Tag: ebay

It is far easier, cheaper and rewarding to start an online business than an offline one. The models we’ll look at in this article do not take a genius to start. Let’s get going:

**1. The Membership Site Internet Model The internet has made accepting payment an automatic and hassle-free experience. When you set-up your own membership site you’re either offering premium information (ebooks, general content in a protected server, tutorials) or software on a particular theme or topic.

There is no shortage of potential topics for your membership site. It’s possible to charge anything from $10 to $500 per month depending on the quality and perceived value of your protected contents.

The benefits of setting up a membership site are huge. For instance your overheads are practically zero, you can deal with pure content that is delivered digitally and (the holy grail of earning online) you are assured regular residual income, month after month.

However, you do need to be very well organised plan your publishing schedule for the entire month (and note down your long term objectives for the site too). You will also have to ensure you can provide quality content month after month and will need some degree of technical know-how in setting up a protected site (although these days you can purchase point and click software that will do all the work for you).

The possibilities for the membership site business model are endless with several niches offering customer bases that run into the millions there is always space for a quality niche membership site.

**2. The SUPER AFFILIATE Model You may have heard the term super affiliate or super associate before. What exactly do these terms mean? A super affiliate is someone who is extremely good at selling other people’s products or services.

The advantage of the super affiliate model is that you spend no time on creating the product or customer service issues. You simply have a method of getting traffic to quality sites and enjoying the sales commissions generated. The biggest challenge faced by affiliates is that for a good product they are competing against tens, hundreds and sometimes even thousands of other competitors.

So how do you get past the competition? You do two things first create your own unique sales promotion tools (for example a viral special report), and you also offer customers special bonuses that they can only get when purchasing through your affiliate link. These two pointers will go a long way towards making you a super-affiliate.

Affiliate commissions vary in size paying anywhere from just 5% to even 90%. As an affiliate you should determine which products to promote and create a plan for them. Here’s a very strong tip promote as many products as you can that pay a monthly recurring commission. This way you get paid for months (or years) after the initial sale.

**3. The eBay Power-seller Model eBay boasts monthly page views that numbers in the billions. Think about that for a second it’s a HUGE base of targeted prospects and you can use this to set-up a thriving online business.

As always you need a plan of attack. What will you sell? Will you stock physical products or opt for a drop-ship solution. How will you accept payment?

One important consideration on eBay is developing a unique selling point this is something that makes you different from your competition and can be the difference between luke-warm income and turbo-charged profits. It’s worth spending a considerable amount of time planning your USP.

If you’re selling a physical product can you combine that with a unique info-product about that niche? It’s really quite simple to produce an eBook or purchase the rights to one and offer it as a high value bonus to those who bid on your product. Do you notice that I said bid and not buy? Why? Because if you promise a copy of the info-product to all bidders you will generate more bids and (the best part) assuming your product is branded with your site/ebay store you will drive targeted traffic to it. Simple yet very effective.

So we’ve looked at three internet business models that you can implement quickly for surefire profits. Believe me, this is only scratching the surface as you establish yourself online and learn more you will discover that there are many more simple methods of creating several powerful income streams online. Stay focused, have a quality blueprint to guide you and you will do far better than you ever imagined possible.

Best of luck!

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Like many other E-Biz owners, you may not feel inclined to structure your online business as a legal entity. Maybe you argue that your business is too small or that you only sell on eBay. Or perhaps you feel the process is too expensive. But the real question isn’t the size of your business, or how much it’s worth. The real question is, how much can you afford to lose?

Personal Asset Protection

When you’re operating as a sole proprietor, the law views you and your business as inextricably linked. Explains attorney Patrick O’Neill, CEO of http://IncorporateABusiness.com, One of the biggest benefits of incorporating or forming an LLC is that your business becomes, in a legal sense, a completely separate entity from you and any other shareholders. So in the unfortunate event that your business is sued, a judgment against your business doesn’t extend to your assets, other than those invested in the business. Similarly, your business’ creditors can only come after company assets – your house, life savings, and stamp collection remain safely out of reach.

Image Enhancement

Besides putting a virtual firewall around your personal property, you’re also strengthening your business’ image. This is especially important, because as a small E-Biz owner, you’re already at a disadvantage:

* First, as a small, unknown business, you have to work hard to create credibility with your customers. Unlike a well-known chain store, you must convince shoppers that you can consistently provide top-quality products and first-rate customer service.

* Second, when you sell online, you lack a physical storefront where shoppers can walk around and get a sense of the kind of operation you run, and whether they feel comfortable purchasing from you.

Seeing XYZ Business, Inc. goes a lot further towards reassuring potential buyers that you’ve been verified, than a generic XYZ Business. The same is true for other organizations with which you do business. Wholesale suppliers and loan officers, for example, are more likely to take you seriously. Even the IRS is less apt to audit a home business that’s an established formal entity – they believe the odds are much higher that the owner isn’t just looking for illegitimate tax deductions.

Tax Flexibility

LLCs and S-corporations were both developed with small businesses in mind, and both eliminate the double taxation of a traditional corporation. A C-corp is taxed on its earning as if it were an actual person. Post-tax profits pass through to shareholders, who must include them in their reported taxable income. For Coca-cola, this might be bearable; but for a small eBay business, double taxation can be a crushing burden. An LLC or an S-corp, on the other hand, allow you to be taxed as a partnership, so you’re not paying taxes at entity-level. You’re only required to fill out an information return for your business, and the profits and deductions pass through proportionally to the shareholders.

* An LLC is much easier to form than a corporation, and the compliance formalities are less stringent. The operating agreement can be as flexible as you choose to make it.

* An S-corp is basically a small business corporation, or a corporation that’s taxed as a partnership. It is generally less adaptable than an LLC in income distribution and imposes greater ownership restrictions.

For the entrepreneur, forming a legal entity presents a tremendous value proposition. You’re taking preventative measures in protecting yourself and proactive measures in creating greater credibility, advises O’Neill. So you’re helping yourself on the front and back ends.

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$1,167.00

The first thing I would like to do is share with you an email that I recently received that provided the inspiration for this article.

Mr. Calvert,

Hello, my name is Tanya Jameson. I met you a few months ago at the Bunny Slipper Boot Camp you spoke at in Las Vegas. I am the one that spoke to you after the Boot Camp and told you I was going to invest in your How to Create a $5,000 Monthly Income with Ebay and Online Auctions Course after I had a couple of yard sales.

I knew at the time, you probably didn’t believe me, but I did go to www.OnlineAuctionU.com and purchase your course. Anyway I just wanted to let you know that I have followed your course step-by-step and last month I have my first month of over $5,000.00 in profits, $5,233.70 to be exact and I am having a blast.  My 5 year old daughter helps me in my business and because of your course; I never have to worry about taking a job outside the home again.

Now for my question, at the seminar you said that you personally spend over $15,000 a year on books, tapes, seminars, and other personal development courses.

My question is why?

You have a net worth of millions of dollars, you speak all over the world at seminars, and have dozens of training programs, why do you still invest so much money? I am just curious; please respond when you have an opportunity.

Thank you for helping me change my life!

Tanya Jameson

Here is my response:

Tanya,

Congratulations on your first $5,000 month! You now have developed the skills and knowledge to be able to write your own pay check every month with Ebay and online auctions. I am proud of you and I appreciate you taking the time to send me an email.

Now regarding your question and why I spend so much money on personal education.

My definition of success is not how much cash, or how many toys you have. To me Success is living your life working towards worthy Goals  When I was broke, living in a small 600 foot square home and driving a beat up Chevette, I was as successful then as I am now, because I had worthy goals that I was working towards daily.

Now here is the brain tweak once I reached those goals, I was no longer a success.  Think about that one for a minute. The only way I could maintain my success is to set new goals!

When I was financially broke, I developed the habit of spending 10% of my income on my own personal education. Jim Rohn says Formal education will make you a living; if you become self-educated you can create a fortune

That is one of the things I absolutely enjoy about the Internet, it is a constantly evolving marketing medium.  There are always new ideas to learn and concepts and methods to test and put into practice.

Thankfully, my income got to a point, where I could no longer spend 10% on courses, books and tapes. So I was able to buy books and training programs for other people, and at one point provide the book  Think and Grow Rich to the entire graduating class at our local high school.

However today, I am constantly learning and working towards worthy goals, and I hope you will continue to do the same.

I wish you much success, and as always let me know what I can do to support and help you. I appreciate your support, and again thanks for taking the time to send the email.

Dale Calvert
www.DaleCalvert.com

I sincerely hope that my response to Tanya has resonated in your mind. If you are broke, but working towards worthy goals, YOU ARE A SUCCESS. Today’s world is full of self educated marketing masters that offer an endless supply of books, tapes, and training programs to help us all become better at what we do.

Oh yeah, before I forget, why is the title of this article  $1,167.00? That is what I spent last month for personal educational and training programs. Become self educated  and I will see you on the never ending road to success!

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