Success in Business: The Success Gold interview

Hi Joe.

You'd like me to introduce myself a little?

Okay. So far, my main contribution to online business is as publisher of eProfitNews ezine (http://eProfitNews.org) which currently has over 11,000 subscribers. Since the year 2000, I've been sharing the results of my ongoing research into "what works" in online business.

So far, my most important ebooks are...

Niche Marketing Explained http://NicheMarketingExplained.com

HOTTEST eProfit Strategies http://eProfitNews.com/HOTTEST

Beating Chronic Fatigue http://GaryHarveyOnline.com/CFS

I'll keep this bio short, Joe, but for more details, please give your readers this link... http://GaryHarveyOnline.com/bio.html

NOTE: This was updated in Aug 2006. Here is a current list of my ebooks.

 

QUESTION 1:

What kind of online business should a new marketer start?

My first instinct is to let you know what field NOT to enter... Internet marketing, how to make money online. It's because that arena is already highly competitive and because of the credibility issue. By that, I mean you should wait until you've become a successful online marketer before setting out to teach others how to "make it big".

The truth is that there are many routes to online success. There are also many routes to online failure. So here are two keys that I believe are important.

 

KEY #1 - FOCUS.

The essence of being found by web searchers is to cater to a single, defined slice of the Internet population. You won't succeed (hey, you won't even get found!) if you try to cover everything at your website.

So focus!

On what?

There are several valuable ebooks out now that competently address this whole question of "How to find your niche?"

* Michael Holland's excellent "Strike It Niche!" [No longer available]

* My own "Niche Marketing Explained" ebook also covers the territory. And there is a quite a large directory of online niche marketing resources at http://NicheMarketingExplained.com. The library of niche marketing articles is especially valuable.

If you're passionate about your niche, so much the better. Your knowledge and your enthusiasm will shine through in your writing.

 

KEY #2 - DIVERSIFY.

Once your first web business is working for you, start a new one -- in a different field. By diversifying, you reduce your overall level of business risk. If one venture should fall over for any reason, your diversification will allow you to have several other income streams.

It's simply a matter of not putting all your revenue eggs in one basket.

 

QUESTION 2:

How to make sure your business lasts?

NURTURE VALUE-ADDING RELATIONSHIPS

Win/win/win is your goal here. You win. Your business partner wins. And the people on both your mailing lists win too. If one of these wins is missing, your relationship probably won't endure.

So look out for ways to bless others, to help others become more successful while you also "make a quid".

An example:
There is a successful online businessman that I know. For a while, I assisted him in his internet business because he had too much incoming email that was of a routine nature and didn't need to take up his time. So my job was to send personal replies on his behalf. After a while, his circumstances changed and he didn't need that job done any more but our relationship of mutual respect and friendship has continued. So when I was promoting MasteryTV during its pre-launch, I remembered my successful friend and wrote him a brief personal email. First result? He joined and then promoted MasteryTV to his huge mailing list. Second result? Now more than half of my 1000+ downline in MasteryTV has come in because of that one email. He wins. I win. Those who join MasteryTV also win because of the value of their product offerings. (Update: I'm quite unexcited about MTV now, after one initial good-sized payment.)

I maintain my valued relationship with this gent by sending him an occasional personal email. (Yes, I could do more...) For example, when I find a item of relevant interest to him and his business, I will forward it to him.

 

YOUR GOLDEN LIST

You'd do well to take especially good care of your customers... those who have actually bought from you. They should go on your "golden list" because it's been proven that it's easier to get a repeat purchase from a satisfied customer than it is to find a new customer. Easier and cheaper, by far!

 

GIVE VALUE TO YOUR READERS AND CUSTOMERS

Too many ezines are little more than someone else's article and a bunch of ads. If you want loyal subscribers, I submit that you'll want to give them more.

For example, despite the many mistakes I've made in my internet business, I have put a lot of effort into collecting valuable content for the ezine. The eProfitNews theme is "Helping You Make Money Online" and I've genuinely sought to do that by (amongst other things) scanning the mountain of emails that I get, searching for gems to pass on to my readers. Gems that will help them enjoy success in their internet business, while at the same time helping to generate an income for me. If you'd like to profit from the many hours I spend each week searching for all this good stuff, please feel free to join us. http://eProfitNews.org is where you can subscribe then our welcome email will direct you to the Subscribers Vault where some of our best resources are located.

As an example of providing value, new subscribers can currently download a FREE copy of Michael Campbell's $79 ebook, "Nothing But 'Net".

 

DEVELOP TRUST, THEN PRESERVE IT

Marketers who view their mailing list as a gold mine they can plunder anytime they need cash will probably convey that attitude to their subscribers. But if you're genuinely out there to serve people, to help them achieve their business goals and dreams, that genuineness should also come through.

So if you want to build a business that endures, be one of the good guys... or good gals.

 

AVOID THE HYPE TRAP

Online sales letters are typically characterized by grand promises of what the product or service will do for you. How it will transform your life and make you so much more successful or wealthy or healthy or happy or whatever it is they're selling. The reader is urged to feel that finally THIS product will be the magic key to move them forward from mediocrity into fulfillment.

Trouble is... it often doesn't work that way. Why? One thing that hype merchants invariably fail to tell you is that they dev

An example:
How often have you read that <fill in the name of almost any well-known Internet marketer> got a huge response (say 12%) when he promoted some new thing. And we're supposed to think that we too can get the same 12%.

Will you?

Probably not. For one thing, he may have already reached some of the same people who are on your mailing list, so they're unlikely to buy from you if they didn't buy from the guru. For another thing, he's worked hard for several years building a credibility with his audience.

Sorry, it's just reality.

The only way around that that I know of is for you to provide your readers with some ADDED VALUE as you promote the new product.

One way to do this is to read the ebook (or use the product) and write up your experiences as an user. Show how the ebook or product actually helped you. Maybe create a Users Guide which adds value to the product - and gives people a strong reason to buy from you, as opposed to some other marketer.

Sometimes the product owner will actually give you a copy of it if you explain to him that you would like to test-drive his software as part of writing an article which will go out to the article distribution services as well as to your readers.

In your article, avoid the hype. Be truthful in what you write. Sure, be excited, point out the benefits of your product but avoid "stretching" the truth.

 

QUESTION 3:

How to achieve true freedom?

PRODUCE YOUR OWN PRODUCTS OR EBOOKS

This is also a great way to develop multiple streams of income which makes your online income more secure.

Say you spend a month or two putting together a quality new ebook about an evergreen topic. Then you optimize your web pages (by making sure you use popular keywords in your title and meta tags, as well as your body text). After you upload them to your hosting service, all that remains is to link to the new pages from one of your pages that the search engine spiders visit regularly. It won't be long and the spiders will discover your site and add it to their listings.

Of course there are other ways to promote your stuff too... including writing articles. Here is a list of article distribution services that will assist you in getting your article "out there": http://eProfitNews.org/article-directories.html

 

THINK "RESIDUAL INCOME"

Of course, the idea here is: Do the work once, get paid again and again. It doesn't always work out as easy as that in practice but the goal is a good one. I'd encourage you to bear it in mind.

 

Wishing you well in your online business ...and in life.

Gary Harvey




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