3 Ways To Make Money Fast And Easy - PART TWO
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The following is an excerpt of an email I sent one of my subscribers. Seeking to make a useable amount of money very rapidly, they were in danger of missing their mortgage payment. This is the second approach I advised them of.
The second way to make money fast and easy is to offer a service. With the emphasis being on speed in this case, I will try to give you an outline of a particularly lucrative and rapid way to make money fast.
Asuming you have a home phone and a few dollars to spare on printing, you are going to rely on the law of averages to get your required money fast. As in PART 1, I have settled on $1500 but you can manipulate this to suit your needs. Whatever the crisis is, a few thouand dollars should always be enough to get you out and buy you some time until you get a handle on your finances.
The law of averages states that every situation has a conversion rate. To use an extreme example, lets take my table lamp sitting here on my desk.
If we set up the scenario we can get an understanding into the law of averages. Say our scenario is that we want to sell this $22.00 lamp for $1 million dollars. It sounds impossible, who would give you $1 million dollars in exchange for a $22.00 lamp?
The law of averages states that even this unlikely scenario shall have a conversion rate. The possibility might be calculated at 0.0000000000000000004858688% chance that it will happen, however even this unlikely event would occur at some decimal point. However, we can also manipulate the conversion ratio by developing the scenario. If the arbitrary calculation above means that you would have to try 200 billion, trillion times to find just 1 person who would give you $1 million dollars for a desk lamp, an adjustment in the scenario can improve that number.
For example, the price, you could reduce the price to $1000 which would immediately change the calculation to reflect the new circumstance. Now the conversion may be 1.2 in other words, for every 120 people you offer the lamp to, 1 will buy instead of the 200 billion, trillion.
What if ontop of a price reduction, you registered as a charity. You as the administrator of the donation may keep a percentage of the $1000 and refer the rest to the charity you chose. You get to help people and at the same time make a little money. Would this impact the conversion? Of course it would. Not everybody views money in the same way and there are people out there that definitely would buy a $22.00 table lamp for $1000 if it was going to charity. The conversion ratio might become 2% or 1 in every 50 people may take you up on this offer.
Novelty sells and in the above case, the novelty was the extremely high price of the lamp. That combined with it being a charitable donation meant that the scenario had a reasonable chance. To sell 10 lamps for $1000 for charity you would simply make 500 people aware of the offer if the 2% conversion ratio was true.
To apply the law of averages to make money fast we can see the possibilities. You must construct a scenario with an estimated conversion rate and work to make enough people aware of your offer based on the profit projection and your financial goal (in this case $1500)
To do that we look for demand. Without too much money we have settled on offering a service. We think about what people may need from you that you could offer that they would also pay for.
Also because we are working with the law of averages, we are not going to go for a high conversion rate. We are looking for a high price and lower conversion rate. The higher the price, the lower the chance that somebody will take your offer. But it doesnt mean nobody would take your offer does it? It just means you need to see more people to finally find the individual that finds your offer attractive and acts on it.
This is the bones of the strategy. Whether you choose to wash all the exterior windows of a wealthy persons house. Or provide in-home foot rubs and back and shoulder massage to retired people. Maybe you will advertise a flyer entitled "your slave for a week" $1500 to attract people using a novel approach is up to you.
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