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It’s All in the System – Finding One That Works For You

on 18-12-2009

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moneymakingsystems-findingEveryone these days are searching for that ever elusive silver bullet to great money making systems. I’ve also observed that human behaviour tend to result in people looking for a few basic requirements in an opportunity and HOPE that this one is going to be a great income generator.

Typically whether it be online or offline opportunities, people tent to pick those that have a compensation plan, training, cost to join and run the business, mentoring and advertising or marketing help. These are the key criterion that people tend to look for, which also usually means they don’t bother to go any further in their own evaluation process.

Having gone through this experience myself, the above are still important factors that help in deciding which opportunity to join, but one aspect which is often neglected by “Gurus” which is the most vital ingredient for your success is…

MONEY MAKING SYSTEMS

Every successful marketer, whether online or offline have a very strong solid foundation…meaning a flawless execution of the individual parts that when combined together make a well oiled, efficient, profitable machine.In other words, you should have a system in place before you begin anything else…and not just any system! To explain, the one you choose must be have proven, consistent and reliable money making systems, that when laid out properly, generates for you multiple streams of income and residual income.

Of course, then you might as well ask, if these opportunities already have their own money making systems in place, why then are most of these online business owners still failing? Most newbies are not too fully aware the reason for this is because the “Guru” that “created” these opportunities are the one who control every aspect of the system, leaving you with no part in creating the system that you will eventually rely on for income.

The best advise I can give is to go out there and look around for opportunities that not only has money making systems in place, but also allows you to learn and create each aspect of it.

It is important for newbies or marketers to realize and understand every single component that goes into the making of these money making systems. Then, you should be builging each of these components together so that they work as efficiently as possible in running your business. Each part of this system should also bring you one time and or even residual income, allowing your potential business to pay for itself while at the same time providing you with profit.

The below is a small list of the components that are built into any money making systems:

  • A domain name
  • Hosting for your website
  • A website
  • An auto responder
  • Tools and products for advertising/marketing
  • A front end funded proposal for your business
  • Quality leads

The above can be quite overwhelming to the first time marketer at first, but if you have the right mentor and training, these can be your most formidable arsenal of weapons in your system. They will make your potential business easier to maintain and more profitable in the long run.

So how do we evaluate any potential money making systems?

moneymakingsystems-finding2The key is RESEARCH.

Always try to dig deeper into the system that any “Guru” is offering you on any prospective offers. Review each and every single component thoroughly. Does each of them make sense to you? Are you allowed to set up your own system? Does each of the component provide you with one time and or residual income?

Becoming successful or even having some degree of success with any online business opportunity does not have to be that difficult. If you perform the necessary due diligence, you should be able to find one or even a few opportunities that meets and exceeds your expectations and goals. Once you have the right money making systems in place, you should start to see some results in no time with a combination of E.T.M.

If you have any questions with regards to any of the list of components in money making systems I mentioned above or even other components I did not include but you want more information on, just drop me a comment and I’ll be more than happy to help out.

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What makes your money making systems different?

on 05-01-2010

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moneymakingsystems-beingdifferentIt is a fact that no matter what market you decide to operate in or the money making systems you choose to follow, there are already thousands of people in that market doing pretty much what you are planning to do.

To continue the previous analogy, if you decide that you are going to become an affiliate marketer as part of you money making systems, you are probably number 5 billion on the roster of people who have made the same decision. Furthermore, it is a fact that of those people, 4.9 billion have already quit the business because they didn’t make it using their own money making systems and whilst you may be completely confident that you are different, the fact that so many people have failed before should provide food for thought.

Now, in a perfect world, you would be able to analyze what they did wrong with their money making systems so that you could avoid making the same mistakes yourself. Unfortunately, it is not a perfect world and you do not have the capacity to discover exactly why most people fail with their money making systems whereas a relatively small handful of marketers did, so you need to adopt a different approach.

What you have to do is come up with an ‘angle’ or as they say, your unique selling point that makes your money making systems different to those operated by other people who are doing a similar thing to you on the net.

As an example, typically most affiliate marketers are lazy so they promote the money making systems they are supporting by linking directly to the original product creators sales page in all of their promotional materials in their money making systems.

This money making systems approach has its attractions because direct linking will generate maximum sales as it puts the minimum number of hurdles all barriers between the prospect becoming aware of the offer and the point where they put their hand in their pocket to find their wallet.

Nevertheless, if every affiliate marketer is doing the same as part of their money making systems, then it is impossible for each of those individuals to differentiate themselves, meaning that the choice of affiliate link to follow effectively becomes a lottery.

If however you offer some kind of added value to the offer, you increase the chances that you are going to be the one who lands the sale. For example, instead of sending the interested prospect directly to the sales page, you might send them to your own ‘bonus offer’ landing page in your money making systems where they are presented with a superb bonus package simply for signing up through your link rather than through someone else’s.

This money making systems strategy represents a double winner, because not only does it add a new customer to your business, it also enables you to collect e-mail information from that new customer in a way which you would never normally do as an affiliate. This happens because in order to get their bonuses, you should make it clear on your bonus offer landing page that they need to send proof of purchase through your link by e-mail to claim.

The bottom line here is, you have to do something that is different enough in your own money making systems to stand out. If you can be unique and memorable at the same time, you establish your uniqueness and an ability to think differently which automatically makes you stand out from the herd.

Without a unique angle or selling point in your own money making systems, you are just one very small fish swimming in exactly the same direction as every other occupied of a very big pond.

If however you have your unique angle or selling point, you immediately become someone who stands out from the crowd, someone whose money making systems approach is different enough to merit attention. Do this and you are already well on your way to leaving behind your beginner ‘tag’ or status.

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Decide What You Want, But Stay Realistic

on 02-01-2010

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moneymakingsystems-realistictargetsIf you have an idea of what kind of online business you want to start with, you must also set objectives or targets. Without having an objective or a target as part of your money making systems, your activities are inevitably going to be unfocused and random because if you don’t know where you’re going, it’s also going to be true that you have no chance of arriving at a satisfactory destination.

You would not set off on a trip in your car tomorrow without knowing where you’re going and either knowing how you get there or at least having a map or a navigation system to help you do so. Well, trying to run your money making systems without having any idea of what you want to achieve is exactly the same as setting off with no idea where you’re going and no clue about how to get there.

Now of course, you want to be making as much money as possible from the Internet as quickly as you can, but this is never an objective or target. You have to define how much money you want to earn and set a time scale in which you want to achieve that ambition or hit that target using your money making systems.

On the other hand, what you must avoid is setting unrealistic or overambitious targets that you have no realistic chance of achieving. Irrespective of whether the sales page for the ‘how to’ product that you have just bought tells you that you can make thousands of dollars every day utilizing their particular money making systems, you can’t, or at least, you should not expect to start earning a fortune straightaway.

Be realistic with your target, and read around about the particular money making systems strategy that you are thinking of following to get an idea of how much money you are likely to make. This is important because it helps you to have a realistic idea of what you can expect to earn, which in turn helps you to establish achievable objectives.

As an example, if you are going to create a niche targeted blog site that will be monetized with AdSense, this is a site that you can realistically expect to generate $50-200 a month as long as you set it up correctly. Thus, if you can set up one a week (which should not be too difficult), then after six months, you would have 26 niche targeted sites generating $1300 a month or more.

This might not seem a great deal of money, but remember that this is still money you are generating without having to sell anything and of course, some of your niche blogs are likely to generate considerably more than $50, so the real figure is likely to be higher.

Nevertheless, it gives you a realistic ball-park figure to start with as an objective or minimum target.

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Why Planning Your Online Business Is Crucial But Can Be Difficult

on 30-12-2009

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moneymakingsystems-marketingplanOnce you understand that your online marketing activities constitute a real business, the next step should be obvious. There is no successful business on the face of planet Earth that has ever achieved success without having a business plan in place as part of your money making systems, and there is no reason to expect that you can buck the trend by attempting to run your online business without having such a plan in place.

Now, the thing here is that before you can put such a business plan in place, the first thing that you need to know is how you’re going to make money.

And deciding how you’re going to make money on the Internet is another hurdle or pitfall that will often cause problems for a newbie who is not yet really sure of what they’re doing.

The problem here is that there is simply too much choice. There are dozens (if not hundreds) of different ways of making money online, and thousands of products that at least in theory teach you how to do so with their own money making systems.

The problem is that many of these products are contradictory, as they often relate the authors or creators own personal money making systems of making money on the net. Whilst this means that assuming that the product creator is telling the truth (which fortunately, the majority do), you can follow their methods and make money, this is not always the case.

Furthermore, because there are so many different products available many of which tell a different story, it can become incredibly confusing if you are trying to find a way of making money that suits you.

Take as an example the idea of making money by selling ‘stuff’ on eBay. Given that this is the world’s number-one auction site, you would think that making money by selling something on eBay would be relatively straightforward and that there would be a fairly widely agreed, standardized money making systems for making money.

If however you search Google for something like ‘make money from eBay’, you will see that there is an awful lot of information available with over seven a half million results indexed!

Take a look at any of the eBay results returned and you will find the huge amount of information and advice, but a lot of this advice will appear to be contradictory. Consequently, it is very difficult to know to do for the best.

Because there is so much information available, many new online marketers suffer what is known as ‘analysis paralysis’, or an overabundance of information on money making systems. As they have too much information available, they become confused as to what works and what doesn’t, with the result that they do nothing because they are scared of making the wrong choices.

This problem is exacerbated by the fact that most newbie marketers are sometimes a little gullible when it comes to online marketing products.

As a result, many people who have just started marketing online seem to have complete faith that the next ‘latest and greatest’ money making systems are the one that they have been waiting for, the one that is finally going to shoot them to online marketing superstardom.

They read it and maybe they start to put into action the plan about which they have just read. If so, the chances are that they will not stick with it very long because they want to start making money quickly and this particular way of doing so doesn’t seem to be working for them.

And of course, they have already signed up for the mailing lists of all of the big names in the industry, so a couple of days later, information about the next wonder product, the one that is absolutely guaranteed to make their fortune, arrives in their e-mail inbox. And of course they buy it and try it, only to find that they make no more money with these money making systems than they were with the previous one, hence they cast it aside and buy something else that is a ‘guaranteed winner’.

It is incredibly common for online marketing newbies to jump from one product to another in this way. Because they get sucked in by the hype, it is all too easy for them to believe that the latest product on the market is the one that they must have, so they buy product after product in a never-ending search for something that really doesn’t exist, and of course they waste a huge amount of money in their fruitless search.

And equally obviously, whilst they are jumping from product to product, they are not focusing their efforts and attention on just one business plan or strategy, which further compounds the tragedy.

So, having painted a fairly dispiriting picture of what you shouldn’t be doing, now let me give you an idea of what you should do.

The first thing is to do some research so that you can make an informed decision about the kind of online business that you are going to run with. Whether this is making money from eBay, affiliate marketing, creating niche targeted blogs that you monetize with AdSense or whatever, you have to pick one business model and stick with it.

What you are looking for is step-by-step money making systems guide to doing one thing well, because if you can find a business strategy that is proven to work and stick with it, you will make money.

Once you have a strategy that you are going to use, you are almost ready to start creating your business plan, but not quite because there is still one crucial factor that you have to sort out before pushing ahead. I’ll be writing more on this factor in my next post so stay tuned! :)

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Why Online Marketing Is A Critical Concept

on 27-12-2009

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Most marketers decide that they need extra money and that the Internet with money making systems  is as good a place as any to generate the additional income that they need. Besides, it should be easy to do since practically everyone has had success with this right?

So far, so good and nothing wrong with this at all.

But just having a vague notion that earning some extra money from the net might be nice idea is not the basis for starting a business with money making systems. And, whether you have realized it or not, if you’re going to market anything online in an effort to generate additional income, then what you are doing is running a business that has money making systems, nothing more and nothing less.

Now, understanding that marketing online is a real business may not seem very important but it is in fact a critical notion to take on board. If you don’t accept and understand this and approach your online marketing activities as a hobby or interest, you have immediately made it infinitely harder to achieve success.

According to Dictionary.com, a hobby can be defined as ‘an activity or interest pursued for pleasure or relaxation and not as a main occupation’ (my emphasis). You can maybe see the problem as suggested by this definition?

Attempting to make money online is a serious business and should be treated as such. It is not a hobby or pastime, because if you treat it as a hobby, then what you want get in return for your efforts is a hobby level income.

Even if you are running your online marketing business on a part-time basis, it makes no difference. It is a business with it’s own money making systems and thus has to be treated as such from the very beginning.

It is absolutely critical that you understand and follow this seemingly simple guideline because if you do so, you will set yourself apart from the majority of would-be online marketing millionaires who simply don’t get it.

If however you treat your online marketing activities as a hobby or pastime, then the chances of achieving success are almost zero for lots of different reasons.

Think of it this way.

If you were setting up a business in your local shopping mall or High Street, you wouldn’t treat that as a hobby or interest, nor would you go into it with nothing more than some vague idea about ‘making money’. After all, setting up a business of this type is going to cost you many thousands of dollars, so of course you would take the whole thing very, very seriously.

Okay, so when you set up an online marketing business with your very own money making systems, you do not need to spend thousands of dollars on getting started. Nevertheless, that doesn’t change the fact that it is still a genuine business in exactly the same way that it would be if you open a store in the mall.

Once you accept that what you’re doing when you start generating an online income is running a business, then an awful lot of other factors should fall into place pretty much straight away.

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Free Publicity For Your Site With Newspapers

on 25-12-2009

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moneymakingsystems-newspaperpublicityOne of the most easiest and free way for an Internet Marketer to promote their business as part of their money making systems is through newspapers and magazines. If you’re also involved in this industry, one would already have noticed that some entrepreneurs and even pro bloggers have had success promoting their online business through the local newspapers and even magazines.

Most newspapers have a variety of different ways that you can advertise and promote your business either for a fee or for free.  Some of the ways that you can use your local newspaper to promote your online business as part of your money making systems component are the following:

  • Classified Ads
  • Sales Positions
  • Events
  • Goodwill missions

The most logical place to start to advertise is in the classified section of your newspaper.  You probably have different newspapers that are delivered to your door as well as subscription newspapers in your area.  The best newspapers in which to advertise are those that are free. These are often called shoppers and consist mostly of classified ads.  People still read the newspapers and still look for these classified ads.  Not all businesses in the area advertise online.

One thing that you need to know when you place a classified ad is that the more often people see the ad, the more they will come to know your business.  You should not expect to get a barrage of calls or visits to your website based upon one ad.  For this reason, you should sign up to place the ad on a regular basis.  The more people see it, the more familiar they become with your business and the more they trust it.

You can also place classified ads for help wanted if you are looking for prospects for an MLM business.  You can expect to receive more calls for these type of ads than you can if you are simply selling something.  Many online businesses will use the ads as a way to get people to come to a seminar or meeting so that they can learn more about the business.  This can be an inexpensive way to get people to attend your promotion about your business without going through the expense of  seminar.  It can also give you one on one time with a prospect.

You can also place events ads in the paper or press releases.  These are usually free.  Press releases must be written in a way so that they look like news.  They should be timely and inform the public of something that is coming up, or a new product or service that is available in the area.  The best part about placing press releases in your local paper is that they are free.  You must be sure to word them carefully so that you can make sure they get into the paper.  The papers will usually reject anything that smacks of a sales pitch.  For this reason, you may want to hire a professional copy writer to write your press releases for you so that they can get into your local paper.

In addition to classified ads, job ads and press releases, you can also do a good will act for someone in the area and have it written up in the paper.  Many local papers are always looking for human interest stories.  If you do an act of goodwill in the name of your business, you can notify your local paper that you are doing this charity work and ask that they cover the event.  You can get a great deal of publicity for your business in this way and also build up goodwill in your community on behalf of your business.

To get the best results out of this money making systems, I’d suggest that you should look for local papers that have a wide circulation and are usually mailed out to residents free of charge.  Most people enjoy getting these papers and will read them simply because they are free.  You can get quite a bit of mileage when you take a look at your local newspaper and see what they can do for you by way of helping you with your business.

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How To Be Successful with Your Clickbank Affiliate Business

on 21-12-2009

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moneymakingsystems-clickbankaffiliateIn order to be successful as an affiliate marketer with your Clickbank products, you need to know how to promote your product using the correct money making systems. You should have spent some time researching the products that were available so that you have a valuable and highly useful product to sell. You should have selected a product that offers a good level of commission, so that you can be sure that there is a profit to be made here. With that in mind, consider the following methods for promoting your Clickbank product.

Promotional Success Using Practical Money Making Systems

The following steps can help you to promote your Clickbank product, without wasting your time.

  1. Set up a blog. A blog is the best option for most businesses because it allows your business to grow and prosper online. It also allows you to add constant content to your website, which will help you to rank well in search engines.
  2. Do some keyword research. You need to know what words people are typing into search engines to find your website or websites like your own. There are free services that make this process.
  3. Use keywords in your domain name, tags, headlines, and in the content on your website. This information will help you to improve your overall results since it is what search engines are looking for to rank websites properly.
  4. Invest in article marketing. Write articles about your product or service and post them on article directories. You can then use this information to funnel more business from those directories to your website. This way, you have highly targeted leads coming into your business.
  5. Do invest in social marketing methods. Social marketing allows you to talk to others about your product and business and therefore to get them interested. You can use any number of the social marketing websites, like Twitter, Facebook, Digg and MySpace to help you with this process. Research shows those who respond to ads through social media are more likely to buy.

When you pull all of this together, the process of creating a great website is easy enough to do. Keep in mind the importance of providing informative information and following any limitations that Clickbank may place on you. You want to ensure that you are not doing anything that is spam. Once you work your business through these money making systems, you will start to see profits rolling in from Clickbank.

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“Talking” Without a Plan

on 14-12-2009

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moneymakingsystems-talkingThe weird thing about “social media gurus” out there in the wild wild west of internet money making systems are we always get too many conflicting opinions. One of them is to go start and engage in conversations. Now, there’s nothing wrong with that except for the fact that it’s a total waste of time if you do it without a purpose or a goal.

Try not to have hidden agendas in your conversations. Like me for example, the goal of my conversation is to help people identify new money making systems that make money.

Unless your goal is customer service, then I don’t see the point in running around making noises without a plan and a goal. Talking to existing customers to create a deeper relationship and increase repeat business is a good idea. But wouldn’t adding to your plan some kind of incentive/offer for the repeat business increase your chances of getting the conversion?

That in mind, here are the four step money making systems to focus on.

Generally each step in your “conversation” needs an incentive.

1. Why should they pay attention?
2. Why should they friend you?
3. Why should they respond?
4. Why should they buy?

Think about it. Plan it. Then do it.

Did you find this helpful to you?

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