Category ArchiveWealth Creation
General &Wealth Creation 16 Jun 2010 10:54 pm
A Virtual Business from Your Home – 10 Tips to Get Started
“In order to have a business you obviously have to have a product. It can be one you have created – either physical or digital – or one that you have the right to distribute.” – Jane Trevaskis
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Starting a business from your home is an idea that appeal to many of us. It’s particularly appealing to those who have retired from full time jobs but want to stay active. But there are necessary steps to take before you start your business so you don’t bet in trouble with the authorities or burn yourself by not putting the necessary systems and procedures in place. Here are a few guidleines to help you get of to a good start in your own business.
1. An idea or product – in order to have a business you obviously have to have a product. It can be one you have created – either physical or digital – or one that you have the right to distribute. There are many places on the Internet where you can acquire distribution rights to products others have created.
2. All the legal stuff in place – get some kind of legal advice to make sure you have everything that the local, state and federal governments require for a business of your type.
3. Financial systems in place – hire an accountant or find and learn how to use an appropriate computerized system to track you expenses and income. If you’re not a numbers person, find someone who is and engage them on a full time, part time, or consultative basis.
4. List management system – The heart of any Internet business is it’s email list. Select one of the many programs out there that is compatible with email services.
5. Auto responder system – this is a service that, once a person is entered into the system, automatically contacts them on a predetermined schedule.
6. Credit card processing vendor – Absolutely vital — this is how you get your money. The service can be provided by your bank or an independent company.
7. pdf creation program – If you are selling a digital product you need to have some way to convert your Word file to a file that someone else can’t edit.
8. Teleseminar equipment – A phone with a hard wire connection and a good quality headset and microphone.
9. Method for fulfillment – If you are offering a physical product you need to create a way to fill the orders or hire a company that does that.
10. Followup method – The autoresponder system will only work for a single product. To offer additional products to someone you need to put in place a system by which you contact them regularly.
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==> www.sourcecodeproducts.com/4/building-a-virtual-corporation/
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With your permission, I’d like to offer you a free list of books and websites that can help you jumpstart your business. To check out these resources visit www.success-catalyst.com/SmBus_Home_Page.html
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“Nobody likes to read BORING content. We turn off boring television programs, we fall asleep reading boring books and we keep our credit cards tucked firmly inside our pockets when we read boring sales letters, ezine articles, solo mailings or special reports.” – Jimmy Brown
Wealth Creation 08 Sep 2008 10:38 pm
Why Smart Business Owners Make 10 Times More Profit – This Is How
“Smart business owners are not concern about saving because it’ll not make them richer.” – Patric Chan
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Featured Article by Patric Chan
I pay close attention to any techniques that can lower my cost on advertisements, especially
pay-per-click (PPC) traffic like Google Adwords.
For instance, I’ll do what I can to lower my PPC cost from 0.05 cents to 0.03 cents per click.
When I was showing a technique to lower the bid price in Google Adwords in a workshop I’ve
conducted last time, I can see that one of the attendees sitting wasn’t impressed at all.
So I asked him why.
He immediately responded, “I don’t see how saving 2 cents can make me richer.”
“It’s just not worth doing that Patric, I would rather spend my time testing other traffic methods.”
I paused for a few second and smiled. As a matter of fact, I do agree with him for SEEING THAT ANGLE – saving the measly 2 cents is pointless.
That’s provided if you just spend $10 to advertise. But if you’re someone spending $500 a day, you’re looking at some major savings.
**BUT**… that’s still NOT the point. That’s the obvious reason but not what I’m looking for.
You see, it’s not about saving.
It’s about growing your business tremendously.
If you’re paying 0.05 cents per click, it means that with a budget of $30 a day, you can get 600 visitors. Simple math.
And assuming that your product sells for $10 and you’re getting 3% conversion.
So basically, you’ll make $180 ($10 x 3% x 600 visitors) from $30 advertisement spent.
$180 revenue.
Now, let’s say you’re able to lower your PPC cost to only 0.03 cents – it means you’re now driving 1,000 visitors with the same amount of $30 advertisement budget.
Your ‘new’ income will be:
1,000 visitors x 3% x $10 = $300.
Basically, if you’re just able to just lower your PPC cost by 0.02 cents, you’ve increased your business by 40% profit!
Smart business owners are not concern about saving because it’ll not make them richer.
Saving the $12 ($30 budget – $0.03 x 600 visitors) is not profitable – at all.
You’re making $120 EXTRA, not saving $12. What smart business owners see is getting MORE traffic for the SAME amount of advertisement spent. Again, all simple mathematics to get the numbers right and you’ll break the bank.
Now, if you’re paying 0.10 cent per click and you have a way to reduce it to 0.01 cent instead,
it means you’ve now automatically grow your business 10 times fold. Congrats.
From $10,000 a year to $100,000. And all it takes is a small ‘adjustment’ like this, no rocket science.
In the Inside Underground Marketing Lab workshop,I’ve proved a method how I get a $0.30 per c1ickkeyword to only $0.03 cents in just 30 minutes.
And that’s just one business model I’ve shared.
Then there’s another business model I’ve shown to build your mailing 1ist by using joint venture partners and it allows you to build instant credibility.
On Day 2 of the workshop, I’ve spend HOURSrevealing instant m0ney making tactics andlong-term business growth strategies.
One of them include an ‘unflavored’ tactic totake over your competitors in Clickbank.com withoutthem knowing what you’re doing. It’s kinda trickybut highly effective.
The ONLY PROBLEM IS THIS – You got to hurry.
You see, if EVERYONE knows how to get 0.03 centsper click, it just a matter of time before your competitors start using and making it tough for you- you’ll be competing for the same pie.
Now’s your chance to get over 9 hours of therecorded workshop sent to your doorstep safely and professionally via FedEx:
==> www.marktse.com/recommend/lab/
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You may reprint this free article on your own website, blog, and ezine by reserving the resource box with clickable active links.
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“In any business, the business man is just a salesman who wants to make sales. And you cannot or may not make sales if what you are offering for sale is not the type of product that people are looking for. So it becomes very necessary that you find out the needs of the people and fill the needs.” – Edeh Chijioke
Wealth Creation 01 Sep 2008 09:58 pm
About Those Who Make Money Online (And Don’t)
“Tactics are normally used for quick results and their effectiveness is subjected to change. They might work very effectively right now but 6 months down the road, they might not work anymore.” – Patric Chan
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Featured Article by Patric Chan
There are generally three levels of marketers
marketing online…
1. Those that haven’t make money online before
2.Those that make money but not consistently
3. Those that knows and ARE making money online
I will be able to address each of them and why you’re
in that level but first – let me share the secret of
making real money online.
The first thing is to truly identify what you’re
trying to achieve. I mean, is your plan is to make
money in 24 hours, a week or 6 months later? Do you
want to create an instant flux of income, part time
income, passive income or to completely replace your
job? How about this – do you just want to make money
online, to own a business or to create a legacy like
owning youtube or some kind?
DUDE – KNOWING WHAT YOU’RE TRYING TO ACHIEVE WILL
DETERMINE YOUR BUSINESS MODEL.
To stress my point, you can make money in 24 hours by
selling some junk on eBay or email to your friends
with affiliate link to buy a book from Amazon. But
is that your goal? Or your goal is to make a million
dollar online? Well, you can make a million with the
right business model and you’ll also need understand
the efforts needed to put in. But it is POSSIBLE; many
have done that including me.
Next is knowing your market. Sounds like some cheesy
advice you’ve heard everywhere- the difference here
is, I know what I’m talking about. Say your ‘business
model’ is to write your own ebook and sell it online.
That’s great but what’s the topic and to who?
You can’t say, “My market is selling ebook”. That’s
insane. Market, market, market.
Jeff Bezos of Amazon can say his market is selling
all kinds of books online and he’s RIGHT. Most people
don’t understand is that, there’s only ONE Jeff Bezos.
He is the pioneer and market leader. If you are going
to have a business selling books online, just ask
yourself this- will you buy books from amazon or
some new site that you don’t know? Go figure.
Once you know these, then learn tactics and
strategies. There’s a BIG myth that goes around saying
that tactics are unimportant – you just need
strategies. That’s like saying… to achieve goals,
use ‘Laws of Attraction’ but you don’t need to know
how to practice it.
Both are equally important.
Tactics are normally used for quick results and their
effectiveness is subjected to change. They might work
very effectively right now but 6 months down the road,
they might not work anymore.
Strategies are more like principles that are set in
stone but I’m not saying that they’ll never change.
A quick example – using popup is a strategy that is
proven to generate more sales. But different types of
pop ups will give you different results. Knowing which
type pop up to use, where and when IS tactical.
Once you have the tactics and strategies in your hand,
then it’s easy for you to determine what traffic
source to use, what is your front-end income generator
and so on.
Level one of marketers who don’t make money online is
simply because they probably don’t know what they
truly want (long term or short term income), don’t
realize the importance of selecting a market or don’t
have strategies and tactics.
Level two are normally those who are tactical. To have
consistent income, you’ll need to be strategic and
understand your business model.
Doing all of these correctly will ensure that you’ll
experience a different level of success compare to
where you’re today.
Patric Chan
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Previously, Patric Chan conducted a 2-day workshop
that attendees paid $3,997 to attend and the good news is,
it’s now transformed into a 9-HOUR, 45-MINUTE course.
In it, you’ll discover his 7 short and long term business
models, killer tactics and business growth strategies.
Go to:
==> www.marktse.com/recommend/lab/
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You may reprint this free article on your own website, blog, and ezine by reserving the resource box with clickable active links.
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“Making an online income, or rather, building a web business, requires a lot of hard work. Work and time and energy and ideas and enthusiasm.” – Phil Wiley