The IM Goofball’s Guide to $51 to $74 Per Hour: Product Review

Product: The IM Goofball's Guide to $51 to $74 Per Hour

Creator: Mark Tandan

Overview: It's becoming much more rare these days to find a product that delivers not only new concepts but useful ones as well. That is exactly what you will find when you pick up your copy of "The IM Goofball's Guide to $51 to $74 Per Hour". The concepts presented have full potential to net you some decent cash.

Base Price: $9.97 (At the Time of Writing)

Upsells: Yes

4.75 out of 5 Stars

Analysis

Please note: this is a review for the base product only. I did not pick up any of the associated upsells or downsells. Please keep that in mind when considering the purchase of this product.

The methods described in this product are for services that you can easily learn and will be the basis for selling those services to other marketers. These services are in high demand and marketers often either have no time to create these services or they are not very good at it (or both).

It's important to realize that this is not a passive income type of product. You will be exchanging time for dollars. However, once you learn the services that you can provide (3 of them) you will be in a position to generate cash relatively quickly.

Although I won't get into what the services are, they are definitely services that product creators will be all too happy to contract you out to provide these services at a decent rate.

The biggest key when taking on this kind of work is to continue to practice. Mark Tandan gives you the tools you need but it is entirely up to you to put them into practice. They are meant to improve over time and as you get better you will effectively be increasing the amount that you earn.

Why Not Just Use Arbitrage?

You have probably seen many product creators that have touted the benefits of arbitrage opportunities. If you are not familiar with this concept, in a nutshell, you find people that are looking for certain services (clients) and at the same time you match them up with people who provide the service (service providers). You charge the clients more than what the service providers charge you, hence you profit from the difference.

While arbitrage opportunities can be lucrative, they are not without problems. You will be required to manage the projects and the parties involved. You will need to manage the client and you will need to make sure the service provider delivers exactly what the client was looking for in the time frame agreed upon. You will need to make sure that the client pays you on time so that you are not laying out ​your own cash in the interim.

Why This Product is Better Than Arbitrage

Because you control the work yourself (you'll be providing it for the client) you will know what you can deliver and for how much. You won't have to pay or manage service providers or outsourcing personnel. Because you will get better at providing the services, you will provide them much quicker over time. This is not likely if you relied on others to do this for you.

You are certainly welcome to outsource the services if you feel comfortable with the service providers you choose.

​What You Will Need

There is not much you will need to make this work for you. There should be some kind of web presence and this can be a simple Facebook page that you dedicate to the type of service you are going to provide. It may be worthwhile after you get started to expand further by setting up either a free website (Blogger.com or WordPress.com) or to create a self hosted WordPress site. But that is not required from the start.

The product creator (Mark Tandan) suggests that you start out with only one of the services so that you can hone in on the skills needed to command high rates. In other words, if you try to jump around between all three of the services, you may not become good at any one of them. If you concentrate on just one over time you will become expert on that one and clients will be more willing to pay a premium rate for that service.

There is nothing stopping you after you have mastered one of the skills that you will provide to start learning one of the others and then the last one after a while. But as Mark states, each service will have enough clients that you will never need to branch out to the others. It's nice to have choices when it comes to this.

Things I Didn't Like About this Product

No product is perfect. While this one is very good, it does have some areas that could be improved upon. For starters, it wasn't really clear to me how Mark decided upon $51 to $74 per hour. He describes how you can pretty much charge whatever you like (and whatever the market bears) which is also based on your own experience and expertise.

He also made mention as part of the description for Module 1, "Creating Long Term Passive Profits" which the methods describe are not passive at all. Anytime you are exchanging hours for dollars that is not passive. To be considered passive, it must be something that can generate income without interaction.

I do agree with Mark that you can generate recurring commissions with his methods and perhaps that was why he felt it should be labeled as passive. But you still need to perform work for you clients. Contrast this to creating a book on Amazon. This has the potential to generate passive income because you only need to create the work, i.e., write the book once, and then it can be sold over and over again for quite some time. Of course there are other factors in getting a book to the point where it sells itself but you get the general idea.

I Wrote a Book with Ideas that Are Similar to This Product

Make Money Renting Out Shovels

In this book, I describe some out-of-the-box ideas on how to generate income by pigging backing off the efforts of others. That is virtually what is going on with this product. Although Mark describes different methods, the general concept is the same. Therefore, after checking out this product, consider picking up your copy of my book where you were learn even more ideas for which you can apply this concept to.

The concept of renting out shovels comes from the days of the gold rush where people who rented out shovels made money regardless of whether the people who were mining for gold actually found gold (most people didn't). The idea being that it doesn't matter what marketers' do. By contracting your services out to help them, even if they don't sell anything whatsoever, you still get paid.

Get your copy here.

Bottom Line

I give this product a 4.75 out of 5 stars. The points that I felt were negative are not enough to dissuade people from picking up this product. It's up to you if you want to take advantage of the upsells/downsells. They didn't particularly appeal to me. I think the content of the book is good enough that nothing else is needed. The techniques described are easy to learn and apply and I truly believe they have the potential to make you money. I am currently in the process of implementing these techniques and will report back in a couple of weeks as to my progress and success. You can look forward to that in the comments section below.