Why Your Internet Business is Like the Stock Market
As savvy stock market investors know, chasing after the one "hot stock" with the possibility of bringing instant riches is not a wise idea. You know the old saying, "Don't put your eggs in one basket". This type of thinking carries a high risk. If your stock goes up and you are smart enough to sell, then you've made money. However, if your stock falls, you just don't know when (or if) it will ever make a comeback. With this idea of chasing after the "hot stock of the day", you might as well buy a
lottery ticket. Diversifying your investment portfolio for long-term growth and
stability is the wiser of the strategy. You invest your money over any number of
stocks in different industries, thereby spreading your risk across the group. The same principle should be applied to your internet business. Many of us first
arrived online with the notion of building a really great website to reach the masses
in hopes of making a lot of money. We later found out that the "build it and they will
come" theory is just that, a theory. Oh sure, there are a few who have managed to
create a nice income from just one or perhaps two websites, but even Amazon
didn't turn a profit until 2001. Unfortunately, most of us do not have unlimited financial resources. Many have
given up, only to go back to either a corporate job or some other type of work in
order to support their family. What they did not realize is that their internet
business really should be treated like their investment portfolio. Why do many of us still try to squeeze every single penny out of one website until
it's bone dry? It's like wringing out the washcloth until there's no water left to drip.
Why bank all of our risk in just one site? There is a better way and it's called diversification and leverage. How? Instead of
building one website and beating it to death in trying to get every last penny until it
screams " no more!"... build more sites. In the past, building websites by hand took
days and weeks, if not months. Today, there are tools to make this process much
simpler and faster and in some cases, you don't even have to know any code at all. Why diversify and leverage your business across a variety of websites? To reduce
your risk and to leverage your efforts. Individually, they may not make a lot of
money, but collectively, you could create a nice little internet empire of your very
own. It will be well worth your time in creating a long-term internet "investment"
portfolio. To Your Success! Patty Gale Patty Gale is a successful entrepreneur who specializes in personalization and customer care for all her clients. She exchanged her suits, hose and heels for working at home in her "jammies" and is on a mission to empower other women to do the same. She can be reached at http://www.CommuteInYourJammies.com
Related News
|
 |
|
|
RELATED ARTICLES
10 Deadly Joint Venture Profit Killing Mistakes
1. Not sending out another mailing
20 Amazing Ways To Jump Start Your Sales
1. Find a strategic business partner. Look for ones
that have the same objective. You can trade leads,
share marketing info, sell package deals, etc.
Golf Pros Jet to be Sold early 2006 -- Market NOW to Make Large Deposit
Marketing gurus travel all over...Malaysia, London, San Francisco ..so make plans to go along on your jet in '06.
Make Money With A Business Opportunity Online
There are so many business opportunities these days that promise to help you make money online. What should you do to choose one? Here are some tips to help you with your decision.
FSBO Upscale Manhattan Co-op -- Only Strongest Offers Entertained
Had I known in 1985 what I know now about Internet Marketing, I would have leapt quickly on the Web instead of dabbling in real estate. Course, I DID learn about a property that was GREAT for my husband and me.
Offline Network Marketing Recruiting; Vital For An Online Business
I have become involved with many network marketing companies
the last year.
Flat Tires, Slow Leaks, and Online Marketing
Does your online marketing campaign have a flat tire? Or is it more like a slow leak?
Marketing Tourism Online, Part One: The Basics
This is part one of an article series which will introduce some basic strategies, considerations, elements, and techniques for marketing tourism products online. We plan to update and refine these articles as situations change and when we have new knowledge to present. If you have comments or questions, or you are interested in Leave Home's travel marketing consulting services, please visit www.Leave-Home.com or contact the author directly. You can also request to be notified when a new article in the series is available.
Get Permission to Earn Income Online for Life
Today, the internet is an excellent media to reach out to the masses. You should really get to know your market niches. Focusing your marketing efforts to reach that specific audience and the ability to communicate with large numbers of people in a very personalized manner.
Sneak Up On Your Competition
Dear Internet marketers:
After going through a couple of months of frustration, I finally came up with ways to "sneak up" on my competition.
I thought I would save you a lot of time, money and hard
work and share, my experiance with you.
First allow me to state a fact:
Success = Commitment = Time + Money.
Think about it. If money is an issue then time increases to have success increase. Or, if Time is an issue, then money needs to be spent to maintain a path to success. The ideal commitment would be to have an equal mix of both Time and
Money.
Here is another fact.
Something for nothing = nothing.
Please allow me explain. If you receive a no cost offer,
and make no attempt to investigate, and learn more about
how it will benefit you, you have no commitment and nothing
for joining. In other words, read training tips. Set up your account so it is functioning properly.
You just made a commitment. You have at least invested
something valuable, your time. Now you have something.
Now build on that.
Make a commitment to promote your opportunity. Start your traffic flowing and begin recruiting to have an income. If money is the issue, invest more time with email campaigns
that are designed well and SPAM free.
Now the sneak attack!
Drive traffic to your alfiliate URL or website. Use the following:
Traffic Exchanges, Banner Exchanges, Link Exchanges, (if you have our own site and control its contents). Write articles, (make sure they have your opportunity link in them.) then, publish them to the internet.
Now you really did something and your commitment increased considerably, without spending a dime, but by investing a considerable amount of time. Your investment just
became substantially more valuable.
Finally, establish a "Brand" name. Mine is Opportunities
Now Internet Marketing Services. I registered my brand with
the U. S. Patent Office and Arizona Secretary of State as a TRADE NAME. Cost? About $35.00 doing it myself. That was a
whileback, I don't know if those fees have changed.
I use my "Brand" on everything. Letters, Newsletters, email, site submissions.
This is powerful advertising!
Now my personal KEYWORD is:
"opportunities now internet marketing services"
10 Ways to Exceed Your Clients Expectations Every Time!
The following tips are just a few of the things I do as examples of setting my service apart from the crowd. In general, the weakest areas in the Internet Marketing and Web Development business, are "Customer Communications" and "Customer Service." Set your effort towards learning to deliver "excellence" in both customer service and communication, and you'll have distinct advantages over many other competitors. These tips are based on the tried and true method of "under promising and over delivering."
Do You Even Realize What Youre Promoting?!
Now, I'm a firm believer in knowing what you're getting yourself into. It's a universal fact of life. I've heard nasty stories of people getting into allsorts of bother, all because they didn't know what they were getting into. Blindly signing contracts, buying dud gear, giving in to the suspicious salesman who "reduces" the price just for today, just for you ? these are all examples of looking over the chasm to the opposite cliff edge?and walking.
7.5 Ways To Get More Sales Through Your Web Site
Yes, apparently - websites are supposed to make money! Somebody came up with the strange idea that it's really not enough to spend thousands on your site, hundreds of hours creating the content and then sitting back to admire you, and your developer's work. No - apparently it is now 'cool' to have a web site that actually makes it onto a sales column in your chart of accounts.. 'Return on in investment' is a good phrase that's being thrown around - what are you actually making from your web site in cash terms? Ever thought about that?
Manipulate Your Visitors With Reverse Psychology
Many people say that it is easy to write a sales copy and that there is really nothing to it. Well, all I can say is they are wrong! For many, writing your sales copy is difficult. Having the ability to write sales copy is an attribute that not many people have. When writing a sales copy you need to realize that there are a lot of psychological principles that are involved in the process. Reverse psychology on the other hand, is even more powerful when it is used properly.
Persist Or Perish, The Choice Is Yours: Learn The Rules Of Online Business
Everybody wants quick profits. The phenomenon is more prevalent on the net as compared to offline business. The situation is only worsened by those ever coming awe inspiring success stories where previously 'a nobody' made millions overnight. While these stories may invigorate the desire to be rich overnight, there is always 'the other side' that is never brought into the picture and never asked too.
The Ugly Side Of Internet Marketing, What The Gurus Wont Tell You!
Did that headline grab your attention?
Avoid The Sharks
They hang around your web site. Not buying, just lurking. Checking out what you're doing and what your target audience is doing. They wait patiently looking for any opening you may accidently give and then they strike. Who are they? Your competitors and they're going after your customers but you can avoid hearing the theme from "Jaws". How?
Website Marketing: 10 Smart Tactics To Make Your Online Testimonials More Credible
You know that using testimonials can help persuade
your website visitors to buy from you.
Ive Started My Own Online Business...Now What?
People ask me this question all the time! The "Now What" part is what grabbed my attention. There is so much more than just having an online presence. Just because you have a web site does not mean your work is done. You need to constantly promote, promote, and promote.
Website Sales: Using Direct Response Secret To Get Your Prospects To Buy - Now
I'd like to let you in on a little secret that most webmasters don't know:
|
