Posts Tagged ‘Profits’

Internet Business For Sale – 3 Facts That Make Up a Good Internet Business

March 19th, 2010



What Should You Look Out For An Internet Business For Sale?

When you come across a signboard online about another Internet business for sale you might think, “gee, another business for sale, I wonder how much profits this will bring me?”. Yet, we often miss out a few important facts.

We’re about to go over these key facts you should take notice about and how you can manipulate them to bring you good results. I’m talking about purchasing a good piece of business and then turn it around to profitability quickly.

Fact 1: A Constant Stream Of Traffic

I can’t emphasize enough that traffic is really important in whatever that you do online. Whether you are just starting out online or a plain veteran the rule about having good traffic stays the same.

You need a constant stream of visitors that site if you expect to have any potential customers at all. This is a fundamental principle for even the hot dog stand on the part nearby.

Fact 2: Tie It In With Your Passion

You don’t just purchase or invest in any Internet business for sale out there. It takes more than that. While you are researching make sure that the product or services offered on that site closely ties in with your passion.

It doesn’t make sense to do something that you hate and yet still think about making money in that certain target market. I think you’ve heard of the saying, “do what you love and the money will follow”.That statement really applies in this case.

Fact 3: Freedom To Work And Play

My most important emphasis at any kind of Internet business for sale is not just a nosy kind of question. But when we ask the seller , “why are you selling it off?” you have to look at the intrinsic value of the business itself.

It has to be a feasible business to work on because if it drains all your time away from anything else, even your family them it probably isn’t a good buy. You want to find one that give you a good leverage to profit more in less time.

One More Thing

Being able to identify a good Internet business for sale is not the only trait you should have. Rather, you have to have a keen gut feeling on the products and the trend of the moment. This comes only through experience but it never hurts to make small mistakes at times. You eventually learn anyway.

By: Vern How Chan

Home Internet Business – 2 Secrets to Running a Successful Home Internet Business

March 6th, 2010



What Are The 2 Best Kept Secrets For Success Online?

As of late, questions like these are common sight everywhere on the Internet. What is worth noting is that sometimes the best kept secrets really are kept by the top brass.

I’m about to reveal to you just what these 2 secrets are in order to help you run your home Internet business even more successfully but you have to keep on thing in mind. You can do it too wherever you are in your current situation.

Secret 1: Standing On The Shoulders Of Giants

You know how those big time launches happen and people have a flood of profits? Well, those are called joint ventures or mainly known as “JV”. This does not happen overnight.

What you do is that you get in tough or have some sort of relationship with another well known home Internet business entrepreneur. Then, when you feel that there is enough trust in that relationship ask them if you can do anything for them.

In return, they will ask you what do you want in return. Take this opportunity to voice out what you need in your business, be it to help launch your new product or just to get the word out on your services.

Secret 2: Never Be Afraid To Ask For The Sale

I have to admit this. Nothing comes close to ‘asking for the sale’. Yeah, I know that some people in the Internet marketing arena have told you to build a relationship with your subscribers or reader.

Then, you follow up after a few weeks to a few months to start promoting the sale to them? Well, it doesn’t work that way. You have to be bold to ask for the sale from the moment that your prospects need that solution.

This could mean that you give them a sampler or two and then immediately ask for the sale. Multiple exposures will help you get more trust from your subscribers and in return they will begin to even buy from you.

You Don’t Have To Be Perfect

It would be good for you also to know that most successful home Internet business owners fail a lot before they got where they are today. I know a marketer who started out as a broke guitar player earning only $12,000 per annum and now makes 10 times that amount after persevering in the online business world.

By: Vern How Chan

Internet Marketing – Customer Acquisition Hierarchy of Value

January 11th, 2010



As amazing as it may seem, the Internet and the World Wide Web as we know them today are less than 20 years old. In fact, it is now hard to imagine a world without the Internet. But, as recently as 1994 there were only 500 fairly modest Web sites worldwide. In less than 15 years, the World Wide Web has grown to more than 3 billion pages.

And there is no end in sight.

As microprocessors and software applications become cheaper and more powerful, Internet access will be available to a wider audience from a wider range of devices, and communication will become even faster and easier.

If you aren’t already involved with making money on the Internet, the time is NOW to jump into e-commerce. The audience is enormous and growing. And the technology is in place to build a dynamic, energetic online business that is able to reach across the world to attract prospects and customers.

E-commerce is quick. It is easy. And it doesn’t cost a fortune to get started.

The key to online profits is to build a Web site or network of Web sites that attract lots of targeted traffic along with the increased click-thus and sales that come with visitors. And now, after less than 20 years of Internet development, clear strategies for cost-effectively building your online presence have emerged.

This discipline is called online marketing. And its objective is to get as many interested people to your site as possible.

There are currently only 3 ways that a prospective client can arrive at your site:
1) He can type keywords into a search engine.
2) He can click through to your site from a link on another page or…
3) He can type in your URL.

There are proven online Web marketing techniques to help you optimize these options. But some are more efficient and cost effective than others. Here is a brief overview of the customer acquisition methods available to you, organized in a cost pyramid: cheapest cost per new customer acquired to most expensive.

Customer Referral or Tell-a-Friend
One of the cheapest and best ways you can acquire a new customer is to have one of your existing customer recommend your site to a friend or colleague. This will actually cost you nothing – except the hard work it takes to build a loyal following. That means you’ll need to offer great products, fantastic customer service and good value for money.

One easy way to facilitate referrals is to include a tell-a-friend link on your Web site. There are several low-cost software applications available to add this feature to your site.
They include:

• Omnistar Tell which is available to either run on your own server for a $27 one-time fee or as a hosted solution for $7.95 a month. (see oministartell.com)
• TAFPro, a downloadable software available in the standard version for $97 or the Advanced Technology version for $197. (see tellafriendsoftware.com)
• Viral Friend Generator available for a one-time payment of just $97 (regular price is $197). Once you own the software you can use it on multiple domains. (see viralfriendgenerator.com)

Search Engine Optimization (SEO)
When someone is searching for something your site provides, he types some search words into a search engine like Google. Naturally, you want your site to come up on the first page of searches. Otherwise, the searcher will likely never arrive at your site.

In order for you to be in the top 10 listings, your site needs to be optimized for the search engine spiders that crawl the Internet and rank your pages for relevance to key search words. That means your site probably needs professional help to make sure your keywords are properly selected and coded, you have plenty of links to other pages (and they work) and your content matches your keywords.

But there are things you can do yourself. First, look at the keywords on the sites of your competitors. To do that, go to the Web site. On your toolbar, click on View, then Source. A screen will open that displays the Web site’s “meta” codes. You should see Name, Content and Keywords, all followed by a list of words that describe the content of the site.

These are the search terms utilized by the search engines to drive traffic to the site.

For help in selecting keywords that are relevant to your offerings and terms people are actually using in real-life searches, go to wordtracker.com. You’ll find out how often the term has been queried in the last 90 days across all search engines along with an estimate of the number of times it will be queried within the next day. WordTracker even ranks the words for effectiveness as keywords. You’ll also get a list of the number of Web pages that share the search term on your target search engine.

You can subscribe to WordTracker for a year, a month or a day – but try it first for FREE!

Reciprocal Links
An inbound link campaign can be effective in driving traffic to your site. It is fairly easy to make reciprocal arrangements with sites related to your site to exchange links so that you are listed on their link page and they are listed on yours. Simply e-mail the sites you are interested in and ask them to exchange links. Lots of inbound links help with search engine ranking in addition to attracting interested parties to your site.

Online Classifieds
You can choose from either free or low-cost independent classified sites like craigslist.com or the classified sections of MySpace.com and Yahoo.com. There are also product-specific classified sites for cars, housing and pets.

Generally designed for local advertising, you will need to post classifieds on multiple sites for broad coverage. There are sites that will handle this for you including postlets.com, vFlyer.com and Mpire.com.

Blogging and Editorial Mentions
You can build marketing “buzz” on your site by blogging and submitting articles to sites like EzineArticles.com. But you should care about blogs only if your target audience uses them. If you are in the technical, political, advertising, online marketing, lifestyle and entertainment fields, blogging and getting editorial mentions in blogs might be for you.

To find a blog to post to or request a mention, go to technorati.com – which claims to rank some 55 million blogs by frequency of use. Select only from the top 10% — there isn’t much point in participating on a blog that isn’t seen by a large audience of people.

Social Networking
Social networks – whether business or personal – encourage participants to interact with others who share their interests. Social networking is like traditional networking only carried out online via Web sites designed specifically for this purpose.

Marketing via social networking sites is attractive to businesses because it is fast, easy and relatively inexpensive. There is fast turn-around time, and you can test quickly and easily. It is the latest craze to sweep the Internet and is often most effective when you are dealing with a younger target audience. Think MySpace.com, YouTube.com and LinkedIn.com.

Opt-in e-mail, Also Called Co-Registration
Over the years, it has been proven that online marketing works best when your customers already know and trust you. Therefore, it pays to be proactive in developing a large list of prospects you can market to using a series of e-mails. You build trust be contacting your leads as many as 5-7 times to move them along in the purchasing cycle.

Early communications should offer free gifts like how-to articles and white papers. As you continue to communicate with your customers and they get to know you and feel comfortable with you and your business, you can step them up from free offers to paid offers.

Another thing to remember – when you e-mail your customer list with links in the e-mail and they click through, it boosts your ranking in the search engines.

Therefore, it is important to build a “house list or “e-list” of past and current customers along with other interested people so you can sell to those prospects via e-mail marketing. In fact, building this list is an essential component of any online marketing plan.

Once you have a list of qualified customers and interested parties, you can easily market to them on a regular basis through judicious use of no-cost/low-cost e-mails. But be sure you are sending them what they are expecting to receive.

There are many ways to collect e-mail addresses. Of course, you want to ask people who are visiting your site to register their names and e-mail address so you can follow up with them and send them news, tips and other complimentary content.

Perhaps the quickest and most cost effective way to generate an ongoing stream of relevant new e-mail addresses is through a process called Co-Registration. Unlike other e-mail collecting methods, Co-Registration won’t take the months of constant work it can take to build a decent database.

You’ll get all the e-mail leads you can handle within a matter of days – not harvested addresses or “cold leads” but legitimate opt-in e-mail leads that have responded to YOUR offer.

Co-Registration happens when a visitor to a Web site registers for information or a magazine subscription and then is offered additional sources of related information in a short ad that appears on the initiating Web site’s “Thank You” page.

There are three basic types of Co-Reg leads: opt-out, opt-in and double opt-in.

An opt-out lead is the least costly and least desirable because the customer doesn’t actually select to receive additional information. They are given a menu of ads with the boxes already checked. If they don’t uncheck the boxes, their information is shared with the Co-Reg Web sites.

The opt-in customer actually checks the boxes in ad that appeal to them, making him a more qualified lead.

The double opt-in customer checks the boxes and is then sent a confirmation e-mail to which he must reply in order to be added to the list. This produces a much more qualified lead. But it is also much more expensive because of the extra steps required on the part of the provider – and the fact that many customers fail to see the process through.

Try to pick Co-Reg partners that cater to the target market that you are trying to attract so the branding is consistent. Prices can range from 20 cents to $5 a lead on the consumer side and $1 to $50 on the business side.

You can get started in Co-Registration by finding Web sites that are similar to yours, contacting them and asking them to trade Co-Registrations with your for free.

For software to make it easier to run a Co-Reg program yourself, go to
coregcomplete.com. If you’re having trouble finding partners, try coregpartnerfinder.com or a new directory site regready.com.

To make best use of a Co-Reg program, you should have an auto-responder program in place to quickly contact your new leads with free content, premiums and other incentives. If you fail to do this, expect response rates to fall significantly.

Pay Per Click Placement (PPC)
You can pay for search engine placement through programs like Google AdWords where you bid against your competitors for keywords. This can be one of the most cost-effective ways of advertising online because your ads can be easily targeted by keyword search.

These text-only ads link a viewer’s search query to an advertiser’s solution. They look like classifieds and usually appear to the right of actual search results. You bid against your competitors to have your add appear when a user searches for one of your pre-selected keywords.

The PPC ad conversion rate is easy to measure. And these ads are excellent mechanisms for generating leads and making sales.

To get started, visit Google AdWords starter version at adwords.google.com.

Affiliate or Partnering Programs
This is an online referral system that offers a commission to the source of a lead. When a customer clicks through on a link or closes a sale, the originating site receives a payment. The best known of all affiliate programs – one that you are probably familiar with – is Amazon.com Associates. See http://affiliate-program.amazon.com But there are many others including affiliateguide.com, 5staraffiliateprogram.com and Commission Junction – cj.com.

The best way to start an affiliate program is to recruit the affiliates yourself. Search for companies that share a client base but offer complementary products. E-mail the owners an invitation to become an affiliate stressing the benefits and low risks involved.

Newsletter Sponsorship
You can purchase advertising – either text ads, graphic ads or both – in highly targeted online newsletters, giving you access to targeted mailing lists that is probably not available any other way.

If you would like to try this, find newsletters that address issues related to your Web site’s niche. Then contact them for rates and specifications.

Traditional Media Support
This entails purchasing advertising to promote your website in the traditional media: radio, television, newspapers, magazines, etc.

Banner Advertising
These are linkable online display ads and are probably the most expensive method of online promotion. Banner ads work well for branding, often driving traffic to your site after running for a period of time.

The average click-through rate (CTR) of a banner ad is slightly below 1% with most banner ads producing only one third to one half as many clicks as Pay-Per-Click search marketing. This makes banner advertising the most expensive of all forms of customer acquisition exceeding even the traditional media.

You will need excellent creative to compete in the banner universe, so it will pay to hire a pro especially if you want rich media ads using Flash, video or sound. And you might need help with your media buys to place the ads.

Here are some resources for banner ad creative and placement: 247realmedia.com, valueclickmedia.com and gorillanation.com/.

As you can see, there are a number of low-cost ways to start driving traffic to your site: customer referral and tell-a-friend buttons, SEO, reciprocal links and Co-Registration. Begin your marketing efforts with these techniques and gradually step up the hierarchy as your efforts produce traffic and that traffic produces the results you seek. And remember to constantly test and fine-tune your ads for optimum results.

By: Whitney A Smith