100% outsourced way to make money online? (serious thread)

9 years ago

Whatever you want to outsource, you should at least know the basics and the strategy of what works. The idea of having an autopilot business exists just because there are a lot of people who are selling this hype. 90% of those people end up not making money at all because they believe in that idea.

Believing in that idea makes people become lazy and start out expecting to be able to do little to nothing while earning tons of money. Not the characteristics you should have to be successful.

Whoever that has got an "auto-pilot" business must have spent years hustling and grinding to build everything up before having a business with competent workers with a competent system.

So it's still possible and will definitely be so much faster to succeed if you have money and you can delegate the tasks to outsourcers, but you should know what to do because you're the leader. And to know what to do, have the working strategy, we can't expect to have one perfect shot the first time you make the shot.

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sdilura

Banned 9 years ago

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- luketr 9 years ago
  
  Affiliate sales probably best unless you have some ideas for your own product that you can get built / manufactured fairly simply.
  
  After that, learn a little about PPC marketing and spend that cash you've got on driving traffic. Then teach your VA to just keep an eye on it once you've got your ads dialled in. Alternatively, you could always hire a PPC manager (usually take around 20% management fee) and do that from the start.
  
  Make sure you're capturing contact info as you go and start marketing additional products to your list.
  
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  NomadLifestyle 9 years ago
  
  Go to Flippa.com.
  
  If you have money you can purchase the sites that don't require work.
  
  If you don't have THAT kind of money, you can still use Flippa to reverse engineer what a site that makes money without a ton of work looks like.
  
  You'll always have to "work" a little, but the difference between a "technician" role and a true "entrepreneur" role is the key.
  
  I recommend reading E-Myth, then going through Flippa and thinking how you could guide a "ship" of outsourcers to replicate some of those successes.
  
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  WildeWebMarketing 9 years ago
  
  Originally Posted by NomadLifestyle
  
  I recommend reading E-Myth, then going through Flippa and thinking how you could guide a "ship" of outsourcers to replicate some of those successes.
  
  Just wanted to chime in and give your recommendation a thumbs up! First time I have seen anyone mention that book. Amazing book. The E-Myth Revisited changed my whole perception of business years ago. Definitely an exciting, must read.
  
  Thanks
  
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  buddy7 9 years ago
  
  I really loved the E-myth and it helped me think through a lot but I think for internet marketers Home Page - Work the System is even better and it's free for the PDF and maybe the audio version.
  
  The author went from working 80 plus hours a week in his business to working two hours a week on his business and now he has multiple businesses that he works on because they are fun not because he has to. Great thoughts if you are looking to automate.
  
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Curtis2011

9 years ago

The reality is that most people who actually do have "autopilot" incomes had to work hard for years before finally discovering exactly how to extract money from whatever their niche is. Then they set up their website or technology in an automated fashion.

You can't really just start right off the bat with an automated system. You have to discover a way to make consistent profits, then automate the work you're already doing.

If there was a guaranteed way for someone to make profits just by making an upfront investment, then everyone would do it.

The closest thing you will find to a "buy it and forget it" system is to buy an established website that is monetized with a passive income method such as Adsense. Make sure the site has solid traffic numbers that have lasted for months if not years.

The only reliable site I've heard of for buying profitable websites like this is Empire Flippers. Flippa also has websites but also has many scammers.

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superowid

9 years ago

Create your digital download marketplace. That's it.
But to promote your marketplace, it's hard to do it 100% outsourced.

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danieldesai

9 years ago

I would go with affiliate marketing or Kindle Publishing.

They're both easy to understand, and over-viewing the whole outsourcing process doesn't take advanced management skills.

The catch though is that you'll need to have deep pockets if you want to outsource your way to financial freedom; you're just not going to get quality work done unless you pay a premium.

^^ That's a catch-22 for most who try their hand at making money online, as the reason they try is that they don't have much money to begin with, heh.

Of course, you can still pay for premium content or any other work done on a low budget but it'll take much longer to get to the point where you're making any sizable income as you'll only be able to get so much done.

Regards,
Daniel

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DIABL0

9 years ago

I monetize purchased data(email) predominately by promoting PPL(pay per lead) offers. I do promote some regular CPA offers too, but it's weighted more to PPL.

With this type of email marketing there is no need to try and build relationships/trust with the recipients, because the offers are mostly free. So I don't have to provide content or anything like that. This allows me to pretty much run templates for the messages, which I personally create and are fairly static and only require minor changes depending on the subject line use.

So, the use of VA to set the offer up and send all the mail is very easy, especially if your using autoresponders. I also have my own high speed / high volume mail platform and that requires some extra training.

However, in either case, the best way (IMO) to train VA's is by creating videos, so they can actually see everything step by step how to actually do it and watch it over and over if needed.

There are some aspects of the business that I wouldn't have VA's do, but all the time consuming, grunt work is perfect for VA's. So this doesn't fit exactly into what your asking, but at the same time I think what your asking is bit unrealistic in that you will do no work (zero) at all. There has to be someone at the very top to over see things.

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Sven300 9 years ago

Even if you want to outsource "all" the work ...

Marketing,
SEO,
Content Writing,
Copywriting,
Web Development,
Web Design,
etc.

you'll still have to play the role of project manager:

You will need a business plan,
choose who to outsource and what exactly,
decide how much money to invest in every element of your project,
in short, you will have to make good decisions.

And to do this properly, you'll need a basic knowledge in everything related to the web.

Unfortunately it is not possible to invest some money on freelancers and collect a lot of money. If possible everyone would.

If you manage to have a website that has some traffic, the two best ways to monetize it by delegating almost everything are:

Affiliate programs
Adsense

Hope this help!
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serekesh

9 years ago

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Devilfish168 9 years ago

perhaps what you mean is " Virtual Assistants "

Some IM get those guys from philipines and india do the outsourcing works.
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discrat

9 years ago

Originally Posted by perneali45

Hi guys!

Most people start with the dream of making "autopilot income" online.

What ends up happening for 90% of people is that they make nothing.

And, most of those who do end up making money have to work hard at it.

No surprise there. Making money requires creating value for others and doing things that most people won't (otherwise, everybody would be rich).

But, let's say that you had quite a bit of money to invest but no time to do any "work" yourself.

What type of business model that could be 100% outsourced would you use?

It shouldn't be one that requires extremely high level skills, as it would be difficult to find good virtual assistants to do the tasks.

Any ideas?

Thanks in advance!

Quite a bit of money as in an enormous amount of money ?

Well, you could get a specialty adverting firm who could run PPC campaigns and have someone develop a top notch product that has actual demand.

If you have the money and the proper resources the World is your Oyster...or can be if you
play it smart

- Robert Andrew

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MikeVietri 9 years ago

This is tricky.

Speaking form personal experience as I tried to do this my self.

If you do not know what your workers are doing or how they need to do it..

then quality control would be a big issue. I know it was for me.

But if I were to do it again here is what I would do.

1. I would learn every there is to learn about kindle publishing.

Kindle is perfect for this because it is a great way to create passive income and it really is not that complicated.

and it involves simple steps that can be repeated.

2. I would hire a very talented writer, form the Philippines. Full-time (8 hours a day)

you can find this for around $600-$800 per month (for a high quality employee)

3. I would have that writer constantly creating ebooks, montoring sales, and testing ebook covers

But please note that step #1 is the MOST IMPORTANT one.

I learned this the hard way, but if YOU are not the EXPERT then do not expect much.

YOU need to guide your employees and your business to success,

just because you outsource the work does not mean that you get to sit back all day and hope that your employees will build your business for you.

Think of it this way.

You are the architect and your employees and the construction workers.

Now imagine if the architect just told the construction workers that he want to build a building "over there",

and that he want it done in 3 months.

So he tells the worker to get working

and that he will be back in 3 month to see what they build...

He leaves them with no plans, no guidelines, and no structure.

Sure the workers will use what they know to build the best building they can...

but it is NOT THEIR JOB TO BUILD THE MASTER PIECE YOU ENVISION!

they just need to build the thing so they get paid for it

Same is true in this case.

You need to be the leader and you need to make sure the work is up to standers for the business you want to create

and the only way to do that is through educating your self fully.

last note, check this blog by john jonas

he is an expert on outsourcing and you need to know what him if you really want to do this

John Jonas on Living The 4-Hour Workweek

Hope this helps

~Mike
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Steve B

9 years ago

Originally Posted by perneali45

Making money requires creating value for others and doing things that most people won't (otherwise, everybody would be rich).

What you're asking is just another method of finding the silver bullet, the magic button, the thing that will bring you riches without you having to work.

You want to pay to have an autopilot income. The best way to do that is not to hire VA's or buy a profitable a business.

Go to a smart and trustworthy financial planner and buy into an annuity that will give you a safe and steady income stream in both up and down markets. You won't have to work to maintain your monthly income.

If you try to get autopilot riches from business, or by relying on other people, you will not have any type of guaranteed income - there are too many variables and things that could go wrong.

Steve

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DRP

9 years ago

Originally Posted by perneali45

But, let's say that you had quite a bit of money to invest but no time to do any "work" yourself.

What type of business model that could be 100% outsourced would you use?

It shouldn't be one that requires extremely high level skills, as it would be difficult to find good virtual assistants to do the tasks.

PIPE DREAM. Get freaking real, kid. Stop being lazy and looking for the easy street. It doesn't exist.

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Verdatti

9 years ago

If money is no object, it's possible to outsource everything as long as you have a solid start up capital. Let's say you want to sell your own product or service, you can:

1 - Build the website
2 - Create the info product, software or service
3 - Traffic sources: PPC management, SEO, Youtube marketing, etc
4 - Affiliate management: Setting an affiliate program and recruiting affiliates
5 - Content marketing
6 - Customer support

Every single of those tasks could be outsourced. The difficulty is how you build this team and successfully manage it. That's the real challenge you have if you try to outsource everything.

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kilgore 9 years ago

As others have said, even if you outsource everything you can, someone still has to play the role of the CEO. Do you imagine that Amazon CEO Jeff Bezos doesn't work much because he has 230,000 people working for him? Managing staff takes time after all -- as done finding good people and training them.

I suppose if you have lots of money, but no time to do work, you could buy an already successful business, focusing on finding one in which the current owners don't play an active role in the company. They're rare but they do exist; though I doubt you'd be able to find one for under a few million bucks -- after all, they have to be making enough money to pay their staff (including a CEO).

But even this would be a bad idea. Smart people (and smart companies) don't buy businesses because they just want another income stream without having to put in any effort. They buy them because they see unrealized potential -- potential they can unlock if they work hard and smart enough. The other problem with this model is it's very risky since your investment will be tied to the fate of a single company.

All that said, there really is a way to own even the largest companies without having a mammoth amount of capital to invest, and to be able to draw income from a company's profits without having to have an active role in the management of the company. What I'm talking about, of course, is investing in the stock market.

If you're really looking to invest in a business (or even multiple businesses) without having to work, as far as I'm concerned buying stocks (or index funds, mutual funds or ETFs) is the only way that makes sense. You get the benefit of owning some of the most successful companies in the world and all you have to do is invest your money and sit tight. And if you're looking for a steady paycheck, you can even seek out stocks that pay dividends, so that you'll literally be earning a share of the company's profits. And of course you can also diversify your holdings which can make your investment a whole lot less risky.

But starting a business based on the premise that you'll outsource everything? That seems like either a lot of work (which you don't want) or a recipe to throw a lot of money away.
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sbucciarel

Banned 9 years ago

I'd buy a website from Flippa that was already making money, verify the income and do due diligence and then buy it.

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EPoltrack77

9 years ago

anything can be oursourced. I outsource the complete setup of my funnels into sales. We might switch back and forth till I find or have something I like but yea... Just takes time and of cours a good budget!

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100% outsourced way to make money online? (serious thread)

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