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How to Raise Money for Product Creation

Here’s a sneaky little underused tactic for making money before you even create your product: Decide what your product is going to be and write an outline for it. From this, create a list of bullet points that presell the product.

How to Raise Money for Product Creation

Now using these bullet points, offer your upcoming product to your list as a Beta test.

Tell your list:

  • The product is being created right now
  • They will get the product the moment it’s finished – expected delivery date is ___
  • They are getting a killer deal because you want and need their feedback
  • They are your beta testers. If it’s software, they will look for bugs. If it is written material, they will let you know about typos, what they think should be added, etc.
  • Once you get their feedback, you will fix any bugs, add what’s missing, fix typos, etc. and send them the finalized, polished version.
  • You will then offer the product to the public for a significantly higher price than they paid.

Not only does this give you some money up front to work with – it also provides you with valuable feedback you can use to make your product even better than you originally planned. Guaranteed a handful of your beta testers will give you suggestions you never would have thought of by yourself – suggestions that can greatly increase your sales later.

In fact, the feedback aspect alone makes this technique well worth doing. One caution: Do not be tempted to give away your Beta product – 9 out of 10 people you give it away to will never get back to you with feedback because they have nothing invested. When you charge something, even if it’s only a paltry sum, the number of users who give you feedback will greatly increase.

The one exception to the previous rule is people you personally know, like friends and JV partners. Because you already have a relationship with them, they don’t need to financially invest in order to feel vested in your success.

Special bonus for using this technique: Ask your Beta testers for testimonials you can use in your sales material.

Is Your Business a Continuity Zero, or a Continuity Hero?

Continuity is a fancy term for recurring profits, like a membership site that your customers pay for each month they remain a member. From a marketing standpoint, continuity is awesome because it means a steady income for you.

Is Your Business a Continuity Zero, or a Continuity Hero?

But from a customer standpoint, continuity can either be a wonderful thing or terrible headache, depending on… YOU, the marketer.

Let’s face it – you would love to have as many paying subscribers to your continuity program as possible, and you would like to keep them as members as long as possible.

But some marketers take this too far. WAY too far. Unscrupulous marketers (which you are NOT) will make it difficult for members to cancel. Worse yet, they will force customers into continuity membership against their will. For example, they’ll hide the fact that the customer will be billed monthly. Because this is illegal, we see less of this technique than we used to, but it’s still out there.

The second thing less than honest marketers will do is offer Product A for $1, and then attach one month’s free membership to Membership B for free. Of course, after the first month then the customer is seeing a charge on their card that they didn’t expect – the charge for Membership B. If they didn’t read the fine print on the sales letter closely, or if they forgot they needed to cancel, they’re going to think they’re being ripped off. And while you can argue it’s legal, it’s not going to earn the marketer any brownie points with the customer. In fact, that customer will likely never do business with them again.

But here’s the question we should be asking these marketers: Why do they find it necessary to hide Membership B behind Product A? If the membership is so great, why not promote that and use Product A as a bonus?

Here’s the lesson we can learn from this: How you treat your customers today will directly affect your income tomorrow. If you try to hide your continuity in any way, your business and your reputation is going to get hurt.

Instead, make Membership B an amazing value, and then brag about it to the moon. Tell customers up front that it’s $1 today and $47 a month after that. Let them know 3-5 days prior to charging them that you will in fact be charging them, and if they want to cancel, here’s how they can do that.

And if you’re worried this will lose you subscribers, let them know they’re going to get a powerful bonus each month, something that will stick them to you like glue.

The subscribers you keep will love you. You won’t have to worry about your name being dragged through the mud on social media. Your customers will TRUST you and want to buy more stuff from you. And affiliates and fellow marketers will WANT to promote you hard and often.

Bottom line: Treat customers like you would want to be treated, and you’ll build a business that will last a lifetime – not just until you get found out.

Which Method Should You Choose To Make Money Online? Here’s What Works…

There are thousands of courses you can buy that will tell you how to make money online. But there is only one method – sell something to someone.

Which Method Should You Choose To Make Money Online? Here's What Works...

That’s it – that’s the ‘secret’ to making money online.

And once you know the ‘secret,’ it’s just a matter of deciding what you’re going to sell and who you’re going to sell it to.

The easiest way to do that? If you already know the basics of marketing, then probably the easiest method is to turn off your Internet connection and just get busy.

Because building your online business while buying every IM program that comes along is a lot like trying to get across town when you’ve got a hundred people telling you different ways to get there.

“You gotta have the right shoes or you’re not gonna make it – buy these.”

“You better buy our raincoat, it could rain and then you’d be in trouble”

“Dude, use my method and you can avoid the ugly side of town.”

“Take my shuttle bus and it will get you there faster.”

“Go talk to my friend Joe and he’ll fix you right up, only $9.99.”

“You better buy my car because otherwise it will take you forever to get there and besides, it will pay for itself.”

“Forget the car, take my limo and we’ll do the driving for you.”

“Limos are too slow and cumbersome, buy our jet plane. You’re guaranteed to get there fast.”

“That is way too complicated, just ride our camel, he already knows the way.”

“Look, that destination is over saturated and it’s too late to go there. Here’s where you should go instead, and don’t worry – this way works for everyone.”

And so forth.

Pretty soon you’re so confused you don’t know what to do. Meanwhile, the gal who chose her path and ignored the rest has already arrived at her destination. She’s sipping pina coladas and wondering why everyone says it’s so hard to get to where she is. And she’s looking for you… only you’re not there yet.

Get the point? Choose a method, get busy and stay focused until you get there. The rest will take care of itself.

Use THIS to Get the Sale and THAT to Keep the Sale

Long story short – people buy based on the benefits, and then they justify their decision based on the features. That’s why you need both to sell.

Use THIS to Get the Sale and THAT to Keep the Sale

No one buys a lawn mower because it has a big engine – he buys it because he can cut his lawn in half the time and spend twice as much time golfing. He buys it because he can cut even the tallest grass without stalling out and making himself look like an idiot for not cutting his grass sooner. And he buys it because something this big and powerful can only make him look bigger and more powerful to his neighbors and his wife (or so he hopes).

But when he’s bragging about his new mower to their next door neighbor, he’s talking about how much horsepower that baby has, how it’s made out of the same metal as the space shuttle, and how a team of 4 inspectors go over the entire mower three times before it leaves the factory.

These features are his justification, and they’re nearly as important as the original benefits that made him buy in the first place. They’re the reason he can justify the thousand dollar purchase to himself and to his wife, and justify why he doesn’t return it for something smaller and cheaper they can actually afford.

Now let’s put this whole features and benefits thing on steroids…

Features are useful, but by themselves they won’t sell a thing. Benefits are terrific, and by themselves they will sell stuff. But without the features, you’ll get a lot of buyer’s remorse and refunds.

BUT… if you add EMOTION to the equation, you put your entire selling process on steroids. That’s because while people think in terms of logic (or to be more accurate, they believe they are thinking in terms of logic) it’s their emotions that weigh in most when it’s time to make a decision.

Emotion SELLS.

Thus, the more you can tap into your prospects’ emotional wants, the more they will respond to your offers.

And the best way to get at their emotions is to go all the way. Don’t stop with just the obvious stuff, dig deeper.

Let’s use an example: You’re selling a weight loss product. You could say, “Take this pill, lose weight.” Losing the weight is the direct benefit of taking the pills. But that’s what everyone in the marketplace is saying. Plus, you’re not tapping into your prospect’s emotions, are you?

Instead, dig deeper and find the indirect benefits. What happens when they lose weight?

  • They have more energy
  • Stamina increases
  • Higher self esteem
  • More confidence
  • Better dates with sexier people
  • More outgoing and social
  • Looks better
  • Feels better
  • Stronger
  • Better able to take on life’s challenges
  • Less jealous of others (now they’re jealous of YOU)
  • Happier
  • Healthier
  • Live longer
  • And so forth.

NOW you’re tapping into the REAL emotions behind losing weight.

Take it one step further, and put them directly into the picture. Don’t tell them they’ll have more confidence. Instead, ask him to imagine what it will be like when his confidence is so high, he can walk into a room of beautiful women and ask the most gorgeous one on a date, and she’ll say YES.

Or ask her what it will feel like when every eye in the room turns towards her – knowing all the men want her, and all the women wish they were her.

Now THAT’s tapping into emotion.

And that will get you the sale every time.

Be a Smart Cookie – Complement, Don’t Compete

You may have noticed that Internet marketing goes through phases where everyone seems to be jumping on the same bandwagon. That wagon might be the latest, greatest social network. It might be paid newsletters or membership sites or video marketing or…

Be a Smart Cookie - Complement, Don't Compete

You get the point. There are times when it seems everyone is coming out with a new product that does basically the same thing as the previous dozen products, and they’re all competing against each other for customers.

This is when you can be a copycat or smart cookie. Let’s say the newest, greatest thing is $10 a month paid newsletters. (Yes, I know that was a number of years ago, but this is just an example.)

The copy cats observe that courses on how to write and sell little newsletters for small prices to lots of people are selling like hotcakes. And because they’re copycats, they create their own courses and jump into the selling fray. The competition gets stiffer and stiffer and soon underhanded techniques are being used, prices are being slashed, and everything is downhill from there.

Just like the copycats, the smart cookies watch to see what’s happening in the market. But instead of jumping in like everyone else, they sit back and ask, “What do these people need that I can provide?”

In the case of the paid mini-newsletters, there are now tons of customers who bought or are about to buy the newsletter courses who are going to need:

  • Membership software
  • A list of profitable topics
  • A list of places to find their prospects
  • Content for their newsletters
  • Sales copy for their sales letters and sales videos
  • Etc.

And this is what the smart cookie does. She doesn’t try to compete with the dozens of people selling the “how to” courses on mini-newsletters. Instead, she looks to see how she can complement what everyone else is doing.

In this manner every customer of ANY product teaching how to run these newsletters becomes her target prospect. She’s not competing with the course sellers. In fact, she’s often working hand in hand to provide their customers with exactly what they want and need to make their new businesses work.

The customers are happy. The people selling the courses are happy. And she’s rolling in the dough because she took a step back from the fray and asked, “What can I do to complement this trend, rather than compete in it?”

Next time you notice a trend, don’t compete. Instead, find ways to help both the sellers and the customers of this trend, and watch your bank account grow as you fulfill customer’s needs and desires.

What to Send Big Ticket Prospects in the Mail to Increase Your Sales (Dramatically)

If you’re selling big ticket items, you’re leaving a tremendous amount of money on the table if you’re not sending your prospects something in the mail. Think about it – anyone and everyone can send an email, but how many sellers reach out via the postal mail to give their prospects something tangible they can hold in their hands?

What to Send Big Ticket Prospects in the Mail to Increase Your Sales (Dramatically)

Better still, “snail” mail can’t be deleted at the click of a button. And if you make it enticing enough, physical mail gets read and acted upon.

So what should you send to your prospects? According to Dave Dee, you should send a packet of info that includes the following:

– A checklist. For example, if you’re selling a service then you would send a checklist entitled: 7 things you should look for when hiring a _____. This way YOU set the buying criteria and you tell the prospect what to look for.

Now here’s the trick – at least ONE of those 7 things must be something that ONLY YOU do. Maybe you provide a service no one else provides, or you do it in a way like no other. Or perhaps your guarantee is unparalleled. Or you offer a free bonus service that everyone else charges for. Or perhaps you have qualifications or proven results that no one else has.

Whatever it is, it has to be something that only you have, so that when they go to compare you to others, no one else measures up to you.

– Include a newsletter of your own. It should be 2 pages long, customer oriented and include:

  • Bullet point tips – these could come from your website or your book – no need to write new ones
  • 1 article which could again come from your website or your book
  • 1 cartoon (get someone on Fiverr to create this)
  • 1 big mistake that people make and how you correct it
  • Your picture

– A micro sales letter that sells them on the next step in the sales process, whatever that might be. If it’s making a small order, making a phone call, visiting your website – whatever it might be, you want to move them along in the sales process.

If they don’t respond to this package, Dave Dee follows up with these 3 sequential mailings.

First, he sends a gourmet cookie and a letter in a box. He uses a box so the cookie doesn’t get crushed. His letter begins, “As you can see, I’ve included a cookie. Why have I done this? I wanted to catch your attention. As you can see this is a gourmet cookie. It’s different, just like not all (Your profession, service or product) are created equal…” And then he reiterates his offer. This engages all of their senses and who doesn’t love cookies? Is anyone going to throw this in the trash without at least reading it? Highly unlikely. Are they going to remember it (and you) in the days to come? You bet.

Next he sends a fortune telling fish. It’s simply a little plastic fish that moves in your prospect’s hand. You can find these on novelty sites. Depending on the movement of the fish, it tells you something. The chart that goes with it says if it moves up, it means the prospect is going to call you. If it moves to the left, he’s going to hire you today. If it moves right, he’s going to buy your product, and so forth. No matter how fish moves, it’s a similar call to action

The third mailing is an Aspirin with another letter. This letter starts off with, “Do you still have this problem? We can make your headache go away…”

And if Dave still doesn’t get the response or sale he’s looking for, he then follows up with a year of monthly newsletters.

It sounds like a lot to put together, but once you have the system in place you never have to deal with it again. The newsletter can be timeless, so you can continue to run the same 12 issues. And the sales letters stay the same for as long as you’re selling the same product or service.

Your follow up system doesn’t need to be this elaborate, but one good point to take away is this – acting differently from everyone else and being more creative will get you noticed and it will get you business.

Sneaky Trick Makes You Look Like a PRO

Carl was brand new to his niche. He had no authority, credibility or following. He knew no one. Yet within weeks he had sales, clients and JV partners. How did he do it?

Sneaky Trick Makes You Look Like a PRO

By being just a little bit sneaky, yet still 100% ethical and above board.

Carl knew he needed an incentive to get people to join his list. He also knew he needed something to immediately build his credibility online, so people would trust him and buy from him.

What he wanted was something like an online calling card that would educate, entertain and subliminally sell both himself and his forthcoming products and services.

So he decided to do something that might sound a bit strange – he interviewed himself.

That’s right. He wrote down a list of questions from his niche that he knew he could answer really, really well.

Then he recorded his answers to the questions. And while recording, he streamlined the questions, deleted one that didn’t work and added two more that he thought of.

Then he found someone on Fiverr who had a voice that could easily pass for a newscaster or radio personality, and hired him to read the questions he’d written onto an mp3.

And finally he hired someone else on Fiverr to put the recorded questions together with his recorded answers, along with 5 seconds of professional fade-in music at the beginning and 20 seconds at the end.

Now he had his interview. And anyone listening to it would think he was most definitely an authority with a great deal of expertise. Plus he sounded a little bit like a celebrity, which didn’t hurt either.

Carl used this interview to build his list. He also sent the interview to potential JV partners and prospective clients, as well as podcasters. As a result, he received numerous invitations to be interviewed, to do guest posting and to do joint ventures.

And because he sounded like a true authority, his list opened his emails and clicked his links, too.

Please note: Carl never misrepresented himself. He never claimed the interview came from TV or radio. Had someone asked, he would have told them he hired someone to interview him. But interestingly enough, no one but his wife ever asked.

That’s another perk of being viewed as an authority in your niche – prospects already view you as the expert, so you don’t need to prove yourself. Instead, you can focus your time on where it belongs – helping your customers solve their problems.

Why Webinars are Your Best Tool EVER

You know webinars are a great way to sell products. Hop on a webinar, talk for 30 to 60 minutes and sell some products right there on the spot. Then rinse and repeat as many times as you like, buddying up with a different list owner each time. It’s simple, it’s fairly easy, and the more you do the better you’ll get.

Why Webinars are Your Best Tool EVER

But for many marketers, it’s scary to get on the Internet and talk to tens, hundreds and maybe even a thousand people at one time. “Me? Talk for an HOUR? To PEOPLE?”

Here’s something to consider: You don’t need your own list to run webinars. If you have a great product or service, you can go to list owners and split the money with them. What an outstanding way to get access to other people’s lists and make money doing it!

And most list owners love doing webinars because it’s almost hands off cash in the bank for them. All they do is send out one or more emails to their list, and you do the rest of the work. This means that webinars are an excellent way to get your foot in the door with people who have big, active lists.

Another thing to consider is that webinars mean almost instant and highly targeted traffic for you. Your partner promotes your webinar to their list and their people flock to your site to sign up.

Webinars create instant products in themselves. You can SELL your webinar if it’s packed full of good info. Think about that – what better way to create an instant product than by talking to an audience for an hour?

Or you can give your webinar recording away as a list building incentive of your own.

Plus, webinars can be REPLAYED to make even MORE sales. Again, you record it once and you can set it up on your own website to make more sales. You can also let your list-owner partner put it on their site as well, or send more traffic to your site to listen to the webinar.

And here’s the kicker you probably never even considered: Webinars are one of the best ways to build your own list. You partner with someone, they send traffic from their list, you get (for example) 500 sign-ups and 150 of those attend the webinar. 15-30 of the attendees buy your product, and now you have sales AND a new list of 500 people!

Webinars provide quality traffic, high conversion, partnerships and quick product creation for both free and paid products.

Webinars are truly great for selling products because nothing gets people more excited to buy your product than hearing from you – the expert – on how they can achieve their goal.

And they’re also one of the best ways to build your list.

Imagine if you do just one webinar a week or even once per month – how much more you could accomplish in your business… Believe in yourself and go for it!

Internet Marketers – Your Audience is in CRISIS

If you market to Internet marketers, you might consider the following: 60-80% of your prospects are currently going through or have just gone through a major life change.

Internet Marketers – Your Audience is in CRISIS

Maybe they were downsized, fired or retired. Maybe something at their job changed and now they want out. Maybe they’re going through a divorce or mid-life crisis. Maybe they have money problems or the opposite – They’ve come into money and want to invest it into an online business.

People who are suddenly looking for ways to make money online have experienced a major shift in their life. They’re probably unhappy with the way things are. They’re looking for guidance on how to make a change. Many of them want money FAST – as in yesterday. They want solutions now. They want to push a button and have it done for them. And if that’s not possible, they want to be told EXACTLY what to do to make it happen.

You can use this information to better communicate with your prospects, to let them know you know what they’re going through, and to show them that it can indeed be done.

And you CAN offer them “push button” solutions, too. The legitimate kind. As an example; “We’ll set up your WordPress site, create your first product in 3 different formats, build your squeeze page, write your autoresponder series and so forth, all for “x” amount of money.” That is truly a push button solution, because they push the “buy now” button and you do everything for them.

Of course, it will be too expensive for many, so you can also offer a downgrade, like this: “Too expensive? Then we can teach you how to do it yourself.” By offering two dramatically different price points, you can appeal to both the people who can afford the real push button method, and those who will have to invest their own work to make it happen. In fact, by wording your offer this way you will often get more sales. Your second option will look so low in price compared to the first option, they will find it difficult to say no.

Another great way to market to new Internet Marketers is to offer micro-continuity products that anyone can afford. For example, instead of charging $100 for your product, charge $9.99 a month. Then give them the option of receiving the entire course now for $89 more. Most will opt for the monthly charge, and a percentage will go for the $89 option because they don’t want to wait.

Once they’ve signed up as members, market other affordable products to them inside your members’ area. Plus, make an offer of a big ticket coaching program where you work with people personally.

You might use the Pareto principle when marketing to the Internet Marketing Community. 20% of your prospects are knowledgeable and perhaps even making money online. The other 80% are new, don’t know a great deal and haven’t yet made their first Dollar, Euro, Pound, Yen, Franc or Rand.

Which brings up my last point – unless you specifically target one geographical area, your market is GLOBAL. Yet the needs are very much the same. People who lose their job in China or Switzerland or Brazil or The United States all have the same concerns and fears – “How do I pay the bills and provide for my family now? What if I can’t? What if I fail to land on my feet?”

It’s scary for them, and what they want most of all is someone to take them by the hand, alleviate their fear and show them the way out of the dark and into the light.

The need for money is universal. Your target market is in distress, and they’re desperately hoping you can provide the very real and legitimate guidance that will see them through their financial crisis. Do so, and you will never want for business or income yourself.

7 Tips to Improve the Conversion Rate of Your Opt-In Form

Even small changes can sometimes improve your new subscriber opt-in rate dramatically, resulting in thousands more opt-ins that you would have otherwise gotten. Here’s how…

7 Tips to Improve the Conversion Rate of Your Opt-In Form

  • People photos – Response tends to increase if there is a photo of a person. And since both women and men respond better to a picture of a pretty woman, that’s what you’ll want to use.
  • They eyes have it – Have the woman looking directly at the action you want them to take. In this case, you want them to click the button to opt-in, so this is where she should be looking.
  • Tools rule. For your incentive, try offering a tool instead of a technique. People believe if they have to tools pros use, they’ll perform like pros. Just look at all of the terrible golfers with high end clubs and you’ll see this is true. Your tool might be a piece of software, a comprehensive guide, a secret website and so forth.
  • Lists of tools are even better. For example, the 5 best resources for losing weight or the 3 best resources for doubling your opt-in rate. A list of tools has actually been proven to convert higher than some things of much greater value, such as a free coaching session.
  • Video isn’t the incentive powerhouse it once was. Know that the perceived value of videos has gone down considerably. Offering free videos for their opt-in does not work like it used to. Offering tools or a list of resources tends to work better these days.
  • Curiosity lights a fire. In your headline offering your free incentive to join your list, use curiosity. For example: “The only 3 pieces of exercise equipment you need in your home. Hint: they all weigh less than 5 pounds.” Obviously what you’re going to reveal is unexpected, and thus they become curious enough to find out.
  • Use a two step opt-in. On the opt-in page, have a button to get the free list, report, etc. Then have a new box open that asks where you should send it and a box for their email. This two step opt-in works better than the old method of having the opt-in form right there on the squeeze page.

If you’re not already doing these things, try all seven and you might easily see your opt-in rate double.

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