Archive for Business Building

How To Plan For A Marvelous 2010

tiger

For the past a few days, I’ve been celebrating the Chinese New Year with my family and lots of my friends. We play firecrackers on New Year’s Eve, and the holiday nights were all filled with beautiful fireworks and great food!

Chinese New Year is the biggest festive event that we Chinese celebrate. It is “Tiger Year” this year, so I wish all of my readers have a ROARING year ahead! 🙂

And in today’s post, I am going to outline a few things that you need to think about when planning for big profits this year.

This isn’t so much a “how to” guide as it is a way to help make everything you do and think more profitable.

The big guys who make millions already have all of 2010 planned out for their business. So, do you? What is your plan for this year?

This is pretty important and incredibly overlooked stuff. Remember, not planning ahead is planning for failure.

First things first- You need to determine what type of business you want to set up, or if you already have a business, what exactly you are doing with it.

Even if you already have a business that makes money online, you might want to rethink the setup of it.

Here are a few questions you want to ask yourself..

1. How much time will it take?

This is especially important when you are first starting out. You
want to focus on things that are going to line your pockets the
fastest because you need to pay the bills! You also want to make
sure you can do it along side everything else you are doing without
making anything else suffer.

Or you will have to decide if something else should be sacrificed
to do this new project.

2. What will make you the most profits?

Again, money isn’t everything, but it sure helps… especially in
the beginning. You can always do charity work later.

The money is what makes the online world go round. So try and find
a good opportunity and direction for yourself that will get you
from rags to richest in a reasonable amount of time.

3. What are you excited most about?

If you can concentrate on things you are excited about first, that
is optimum. You will find more energy for it and will be more
passionate about it. In turn you will probably get to a positive
cash position faster.

4. How will it affect the big picture?

Will it take away from other things that you are doing? You don’t
want a project to consume you so much that something else that
you’ve worked hard on suffers.

5. Can it wait?

All of us should have short term and long term strategies and
goals. You can’t do everything now. Focus on what will get you
where you want to go fastest now and reserve the other stuff for
later.

You need to determine what is most important and what will get me
there the fastest.

This is so essential in the beginning.

I want you to ask all of these questions because this should determine where you start.

You need to at least have an idea of what you want to accomplish with this business before you start anything.

If you want to build an empire, then obviously you will need more time and resources than somebody who just wants to promote some affiliate programs while they watch TV after their 9-5 everyday.

How serious do you want to get involved? I think just the mindset of this is what holds some people back. If you don’t know and are just bouncing from program to program looking for something to stick, then chances are, you aren’t making money.

The people who know what they want out of this business and are going after it are the ones pulling in the big bucks. Do you want to be that person?

Set goals and strive to achieve them, don’t just wing from day to day.

Write down your business and personal goals and set deadlines to achieve them.

The problem with the Internet is that it is cheap, and it creates a cheap mentality. You can get on the Internet for $20 a month for access, and set up a web site for $10 a month.

This is money that people can flat out waste every month. But if you look at it through regular brick and mortar eyes, where you have to pay full “rent and stock” prices, you may take your business a little more seriously.

If you had to pay $500 per month for Internet access and another $500 for web site hosting, then you had to pay $5,000 upfront for stocking your product, you would probably be much more serious about your business and immediately become the best marketer that you could!

So why doesn’t everybody do that now? Because the Internet is cheap, and they are too comfortable and secure with their current jobs.

But if you really want to make a solid-sizable income from the net, then learn the ropes, take off the gloves and get your hands dirty.

You need to be where the action is, to see any action.

Start now and before you know it, you will be making the kind of money that you want, and will be kicking yourself for not starting sooner… Trust me!

Don’t worry about failing. You are going to fail at some point, everybody does. Nothing is going to be perfect, so stop wasting time trying to make it perfect. Get out there and dive in head first!

I guarantee this will help you get more done in less time and help you make much more money in the new year.

Gong Xi Fa Cai! (Have A Prosperous New Year)!

Henry Zeng

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Why Giving Away Value for Free Can Actually Make You More Money

free1Before I start, let me ask you a quick question here: would you work hard at giving your work away for free?

Maybe you wouldn’t, because your father told you “Don’t work for free”, right?

But have you ever wondered that why there are so many people doing just that on the Internet? We can see that free stuffs are everywhere: free reports, ebooks, software and various free services…

Here’s the real truth: not only these people are making money, but they are also making staggering money just by giving away free stuffs!

They give something away for free, which opens up a huge buying opportunity.

If you ever read the latest book “Free: The Future of a Radical Price” by Chris Anderson (the fame of long tail theory), you will get the idea that everything will be free – ultimately; and $0.00 is the future of business.

And in this post, you will clearly see where the magic happens in the giving process, and learn the exact steps to take unfair advantage of this phenomenon and make decent profits.

In case you don’t know, let me introduce you to Cialdini’s law of reciprocation: people generally feel obligated to reciprocate when they receive gifts from others.

The law states that whatever you do will be returned back to you. If you can give away value and help people, you will get far more than you gave.

The 99% of people who fail to make money online because they don’t follow this law. They simply try to hard sell to everybody.

And if you can give something to people first, the obligation for people to give back will massively boost your selling and marketing efforts.

Here is the game plan: …Click to Continue →

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My Top 4 Fail-Safe Internet Business Models

Let me ask my most *IMPORTANT* question to you:

Are you focusing on proven and profitable business models, in a STRATEGIC way… Or just chasing after opportunities?

The sad truth is, MOST of the “How To Make Money Online” products on the market today are incomplete. They are just individual pieces of the bigger picture.

And for most people, they don’t even know what their current business model is. If you are not modeling after successful business models, you are preparing to fail online.

And in today’s post, I’ll reveal in detail that how these models work, and whether you should choose them or not.

Firstly, I need to mention 2 models I personally DON’T recommend…

…Click to Continue →

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The Most *Dangerous* Obstacle of Making Money Online

old doorHi everybody,

I’d say this post is just important to your online business career. If you don’t overcome this dangerous obstacle, you won’t make any real money online.

I really learnt it the hard way.

Sadly, 90 percent of online marketers are doing things that will prevent them from ever achieving their goals:

They have no plan. They love (and fall victim to) products that promise them huge rewards with little or no efforts. They always hop from one “big opportunity” that can make “a lot of cash” to another. They only care, “can I make money with this?” So today is eBay, tomorrow is Adsense, and yesterday it was another hot concept (but already forgotten by them).

Do you get what I mean?

…Click to Continue →

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5 Surefire Tips to Boost Your Residual Income Affiliate Program Earnings

If you followed my previous post, you will already get my concept that it’s crucial to have income sources that give you passive income over and over again.

And if you missed it, here’s the article again:

http://HenryZeng.com/archives/affiliate-marketing-survival/

As I mentioned, a majority of your efforts in Internet Marketing should be targeted at generating a recurring or residual income.

And here are my 5 surefire tips to help you squeeze the most of your recurring affiliate programs.

1) Promote high value, qualified products

The first rule does not only affect recurring commission products, but also applies to any affiliate products you’re promoting.

Remember, it is the benefits your referred customers receive to warrant them to continue investing in their recurring products.

2) Squeeze more money with closed-door affiliate programs.

Closed-door affiliate programs are those that require you to buy their products to be their affiliates. You are not going to be charged an arm and a leg to join; but you do need to find the good ones to join.

Here’s something you may not know about closed-door affiliate programs. They are generally to convert better!

Because you get lower chances of “getting crashed”- Ouch, another dude’s promoting exact the same product to your prospects!

There’s also less chance for Internet pickpockets to steal your affiliate commissions by simply replacing your affiliate links with theirs, because only customers get permissions to promote the products.

“But you’re kidding me! It cost me money to join an affiliate program?!”

Well, many public affiliate programs pay you less money (for example, they may not pay you on backend sales) or not convert as well as the closed-door ones, so this all balances out.

In life it’s hard to break the “sowing / reaping” principle, the “you get what you pay for” rule.

3) Pick out services that existing customers unlikely to stop recurring subscriptions

Impossible? Okay, I’ll show you some. Most products of this kind are technical related services.

As you know, I promoted a site called 3waylinks in my previous newsletter. It is a service that can help your sites rank well in Google. Each of the sites gets 250 “one-way” backlinks, which will have a great impact on search engine rankings, especially for Google.

So what if the member stops his recurring payment? The “one-way” backlinks will get disappeared immediately the day his account expires.

Another good example is Viral Link Tracker, a nice tool that can cloak affiliate links, track signups & sales conversions.

Think about it. When people got all their cloaked affiliate links spread on the Internet, do you consider they will ever think of canceling the service and make all their links invalid?

4) Bonus bribery strategy

This strategy is so simple but works. Offer your prospects some bonuses if they sign up under you rather than others!

How many resale rights products do you have in your hard disk? I guess a dozen of, right? Pick out the ones that related to the recurring products you’re promoting.

Ask your referrals to provide you their payment receipts and give them your resale products bonuses to download.

5) Help your referrals to benefit more!

After some time of hard promotion, you probably get quite a few referred recurring customers. And as you may noticed, many of these recurring affiliate programs allow you to contact with your referrals. Make use of this powerful feature! Introduce yourself to them, share your tips, make friends with them and get them stay longer for their subscriptions.

It’s not as hard as you think – show your personal experience with that recurring product, how you take advantage of it, how you benefit from it. Your referral will be truly thankful to you for helping them and more loyal.

Here I list the exact recurring commission products that I make money with:

3WayLinks

Private label club (this one converts like crazy!)

IMBuzz Software

Viral Link Tracker

Free Traffic Bar (get very high qualified traffic from this program)

LeadsLeap (my pro ad gets more than 400 clicks every month)

I’m always pleased to hear what you think of residual income affiliate marketing here. Just comment and share your thoughts below.

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