Comments on: Internet Marketing, Xbox 360, and Apples New iPad

By: Solomon Huey

Solomon Huey — Mon, 29 Mar 2010 00:21:56 +0000

Hey Rob that's another good one! Yup outsourcing is SO important if you really want to see your business take on a life of its own. Hopefully everyone reading this realizes there are lots of ways to leverage your resources. Thanks for adding that in Rob!

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By: Affiliate Gameplan Bonus

Affiliate Gameplan Bonus — Sat, 27 Mar 2010 15:41:44 +0000

Hey Solomon, I leverage my business through outsourcing. I outsource to a couple of people in the Philippines and they do a fantastic job. I was a bit hesitant at first but what I’ve found is the work they do is even better than I used to do myself! By leveraging in this way I free up so my time to work on my own business.
.-= Affiliate Gameplan Bonus´s last blog ..Who is Rob Benwell =-.

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By: Solomon Huey

Solomon Huey — Mon, 08 Feb 2010 18:39:08 +0000

@beauty hair products - Sorry that isn't what I meant and I actually completely disagree with your statement. You can't simply go out and blindly try to sell stuff and hope to make money to do stuff later. This is the reason that a lot of beginning internet marketers fail in the first place. While I do think that people should go out there and get experience sooner than later, one must understand how to leverage the resources that you do have. Microsoft and Apple didn't just start selling their products and say, oh, we should try making money in other spots too. They already knew how they would make money on the backend by leveraging their frontend products. The point of this post is that you SHOULD have a plan to leverage your efforts. And if you don't have a plan quite yet, that is perfectly ok too. But at least start thinking about it and see how others are turning small sales into huge long term profits.

Reply - @beauty hair products<\/a> - Sorry that isn\'t what I meant and I actually completely disagree with your statement.\r\n\r\nYou can\'t simply go out and blindly try to sell stuff and hope to make money to do stuff later. This is the reason that a lot of beginning internet marketers fail in the first place.\r\n\r\nWhile I do think that people should go out there and get experience sooner than later, one must understand how to leverage the resources that you do have.\r\n\r\nMicrosoft and Apple didn\'t just start selling their products and say, oh, we should try making money in other spots too. They already knew how they would make money on the backend by leveraging their frontend products. \r\n\r\nThe point of this post is that you SHOULD have a plan to leverage your efforts. And if you don\'t have a plan quite yet, that is perfectly ok too. But at least start thinking about it and see how others are turning small sales into huge long term profits.'); return false;">Quote

By: beauty hair products

beauty hair products — Mon, 08 Feb 2010 06:05:07 +0000

Totally agree…without sales, there’s nothing you can do about customer service, product improvements, further R&D, or whatever… it’ll just be a hard struggle and it’ll all end miserable. So the lesson is to sell first, think later…or get someone who can handle the problems to solve them for you.
.-= beauty hair products´s last blog ..Hair beauty products- prevent hair problems =-.

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By: Solomon Huey

Solomon Huey — Mon, 01 Feb 2010 08:41:37 +0000

Hey Jean, thanks for the comment and the cool story! :) Yup it's literally done left and right in traditional business! And I imagine big companies know exactly how they will make their money back with all the tracking systems available today. Adding this strategy to your own business can increase profits on a massive scale also. For example, I could have easily made it cost money to join List Recon, and it still would have been a bargain, but part of my goal is to build a bigger list. So I took the "loss" on the front end and added a few ways to make my profits later on.

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By: Jean Grainger

Jean Grainger — Mon, 01 Feb 2010 07:26:28 +0000

Yes It is called a loss leader and it has been done for years in the grocery business. In my first job when I left school in the early 60s it was my job to work out how much we had lost on the loss leaders and where to put the odd penny or two on other things to pay for it. It was done every month. That was not all I did but it did take a week every month to do this. I worked for a chain of small grocery stores. I don't think we can add pennies back on other things but any freebie we give away to our list is surely the same thing, I remember we always sold Cornflakes and sugar at less than cost price so I always did those first. I expect a computer does the whole thing in minutes now I did it all by hand.

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