Archive for the 'Marketing + Selling' Category

The Father Of Virtual Real Estate Investing Comments On His Industry

Saturday, December 20th, 2008

Virtual Real Estate Investing” is a relatively new concept. There are many variations on what this term means, encompassing everything from using the internet to aid in real estate investing efforts to participating in online games such as SecondLife.

To find out the real story, I had a conversation with Bryan Ellis, widely considered to be one of the originators of the concept of Virtual Real Estate Investing.

When I began using the term virtual real estate investing in the late 1990s, I did so because I saw clear parallels between the strategies used for profiting from physical real estate and those that would create income in the online world, said Ellis.

An example of the similar nature of “virtual” and “physical” real estate Bryan Ellis likes to point out is the methods of making a profit from domain names compared to physical real estate. He points out that control of a domain name or even a specific web page is much like controlling a real estate property ” those assets can be monetized in similar ways: By selling them for a profit, by leasing them, by offering advertising, etc.

The parallels really are obvious. For example, if you’re the owner of a desirable property, its desirability is (in a business context) largely due to its being in a location that is of interest to others. Likewise, if you own a desirable domain name, others will find value in it because it serves their purposes. So it doesn’t matter if you own physical real estate or virtual real estate – you’ll likely use similar strategies to turn them into money in your pocket.

In our next installment of this series on virtual real estate investing., Bryan Ellis will share the internet analogies to the physical concept of real estate development.

Basic Steps To Network Marketing Success

Thursday, July 3rd, 2008

To succeed in network marketing, not only do you need to find a proven system and follow it, but you need to have a positive mindset.

There are many different techniques that successful network marketers have used, and it is tempting to look at another system, think that’s far easier, and try to change what you are already doing. A big mistake! Find a system that works and don’t let yourself be distracted.

Success for a network marketer starts in the mind. More than any other business you need to have a positive attitude. Remember this key point if nothing else. Believe that you will build a business and you are on your way. If you have doubts they will slowly sabotage your success, and this can be amplified if the only people you associate with don’t understand what you are doing. Discouragement is the quickest killer to any network marketing business.

This is the reason that traditional networking companies have opportunity meetings and sizzle sessions. So that you associate with like minded individuals who are positive and goal-oriented, and so that their knowledge and belief rubs off on you. If your company is internet based you will find that they have conference calls, forums and chat rooms to keep people motivated and focused. Make sure that you regularly participate in these meetings to maintain a positive attitude.

Information about your product and recommended promotional techniques can be discussed, but the most important benefit of these real life, or virtual, meetings is that they help to keep your attitude about your life and business positive.

Your own mind is the biggest barrier to success in network marketing, and the influence you allow others to have over it. The development of a great communication system with people in your upline and your team is the key to any networking system.

You can distribute flyers, business cards and put up notices, but if you don’t connect with other people in your business, and maintain a positive attitude your networking business will stagnate.

But if you work hard at improving your attitude, and use the above tools to dispel any doubts you may have you will find that your network marketing business will grow by leaps and bounds.

Finding a proven system in network marketing and developing a positive mindset are the keys to network marketing success. Keep working hard. Keep learning from your sponsor and upline. The key is perseverance and diligence. God bless you. Jesus loves you.

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Teaching to Build Your Opt-in List

Friday, June 13th, 2008

If you are in the business of selling online, then you are in the business of building an opt-in list and remarketing. Many website owners find that collecting opt-in subscribers is extremely expensive and involves running advertising or renting e-mail lists.

These methods can be effective – especially if you happen to sell high-end products with a very limited market size. But regardless of your organization’s size or the cost of your products, finding more cost-effective ways of generating leads is extremely important. For many website owners, providing free information products is an excellent way of improving opt-in subscription ROI.

Teach Them And They Will Come
The single most popular commodity on the Internet is information. People are starving for it. In fact, information is so important to many people that they spend an enormous amount of time educating themselves online so they can stay informed. Many view this form of continuous education as a competitive advantage they have over their peers, and feel that without it, their careers would suffer.

Here’s an example: A CEO schedules a meeting with his technical staff to talk about installing a Voice over IP (VoIP) system in the office. Because he likes to do his homework, the CEO spends an hour or so preparing for the meeting by doing some quick research on the Internet. He searches for “VoIP” on Google, and finds a ton of information about the different types of technologies. With this information he can develop a game plan for his meeting.

The company (and website) that does the best job of educating him about VoIP stands a very good chance of getting an opportunity to bid on the project when it gets approved.

In this case, the website doesn’t just create a lead for the VoIP company. It actually does something more important – it teaches the prospect to value the unique selling points of the company that provided the educational material. And in the case above, it actually influenced how the project was going to be presented to the prospect’s management team.

Later that week, when a competing company calls on the prospect to try to get an appointment, the CEO will be prejudiced against their solution because it does not possess the qualities he has learned to value from the first company.

Understanding this dynamic is crucial to building your opt-in list, and it should go a long way in determining your overall online strategy.

Effective Methods to Teach Online
Depending on your industry, there are a number of ways you can effectively teach online. Following are a few rapid-fire methods we have used in the past that brought great results.

White Papers – Inexpensive to produce and with an established distribution system on the Internet, white papers are a great way to get the word out about your organization’s products. These types of publications are primarily used in more technical industries such as software, hardware, medical, and engineering. A couple of distribution channels are: www.bitpipe.com and www.knowledgestorm.com, but you can also distribute them on your website.

Video Tutorials – An emerging method of teaching, video streaming allows organizations to not only teach a prospect about the industry, but also to demonstrate their products. Currently, video tutorials are a favorite among computer software and hardware manufacturers, but their use is rapidly spreading to other areas such as marketing and healthcare. Video tutorials can be marketed through Pay Per Click (PPC) campaigns on search engines as well as a number of new online video search services (Google has recently released a service here: http://video.google.com/).

EBooks – Because they are relatively inexpensive to produce, eBooks are a favorite form of lead generation for those website owners who have the talent or resources to write long-form text. Ebooks are generally viewed as more educational than white papers, and so may be viewed as a more valuable resource to some people. Ebooks do not need to be hundreds of pages long. In fact, most eBooks are between 50 and 100 pages, and can be promoted through dozens of online directories and distribution portals.

Web-based Tutorials – The most flexible method of delivering online content is on your website itself. Using this method, you create password-protected areas that require surfers to register in order to access your information product. The primary benefit of web-based content delivery is that the content can be easily updated at any time. Web-based tutorials are ideal for industries and topics that change often, or where the product itself is delivered via the website. Web-based tutorials can be promoted on your website, through PPC ads, and via your corporate newsletter.

If you are in the business of selling products or services online, then it could actually be said that you are also in the business of educating your market. When it comes to your industry, you are the expert. Your prospects are the students, and they have a vested interest in understanding as much as they can about how they can use your products and services to improve their businesses.

The companies that build their opt-in lists fastest are usually the ones that do the best job of educating their prospects about their industry. By following this method, you gain a valuable database of leads, and the prospect base learns everything they need to know to be able to purchase your products confidently.

Matthew Coers has 11 years of experience helping entrepreneurs build websites and make money online. Visit ProfitChoice.com and download our free report, “7 Days to Website Success” to learn seven low-cost strategies that can help you quickly boost your website’s performance.