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Two Six-Figure Per Month Businesses You Can Model
Two Six-Figure Per Month Businesses You Can Model
by Cameronlimitless
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Hey, my friend! It’s Cameron Malcolmson here. In this blog post, we’ll dive into the details of two successful online businesses that generate six figures per month. I’ll break down their strategies, income sources, and expenses, so you can model their success and apply it to your own online venture. Let’s get started!
Case Study 1: Smart Passive Income by Pat Flynn
Case Study 1: Smart Passive Income by Pat Flynn
Pat Flynn’s website, Smart Passive Income, is a hub for online entrepreneurs. His business model revolves around building a central platform and diversifying income streams. Here’s what makes his success achievable:
Income Breakdown:
Income Breakdown:
Affiliate Earnings: $105,000 from tools like AWeber, ConvertKit, Bluehost, Leadpages, and Teachable. These commissions ranged from small amounts like $16 to significant payouts.
Books: Earnings from ebooks like Let Go and Will It Fly? contributed $485.
Courses and Memberships: $40,000 from educational products.
Software and Apps: $10,000 from tools like themes and plugins.
Expenses:
Expenses:
Professional Services: $35,000 for developers, assistants, and writers.
Content Creation: $5,500 for video editing and production.
Web Services: Minimal costs for hosting and domain renewals (~$285).
Lessons from Smart Passive Income:
Lessons from Smart Passive Income:
Build Your Hub: Create a central platform (website or blog) where all your content and products live.
Diversify Income: Combine affiliate marketing, courses, books, and software to maximize earnings.
Outsource Strategically: Invest in a team as you scale to handle content, tech, and support.
Case Study 2: Entrepreneurs on Fire by John Lee Dumas
Case Study 2: Entrepreneurs on Fire by John Lee Dumas
Entrepreneurs on Fire by John Lee Dumas is another excellent example of a lean, profitable online business. His income reports are verified by an accountant, ensuring transparency and reliability.
Income Breakdown:
Income Breakdown:
Podcast Sponsorships: $74,000 from sponsors.
Online Courses: $28,000 from educational content.
Affiliate Income: $57,000 from promoting tools and resources for entrepreneurs.
Journals: $15,000 from selling 503 copies of his custom journals.
Expenses:
Expenses:
Content Creation: Professional services and video editing were the largest expenses.
Hosting and Subscriptions: Minimal costs, similar to Smart Passive Income.
Lessons from Entrepreneurs on Fire:
Lessons from Entrepreneurs on Fire:
Leverage Content: Use podcasts, blogs, or videos to build a loyal audience.
Transparency Wins: Sharing verified income reports builds trust with your audience.
Focus on Profit Margins: Aim for lean operations with high-profit margins (81% in this case).
How to Apply These Strategies
How to Apply These Strategies
Start Small: Begin with a single income stream like affiliate marketing or digital products.
Create Value: Offer high-quality content that solves real problems for your audience.
Scale Strategically: As your business grows, reinvest in tools, team members, and additional products to diversify.
Bonus Resources for You
For more resources, check out the income reports from Smart Passive Income and Entrepreneurs on Fire. Download the Limitless Lifestyle Cheat Sheet from the link below and start planning your limitless future today!
Download the Limitless Lifestyle Cheat Sheet here.
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