Patric Chan's Official Blog » Business Strategy

Sunday Email #55 – Happy Holidays and 5 of My Opinions

admin — Sat, 24 Dec 2011 15:31:01 +0000

I like to start off by wishing you Happy Holidays and if you’re celebrating Christmas, wishing you a very wonderful Merry Christmas.

Today’s Sunday Email is not going to be of much rants (unlike my past 54 Sunday Emails), but more towards of what I like to share about attaining more success with internet marketing and online businesses.

Here are 5 of them for your leisure reading:

Be Innovative (Or Perish) – It’s actually easy to make lots of money online, especially in the internet marketing niche. Here are the two mistakes of newbies when they try to penetrate the internet marketing niche:

i . They come up with another “old” product idea. An old product idea is like a course teaching about product creation or blogging. Those are nothing new at all and there are plenty of similar courses out there.

ii. They are being creative. There’s nothing wrong for being creative but don’t expect it to be a trend setter if you’re a newbie without strong influence in the marketplace. Secondly, if it’s too new, people might not “get it” or ready to test it out.

Be innovative. Just see what are quite successful and improve upon them. In fact, you can just spot them in Clickbank.com directly, it’s really a no-brainer.

ii. Know less, do more. Most people are unaware of this, but I’ve been exploring the domain name opportunity for the past several months. In fact, until now, it’s still a new game for me. But here’s the thing – the more I know, it seems like it’s ‘harder’ for me to make money with domains because I’m so overwhelmed with too many resources and options. THERE ARE A LOT OF THINGS TO LEARN ABOUT DOMAINS. Here’s the interesting part – I’ve started selling domains successfully when I’m doing nothing fancy, as simple as just putting it in Sedo.com. Once sold, buy more domains. The point is, sometimes, you just need to know less and do more of what you already knew. (If you want to stay updated with domains and website offers, subscribe on the update list for free at www.VREInvestors.com.)

iii. Need A Team. After spending about 18 months with Robert Allen, I’ve learned a lot of success lessons from him, directly and indirectly. One of the things that I’ve noticed about Robert is, he is a master of creating a “dream” team, in fact, a talented team. Be willing to share your piece of cake and you’ll get a good team to be with you. By the way, if you want to know what are the 5 other million-dollar lessons I’ve learned from Bob, you can watch it in Youtube for free, http://youtu.be/J6UCnFZ3DMI

iv. Asian Market. Apparently, for the past 12 months, I’ve seen an encouraging rise of customers and clients from Asia market – for my online product sales. Doesn’t matter if you’re an Asian or a Caucasian, I would suggest you to not leave out the Asia market, especially in 2012. I’m predicting that it’s going to boom further, much bigger. China would be a little bit too hard to penetrate because it’s an eco-system of its own but there’s a huge market for Singapore and Malaysia. Not to leave out Japan, but with Japan, you probably need your stuff to be in Japanese.

v. Take A Risk. You see, I’ve taught thousands of people to make money online and to start internet businesses. I’m not pointing this fact out to be ego or whatsoever, but to lead to this simple fact – most of them who achieved success are those who are willing to take risks. For instance, risk of losing other things (mainly time and money). Take the iconic leader, Steve Jobs as a brilliant example – I heard his salary as the CEO of Apple is only $1. Do you think he’s going to achieve success with Apple when his bank account is going to depend solely on his performance? Now, that’s “risky”. But then, that’s what leaders do – they take risk so that their reward in return is gigantic.

I hope some of these so-called “word of wisdom” could be handy to you in anyway for your success in 2012. Whether it does or not, it is my sincere wish that you’ll experience greater success next year and years to come.

Looking forward to grow with you further, to the next level.

You “Chan” Do It!

Patric Chan

P.S: If you like what you’ve read, I would appreciate if you can leave your comment or feedback or just “Like” this blog post. Thank you.Similar Posts:

5 Ways How You Can Spot A Hot Money-Making Trend!

admin — Wed, 11 May 2011 09:13:33 +0000

There’s a shortcut to profit windfall – ride on a trend and profit massively from it.

Imagine how much money you can be making if you’re on the right trend… access my 23-minute video training rtge reveals the 5 ways how you can spot a hot money-making trend:

Click Here

Please note that the video can be removed at anytime.

Thanks,

Patric

—Similar Posts:

Sunday Email #48 – Forget About Big Success

admin — Sun, 23 Jan 2011 18:33:14 +0000

If you’re new to my subscription and wondering what is a “Sunday Email”, it’s an email full of my rants, personal tips and opinions on marketing especially in the “internet marketing” niche. Sometimes, opinions on life. Whatever it is… it’ll give you value after spending time reading it. To make sure you won’t miss any future issue, subscriber for free at www.sundayemail.com. You can still read the archive at my old blog.

You know– sometimes my Sunday Emails can be harsh. Cuts through like a ninja’s blade. But come on, they’re my rants. If I want to keep everyone happy and write about the colorful rainbow, birds chirping, flowers blooming, etc then I should just opens up a nursery home and take care of children.

So if you can relate to what I wrote when reading it– good because I know it had just served the purpose of helping people.

———————————————————-

Last weekend, I think I’ve shared some valuable tips on how to make money online in our seminar, Multiple Streams of Income In A Flash. These include the technique on how to make $100K a year by working just a day a month, how to make money with flippa.com and the secret on how to build a mailing list with newsletter advertising from www.direzines.com.

We have over 200 attendees – ranging from newbies to experienced marketers who are already making money online. Some of the questions I’ve gotten were:

How do I get rank in Google on page #1?

How do I get a lot of paid members for my monthly membership?

How do I get Joint Venture Partners to promote my product now?

How do I get instant traffic?

Here are the answers:

“How do I get rank in Google on page #1?”

You spend a lot of time on keyword research, build a search-engine friendly website with keyword optimized content and get backlinks like crazy every day. Continue to do that diligently and the ‘magic’ can happen.

“How do I get a lot of paid members to my monthly membership?”

Start building your mailing list first, right now. Then convert your mailing list to paid members by over-delivering your content.

“How do I get Joint Venture Partners to promote my product now?”

Build a relationship first, only then send your JV proposal and make sure that your proposal is very attractive.

“How do I get instant traffic?”

Well, buy traffic with Google Adwords or paid advertising from www.direzines.com lists.

Which of course, these aren’t the answers that people want to hear (although those are the RIGHT solutions) – simply because, the truth is, it cost MONEY OR TIME to make internet marketing works.

What people did not realize is… these solutions are ALREADY saving you money and time.

If there’s another ‘secret’ to internet marketing secret, then it’s this:

Small success is better than no success.

You see, many people are still living in their dreams that ONE DAY, one fine day; they are going to make a million from the internet magically. Could be that they wrote a super amazing ebook that sells for $20 and sold 50,000 copies or founded another Twitter or something. Could happen, who knows. The problem is, they want this BIG success but haven’t even mastered the basic stuff yet. This is like saying, I want to be Michael Jordan (during his basketball peak days) but I still don’t know how to play basketball yet. For those who know Michael Jordan’s bio, they’ll know that Michael started with ‘small’ success before he became extremely good. So does Bruce Lee. Or Robert Kiyosaki with his Rich Dad, Poor Dad best-seller hit. Heck, so does EVERYONE, including internet marketers.

Because there are so many stories of how ordinary people strike fortunes online, people started to think that the Internet is an ATM machine. On top of that, all of those hype courses just add more fuel to this dream.

As weird as it sounds, at the same time, the Internet IS a form of an ATM machine. Like, if you build a list and add value to it all of the time, well, it’s a form of ATM machine, isn’t it?

But where does the money from the ATM machine comes from? It’s the money you’ve put in (or the interest you’ve gotten from your money). The point is, you got to work to put the money in it.

Start by putting little. You’ll wake up one day, astonish of what you’ve accomplished after a period of time.

Alright, I’m going to go watch the Social Network now, wanted to know how much effort was put in to build Facebook.

Talk soon,

Patric ChanSimilar Posts:

How I Build My Internet Business Empire

admin — Sun, 23 Jan 2011 18:18:17 +0000

Let me take you behind the scene to show you my internet business so that you’ll start right in 2011.

If you read this email, you’ll probably learn more about making money online and building a successful business than a paid ebook. Why?

Because this is 100% real.

And I’ll be sharing from the perspective of “me” — you just need to change it to your own.

Niche Market:

My niche is personal improvement and this niche is one of the hottest niche market on the internet today.

The best part is, you can still succeed in this niche even if you’re not a ‘guru’.

The Secret:

The secret to my success is I build a mailing list (wasn’t a big secret) and I didn’t just start building it this last year.

I’ve been building it for YEARS through many kinds of websites and traffic sources.

All you need is a LIST to be a ‘guru’.

How I Get My Lists…

I get thousands of readers reading my blog atPatricchan.name — that blog builds a list.

I have an authority website that is ranked in Google for “personal improvement” and “self improvement”(which took me YEARS of optimizing to get there,a lot of money spent and hard work but worth it).

If you go to youtube.com, you’ll find many of my videos ranked there among the best-selling authors and famous trainers… those videos build me a list.

I have a top notch self improvement course that gets consistent sales, it’s at SuccessTrace.com. That builds me a list.Then I also have my old site,

ycdisuccessoutcome.com.

My twitter account at twitter.com/successtrace sends me traffic to build a list.

I do JV’s regularly and I only do with partners with big lists. From each JV promotion, my list gets bigger.

In the past, I’ve spend thousands advertising in SelfGrowth.com. It costs about $2.5K to mail to their list.

I submit articles regularly to ezinearticles.com (actually, not so regularly nowadays as I get lazy at times).

I ran Google Adwords and bid on author’s name to build a mailing list.

And many other stuff that I do online.

The secret to a successful internet business is easy – build a huge list in a profitable niche market.

If you’re wondering why I am not afraid of sharing my real internet business model with you, it is because no newbies can clone my business — it’s already too ‘big’. And successful marketers won’t try doing that as well because it’ll be too much work for them to do!

It’ll make more sense for them to spend their time to build their current OWN businesses.

Patric Chan

P.S: It’ll take you months to build a list of hundreds of subscribers in the personal improvement niche. If you are a newbie, the truth is, that might not even happen.

Or do you want get this OVERNIGHT — without even ‘working’ for it?

I’m not talking about junk subscribers who subscribe to tens of other lists, I’m talking about *giving* you MY subscribers.

Click Here To Access Them

—

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Sunday Email #46: Joint Venture with A Bank

admin — Sun, 17 Oct 2010 16:10:25 +0000

So if you can relate to what I wrote when reading it– good because I know it had just served the purpose of helping people.

———————————————————-

In this week’s Sunday Email, I want to share with you what I’m currently doing and some insights related to internet marketing and business.

Re: My Latest JV Partner – A Bank

I’ve partnered with a bank (no, not Clickbank, “blogging to the bank” but a real financial bank) to promote my internet marketing business.

Banner promotion displayed on the bank's official website. Click to enlarge size.

This is a form of “local business”. I’ve seen a lot of marketers teaching about how to make money with local businesses but most of them are a pile of crap and I bet that they never make (or make big) money from local businesses before. I think I’ve rant this in the past, in Sunday Email #43… extracted from it:

——————————————————————————–

Then everybody was rushing to ‘local business’ opportunity, saying how EASY it is to make money by selling to local businesses instead.

Here’s the weird part – it’s like saying this, “Oh, it’s fine if you can’t make money online dude. Just go offline because there will be suckers who might buy your idea and pay you lots of bucks to do stuff that you can’t even do it for yourself. High five!”

Let’s say if the first statement is acceptable, but there’s a second obstacle – it is not easy to get local business. Honestly, no one’s going to pay you $2K for doing stuff that do not work. Business owners are not stupid and you know what, most of them are much more experienced than you when it comes to business building. To be frank, I doubt those who taught ‘local business’ actually do local business. If you’re wondering how I know how complex local business marketing is, it’s simply because I have another company that do this stuff where we run Adwords for clients, develop CMS websites, etc.

——————————————————————————–

Today, I want to give a different perspective. Local business doesn’t means that you have to sell internet marketing/search engine marketing services to small businesses or corporations – there’s a huge consumer market in where you live. Let’s say you know how to sell an ebook or make money from Clickbank.com, do you think your neighbor knows about that too? Probably not.

Do you think your neighbor would want to know your ‘secret’? Probably yes.

I’ve seen marketers making a lot of money with seminars and speaking on stage as speakers selling stuff that they don’t even use. These are the ‘smart’ marketers who are selling the “shovels”.

Maybe you’re not cut to be a speaker and can’t organize a seminar. But I guess you can still do small classes right?

I’m my previous course, The Local Niche Secrets, I’ve shared 36 local internet businesses you can do. For instance, you can setup a website where the locals can look for dates. Your website can help them to be matched for each other and you can get paid finder’s fee. Like this site, lunchactually.com – I happened to know about the website because its founder was in our seminar. It’s ‘local’ and have local dating programs. I think it’s brilliant to differentiate itself from match.com and other generic dating sites.

Proven Way To Get More Sales

I’m referring to getting more sales whenever I mail out to my mailing list. What I’m going to tell you is going to sound really ironic because you’re my subscriber and I’m mailing to you all the time.

Here’s an old adage you’ve heard in marketing, “give more value”.

Recently, I’ve been sending real content and valuable products to my list (apparently, that means you) and the response increased. When I send out promotion to them (again, that means promoting to you), I get more sales, making more money (meaning, you buy more).

Honestly, I think it wasn’t just the content that makes the sale. It was ‘earning the right’ to sell.

If you’re not getting good sales when you’re promoting to your list, then I guess they don’t think you deserve to sell. Sorry.

Secondly, I promote. I’m sure many other marketers out there give good content too but they don’t make good income.

They lack of something – they don’t ask for the sale.

Put it this way bluntly, if you don’t sell, why do you build a list anyway? Don’t tell me you just want to help and if that’s really the truth, I respect that but I think there are plenty of ways you can help the world other than spending the time with a mailing list.

If you’re scared to sell because you don’t want to upset your subscriber, you have a mindset block dude.

What Else I’m Doing…

Creating more good content. Yeah, I know it sounds really cheesy. But you know what – I have you reading my stuff here is mainly because of content. You buy my stuff because you want good content. See my point?

At the same time, I’m spending the time to give more content to my Chan Do Internet Success System customers. Why? Isn’t it obvious? More content = more business growth.

I think the teaching of “content attracts business” is more true than ever, especially with so many scammers out there. The marketer who has the real content will ultimately remain in this business and have the lion’s share.

If you create lousy content and people bought it, it’ll just be a matter of time before your name is spread in the world wide web (aka The Internet) as rotten apples.

On another side of the coin, YOU WILL GET BAD REVIEW but the question is, do you have more good reviews or bad reviews?

I’ve learned from Mark Joyner, if you don’t have bad reviews, it means that you’re not as successful as you think because you haven’t gotten a lot of customers yet. Did I pick that up from Mark? Can remember, but I’m sure I’ve learn several good business lessons from him directly and indirectly.

If you’ve find value in what you read today, please leave a Comment or feedback? Needless to say, I will definitely appreciate it because I read all Comments personally and gotten the chance to know you at the same time.

Patric Chan

To Anyone: You have the rights to republish this article on your blog, newsletter and so on as long as the article is not being edited at all. You don’t even need to link back to this blog and removed any links in the article – that’s totally fine. Or, if you want to link to this page with your affiliate link to earn 50% commission, register for the affiliate program today.

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Sunday Email #43 – Following The Hot Trends of Internet Marketing

admin — Sun, 22 Aug 2010 03:54:27 +0000

If you’re new to my subscription and wondering what is a “Sunday Email”, it’s an email full of my rants, personal tips and opinions on marketing especially in the “internet marketing” niche. Sometimes, opinions on life. Whatever it is… it’ll give you value after spending time reading it. To make sure you won’t miss any future issue, subscriber for free atwww.sundayemail.com. You can still read the archive at my old blog.

So if you can relate to what I wrote when reading it– good because I know it had just served the purpose of helping people.

Re: What Is The Trend That’s Going On?

I’m not sure whether you’ve pick it up that there’s a ‘flavor of month’ product. With a sudden, your email box is filled with promotions from many internet marketers, promoting the same stuff. Coincidence?

If you can still remember, social media was the buzz, starting with Twitter and follow up with Facebook. Or the other way round.

From nowhere, suddenly, there are so many ‘super stars’ when it comes to social media. As a matter of fact, even marketers who once preached Adwords abandoned what they taught and say Facebook was the thing. Hey, Facebook sells, Adwords don’t.

Then everybody was rushing to ‘local business’ opportunity, saying how EASY it is to make money by selling to local businesses instead.

New “flavor”? Welcome to mobile marketing. Heck, that’s not even internet marketing. Yeah, I know – it’s the NEXT THING and there are huge opportunities in it. But hey, how many opportunities can you juggle? Maybe a lot, who knows. The latest one was Mobile Monopoly.

But isn’t all of these are simply ‘hot trends’?

I suggest you to read the book called, “Acres of Diamonds”, personal development stuff. You can pick that up in Amazon or just do a search on Google.com.

As part of human behavior, it is our nature to “seek” new opportunities but not so much that we need THAT opportunity but our characteristic of not being to be left out.

In a nutshell, we don’t want to miss out the next big thing (if it did become one).

Sometimes, the opportunity is just in front of your eyes but you don’t see it. Let’s take social media and mobile marketing – what do they teach in common? Another channel to build a mailing list.

I was wondering, wouldn’t it be easy to build a mailing list by using the good ol’ methods like article marketing, Google Adwords, blogging, etc if you’ve already learned that in the past and proven to work for thousands of marketers? Yeah, I know – they don’t sound ‘sexy’ but I’m more interested in knowing I have money to pay my bills than being cool.

If you want to build a mailing list, all you need is to setup a converting squeeze page with a good free offer and send targeted traffic to that page. That’s it.

People are “deceived” with simplicity. They thought it has to be more difficult than this to crack the internet wealth’s code!

The concept is easy but the tough part is knowing how to create a converting squeeze page and where you can get targeted traffic. Good news is, it won’t be tough for long if you start focusing to master these skills, rather than learning about ‘local business’. Don’t you think the marketers who sold social media, mobile marketing and all sort DID master these skills and now they are making money online?

Since we’re talking about these topics, let me share with you some tips…

How To Increase Conversion On A Squeeze Page

There are many elements that influence your conversion but if I was to choose just one, I’ll focus on the free offer. What do your website visitors are actually getting for giving their name and email address to you? An ebook? Well, that’s actually not the answer I’m looking for – the answer should be information that is valuable to them.

Where To Get Targeted Traffic

Again, so many options. The answer should the traffic source that I can get immediately and the kind of traffic that is looking for what I have to offer. This is none other than Google Adwords. Yes, it’s not free but think again… is traffic from youtube.com is free? Free if you can create the video on your own but what is the likelihood you can get traffic with your video by tomorrow?

So as you can see by now, the word ‘free’ is hard to be quantified.

Here’s the #1 rule how I use Google Adwords – I’ll always drive traffic to a squeeze page to build a list, never to a salesletter to sell.

Patric Chan

—Similar Posts:

63 Killer Marketing Strategies by Dan Kennedy

admin — Thu, 22 Jul 2010 04:50:55 +0000

I find it amusing how all of these marketing gurus are selling $997 or $1,997 courses about marketing, when most of them are rehash or extended information from a (or two) $25 book you can pick up in Amazon.com.

And if you’re wondering where do their marketing knowledge comes from, they’re adapted from offline marketing strategies.

Have you heard of the name, Dan Kennedy?

If you don’t, Dan is internationally recognized as the ‘Millionaire Maker’, helping people in just about every category of business turn their ideas into fortunes.

And he happens to be the ‘go to’ guy for most of these online marketing gurus. They learn from him and then turned his strategies to be applied on the internet!

I like to give you a very valuable gift to you today, the rare copy of Dan Kennedy’s…

“63 Killer Marketing Strategies”.

In this book, it’ll have more marketing wisdom to make money online than most gurus $97′s ebooks.

Click here to directly download it for FREE
(Once click, please wait a while for it to download)

Warm regards,

Patric Chan

—Similar Posts:

Sunday Email #40

admin — Mon, 22 Mar 2010 05:17:28 +0000

If you’re new to my subscription and wondering what is a “Sunday Email”, it’s an email full of my rants, personal tips and opinions on marketing especially in the “internet marketing” niche. Sometimes, opinions on life. Whatever it is… it’ll give you value after spending time reading it. To make sure you won’t miss any future issue, subscriber for free at www.sundayemail.com. You can still read the archive at my old blog.

So if you can relate to what I wrote when reading it– good because I know it had just served the purpose of helping people.

Re: Video Salespage Works?

Have seen those webpage that uses videos purely to sell their products?

I know many marketers are getting huge sales by using that strategy. And if they read what I’m going to say, they’ll say this to me, “I don’t care because I’m laughing all the way to the bank with my sales, dude!”

Well, good on ya then.

But I think those who use that strategy is leaving money on the table. Why? Because not everyone appreciates watching a video and would want to waste their time watching a sales pitch!

Yeah… I know what’s going into your mind:

“If they’re not willing to watch, they’re probably not potential buyers anyway.”

That’s the single biggest mistake a marketer can do – relying on assumptions.

Just think – do you want to ‘risk’ throwing away your valuable 30 minutes and find out at the end that the offer (or the investment) is not right for you?

Dude, I rather sort my physical junk mails then wasting my time watching a sales pitch video. (By the way, I actually sort my junk mails while letting the video to play till the end ).

Secondly, there are still many people out there running on slow internet connections so literally, the marketer who just use video has just wipe off ALL of their prospects. Might as well say, “I don’t want you as my customer because you have slow internet connection.” LOL. What kind of crazy message is that for a marketing guy?

But I’ve seen sharper marketers do it this way – if the visitor exit, a salesletter comes up with an unblockable pop up.

That’s marketing with a brain, not with assumption.

Don’t get me wrong – use video, it rocks. I love it and I use it. But think of your prospects too when you’re using that (if you like to make more money.)

Re: I Don’t Buy “Hot” Products In The Market

Actually, I do buy but I just don’t buy ‘hot’ products that are affordable and sold in thousands of copies. Let me tell you why:

Imagine there’s a new course on how to get JV Partners to promote your latest gizmo by using a very easy-to-implement tactic that everyone can do if they just know this ‘secret’. You read and you were so excited because it sounds full-proof. Bzzz… wrong, bucko. 5,000 other people think the same too and your JV Partner is going to be swarmed with the same approach tactic. Instead of becoming effective, it backfires because you lack of originality and you are now viewed as ‘just one of them’.

Yeah, yeah… I hear you, you’re about to say this to me, “But the market is so big and there are plenty of niches out there! You’re thinking small, Patric.”

RIGHT. That’s the same piece of advice I give to people who do niche marketing. But guess what, most of these ‘marketers’ are circling in circles… most of them just promote in the same ‘internet marketing’ niche. Heck, they just promoting each other to sell more! Why? Because the courses released are mostly about making money in the internet marketing niche. And here’s the fact – if you take away most of the gurus’ lists and brand, they would be struggling to make even $1K a month online.

Now, even if you apply it in other niches, you’re going to bump into some other fellas and that’s the fact. But that’s not bad at all because you’ll still be able to apply that tactic to get good result. The hint here is this – if you’re going to buy another hot product, use it in some obscurer niche. Then you’ll have a home run winner.
Conclusion? Think smart…. stop thinking like a herd mentality.

*BUT* if the product is not the latest fad but based on real marketing principle, then it doesn’t matter how many people are using it. That’s the different from learning a tactic and a strategy.

Here’s the difference:

Strategy: Follow others to get Twitter followers through the concept of reciprocation.
Tactic: Use a software to follow others to get followers.

Patric Chan

—–

By the way, these are all of the hot products I saw being promoted (I haven’t bought or reviewed any of them):

Traffic Ultimatum

Rapid Mass Traffic

Auto Content Cash

—Similar Posts:

How I Make Money On Autopilot Every Month In A Non-Internet Marketing Niche

admin — Wed, 10 Mar 2010 14:51:57 +0000

This free course is a courtesy from my announcement, “I’m guilty (please read this)”. Content will be removed after March.

—–

I’m releasing the video that I’ve recorded as a case study that reveals how I make money online on autopilot in a niche market – from nothing. That niche is the self improvement niche. The best part is, this model can be used in any niche market and you don’t even need to be a ‘guru’ or an expert to do this from your home.

What else are revealed in this proven real life case study video:

* What kind of website will make you money
* How to have your own product created within hours even if you’re not an expert or a guru
* Where and how to get website traffic for free
* The ‘exit’ tactic to automate your internet business
* What kind of website will make you money
* How to have your own product created within hours even if you’re not an expert or a guru
* Where and how to get website traffic for free
* The ‘exit’ tactic to automate your internet business

UPFRONT MESSAGE BEFORE WATCHING:

Understand this – this video will surely gives you the idea how you can make money online like I do. But this not a A-Z home course that I’m sharing, so don’t expect me to show you how to create webpage, choose a hosting, etc. Go search around Google if you want to find those kinds of courses you can buy to learn the basics. Second thing – the only reason why I’m sharing valuable content is because of my ‘redemption’ I’ve posted a few days ago but please don’t take this as an advantage to squeeze everything out of me and leave me dry. My friend, I still need to pay my own bills too and make a living.

(Feel free to ignore the ad at the end of the video – too lazy to take the time to remove it. This video was created in the past for my paid membership.)

Regarding personal improvement, I’ve officially open up advertising spots to my highly valuable personal improvement list today (this is a test, no guarantee that I’ll be doing this again). This is your opportunity to sell your product or build an instant mailing list but the spots are VERY LIMITED. Click here to secure your spot today.

Feedbacks and Comments:

If you find value in this course, I would appreciate your comment or feedback below.

Patric Chan

—

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What kind of business can you start in 2010?

admin — Mon, 04 Jan 2010 16:26:42 +0000

I have a good friend who started the business of selling second-hand cars.

At the end of the year, he said this to me:

“Patric, I think I’ve spend a million to start and manage this business and at the end of the year, I hardly make much money for all of the risks and money I’ve spent.”

Well, luckily, he did not make any lost.

But the fact is… many people actually lose money to start a business and worst still, end up with a lot of stress. I’m not surprise you know of few who are in that shoe. Might as well work in a job than becoming a business owner.

And that’s the reality.

But the good news is, with today’s advance technology and new marketing channels, there are many opportunities to start a business UNCONVENTIONALLY.

If you want to be profitable in a business, these are the three principles you must abide:

1. Who’s paying you? – If you’re going to receive money, SOMEONE’s going to pay you. Do you know who will be your customers? You have to understand the characteristics of your customers so that you know where to find them and ‘talk’ the way they want to communicate.

2. What’s your offer? - In a business, there must be an ‘exchange’. They give you money, you give them… so what do you give them? Hint: This should be your PRODUCT.

3. What is your business platform? - Like my friend, his business platform is his second-hand car showroom. That’s where business is made. There must be a platform how you ‘meet’ with your prospects and where they can buy from you.

As you can see, there’s really nothing complex about this. Understand the business model first, not the tactics or techniques.

And if you’re smart, you’ll start a business that is:

1. Low cost – forget about taking out 50K or a million to start a business because that’s CONVENTIONAL where you’re not truly leveraging on technology and new marketing channels today. If you’re wondering, my defination of low cost is just a couple of hundreds or less to get started.

2. Unconstrained – Having a restaurant is a constrain business because you can only sell to people who walk-in to eat and limited by the numbers of tables you have.

3. Money In First – Don’t be in a business where you’re only to be paid 60 or 90 days later because it’ll drain your cashflow out. Make sure you get paid on the spot or in advance.

4. Minimal Process – Ideally, you want to have an automated business but that would be too idealistic. But it’s not hard to have a semi-automated business that does not require your attention all of the time.

5. High Profit – When you have high profit, you could sell less (which means work less). Let’s say you’re selling selling widget A for $50 with a 10% profit margin and I’m selling widget B for $50 but I have 90% profit margin. Which means, you have to sell 9 widget A just to make the same amount of money as me, so theoretically, you have to work 9 times harder.

And besides, with slim profit, your competitors can easily know you off.

Let me introduce to you, ‘infopreneuring’. The first time I’ve heard this concept is from Robert Allen (no, it’s not from one of your favorite internet marketing gurus who are actually rookies compare to Robert).

Following the 3 principles of business success, I’ll first find people who are seeking for the right information to solve their ‘how to’ problems. How to catch a fish, how to get a hot date with a girl, how to learn Thai kickboxing, how to do scrapbooking, how to draw with pencil and the list goes on.

Next, I’ll create the offer, which is the information itself in the most suitable format (book, CD, DVD, digital download, etc) based on the price I’m asking for.

Finally, I’ll determine the platform to sell my info-product and my favorite one is by using the internet. Setup a webpage, present the offer on it and start driving traffic to my webpage.

When you start doing this, you’ll never go into conventional business unless there’s a really good reason to do so.:-)

All the best,

Patric Chan
www.youchandoit.com

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