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

---

Writing Your Own Entrepreneur Success Story

The world of entrepreneurship is a difficult one full of... Read More

FREE Classified Advertising Tips to Boost Any Business!

FREE online classified advertising - the equation is simple. A... Read More

12 Benefits of Internet Marketing for Your Business

1. Far Cheaper and Much More Flexible Than Print AdvertisingThe... Read More

Online Sales: 10 Mind Boggling, Electrifying Tricks To Ignite Your Sales

Do you want to unleash a tsunami of sales at... Read More

10 Ways to Exceed Your Clients Expectations Every Time!

The following tips are just a few of the things... Read More

Ecards as a marketing tool

As any successful businessman will confirm, having a great product... Read More

There is Hidden a Successful Formula in Everything

Although many say that things change on the net, still... Read More

Big Advertising Mistake - Dont Do This and It Will Save Your Advertising Budget!

Advertising plays an important role in your business (every business,... Read More

Googles Own AdSense Tips

Google is at least as interested as you are in... Read More

3 Simple Steps for Revealing Marketing Secrets of the Experts

Learn the easy method I use to reveal marketing secrets.... Read More

The Facts You Should Know About Internet Marketing

I wakeup this morning and see my lovely wife. She... Read More

How to Market Your Web Site with Ethical Linking

Your web site's search engine rankings are determined in part... Read More

E-Mail Accounts For Your Home Based Business

As a Work at Home Business you need to have... Read More

How To Identify Ideal Money Making Web Opportunities

I was winding my way up the levels of a... Read More

Online Marketing Secrets & Marketing Strategy For An Succesful Web Site

starts when a web site is being planned... And is... Read More

Why People Will Look Back In Years To Come And Wish They Were You

It's true. Just think about it for a minute -... Read More

Hire An Internet Marketing Expert For Online Success

It never ceases to amaze me how many otherwise intelligent... Read More

Use Landing Pages to Boost Sales and Capture Metrics

If you are sending out a periodic email newsletter, no... Read More

Networked Markets Are Democratic, Structured Markets Are Republican

Today I was checking out Michelle's A Small Victory. There... Read More

What The Internet Owes Me

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

How to Start a Successful Import Business Using the Internet

The Internet has opened up a whole new era of... Read More

Things I Learned from Corey Rudl

On Wednesday, the first day of June, I received the... Read More

Sex and the Gods of Internet Marketing

Whenever I mention my occupation to a non-wired person, it... Read More

The Five Golden Keys To Massive Passive Income

You can earn a large monthly passive income with a... Read More

Six Lesser-Known Online Marketing Ideas

Uniqueness is what separates each business, its services and its... Read More

Building An Effective Banner Campaign

Banner advertising can dramatically help you increase traffic to your... Read More

Internet Marketing Secrets Spiel

Wouldn't you like to know all the Internet marketing "secrets"... Read More

The Secret to Making More Money in Your Online Business: Lessons From Monopoly

Thousands and thousands of people are striving to make more... Read More

Boost Your Business in 3 Simple Steps

For all those who still think internet marketing is rocket... Read More

Seven Ways to Generate Income From Your Website

If you own your own website, there are a variety... Read More

Why Your Online Advertising Traffic Leaves as Soon as It Arrives

Online advertising traffic leaves when advertisers don't make it... Read More

5 Ways To Treat Your Website Like An Employee And Reap The Rewards

People often come to me in a state of crisis... Read More

Internet Marketing Promotion And Advertising Can Build Your Business

Internet marketing promotion & advertising are crucial for your website's... Read More