Thursday, April 22, 2010

The 4 Elements of Online Success



But first I need to drive home a few key points. I am a voracious reader and learner. I am a great believer that applied knowledge is power. One of the books I read that had a dramatic impact on my life was 'Cash flow Quadrant' by Robert Kioyosaki.

In it he reveals how the rich make their money. It is an incredible insight into the mind of a millionaire and reveals why such a small number of people become millionaires in their life times.

The cash flow quadrant consists of 4 quadrants;

The left side of the quadrant consists of the quadrants;

  1. Employed
  2. Self Employed

The right side of the quadrant consists of the quadrants;

  1. Business Owner
  2. Investor

Robert advocates that the Rich make their money from the right side of the quadrant .i.e. either in the 'business owner' or 'investor' quadrant or both.

For the 'business' quadrant the business owner creates a system that is self sustaining i.e. it will continue to generate passive income whether the person is present or not. An Internet business is a good example of this quadrant.

Similarly an example related to the 'Investor' quadrant would be a piece of real estate or a stock. In both cases they will generate income without the presence of the owner.

So what we are trying to create with an Internet business is a business that will generate income without your direct presence. Yes you will still have to do the admin, marketing etc but the business will sell your product / earn your commission while you sleep.

The truth of the matter is that when you acquire the knowledge necessary to set up a lucrative online business, you will be able to set up a money machine or a system that will make you perpetual income. All you need to do is duplicate the system 5, 10, 100, 1000 times, to multiply your income. It's that simple.

The Internet is the most powerful method for an average individual to become a millionaire today. I know people operating from their bedrooms who are making millions of dollars in online sales every year.

There is no reason why you cannot emulate their success if you just follow proven tried and tested methods.

There is a golden universal rule referred to as the 'law of cause and effect.' It stipulates for every effect there is a cause i.e. for every result there is a process. If you want to get rich online, then by following what other online millionaires have done, then you too will get rich.

So without further delay lets reveal the 4 success factors that are critical pillars for creating this system.

There are 4 factors that are common to every successful online business;

Success Factor #1: A product or service that people are willing to pay for.
Obviously if you are going to start making money online then you need to sell something of value.

Success Factor #2: The technology necessary to sell or deliver the product / service
It's a simple fact that you can't do everything yourself manually. You need technology to present the product / offer, deliver the product, handle affiliate commissions, deal with customer service, manage mailing list etc.

Success Factor #3: Effective marketing that sends quality traffic to the site.
The golden rule of Internet marketing is 'without quality traffic, you have nothing'. Even if you have the greatest websites in cyberspace, it's worth nothing without quality traffic

Success Factor #4: Converting those prospects into customers and money.
Conversion is where the gurus really differentiate themselves from lesser competitors. They have php split testing scripts, analytics, conversion tracking software and more so that they can scientifically evaluate their businesses progress and make informed strategic decisions.

Learning to make serious money online requires mastering each of these 4 elements.

However, it is the order in which you learn these four elements that ultimately decides your success or failure.

We will talk more about this in our next lesson, where I will reveal the order you need to commence with to ensure your success.

The Technology Trap



Every successful online business requires two important technology components;

  1. Software that will enable the design and development of websites
  2. Software that will conduct, track and automate the business operations

A critical word here is automation. We want to set up a system that is self sustaining. There is a paradoxical Internet marketing tip that states "if you want to make more money online become less involved."

What this refers to is the fact you need to leverage technology to automate all major business processes. This will result in real time delivery of critical business operations, and to a more robust and reliable service.

The key point is that you need to have all this technology operational before you start your business.

The dynamic interplay of the technologies involved in these inter related operations is complex and it can be expensive.

You have three options


Up until recently Internet marketers had two options;

1. Hire and manage an experience webmaster to design, update, and operate their online technologies.

This option would have costed you $2,000 to $5,000 per month depending on the experience of the webmaster you hired. Many people elected for this option but the risk was high given the financial outlay. It meant you would have to make $2,000 to $5,000 a month just to break even.

2. Learn all the technologies yourself so that you could set them up and manage them all.
This process would be extremely time consuming as it would involve learning HTML, setting up a hosting account, learning to FTP files to the web server, trying to make eCommerce engines work, learning about split testing scripts, integrating auto responders and much much more.

Considering that most individuals do not have the funds to hire a webmaster, they attempted to learn about all the technologies themselves. This was such a time consuming process that the vast majority gave up, thus quenching the fire of their money making potential.

A small % persevered through all the frustration, and long late nights studying coding manuals. Eventually after 12 to 24 months they learned enough to start making some money.

The great travesty here is that most people don't make it online. They simply get defeated by the complexity of the technologies.

The Sequence of Success

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Literally instead of trying to master 4 completely new areas of expertise before you make your first cent, you can start a simpler business that only requires perfecting two of the success factors;

1. Traffic
2. Conversion


The reason why you would commence with these two factors, is that you can start making money immediately. This is important because once you earn your first dollar online your motivation will go through the roof.

That is a very important element because it will put 'wind in your sales' and drive you to put in the extra effort to learn the other two factors, which will send your profits through the stratosphere.

Then once you have mastered the basics and earned some money, you can move onto creating your own info products and develop more complex websites that will seriously multiply your money making potential.

So what is this method of online business that enables you to make money with just two of the four success elements. It's called the AFFILIATE INCOME business.

It's a very simple and rewarding business model that enables you to 'learn while your earn' and develop the twin essential skills of 'traffic' and 'conversion'.

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The Affiliate Income Business

Affiliate marketing is the process of generating income by promoting other peoples products and services. You simply create a mini web site (usually comprises a single web page) and drive traffic from your web page to the sales page for the product you are promoting.

When someone buys a product on that sales page you earn a commission.

Thousands of people are making five and six figure incomes online doing just that. Last year over $8 billion in affiliate commissions were paid out to people who engage in affiliate marketing.

There are thousands of products to promote in every imaginable niche, with commissions ranging from 5% to 75%.

By starting as an Affiliate Marketer you take no product risk, and the technology required is less complicated.

The great thing about affiliate marketing is that you can learn a lot from the company who's product you are promoting. Better again why not be even more strategic and promote product directly relevant to the niche you want to eventually occupy. This way you are truly learning on the job from a future competitor, in effect you are an insider in their business.

A key tip for really making affiliate marketing worth your while is to focus on products that generate recurring monthly income. For example there are many software products that require subscribers to pay a monthly fee often in the area of $40 per month. If this company offers 50% commissions (which is quite common), then you will continue to earn $20 every single month for as long as that subscriber is active. So if you get 100 people to purchase this software, you are now generating a passive income of $2000 per month just from this little mini site alone.


Breast Reduction For Health and Beauty

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If you have overly large breasts and wish they were smaller and less heavy, there is a cosmetic surgery designed for you. Breast reduction can put an end to the back aches, the bra straps biting into your shoulders, the posture problems and the skin irritation. They can free you up for playing volleyball, riding a bike, hiking, or whatever outdoor activities you would like to participate in.
If you are planning to become pregnant or breastfeed in the future, you may be asked to wait and to have your breast reduction after that part of your life is finished. That would be an issue for you and your surgeon to discuss, as you would not want to risk any damage to the milk ducts or nerves that enable the milk let down.
How Does Breast Reduction Work? Before anything was done, you would have discussions with your surgeon to clarify how your procedure would be customized for you, what the potential risks might be, and how long you would need for recovery.
There would be a Patient Consent form for you to sign, saying that you understand the risks and benefits of having breast reduction. With a top-level breast reduction surgeon, that is more than just a formality. The best surgeons take time to educate their patients and make sure there are no unanswered questions lingering when surgery day rolls around.
You would need to inform your cosmetic surgeon of your medical history and what medications you are taking, if any. There would be Before and After photos taken both for the surgeon's office file and your own records.
The Breast Reduction Procedure Your breast reduction will be entirely customized and planned ahead of time. If you have no problem with loose and flabby skin, liposuction can be used to remove unwanted fat. It uses very small incisions, which reduces surgical risk and scar size. If you need excess skin removed as well as excess fat, your doctor will accomplish that with surgical instruments rather than using liposuction.
Any excess glandular tissue is removed. The nipples may or may not need to be relocated higher on the breasts. You could have the areolas reduced in size if that would enhance your breast appearance.
When your surgery is complete, you will have dressings or bandages and a surgical bra for support. Your breasts will now be smaller but because of the temporary swelling and the dressings, they may not look a lot smaller yet.
Recovering From Breast Reduction The immediate recovery will take about two weeks. You will have the stitches removed by the end of that time and much of the swelling and bruising will fade. Your cosmetic surgeon will have given you prescriptions for a painkiller and probably an antibiotic. Printed recovery instructions will tell you how to care for yourself during this time and you will have a series of follow-up visits so your cosmetic surgeon can monitor your progress.
Your full reduction results will be evident after a few months when all the swelling has subsided. You will notice your improved body proportions and how much less weight you are carrying around. You can go out now and buy a new closetful of clothes and enjoy your new freedom from heavy breasts.

Monday, April 19, 2010

Four Reason to Buy Travel Insurance

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Convenient flight at a great price? Check. Hotels booked near everything you want to do? Check. Rental car reserved? Check. Travel insurance purchased? No? Many of us don't think we need trip insurance, until we actually need trip insurance when work or an illness forces us to cancel our long-awaited, non-refundable vacation package. With that in mind, we came up with four Reasons to buy travel insurance. There are dozens of reasons, actually, but we'll start with these four. We'll also briefly describe the various plans for domestic and international travel insurance offered by Travel Insured International.

1. You're a manager in a small business and your owner boss needs you to handle a big job during the same week you have booked to be on vacation. The Worldwide Trip Protector Gold has you covered. The most comprehensive trip insurance package we offer comes complete with full reimbursement of your trip cost if you have to cancel for employer-documented work reasons. Trip interruption, delays and missed connections are just a few of the other inconveniences covered.

2. You lost your job and now cannot afford to go on vacation, a risk in today's uncertain economy. The Worldwide Trip Protector travel insurance plan provides protection for this potential risk when you have worked one continuous year at the place where you lose your job. The plan is popular with families because of its free coverage for children younger than 18 when they travel with a related adult on the same plan.

3. Your daughter's school year won't be ending on the scheduled calendar date for summer dismissal because of snow days. The Trip Protector Lite Expanded features a school year extension benefit to protect families when school make-up days eat into their previously scheduled vacation time. This trip insurance plan, which is popular with families on travel budgets, is the right coverage when combined with trip and cruise packages.

4. A recent act of terrorism causes you to want to stay close to home. Every person responds to terrorism in his or her own way. Some refuse to let a terrorist act keep them from enjoying their well-deserved vacation. Others don't want to take the risk of traveling under a high threat level. The Trip Protector Lite travel insurance plan allows for you to cancel due to a terrorist act occurring within 30 days of your scheduled departure in a city on your travel itinerary. This is the most affordable trip insurance plan available through Travel Insured International.

We all deserve a vacation.

five keys to internet business

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1. Individualized Service Offerings: Value Added for the Customer e-business enables companies not only to offer a large variety of products in mass markets, but, in addition, to personalize the sales environment and processes in such a way that they offer the customer decisive value added compared to the traditional buying process.

2. Process Design in e-business: Centered Around the Customer Customer-orientation is the key to success in e-business. The implementation of customer-orientation requires end-to-end processes, which differ markedly from those in the real world. The process design must ensure a smooth interaction of software interfaces (Website) and of processes arranged upstream and downstream.

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3. 1-to-1 Marketing: Personal Touch in Mass Marketing e-business allows you to systematically attract customers in a mass market with the help of a product/ service suite tailored to individual needs. 1-to-1 marketing utilizes personal customer information for the benefit of both sides.

4. Community Building: Customer Retention through Networking e-business provides the means for customers to network among themselves. Establishing a community which is functioning around one's own brand generates enormous value-added. Moreover, the market position is very difficult to attack. So far, few established players have successfully encouraged a strong community.

5. HR-Strategy: Management of the No. 1 Bottleneck For established companies, recruiting and retaining capable staff becomes bottleneck factor number 1 in the expansion of their e-business activities. Innovative people strategies are therefore a key to success. Looking at the example of Intel, it becomes clear how flat hierarchies, high team orientation, genuine delegation of responsibility and attractive incentive schemes can be integrated into a future-orientated corporate culture.

Monday, April 12, 2010

Six keys to internet business

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1. The increasing market transparency of the i-world can be countered by intelligent

price management. e-business provides the chance to achieve extremely flexible

and complex price determining systems as well as new approaches to price

differentiation. This creates new possibilities for sustainable earnings; in the long

run the only ones who can escape fierce price competition are those who have

mastered the complex set of instruments.

2. Individualized Service Offerings: Value Added for the Customer

e-business enables companies not only to offer a large variety of products in

mass markets, but, in addition, to personalize the sales environment and

processes in such a way that they offer the customer decisive value added

compared to the traditional buying process.

3. Process Design in e-business: Centered Around the Customer

Customer-orientation is the key to success in e-business. The implementation of

customer-orientation requires end-to-end processes, which differ markedly from

those in the real world. The process design must ensure a smooth interaction of

software interfaces (Website) and of processes arranged upstream and

downstream.

4. 1-to-1 Marketing: Personal Touch in Mass Marketing

e-business allows you to systematically attract customers in a mass market with

the help of a product/ service suite tailored to individual needs. 1-to-1 marketing

utilizes personal customer information for the benefit of both sides.

5. Community Building: Customer Retention through Networking

e-business provides the means for customers to network among themselves.

Establishing a community which is functioning around one’s own brand

generates enormous value-added. Moreover, the market position is very difficult

to attack. So far, few established players have successfully encouraged a strong

community.

6. HR-Strategy: Management of the No. 1 Bottleneck

For established companies, recruiting and retaining capable staff becomes

bottleneck factor number 1 in the expansion of their e-business activities.

Innovative people strategies are therefore a key to success. Looking at the

example of Intel, it becomes clear how flat hierarchies, high team orientation,

genuine delegation of responsibility and attractive incentive schemes can be
integrated into a future-orientated corporate culture.

Click Here!