A plan for your success


Now let’s discuss your own, personal success.

The following example plan shows you how you might be able to cash out over $300,000 in three years.
For this example, let’s assume that you start with an IPL Limit of $100.

(If your IPL Limit is already greater than $100, you’ll get to your goals even faster).
And let’s assume that your IPL Limit is automatically increased for you once a month, for the duration of this example.

I have confirmed that this is absolutely possible and IPL Limit increases will start happening this week (if your IPL account is in good standing).

 

The following graph shows what your IPL Limit would look like, for the first 3 months:

 

Notice that your IPL Limit is $100 in month 1; and is then raised to $250 in month 2.

(That means that $150 is added to your IPL Limit from month 1 to month 2).
Then, in month 3, your IPL Limit is raised from $250 to $500.

(Which means an $250 was added to your IPL Limit).
Now let’s assume that you auto-boost all of your additional IPL Limit, whenever it becomes available.

The following graph shows how much you would be boosting each month.

Notice that each month, the amount you are boosting is the additional IPL that has been provided to you: $100 in month 1; $150 in month 2; $250 in month 3.

 

And the following graph shows how much you might be earning each month from your boosting.
Pay attention, folks: Of course no one can predict what boost returns will be in the future. Therefore, to be conservative in my forecast, I took recent average boost profits and discounted them by 20%. You may be able to do better than this example – especially if you’re a Power User because they earn more than everyone else. But you could also do worse, because FanBox cannot and does not make any guarantees or promises towards what anyone’s return will be — or even that it will be a positive return. Remember, when you boost, you are simply paying for ads for advertisers — and even though those ads are being served on a CPC (Cost Per Click) basis — meaning that you only pay if there’s a click – there’s no assurances that the overall transaction will be a profitable one — and so you could (and without a doubt, many people definitely do and will) incur a loss on those ads and hence their boosts.

 

In my example you’re a Power User — which means that you’re earning back your processing fee as a “cash back earning”.

 (Learn about becoming a Power User) 

The following graph shows your cash back earnings added to your overall earnings:   (This is exactly the same as the last graph, but with “Cash back earnings” added to it).

 

OK. So far, you’ve been earning with little effort… you simply used IPL with auto-boost, with your real earnings coming from buying a few cool things to automatically get cash back earnings.

Pretty simple, huh?

For new users, FanBox is designed to be this simple, so that new users can feel what it’s like to earn a little even before they’ve learned other knowledge roles such as blogging, advertising, selling, teaching and coaching.
But now that you’re getting more familiar with FanBox…

…. and more importantly, have learned how to get your questions answered whenever you have them…

… let’s start using your talents and creativity to accelerate your earnings!
First, let’s assume that, in month 2, you start blogging — which means sharing your knowledge about your favorite topic(s).

When people read your blogs, you earn.

(Learn how to earn by blogging)

Let’s assume that you earn about $1.50 per day from blogging — which is about $50 per month – starting in month 2:
(This is exactly the same as the last graph, but with “Blog earnings” added to it, and showing 6 months instead of 3).

 

Next, let’s assume that, in month 3, you start advertising — driving readers to your blogs – or maybe even the blogs of other people.

When people click your ads, you earn.

(Learn how to earn by advertising)

Let’s assume that you earn about $1.50 per day from advertising — which is about $50 per month – starting in month 3:
(This is exactly the same as the last graph, but with “Advertiser earnings” added to it).

 

Next, let’s assume that, in month 4, you start selling — providing products or services — or even selling your best blogs as “premium blogs”.

When people purchase your stuff, services or premium blogs, you earn.

(Learn how to earn by selling)

Let’s assume that you earn about $100 per month from your “Provide” sales — starting in month 4:
(This is exactly the same as the last graph, but with “Provide earnings” added to it).

 

Now let’s assume that, in month 5, you start teaching — inviting your friends to FanBox and helping them learn how to earn too.

When your students earn, you earn too.

 (Learn how to earn by teaching)

For this example, let’s assume you earn about $1.50 per day from teaching – which is about $50 per month – starting in month 5:
(This is exactly the same as the last graph, but with “Teacher earnings” added to it).

 

And finally, let’s assume that, in month 6, you start success coaching — helping other people in the community learn how to use FanBox.

When your students are successful – as measured by their earnings — you earn too.

 (Learn how to earn by being an SC — or Success Coach)

Let’s assume that you earn about $200 from coaching — starting in month 6: (This is exactly the same as the last graph, but with “SC earnings” added to it).

 

As I’m sure you’ll agree, these are NOT crazy assumptions.

Here’s the key to this plan: 

A. Work hard at your favorite knowledge role(s) — using good time-management techniques to ensure you’re always maximizing the earnings from your talents and time.

B. Make sure you’re always a Power User — as (even as I write this) the system and algorithms are being heavily tweaked to favor Power Users, for the reasons we discussed at length recently.

IE: Power Users earn more – MUCH MORE – than everyone else – by definition — because generally speaking they’re bringing more value to the community. I cannot stress this point any more loudly or confidently.

C. Keep re-boosting ALL your earnings – delaying the desire for instant gratification — to ensure that your money and earnings are always working as hard as you are.
The result of doing A, B and C?

Below, I’ve graphed your possible monthly earnings for three (3) years:
As you can see, as time progresses, your earnings are accelerating nicely.

In my example, with the assumptions I have made in my model, if you decided to stop all your boosting and cash out all your earnings…

… you could cash out $300,000 (three hundred thousand dollars).
For this example, I have made a number of assumptions (on top of the other assumptions already discussed, such as that your boosts will always be profitable – which is a ludicrous assumption on its own – because that will definitely not always be true). Your own earnings will be higher or lower than my example, based on those assumptions and your own choices in these areas:

1) Anytime your earnings matured (60 days after the month they were earned in) I assumed that you auto-boosted those earnings to earn even more.

2) You cashed out none of your earnings, but left them in your account to be utilized for your boosts.

If you do cash out some of your earnings, then your earnings will be lower, obviously.

3) I assumed that you were a Power User the entire time, ensuring that you were earning at a higher rate than everyone else.

4) I assumed that you worked hard at the various roles. FanBox is not a place for you to “Get Rich Quick”.

My example assumes that you work hard as a blogger, advertiser, provider, teacher and coach. There is simply no quick way to make money on FanBox if you’re not serious about taking care of your customers.

In other words, let’s say that you’re blogging about “dogs”. If other bloggers are doing a better job than you – listening to what readers want and then giving it to them – then you will see your earnings from your blogs about “dogs” not grow — and even diminish.

Does this make sense? My example assumes that you are working hard at all those roles — but most likely, you will want to focus on one or two of the roles – instead of working at all of them.

 (Choosing your knowledge role)

But that’s OK — by focusing on just one or two roles, the idea is that you would do much better at that role, perhaps generating more earnings from that role than my example suggests – making up for earnings lost from the other roles that you decided not to focus on.

5) Lastly, along with working hard at whichever role(s) you choose, I am also assuming that you become really good at what you do.

In other words, just because you spend 14 hours a day blogging, it doesn’t mean that your blogs are any good. Your readers don’t know how much time you spend creating your blogs — and they don’t care:

If they want to read your blogs every time you post them, they’ll become a fan. If they’re not impressed, they won’t become a fan; and they won’t come back.

So please don’t equate long hours or hard work — to getting results.

At FanBox, you are not an hourly employee — you are a self-employed entrepreneur and business owner. Business owners ONLY get paid when they make their customers happy — very happy.

 

At the end of three (3) years, you could pay off your utilized IPL funds — and cash out the remainder of your earnings: $305,180.

Of course if you leave those funds in FanBox and use them to continue to earn, your earnings would continue to accelerate – setting yourself up for an even more amazing year 4 or year 5.
Please keep in mind that this was just an example, and of course your particular situation and earnings will be higher or lower…

… depending on my many assumptions and the choices you make, as well as your performance in your roles such as blogging, advertising, teaching, coaching and selling…

… as well as the performance of the FanBox economy and elements in it, such as boosting.
And because you’re boosting all your earnings as soon as they mature, my example assumes that you’re paying your IPL processing fees using your credit card, PayPal or other outside funding source.

If you choose to use some of your earnings to pay your IPL processing fees — you’ll be able to earn with virtually no outside capital at all — although it’ll then take you longer to earn and cash out $300,000.

If you decide to not cash out all your earnings at the three year mark, you could continue to earn until you reach a half-million, or even one million dollars or higher. Again, keep in mind all the assumptions, your choices and hard work.
Lastly, keep in mind that this example makes no mention of the various new roles that will be rolling out in the coming months…

… and it makes no mention of the improvements to existing roles (such as ads, blogging and selling) that are in the planning stages.

Like the upcoming roles, most of those improvements to current roles and features are intended to help you generate additional earnings, with more ease.
Summary

No matter what choices you make, here are some things I would focus on:

1) Be a Power User

2) Try all the different roles
You can even become a Success Coach – although that role is not for everyone and is reserved for folks that really love to help people.

3) Be patient & forgiving
Good things come to those who wait.

Patience: If you can’t help but cash out your earnings each month, you’ll earn much less.

Forgiving: FanBox is a organization that is hell-bent on trying new ways to help its members – which means it is constantly experimenting with products and features – many of which will take time to get right – and some of which will outright fail.

If you don’t do well with change and its too stressful for you, I suggest that shut down your FanBox account and then return in a year or two when this experiment is further along.

On the other hand, those folks that expect issues and mistakes won’t be disappointed – and will be rewarded with the opportunity to try cutting-edge technologies first — and participate in the early days of what just might end up being one of the most pervasive and world-changing experiments in human history.

4) Work hard, and get really, really good at your role(s)
Focus only on the role(s) that you think you can master. Take your time in figuring out which role(s) those are – and after you figure it out — work very hard at it.

5) Relax and have fun
History has shown that those that take a chill pill and enjoy the ride, are much more likely to be able to be patient (step 3) — and therefore more likely to get to the finish line.

If you’re relaxed, your customers will like you more. Building your community of fans is an important aspect of building your business and earnings on FanBox.

———————

Now that we’ve reminded ourselves of the “What’s in it for me”, let’s get back to the effort of ensuring this community becomes a full-fledged democracy:
        Built for the people, by the people…

                   and controlled by the people.
It’s time for this community to Declare its Liberty.

 

 

In the interest of serving my readers, I am following this recommended & simple policy for blog comments:
If the blogger doesn’t believe your comment would be useful to other readers, it will be removed.
Please understand that this policy includes “positive” but similarly non-useful remarks like “Thank you for this wonderful post”, “nice post” and “Thanks for sharing”. Other readers won’t benefit from your kudos, and hence those comments will be removed.

 

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Posted on January 24, 2013, in Categorized. Bookmark the permalink. Leave a comment.

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