The Ultimate Start-Up Guide for Digital Entrepreneurs
Issue #2582
- WEALTHY: Get 100,000 salesmen to hawk your product (Marc Charles)
- HEALTHY: Keep stress from harming your body with these herbs (James B. LaValle)
- WISE: Peter Drucker on being an entrepreneur
ALSO IN THIS ISSUE:
- 4 ways to reform an under-utilized page of your site (Derek Gehl)
- Nipping procrastination in the bud (Suzanne Richardson)
- It’s Fun to Know… about the silkworm diet
- Add "gravid" to your vocabulary
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"The entrepreneur always searches for change, responds to it, and exploits it as an opportunity."
Peter F. Drucker
The Ultimate Start-up Guide for Digital Entrepreneurs
By Marc Charles
Finding a reliable source of side income is practically a "must do" these days. Of course, you may be daunted by the idea of setting up a business, creating a product line, finding a pool of customers, and marketing your product.
The fact is, you can get by with the bare minimum. (I’ll give you a simple way to come up with blockbuster product ideas in a minute.) And in about 5 minutes, you could have access to an army of salespeople eager to work for you.
I’m talking about selling a digital product on ClickBank. Here’s how to get started.
You can write an e-book or develop another type of digital product (software, tutorials, an e-mail newsletter, or video instruction, for example), post it on ClickBank, and generate residual income for months, years… even a lifetime. (Or as long as ClickBank stays in business!)
In 2001, I developed a digital product that is still generating residual income on ClickBank. I receive a royalty check from ClickBank for this product every month. (And that’s not the only digital marketplace I use.)
With ClickBank, you have access to more than 100,000 affiliates who can sell your product for you. And the best part is IT’S EASY!
If you develop a product that resonates with the market – i.e., people buy it – there’s a good chance ClickBank affiliates will be attracted to it and start selling it to their own subscribers, members, and website visitors.
How do affiliates find your product so they can start selling it? You don’t have to worry about that. ClickBank affiliates are a savvy bunch. The most successful ones are constantly scouring ClickBank for the best and most profitable products.
But that’s not all…
You can "jumpstart" the process by advertising your product in ClickBank, hundreds of other digital marketplaces, or on Google, Yahoo! and MSN (to name a few places).
You see… popular (bestselling) products also "move up in the rankings" on ClickBank.
It should be no surprise that the ClickBank program has one of the lowest attrition rates in the affiliate business. The entrepreneurs who sign up as ClickBank affiliates tend to stick with it. I think the main reason for this is because ClickBank pays their affiliate commissions accurately and on time.
Here’s what a typical ClickBank affiliate payout looks like:
Product – Yahoo Cash 4 Idiots
Sale Price - $77
Affiliate Commission – $40.69 plus 60% commission ($40.20) on back-end product
Another reason the ClickBank affiliate program enjoys such a low attrition rate is because it’s so damn easy to make money with it.
So why not consider developing an e-book or digital product to generate residual income on ClickBank?
The best way to research and/or develop a saleable product is to STEAL IT!
Well… not exactly steal it… but COPY one of the products that’s already being sold successfully on ClickBank. I’m not talking about word for word plagiarism. I’m talking about copying the "Big Idea" of the product and putting your own spin on it.
Search all the ClickBank categories and study the most successful digital products. Order a few of those products, too. This is the best way to save time and start making money, because you won’t have to reinvent the wheel. You can also hang out on the ClickBank blog. You’ll learn about the best strategies and products right from the horses’ mouths (ClickBank staff and Super Affiliates).
As for determining what kind of commission to offer affiliates… again, copy success. What are other publishers and writers offering them to sell similar products? Maybe you could offer more. Or maybe less.
When you work with ClickBank, you’ll be in control of your product and retain a lion’s share of the profits. You can earn residual payments for weeks, months, or years down the road – just by submitting one e-book to the ClickBank Marketplace.
And just imagine what would happen if you submit two e-books – or more!
It’s easy to get started. Simply create an e-book based on your area of expertise. (You may want to do a bit of research first, to discover the types of products people want to buy.) To get a good sense of what’s selling on ClickBank, check out its marketplace – where ClickBank offers all the products it has for sale. You can identify the most popular products by sorting your searches by category. (ClickBank also allows you to sort the results based on other criteria – for instance, the number of affiliates who made money on a particular product in the last 30 days.)
Once you’ve got a digital product to sell, simply visit ClickBank and click "Sell Online." The instructions for getting started are easy to follow.
[Ed. Note: As "King of Business Opportunities" Marc Charles points out, starting a side business doesn't have to be expensive or even time-consuming. If becoming a digital entrepreneur doesn't appeal to you, no problem - Marc seeks out easy-to-start side businesses with high profit potential each week in Profit Center Dispatch.
Sooner than you think, you can have a business that's easy and enjoyable to operate, and can be run from anywhere in the world. If you're looking for the opportunity of a lifetime, jump on this now.]
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Ask Yourself This… Is Your FAQ Page Making You Money?
By Derek Gehl
Think your FAQ is one of those "admin" pages that just sit there on your website, quietly chugging along?
Nope!
Your FAQ page can actively attract traffic to your site, establish your credibility, and make sales for you. Here’s how…
1. Lure traffic to your site with your FAQ page.
Think about it. This is the perfect place to use your keywords. In fact, you can use those keywords in both the questions AND the answers to make the search engines really sit up and take notice.
2. Make visitors trust you so they’ll stick around to buy.
When you give visitors high-quality information, that tells them you’re both helpful and knowledgeable. Include questions and answers that show off your specialized knowledge so they will view you as an expert.
3. Ask your own questions.
Ask the questions you WISH people would ask – and then answer them in the same helpful, informative way you’ve answered all the others.
In your answers, quote legitimate product reviews whenever possible. Show quantifiable results. And, most important, explain the benefits of each feature you talk about.
4. Save time.
A well-written FAQ will save you countless hours answering individual questions.
With so many benefits, isn’t it time you took another look at your FAQ?
[Ed. Note: Get more expert advice about how to set up your website, make it attractive to customers and search engines alike, and start making sales as a member of ETR's Internet Money Club. Get the details here.
Internet marketing expert Derek Gehl has helped thousands of people grow online businesses that generate $100,000 a year, and often much more! Find out if you have the personality to create extraordinary wealth online - for free - right here.]
Use the 24-Hour Rule to Cure Yourself of This Success-Thwarting "Bug"
The most common cause of failure, says Michael Masterson, is procrastination. The thief of dreams.
You’re a procrastinator if you have ever said something like…
"I’m definitely going to lose weight this year. I’ll start exercising on Monday."
Or, "I’m going to reorganize my files just as soon as I catch up on all this paperwork."
Or, "Once our busy season ends, I’m going to start that side business."
If you’ve caught the procrastination "bug," you don’t have to resign yourself to a lifetime of unfinished projects and unfulfilled dreams. Michael has a simple cure: Institute a 24-hour rule for getting started on a goal.
"Whenever I come to the conclusion that I ‘have to’ do something, I give myself 24 hours to take at least the first step toward getting it done," says Michael.
"I write it down on my daily task list. It’s highlighted in yellow. If it isn’t crossed out by the end of the day as ‘done,’ I cancel all appointments for the following day and commit to doing nothing else. I don’t take phone calls. I don’t read e-mail. I don’t allow people to come into my office for emergency visits. I come in early – extra early – and do nothing else but work on it."
The 24-hour rule will put an end to your procrastination. And when that happens, imagine all the accomplishments you’ll chalk up, the goals you’ll achieve, the dreams you’ll finally see become reality.
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Fight Stress, Fight Cancer
Have you ever noticed that you tend to get sick or catch a cold during times of stress? Most people underestimate the significance of that. The reason you get sick is because chronic stress lowers the body’s production of natural killer (NK) cells. These are the immune cells that kill viruses – and they are also one of the body’s primary defenses against cancer cells.
The effects of stress on immune function are well known by psychologists. Just browse through the Journal of Psychosomatic Medicine, for example, and you’ll find plenty of proof that stress not only reduces the number of NK cells that you produce, it can hamper the ones you have. It has other effects on immunity, too – none of them good.
Researchers at the Pittsburgh Cancer Institute studied a group of adult men who performed a high-stress task for 30 minutes. Not only did the men report increased feelings of tension, but their blood pressure and heart rate increased… and the effectiveness of their NK cells markedly decreased!
Some people think they thrive on stress, but they’d better think again.
One of the most effective things you can do for cancer prevention is to implement a stress management plan. Of course, it’s not really possible to eliminate everything that causes stress in your life – and that’s where adaptogenic herbs come in.
Adaptogenic herbs have traditionally been used to help prevent the physical imbalances that can result from stress. Some of my favorites are Astragalus, Holy Basil, Rhodiola, and ReloraO (a patented extract of two herbs that have long been used in Chinese medicine for their calming and health balancing effects). Astragalus and Rhodiola, in particular, have been found to increase NK cells. These herbs are not difficult to find. Just about every health food store and pharmacy sells them.
If you find yourself feeling stressed out day after day, don’t underestimate the long-term impact that can have on your health. Take action today, even if it is simply to pick up a good adaptogenic herb.
[Ed. Note: Keeping your stress under control is one key to good health. For expert advice on how to stay stress-free, what to eat to stay fit, how to lose weight, and much more, sign up for ETR's free natural health e-newsletter.
It truly is possible to improve your health just by making wise choices when it comes to diet and lifestyle. James B. LaValle, RPh, ND, CCN - founder of the LaValle Metabolic Institute and a nationally recognized expert on natural therapies - can give you easy-to-understand directions for living the healthy life you've always wanted. Learn how to feel better and live longer right here.]
It’s Fun to Know: The Silkworm Diet
Chinese researchers at Beihang University have been looking at the problem of how to feed astronauts (known as taikonauts in China) during long space missions. And they have come up with a novel solution: silkworms.
To survive for years in space, the taikonauts will have to raise animals and plants for food. But chickens, cows, or fish would take up too much room and resources – not to mention make a huge mess.
Enter silkworms. They breed quickly, and require little in the way of care and feeding. Plus, they’re nutritious, full of protein and essential amino acids. You can even make a jam with the cocoons.
The scientists estimate that an adult would have to eat 170 silkworms per day to meet their protein needs.
(Source: Science)
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Word to the Wise: Gravid
"Gravid" (GRAV-id) – from the Latin for "heavy" – means "in an advanced state of pregnancy."
Example (as used by Virginia Woolf): "As for my next book, I am going to hold myself from writing it till I have it impending in me: grown heavy in my mind like a ripe pear; pendant, gravid, asking to be cut or it will fall."
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Copyright ETR, LLC, 2009
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