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Debunking 7 Myths About Making A Six-Figure Income Online: Yaro Starak Interview

Yaro Starak Interviews Erika Awakening: How These 7 Myths About Making A Six-Figure Income Online Are Keeping You Poor and Stuck In A Job You Hate

making six-figure income online

Making a six-figure income online doesn’t have to be hard or require a lot of web traffic … it does require some creativity!

For every goal you have in life, there is a hard way to get there and an easy way to get there. EFT Tapping for Weight Loss and Get A Better Butt, I really do not understand why so many people take the hard road when they could take the easy one …

A few weeks ago, I saw a wonderful blog post by Yaro Starak about how the online business marketplace and blogging for money are changing. I agreed with Yaro’s point about how most people are too fixated by the amount of traffic you have and not the quality of your audience. Here is a snippet from my comment:

“The best time period I ever had, I made a quarter million dollars in six months during a time when my main site was getting only 1800 monthly visitors. That’s how much traffic and money were NOT correlated.” – Erika Awakening

Yaro Starak then proposed to interview me, which I gladly accepted. We went on a one hour journey of the ins and outs of the evolution of my business and how I quit my job as a full-time lawyer to be a successful internet entrepreneur. I made six figures in this business, and sometimes multiple six figures, every year from 2010 to 2013 and am on track to make six figures this year also … And I did it by marching to the beat of my own drummer and breaking pretty much every “rule” in the business …

He just released the interview and I hope you will listen to it all the way through as we debunk one myth after another about having a successful online business. (Link to the interview at the end of this post.)

Now, without further ado, here are the Seven Myths About Making a Six-Figure Income Online That Are Keeping You Poor and Stuck in A Job You Hate

Myth #1: “I can’t make a six-figure income online unless I have a LOT of website traffic.”

False. As I addressed on Yaro Starak’s blog, I was able to make a quarter of a million dollars in six months in early 2012 while my main website TAPsmarter.com had only about 1800 MONTHLY visitors. The key here as Yaro Starak pointed out in his blog article was the quality of traffic. I actually intentionally “scared away” some of my audience who were not contributing financially and cultivated commitment in those who were sincerely interested in learning.

It is possible to make a good income online by generating lots of website traffic, and you MUST have a very high level of traffic to make a decent living selling $27 e-books. Some people love taking this path and more power to them. In my experience, at times my blog HAS gone viral and attracted tens of thousands of visitors a day, it was a lot of work for me and did not generate revenue. So I tend to prefer the “quality over quantity” angle to internet marketing.

Tip #1: Cultivate Repeat Business
In an article last week, I explained how my business success came mainly from repeat business. It is far easier to keep the clients you attract than have to always be generating new ones. My intention is to over-deliver on customer expectations, always stay on the cutting-edge of transformation technology with new not-to-be-found-anywhere-else products, and keep people coming back for more. I also do not “farm out” my customer service. If a customer has an issue with product access, for example, they are going to receive a personal message from me and it’s going to be fixed as soon as humanly possible.

This is a relationship business.

Myth #2:  “I can’t raise my prices because nobody will pay them.”

False.  Let’s do the math here.  If you want to make a six-figure income online selling $27 e-books, you’re going to have to sell over 3,700 of them to make $100,000.  And of those 3,700 people, a bunch of them are going to want customer service from you of various kinds.  If you attempt to serve 3,700 people by yourself, it’s very likely you will be completely overwhelmed so you’ll probably have to hire people to help you.  And the people you hire had better be excellent with customer service and very loyal to you, or they will alienate your customers.

Now what sounds easier, attempting to find 3,700 paying customers and service all of them – or selling twenty $5000 coaching packages to ten people?

Right. I realized pretty early on that to replace my six-figure lawyer income, I was going to have to raise my rates. And people literally LAUGHED at me. “If you don’t have enough business now, Erika Awakening, how are you going to make more by raising your rates? It’s simple supply and demand.” I got comments ridiculing me when I raised the price on my 15-Week Miracle Coaching program to $7,500. (It’s now a $50K program.)

But you see, it’s NOT just simple supply and demand. The truth is that many internet entrepreneurs (and spiritual entrepreneurs tend to be the absolute WORST about this) have set their rates too low. And they are NOT congruent with those low rates because deep in their subconscious mind they know they can’t live on bread crumbs and they are actually very ANGRY about undervaluing themselves. So they lower their rates and make very few sales.

The paradox was that when I raised my rates, I started making MORE sales. I’ve had repeat customers and clients who’ve invested more than $75,000 and even more than $100,000 with me. I don’t focus on volume. I focus on VALUE. If I can help someone develop the skills to listen to their intuition, improve their financial situation, start speaking up for themselves, get them out of jobs they hate … that is adding huge VALUE to their lives. And I’d rather do that than sell $27 e-books.

As well, it has been my experience that customers and clients who invest more in products and services tend to get more out of them. They value the opportunity more, they tend to have more discipline about using the videos or sessions. I have basically a zero-flake rate on my client sessions. And nobody’s products or services are going to help anyone if the customer doesn’t show up and use them :)

Tip #2: Use Emotional Freedom Technique (EFT Tapping) to Increase Your Congruence and Raise Your Rates
Raising your rates. Easier said than done, right? Not if you learn how to use a simple energy healing technique called Emotional Freedom Technique (EFT Tapping) to let go of your doubts and fears and become congruent charging a higher rate. My advanced EFT tapping video programs are fantastic for helping people feel more confident asking for more from life and business, including How to Attract Money with EFT Tapping and the Magnify Your Business Magnetism with EFT Tapping

Myth #3: If Your Website Traffic Was that Low, You Must Be Getting Most of Your Clients From Speaking Engagements

False. It is true that in the early days of this business, speaking engagements helped me make a name for myself. And I did get a few clients from events. But by the time I made a quarter million dollars in six months the first half of 2012, I had pretty much stopped speaking at events and almost none of $250,000 or the income I’ve made since then came from speaking-engagement-generated clients.

Most people have found me online, through social media or my blog. Most of them have “dipped their toe in the water” with a relatively low-investment product like my Gold membership or How to Attract Money with EFT Tapping. And a solid percentage of those customers got such great results and loved the method so much that they proceeded to buy lots of my advanced products and coaching programs at much higher price points.

Tip #3: Make It Easy for People to Find You On the Internet and Give Them Low-Investment Options to Get to Know and Trust You
In my opinion, the key to a six-figure income without a lot of infrastructure or website traffic is repeat business. And the key to repeat business is value and trust. How are you going to build that trust? A couple powerful ways to do it are (1) have a strong social media and blog presence so people can get to know you as a person, and (2) offer some low-investment products that give people a really good feel for you at a relatively low price point so they can develop the confidence and trust to invest more time and money with you.

Over-deliver on expectations as often as you possibly can.

It is not uncommon for someone to follow my blog for a year or more before they finally make a purchase. And those people often become long-term major investors in my coaching method. So letting people find you and trust you is essential for creating relationships and cultivating repeat business.

Making more money helps you heal the planet

Making more money helps you heal the planet

Myth #4: You Have to Be “Mr. or Ms. Popular” to Make A Six-Figure Income Online

False. Actually, if you’re going to be a really powerful coach or advisor, you’re probably going to piss a lot of people off. This is because part of being effective is questioning people’s most cherished beliefs. And you could do this in a really “nice” inoffensive way, in which case most people will probably ignore you.

There are “popular” bloggers making lots of money on the internet. With a few exceptions, most of them are re-hashing old ideas that are “just familiar enough” for lots of people to latch on to them and nod their heads … but not get real results.

Did I mention that I piss off a lot of people lol?

The beauty of a high-end repeat-customer business is that it doesn’t matter if you piss off most of the world. Your loyal clients and customers will “get it” and they will stand by you through thick and thin. For the past year or so I focused less on money and managed to pay my bills mostly with repeat business while traveling around the world and focusing my attention primarily on advocating for animal rights.

Tip #4: Keep Your Integrity Above All Else
One of the fastest ways to start hating yourself is to be an approval-seeking sycophant who says and does what he or she thinks other people want to hear. Even if it makes you money, what good is that if you don’t respect yourself? Always stay true to your values and have faith that the Universe will provide for you financially no matter what. If you need help with having more faith, I have Cutting Edge EFT Tapping Video Products for that too :)

Myth #5: “I don’t have enough time and I have to quit my job before I can start making a six-figure income online.”

False. I started this business working only evenings, weekends, and holidays, while I still had a full-time job as a lawyer. What’s more, I made over $120,000 in 2010 from doing this business evenings and weekends while still working a full-time job. If I can do it, what’s your excuse? :)

Tip #5: Just Get Started
As we discuss in the Yaro Starak interview (see link below), my original blog was a humble little blogspot blog called Awakening from the Dream that I started as a “revenge blog” because I was pissed off at a guy in my life lol. By just putting in an hour or two a day for the next year or so, I was able to build a following and later a real income even while working a full-time job. If I can do it, you can also.

If you need help putting excuses aside and getting motivated, that’s what my EFT tapping video products are for, to get you inspired, focused, and motivated – check out our best sellers here.

location-independent entrepreneur

Sunset over Langkawi – one of the many benefits of being a six-figure location-independent entrepreneur

Myth #6: “I can’t make a six-figure income online because I don’t have my own products and services.”

False. This is not a deal breaker. If you don’t have your own products and services, find some products and services that you LOVE and can be very passionate about offering to others. And sell those.  I do not recommend selling products with really low commissions because you’ll be in the same boat we talked about above and have to generate loads and loads of traffic to make a living.  Choose some super high-quality products to sell (like mine) that offer generous commissions.  My friend Robin has a wonderful affiliate marketing course that you can learn more about here.

Tip #6: If You Go the Affiliate Marketing Route, Build Trust By Selling ONLY Products and Services You Really Believe In
How many emails and posts have you seen offering programs that you can tell clearly the seller wouldn’t actually buy themselves? It’s a turn-off, right? I think so. I used to be “horrible at sales” and what I realized later is that I just wasn’t ever selling anything that I truly believed in. So buy the products yourself, use them, and only if they are truly OUTSTANDING do you offer them to others. That way you keep your credibility high and your self-respect intact.

Myth #7: “I can’t make a six-figure income online because I’m not good at selling or making sales.”

False. Neither was I. I went to law school instead of business school because I thought I “sucked at business.” I almost gave up on this business in mid-2010. Don’t believe me? Read the full stories here:

http://www.tapsmarter.com/erika-awakening-almost-gave-up-on-her-business

http://tapsmarter.com/onlinebizsuccess

What finally worked for me was using my own coaching method that I’d already used to help other people … to help myself. I had to get rid of LOTS of limiting beliefs about making sales, about quitting my job, about giving up my “old” identity as a lawyer, and much, much more. It takes discipline to transform your inner self to become congruent with new skills, a new identity, and a new reality. If I can do it, you can too.

Tip #7: If You’re “Not Good At Sales,” Invest in the Coaching You Need to Get Better At It
Part of my own journey was to invest several hundred thousand dollars in my own self-development. I signed up for endless books, workshops, private coaching and training. I learned a bunch of different healing and transformation modalities. It was a big investment, and it was all worth it because it changed my whole life.

The more you invest in your learning and development, the more successful you will be. And what I can offer you are VERY powerful tools for getting where you want to be much faster than you can do by yourself. After all, I did make about $375,000 in this business in 2012 while garnering only about 1800 monthly visitors to my main coaching website. If I can do it, you can too. Follow the path I took :)

A fantastic place to How to Attract Money with EFT Tapping

Now on to our marvelous interview – we’d love to hear your feedback in the comments section here and on Yaro’s blog as well:

Yaro Starak Interviews Erika Awakening About Making A Six-Figure Income Online With Only 1800 Monthly Visitors

Love,

Erika Awakening, Teaching People How to Create Everyday Miracles at TAPsmarter

Erika Awakening is one of the world’s foremost experts on eradicating limiting beliefs and living life on your own terms.

About the Author:

Erika Awakening is a Harvard Law School graduate and former practicing attorney. She left the rat race to become a location-independent entrepreneur, holistic life coach, blogger, speaker, healer, and Emotional Freedom Technique (EFT tapping) expert. Erika Awakening is one of the world's foremost experts on eradicating limiting beliefs and lifestyle design on your own terms. Learn more about Erika Awakening

If you liked this article, you will LOVE Erika's EFT tapping video products and coaching ... Get Started Now:

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Comments

  1. This is great advice and tips. I know that when I stated bloggjng, that I wasn’t ever planning on being a writer. My first posts were horrible but i didn’t stop. I hope one day I can make the kine of money your talking about.

  2. Robin Chiacchieri Ruehrwein says:

    That is a great interview. Just shows what a lot of hard work can do.

  3. Daniel Man says:

    Thanks for the tips I didn't know about this before , great post.

  4. Amber NElson says:

    I would love to make a million dollars blogging! Even 100,000!

  5. Celeste says:

    I was nervous in raising prices in my etsy store and afraid that people would stop buying. Thank you for your tip. I will raise the price

  6. Annemarie LeBlanc says:

    This was an amazing post, I really learned a lot from this!

  7. Kenneth Prince Smith says:

    I enjoyed the blog post… recently, I realized a coach would be helpful and it has made such a difference. Looking forward to browsing the rest of your website to read more.

  8. I am often guilty of taking the hard way.. It’s about time I work on starting with the easiest way first.

  9. MoutAssem (@Meditation) says:

    Thank you Erika for this post,
    I discovered your website through the excellent Yaro’s interview.
    It got me wanting to increase my rates and to try creating products born from my intuition of what can help people rather than just offering established methods… and I think it can be a game changer.
    Thanks
    Moutassem

    • Erika Awakening says:

      Hi MoutAssem,

      Welcome to the blog. I’m so glad you enjoyed the interview and are thinking of new ideas for your business. Awesome. Hope to see you again here soon.

      Love,
      Erika

  10. Yaro says:

    Thanks for coming on to my show Erika and sharing your very interesting background story!

    Yaro

    • Erika Awakening says:

      It was a pleasure Yaro, I love your recent articles – right on target and very refreshing to read! Thank you :)

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