How to Tap the Profits Hidden in Your Internet Business!

I'd like to show you five secret strategies to extract profits hidden in your Internet business. Pay particular attention because any of these can boost bottom line revenue fast.

Upsells

Upsells are additional sales made at the initial purchase. McDonald's does it when they ask to super size your order. When you sell an ebook for $30, you can add an upsell to the order form. The upsell offers an expanded version of the ebook with an extra bonus for $10 dollars more. This increases your initial transaction size. Done properly, at least 20% to 50% of your customers will buy the higher priced item.

Lifetime Value of Customers

Lifetime Value refers to how much a customer is worth. Customers tend to buy more than once. Say you sell vitamins online. It costs you $50 to bring in every customer. But they buy from you for six months at $30 per month. Even if you lost $20 on the first sale you profit $160 per customer over six months. Knowing this, you can break even or lose a little money upfront to get a new customer and profit from the repeat sales.

Back End Sales

The big money is made from repeat sales to satisfied customers. Create more products and resell them. It always costs more to get a new customer. The hidden profits are in what you do with them once you've got them. Build your business around a group of products you keep selling to your database.

Joint Ventures

Joint Ventures are project-specific partnerships. There are many ways to set these up but here's one idea. Find other businesses that have comparable products to what you sell. Make sure they are not in direct competition with you. Ask them if they would like to sell their product to your list. You get a 50% cut of gross profits. Everybody wins.

Create Higher Priced Products

Believe it or not, a $20 ebook can be repackaged and sold for hundreds of dollars. Take the ebook and expand on it so it's at least 150 to 200 pages. Record the ebook and make CD's of the recording. Add a few bonus materials and now the perceived value is no longer $20. You can easily charge $300 to $1,000 for the same information properly package. Of course, it goes without saying, that what you sell must be valuable.

By taking these strategies and modifying them to your needs you will tap the hidden profits in your Internet business. The money is there waiting for you. Using the above five strategies you should double or even triple your gross profits in the next 6 to 12 months.

John Anghelache is a copywriter and marketing strategist who develops high-ticket information products. His FREE book "How To Turn Your Expertise And Ideas Into A Business That Can Make You Rich" is available at? http://www.TurnIdeasIntoProfits.com

---

Niche Marketing: Finding JV Partners

Joint Ventures (JVs) are one of the most powerfull techniques... Read More

Truth and Lies

How low can one get? The number of encounters I... Read More

10 Ways To Gain An Avalanche Of Sales

1. Utilize holidays to increase your visitors or sales. You... Read More

The Yin & Yang of Internet Marketing

Westerners believe opposites flow in a natural cycle always replacing... Read More

Rocket Your Online Business into the Stratosphere with Captured Leads!

NO matter what business you are trying to build online,... Read More

What The Internet Owes Me

What does the internet owe me for all my hard... Read More

How to Start an Internet Business

The first thing I must say is it's a mine... Read More

Seven Steps to Starting Your Internet Business

There is no reason to be afraid of creating an... Read More

Website Sales: 10 Exploding Ways To Intensify Your Website Sales

Are sales at your website weak?Have you tried different types... Read More

The Website Marketing Strategy that Never Fails

Developing a successful web site takes more than simply building... Read More

The Internet Marketer

The internet marketer is really a perfect profession. This profession... Read More

10 Mind Blowing Ways To Increase Your Sales

1. Show your prospects how much enthusiasm you have for... Read More

How You Can Tap into the Dramatic Selling Power of Testimonials

Among the variety of techniques available to you as a... Read More

How Can You Can Go From Zero To Hero Overnight? Viral Marketing!

Everyone has heard about viral marketing but what is it... Read More

Providing Information Will Boost Your Web Site

I was at a meeting the other day when one... Read More

8 Must Know Tips I Wish I Had Known a Year Ago, About Internet Marketing Online

Are you considering working from home. I have been self-teaching... Read More

An Internet Marketing Plan Is Crucial

A Internet marketing plan provides you with a way to... Read More

Autoresponders = Automatic Internet Marketing Success

What if you could send out all the information that... Read More

What is EMarketing? A New Discipline is Evolving

Before trying to define the term of eMarketing (or electronic... Read More

Viral Marketing, New Means of Communications and Applications

Viral Marketing and Communications, Buzz Marketing, and Word of MouthMeans... Read More

Know The Fundamentals To Success

Internet Marketing is right for everyone. Unfortunately, not everyone is... Read More

Creating Your Own Internet Marketing Product through a Home Based Business

There are thousands of marketing tool kits available online for... Read More

Be Different And Profit

I've just spent 3 hours surfing the web and found... Read More

Solution Catalog - Getting More Out Of Your Searches The Fast And Easy Way

Are you Tired of being Burned by your Internet solutions?... Read More

The Right Way to Use Other People?s Articles on Your Website

Article Marketing Creates a Steady Flow of Fresh ContentArticle writers,... Read More

How a Multi-Faceted Approach to Site Promotion Can Secure Your Search Engine Positions

Copyright 2005 Tinu AbayomiPaulIn my last article on site promotion,... Read More

Triple Your Profits Easily With The Right USP

Convinced you have a fantastic idea for your online business... Read More

10 Ways To Get Your Ads Or Messages Noticed

Do you post to message boards, e-mail discussion lists, classified... Read More

I Want To Be An Online Marketer!

Where do I start if I want to be an... Read More

10 Resourceful Ways to Recycle Digital or Small-ticket Products

Have your product sales slowed down? Do you want to... Read More

Viral Marketing - Spread the Word

While a virus, in Medicine, is the smallest infectious agent,... Read More

Aggressive Marketing

If you get an email with a title like 'Don't... Read More

The Naughty Niches: Potential Gold Mines or Business Killers?

Okay, so you're looking for new ways to grow your... Read More