he still pays a healthy referral fee.
Online training courses can be great income achievers because of the high ongoing costs to the subscribers. You may ask who would pay for these however it is a massive business.
The course aims to earn more than you pay, a pretty simple model.
How to Plan the finish by reversing the questions
Further affiliate choices
There are affiliate opportunities in just about any product or service you can think of.
It is easy to start and as you choose a direction you will find many results that complement your activity.
Everyone is different therefore choose your end goal and work back from there. Open the world of affiliate marketing.
Reverse planning covers all the necessary steps
We have shown you how and why to plan from the finish. Not knowing where you are going is a recipe for failure because the correct steps will not be put in place.
The object is to be realistic in your expectations. There are few if any get rich schemes available to the average person on the market. If there was we would all be doing them.
Time and effort will dictate returns so find the balance and start from there.
Age is no barrier nor location as it is a worldwide market that is available to anyone.
Join a community of like-minded people. The forum at Wealthy affiliate is an ideal place to start, Here you can get answers to just about any question you may have and hear stories from those that have made it as well as the plodders still learning a trade.
Joining the community can be free.
Conclusion
First of all, we all started somewhere. I wanted to build a website that cost me very little.
Therefore I did the training and spent the time learning everything necessary to achieve my goal. It was not in one day and in fact the learning curve has continued to this very day.
I had to wait for a time when hard coding was not necessary, that was a step too big to take. Nowadays everything can be done without coding experience
The internet and all its assets change regularly. Thus you are on a continual learning curve to get better results and achieve this in far less time.
Finally, there is a massive enjoyment factor in achievement and this is available every day both in small steps and huge leaps. Furthermore, almost anyone can do it, even you.
Find this educating. Thank you.
Thank you Peter for providing such an informative article. You have really covered everything. It is refreshing to see someone offer advice in an honest and informative way. I enjoyed your idea about starting at the end. What a great concept. I am an AffilMarketer and am with Wealthy Affiliate, and I can personally endorse your recommendations about them . I have found the training and support to be second to none. What is your opinion of them? I have bookmarked your website as the information you provide is amazing.
Thanks
Stephen
Thanks Steve and yes there is no better place on the internet that provides the range of services that WA do at a price anyone can afford.
I am certainly a loyal member and have been for a couple of years now.
The reverse engineering concept was adapted from a company I was researching and it really applied to this.
The WA training starts with how much do you want to make in $ and how much time will you will spend to achieve that objective. That is the end result so lets step through the process.
I must admit you will see some funny and unrealistic answers but hey we all start somewhere.
Kind Regards
Peter H