# Monetizing any Project Make \$10,000 a month with minimal effort

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Monetizing any Project Make \$10,000 a month with minimal effort

## 1. Process

### 1.1. STEP 1: Break down what content I want to create for project [ie.software, audio, video, PDF, manuals, etc]

1.1.1. What do I envision the theme of the product to be?

### 1.2. STEP 2: Define the content development costs and time to complete each content type

1.2.1. Do I have existing content that can be repurposed? [ie. footage from a seminar]

### 1.4. STEP 4: Determine how many units I need to sell to recoup development costs

1.4.1. ie Total costs are \$250. 20 units at \$20 a piece = \$400 which leaves a profit of \$150

### 1.6. STEP 6: Do keyword research to discover the size of the potential customers and if I can compete with existing products

1.6.2. Hire someone to do keyword research for you by clicking on the arrow

1.6.3. Choose key term to research [ie. "dog training:]

1.6.4. See how many people search that term monthly

1.6.5. Calculate the CTR at 1% using the monthly searches

1.6.5.1. This is how many people would click on my online ad (PPC - Pay Per Click)

1.6.5.1.1. EXAMPLE: There are 22,876 searches on Google for "dog training". Of those 1% come to my site = 228.76 visitors to my site

### 1.7. STEP 7: Calculate website conversion rate at 1-2%

1.7.1. Take the total number of site visitors from the CTR calculation in STEP 6 and multiply that number by the on site conversion rate to determine how many site visitors will purchase

1.7.1.1. EXAMPLE: At a 1.5% conversion rate 3.43 site visitors purchase (228.76 x .015 = 3.43)

### 1.8. STEP 8: Calculate estimated profit

1.8.1. EXAMPLE: 228.76 potential customers come to my site (Monthly searches x CTR) of those site visitors 1.5% purchase my product that has an average cost of \$X which results in \$Y profit

### 1.9. STEP 9: Research the cost each time someone clicks on your PPC ad (Pay Per Click) to determine advertising cost

1.9.2. ie 50 cents per click

### 1.10. STEP 10: Calculate Advertising Cost

1.10.1. EXAMPLE 50 cents per click x 228.76 clicks (from step 6) = \$114.38

### 1.12. STEP 12: Evaluate the ROI% of post advertising profit

1.12.1. EXAMPLE: \$428.72 in pre advertising profit for \$114.38 in advertising (PPC) is 375% ROI which is great

### 1.13. STEP 13: Do the same calculations with another key term

1.13.1. brands names

1.13.2. synonyms

1.13.3. related topics