Five Secrets to Creating Wealth Online

Finally, at long last a blueprint for internet business success. There are five secrets to creating wealth online. If you will follow these simple rules you can not only succeed where others have failed but you can create generational wealth from your own online business which will benefit your family in years to come.

Rule 1: Select a product or service that has broad market appeal!
It will do you no good to have a monopoly in a certain market niche if you don't have enough customers to stay in business. In other words your product or service must be attractive to a vast number of customers. You are aiming for a wide customer base not a select few. Notice also that the above rule says "product or service". You can have one or the other or preferably both.

Rule 2: Make sure you have a webpage!
The advent of the internet has resulted in many online business to replace bricks and mortar. You've got to have an appealing webpage or at least your own lead capture page. There are several ways to go about creating a webpage. You can build your own webpage or you can outsource it. There are some good sites out there now which are not expensive or you can check out some of the hosting companies. You might be able to skip this step if you join a business which already has a webpage but you would then need a lead capture page which links to the company's website. It is not nearly as expensive to create your webpage as it was in the past but you must have one.

Rule 3: Limit your expenses!
Hey, wait a minute. Didn't I just tell you in the last paragraph that you had a to have a website and that costs money? Correct, but it need not be expensive. Too many people dive in to their own new business and don't watch over their expenses. They soon find themselves drowning in debt and wonder why their business is not profitable. You must have a handle on all expenses in your new business. An internet business will provide opportunities to save money in many areas that a traditional brick and mortar business can't. Just think about salaries for salespeople, rent, workers compensation insurance, and marketing in an online business as opposed to a traditional business. And, speaking of marketing, that brings us to the next secret.

Rule 4: Develop a good marketing plan!
The internet offers many opportunities to develop a good marketing plan while saving money as you do so. Traffic generation is the key here. It is true that a lot of successful internet marketers do spend money on such things as pay per click advertising but it is not necessary in order to be successful. Especially when starting a new business you want to take advantage of the many methods of marketing online which are free or very inexpensive. You may want to look at blogging, writing articles or coming up with your own e-book. It is a trial and error process and you have to find what works for you. Once your business starts bringing in the big bucks, then you can afford to spend a little money on paid advertising. Now, finally we come to the last secret.

Rule 5: Increase revenues with affiliate marketing!
Any good investment advisor will preach to you about the wisdom of diversifying your holdings among different asset classes. The same principle holds true about the revenues for your internet business. Why limit yourself to just one income stream in your business? If you choose really good affiliate partners you can successfully market other site's products and services in addition to your own and make a lot of money in referral or affiliate commissions. And the best part is there is no limit to the number of sites with which you can practice affiliate marketing. This is the greatest secret to creating wealth online.

In sum, if you are considering the plunge into becoming an online entrepreneur adhere to the five secrets above. Creating your own website or lead capture page is a must, as is offering a product or service which has very broad market appeal. Do not forget to limit your expenses. It is critical in any business endeavor to pinch pennies in the beginning. What about the marketing plan? This is one of the most important aspects of your business. Any internet marketer worth his salt will tell you that you must develop a good marketing plan. Remember you may have to try a number of different internet marketing methods before you find what works best for you. And, I saved the best for last: increase revenues with affiliate marketing. I cannot overstress this point enough. So, follow the secrets and you'll be on your way to creating your own wealth online.

Billy Anderson III, JD, MBA, has started and run a number of successful businesses. As an entrepreneur he is among the top income earners on the internet and enjoys helping others. For more information please visit http://www.createwealthwithbilly.com

Article Source: http://EzineArticles.com/?expert=Billy_Anderson_III

How to Take Small Steps to Bigger Sales

I'd like you to take a closer look at the range of products and services you're offering to potential clients. If you're like many of the small business owners that I meet and work with your offer is plain and simple. It consists of the provision of your one-to-one services. One offer - take it or leave it.

Now consider your offer from your potential client's prospective. There's often a distinct reluctance to buy especially if they've not experienced you or your service before. You may be a stranger to them and you're asking them to purchase your service at what may be a relatively high price. It doesn't sound too enticing does it?

In the client's mind they have the option of buying or not buying and unfortunately many times they simply choose not to buy. I would argue that some of the time the initial step you are asking them to take is just too big. Therefore you end up with a big step to small sales.

How about having a wider range of offerings so that a prospective client finds it easier to enter a one-to-one relationship with you? How can you make the initial step smaller and easier for the prospective client to take? Once they are on board you can then market to them so that you have a smaller step to bigger sales.

What Else Can You Offer?

Here are a number of different options that you can offer to prospective clients so that the initial step is much easier for them to take:

1. Publish an Ezine (Email Newsletter)

This is a great way for prospective clients to get to know, like and trust you and warm them up to buying your one-to-one services at a later date. It's very simple for a prospective client to sign-up for your ezine and it doesn't cost them anything. It also gives people the opportunity to get to know the way you think, your personality and exactly what type of services you offer.

The service I use for sending out my ezine is 1ShoppingCart.com. Go here to sign up for your 30-day trial now. Get your newsletter started today and stop putting it off!

2. Write an eBook or an eCourse

Writing an eBook or eCourse is a great way to offer added value to your target market. It also provides a platform for you to demonstrate your expertise and knowledge and invariably allows you to establish your credibility with your prospects.

3. Offer Tele-classes and Workshops

Giving FREE tele-seminars is a fabulous way to promote your business, help your prospects get a sense of who you are, develop your reputation, increase your ezine subscribers, and jack-up sales. I've been offering free tele-seminar for some time now because it gives people an introduction to what I teach (how to get more business without working harder). These calls have generated tons of new ezine subscribers and subsequently more paying clients.

The real benefit of both tele-classes and workshops is that they leverage your efforts and maximize the use of your time. You can reach multiple people at the same time and if you're doing a tele-seminar the added bonus is you don't even have to leave your home!

Giving PAID tele-seminars promotes your business and generates revenues as well. I do one paid tele-seminar at least every two months on a different marketing topic.

There are many other options that you can offer to potential clients to make it easier for them to enter into a business relationship with you. You could also consider offering an "intensive" or "bootcamp" series of multi-week programs. What else can you think of?

About The Author: Victoria Player - The Marketing Coach is the founder of Innovation Coaching . She is also the author of the weekly publication 'Magnetic Marketing Tips'. If you're a coach, consultant or other solo-preneur who's struggling to attract paying clients and you want to learn inexpensive marketing techniques that will boost your business then take a look at her free tips now at: http://www.InnovationCoaching.co.uk

Article Source: http://EzineArticles.com/?expert=Victoria_Player

4 Fantastic Steps How to Earn Money Online

Together with the increasing number of internet users, those who are looking to make some side incomes or wanting to make a living online also are increasing drastically. The internet marketing industry has been booming since then. A lot of people are trying to make money from the net, however, only a small group of them are actually making a lot of the money, while the rest are having hard time making their first dime.

Why is this so? Most people do not know how to start or where should they start. No matter you are trying to make a fortune online or you are just trying to build a side income, you should follow these 4 fantastic steps of how to earn money online:

1. The first thing you have to do is of course, to identify the market you are going to penetrate. You have to find out how profitable your market is, how big your market is, the competition in your market and so on. And make sure that you are going into a market where you have some knowledge about.

2. The next step is to build a website. If you don't know how to build a website, just create a blog or use a lead capture page. You must have a website in order to have more control over your business. You can then either promote affiliate products or your own products there. Make sure that you pre-sell your visitors and build relationship with them instead of selling them directly.

3. Drive massive amount of traffic to your website. The keys here are focus and take action. You need to take action to drive traffic to your website. If you are not taking any action, nothing will ever happen. Plus, you have to stay focused in just one traffic generation strategies. If you are trying with article marketing, then stick with it until you mastered it.

4. Decide either to improve your business or to go into another niche. After you have gone through all the steps above, you will make some sales and you will see money starts to flow in. This is the time for you to decide whether should you automate the process and improve your profit for your current internet business, or to start another new business.

These are the 4 fantastic steps how to earn money online. As long as you stick with these basic steps, you will make a lot of money from it. It is not as difficult as you think. As long as you are willing to learn and take action, nothing can ever stop you.

Article Source: http://EzineArticles.com/?expert=Shawn_Lim

The "Formulas" For Online Sales Success

Some of you may be skeptical about changing your website, some of you will not even give it another thought and some of you will test different strategies, headlines etc in a bid to maximize your conversion rate.

Guess who will be the most successful?

Exactly, if you're not prepared to test different headlines, strategies and sales systems on your website you'll never realise it's true potential and I'm not just talking about small percentage increases here I'm talking about sales increases of up to 400%.

Think about that. What would a 400% sales increase do to your bottom line?

Now not all of your tests will yield rewards & some may actually reduce sales. The thing is not to think of these as failures rather think to yourself, I've successfully identified one strategy, headline etc that doesn't work with the market I am targeting and move on to the next one.

So how do you test each of your changes?

Firstly, you need to have your tracking software in place.

Google analytics is very powerful, free and easy to set up. Most of you by now should have this up and running on your site, if not head over to Google and check it out.

Next you'll need to know which stats to monitor.

At the most basic level you need to be tracking the total amount of unique visitors to your sales page each month.

Note: server hits & server requests do not tell you the amount of unique visitors, in fact, toady server hits and requests are pretty much useless to us for monitoring results.You also need to be tracking the total amount of sales and sales revenue generated by each sales page on your website.With this information you can calculate your website conversion rate and your average transaction price.

How to calculate conversion rate:
EG: 25 (Sales) ÷ 1000 (Visitors) x 100 = 2.50 (2.5% Conversion Rate)

How to calculate average transaction price:
EG: £1,200 (Rev) ÷ 25 (Sales) = 48.00 (£48.00 Average Transaction Value)

If you've not yet been monitoring, tracking & recording these statistics you'll need to start right away and leave your website alone for at least 1000 visitors over a minimum of 1 month.

Why?

Firstly this will give you a good base line of how well your website is performing at the moment including all the peaks and troughs of the month with a suitable amount of visitors.

Secondly each and every change you make to your site should be monitored over the same period of time.

Now although we can monitor through the same period of time your traffic will vary slightly which is why you need to calculate your website conversion rate.Once you are consistently monitoring these results making and monitoring changed is simple.

However, (and this is important) only make one change at a time and then monitor the results over 1 month and at least 1000 visitors.

Why? Well the answer to that is simple.

Let's say you changed your headline and at the same time changed your guarantee statement and your sales conversion rate didn't change. What if your headline doubled sales and the guarantee actually halved sales or vice versa.

How would you know exactly what's happened?

You wouldn't, if you actually do this you'd think oh we'll sales didn't change let's move onto something else, oblivious to the fact that you could be doing twice as many sales.

So it's extremely important that you're patient and make only one change each month and then monitor and track your results.

However, occasionally it will be glaringly obvious throughout a month that a change may be dramatically hurting sales, in this case simply put the change back and come up with something else. There's no point in waiting an entire month if you're noticing a huge difference in the wrong direction.

Keep to this system and test something new every month. I promise you'll dramatically improve your websites conversation ratio. Especially as I'll be giving you great strategies and tips over the coming months that have made huge differences to both our websites and the many clients we coach.

For those of you who don't want to wait an entire month to cover a wide range of changes you can use "Split Testing". This is where you monitor the sales and conversion rates of 3 or 4 sales pages at the same time. Whilst this is simple to do with information products or one page sales process systems it can be extremely difficult with multiple product or catalog based style websites.

Jon Stringer Is A Writer/Advisor For MarketingTipsUK.Com Offering Internet Marketing Tips To Large And Small Business For More Information visit http://www.marketingtipsuk.com

Article Source: http://EzineArticles.com/?expert=Jon_Stringer

Making Money in MLM Using Craigslist Classified Advertising

Classified advertising is a very good method of advertising that you can use for your network marketing business. It is an inexpensive form of advertising which is common in newspapers and on some websites - such as Craigslist.

So how does this classified advertising work if you want to generate leads online?

The adverts are text based and you write a few lines in your ads to encourage people to click on your links. Although your ads will be squeezed amongst loads of other classified ads, you can still get people's attention by writing a compelling ad.

One of the reasons classified ads are so very effective is because of their low cost and simplicity. Google and Microsoft are currently offering free classifieds. Their free classifieds advertising power is growing into an international force; eBay has reportedly invested more than $1 billion in classified advertising and online sites all over the world.

Craigslist is a popular and well known site. It is one of the most visited classified ads sites on the planet and people place all sorts of ads in Craigslist based on locality. Because you are able to locate where your target market is, you get to tailor your ad towards the locality - e.g. network marketing seminar tips in Texas!

Since publishing costs are reduced when people place their ads online, it is getting more and more competitive. But this is good news for you - the advertiser. The margins are getting smaller and smaller, and you can save loads of money because all the classified publishers are engaged in a price war. That's great news for you!

Here are a number of truly effective ways you can use to build your network marketing business using classified advertising:

1. Go to www.craigslist.org and select the city that you would like to start with and pick the category that you would like to advertise under - namely the 'small business ads' section.

2. Write a great headline - some of the best headlines contain the words 'how to' or 'free'. Because people are inquisitive by nature, these two headlines attract the most people to read it. Enter the city you are in to drive even more targeted traffic there.

3. Classified advertising is all a numbers game. If you know that a certain number of people are going to click on your ads, you can try and expand your 'influence' to as many people as possible. Don't focus on only one location. Write a couple of headlines and pay someone to post your ads on all the Craigslist locations around your location.

The most important thing about driving classified ads is to track your ads and see if your words are converting the prospects into clicks or not. Mix and match different advertising headlines until you find that truly winning formula!

If you want more traffic methods on how to get more prospects to visit your website, check out the resources below.

Jaz Lai is the King of Online Network Marketing. Download your free white paper and audio on how to use the internet to Double or Triple your organization within the next 30 days. Available for the next 24 hours only, click below for instant access : http://www.HowToNetworkMarketing.com Article Source: http://EzineArticles.com/?expert=Jaz_Lai

Passive Income - The Way to Make More While You Work Less

Many people who work 50, 60, 80 hours a week, dream of a way out of the rat race. They want to be able to take time off whenever they want to without worry about loss of income or repercussions. Whether they are entrepreneurs or they work for someone else, they are trapped. Does this sound like you? Passive income streams may be your ticket out of the rat race.

There are three types of income, one time, linear and residual. With one time income you do a job and get paid. To generate more income you have to do another job. For example, real estate agents generate one time income. They sell a property and get paid. Then, to get paid again they have to sell another property.

Linear income is where you have ongoing pay for ongoing work. Most people who have a job receive linear pay. Each paycheck is the result of so many hours of work at a certain rate of pay. However, if you stop working you stop getting paid. To get paid more you have to work more.

Finally there is residual income where you work once and get paid over and over for that one time work. Moviemakers for example receive residual income. They make a movie and get paid over and over each time that movie is shown. This can go on for years. And a feature that sometimes happens with residual income is that it is also passive.

With passive income you stop being directly involved to receive pay like you do with one time pay or linear pay. Some passive income sources are royalties on books or inventions, payments on rental property or billboards, vending machines, investments such as bonds or CDs, or network marketing. The benefit of passive income is that it comes in whether you work or not. That frees your time to enjoy more personal and financial freedom.

While some types of passive income take considerable time and or money to develop, one type, network marketing can be accomplished relatively quickly and for far less money.

The key to network marketing success is leverage. Network marketing is a leveraged income business where you and everyone you bring into the business contributes a small amount of time and money consistently that builds your and their network of customers and distributors over time. Then, all qualified distributors in the network receive a commission based on the volume of products sold.

It becomes a passive business when the volume of products sold monthly is consistent enough to allow you to stop or near stop working the business and not reduce your level of income. With the right, consistent work, some network marketers have accomplished this is 3 to 5 years.

Get your FREE report that shows you how you can build a wildly successful network marketing business right over the internet. No meeting, no bugging friends or relatives. Attract people that are interested in you and your opportunity. Go to http://www.onlinemlmadvantage.com Article Source: http://EzineArticles.com/?expert=Caralynn_McClendon

Here's How You Can Tap on Millions of Network Marketers in eBay

Did you know that one of the best places to generate network marketing leads is, in fact, ebay!

eBay is a market that is loaded with ready buyers - as many as 400 million! And more are signing up every day. People love buying from eBay because they can get products delivered to their own homes, and in certain countries they get to buy things cheaper because they bypass their country's taxation laws.

It's easy to see why eBay is so popular - but how can you use it to generate leads?

In order to make big money in eBay, your best strategy is to sell a low end information product as a way to generate leads and cash flow and build a solid relationship with your buyers. This gives you the opportunity of selling a back-end product to your buyers - namely using your network marketing business opportunity.

So first you need to create a product that you can use to sell on eBay. Info products are usually best for this. Your info product can be very simple - like a CD, a short special report or a DVD that will help educate your buyers about the network marketing industry if they are newbies. They will be hungry for information so make sure it offers loads of value.

If your buyers are already sold on the idea of network marketing, you can then sell them a short course that will teach them how to generate leads or grow their business quickly.

Remember, your goal is to build relationships with your market so don't hard sell them initially - especially your network marketing business opportunity!

Here are a few ideas of how you can drive traffic effectively using eBay:

Create a product that is truly educational. Use it to inform others all about network marketing and share with them how you can help them to grow their business and brand yourself as a leader in their eyes. Remember, branding and positioning is everything so make sure you brand yourself as a network marketing expert.

Your product must contain links to your network marketing opportunity or a higher price MLM product. This is called the back end. You don't just want to make sales on the front end alone - that's not how to generate leads.

While you are on eBay, try and build your sellers feedback. This will further enhance your credibility when you sell more and more products to people.

Another good way to get fast quality leads is your pricing. Because we are not going to concentrate on the front end sales, you can price your product lower so that more people can buy from you. Then you hit them with your backend sales for more profits.

Remember, the most important thing you need to do is to generate as many leads as possible so don't worry so much about your profit margins. As long as you are profitable or breaking even you will be fine. You main objective is to generate leads for your backend which is your network marketing opportunity.

Remember that consistency is the key to success. So don't give up if you don't make any sales initially. You may need a few try before your sales start rolling in.

If you want more methods on how to generate more leads to visit your website, check out the resources below.

Jaz Lai is the King of Online Network Marketing. Download your free white paper and audio on how to use the internet to Double or Triple your organization within the next 30 days. Available for the next 24 hours only, click below for instant access : http://www.HowToNetworkMarketing.com Article Source: http://EzineArticles.com/?expert=Jaz_Lai