Increasing Your Profits Through Re-Investment And PlanningWritten by Joe Bingham
Once you've been working online for a while, or at least investigated idea, you'll realize that while there is profit potential it's not open pile of treasures for taking that many hype oriented advertisements would like you to think.Instead, you'll realize that making profits online WILL require an investment of your time and resources -- just like any other business. While it's true you can start with a much smaller financial investment than traditional business, you're still going to have to come up with a PLAN for your investment and for USE of your profits. INITIAL INVESTMENT Jumping on promise of immediate huge profits is ridiculous, plain and simple. Take time to consider exactly what you'll have to accomplish before you'll start to see some profits for yourself. How many products do you need to sell or how many others do you need to recruit into your downline before your initial sign up cost is covered? How easy is that going to be to accomplish? Do commissions from your downline recur ever month or do you continually have to bring new people into business? Are there consumable products that your customers will continue to buy on a regular basis or are they one time sale items? You need to consider all of these factors and make a plan for your business. Set some goals. Your initial step should be to give yourself a deadline to make enough sales or get enough recruits to cover your own expenses. If you make your goal, then learn from that experience to set realistic goals for making profits. If you fail to make your goal of covering your own expenses or initial investment, reconsider your involvement in program or at least your methods of promotion. USING YOUR FIRST COMMISSIONS What do you plan on doing with your commissions or profits when you do start making them? Most sales copy will set you to thinking of quitting your regular job, buying a luxury car, and having time for extended vacations. Quite often it's these dreams that are used for motivation in closing a sale. Those are noble motivations, but let's get realistic. Sure, you can get there, but not without a plan of action, and not in your first week. So, what are your goals for your initial business profits? Are you in business to replace your current job? Are you looking for a secondary income to help with some specific bills? Or are you just interested in having some extra spending money on hand?
| | PubliCity Outside Your City: Outsourcing For More Affordable PR ServicesWritten by Todd Brabender
We all know that Internet has taken away geographic boundaries in business world. The accessibility and expansiveness of Internet allows entrepreneur/business owner anywhere in North America to search outside his local yellow pages for best and most affordable services available. This is especially true when it comes to finding PR/publicity services for your business. What it boils down to is . Inter'net can mean a 'net savings in your publicity budget.A few months back, I got an email from a California client who discovered that local part-time freelance publicity specialist he had hired was charging three times amount I charge and providing half services I offered. Because of that, client hired me to work with freelancer in heading up this nationwide campaign launch. The freelancer told me that because of West coast cost of living/overhead, he was forced to charge higher fees -- surprisingly, he was one of cheapest publicity pros in that area! I have heard stories like this time and time again from clients who hit 'net in search of a cheaper alternative to PR services listed in their local directory. That fact was drilled home to me even more when I recently took a detailed look at my portfolio of clients. I was surprised to learn that over last few years more than 40% of my clients for my Midwest-based PR business have come from West coast, another 25% from East coast and 10% from Canada. A quick e-mail polling of clients revealed same story over and over. They simply found it hard to locate professional, affordable PR services in their area, so they turned to Internet to find it. Frankly, for publicity campaigns restricted to your city/region, I recommend going with a local PR specialist/firm. They typically know local media market best and have solid media contacts there. But for a national or industry rade specific publicity campaign for your product/business, explore possibility of hiring a PR individual or team outside your geographic area -- especially if your product has nationwide appeal. One client remarked that he liked how our campaign brought a Midwest feel to his East coast-based business and helped him open up potential new business avenues. Another client said he looked to outsource to a small to mid-sized city PR business because, as he put it, "No matter size of office, West coast PR firms seemed very plastic and glitzy, while East coast firms seemed to be too hectic, almost frantic." That may indeed be a huge generalization on his part, because I'm certain there are wonderfully professional PR businesses in almost every city.
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