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Empathy - Not Business Plans - Key to Your Home Based Business Success - Do You Have Empathy? bound book as compared to
its digital equivalent.
EMPATHY is a Natural Talent, you were born with it and you will never loose it. It can be a blessing or a curse in a home based business. If you develop it, it can make you a Millionaire. Mary Kay, of Mary Kay cosmetics, did just that. If you have it, it is your most important key to a successful home based business. Business plans, cash flow projections, marketing analysis, etc. are skills that are needed in a home based business, but they can be learned from a workshops, courses or books. Your Natural Talent is what gives you the competitive edge.This a the second in a series of articles describing the 34 Natural Talents that can give a home based business owner the “edge” in the market place. The purpose of this article is to help the home based business owner identify which Natural Talents they posses. The rest of the article will discuss what to do with the Natural Talent, once identified.First, examine do you have EMPATHY as we define it. EMPATHY is: “A person that loves to relate. They can sense the emo
Also, product returns are actually less with Big Ticket items because
the customers themselves are more invested in the product. It’s easier
to admit you made a mistake and return a low ticket product than to
admit a mistake on a big ticket item. Benefit #5 is closely related #4. Since the investment by the customer (cash, time and emotional investment) is so much higher for a big ticket item, consequently, so is their personal level of commitment to actually use the product and benefit from it!
After all, as product creators and marketers, we are supplying these
items so that people will actually use and reap the rewards from
our products. These are the folks who have typically bought a low ticket item from you already. Not always, but usually. The fact that they are purchasing a big ticket item fro The Business Shaman: Exploring the Mystery of Success! Note: This article was written for a internet business site. It is a promo for my work with the business world. I published it here for anyone who is interested in a shamanic perspective on creating success, in both business and life. If you read between the lines, it will offer you some help when dealing with any challange.The sound of the drum is strong and steady. It's cold and damp in the large cave, except near the central fire. There are 40 naked, hairy, human-like creatures in deep celebration. Yet there is fear in the air. The clan is preparing for the next hunt.The shaman enters and speaks to the group of his dreams, explaining all the dangers the tribe will face tomorrow. The hunters begin to prepare themselves mentally, physically, emotionally, and spiritually. The shaman leaves, going into his small,sacred cave to begin the magic ceremony. He must do this to help bring about a successful hunt, and to protect the tribe from what he knows lay ahead. He has seen it all in his visions, he's an intuitive.Th Ok, before we get down to the benefits of selling Big Ticket Items, we had better define what a Big Ticket Item is. A Big Ticket Item is any product or service that sells for more than $500 or $1000. Or, at least, that’s my definition. The truth is, the definition of a Big Ticket Item really depends on where you are starting. Maybe you already sell E-Books or some other product for between $17 and $97. Or maybe you think $200 to $300 is a lot of money. My point is, the definition of Big Ticket depends a lot on your perspective. For now, it just helps to use the simple definition I have provided. Now, maybe you are completely happy selling E-Books or other lower priced items. There is absolutely nothing wrong with that. In fact, every really successful marketer has a range of products that they sell or use as lead generators. Robert Allen calls this multiple streams of income.
Now, let’s take a close look at the BIG Benefits to selling
Big Ticket Items. An example will help. Let’s say you sell an E-Book for $17. How many E-Books do you have to sell to make $5000? The answer is 295! That’s a lot of E-Books! Now say instead you sold an information product that consisted of 6 CDs and instruction manual. And it sells for $297. How many copies do you have to sell to make $5000? 17 copies! Or, to take this a bit further, say you had a complete home study system which included 20 CDs, 20 DVDs, 3 training manuals and 1 Year of Free Access to a Membership Site. How much would that be worth? How about $1499? How many of these systems do you have to sell to make $5000? ONLY 4 copies! Note: if you are selling as an affiliate for someone else’s product then it may take you slightly longer since you are making less money per sale than if you owned the product.
But the point is that you can sell much less product and make
more money! If you ask anyone who has been really successful in the marketing business where the money is, they will tell you it’s in the backend. What does that really mean? It means you’re not going to get rich selling E-Books or other Low Ticket Items!!! Sorry, it’s the truth. You need a strategy to build relationships with your customers that move them from being prospects to customers. Initially that means they will buy some low priced item from you. Once they come to trust you as a customer, some of them become highly valued clients when they purchase Big Ticket Items from you. Joel Christopher calls this the Profit Pipeline model.
And Ted Nicholas says you shouldn’t even launch a lead product unless
you have a medium or big ticket product ready to follow it up with. Now, I admit that net profit depends on the product you are selling. But, for Big Ticket information products, real estate or other unique and specialty items, your profit is usually much larger than on a low ticket item. E-Books are cheap to create. Production costs are zero on a digitally downloaded E-Book. So, your sale on a $17 E-Book is almost pure profit. But, the creation and production costs of a similar Big Ticket information product, although higher, are still pretty low. Really, just the cost of CDs, DVDs, and their cases, binders, burning the CDs or DVDS and printing out your hard copy information. Maybe $30, and that might be on the high side.
So on a $1500 product your net profit is $1470!!! And not just due to the price tag either. The products are generally more comprehensive or represent a substantial investment on the part of the customer, both in terms of time and money. So even though product creation and production costs might be low, perceived value is extremely high. And many extremely successful marketers including Joel Christopher and Ted Nicholas have found that physical products are perceived to be of even higher value than digital products. E.g. response rates were higher when selling an actual hard bound book as compared to its digital equivalent.
Also, product returns are actually less with Big Ticket items because
the customers themselves are more invested in the product. It’s easier
to admit you made a mistake and return a low ticket product than to
admit a mistake on a big ticket item. Benefit #5 is closely related #4. Since the investment by the customer (cash, time and emotional investment) is so much higher for a big ticket item, consequently, so is their personal level of commitment to actually use the product and benefit from it!
After all, as product creators and marketers, we are supplying these
items so that people will actually use and reap the rewards from
our products. These are the folks who have typically bought a low ticket item from you already. Not always, but usually. The fact that they are purchasing a big ticket item from Career Change - Resume Problems re Money!
What can I do about gaps in employment?There isn't much you can do about your work chronology—what's done is done. However, there are a few ways to present your work history so that the gaps are less apparent:- Consider including only years worked (rather than months and years). - Place employment dates next to job titles in parentheses. - Never showcase employment dates around large areas of white space—this draws attention to your chronology. -Think about other activities that you pursued during your employment gaps. You might be able to "fill in" your gaps with volunteer activities, training, travel, or development of a new skill.My recent work history makes me look like a job-hopper. What can I do?Try to take a positive spin on your work history. If you've moved around a lot, you demonstrate an ability to work in diverse industries or environments and to step into a role and immediately make a positive impact on the organization. Also, in some industries (such as technology and constructi An example will help. Let’s say you sell an E-Book for $17. How many E-Books do you have to sell to make $5000? The answer is 295! That’s a lot of E-Books! Now say instead you sold an information product that consisted of 6 CDs and instruction manual. And it sells for $297. How many copies do you have to sell to make $5000? 17 copies! Or, to take this a bit further, say you had a complete home study system which included 20 CDs, 20 DVDs, 3 training manuals and 1 Year of Free Access to a Membership Site. How much would that be worth? How about $1499? How many of these systems do you have to sell to make $5000? ONLY 4 copies! Note: if you are selling as an affiliate for someone else’s product then it may take you slightly longer since you are making less money per sale than if you owned the product.
But the point is that you can sell much less product and make
more money! If you ask anyone who has been really successful in the marketing business where the money is, they will tell you it’s in the backend. What does that really mean? It means you’re not going to get rich selling E-Books or other Low Ticket Items!!! Sorry, it’s the truth. You need a strategy to build relationships with your customers that move them from being prospects to customers. Initially that means they will buy some low priced item from you. Once they come to trust you as a customer, some of them become highly valued clients when they purchase Big Ticket Items from you. Joel Christopher calls this the Profit Pipeline model.
And Ted Nicholas says you shouldn’t even launch a lead product unless
you have a medium or big ticket product ready to follow it up with. Now, I admit that net profit depends on the product you are selling. But, for Big Ticket information products, real estate or other unique and specialty items, your profit is usually much larger than on a low ticket item. E-Books are cheap to create. Production costs are zero on a digitally downloaded E-Book. So, your sale on a $17 E-Book is almost pure profit. But, the creation and production costs of a similar Big Ticket information product, although higher, are still pretty low. Really, just the cost of CDs, DVDs, and their cases, binders, burning the CDs or DVDS and printing out your hard copy information. Maybe $30, and that might be on the high side.
So on a $1500 product your net profit is $1470!!! And not just due to the price tag either. The products are generally more comprehensive or represent a substantial investment on the part of the customer, both in terms of time and money. So even though product creation and production costs might be low, perceived value is extremely high. And many extremely successful marketers including Joel Christopher and Ted Nicholas have found that physical products are perceived to be of even higher value than digital products. E.g. response rates were higher when selling an actual hard bound book as compared to its digital equivalent.
Also, product returns are actually less with Big Ticket items because
the customers themselves are more invested in the product. It’s easier
to admit you made a mistake and return a low ticket product than to
admit a mistake on a big ticket item. Benefit #5 is closely related #4. Since the investment by the customer (cash, time and emotional investment) is so much higher for a big ticket item, consequently, so is their personal level of commitment to actually use the product and benefit from it!
After all, as product creators and marketers, we are supplying these
items so that people will actually use and reap the rewards from
our products. These are the folks who have typically bought a low ticket item from you already. Not always, but usually. The fact that they are purchasing a big ticket item fro The Communications Myth ng
business where the money is, they will tell you it’s in the backend.
Living in the 21st Century is truly marvelous, isn't it? We live in a world of instant communications where everything we need to know is right at our fingertips. The moment anything of significance occurs it is instantly transferred around the globe making us the most well informed generation in the history of the world.Why is it then that communications is such a problem in the modern workplace? Why do so many employees believe that key decisions of upper management, or even their immediate management are not being communicated to them?Don't believe me? Then go out and ask the rank and file in your company about the companies' direction; the department's goals and objectives; the companies newest marketing campaign; or the reason behind the recent decision to implement new systems.Most employees don't know these answers because the communications is just not reaching them.The reality is that communications comes in two parts. First, there is what the speaker or author sends, and then there is the message What does that really mean? It means you’re not going to get rich selling E-Books or other Low Ticket Items!!! Sorry, it’s the truth. You need a strategy to build relationships with your customers that move them from being prospects to customers. Initially that means they will buy some low priced item from you. Once they come to trust you as a customer, some of them become highly valued clients when they purchase Big Ticket Items from you. Joel Christopher calls this the Profit Pipeline model.
And Ted Nicholas says you shouldn’t even launch a lead product unless
you have a medium or big ticket product ready to follow it up with. Now, I admit that net profit depends on the product you are selling. But, for Big Ticket information products, real estate or other unique and specialty items, your profit is usually much larger than on a low ticket item. E-Books are cheap to create. Production costs are zero on a digitally downloaded E-Book. So, your sale on a $17 E-Book is almost pure profit. But, the creation and production costs of a similar Big Ticket information product, although higher, are still pretty low. Really, just the cost of CDs, DVDs, and their cases, binders, burning the CDs or DVDS and printing out your hard copy information. Maybe $30, and that might be on the high side.
So on a $1500 product your net profit is $1470!!! And not just due to the price tag either. The products are generally more comprehensive or represent a substantial investment on the part of the customer, both in terms of time and money. So even though product creation and production costs might be low, perceived value is extremely high. And many extremely successful marketers including Joel Christopher and Ted Nicholas have found that physical products are perceived to be of even higher value than digital products. E.g. response rates were higher when selling an actual hard bound book as compared to its digital equivalent.
Also, product returns are actually less with Big Ticket items because
the customers themselves are more invested in the product. It’s easier
to admit you made a mistake and return a low ticket product than to
admit a mistake on a big ticket item. Benefit #5 is closely related #4. Since the investment by the customer (cash, time and emotional investment) is so much higher for a big ticket item, consequently, so is their personal level of commitment to actually use the product and benefit from it!
After all, as product creators and marketers, we are supplying these
items so that people will actually use and reap the rewards from
our products. These are the folks who have typically bought a low ticket item from you already. Not always, but usually. The fact that they are purchasing a big ticket item fro 7 Tips to Attract Advertisers are zero on a digitally
downloaded E-Book. So, your sale on a $17 E-Book is almost pure profit.
- The More Affordable you are the better. It doesn't matter if you are a PR2 or a PR6, with 100 visitors or a 100,000 visitors. If you have options for every buyers wallet, then you will attract more advertisers. Do not limit yourself to only those with the big bucks...or the tight budget. Be versatile in your advertising options!- When you want to Increase, do it gradually. Don't just spike your prices over night. Make it a gradual progression as your site gains popularity. And make sure you keep several affordable advertising options, as mentioned above.- Have Specials. Don't you just love sales? Freebies? Well, so do those looking to purchase advertising. Try having monthly specials. You could give away a free home page button with purchase. Or do a buy one get one free advertising option(s). Have a few and change them monthly, weekly, or whatever works for you.- Promote your Specials. Don't just put them up and hope they are found. Announce them in your newsletter, blog, groups you are a part of, sig lines, an But, the creation and production costs of a similar Big Ticket information product, although higher, are still pretty low. Really, just the cost of CDs, DVDs, and their cases, binders, burning the CDs or DVDS and printing out your hard copy information. Maybe $30, and that might be on the high side.
So on a $1500 product your net profit is $1470!!! And not just due to the price tag either. The products are generally more comprehensive or represent a substantial investment on the part of the customer, both in terms of time and money. So even though product creation and production costs might be low, perceived value is extremely high. And many extremely successful marketers including Joel Christopher and Ted Nicholas have found that physical products are perceived to be of even higher value than digital products. E.g. response rates were higher when selling an actual hard bound book as compared to its digital equivalent.
Also, product returns are actually less with Big Ticket items because
the customers themselves are more invested in the product. It’s easier
to admit you made a mistake and return a low ticket product than to
admit a mistake on a big ticket item. Benefit #5 is closely related #4. Since the investment by the customer (cash, time and emotional investment) is so much higher for a big ticket item, consequently, so is their personal level of commitment to actually use the product and benefit from it!
After all, as product creators and marketers, we are supplying these
items so that people will actually use and reap the rewards from
our products. These are the folks who have typically bought a low ticket item from you already. Not always, but usually. The fact that they are purchasing a big ticket item fro Pallet Trucks bound book as compared to
its digital equivalent.
Pallet trucks are for moving pallets from one place to another. Pallet trucks make transportation of pallets easier and ease loading and unloading while ensuring safety. They can also minimize time of transport considerably. Since the pallets can be rather heavy, pallet trucks need to be very strong. Pallet trucks are generally used in chemical and pharmaceutical factories, warehouses, food storage facilities, and retail stores. Most pallet trucks can move loads of around 4000 lbs.Pallet trucks are designed to suit all kinds of environments and terrains, including highly corrosive and unsanitary conditions. Some pallet trucks are made from zinc and stainless steel; they are chrome coated and galvanized to resist even the highly moist atmospheres of pharmaceutical and chemical factories. There are pallet trucks suitable for clean room, laboratory, wash down, and corrosive material handling applications.There are different types of pallet trucks: low profile pallet trucks, pallet trucks with scales (for weighing loads), bi
Also, product returns are actually less with Big Ticket items because
the customers themselves are more invested in the product. It’s easier
to admit you made a mistake and return a low ticket product than to
admit a mistake on a big ticket item. Benefit #5 is closely related #4. Since the investment by the customer (cash, time and emotional investment) is so much higher for a big ticket item, consequently, so is their personal level of commitment to actually use the product and benefit from it!
After all, as product creators and marketers, we are supplying these
items so that people will actually use and reap the rewards from
our products. These are the folks who have typically bought a low ticket item from you already. Not always, but usually. The fact that they are purchasing a big ticket item from you now indicates that they are putting a lot of trust in you and your product or service. These people are also the most likely to buy from you again and again. And, they have the capital to do it. If you are not already doing so you should have a specific sub list of your customers who are big ticket item purchasers. Joel Christopher calls this sub list his highly valued clients list. Existing clients are also your best source for future business. Dan Kennedy has said that he became a millionaire by selling to many, many people. But he became a multi-millionaire selling to a much smaller, select group of his existing customers. That was Dan’s big ticket sub list! Treat the people on this sub list very specially. They should be getting your some of your most valuable information and unexpected bonuses, for FREE! You should also give them first chance at other high ticket items you have, create or endorse.
They have shown you their trust, make sure you show them you
appreciate them. The leap from selling a product at $17 or $49 or even $99 to selling a product at $999, $1599, $2499, $4999 or even $1M is a giant one. It requires a shift in mindset and perspective. But, once you make that shift, there are no limits! It is then only a matter of scale. Plus, once you have that paradigm shift, it is also reflected in all other aspects of your life.
Confidence, imagination, belief, personal power are all
increased and improved! Financial planners, stock traders, business people all think about return on investment or ROI. Return on investment is simply what you think you are going to get out of the investment based on what you put in. Many investors and business people won’t invest in equities or projects unless they think they can double or triple their investment. The investment might be money, services or time and labor. Face it, You're going to do one or more of the following activities. Write a one page sales letter, create a direct mail campaign, create a website, hook up a shopping cart, drive traffic to the site and basically do all the other things we do as marketers! And that’s going to happen for every product you sell! Wouldn't you rather sell a higher value, higher priced, huge profit margin, big ticket item than a $17 E-Book? Copyright (C) 2005 Chuck Daniel -- All Rights Reserved.
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