Monday, January 14, 2008

“Take your online products offline and earn more money!”

Here’s an example of how to take your online products offline:

Let’s say that you have a membership website online that costs $127. Did you know that you could take this same membership deal offline and increase the price? In fact, one Internet marketer did just that. He took his membership information offline and changed the price $297.

How could he do this? Price point has always been a big psychological factor in our buying decisions. We are taught that products that cost more have a higher value. Plus, concrete products generally sell for a higher price than their digital versions.

Guess what happened? Customers still flocked the product. He made more money from fewer customers. He took the risk and it worked out. You can try the same tactic with your online products and take them offline.

Another option is to let people buy software off your website that they can download immediately. You send them the physical version of the software as well. The digital download version expires in 30 days so they can turn to the physical product on or before 30 days.

Tip: A customer that is the most recent buyer is one of your hottest prospects. People who have bought your product within the last 30, 60, or 90 days are the most likely to buy more of your products. They are currently ravenous for your product and your niche market. So tap into these customers to earn additional sales.

What’s another way to easily create offline products? You can utilize public domain information. Public domain information is free information that is not under copyright. You can find this type of information at the Project Gutenberg website. You can repackage this material and sell it. It is an easy and affordable way to create an offline informational product.

Tip: It is difficult to have one product that makes millions of dollars for you. Most Internet millionaires have a slue of products. They rely on selling many different products through their product line. All the sales from these individual products add up to millions.

Plus, they know that not all of their products will sell well. They will have products that flop. So they play the numbers. The more products they offer the more chances they have to earn profit. You can use public domain information to make several products in no time at all.

Warmest regards,

Matt Bacak

P.S. If you haven't signed up for my
Powerful Promoting Tips yet, then you
are really missing out, go here:

http://www.promotingtips.com

P.P.S. Do you want to be updated on the new things I'm doing
to market my companies? Then you need to grab a copy of my
`Internet Marketing Dirt'. It's now better than ever before!

Go here and get a copy: www.internetmarketingdirt.com

Labels: , , ,

Wednesday, December 19, 2007

“Want to work less and earn more money?”

Million Dollar Idea: “Residual Income”

Residual income enables you to earn money without spending extra time and energy working on your business. It is the kind of money you earn while you sleep, go on vacation, and do whatever you want. Residual income affords you the financial freedom you desire. The top Internet businesses recognize and stress the importance of residual income. They focus their energy and goals on obtaining residual income.

How can you earn residual income? You can earn residual income in a variety of manners. One method is to set up a membership site. The membership site charges a monthly fee to its members. For example, you can charge $97 per month to customers in exchange for access to a special website. You must provide them with monthly content so that they feel the monthly membership is worth it.

You can up sell to these members constantly. How? Include links and offers to higher ticket items in the content that you provide them. Since these customers are already interested in you and your products they will be much more likely to buy more from you.

You can also set up an affiliate program. You can have hundreds of even thousands of affiliates that are a marketing and selling army for you. Be sure that you motivate your affiliates to sell for you. You can accomplish this by providing incentives such as high commissions and prizes for affiliates that bring in the most business.

You can also set up a financing program for your products. Some customers will experience sticker shock and will not buy your product unless you provide a payment plan. For example, you may have a home study course that costs $600. If you only accept a lump sum payment of $600 then you will turn people away. Instead, you can also offer a monthly payment plan such as $50 per month. You will reel in many more customers this way.

Many people think that the payment plan will hurt their profits. This is not the case. Why? You only had to create the home study course once, so it doesn’t matter if people bought it through one lump sum payment or through a monthly payment plan. Either way you are getting the same amount of money for the product. The only difference is the time in which you get the money.

Warmest regards,

Matt Bacak

P.S. If you haven't signed up for my
Powerful Promoting Tips yet, then you
are really missing out, go here:

http://www.promotingtips.com

P.P.S. Do you want to be updated on the new things I'm doing
to market my companies? Then you need to grab a copy of my
`Internet Marketing Dirt'. It's now better than ever before!

Go here and get a copy: www.internetmarketingdirt.com

Labels: , , ,