• ^ click above ^ 09.26.03 Hi SmallBusinessNewz Readers, Have you ever received an invitation to join a "sure thing opportunity", one that almost guarantees success? Well today's featured article is called, Jumping on the "Next Big Opportunity" Bandwagon. If you are like me, you get prompted all the time. This article was very informative to me, and hopefully it will be for you. I have also included an article entitled "5 Ways To Boost Your Business Income". If I'm not mistaken boosting income is very popular these days. These 5 steps will do wonders for your company if you apply them. Be sure to stop by the WebProWorld Forums. This is an awesome place to stay up to date with all kinds of topics that relate to small business 'Til Next Time, Jeremy Guest SmallBusinessNewzEditor

  Jumping On The "Next Big Opportunity" Bandwagon By Angela Wu How many times have you received email inviting you to join a brand-new opportunity -- one that's "sure" to be a success? Often times, we're told that we can strike it big if we join an opportunity early: * We can be one of the first to promote the opportunity to our lists. The market isn't yet saturated with others promoting the same thing, and we can "brand" potential customers with our affiliate or distributor link. * We can refer others to the program, build a large "downline" (before they join under someone else's referral), and earn a percentage of the sales they produce. This is sometimes touted as being an easy way to make more money with no extra work. New opportunities can certainly have a special allure. However, not all of them will be successful - you could be joining the next big loser. Promoting something early runs the risk of promoting something that's going to be a waste of your time and effort. Worse, it could trigger the question of your credibility if you endorse the wrong product. Before you join the "next big opportunity", consider: * When was the product released? This is important because it gives you an idea of how much time it's been "tested". For instance, a piece of software should be tested extensively on a variety of different computer systems before you can say it really "works". Or "The Foolproof Guide to Housetraining Your Puppy In 10 Days" needs time to be put into practice. Over time, more information will become available about what customers like and dislike about the product. * How do -you- like the product? If you're going to endorse a product, make sure it's worthy of your recommendation. First-hand knowledge of the product will also help you in your promotional efforts since you'll be able to tell people some of its uses and benefits. * What attitude does the company have towards customer service? Regardless of how great the sales copy is, or how high the conversion rate, if customer service is sub-par, there will be a higher-than-normal percentage of disgruntled customers and a higher rate of returns and chargebacks. Those come directly back out of your commissions! You also don't want to tarnish your reputation by associating yourself with a company that treats its customers poorly. * What incentives does the opportunity offer if you join? What percentage are you offered on sales made by your sub-affiliates or downline? Do you also earn a commission on back-end sales? Will you continue to receive recurring commissions for subscription-based products and services? Do you also receive back-end and recurring commissions from sales made by your sub-affiliates or downline? Keep in mind that the simple act of recruiting others isn't necessarily a sure way to higher profits. It's not so important *how many* people you refer; what matters more is how many GOOD people you refer. It's more beneficial to recruit one super-affiliate that steadily produces sales, then to recruit 1000 people who never earn a single thin dime. Add secure credit card processing to your website. Merchant account and virtual terminal included. Guaranteed lowest prices in the industry! Click here for more * How does the company track sales and commissions, and when do you get paid? Are there minimum commissions required before they cut you a cheque? Do they require you to earn a certain number of direct sales in a given time period before they'll pay you for both your own commissions and those due to you through your referrals? * Is there a good record of payment to affiliates? All too often we hear about the next great opportunity where people join in swarms. They market aggressively and some even make a decent amount of money -- in theory. Weeks, then months, drag by when the promised payment never materializes. It's a waste of your time and effort to promote an opportunity that doesn't pay out -- not to mention the blow to your credibility if the people you refer also don't get paid. Look for an opportunity that has a solid history of making payments accurately and on time. The "fast profits" mentality of the internet encourages people to want to join a new opportunity early so that they don't miss out on the "next big thing". But sitting back and carefully evaluating an opportunity before jumping on the bandwagon gives you the chance to see how things initially play out. Good opportunities don't disappear overnight; they'll still be available tomorrow, next week, or next month. About the Author: Angela is the author of Online Business Basics, a practical guide to building a profitable Internet business on a beginner's budget. It's received rave reviews -- see why by visiting http://onlinebusinessbasics.com/article.html or request a series of 10 free reports to get you started: http://onlinebusinessbasics.com/freereports.html. 5 Ways To Boost Your Business Income By Tim Ong The other day, a patient of mine asked me a question. By itself, asking your doctor a question is not unique, but what makes this question stands out is that this was not a question pertaining to health. Small Business Postage Meter & Scale - Risk Free Trial - $30 in FREE Postage Coupons He asked me whether the economic downturn ever affect the health industry in general, and my practice in particular. My answer was, "Yes, it does affect the health industry, but it does not affect my practice very much because I have taken additional steps to boost my practice." And I shared with him what I learned from Jay Abraham and Ray Sugar. These two consultants get paid thousands of dollars for their business advice. 5 Ways to Boost Your Business Income The experts taught that if you own a business - any type of business - there are 5 ways you can boost your business income. Profit in any business comes from your business turnover multiplied by your margins. In simple term, Profits = Turnover x Margins Turnover, in turns, is determined by the number of customers you have, multiplied by the number of transactions each customer had with you and the average dollar sale. Thus, Turnover = Number of Customers x Number of Transactions x Average Dollar Sale The number of customers you have depends on your lead generation and conversation rate of these leads. Thus, Number of Customers = Lead Generation x Conversion Rate By breaking down the process into small chunks, you will see that your business profit is governed by 5 variables, namely 1. lead generation 2. conversion rate 3. number of transaction 4. average dollar sale 5. margins These experts worked out the formula and found that by doubling each of these factors, you can boost your business profits by an incredible 67%. Putting Theory into Practice When I first learned this formula, it seemed so simple that it was incredulous no one has taught me this before. Yet when I put the theory into practice, the result was truly remarkable. I started by making minor changes and adjustments to my normal practice and within 6 months saw a 20% increase in my turnover. Summary How much increased profit you can generate for your business depends on your ingenuity and creativity in improving your lead generation, conversion rate of your lead, the number of transaction per customer, the average dollar sale and your margins. Only these 5 factors, nothing else. Focus your energy on these 5 factors and you WILL definitely improve your business income. About the Author: Tim Ong is a medical doctor and author of the online "Build From Within" newsletter series. He is also the webmaster of The Self Improvement Site (http://www.theselfimprovementsite.com) and Caring For The Terminally Ill (http://www.caring-terminally-ill.com). You may sign up for his free newsletter at http://www.theselfimprovementsite.com/signup.html". Discuss these articles with other SmallBusinessNewz Readers! Click Here EntrepreneurNewz InsideOffice PromoteNews SearchNewz SmallBusinessNewz SohoDay WebProBusiness WebProWire WindowsDailyNews WomensBizNews EcommerceTrends EcommNewz EnterpriseWebPro ManagerNewz MarketingNewz NewsletterIndustry NetDummy WebProNews WebSiteNotes SecurityProNews SysAdminNews LinuxProNews NetworkNewz WebmasterFree Downloads   From the Forum Hello! I have few domains (10-15) and would like to have them hosted by one hosting provider (currently we have 2). Few domains belong to my friends and customers mostly for normal static html pages, few flash elements and online (CGI) forms. 2 websites with lots of graphics. We are planning to change to new server because recently we have too many "server down" situations. Sometime it was (few minutes) down - 3-4 times a day. What should I look for? Reseller? I do need good customer / technical support. Reply to this topic

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