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I’d like to show you five secret strategies to extract profits hidden in your Internet business. Pay particular attention because any of these can boost bottom line revenue fast. Upsells Upsells are additional sales made at the initial purchase. McDonald’s does it when they ask to super size your order. When you sell an ebook for $30, you can add an upsell to the order form. The upsell offers an expanded version of the ebook with an extra bonus for $10 dollars more. This increases your initial transaction size. Done properly, at least 20% to 50% of your customers will buy the higher priced item. Lifetime Value of Customers Lifetime Value refers to how much a customer is worth. Customers tend to buy more than once. Say you sell vitamins online. It costs you $50 to bring in every customer. But they buy from you for six months at $30 per month. Even if you lost $20 on the first sale you profit $160 per customer over six months. Knowing this, you can break even or lose a little money upfront to get a new customer and profit from the repeat sales. Back End Sales The big money is made from repeat sales to satisfied customers. Create more products and resell them. It always costs more to get a new customer. The hidden profits are in what you do with them once you’ve got them. Build your business around a group of products you keep selling to your database. Joint Ventures Joint Ventures are project-specific partnerships. There are many ways to set these up but here’s one idea. Find other businesses that have comparable products to what you sell. Make sure they are not in direct competition with you. Ask them if they would like to sell their product to your list. You get a 50% cut of gross profits. Everybody wins. Create Higher Priced Products Believe it or not, a $20 ebook can be repackaged and sold for hundreds of dollars. Take the ebook and expand on it so it’s at least 150 to 200 pages. Record the ebook and make CD’s of the recording. Add a few bonus materials and now the perceived value is no longer $20. You can easily charge $300 to $1,000 for the same information properly package. Of course, it goes without saying, that what you sell must be valuable. By taking these strategies and modifying them to your needs you will tap the hidden profits in your Internet business. The money is there waiting for you. Using the above five strategies you should double or even triple your gross profits in the next 6 to 12 months. Royalty Free Coaching Products. - Keep 100% of the profits by selling your own royalty free coaching products! Type At Home - Converts All Traffic Ez. - www.type-at-home.com/affiliates.html - Stop wasting your time for Tiny Profits! Try it and See for Yourself! Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 |
More Articles:1. The Essentials of Free Internet Marketing By Marie Kirschbaum Given a solid product, a well-developed Web site, and a carefully designed marketing strategy it’s possible to make good -- even excellent -- sales without investing any money in promotion. That said, it does take a serious investment of time as well as marketing know-how. Although you may still want to invest in paid advertising, free advertising methods can help keep your costs down.Give them a reason to comeGive potential customers not only a reason to visit the first time, but a reason to … 2. The Myth of Internet Marketing: aka "The Golden Carrot" By Cathy Smith Why am I so mad I could throw my computer right out of my upstairs window?Well, I'll tell you. But first I want to tell you who I am.My name is Cathy Smith and I work at Lake Superior State University in Sault Ste. Marie Michigan. In the past two years the Governer of our state has cut the state funding for higher education by a whopping 20%. This has resulted in layoffs and job eliminations at our university.- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -We used to have a … 3. Boost Your Web Site Sales By Mike Linley The following strategies are used every day to boost sales from any commercial website. Most are simply common sense whilst others may take some time to master. All will help your site to start generating the income you expect from your online ventures.When your customers are at your order page they’re interest is already primed so they are open to other offers, this is an ideal time to up-sell to them. Tell them about a few extra related products you believe they would be interested in, th… 4. Did You Say Free?! By Marlene Carter There are books and web sites for the translation of the newest universal language...internet lingo! This is a fascinating new tool that shortens or abbreviates words and phrases for more efficient written communication.However, it seems that some very simple concepts have gotten caught up in this lingo and perhaps their true meaning has been distorted. Take, for example, the word 'FREE'! According to the Tormont Webster's Dictionary 'FREE' means without charge, not under obligation, costing n… |
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