How To Really Profit from Domain Names

How To Really Profit from Domain Names

by: J. Stephen Pope

Have you heard about domain names that sold for over a million dollars? Inspired by this, you imagine registering a great domain name, hanging onto it for a while, and then selling it off to become the next multimillionaire. It could happen, but don`t count on it!

First of all, many of the truly great domain names are already taken. Second, the dot com bust took some of the wind out of inflated domain name prices. (If you sell your domain name for millions of dollars worth of stock in a publicly traded dot com flop, what is the name really worth?)

The cybersquatter buys domain names totally on speculation. Sometimes he will register names of famous brands, companies, or individuals. Time and again, these domain name speculators learn the hard way that they must respect intellectual property rights. They hope that some large corporation will pay big bucks to them for the use of the company`s own (already trademarked) name. Instead, they end up with threatening letters from a law firm for their attempts at extortion.

However, you can still make money from domain names if you are sensible in your approach. Here are some suggestions on ways to profit.

1. Affiliate Programs: Use your domain name to promote an appropriate affiliate program. Either redirect to the affiliate site or write a review that links to them.

2. Informational Sites: Create content and then profit from it by earning advertising revenue through Google AdSense or a similar program.

3. Redirect to Your Own Site: Some reasons you might want to do this include preventing competitors from using a particular domain name and benefiting from searches some users perform by domain name. (For example, if they wanted to order flowers, they might just type กflowers.comก in their web browser. You could get some traffic and sales this way.)

4. Product Sites: Create your own or sell someone else`s product appropriate to your domain name.

5. Park Your Domain Names: You might feel that your name has real potential for resale value. There are companies that will allow you to park your domain on their servers, advertise that your name is for sale, and split advertising revenue with you.

The trick is to generate traffic for your domain name. That traffic in turn will create revenue. Then, when you go to sell your domain name, you will have a few things going for you.

First, you will have a fully developed website. A fully constructed building on a piece of land increases the value of the real estate property. Similarly, the value of your domain name is enhanced by a complete and operating website.

Second, you have traffic. Just as a shopping mall with no traffic results in no sales, so a website must have traffic to generate income.

Third, you have income. An income property, such as an apartment building, can be appraised on the basis of its income (as well as other factors). Similarly, the gross income, net profits and cashflow of a website have value. For example, if someone offered you $1,000 for your domain name and website when it was generating $10,000 per day in profits, you would likely laugh at him.

You really can profit from your domain name investments by adding value and properly developing your web properties.

For further information about profiting from domain names, visit http://www.yenommarketinginc.com/domainnames.html

About The Author

J. Stephen Pope, President of Pope Consulting Inc., http://www.popeconsultinginc.com/ has been helping clients to earn maximum business profits for over twentyfive years.

For valuable Work at Home Small Business Ideas, visit: http://www.yenommarketinginc.com/

This article was posted on February 28

by J. Stephen Pope

Residual Income, a Myth?

Residual Income, a Myth?

by: Chris Andrews

Iกm writing this in response to the every distributor in every company and program that tell you that the greatest things about MLM/Network marketing is the residual/passive/ongoing income that กkeeps making you money foreverก and theyกll even try and convince you that it will กkeep on growingก whether you do anything with your business or not. Why? Because it is misleading at best.

What is residual income? Well, essentially in the world of sales when you gain a customer of a company you get a commission on that sale. Itกs been going on since people sold things for other people. The idea of a residual income is that you get paid on an ongoing basis. Usually monthly. For instance if you sell a subscription to a service then you can get a cut of that service on a monthly basis. Another example being in consumable products such as shampoo or nutrition, each time that customer buyกs their monthly supply you get another cut of the profits.

What a lot of networking companies class as residual is the income you get from your downline. Especially companies that are based on recruitment of people who กshop for themselvesก as กprosumersก and are totally based on self consumption with no sales outside the company at all. So yes, in this scenario youกll get a check on the efforts of others on a regular basis.

Why this page then? Purely because residual income is touted as the way to make your money and create a permanent income stream. People actually say you can sit back and do nothing for the rest of your life and the money will still come pouring in. Saying this turns a blind eye to many important things.

Money from your own customers is higher

Firstly, i should say that any commissions you receive will be higher form your own efforts than those of your downline. So being on a manic recruitment drive of self recruiters could be earning you less money that building yourself a solid customer base and teach others to do so.

Company can go under

Any company can go bust. I don’t care how long theyกve been trading. If they’re not profitable then theyกll soon not exist. The government of your country could deem that their compensation plan is illegal. Perhaps your company might decide that they can get their own customers and allow people in through their corporate web site when you’re not allowed to do the same. One company in recent times suddenly changed their minds and were not longer mlm!

Company could change itกs rules for qualifying for income.

You compensation plan isn’t set in stone. Companies have often been know to have a change of heart when it comes to dishing out the money. Or you could find yourself in a situation where idle company reps lose out on all or a part of their commission unless they meet monthly quotas.

Product could go out of fashion

The super whizzy products that your company promote could easily go out of fashion and no longer be what people want. Or be totally superceded by you competition. Result? A mass exodus of customers and recruiters.

Attrition

Attrition can be a killer to your income. Basically attrition is the drop off rate from your customer and/or distributor base. After all, people change their mind and no longer want your products and or services. Even a growing business has to offset itกs growth against attrition. Letกs assume that each month you keep 90% of your downline/customers (and thatกs a high estimate!) and start at that magical six figure income value of $100,000. In just 8 months, your monthly income of $8000+ is down to just under $4000 and in another 7 months it will have halved again. Before long, this ‘retirementก income is looking pretty pathetic indeed.

Scary eh? Well, it needn’t be. You should concentrate on building a great income and build up that passive income to great levels. Just don’t rely on it being there forever. Take the money you’re earning, supplement your income pay off your debts treat yourself and with whatกs left over build up your own income streams elsewhere. Iกm no expert in investment, but thereกs plenty of sources of info on using your money wisely in building a rental properly portfolio, a share tracker investment account or even a private pension to look after yourself.

Just don’t waste it all, okay?

About The Author

Chris Andrews has a keen interest MLM and network marketing, but not in the way most people are. He writes about his experiences on the site http://www.wanttoknowmore.com/ and the blog http://christopherandrews.blogspot.com/

Article may be reprinted provided content is not edited and links are kept live.

This article was posted on September 02

by Chris Andrews

Can the Average Person Earn a Stable Income Operat

Can the Average Person Earn a Stable Income Operating an Online Business?

by: David Moore

Is a workathome business using your computer as your income tool realistic for the average person? First, let me say that I do not believe in the notion of an ขaverageข person. There is no such thing. If there were, we wouldn’t have different acumens, different personalities, and different talents. My wife has many exceptional talents. She is extremely intuitive and seems to be able to see right through anyone who is not what they appear to be. But some of the basics (I think) of comprehension have passed her by. After 33 years of marriage I only learned last week that she was unaware of the procedure of putting gas into the car without having to squeeze the lever on the nozzle and keep holding it down. She didn’t realize you could slip the lever onto a notch and the flow of gas would shut off automatically when your tank is full. And she’s always fulfilled the function putting gas into her car, or ours, when we only had one car and she was driving it.

So on this very cold day she asked if I would mind taking her car to the station down the street to fill it with gas. She told me her hands got too cold when holding down the lever and she couldn’t find her gloves. UNBELIEVABLE! How could anyone not know you don’t have to keep holding the lever down with your hand? But you know what, I’ll bet there are lots of similar functions we take for granted whose utility others do not understand. At the same time, I’m sure there are things we don’t understand, or that we do the hard way when a much simpler application is available to us.

What’s my point? If we keep thinking the same way we’ve always thought, we’ll keep getting the same results we’ve always gotten. Einstein said it best. ขThe significant problems we face cannot be solved at the same level of thinking we were at when we created them.ข

Having dispelled the notion of ขaverageข let me say that yes it is true that a workathome business using your computer as your income tool is realistic for anyone who can read and write and perform the basic functions of life whether you keep holding the lever down, or you do as I do and slip the lever into the notch on the nozzle while you get back in the car and listen to ball game on the radio until the tank is full.

But regardless of your acumen, your personality, or your unique talents, to be successful with an online business you have to have three important qualities, 1) a willingness to learn, 2) patience, and 3) focus.

You can’t just jump into an online business opportunity, no matter what it is and no matter what is promised and expect to earn money without first learning something about it. So if you’re unwilling to learn don’t get started. You’ll lose money and you’ll get frustrated and angry with yourself and everyone else.

Secondly, if you expect to earn $4000 your first month in an online business you’ll be extremely disappointed. If that’s what you are promised then that’s your first clue that what you are considering is NOT a reputable business. Now if you’re internet business savvy and you can bring along contacts and methods from previous ventures then it’s a possibility. But for the vast majority of us it’s like trying to make a call on a cell phone with no battery. You can punch in all the numbers you want but you won’t get through to anyone.

This leads me to my third point, FOCUS. Depending on where you go for the statistics, as many as 97% of people who start an online workathome business drop out before they have been in the business for even six months. It takes time to learn and patience to put that learning into practice. So if you’re unwilling to stay focused, if you’d rather watch ขAmerican Idolข every night so you can get in your vote, or if you’d rather stay glued to the TV to watch your favorite team win some and lose some every night you won’t succeed. Why?

Back to the simple principle. If you keep thinking the same way you’ve always thought you’ll keep getting what you’ve always gotten. So making money online is really not about acumen, or personality, or talent. Anyone can succeed and realize significant monthly income through the power of FOCUS.

I was reading a passage of scripture recently from the book of Jeremiah. This is what it says. ขIf you have raced with men on foot and they have worn you out, how can you compete with horses? If you stumble in safe country, how can you manage in the thickets?ข YOU HAVE TO STAY FOCUSED!

About The Author

David Moore is a member of the Wealth Online Website system. He is a home based online business entrepreneur, but his first love is his wife Cheri and their three grown children (and one awesome grandson). Dave teaches in the Social Science Department at a University (parttime) and has served on the administrtative staff of a faithbased humanitarian aid organization. He has completed post graduate programs in both Cross Cultural Communications and Higher Education Administration. He believes strongly that the application of all selfgenerated wealth must include a provision for giving back to the commmunity, the church, and other worthy causes. If you would like more information on his online business, please visit his website at: DavidMoore.ws.

This article is not copyrighted.

dvdmr11@msn.com

This article was posted on April 20

by David Moore

3 Simple Ways to Start Your Home Based Internet Bu

3 Simple Ways to Start Your Home Based Internet Business Right Now

by: Andrea Hayhurst

So, youกve finally decided to take that giant leap of faith and start your very own home based internet business. Youกve decided that itกs finally time to step up to the plate and claim your share of all those internet riches you keep hearing about. Only problem is, now that youกve finally made your decision, it seems like a pretty daunting task deciding what to do next. Using the term กinformation overloadก to describe the problem seems like a huge understatement.

Well, if you’re really serious about starting your own home based internet business, the next step really doesn’t have to be that difficult at all. There are 3 relatively simple ways to start making an online income and one of them is sure to fit your particular idea of what it is you would like to do. So, just relax, take a deep breath, and peruse the following list until you find something that strikes the right cord.

1Join One or Several Affiliate Programs

This is probably one of the easiest and quickest ways to get started making money online. The internet is full of products that have affiliate programs you can join and most of them pay generous commissions. When you join an affiliate program, you are simply making an agreement with the owner of a product that you will receive a commision in exchange for referring a prospect to that personกs product (usually a sales page that you have sent the prospect to via your affiliate link) if that prospect ends up making a purchase.

Start by choosing a product or service that you’re interested in and then visit some of the websites which have achieved top rankings for the keywords which describe that topic. You’re sure to find the top affiliate programs for that industry relatively quickly. Or, try visiting one of the many affiliate program directories (you can find them quickly enough in Google) and scan their listings and recommendations until you find something that appeals to you.

This is a good one for newbies since you don’t even need your own website to get started. You will, however, need to learn how to use the pay per clicks so you can get some targeted traffic to your affiliate link. Once you start generating some income from the pay per clicks, you can then start reinvesting some of your profits and get yourself set up with your own website. By that time the prospect of getting set up with your own website won’t seem so daunting.

2Join a Residual Income Program

Residual income programs are somewhat similiar to affiliate programs in that you typically get paid for referring a prospect to the programกs website if that prospect decides to make a purchase. However, the difference lies in the fact that with these programs you also have the opportunity to earn a monthly recurring income if the prospect you refer becomes a paying member of the residual income opportunity program. For example, I belong to one of these programs myself. If a prospect comes to my website and clicks on a link which takes them to the sales page for the product and they buy, then I get a commission. However, if that prospect also decides to become a member of the residual income opportunity program, then I get a check every month as long as that prospect remains a member of that program.

People tend to be skeptical of these programs and get them confused with pyramid schemes. The way to tell if one of these programs is a pyramid scheme is to simply determine if the company in question offers a real honest to goodness product or service. If so, it cannot be classified as a pyramid scheme and you should be okay. Don’t be scared off by the fact that you will most likely have to pay a monthly fee to participate in the residual income opportunity. If you can build a downline for yourself in one of these programs, the monthly fee will be negligible compared to the potential residual income you could earn. Alot of these programs will provide you with your own cookie cutter website, which is okay if you are just getting started. Again, use the pay per clicks to start generating some traffic and then work on getting your own site up so you can start to build your own opt in list.

3Sell a Hard Good or Downloadable Infoproduct

Okay, okay, I know this one doesn’t sound so simple or easy, but to be honest, itกs really not as hard as it might first appear. Selling a hard good entails offering a real physical product (like fishing poles, for instance) for sale in your own online retail store. If this idea really appeals to you, go for it. Brainstorm some products you would enjoy selling, then do some keyword research in Wordtracker to develop a targeted niche within that market (deep sea fishing poles?).

After that, you can use a drop ship source directory or the search engines to find manufacturers or distributors who will drop ship the merchandise for you (meaning they ship it directly to the customer and you don’t have to carry any inventory). Then go to Ebay or Yahoo and sign up for one of their stores. I know from personal experience that Yahoo has some merchant hosting packages that are great and super easy to use. Theyกll even provide you with a shopping cart feature and help get you set up with a merchant account (so you can accept credit cards). Plus, youกll get some traffic already built in since millions of people are using their shopping directory to browse for products every day.

As for the website itself, don’t worry. Most hosting companies today have some type of site builidng solution available for those customers who wouldn’t know an html code from a java script. Believe me folks, if I, a completely technically useless and html challenged technophobe can do this, ANYONE can.

Now, as to the infoproduct. By the way, I mean YOUR OWN infoproduct. Everyone on the web and their mother will tell you that this is the best way to make the really big bucks online. Write about something you know and/or love. The topic of internet marketing seems to have been way overdone. Unless, of course, you are a true expert on some niche internet marketing subject, then definitely do it. Just don’t do it because everyone else is.

As for the actual writing, you don’t even have to do that if you really don’t want to. You can check out a site like elance.com and post your project and have writers bid on completing the project for you! And there are so many easy to use PDF ebook creators available that formatting the book should pose no technical challenge whatsoever. Set up a simple little one sales page website with a link for payment processing, optimize the site for the engines, use the pay per clicks, find some JV partners, and you’re in the money!

By the way, I know of some guys who have about 10 or 15 of these little mini sites set up selling little reports on niche topics and raking in an average of $2,000 a month from each site. And they’re incredibly easy to set up and practically run on autopilot once you do!

Well, there you have it. Just a few relatively simple ways to get you started on the way to raking in YOUR share of the internet gold mine!

About The Author

Andrea Hayhurst is an internet marketing professional and publishes กHow to Succeed Onlineก, a fresh and informative newsletter dedicated to supporting people like YOU! If you`re looking for the top rated home business opportunities, the latest time saving tools and helpful support from a friend in the business, come by and grab a free subscription today at http://www.YourESource.com

amh@youresource.com

This article was posted on August 07, 2004

by Andrea Hayhurst

Who Else Wants Their Share Of Residual Income With

Who Else Wants Their Share Of Residual Income Without Having To Go MLM? (Or How I Increased My Monthly Revenue While Sitting At The Beach in Africa…)

by: Stephanie Hetu

Last week, I read a very cool case study written by Anik Singal (sorry, can’t give you the link to the case study, it is available only inside his exclusive Affiliate Classroom, which I highly recommend, by the way http://www.membershipsitereviews.com/affiliateclassroom.html ) where he was explaining how last month, while being very sick, he still managed to create a 4800$ RESIDUAL income.

I found his report very cool, because Anik has a way with words, and he was telling exactly what I am trying to teach on my site about promoting or starting a membership site : it is one of the BEST way to create RESIDUAL income online!

I know many people, when they hear the word ขresidualข, they have a bad taste in their mouth, mostly because they have tried and failed big time in MLM, where they often promise you extremely high residual income but where in fact, only a few people at the top make real money. Been there, done that. I think every single affiliate marketer has been down this road at some point. Why? Because mlm is everywhere, and the recruiting is very heavy online.

But what if I could teach you a way to build REAL residual income? And what if I told you that you DON’T have to buy a starter kit…or to buy expensive products every month?

It is totally doable, and it wont cost you a cent. Let me explain.

………………………..

How to do it : make the best choice

………………………..

There are two types of affiliate programs online : the ones that pay a onetime commission, and the ones that pay a residual commission.

The difference? For the SAME EFFORT, the first option brings in a onetime income, and the second option brings in a MONTHLY income.

Think about it, if you had to choose, which one would you promote? Residual commission affiliate programs, of course!

Let me repeat this, it is extremely important : for the same EFFORT, you get paid EACH MONTH instead of only once!

………………………..

What is the secret?

………………………..

There are no secret… only one very interesting way to create that residual income : membership sites.

Membership sites are not for everyone, of course, but let me show you the two options you have (one for the lazy guy, another for the creative one!)

1. The creative option

If you have a real passion, in a profitable niche, you can create your own membership site. The one thing I hear a lot is ขyeah..but people won’t PAY for content, there are so much free stuff online!ข. This is absolutely FALSE. Why? Because time is money. Yes, there are tons of free content online, but in it there’s a lot of crappy content too! In our busy world, people are HAPPY to pay to get the real information quickly.

Of course, you have to offer great value for the money, but it is totally possible to create a very successful membership site. Many are doing it right now, and making real big bucks too!

Think about this : let’s say you start a site about info product creation and you decide to charge 27$ per month to your members. Well, once you have 100 members, you will be making 2700$ per MONTH! This is much better then doing 27$ once, when you sell an ebook.

Some will argue that it takes a real big effort to provide fresh new content each month. Let me tell you this : for my own membership site, I don’t do everything myself. Each month I set aside a part of my revenue and reinvest it in the site for fresh content. This way I can pay a few writers and specialists to help me out!

2. The lazy option

If you are not really interested in starting your own membership site, the lazy option is this : promote someone else’s membership site! You see, most membership sites has an affiliate program in place. Why not take advantage of it? The real big difference is that instead of getting paid once, as I mentioned earlier, most membership site affiliate programs pay you a residual monthly commission.

Think about this : if a membership site pays 50% commission to its affiliates, you get exactly the same share of profit then the membership site owner, and all you have to do is promote it!

………………………..

Conclusion

………………………..

By now, you should be convinced that promoting membership sites, or starting your own, is a great way to increase your monthly revenue. Even if finding those membership sites to promote is not easy, it is worth the extra research time!

………………………..

Hey… but what about the beach in Africa?

………………………..

Nearly forgot to mention it. Great headline don’t you think? Just kidding here. Well, it is totally true! I spent 2 weeks in Africa, doing a tour, and I stayed a few nights at a luxury resort on the beach. And while I was there, I did not have to worry about money, because I new that I was making some more even while I was away! Not only my monthly income is insured, it is always growing because my advertising campaigns are on autopilot!

Ok, I can’t guarantee you will make millions of money tomorrow by promoting membership sites, but you should really try it, it’s a lot of fun and you will be very happy you did, a year from now, when you will have a steady monthly income coming in 😉

Your partner in online success,

Stephanie Hetu

This article can be reprinted as long as the resource box stays intact.

About The Author

Stephanie Hetu has been working on the web as an affiliate since 1999. She owns her own membership site: a niche site offering dog training help to dog owners (with a residual affiliate proram, of course!). Her passion for the subject has led her to create a unique site about… membership sites (!) where she reviews tools to start a your own, and membership sites you can promote.

To receive her membership site reviews, subscribe here (there’s a gift with it!) :

http://www.membershipsitereviews.com/newsletter.html

This article was posted on February 22

by Stephanie Hetu

Is there a shortcut to successful online business?

Is there a shortcut to successful online business?

by: Richard Grady

Copyright 2005 Richard Grady

There has been quite a discussion in my forum this week regarding the latest online กcrazeก to generate fast money….

In fairness, this method of earning quick cash has been around for quite a few months but it is just starting to trickle out to the masses as more and more people realize the potential and jump on the bandwagon.

In case you have missed the forum chat, the overall concept of this opportunity involves using software products such as Traffic Equalizer ( http://www.thetraderonline.com/trafficequalizer.html ) to create websites. Traffic Equalizer and similar programs work by taking a keyword that you input and then building a website around this keyword. The end result is a directory or portal of related links to other websites/articles that are relevant to the keyword that you chose. Because of the way in which the automated site is structured, these pages have a very good chance of achieving high rankings within the search engines, which of course can mean lots of free traffic.

So, take things one stage further and add some affiliate links or Google Adsense adverts to the automated pages and suddenly these automated websites become sales tools which potentially can earn money from every visitor, which you will recall are all coming from search engines for free 🙂

Now the fact is that each site may or may not earn you any money and the vast majority of sites will probably be doing well if they bring in $5 of Adsense income each day but hereกs the thing it only takes a couple of minutes to build a site and once built, it requires absolutely no maintenance. Can you see where I am going with this?

Basically the speed at which sites can be built means that you can build lots and lots of sites and if each one can, potentially, earn you $5 or more a day, this soon adds up to a reasonable income.

So what is the downside I hear you cry?

Simple. In my opinion, this กloopholeก (or whatever you want to call it) to get free traffic is not going to be around forever. Search engines hate to have their results manipulated in any way and as more and more people fill the Internet with these directorytype sites, the search engines are likely to find a way of excluding them from their results.

I know for a fact that people are making thousands of dollars a month using these automated portal sites and they continue to upload new sites every single day (sometimes as many as 50 or more in a day!) and quite frankly, I don’t blame them for taking advantage of this opportunity while it lasts. What worries me however is when people build their entire income around something like this without any form of backup plan in case the good times come to an end.

Letกs look at a similar situation that arose a couple of years ago. Stephen Pierce (who was unknown at the time in Internet marketing circles) released an eBook about his online success. One chapter of the eBook covered something that he called กSmart Pagesก. There were, quite simply pages which had been designed in a certain way to rank well in search engines. They were completely different to the directory pages I have mentioned above but the concept was the same fast, free traffic to your site from the main search engines.

Smart Pages were big business for, I guess, a year after Stephenกs eBook was published software was written to create them, more eBooks were written, I even tested them and wrote about them myself.

Gradually though their effectiveness started to reduce and nowadays, I doubt that any serious Internet marketer would even consider using Smart Page technology. I am sure however that for that period of a year, a lot of people made a lot of money from the Smart Page concept.

Just to illustrate this point further, I did a search on Google today for the term กSmart Pagesก and not one person is paying to advertise using Adwords for this search term not one! How often does that happen?

As I say, the directory sites that TE and other software products create are completely different to Smart Pages and do at least have some content but the fact is that they are being massproduced and in many cases people are not even bothering to change the standard page templates that come with the software. If Google (or any other large search engine) wanted to exclude the results of such pages, in most cases it would be pretty easy for them to do and if your only traffic comes from these very search engines, any income could stop overnight.

So what is the point of this article? Am I telling you not to use this technology?

Absolutely not I have been testing the various software products available myself to see how well they work so I am certainly not saying กDon’t do thisก. What I am saying is that you should be aware of the risks. You should be aware that you กmightก wake up one morning and find that as far as the search engines are concerned, your automated pages no longer exist and therefore don’t rely on methods such as these for your entire income. In other words, don’t put all your eggs in one basket make hay while the sun shines but be prepared when it eventually goes in 🙂

Plenty of people make a good living jumping from one fad or craze to the next but it can be a risky business. Just make sure you are aware of the risks.

About The Author

Richard Grady has been helping ordinary people earn online since 1998. He writes a free newsletter which is published every two weeks. To subscribe (and claim your free gifts), visit: http://www.thetraderonline.com/newsletter.html.

This article was posted on March 17

by Richard Grady

The Power Of Thinking Small Online.

The Power Of Thinking Small Online.

by: Patric Chan

I know what you’re thinking.

There must be a typo error, because everyoneกs talking about the power of thinking big online.

Obviously, thinking big is good. But do not under estimate the power of thinking small.

Hereกs what I mean:

If you want to make $100,000.00 in a year online, is it easier to achieve it from one source of income, or 10 online source of incomes that can give you $10,000.00 each a year?

The answer? Both are correct. But Iกd rather take the second choice by thinking กsmallก of creating 10 income streams from the internet to achieve that.

My justification?

Itกs easier for me to create an income stream that can generate $10,000.00 a year online for me than thinking กbigก to create ONE income stream that generates $100,000.00.

If I can create ONE income stream easily, whatกs stopping me from creating another 9 similar income streams from the internet to make $100,000.00 a year?

You might disagree with me because you probably say that staying focused on one income stream is easier. Thatกs fair and I absolutely agree.

But, Iกll still choose to create 10 income streams because my risk of failure is 10 times less.

Assuming I choose the first choice to make $100,000.00 using ONE income stream.

What happens if I fail? Simple. I lose everything in that one year.

But if I create 10 income streams, I can afford to fail as much as 50% of my income streams and yet, Iกll achieve 50% of success. Sounds ironic, yes?

Don’t get it wrong. Iกm not preaching to be negative of preparing to fail, but Iกm preaching reality on how to minimize risk to be successful.

Taking small steps is always easier than taking big steps.

Thatกs why, when I wrote my book for self improvement, กHow To Make More Money Easilyก, itกs about thinking small, not thinking big.

Itกs not for those who want to m.ake millions.

Itกs about how ordinary people are able to make an extra income each month easily. If they can make some extra money from one strategy I teach in my ebook, they can easily create 5 more income streams.

You can see it at:

http://www.makemoremoneylessons.com

After reading this article, please continue to think BIG.

BUT, don’t forget to think small as well when you want to achieve success.

All the best.

To your success,

Patric กHighSpeed Marketingก Chan.

Copyright 2004 Patric Chan

Important note to webmasters or editors:

If you wish to publish this article with your affiliate url for 70% affiliate commission to my latest book, please email me at patric@mymarketingtactics.com for details.

About The Author

Patric works with world class internet marketing gurus to build successful online businesses. Discover more insider secrets and the exact proven strategies to make money online:

http://www.automateinternetmarketing.com

This article was posted on September 06, 2004

by Patric Chan

Does Your Marketing Plan Need Changing?

Does Your Marketing Plan Need Changing?

by: Joy Gendusa

Change is good, right? Not always. But when is it bad? Is it a question of good or bad? Sounds philosophical. Maybe it is.

Philosophize on this…why would one take something that is going good – no.. great – and change it? Obvious answer is to make it better. Not!

In business or in marketing, change is not always good. When you have certain promotional actions that are in place making things happen, or in better terms, making you money – don’t change them! Why do I say this? Because I see it time and time again. Someone has a marketing campaign that is bringing in a good return on investment and they up and decide to change their postcard! What?!?!?!?!? Change your postcard – why??????? ขEr uh, we just decided to do something different.ข

And then some three or four months down the road, they call back with their tail between their legs and ask – no demand to have everything back the way it was before. In this latter case – change is good.

I am not just saying that to say that one should always keep their postcard marketing campaign the same and never change it. Quite the contrary. Change your marketing, change your habits, change your way of life when it warrants it. There is really some truth to the old adage ขIf it ain’t broke, don’t fix it.ข Maybe it is human nature to want to change everything once something gets going just the way they planned it. Who the heck knows? All I can say is step outside the humannature box. Change only when things are drastic or when change is warranted.

Drastic circumstances deserve drastic measures. But how do you determine drastic? Sometimes that is really easy. Your company’s income is crashing. Do something! Change! Or better yet, figure out what you changed and get it back to what was working.

How about a plateau? Does that deserve change? Depends on how long that plateau lasts. I have never seen things leveling off and staying level forever. It either goes one of two ways – up or down. I know an optometrist who had a very successful practice in small town USA. He never really marketed. He never really had to. People knew of him from miles around. Mainly he did PR stuff – a fundraiser here, networking there, etc., etc. His good works made him well known and respected and the community ooo’ed and ah’ed over him so much the paper loved printing it.

But things changed. Malls started opening up. People started shopping out of smalltown USA and into the bigger cities. The environment changed. But he didn’t. He still kept a good practice, but you could see something interesting – his gross income started to plateau. And over time – many years – that plateau gradually started to show where it was really going. I actually don’t have to say where – you’ve got the picture.

Now, would that demand drastic measures? Taking into account inflation, cost of living and other factors that are on the rise – yes, I would say that would demand drastic measures. Did he take them? Not until the direness became all too apparent. But yes, he finally did take them. He started postcard marketing his youknowwhat off!

I have another client that is just a dream. They have had the same list for the past 5 years, ever since they have been in business – thirty thousand physical therapists they mailed to over and over and over and over and … They never changed. They figured if it was bringing in the income it was the thing that was working. And it worked and it still works. And today – they made Entrepreneur’s 100 Hot List for 2005.

So, next time you think about changing your marketing plan, look to see if it needs it. Look at your numbers. Are they improving? Declining? If your income is going up – don’t change one single thing. But if it is going down or flat lining – for heaven’s sake, change!

About The Author

Joy Gendusa founded PostcardMania in 1998, her only assets a computer and a phone. By 2004 the company did $9 million in sales and employed over 60 people. She attributes her explosive growth to her ability to choose incredible staff and her innate marketing savvy. As an Expert Author, she is always willing to share her marketing advice through articles, interviews and speaking engagements; visit www.postcardmania.com.

This article was posted on September 07

by Joy Gendusa

What Does Financial Freedom Mean To You?

What Does Financial Freedom Mean To You?

by: Mal Keenan

Most working people dream of this thing called financial freedom. It certainly sounds like something weกd all want. But have you ever stopped to really think about what it means? It can mean different things to different people, so before you spend time looking for it, maybe itกs worthwhile to examine what the concept really means to you. After all, itกs hard to find something if you don’t know exactly what it is!

Time and money are inversely related. This means that in most cases, one can be traded for the other. And if you think of how that applies both to your everyday life and to the way business is conducted, itกs true. For example, you can spend your own time cleaning your house or mowing your lawn, or pay someone to do it for you, and free up the time for yourself. You can spend time researching on your own, or you can pay some money for someone elseกs specialized knowledge in that same field.

With that idea in mind, financial freedom may be defined broadly as reaching the point where you no longer have to trade your time for money in order to provide for what you want in life. There are two key phrases in that idea กno longer have to tradeก and กwhat you wantก. These are what you have to define for yourself, in order to determine what financial freedom means to you.

To many, financial freedom means just not having to work for a living. They dream of stepping off the treadmill of going to work everyday to pay the bills. Some may want to escape the stresses of the job itself, unpleasant working conditions, commuting, boredom, and so on. Others may just value more time to be with their families and pursue their own interests. For most people, itกs some combination of those.

But some people will want to continue to work, even after theyกve reached a state of financial freedom. They may already have a job they find personally rewarding, or they may be able to switch to another job which they love. If they’re financially free, the income they receive from a job doesn’t matter as much. Still others may want to run their own business. Financial freedom, for these people, means they don’t กhave to tradeก their time for money, but they may choose to do so.

The other important factor in finding financial freedom for yourself is that of your current and future lifestyle. Some people prefer a very modest home, car, vacations, and possessions, and will always want to live that way. Starting from the same point, these people will be able to reach a level of financial freedom sooner than those who aspire to more elegant surroundings.

To reach financial freedom, you will have to decide on your own means of getting there. You may find you can reach that point on an income, most likely from your own business, from investment income, or from a combination. If you take the business income route, be sure to build something that will continue to provide income, even if you don’t trade your time for it. Otherwise, you won’t have reached that level as weกve defined it here.

Ultimately, financial freedom is about control. Control over your own time and life, that will let you make the choices you want to make, rather than being forced to accept those offered by circumstance.

Copyright 2005 Mal Keenan

About The Author

For Everything You Need To Market Your Business Online Visit Mal Keenanกs Work At Home Start Up Site: http://www.workathomestartup.com/

For An Affordable Home Business You CAN Believe In Click Below:

http://www.workathomebiz.info/pluginprofitsite.html

This article was posted on January 04

by Mal Keenan

Tax Advantages In A Home Business

Tax Advantages In A Home Business

by: Joe Featherston

Every year, several thousand people develop an interest in กgoing into business.ก Many of these people have an idea, a product or a service they hope to promote into an in come producing business which they can operate from their own homes.

If you are one of these people, here are some practical thoughts to consider before hanging out the กOpenforBusinessก sign.

In areas zoned ‘residential Only,ก your proposed business could be illegal. In many areas, zoning restrictions rule out home businesses involving the coming and going of many customers, clients or employees. Many businesses that sell or even store any thing for sale on the premises also fall into this category.

Be sure to check with your local zoning office to see how the ordinances in your particular area may affect your business plans. You may need a special permit to operate your business from your home; and you may find that making small changes in your plan will put you into the position of meeting zoning standards.

Many communities grant home occupation permits for businesses that involve typing, sewing and teaching, but turn thumbs down on requests from photographers, interior decorators and homeimprove ment businesses to be run from the home. And often, even if you are permitted to use your home for a given business, there will be restrictions that you may need to take into consideration. By all means, work with your zoning people, and save yourself time, trouble and dollars.

One of the requirements imposed might be offstreet parking for your customers or patrons. And, signs are generally forbidden in residential districts. If you teach, there is almost always a limit on the number of students you may have at any one time.

Obtaining zoning approval for your business, then, could be as simple as filling out an application, or it could involve a public hearing. The important points the zoning officials will consider will center around how your business will affect the neighborhood.

Will it increase the traffic noticeably on your street? Will there be a substantial in crease in noise? And how will your neighbors feel about this business alongside their homes?

To repeat, check into the zoning restrictions, and then check again to determine if you will need a city license. If you’re selling something, you may need a vendorกs license, and be required to collect sales taxes on your transactions. The sales tax requirement would result in the need for careful record keeping.

Licensing can be an involved process, and depending upon the type of business, it could even involve the inspection of your home to determine if it meets with local health and building and fire codes. Should this be the case, you will need t o bring your facilities up to the local standards. Usually this will involve some simple repairs or adjustments that you can either do personally, or hire out to a handyman at a nominal cost.

Still more items to consider: Will your homeownerกs insurance cover the property and liability involved in your new business? This must definitely be resolved, so be sure to talk it over with your insurance agent.

Tax deductions, which were once one of the beauties of engaging in a home business, are not what they once were. To be eligible for business related deductions today, you must use that part of your home claimed exclusively and regularly as either the principal location of your business, or the place reserved to meet patients, clients or customers.

An interesting case in point: If you use your den or a spare bedroom as the principal place of business, working there from 8:00 to 5:00 every day, but permit your children to watch TV in that room during the evening hours, the IRS dictates that you cannot claim a deduction for that room as your office or place of business.

There are, however, a couple of exceptions we will note to the กexclusive useก rule. One is the storage of inventory in your home, where your home is the location of your trade or business, and approval for your business, then, could be as sour trade or business is the selling of products at retail or wholesale. According to the IRS, such storage space must be used on a regular basis, and be a separately identifiable space.

Another exception applies to day care services that are provided for children, the elderly, or physically or mentally handicapped. This exception applies only if the owner of the facility complies with the state laws for licensing.

To be eligible for business deductions, your business must be an activity under taken with the intent of making a profit. Itกs presumed you meet this requirement if your business makes a profit in any two years of a fiveyear period.

Once you are this far along, you can deduct business expenses such as supplies, subscriptions to professional journals, and an allowance for the business use of your car or truck. You can also claim deductions for home related business expenses such as utilities, and in some cases, even a new paint job for your home.

The IRS is going to treat the part of your home you use for business as though it were a separate piece of property. This means that youกll have to keep good records and take care not to mix business and personal matters. No specific method of record keeping is required, but your records must clearly justify any deductions you claim.

You can begin by calculating what percentage of the house is used for business, either by number of rooms or by area in square footage. Thus, if you use one of five rooms for your business, the business portion is 20 percent. If you run you r business out of a room thatกs 10 by 12 feet, and the total area of your home is 1,200 square feet, the businessspace factor is 10 percent.

An extra computation is required if your business is a home day care center. This is one of the exempted activities in which the exclusive use rule doesn’t apply. Check with your tax preparer and the IRS for an exact determination.

If you’re a renter, you can deduct the part of your rent which is attributable to the business share of your house or apartment. Homeowners can take a deduction based on the depreciation of the business portion of their house.

There is a limit to the amount you can deduct. This is the amount equal to the gross income generated by the business, minus those home expenses you could deduct even if you weren’t operating a business from your home. As an example, real estate taxes and mortgage interest are deductible regardless of any business activity in your home, so you must subtract from your businessก gross income the percentage thatกs allocable to the business portion of your home. You thus arrive at the maximum amount for homerelated business deductions.

If you are selfemployed, you claim your business deductions on Schedule C, Profit (or Loss) for Business or Profession. The IRS emphasizes that claiming businessathome deductions does not automatically trigger an audit of your tax return. Even so, it is always wise to keep meticulously within the proper guidelines, and of course keep detailed records if you claim business related expenses when you are working out of your home. You should discuss this aspect of your operation with your tax preparer or a person qualified in the field of small business tax requirements.

If your business earnings aren’t subject to withholding tax, and your estimated federal taxes are $100 or more, youกll probably be filing a Declaration of Estimated Tax, Form 1040ES. To complete this form, you will have to estimate your income for the coming year and also make a computation of the income tax and selfemployment tax you will owe. The selfemployment taxes pay for Social Security coverage.

If you have a salaried job covered by Social Security, the selfemployment tax applies only to the amount of your home business income that, when added to your salary, reaches the current ceiling. When you file your Form 1040ES, which is due April 15, you must make the first of four equal installment payments on your estimated tax bill.

Another good way to trim your taxes is by setting up a Keogh plan or an Individual Retirement Account. With either of these, you can shelter some of your home business income from taxes by investing it for your retirement.

Copyright 2004 Joe Featherston

Your Resources For Home Base Success,

Joe Featherston

www.homebaseresources.com

About The Author

I started this website to offer articles and resources for making your home base business a success. Learn from other’s mistakes and build a more profitable home base business.

This article was posted on February 26, 2004

by Joe Featherston

Three Reasons To Host Your Own Teleconference

Three Reasons To Host Your Own Teleconference

by: Tom Parker

Top companies have been doing it for years.
It enables their employees to กbe thereก without actually being there.
Teleconferencing has been in existence for a number of years to help people to work at home and still be a major part of meetings.
But, now itกs taking on a whole new dimension. One that is exploding on the Internet as a new stream of income.
Major Source of Profits for Internet Marketing
It had to happen sooner or later. Some quick thinking Internet entrepreneur thought of a way to harness the power of teleconferencing to make money.
Now, itกs taking off and is a strong, vibrant part of many businesses income. And in a lot of cases, itกs a main source of consistent revenue.
What could be easier. By hosting your own teleconference, or teleclass, you have the opportunity to do more in thirty minutes than you could in a month of advertising your website.
Wouldn’t you rather stay home, pick up the phone, host a short teleclass (that people paid to attend), and sell some of your products as a direct result?
Many Internet marketers are using teleconferences on a monthly basis as the optimal tool to keep in contact with their regular clients, website visitors, past customers, and new prospects. Teleconferences give you the opportunity to establish yourself as an expert on your particular topic like articles, seminars, newsletters, or word of mouth ever could.
This type of delivery of information satisfies the need that is so prevelant to the foundation of an Internet business.
Three Main Benefits of Hosting Teleconferences
With the momentum that hosting teleconferences is gaining among Internet Marketing top earners, what good does it do? Why are they so enthusiastic about hosting a class, seminar, or conference over the telephone? There are three benefits that make teleconferences more attractive, and productive, than other means of sales and marketing communication.
You’re Only A Phone Call Away
Ease of use and instant gratification, instead of a luxury, has become a demand. In marketing your name, product, or service, this key development in the needs of the consumers or target market must be kept in the forefront of your mind.
Seminars, classes, workshops, consulting, meetings… they all take time, money, plans, and travel. Itกs much easier to be able to sit in your home, or office, and กattendก a conference on the phone.
Attendees Get A First Hand Feeling Of กPersonalityก
One of the things that I don’t like about formal seminars and conferences is the feeling of กinferiorityก.
Do you ever feel like that? When the speaker is elevated above the crowd, and everyone is listening to what that one person is saying, you feel like you can’t possibly do anything the speaker is talking about. You’re not on the same level. Most people beginning in any type of business feel this way.
With a teleconference everyone is on the same playing field and instead of feeling inferior, the person attending the conference then feels the speakerกs กpersonalityก.
The phone has been a great way to keep in touch with people over long distances. People feel so much better when they have talked to a friend or relative. In the same way, when you host a conference, each individual person กfeelsก like they are talking to you, personally, on the phone.
You are answering their questions, putting aside their fears, telling them they can do it. You’re a friend, not someone who is กmuch betterก than they are.
Teleconferences Create Their Own Income
Of course, it has to get to money.
The first two benefits not only create an easy way to stay in touch with customers and ezine subscribers, and website visitors, and give you direct access to each กattendeeก, but they also create a very lucrative stream of income.
Teleconferences, whether free or on a paid basis (another easy income stream), save people money, time, and creates trust so that more of your products, or services, sell.
Plus, the fact that if you are hosting a paid event, you are making almost pure profit from the conference. Many people operating on the Internet are now using these events as a main part of their income. If you host a conference to 200 people at $100 per, youกve just made $20,000. Not bad for a thirty minute to one hour phone call.
Add to that the opportunity to record your conference, put transcribe it to written form and sell it as a package, give it away for more publicity for other products, or use it as an archive.
Everyone Can Do It
Teleconferences aren’t just for the experts. Do you have an ezine? Do you operate a website? Are you an affiliate of a product? Do you know how to plant roses? Catch fish? Find great deals in antique stores? Whatever it is you can do, you can host an event. The limits are endless.

About The Author

Tom Parker has put together a website to help people who want to host a teleconference or class, and has made it affordable for everyone! http://www.affordableconferencing.com is your place for reliable, affordable, reservationless teleconference lines for easy hosting. Go and check out the rates and get your conference started today!

http://www.affordableconferencing.com

conf@anytimeconferencing.com

This article was posted on July 18, 2004

by Tom Parker

Multiple Income Streams from Niche Markets

Multiple Income Streams from Niche Markets

by: Fred Farah

Multiple income streams, do you find the term confusing? Don’t, itกs really quite simple.

In the world of Niche Markets in Internet Marketing, multiple income streams simply means having more than one source of income. This is achieved by making money from more than just one online business.

Each different web site would generally be a different business. They could relate to each other, but not necessarily. You could have businesses that have nothing to do with each other. Both methods are quite successful.

Letกs look at different scenarios. How to market unrelated products? In the offline world, we are quite accustomed to seeing a little bit of just about everything sold in department stores, from razor blades to baby clothes to fashion dresses to living room furniture to washers and dryers, and so on.

Is this how itกs done in the online world? Absolutely, but it is not the only method. Mega Internet stores have evolved in such a way that to compete, you must be huge, and have tons of money to finance the operation, including the cost of the everchanging web site. The competition and horrendous costs leave no room for the little guy, so he has to find another way to do business.

Enter the newcomer, looking for a way to make a living on the Internet. Seeing he can’t compete selling a large mix of hard goods and soft goods, he can decide on a กnicheก product to market. A niche product simply means specializing in one key product, or just a few related products.

This concept applies to both hard goods (items that must be shipped), as well as to downloadable information products.

This opens up a whole new world of possibilities, and it means a whole different way of conducting business. Specialization is often achieved using minisites that sell only one product. The mini web site might have from one to five pages, but usually just a single page.

Your information product that you want to sell needs a web site, hosted by a web hosting provider that provides you their service at a reasonable cost. Letกs assume you started selling your product, and after a few months it is bringing in some income. It might amount to $1,000 up to $3,000 per year.

Thatกs not too bad, and is worth keeping, but certainly not enough to make a living with. This is where the concept of multiple income streams comes in. During the months that your business is building, you could be looking for other ideas. You find one that excites you, and more importantly you do the research and discover a good potential for attracting customers. So you go ahead with a second web site.

You have now achieved multiple income streams! Over time you have other great ideas. Actually, you are now up to four web sites with different ideas. Two of them are related information products, and the other two are hard goods.

All four are successful. Each one separately does not make enough to live on, but the combined four bring you in respectable dollars.

But how are we controlling our costs? This is important to do, seeing we have the cost of some advertising as well as the web site costs. We found it necessary to build a customer list for each different product, and periodical emails are sent to your list. All these costs can become quite extensive, almost prohibitive.

So, what do we do? How can we maintain our buinesses, yet keep our overhead down to where it isn’t cutting hugely into profits?

One critical aspect to look at is your hosting and to look for a web site hosting service that includes all or as many tools that you need in order to do some serious Internet business.

The tools aren’t all you need to consider. Sure having a hosting service that gives you an autoresponder is certainly a huge help. But, we have four sites here to market and at the average rate of $24.95 a business, thatกs close to $100 a month, a pretty steep bill especially if you are just starting out.

Now we are looking for a host that will provide all the tools we need to run our businesses, plus we want one that will allow subdomains in case we have closely related businesses. Can we get it all at one low and affordable price.

In addition to the tools we need and the overall hosting package we need for FOUR businesses, we are all about multiple income streams, so letกs see if there is a way to benefit (PROFIT) from the hosting company as well.

Many hosting companies now offer an affiliate program where you can earn a commission by referring a business and gaining customers. Thatกs pretty much a given, however the KEY is to ensure that the commission is recurring and not just a one time commission. Not sure what I mean about recurring income? Check the link out below for more information on recurring income streams

This is all great but the question now กIs there really a hosting company out there that will give me all the tools, let me host multiple sites for one reasonable price AND on top of that let me build another income stream?ก

The answer is yes and you can read my review of Recurring Income Streams and how a company called ‘thirdSphereก is an excellent example. At the same time you can learn the difference between Multiple Income and Recurring Income Streams. Read about it here: http://www.bestaffiliateproducts.com/thirdsphere.html

Having Multiple Income Streams from Niche Marketing is mandatory in todayกs Internet Marketing world, if that is, you want to make any serious money. Internet Marketing today has become much too competitive, and the newcomer has very little chance of breaking in.

Niche Markets, each with their own web site and relevant content is THE best solution. Niche Marketing is the hottest topic on the Net today. Niche Marketing is featured on my web site at Best Affiliate Products, and you can learn much more about it at http://www.bestaffiliateproducts.com/nichemarketing.html

Iกll catch up to you in my back yard in Niche Country.

Fred Farah

Best Affiliate Products and Niche Market Strategies

Subscribe to Niche Market Strategies Newsletter

And Niche Madness 7day email course

http://www.bestaffiliateproducts.com/

Copyright 2004

About The Author

Fred Farah

Long time business man who is willing to share his expertise using his web site Best Affiliate Products.

Itกs all about affiliate marketing to niche markets.

Lots to learn from the Niche Madness 7day eCourse, as well as the Niche Market Strategies newsletter.

http://www.bestaffiliateproducts.com/

This article was posted on April 24

by Fred Farah