How To Increase Profits

I achieved my earning target in September 2005. Now, I have been thinking about how I can make more in October. Being a member at TurningIdeasIntoDollars.com, I consulted Lynn Terry. And I was glad that I did — I can say that what I got is pure wisdom.

You are in luck … because I am going to share with you two pearls of wisdom …

Pearl of Wisdom #1 – Automation = Passive Income

After a while, you should have identified what’s your money maker. This depends on your target market, your subscribers, etc … For me, XSitePro is just great.

Now, here’s the wisdom. When you have identified it — make it a passive income source. Yes, that’s it. If it’s possible, tweak and optimize and put things on autopilot.

Here’s an example (and something I need to work on). When you have a winning promo or review, put it online. If you need it with an autoresponder, get it running. If you need to write better copy, get it done. And after that, you just need traffic. If you do SEO, tweak the SEO. If you do Adwords, get that too. If you write articles, distribute a bit more.

When you’ve done that, you can really wash your hands from that project, and focus on other projects.

Pearl of Wisdom #2 – What Do They Need Next?

Here’s another wisdom that I got from Lynn. When you promoted something, and affiliate product, or your own product, it’s wise to capture email addresses. When you’ve done that, you know what they’ve bought.

Now think — What do they need next? Clever …

When you know that, you can source for the next affiliate product, or just create one your own.

If you’ve been selling how-to on fishing, the same customer may need some good fishing rods. Then, maybe baits. And then .. maybe you can even recommend some awesome fishing experience (fishing trips).

Well, not that I’ve actually done this. I just learned this myself.

So now, I can start brainstorming more for October 2005.

I said to Lynn … having made some really good money in September, I really appreciate this. Had it come earlier I may not be able to see what its worth.

So I know, if you haven’t made some money yet — you may not appreciate this too. You are still trying to figure out how to make that first $1000 or so.

But that try to keep this in at the back of your mind. I am sure that if you stick to this, the time will come, and this will be very useful.