Creating multiple income streams online is like finding the holy grail. Every internet marketer wants to make it happen, and the fact it, it is very possible to accomplish. This post outlines one example of how you could set about to achieve this end.
One of the most popular ways to generate multiple income streams online is by becoming an affiliate marketer. As an affiliate marketer, you are basically the marketing and selling arm for the products or services of another company. In this respect, you can align yourself with any number of entities, ranging from a web hosting provider, an email autoresponder service or a travel company looking to market its memberships.
Ok, let's say first off that you decide to join a network marketing company, selling their high ticket opportunity “XYZ.” Every time you recruit someone into this company, you receive a commission - your first income stream. Let's call this high ticket program your primary opportunity. As you begin marketing for this primary opportunity, you'll create a website/capture page that will allow you to collect the contact information of your prospects. By giving you their contact information, these prospects are essentially opting in to you “list.” It will be through the growing of this “list” of prospects that you will generate your other streams of income.
Once you start building this list, you can market smaller ticket items to them before they join your big ticket program. To clarify, let's assume that most of your prospects who opt-in to your list are not going to purchase from you right away. They'll need at least 4-5 business exposures before they decide to join your primary opportunity. This is completely normal. During this faze, most marketers only feed their prospects information regarding their primary opportunity and nothing else. But it doesn't have to be this way. Rather, you can market smaller ticket items to these prospects – items that might act as precursors to your high ticket opportunity. For example, if your primary opportunity is a $1500 online travel business opportunity, maybe your small ticket opportunity can consist of a $200 internet marketing boot camp, for which you are an affiliate, which similarly will pay you a commission every time someone from your list joins. This can act as your 2nd stream of income.
Then, once your prospect finally joins your primary opportunity, you can back end market a product that he or she would need anyway, like an email autoresponder. If you are an affiliate with an autoresponder service like Aweber, you can have your new team members sign up for the same service. That way, not only will they get a useful tool for their business, but you will profit from it as well. Once you have multiple income streams online, then you can teach your teammates how to build the same. Your team will be the healthier for it.
If further down the road, you want to augment your business with even more income streams, then I would suggest you look to other avenues like monetizing your blog, or product affiliate opportunities like those found on sites like Clickbank. Obviously, we could speak volumes about these options as well, but are probably best saved for another article posting. Remember, attaining multiples income streams online is very possible. Although it will require a lot of preparation and consistent effort to set up, it will be well worth your time. Good luck!
-Dan
www.p1dwealthsecrets.com
Showing posts with label internet travel business. Show all posts
Showing posts with label internet travel business. Show all posts
Wednesday, January 21, 2009
Monday, January 12, 2009
Online Success - The 5 Essentials
In my opinion, no matter what online business you decide to join, there are 5 essential building blocks that you must have/utilize in order to achieve success.
Here they are (in no particular order):
1) Tenacity - The ability to say, "I am going to succeed as an internet marketer no matter what, and I am never going to give up." Tenacity is the sheer will that drives you through the hard times even when everyone else says you will fail. All of the successful people in the world have it in common - they never quit! If they had quit along the way, the would not be the successes they are today. Think about it. The only way you cannot lose is to never quit. Tenacity gets you up early in the morning and keeps you up late at night.
2) Consistency - Consistency is king in internet marketing. If you miss a week, you can lose out. A little activity every day will carry you a long way. No matter what your goals are online, consistency will take you there. You must constantly be sowing in the Spring if you expect to have a harvest in the Fall.
3) Confidence - As I have said in previous articles, insecurity will kill your online business. Show confidence in everything you do, whether it be during a webinar with your new prospects, while mentoring your downline or whatever. Remember, people are looking to join with a leader. People don't buy businesses, they buy people. So it is really YOU that you are selling. That said, don't sell yourself short. Be confident and explode your enterprise!
4) Automation - The highest goal in online business is to achieve the greatest amount of success with the least amount of effort. That is where the internet comes in. Use it to automate, automate, automate!! Your goal should be to automate more and more of your daily activities with each passing week. Determine what you can and can't automate and then get after it. Some of the biggies here are:
1) Make sure you have an email auto responder that works for you 24/7 - following up with your prospects for you.
2) Set up a capture page that collects the contact information of your prospects and actively builds your list.
5) Leverage - This one goes along with automation and it is equally as important. The internet gives us the power to do both. Use leverage to spread your content across the Web as quickly and efficiently as possible. When you create a piece of content, don't just submit it once. Instead, submit it many times over - as an article, video, press release and as a blog, and blast it to a myriad of sites. This is leverage! Remember to also:
1) Leverage the work of your downline to make you richer. Do this by training your downline to succeed. This requires a lot of your time but it is well worth it.
2) Leverage the power of outsourcing. Outsource the menial tasks that don't make sense for you to occupy yourself with. This way it's twofold - you leverage the work of others by outsourcing, and you leverage your own time by focusing only on the most important activities like producing great content and training your team.
So that's it. These are the 5 things that have helped me the most. Tenacity, consistency, confidence, automation and leverage.
Take Care,
Dan
Platinum One Destinations
Here they are (in no particular order):
1) Tenacity - The ability to say, "I am going to succeed as an internet marketer no matter what, and I am never going to give up." Tenacity is the sheer will that drives you through the hard times even when everyone else says you will fail. All of the successful people in the world have it in common - they never quit! If they had quit along the way, the would not be the successes they are today. Think about it. The only way you cannot lose is to never quit. Tenacity gets you up early in the morning and keeps you up late at night.
2) Consistency - Consistency is king in internet marketing. If you miss a week, you can lose out. A little activity every day will carry you a long way. No matter what your goals are online, consistency will take you there. You must constantly be sowing in the Spring if you expect to have a harvest in the Fall.
3) Confidence - As I have said in previous articles, insecurity will kill your online business. Show confidence in everything you do, whether it be during a webinar with your new prospects, while mentoring your downline or whatever. Remember, people are looking to join with a leader. People don't buy businesses, they buy people. So it is really YOU that you are selling. That said, don't sell yourself short. Be confident and explode your enterprise!
4) Automation - The highest goal in online business is to achieve the greatest amount of success with the least amount of effort. That is where the internet comes in. Use it to automate, automate, automate!! Your goal should be to automate more and more of your daily activities with each passing week. Determine what you can and can't automate and then get after it. Some of the biggies here are:
1) Make sure you have an email auto responder that works for you 24/7 - following up with your prospects for you.
2) Set up a capture page that collects the contact information of your prospects and actively builds your list.
5) Leverage - This one goes along with automation and it is equally as important. The internet gives us the power to do both. Use leverage to spread your content across the Web as quickly and efficiently as possible. When you create a piece of content, don't just submit it once. Instead, submit it many times over - as an article, video, press release and as a blog, and blast it to a myriad of sites. This is leverage! Remember to also:
1) Leverage the work of your downline to make you richer. Do this by training your downline to succeed. This requires a lot of your time but it is well worth it.
2) Leverage the power of outsourcing. Outsource the menial tasks that don't make sense for you to occupy yourself with. This way it's twofold - you leverage the work of others by outsourcing, and you leverage your own time by focusing only on the most important activities like producing great content and training your team.
So that's it. These are the 5 things that have helped me the most. Tenacity, consistency, confidence, automation and leverage.
Take Care,
Dan
Platinum One Destinations
Sunday, January 11, 2009
How Insecurity Will Bring Down Your Online Business
As an internet marketer there are a lot of mistakes that you can make and get away with. This is a good thing because we all make mistakes and none of us are perfect. But there is one mistake that you simply cannot make if you want to be a successful internet marketer. If you do, it will destroy your bottom line and sink your business. That great mistake is simply this: you cannot be ruled by insecurity. By this I mean, you can never be insecure - most especially when you're promoting your business online, or when you are interacting with your downline.
Most of us have been insecure at one time or another, but those who achieve success don't let insecurity rule them. Instead they fight through it until they gain confidence in what they're doing. Insecurity causes many problems for internet marketers. For example, if you're insecure:
1) You'll be less likely to put yourself in front of a camera and make videos or write articles
2) You'll never instill confidence in your downline and
3) You probably won't be an active prospector, resulting in lost opportunity and lost revenue.
The best way to combat insecurity is to have something good to say and to consistently put out useful content. You'll notice I say "consistently" because that is key. If you are not active then you are not really in the game. We all know that consistent action rules the day in internet marketing. Make sure you don't lose sight of this. Once you commit to consistent action and people begin to benefit from your content, more prospects will seek you out as a mentor. And when your downline begins to grow, you'll gain more confidence as a recruiter, mentor and team builder.
If you are new to the business, then the key for you is to not let your lack of experience lead to insecurity. I admit this can be difficult to do. My advice is to hit the ground running. Once you have something useful to say, do it and do it confidently. And remember, once you start building your own downline, you have to be aware that your teammates will face their own insecurities. Show them how to overcome their nervousness, and convey to them that their success depends on it. Beware that many new internet marketers want to hide the fact that their insecurity is causing their inactivity, so instead they point to procrastination as being their downfall. .
To Summarize
1) Don't let insecurity stop you from consistently putting out good content online.
2) By having something good to say, you will be more comfortable sharing it, and in turn you will gain confidence as a result.
3) People buy leaders, they don't buy businesses. If you're insecure, no one will want to join you. Be confident!
To Your Success,
Dan
Platinum One Destinations
Most of us have been insecure at one time or another, but those who achieve success don't let insecurity rule them. Instead they fight through it until they gain confidence in what they're doing. Insecurity causes many problems for internet marketers. For example, if you're insecure:
1) You'll be less likely to put yourself in front of a camera and make videos or write articles
2) You'll never instill confidence in your downline and
3) You probably won't be an active prospector, resulting in lost opportunity and lost revenue.
The best way to combat insecurity is to have something good to say and to consistently put out useful content. You'll notice I say "consistently" because that is key. If you are not active then you are not really in the game. We all know that consistent action rules the day in internet marketing. Make sure you don't lose sight of this. Once you commit to consistent action and people begin to benefit from your content, more prospects will seek you out as a mentor. And when your downline begins to grow, you'll gain more confidence as a recruiter, mentor and team builder.
If you are new to the business, then the key for you is to not let your lack of experience lead to insecurity. I admit this can be difficult to do. My advice is to hit the ground running. Once you have something useful to say, do it and do it confidently. And remember, once you start building your own downline, you have to be aware that your teammates will face their own insecurities. Show them how to overcome their nervousness, and convey to them that their success depends on it. Beware that many new internet marketers want to hide the fact that their insecurity is causing their inactivity, so instead they point to procrastination as being their downfall. .
To Summarize
1) Don't let insecurity stop you from consistently putting out good content online.
2) By having something good to say, you will be more comfortable sharing it, and in turn you will gain confidence as a result.
3) People buy leaders, they don't buy businesses. If you're insecure, no one will want to join you. Be confident!
To Your Success,
Dan
Platinum One Destinations
Thursday, January 8, 2009
How Not to Be Naïve When Joining an Online Business
Before you decide to join an online business, there are several fallacies (or at best exaggerations) that you need to be aware of. Just like anything, the key to not being mislead is to be informed. That said, I wanted to take the time to convey a few misconceptions that many companies articulate when recruiting new prospects. Commonsense should alert you that these statements are too good to be true.
Here are my thoughts on the most common exaggerations I hear by recruiters in the industry. Beware!
1. "Our turnkey system does 90-100% of the marketing and selling for you!"
Actually, there are no turnkey systems that do all the marketing and selling for you - only ones that help with the explaining and the information gathering process. Please don't be gullible here. Most affiliate marketers have replicated websites that certainly do have a helpful place, but they do not and will not replace your human effort.
2. "Being an internet marketer is easy."
Not true. No business endeavor is easy. However, in theory internet marketing is not that complicated, but it does require great consistency and effort - especially during the heavy learning curve period of the first few months. Fortunately, the financial rewards in this industry can be huge. The great advantage of internet marketing is that massive amounts of automation and leverage can be used to your advantage every day. Compared to starting a typical brick and mortar business, most online businesses have very inexpensive entry price points and are far less risky.
3. "There is no selling involved."
Umm...I don't think so. Most internet marketers are essentially affiliate marketers who market the products or service of a larger company. So yes, there is selling. I for example market Platinum One Destinations travel memberships. What I will say though is that online marketing can be done in a non-aggressive way which doesn't require upfront selling - instead relying on telling your own story and using personal branding to showcase yourself as a leader. If you provide useful information about online business upfront, you can then let prospects discover your opportunity on their own. This way, your prospects can approach you instead of you having to chase them. This is very different from the old school marketing methodology, where upfront direct sales pitches were the norm.
4. "To succeed in online business, you need to actively buy leads and spend your days calling them."
False. In the past however, this was the case for most network marketers, who generated their prospects by calling generic, paid for leads. These leads were often not targeted, and thus, required lots of human effort to warm them up. Luckily, today we have the opportunity to market our businesses online and let prospects come to us. Personally, I don't pay for leads and I don't cold call. I use what's called "my story marketing" and I do my marketing online.
In essence, "my story marketing" is just leading with your own story instead of directly pitching your opportunity. By leading with your story and by branding yourself as a leader online, people can essentially "get to know you" before they are presented with your opportunity. This is good because in reality, people don't buy businesses, they buy people. So, the next time someone joins your business, remember they're not really buying an opportunity, they're buying you...as a leader. So make sure when you start marketing online that you tell your story well and really convey to your prospects how you can help them succeed.
5. "Anyone can succeed in internet business."
Actually, 97% of the people who start in online business never make any money. So really, most people can't succeed. The big key lies in aligning yourself with a mentor who knows how to market online - and who can teach you to leverage your time and resources effectively. Obviously, you need dedication, consistency and patience to achieve success, just like with any other business. But if you don't have a knowledgeable mentor, then you most likely won't be able to become a top earner in the industry.
To Your Success,
Dan
Platinum One Destinations
Here are my thoughts on the most common exaggerations I hear by recruiters in the industry. Beware!
1. "Our turnkey system does 90-100% of the marketing and selling for you!"
Actually, there are no turnkey systems that do all the marketing and selling for you - only ones that help with the explaining and the information gathering process. Please don't be gullible here. Most affiliate marketers have replicated websites that certainly do have a helpful place, but they do not and will not replace your human effort.
2. "Being an internet marketer is easy."
Not true. No business endeavor is easy. However, in theory internet marketing is not that complicated, but it does require great consistency and effort - especially during the heavy learning curve period of the first few months. Fortunately, the financial rewards in this industry can be huge. The great advantage of internet marketing is that massive amounts of automation and leverage can be used to your advantage every day. Compared to starting a typical brick and mortar business, most online businesses have very inexpensive entry price points and are far less risky.
3. "There is no selling involved."
Umm...I don't think so. Most internet marketers are essentially affiliate marketers who market the products or service of a larger company. So yes, there is selling. I for example market Platinum One Destinations travel memberships. What I will say though is that online marketing can be done in a non-aggressive way which doesn't require upfront selling - instead relying on telling your own story and using personal branding to showcase yourself as a leader. If you provide useful information about online business upfront, you can then let prospects discover your opportunity on their own. This way, your prospects can approach you instead of you having to chase them. This is very different from the old school marketing methodology, where upfront direct sales pitches were the norm.
4. "To succeed in online business, you need to actively buy leads and spend your days calling them."
False. In the past however, this was the case for most network marketers, who generated their prospects by calling generic, paid for leads. These leads were often not targeted, and thus, required lots of human effort to warm them up. Luckily, today we have the opportunity to market our businesses online and let prospects come to us. Personally, I don't pay for leads and I don't cold call. I use what's called "my story marketing" and I do my marketing online.
In essence, "my story marketing" is just leading with your own story instead of directly pitching your opportunity. By leading with your story and by branding yourself as a leader online, people can essentially "get to know you" before they are presented with your opportunity. This is good because in reality, people don't buy businesses, they buy people. So, the next time someone joins your business, remember they're not really buying an opportunity, they're buying you...as a leader. So make sure when you start marketing online that you tell your story well and really convey to your prospects how you can help them succeed.
5. "Anyone can succeed in internet business."
Actually, 97% of the people who start in online business never make any money. So really, most people can't succeed. The big key lies in aligning yourself with a mentor who knows how to market online - and who can teach you to leverage your time and resources effectively. Obviously, you need dedication, consistency and patience to achieve success, just like with any other business. But if you don't have a knowledgeable mentor, then you most likely won't be able to become a top earner in the industry.
To Your Success,
Dan
Platinum One Destinations
How to Leverage Your Efforts For Online Business Success
One of the big differences between people who succeed in business and those who don't lies in how they use leverage. From Donald Trump and other billionaires all the way down, learning how to effectively leverage your time and money is how you grow your business. Period.
In big business, companies use leverage by borrowing money from banks and investors to fund their expansion. They also leverage time by outsourcing operations externally that normally would have taken the efforts of their direct staff.
We, as online business owners and internet marketers, can use leverage to grow and expand our businesses as well. In this article, I want to show you a few ways to do this.
Suggestions
1. When you create content to submit online - think with the end in mind!! Make sure that what you want to say can be easily converted across the variety of Web 2.0 mediums out there. (For example: all content you produce should be submitted as a video, as an article, as a press release, as a blog post and as a podcast.) To make sure this is possible, it helps if you map out your content before you submit it anywhere. You should ask yourself, "Can I turn this piece of information into all of the above mediums in order to maximize my online presence?" If the answer is yes, then you are leveraging your time properly.
The content I'm producing here is a good example. Instead of just submitting this article to Ezine, I've submitted it to 20 other article sites, 10 video sites, 3 blog sites, 5 press release sites and 2 podcasts. Effectively, I'm creating 40 backlinks with just one piece of content, directly increasing the search engine ranking for my primary business opportunity website and generating lots of free leads and traffic in the process! If I were to submit four pieces of content, that would be a total of 160 backlinks!! This is powerful stuff! I'm absolutely certain that if you do this, you will see a big difference in your business.
2. Another great way to leverage is to outsource whenever it makes sense. I say "whenever it makes sense" because often certain tasks are best done by you. However, submitting your content to video, article, press release, podcast and blog sites admittedly takes a lot of time. Thus, I suggest outsourcing it if you can. There are plenty of companies that offer virtual assistants from around the globe whose services you can rent for a very reasonable hourly rate. It makes sense to outsource the job of submitting your content across the Web. This inevitably frees up more of your time to create valuable content for your prospects.
Obviously, if you're just starting out, you may not have the financial resources to outsource, but I think leveraging your valuable time by outsourcing is a great goal to strive for. I truly hope these suggestions help your bottom line in 2009.
Best,
Dan
Platinum One Destinations
In big business, companies use leverage by borrowing money from banks and investors to fund their expansion. They also leverage time by outsourcing operations externally that normally would have taken the efforts of their direct staff.
We, as online business owners and internet marketers, can use leverage to grow and expand our businesses as well. In this article, I want to show you a few ways to do this.
Suggestions
1. When you create content to submit online - think with the end in mind!! Make sure that what you want to say can be easily converted across the variety of Web 2.0 mediums out there. (For example: all content you produce should be submitted as a video, as an article, as a press release, as a blog post and as a podcast.) To make sure this is possible, it helps if you map out your content before you submit it anywhere. You should ask yourself, "Can I turn this piece of information into all of the above mediums in order to maximize my online presence?" If the answer is yes, then you are leveraging your time properly.
The content I'm producing here is a good example. Instead of just submitting this article to Ezine, I've submitted it to 20 other article sites, 10 video sites, 3 blog sites, 5 press release sites and 2 podcasts. Effectively, I'm creating 40 backlinks with just one piece of content, directly increasing the search engine ranking for my primary business opportunity website and generating lots of free leads and traffic in the process! If I were to submit four pieces of content, that would be a total of 160 backlinks!! This is powerful stuff! I'm absolutely certain that if you do this, you will see a big difference in your business.
2. Another great way to leverage is to outsource whenever it makes sense. I say "whenever it makes sense" because often certain tasks are best done by you. However, submitting your content to video, article, press release, podcast and blog sites admittedly takes a lot of time. Thus, I suggest outsourcing it if you can. There are plenty of companies that offer virtual assistants from around the globe whose services you can rent for a very reasonable hourly rate. It makes sense to outsource the job of submitting your content across the Web. This inevitably frees up more of your time to create valuable content for your prospects.
Obviously, if you're just starting out, you may not have the financial resources to outsource, but I think leveraging your valuable time by outsourcing is a great goal to strive for. I truly hope these suggestions help your bottom line in 2009.
Best,
Dan
Platinum One Destinations
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