Chris Record – $8K Per Day Formula + $16K Per Day Case Study + Smart Launches

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What’s going on, everyone? Hello and welcome to $8K Per Day. Chris Record is my name. I’m thrilled to provide the very first module, in which we’ll discuss Paypal Working Capital Loans. This is going to be fantastic. First and foremost, let’s go straight into session one. PayPal Working Capital Loans are a great source of finance for businesses that don’t have good credit but know how to sell and generate profits and only need money to scale up campaigns. Even if you have decent credit, I’m just saying they’re a dream for those who don’t have good credit, but they’re actually fantastic for everyone since they’re based on sales. There is no requirement for a credit check. You will receive funds instantly. You have one low, low, low affordable charge, and you have variable repayment periods that are dependent on your sales history within PayPal. Loans of up to $85,000 are available without a credit check. Listen, I’m not aware of many other resources that are as effective as this one.

In this lesson, I’m going to guide you through not just how to secure a PayPal Working Capital Loan and develop some history with PayPal, but also some innovative ideas. If you are unable to obtain it today, I will assist you in obtaining it within the following week or month. First and foremost, what is the catch? Because PayPal does not use your credit history, they must rely on your PayPal sales history. Yes, there is a catch, but it is simple to overcome. The key to qualifying for a PayPal Working Capital Loan is to generate consistent revenue in your PayPal account in a short period of time to demonstrate to PayPal that you are a good risk. Then, of course, continue that over time in order to grow the amount of money PayPal is willing to pay you. Don’t be concerned. This module will show you many approaches to making this happen.

First, let’s obtain a firm grasp on how these PayPal loans function. PayPal Working Capital is a small company loan with a single set charge. It’s quite basic. Automatic repayments are deducted from your account as a proportion of your daily sales. That is, whatever your daily sales are, you simply select a percentage and the money are deducted automatically. PayPal handles everything. There is no interest to pay. There are no late charges. There are no prepayment or penalty fees, nor are there any other types of costs. Once you’ve qualified, which I’ll teach you how to do in a moment, the procedure goes something like this. First, you’ll choose your loan amount. This will be determined by your sales history. Basically, the more sales you make, the better the loan you’ll qualify for. Next, you’ll decide how much of your future PayPal sales will go toward paying off your loan.

The bigger the percentage you’re prepared to provide them from future PayPal sales, the cheaper your costs will be. If you wish to leverage that loan for a long period, the lower the percentage you want to provide, the greater the cost. Don’t be concerned. I’ll show you everything in several slides. The money is then quickly placed into your PayPal account, where you can utilize it or transfer it to your bank account for any purpose you want. There are a handful of mistakes there, but we’ll simply keep going. Payments are now deducted automatically from future sales depending on what you put up until the loan is paid off in full via PayPal. They’re just going to keep coming out on their own. Once it’s paid off, you may repeat the procedure as many times as you want, obtaining as many loans as you want. Because of all your new sales, you can boost the amount you qualify for each time. Essentially, it implies you might start with a baby loan, a very basic loan, and then pay it off with subsequent sales. Then you go out and borrow a bigger debt.

Then there’s the bigger loan, which might go up to $85,000 in upfront operating capital for your company. This form of loan source is ideal for scaling up for example, product launches, running Facebook advertising, scaling up paid traffic for example, hosting events, or anything else where a large amount of upfront money is beneficial and you know you’ll earn it on the backend later. As I previously stated, the nicest feature is that it is not dependant on credit. It only takes a clever concept to generate enough sales through your PayPal account to qualify you for a loan. That’s where I come in, as a designer. That is something we will discuss in today’s session. First, let’s go through some of the prerequisites. What are some of the limitations? What will it take to make this happen? Your maximum loan amount will be up to 15% of the sales your company made through PayPal in the previous 12 months, up to $85,000. If you have a pen and paper available, or if you’re taking notes on the side here, you might want to take that down, 15% of the sales that your company processed in the previous or next 12 months. You could almost do the math. That works out to $15,000 for every $100,000.

You may begin to form an opinion. When you start doing huge product launches like we do, you may possibly have over a million dollars in your account and start obtaining some very substantial loans up to $85,000. You immediately pay them off. You have access to operating capital, but you may need to start small. Don’t be concerned. That is where everyone begins. Next, if you’re creating a fresh PayPal account from scratch, they’ll most likely require you to season the account for 90 days without making any sales. PayPal has made certain exceptions, but the usual is that you’ll require at least 90 days of seasoning. Just remember that. If you’re beginning from scratch, or if you want to, “I’m watching this module, Chris. I even don’t have a PayPal account. I’d have to start from scratch.” You must understand that PayPal will not just hand over money to a stranger. They’ll want to observe you transferring money from your account. Don’t worry, that’s something else we’ll speak about. Consider it this way. PayPal is ready to take a risk on you based on your sales history, not your credit background, since they know they will be repaid via your future transactions. It’s equally rational.

It makes perfect sense. They have a fantastic program. It’s as if someone is hovering over your shoulder, telling you, “If you can accomplish enough sales volume this month, I’m going to support your business with a ton of extra cash.” Imagine if one of your pals, whether a buddy, a family member, or a peer, asked you for money and they said no problem. Allow me to observe your business for a few months. Sure, if I like what I see, I’d [inaudible 00:06:26] or something. It’s as though you’re now held accountable. You have a reason to relocate. You have an aim and a goal, which makes business much more interesting. These performance-based loans are a great loan for entrepreneurs who are prepared to hustle since they know they have someone eager to assist them expand their firm up 10X. If you’ve ever desired a 10X, these performance-based loans are the way to go. What do you think? We opted to acquire one of the loans ourselves so we could go through the procedure and see how it all worked because I enjoy learning, doing, and teaching. I discovered about PayPal Working Capital Loans and then went ahead and obtained one so that I could show you the full procedure.

Let us look at some screenshots. This first one is only an example. Don’t worry, we’ll go over this in further detail later. This is simply an example. I borrowed 20,000 dollars from my PayPal account. Isn’t that really, really, very simple? I had my business colleague John just go in there with me. The application just took a few minutes, and then there was $20,000 in the account. It has a one-time charge of $319. Isn’t it simple? $319 is the total. That was the only cost I had to bear. It is really affordable. As you can see, this is a fast email. There, John is my client. You could clearly see that you had successfully returned your company debt. That simple. If you look in the center, that data financing was taken out on July 10th and paid off on July 28th, which is also my birthday. That’s really great. The repayment period was ten days. We took out a loan and promptly paid it back within 10 days. So why not? We want to establish a credit history with them. “Hey,” we want PayPal to say. We can receive money because we recently paid it off. I pulled it out and immediately paid it back to see what it was like. That worked nicely, so we received a couple more loans, swiftly paying them off each time and establishing credit with PayPal. Let’s look at some more images.

Here are three examples of loans. As you can see, I borrowed money from 7/10 to 7/20. That was ten days ago. If you check at the bottom, you’ll see a payment length of 10 days. Then there’d be another one in the middle, 11 days. We’ve been paying those things off so much that we decided to approach things a little differently this time and lengthen the payment term instead of simply consistently paying them off. We pay a price there every time, so we attempted to do something a little different and say, “OK, let’s try one for a month or two. Let’s see what happens.” Take a little amount of a separate charge and run it via a small amount of a different account. So there you have it. The only difference is the length of the payment. We’ve essentially just chosen to experiment with different perspectives here. This is certainly an outdated screenshot since then. We’re really simply taking out loans and repaying them. Taking out loans and repaying them. Basically, the next one we’re going to try is a 50,000-dollar loan, followed by an 85,000-dollar loan, and see how it works. Here are some charts and statistics that they display. These bars indicate sales and payments for one week. This is a slow week, whatever that means. We’re simply putting in a couple sales that week, and basically just making payments on it each week. It’s completely automated.

We have three payment accounts which gives us the ability to be able to take loans in each one, which is actually cool too. For some of you that have multiple partners or business partners, or different accounts you run things through, it’s cool to be able to take loans out of each account to be able to do that. Here is an example, payment tracking right there just showing you to take a 20,000-dollar loan, and you just start nibbling a way out of it. They just take one fee, one flat fee, and then you just rock out an average payment on it. It makes it really affordable to be able to get some longevity out of these loans.You don’t have to pay them back right away like we did when we were just experimenting. This was just one of our business accounts. Keep in mind the opportunities to scale up and get massive funding are endless. Like I said, it depends on how your business is structured. You might actually have two or three different businesses, two or three different PayPal accounts, and you might be able to get Working Capital Loans in each one like we’re able to do there. If you already have an established PayPal account that is generating income, I’ll show you how to see if you can qualify for a loan today.

Some of you watching are going to be able to get a loan today. There is literally going to be some of you that leave comments and testimonial saying, “Oh my God, this is simple. I got 10, or 14, or $20,000 like nothing deposited to my account right away,” but some of you aren’t. If you’re already established, don’t worry, I’m going to walk you through it. For those of you that aren’t generating income into an active PayPal account, I’m going to show you how to get started building that right away. Don’t worry if you don’t get approved today, it’s something that’s in your control. It’s not like bad credit that’s going to take a long time to heal. This is something that you can actually put in motion right away, which is another reason why I love PayPal Working Capital Loans. Here is a website for you guys. Go ahead and jot this down. There should be a link underneath the video. There’s no affiliate program or anything that I’m aware of, but the link is just paypal.com/working capital. You can simply do a Google search for PayPal Working Capital Loans. It’s pretty easy to find inside your PayPal account.

Once you get inside, they have this little section here. I’m going to give you a quick tour, and then you’re going to go ahead and log in and apply yourself. Here is the quick tour. Basically right there on the homepage, you could see the orange box highlights what the next step is, but you can always watch the video as well. The video is just like a commercial if you will. Here is the overview. They have five sections. Usually, it’s good to go through it, because if you’re going to get a loan, you might as well quickly read up. It only takes five or 10 minutes to read up. The very first one, the overview just gives you an example of what’s going on. This is a real high-level overview, and they have an FAQ section. Keep in mind the minimum payment is required every 90 days. That’s probably the one key thing that you do need to know is that you do have to have ongoing sales in your PayPal account as part of the deal here. Section number two is pricing. That’s where they show you. If you look at that chart there in the orange box, that’s where they really show you the fee that you’re going to pay is going to be lower.

Let us give a hypothetical example of an 8,000-dollar loan amount. The fee that you’re going to pay, the loan fee is going to be higher or lower based on what percentage of your PayPal sales that you’re willing to contribute towards it. Either way, it’s pretty cool. No matter how you dice it up, it’s pretty reasonable fees. The fact that it’s not credit based makes it even more reasonable. The next section, number three really talks about repayments and requirements. You might want to just glance through here, because there are minimum requirements over time that you’re going to need to be able to do every 90 days. It should not be a problem for those of you, but you don’t want to have your loan go on a default status. At which point if your entire loan goes in a default status, you’re not paying back your loan obviously. PayPal is not going to be happy with you. They’re probably going to put some restrictions and limit your PayPal account overall, which you do not want. You want to be able to run business. Just make sure you run in volume through there, and make sure you’re kicking back that 10% or whatever towards your PayPal loan. Just be straightforward with them.

For this comparison, this is more just for PayPal’s benefit to show you what it’s like versus other credit cards or traditional bank loans. I think that’s pretty obvious based on this presentation I’ve given you today. Then this one here is how do you apply. Once you’ve gone through a little tour, you log in to get started. You apply right there. You log into your account. There’s an application that you’re able to apply for. That was simple. If you’re set to go, you should just go ahead and do that right now. What about those of you that are starting from scratch or maybe your sales volume is too low to be able to qualify for a PayPal loan? What should you guys do? Don’t worry, there’s a step by step process that you could begin implementing today so that you qualify soon when you needed to grow. A lot of you think, “Oh, I need money today. I need money today. That’s what I was hoping for.” Listen, I’m telling you if you need money today, guess what, you’re still going to need money in 90 days. You’re still going to need money in 180 days. That feeling doesn’t go away. I’m telling you right now if you need money today, you should have done this 90 days ago, what I’m teaching you.

Just get started today towards this process, so you don’t regret it later. Starting today, you need to set two big goals to start generating business with PayPal. Let’s go ahead and break out your notes for this one. Here are the two goals. Number one, goal number one is establish 90 plus days of history with PayPal. Establish 90 days of history with PayPal, where you have transactions coming in. Whether they’re big or small, it doesn’t matter. You just start doing business with them for a 90-day period.Goal number two, generate $20,000 in a 12-month time frame with PayPal preferably in a 90-day time frame. The ideal dream situation would be to generate $20,000 in sales in the next 90 days through your PayPal account. Overall, you need to try to generate $20,000 of the 12-month time frame. Those are the two criteria that PayPal is really looking for. They said, “Hey look, this account is doing at least $20,000 a year in revenue, and it’s seasoned at least 90 days of experience there. Those are the criteria.” Those need to be your two goals. That’s it. Let’s go over these two goals again just to make sure we’re on the same page. Goal number one, establish 90 days of history with PayPal.

Goal number two, generate $20,000 in a 12-month time frame. Ideally like I said, really, you would like to generate $20,000 in a 90-day time frame. In that way, you’re just three months away from being able to have access to unlimited capital. For some of you, this might seem very easy. You might be looking at it going, “Dude, that’s a no brainer. This is great.” For others, this might be more in sales than you’ve actually ever generated in your career. You maybe haven’t generated this amount of money before. Don’t worry though, the purpose of this course is to teach you how to promote affiliate products online and earn commissions into your PayPal account. This is called the $8K Per Day formula I’m going to teach you how to make money in affiliate marketing. That money is going to come to your PayPal account, so that’s going to build. I want you to know this because you need to have a strong goal and a strong foundation of why you want to have this money flowing to your account. $20,000 in sales in a 12-month period is only $55 per day in sales generated, you guys. That is a very simple goal.

That’s for those of you that have some staying power, that focus on the end game, a 12-month period. If your average was $55 per day, then you would be in the game, in the PayPal Working Capital Loan business. Again, just $55 per day in sales. It’s pretty easy. Even if it took you a full year to do this, it would still be worth it, because then you would have access to a funding source for your business to help you scale. There’s no reason this should take you a full year. Let’s look at even more options. Let’s look at this math. $20,000 in sales in a 90-day period is only $222 per day in sales, which is totally achievable. Again, these are sales running through your account. A lot of you might say, “Well, I’m currently not running that amount of sales.” You’re just one creative idea away from it. Most of my friends that I do business with, even beginners, a lot of them are running that volume to their PayPal account.

Especially if you knew you had an agenda where you wanted to be able to qualify for a PayPal Working Capital Loan, then you should just get started. If 222, put that number in mind, 222 per day, and you’ll be able to get there quick. Even if it’s a little bit less, maybe it takes you 120 days, you see I’m saying the math is somewhere between 55 and $222 per day, and you should be able to qualify. In that scenario, you’d be just three months away from this awesome funding source. Those are just averages. It’s more realistic that you would scale up over time rather than having a consistent flow of sales right of the back. What that means is maybe you’re not starting at $222 a day.

Maybe you’re starting at $20 a day, and then you ramp it up to 30, to 40, to 50 a day. Then you ramp it up to 100, 150, 200, 300 a day. The next thing you know over the course of 90 days, maybe now you end up having a few $500 days, maybe even a thousand dollar days. It ends up averaging out. Don’t worry. You don’t have to start if 222 a day seems a little unrealistic, it’s because chances are you’re going to scale up to that. Don’t even worry about it. You got to picture your income like a stock chart or like an S curve or something. It’s going to start up.

This is going to start up a little bit slow in this. It’s going to start spiking up. Here is a more realistic approach that many of you could take starting today. By going though the $8K Per Day formula training modules along with the Smart Launches training course, for those of you that get it, here is what I’d recommend. Set a goal to launch a digital product online in the next 90 days, where you generate a total of $20,000 or more in sales during launch week. I’m going to say this again because I think this is a very powerful goal that many of you should set right now. Set a goal to launch a digital product online in the next 90 days, where you generate a total of $20,000 or more in sales during launch week. Take something like this, the $8K Per Day formula. I create a logo. I create some sessions. I create some PowerPoint slides and some screenshots. Maybe you take a month creating a product, a course or something like this. Then you take another month gathering some affiliates and giving it review access, and getting a few people on board. Then that final month, you put together your launch and your sales. Guess what? Inside of 90 days, I’m sure that if you put together a decent course training some information that’s valuable, there you go.

I’m sure you could do at least $20,000 in a product launch. It’s very, very possible, or maybe $10,000, maybe at least halfway there. That’s how you got to to be thinking. Whatever you fall short on underneath $20,000, you set a second goal to make it up through affiliate sales promoting other people’s launches. Let’s say you launched a $10,000, then you would have $10,000 more to go. What you do is you try to make another $10,000 by promoting other affiliate offers to your buyer’s list. You have other people promote your launch, and the you turn around and promote their launches and vice versa. Meaning, here we are in the straightforward terms. Set a goal to generate $20,000 in sales in the next 90 days through a combination of both affiliate promotion sales and the total sales of your own product launch. You guys should be jotting that down right now as a goal. It’s pretty straightforward. This is a goal I’d highly recommend as a simple resource to be able to help you get a PayPal Working Capital Loan as well as just to make money and be profitable in your business even if you aren’t sure what you’re going to launch.

Let’s say right now you’re just confused. You’re like, “Hey, I’m a beginner. I don’t even know how to launch a product.” You have no experience launching at all. It’s still a powerful exercise to set the goal. You should still set it. It’s just the basic goal. Just set that goal. Once you learn more about this industry, affiliate marketing, and this business model relaunching products, you get to quickly find out there is numerous people getting these results. Even beginners that are in their first 90 days online are figuring out this game, and making money doing this. Don’t worry about that because there is other ways other than relying on your own personal sales ability to be able to generate that much in sales. Watch this. I’m about to show you several other ways. We’re going to brainstorm a few ideas. Then maybe I’ll get on and maybe do a Periscope, and we’ll do another brainstorm or something like that. Right here, here is a few ideas. Are there other ways other than just your own sales ability to be able to make it happen? Of course. Another very common strategy is partnerships.

Some of your ears are going to start popping when you get creative here. Find another person to launch your product with, someone who can help you drive more sales, and now you have two people flooding sales into one PayPal account instead of just one person. Think about this. It’s like how many times have you ever seen a product launch where there is partners? Maybe there is one, or two, or three people. All those sales are going into one person’s PayPal account. That PayPal account could be yours, or that PayPal account be somebody else’s. Maybe you have an agreement that you’re going to get a PayPal Working Capital Loan out of it to be able to help fund your next launch and your next launch. That’s a very, very powerful idea here.

Get a partner. You can split half of the revenues, the commissions earned with that partner, and even share the leads from the launch with them, and they are going to be very happy. Literally, you could do a launch. At the end of the launch, you guys split up the leads and you split up the cash. Guess what, you now how a seasoned PayPal account. That’s likely going to get you qualified for Working Capital Loans. Just like that. You did a product launch with a partner. You split the cash with them. You split the leads with them, and you guys are done. You’re all set, but now you actually are the owner of a seasoned PayPal account. That is a very creative idea. I’ve watched people do this with my very own eyes. Based on how good that partner is that you select, it’s possible to get a result like this in a single month or even a single week. If you feel like you’re a networker and you’re good at establishing partnerships, this is something you should definitely consider.

For example, let’s look at me personally. When I choose to promote an affiliate product for someone, I’ll sometimes sell $20,000 or more myself as an affiliate, so literally because that makes me about $10,000 in commissions. I would say that’s a typical product launch. Sometimes I do less. Sometimes I do more. It all matters on the product and the feat, and stuff like that. On average, probably $20,000 in sales per launch that I promote, and I’m just one person. Think about that. There is people out there, there’s affiliates out there that when they promote something, they’ll do that much volume themselves with just their email list sending a few emails. It’s very, very powerful when you find the right partners. Let’s dive into this a little bit deeper for more understanding, because this is a powerful concept that once you truly get it, you’re going to have a breakthrough. That’s what I want to do. I want you to have a breakthrough.

Here we go. Let’s say that you launch a product on Jvzoo. The way it works is that when a customer buys the product, the money goes into your PayPal account first. Then Jvzoo automatically pays the affiliate, and takes their own cut all automatically. Let me explain it for further. When you launch a product on Jvzoo, you hook up your PayPal account into it. Then you give Jvzoo permission to be able to manage your PayPal account. What happens if you sell your product for $100? That whole $100 goes into your PayPal account first. Then 5% comes out to Jvzoo, so $5, and usually 50% comes out to the referring affiliate, so $50. $100 goes in, $55 comes out, and then you’re left with $45. Then of course PayPal has some slight fees there, but you’re left with that. Here is the thing. What PayPal sees is that full $100 that goes into your account. PayPal sees that you have sales coming in, you have money coming in, you have revenue coming in. That is what makes this powerful you guys. Some of you are going to have a light bulb go off and go, “Oh my gosh, this is huge.” That’s why one of the reasons why I like doing a lot of business too besides Jvzoo and why I don’t mind using PayPal.

A lot of people try to avoid PayPal, but I don’t. PayPal sees the total amount go through your account, so you begin to establish a history with them that helps you qualify for a loan. That’s why finding a partner or partners can help so much, because the more leverage you get towards your own PayPal account, the better. It doesn’t have to be just you building up your account. You can have a team of people building it up. This same partnership approach can be taken for affiliate promotions on other launches as well. Before we get into that, let me just go back to this previous slide about partners and partnerships. Let me give you another creative idea right now. What if you basically got together with a few of your friends and you said, “Hey, here is what we’re going to do. We’re going to focus number one on your own on one PayPal account at a time. Let’s do a launch. Let’s team up, and let’s rocket through this PayPal account. Then the very next launch, we’re going to do it through your PayPal account. Then the very next launch, we’re going to do it to the other person’s PayPal account.

What happens is you could actually all hook yourselves up with the ability to do PayPal Working Capital Loans just by rotating through three launches in a row. There’s a little quick creative idea for some of you to be able to get some partners excited about that. Let’s talk about affiliate promotions on other product launches as well. Let’s say there’s a big contest happening on a product launch. This happen every single week. You can go to sites like MunchEye. You can go to sites like JV Notify Pro. You can go to these sites that basically are directories that feature product launches and contests and stuff like that. You find one that has a big contest, cash prize, five, 10, 15, $20,000, $50,000, who knows. You find a couple of partners, and you ask the product launcher if they accept teams. A lot of them do. You go find a couple of partners, and you all promote the launch together. Check this out. The commissions get paid into your PayPal account, and then you divide the funds up with your partners based on the percentage that you’ve set up. You can set it up however you like. Why would other people want to do this?

Why would other people want to promote something that goes through someone else’s account? It happens all the time, because they can operate as a team, which is going to help them rank much higher in the sales contest for that launch, which can often result in huge prizes. I’ve done this myself. I’ve actually been on board with a launch, and I got a couple people to promote under my number as part of my team. Then I basically gave them their commission cut. Whatever sales they sent, I paid them their full commissions, and they got a cut of the overall prize if we want it. I’ve done this before. You can operate as a team when you’re promoting other people’s stuff. For example, I’ve won affiliate contests and earned $5,000, $10,000, $20,000, even $50,000 in prizes on affiliate contests. Guess what, that money goes into my PayPal account. Let me go back to that. When I win those prizes off and give them my PayPal account, and boom, that money goes right into the PayPal account, again more seasoning. How do you find partners like this? It’s all about sales, or I should say it’s all about selling. It’s all about persuasion. Get good at sales. It’s all about how you position the opportunity for them to be your partner. People are always looking for an opportunity to earn more income. That’s a fact. They’re looking to find more effective ways to generate revenue.