Browsing Tag

succeed

5 Home Business Success Tips

A lot of people avoid having a home based business for various reasons.

Some do not wish to have the responsibility associated with one and others are just simply clueless on how or where to start. This article focuses on some help in getting you started with a home based business and getting you on your way to success.

1) Advertising is always the most important aspect of any business. Even if your business is not home based, you still spend a significant amount of money on advertising. Since a home based business does not have a store front or a public office where they can advertise themselves, you must invest money in getting the word out to the world about your company. Consider internet marketing as a way for your business to expand in the world as well as advertising in local newspapers, billboards, and newsletters.

2) It takes time to develop clientele and make a significant amount of money through any business and this is not any different when it comes to a home based business. It is important to keep in mind not to get discouraged because your first few months are tough. Every business out there started somehow and many of them did not grow to be an overnight success. Keep at your business regardless how bleak it may seem at first, and you will eventually build your own trusted clientele and following.

3) Consider what types of equipment you need to purchase to run your business even if it is just a new printer or computer. It is important to shop around for the cheapest prices possible and opt to purchase what you can second hand. Make sure what you need is something that you have budgeted for.

4) It is important to understand the different tax laws and regulations associated with your business. Some businesses need permits as well as tax forms filed before even starting. You need to have a basic idea of how taxes work before starting your business so you ensure you will not lose any money when it comes to filing your taxes for the next year. Many items you purchase to start your business are considered tax deductible and it is in your best interest to research as much as possible to save money.

5) Come up with your own business plan. The most important thing that you can do for your home based business is to come up with a one year plan and what you hope to accomplish in that time frame. Make sure that you keep notes and ideas separate from your actual home information. Reserve a space for yourself within your house where you can work by yourself undisturbed. If you treat your business with dedication and as an actual business, you will more likely succeed.

Although starting up a home based business is a lot of responsibility and can be time consuming, you will find that the time will be worth it. Knowing what to do will provide you more success. It is important to take your time and plan things out and then take the plan and put it into action.

Randy Smith’s Hacker Nightmare

One of the people I admire in the internet marketing industry is Randolf (Randy) Smith, one of many internet marketers out there who genuinely want to help others to succeed. Randy’s blog called “Randy’s Ramblings” is one that I read on a regular basis because it is down to earth, humorous and helpful. You won’t get any bullsh.. on this blog – Randy tells it like he sees it and if he doesn’t think a new product would be useful, he’ll say so or else it just won’t be mentioned at all.

Randy has, or should I say had, a number of websites and products but in early October, his sites were hacked and all his domains stolen. To read the story behind this nightmare, visit the blog at http://randolfsmith.com

If you feel sick, as I did, that one human could treat another in this way, just take note of the effort Randy put in to try to put right all the wrong being done to his customers, a time consuming and costly endeavour, and you’ll realise that this is a man that just won’t give in, he’ll keep doing what he believes is right. This is a man worth keeping in mind to buy products and services from.

Once he gets everything back up and running, there will again be links on his blog to his many services. In the meantime, here are the ones I have used and recommend:

Sales Letter ABC – www.salesletterabc.com
7 Key Elements – www.7keyelements.com
More Monthly (stolen) – now called More Monthly Pluswww.moremonthlyplus.info (more info on this site on my Online Resources Page http://r7-

sydney.webserversystems.com/~trishfin/online-business-resources)

I have not included an affiliate link in the list above, so I won’t profit if you buy from Randy, but I believe he deserves a break, so if what he offers is useful to you, buy from the man!

Best wishes
Trish

P.S. – there is always something to be learned from someone else’s misfortune, so to all out there with an internet business of any kind, make sure you back up your sites and your lists. You’ll be glad you did if a hacker comes your way, too.

Have a Go at Selling on eBay

There’s something undeniably entrepreneurial about selling on eBay. It is true that there are eBay millionaires and there are also successful backroom eBay stores run by people with no more skills than the desire to make money under their own steam and it is the nature of selling on eBay that makes it possible for them and also makes it possible for you. A ready-made audience, instant search engine listings, ready payment systems and the ability to get started with no more than a product, a computer and a desire to succeed all combine to make very low barriers to entry.

The more sophisticated a business selling on eBay becomes, the more opportunity it represents. The scale of the marketplace is immense, for example a pair of shoes is sold on average every 3 seconds. Billions and billions of dollars are transferred every year from buyers to sellers.

There are constantly new niches and opportunities to exploit. Part of selling on eBay is to understand the marketplace and identify exploitable niches within your area of expertise. While there are many bargains to be had on eBay for buyers, it is also possible to achieve a higher price than that paid in shops for some of the items you sell, especially when you start with a low initial price, as this encourages bidding. Everyone loves to get a bargain!

When starting out selling on eBay choose a single, low value product to work with. It makes the whole learning process easier and less painful. Conquer that product before exploring other avenues of revenue. The experience that comes from actually doing it, along with the adrenaline and excitement when you finally make some money from the process is exhilarating. This is normal and healthy, but don’t get carried away. Keep it simple until you feel confident in approaching another market. More competitive markets will be harder to break into, so go for something you know about and feel you can realistically compete in.

Selling on eBay may not require a payment system or a website, but it does require all the other elements of a regular business. You need to be seen to run a professional outfit and to provide a professional service or customers will not return for a repeat visit. Worse than this, one of the features of selling on eBay is that users will leave feedback after their purchase.

Negative feedback can be the kiss of death to your business. Buyers are cautious not to trust their money in the hands of merchants who have provided poor experience for previous buyers and once you have negative feedback it will be seen by all of your prospective customers. Often, with so little to differentiate yourself from your competitors it is vital that you have as good a seller rating as is humanly possible.

A core component to maintaining good feedback when selling on eBay is accurate item descriptions and prompt delivery. The most common reason for poor feedback is slow delivery, although stock control issues, slow customer response times and bad packaging are all very important in order to maintain a good seller rating.

So, give it a go. Have a bit of fun! You’ll never know until you try just how this opportunity might turn out for you.

Best wishes
Trish

Affiliate Marketing – some thoughts and ideas

Affiliate Marketing – what exactly is it?

Put simply, it is process where you as the affiliate sell or promote someone else’s product or service and you receive a commission for your efforts. Affiliate Marketing is usually considered to be the lowest cost business model when starting an Online Business, and as such is the most popular method with many newcomers to Internet Marketing. The owners or licence holders of the product you promote can be called authors, publishers, merchants or other different terms, depending on whether it is a physical or an information product that you are promoting and how the commission payments are organised.

This business model can take many different forms but are commonly called Affiliate Programs. You join the affiliate program a merchant is using to sell a particular product you are interested in promoting. The most common types of programs are as follows:

  1. Pay per click – each visitor you send to the merchant’s site will earn you a commission.
  2. Pay per lead – each lead you send to the merchant’s site will earn you a commission.
  3. Pay per sale – commission will be paid by publishers for each sale made at his website or on sites such as clickbank or paydotcom.

Each one of the above methods returns a certain payment for delivering the click, lead, or sale. By far the largest number of businesses utilizing this model work on a Pay per Sale system. There are hundreds of affiliate networks that you can join where the owners of the site have numerous publishers registered so you can choose products & promote them without have to join up to all the separate affiliate programs. Examples of such sites are Commission Junction, Clix Galore, Clickbank, PayDotCom and Click2sell.

Many Internet Marketers will guide the beginner into Affiliate Marketing because it is considered to be the cheapest and simplest business model to get started and develop, especially when all the marketing tools such as a web sales page, promotional emails, articles, press releases etc are provided by the publisher.

Your main costs will be in the promotion of the product or service. All costs associated with the product, sales page, delivery, after sales services, as well as merchant services set up and costs, will be paid by the merchant providing the product.

When starting your Internet Business through affiliate marketing there are five steps to follow:

  1. Find your niche market which shows enough demand as well as a reasonable supply, as well as one that would support future business growth.
  2. Find out what the market is searching for in terms of solutions to problems, or a product/service for which there is a shortage of supply or even a deficiency.
  3. Research the available affiliate products and services for something that will fill the deficiency or fix the problem.
  4. Promote the product by every means available to you.
  5. Although this is not necessarily essential, owning your own website can increase your methods of promotion, but more importantly it allows you to pre-sell the product before redirecting them to the merchant’s sales page.

The final item regarding your own website needs serious consideration as it will be the best way towards developing and growing your business and to start creating an opt-in list of targeted potential customers.

Creating a trust between yourself and your customers, as well as your partners, is of prime importance to your business. This trust will serve you well as your customers will gradually consider you to be their expert in this niche and they will take your recommendations and buy.

To help build this relationship of trust, give value to potential customers by offering something useful to them for free. The more value you give them, the more they will be inclined to make purchases from you at a later date. Do not think for one minute that without it you will be able to succeed in affiliate marketing or any other type of business if you do not build a relationship of trust with a list of potential customers.

John Thornhill’s Coaching Program

Report at the end of John Thornhill’s 16 Week Coaching Program

I am very grateful to John for putting his coaching program together and wish I had been able to do it several years ago before I got into the bad habit of flitting from one idea to another and getting nowhere financially.

Each time I discovered a great new product, I had to have it while there was a special offer, the result being that I didn’t focus on one process and apply myself to it. For example, I purchased John’s product, Resale Rights Blueprint when it first came out, approx one year ago, worked through about the first 4 days, then drifted off to look at something else. If I had just continued with Resale Rights Blueprint till the end, it would have been bringing me in a nice income by now as I had all the information I needed to launch a successful business.

So when I was able to join the 16 week coaching program, I jumped at the chance, believing it would force me to stay on one course. In fact I am still behind. The 16 weeks have gone by and I still don’t have my product, Online Home Business Success on clickbank, but I don’t feel that I have failed this time because I am still working on getting it listed and I expect this to be completed in one or two more weeks.

The experience has brought home to me again that it doesn’t matter how good the course material is, if you don’t put the work in, you won’t succeed. We are each responsible for making success happen in our own lives, no-one else can do it for us, no matter how much they would like to or how good their programme is.

John’s training material is excellent, very detailed and easy to follow, even for beginners. Although I was already familiar with many of the processes in the earlier weeks, such as getting domain name, hosting and FTP, the videos were still very helpful as a refresher and to learn a different and sometimes easier way of doing things. The later lessons have expanded and focussed my internet marketing education so that I now believe I have enough knowledge to create and market many more new products.

This increased confidence in my own ability to succeed with internet marketing, despite all the doubts and negative comments of people around me is a big bonus. Having the coaching material always available for students to refer back to at any time is like the safety net under a tight-rope walker.

I understand that it won’t happen overnight, but I have a determination to make this succeed that I didn’t have before.

Summing up, I thank John sincerely for putting this program together, for all the help he gives his students and for the value he puts into all his products. His genuine desire to help people shows through and is greatly appreciated.