Hmmm, $2,500.00 in NET sales your first
month and you are "disappointed"? Heck, I didn't make a dime until my
forth or fifth month on the Internet! In fact, most new business fail
within the first couple years.
First off, I don't think you should be
unhappy, because $2,500 (NET profit) your first month is very good. We do
have affiliates and customers making more... but we also have people
making less. It's all relative I guess.
Anyway, with this question I can give you
dozens of ideas on how you can "make more sales", but before I do so, I
would need to ask you dozens of questions as to what you've done so far,
what's your experience on the Net, how much time and money do you have to
devote to this, etc., etc., etc.
This question is too general for me to
answer in an email... so it would be best if you could give me some more
specifics first. Until then, I will try and give you a more general answer
that has proven many times to
increase and double the sales for my clients... and it'll do the
same for you!
When I did consulting years ago for large
corporations, I had
a simple formula for doubling their business
every single month! At times we did even more sales...
and some months less. But after 6-12 months, the average outcome almost
always had a "doubling" effect.
Here's the formula in it's most basic form:
Every month, take HALF of your
profits (more if you'd like) and reinvest it BACK into your
business. Most of it being in the marketing and advertising part.
I know it sounds simple, but IT WORKS...
and it works EVERY SINGLE TIME WITHOUT FAIL!
Now, there are more specifics to my
patented "double-your-sales" formula and it's beyond the scope of this one
email (but I'll reveal it in an upcoming newsletter article) but there is
one criteria that has to be met before you do anything:
You MUST be able to
track your advertising and know what works.. and what doesn't. This is
better known as "direct advertising".
For example, let's say in January you spent
$500 on advertising. Half was on banner advertising and the other half was
on ezine advertising. At the end of the month, you made $1000.
With my formula, you will REINVEST HALF of
the profits (about $500) back into the advertising of your business. Now,
what will you re-spend the $500 on?... ezine advertising or banner
advertising or BOTH?
If you were TRACKING your sales and orders
(this is soooo easy on the Internet), then maybe you would have discovered
that you made 85% of the money on the ezine ads and hence, it would be
BEST to reinvest the profits into that advertising method, rather than the
failed banner ads.
In fact, if you reinvested the profits in
the banner ads, you may LOSE money the next month.
Of course, most people will BLINDLY
reinvest the money in BOTH because they don't know any better and they are
losing half of their investments every time!
Well, there you have it... something very
simple, yet extremely effective!