Online Advice Platform Revenues
An Online Advice Platform from FIOFRO provides you with the opportunity to create additional revenue streams within your business.
Based upon your order type, the choice to charge subscriptions to access your online advice platform is entirely yours, but before discounting the idea take a look at the Online Advice Platform example case studies below to get an idea of the potential increased revenues.
It may be that you wish to generate revenues from advertising or sponsorship or it may be that you just wish to provide a free and open advice to consolidate your users into an environment that is owned by you.
As always, with an Online Advice Platform from FIOFRO the choice is completely yours.
The best way to explain the potential reavenues available through your own Online Advice Platform is through an example case studies. The example case studies below do not include any merchandising revenues, upgrades for video content access or any forms of advertising revenues.
Revenue Example 1
There are 180 million people on benefits in the USA, so if you set up an online benefits advice centre delivering advice on claiming benefits, getting off benefits and benefits related topics.
Your target market size in the USA is instantly 180 million people.
You now use all forms of social media marketing to promote your help and support platform to all of these people who need help, advice or a simple clarification of what they are entitled to.
You may not be a specialist in the US benefits system but you may know where to find the information you need to help.
Taking that market size into account, think about charging a really low subscription fee to access your information and to get their questions answered, lets say £5.00 per month with a faster reply upgrade of £12.00 per month for example.
Your target market is worth just over £900-million per month at the entry level and over £2-billion per month at the higher level.
So if you only attracted 1% of people who want advice in this market to your advice centre, your monthly revenues could be between £9-million and £21-million per month.
If you only attract 0.1% which is the equivelant response to cold mail drops you could still potentially generate between £900,000 and £2.1-million per month.
Of course this is a huge starting market with 180 million potential clients, so you are starting from a huge market opportunity. Not all markets are this large.
Revenue Example 2
If for example you are a specialist in alternative medicines or homeopathy or CAM, you could create an Online Advice Platform advising people about the best natural treatments for their specific condition.
the advantage of our systems is that you can give your advice to specific issues and reactions, you can provide documents about the properties of each medication and why it works, including case studies, you can add videos about the different treatments and origins of the medications, you could also offer live clinics using the online secure consultation rooms and then sell the products through your own shopping cart.
An Online Advice Platform enables you to become a centralised online clinic that delivers advice and support as well as product sales.
In Germany alone around 60% of adults (48m) use some form of CAM. Now, taking that market size into account, think about charging a really low subscription fee to access your information and to get their questions answered, lets say €5.00 per month with a faster reply upgrade of €12.00 per month for example.
Your target market is worth just over €240-million per month at the entry level and over €570-million per month at the higher level.
So if you only attracted 1% of people who want advice in this market to your advice centre, your monthly revenues could be between €2.4-million and €5.7-million per month.
If you only attract 0.1% which is the equivelant response to cold mail drops you could still potentially generate between €240,000 and €576,000 per month.
This is just the German market alone but none the less you are starting from a huge market opportunity. Not all markets are this large.
Revenue Example 3
Lets say you are in an MLM / Network Marketing organisation and you want your down line to learn more about growing their and your MLM business, you could create an Online Advice Platform to show your people how to increase sales, how to recruit and how to present, you could offer support and information videos, how to guides and step by step processes, marketing material, create and sell tickets to master class events or hold online master class events for upto 4 people at once using the secure, online consultation rooms.
One of the many advantages of having an Online Advice Platform in this case is that it is owned, operated and run by you and not the main network.
Now lets say you have a downline of 1,000 people in total and you charge £15.00 per month for live master class access.
You could generate an extra £15,000 per month just from subscriptions, let alone the revenue from increased business, ticket sales and other additions.
Your additional subscription income purely from your Online Advice Platform would be an extra £180,000 per annum.
We created this example to show that you could still be very profitable with only 1,000 users and still chatrging a low access fee, now try making it a normal average MLM master class access fee of £49.99.