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The
One Business Secret That Could Make You Rich
Forever
(OK, there are actually a 'group' of secrets here...I rolled
them altogether to make ONE
secret ;-)
It doesn't matter what kind of business you own or want to
start, these secrets will
generate the most money possible from your efforts.
Since I don't know you, your abilities or desire to succeed
I had to make at least one
assumption about you: You know something about business and
you're older than 18. If
you have no idea what
If you're a reasonably intelligent person, then you'll have
no problem understanding these
points. I'm going to shoot straight from the hip... no BS,
no coddling, no arguments,
please!
Whether you agree with what I'm revealing here or not, is
NOT the point... these are
essential 'truths' to making BIG money in your own business,
not speculation - they are
time tested, battlefield proven FACTS.
Use them or not as you see fit. They are here to help you
and inform you. Period.
OK? Let's go...
#1: Capture EVERYTHING
You must CAPTURE the name, address, email, favorite ice
cream, etc...(if you can) of
every potential customer that contacts you in any way... by
phone, email or letter.
In order for your business to be profitable, you must use
the lowest cost methods
available to you that generate a consistent and reliable
flow of new prospects for your
products.
You MUST store your prospects in a database or spreadsheet
(like Excel) so you can
easily manipulate and retrieve and insert the prospects
information into your marketing
communications.
You must diligently and un-mercifully follow-up with this
person until a sale is made or
they want off your mailing list.
Normally it takes 1 and up to 10 communications with this
person before they will buy
anything from you. DO NOT STOP at 3 letters or emails. Mail
at least 10 times before
giving up on them.
#2: Sell Like A Madman
You MUST have your own product to sell in the $9.95 to
$49.95 range. This is your lead
product. It's inexpensive and it has to be good. It must
"WOW" your audience.
It must be a product you are proud of and that is above
average in USE-ABILITY and
USEFULNESS to them.
When thinking of a product to develop think about what
others would find USEFUL and
HELPFUL first. Focus on the customer.. what they would find
useful and helpful to
fulfill their dreams and goals.
#3: Upsell To Profits
You MUST have another product... either your own or as an
affiliate that is in the $295 to
$999 range. If it's your own product great!! You're going to
be in the BIG money. If your
an affiliate, make sure the product is $495 or higher and
you're getting at least 50% of the
gross as your commission. This is where the BIG money is.
You must diligently and un-mercifully follow-up with the
people who bought your lower-
priced product until a new sale made with the higher product
or they want off your
mailing list.
#4: Save (This one I learned from my wife:-)
You MUST KEEP every penny you make from your business and be
watchful you don't
spend money indiscriminately. In order for you to be rich
you must MAKE BIG money
and you must SAVE every single penny you make. This is where
most entrepreneurs
FAIL miserably. They make the money, but then they spend it
on stupid and non-
essential items that do not help them to produce MORE
wealth.
ONLY spend money on advertising that gets results or on a
'system' of some kind:
equipment, office systems, software or information that will
help you MAKE more
money. That's it.
Be very, very diligent about SPENDING.. in most cases DON'T!
#5: DON'T MANAGE YOUR TIME... Control it!!
'Managing time' sounds like you have very little control
over how it's used. Nothing
could be further from the truth. You must be as diligent
with your time as you are with
your money, especially if you spend a lot of time on the
Internet.
It's easy to waste minutes, half-hours, whole hours and days
just 'surfing' or 'browsing'. Is
that you?
Divide your time anyway you want but make sure the majority
of your time is spent on
DIRECT CASH GENERATING ACTIVITIES such as placing ezine ads,
subscriber
drives, sending offers and newsletters to your subscribers,
etc.
Here's the model I use for controlling my time:
80% to direct cash generating activities
10% to product delivery and customer service issues
10% to planning your direct cash generating activities
And... every 30 days take one whole day OFF- no cell phones
no pagers, no computer,
nothing! Really take a day off and re-charge you internal
batteries.
Be very, very diligent about SPENDING your cash and your
time and please ...don't
waste either one!
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