How To Own Your Market Through High-Ticket Items – How To Sell High-Ticket Products & Services Ep. 3 | Big Money Investing Review
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[Music] reason number seven and this is the most important reason of all for us and that is you own what do you do you own the marketplace you own the marketplace here is why if you are are you if you have a business that if you have the affiliate you have people promoters salese promoting for you by having a high profit margin you could pay them more money you could pay them more money so look at there how competitive the marketplace is as an affiliate as a salesperson who are they going to promote who are they going to work for so let’s say if I’m selling a a product if I’m selling an ebook for $20 I’m paying someone every sale that you make I’m going to pay you $10 you’re like this right but if I’m selling a $500 product $1,000 product I say every sale that you make I’m going to pay you $500 that’s a little bit more interesting right wow if I’m selling a $2,000 product every sale that you make I can pay you $1,200 let’s go right you see the difference so it allows you to pay out more to be more generous to the promoters in the marketplace number two advertising and marketing spending most entrepreneurs they try to spend the least amount of money to to try to get customers that’s not how business Works business nowadays you got to make your economic Works in a way that you could afford to spend more than your competitors you’re buying customers you’re doing what you’re buying your customers in any Marketplace if you have that profit margin you can buy more more often and and a larger amount than your competitor than your competitors so advertising and marketing spending when I go into a Marketplace I’m not looking into oh I’m going to spend the least amount of money and try to get these clients no I want my economics to work and so that every dollar I spend at the very minimum I’m breaking even ideally if every dollar I spend on marketing I can get a dollar and 10 cents a dollar and 20 cents back I can scale the business now I could grow I’m looking to make my math work in such a way that I can outspend everybody else I could go to places you know what if my competitors oh they’re only doing Facebook ads they only try to you know play small and that’s okay but if my margin Works you’re on Facebook I’m on Facebook you’re not on Google I’m on Google you’re not on YouTube I’m on YouTube you don’t have affiliate I have affiliate you don’t do banner I could do banner ads you don’t have solo ads I can do solo ads who is going to penetrate the marketplace faster you see the difference because they’re limited so it’s not a money issue it’s a business model issue business model issue and number three it’s very simple best people you have more margin you going to hire better people and you pay them more and they be more productive and loyal at the end of the day in the marketplace the best people they work for more money because they’re good and they know they’re good so like some entrepreneurs sometimes they complain to me oh d man where can I get I don’t can’t get good people these days well I said how much are you paying them I’m paying the minimum wage no wonder no wonder you want to pay not just what the average marketpl is paying you want to pay more and you can might even work a structure where you give them some of the commission some of the bonus uh a share po bonus whatever but you can pay more and it doesn’t affect uh your Bott online so you own the marketplace own the marketplace so before I get into that let’s take two minutes how long Okay discuss the rest of the four reasons okay go 10 times your finances 10 times your business 10 times your marketing 10 times your life hit the Subscribe button nowWelcome to Big Money Investing – Your Ultimate Destination for In The Money Facts!
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