Author Archives: iLearn IM

eBooks – Easily Profitable Internet Product

The easiest way to make money online is by selling a product that can be delivered electronically. There are no shipping or fulfillment costs eating away at your revenue.

Electronic products are easy to produce and it is not necessary to get anything published. Another great reason for selling products electronically is that delivery is instant and free. Selling products online is completely automated and hands-free. So what type of products can you sell electronically?

Selling software online is excellent because new software is always necessary. Top marketer Armand Morin can vouch for this – he’s made $60 million online, a lot of which with his Generator Software products.

Programmers at local colleges come cheap, if you have the funds, as do freelancers from sites such as Rent A Coder. If you do not have extra funds to pay upfront then cut them a profit for the first two years. You will still earn more than your expenses.

Writing eBooks is extremely easy. People are constantly looking for information. Finding a nicely packaged info packed eBook is so much easier than doing all the research yourself. These eBooks sell like hot potatoes and you do not have to worry about printing costs or editors.

Starting a newsletter on a highly popular topic will bring in a lot of people quickly. You can have these people submit articles themselves too, which will add to your website content. You just need to make sure the information they send is reputable. Later, you can offer paid subscriptions, advertising, and product promotions on your website which will drive traffic and cash.

Members-only web sites offer the customer a service each month or week or day and charge them a fee. As long as you are serving your customers with intensity, you will keep them happy for a very long time. This is very labor intensive but the results are well worth it.

So, as you can see, you could offer a service on your website, such as dog walking or wedding planner, but that would mean that you would need a lot of TIME, resources, employees, expenses, etc. Selling an electronic product online is easier for someone just starting out as an entrepreneur.

The key is to cut the link between exchanging your time for money – we’re looking to create a ‘do the work once and get paid time and time again’ product. This is ‘Learn Internet Marketing’ 101.

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Internet Marketing Introduction

Today, most people access the internet for information, products and services. All entrepreneurs have turned their attention to the World Wide Web because it reaches so many people so quickly.

Sales are increased dramatically and expenses are not necessarily smaller, but different. If a company had a small shop in a rural town, they would have employees and other expenses. If this same company had an online business, they would probably not have as many employees on the clock. They may have the same amount of expenses but they would be different. There would be advertising costs, web design costs, search engine optimization costs, affiliate or joint venture costs, among others.

Nevertheless, selling products or services online has become very popular for many new entrepreneurs ranging in all ages, even as young as 15. If you run a small business online where you sell an information product, such as an eBook, you can write the eBook yourself as a guru on the topic.

For example, let’s say you studied religion in college and got a PhD in this subject. You write up an eBook explaining a controversial point of view concerning scriptures. You would need to make sure it is information-packed and very good quality. You could sell it for $17 (studies have shown that prices ending in a ‘7’ sell better) to whoever is interested and you’d get their email address so you can forward them new updated info.

You now have an email list so you can keep in contact with your buyers and possibly sell them other products in the future. If you keep track of all your sales and take care of customer service, and you handle everything then guess what? You keep 100% of the profits. This is one of the beauties of an online business – it CAN be very cheap to run.

Obviously, some companies are MUCH more complicated than that. But you get the picture; online marketing is a piece of cake. All you need is an idea and an internet marketing business plan of action. In other words, you do not need millions to start up a company on the internet. All you need is a great idea and the drive to do most of the work yourself to start with.

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Finding your Niche

When you are considering starting an online company, you want to make sure you find the right product.  What do you want to sell?  What is your passion?  What subject or topic do you have a lot of knowledge about? How can you deliver great value to potential customers? 

Let me start by telling you that selling an information product online is easier than selling a service.  But, selling a service online makes more money with monthly memberships. 

Before you spend all your time working on a website and writing up eBooks, you want to be sure that your customers are going to be interested in what you are selling.  Do your market research.  Start by seeing how many competitors you have – this is a good sign.  Read through newsgroups, discussion boards, and chat rooms and learn about your target market customer base.  If you already have an email list, send them a survey to see what they are most interested in.

Most internet marketers preach that there are three reasons why a customer will want to buy your product.  Your product has solved a problem for your customer.  Your product has made life easier or more comfortable for your customer.  You are very passionate about your product and it shows in everything you do.

When researching your niche, you may want to use Amazon and find the current top sellers.  Find out what people are reading about.  You will want to research keywords with keyword tools such as www.wordtracker.com and the excellent free Google Keyword Tool.  You need to discover which keywords are being searched for frequently. 

Doing a little poking around your competitors sites isn’t a bad idea.  This is one way to come up with ideas on what would make your company different or better.  Take a look at their traffic rankings and their related links.  By analyzing this information, you can see how many visitors they have each day and how profitable their company is.

Once you find your passion and niche, ask yourself does this serve my customers?  You want to provide an excellent service to each and every person that spends their money with you.  This cuts down on complaints, bad reputations, and, worse of all, chargeback’s.

Deliver excellent service and value to your customers and they’ll want to do repeat business with you.

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Web Design & Hosting

When building your own website there are a few things to consider.  If you know nothing about web design, you will need to pay someone to design it exactly the way you want.  Make sure you use a reputable source so you are not wasting your money. 

Elance.com is a great place to find outsourcers with all types of expertise who will charge one-off fee for producing a site for you, for example.

Be very picky about choosing your domain name.  Make sure it is short, sweet and memorable and if possible, include one of the main keywords for your niche market in it.   One popular site you can visit to check what domains are available is www.whois.sc  This is also a good site to see who owns a particular domain you are interested.  If the owner is not using the domain, you can offer to purchase it from them. 

Probably one of the most important factors in an internet company is choosing a very good web host.  If your web site goes down, you are completely out of business.  When searching for a web host company make sure they have secure server capabilities, fast servers, lots of space, unrestricted CGI access, SSH and FTP access, web-based administration, access to raw server logs, full email services, power and daily server backups, and no minimum contracts.

You may want to test their technical support and see if they offer services, scripts, and software.  Inquire about their downtime and how long they have been in business.  Make sure you are not being charged for the extra services. I recommend Bluehost, or another company with ‘cPanel’ access.

When a customer visits your website, you want them to see professionalism, knowledge and fast connections.  If your visitors notice advertisements from your free or low cost web host server they will perceive your site to be unprofessional and very small time. 

Slow connection speeds will definitely lose customers and cost you much money.  So, choose your web host server carefully and you will be well on your way to creating a website that will attract all types of visitors.

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Secrets of The Million Dollar Sales Letter -Part 3

Another thing that’s been bandied about and discussed from every direction for years is whether to use a post office box number or your street address. Some people don’t like Post Office Boxes in a business address – because it transmits an aura of instability or temporary location.

If your business is run from home, get a mail box from a post box vendor that has a street address. Then your address looks like, 1234 Willow Lane, #567, Your Town, and the box number could appear to the reader as a Suite number. However, if you live in a remote area where your address is 7890 Main St., RFD 42, Box 123, Your Town, then you have no choice but to include both your post office box number AND your street address on your sales letter.

When doing it strictly for your website, put your street address, telephone number, and email address at the bottom of the page. More than likely, the customer will contact you by email, but it conveys dependability if that Internet buyer sees that you’re willing to give your address. This kind of open display of your honesty will give you credibility and dispel the thought of you being just another “fly-by-night” mail order company in the mind of your prospect.

Above all else, you’ve got to include some sort of ordering page or coupon if you’re mailing. The coupon has to be as simple and as easy for the prospect to fill out and return to you as you can possible make it. The order page on your website should already be filled out, with perhaps just the shipping left to choice.

If your product is an eBook or software to be instantly downloaded, then you don’t have any options to be chosen. A great many sales are lost because this order coupon is just too complicated for the would-be buyer to follow. Don’t get fancy! Keep it simple, and you’ll find your prospects responding with glee.

Should you or shouldn’t you include in your mailing a self-addressed reply envelope? There are a lot of variables, as well as, pros and cons to this question. Overall, when you send out a “winning” sales letter to a good mailing list, a return reply envelope will increase your response tremendously.

Tests of late seem to indicate that it isn’t that big a deal or difference in responses relative to whether you do or don’t pre-stamp the return reply envelope. Again, the decision here will rest primarily on the product you’re selling and the mailing list you’re using. Our recommendation is that you experiment – try it both ways – with subsequent mailings and decide for yourself from there.

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Secrets of The Million Dollar Sales Letter -Part 2

There’s been a great deal of discussion in the past few years regarding just how long a sales letter should be.  A lot of people are asking:  Will people really take the time to read a long sales letter?  The answer is a simple and time-tested yes indeed! 

Surveys and tests over the years emphatically prove that “longer sales letters” pull even better than the shorter ones, so don’t worry about the length of your sales letter – just make sure that it sells your product for you!

The “inside secret” is to make your sales letter so interesting, and “visionary” with the benefits you’re offering to the reader, that he can’t resist reading it all the way through.  You break up the “work” of reading by using short, punchy sentences, underlining important points you’re trying to make, with the use of subheadlines, indentations and even the use of a second color, and leaving lots of white space around it. 

On your website, the sales letter should run down the middle of the page so the viewer doesn’t have to keep adjusting the screen to see the whole sentence. This is very distracting and more apt to send that client to another website than losing patience reading a long letter.

Relative to the brochures and circulars you may want to include in your mailing with your sales letter – providing the materials you’re enclosing are of the best quality, they will generally reinforce the sale for you.  But, if they are of poor quality, look cheap and don’t compliment your sales letter, then you shouldn’t be using them.  Another thing, it will definitely classify you as an independent home worker if you hand-stamp your name/address on these brochures or advertising circulars instead of having them printed.

Whenever possible, and so long as you have really good brochures to send out, have your printer run them through his press and print your name/address – even your telephone number and company logo – on them before you send them out.  The thing is, you want your prospect to think of you as his supplier – the company – and not as just another independent entrepreneur.  Sure, you can get by with less expense but you’ll end up with fewer orders and in the end, less profits.

Continued in Part 3…

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Secrets of The Million Dollar Sales Letter -Part 1

Regardless of what you’re trying to sell, you really can’t sell it without “talking” with your prospective buyer.  An in attempting to sell anything on the Internet, the sales letter you send out is when and how you talk to your prospect. This process is called sales ‘copywriting’.

All winning sales letters “talk” to the prospect by creating an image in the mind of the reader.  They set “the scene” by appealing to a desire or need; and then they flow smoothly into the “visionary” part of the sales pitch by describing in detail how “wonderful” life will be and, how “good” the prospect is going to feel after he’s purchased your product.  This is the “body or guts” of a sales letter.

 Overall, a winning sales letter follows a time-tested and proven formula:  1)  Get their attention  2)  Get them interested in what you can do for them  3)  Make them desire the benefits of your product so badly their mouth begins to water (!)  4)  Demand action from him – tell him to click the right button or send for whatever it is you’re selling without delay – any procrastination on their part might cause them to lose out.  This is called the “AIDA” formula (Attention, Interest, Desire and

Action) -  it works.

On your website, your sales page should be the length of what it would be if were doing a mailing, or longer if you’re using bullets to emphasize benefits to build the desire.  Of course on the Internet you don’t have to worry about letterhead stationery or the cost of postage, which is a considerable savings.  If, however, you want to also do a mailing campaign then the following would apply: 

The sales letters in mailings that pull in the most sales are almost always two pages with 1 1/2 spaces between lines.  For really big ticket items, they’ll run at least four pages. – on an 11 by 17 sheet of paper folded in half.  If your sales letter is only two pages in length, there’s nothing wrong with running it on the front and back of one sheet of 8 1/2 by 11 paper.  However, your sales letter should always be on letterhead paper – your letterhead printed, and including your logo and business motto if you have one.

Regardless of the length of your sales letter, it should do one thing, and that’s sell, and sell hard!  If you intend to close the sale, you’ve got to do it with your sales letter.  You should never be “wishy-washy” with your sales letter. You do the actual selling and the closing of that sale with your sales letter – any brochure or circular you send along with in your mailing will just reinforce what you say in the sales letter.

Continued in Part 2…

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An Online Newsletter

When you start an online newsletter you have the opportunity to collect opt-in email addresses to build your subscription base and establish creditability with your subscribers so that they may want to purchase products from you, a trusting source. 

The best part about an online newsletter is that it is free to start up.  With an online newsletter you can offer your subscribers juicy daily or weekly information and they will love it.  It will slowly build up their curiosity and they may purchase a monthly membership or products from you because they love receiving the information you supply. 

Now, if you send them junk, the complete opposite will occur, so having an online newsletter takes work, but you can always pay someone to do it for you.  So, with all this work put into it should you consider charging for subscription?  That depends on what you want to accomplish.  Do you want to attract visitors and entice them to your main product.  Or are you only offering an online newsletter with no products.  How often do you send out autoresponders and how in depth and valuable is your newsletter?  Is this information easily found free somewhere else on the Internet?

 Free newsletters are much easier because you can get a lot of people opt-in and you can sell them a subscription in the future.  Everyone loves free stuff.  Occasionally, at the end of the email you may want to offer special subscriber only promotions or notify your subscribers of new products or services.  You could even offer special subscriber only bonuses with a purchase.

 By the way, if you send your subscribers what begins to look like sales letters, they will opt out quicker than you can say wait! Be careful because this is your potential customer base and it should be considered gold dust to you.

Remember, the aim is to build your customer list with an online newsletter.

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