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Owning A Profitable Business Part Time
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Isn't this a dream that we all wanted? To have a profitable business on a part time basis. Imagine, a business that you own but you do not need to be there to manage. A business that give you money months after months. A business where there is no landlord and no employees.It seems a dream to an offline world but in online world this is the NORM! Let me use the offline world method to look at online world. When you start a business, you have an address for office or shop.
In online world, this is called domain name. b. In the offline world, you need to renovate either your office or your shop. In Online world, you can have it when you create your website.c. When you are ready to do business, you will have to stock your shop with products. Same applies in online world where you will eventually sell something, be it a product or service.This is where the similarity ends a. In offline world, you need to advertise, it is the same with online except that the advertisement in online is targeted and you can track the respond.
You can change the title, you can set the duration, you can show different sets of people different adverts for the same product etc.b.In the offline world, you have to motivate your sales stuff, motivate them, give incentives, manage them, appraise them, love them etc. In the online world, all this is automated. Your autoresponder will give you reports on - how many people viewed your advertisements- how many people interested and they will give you the contacts of the people- appear in front of your prospect when they come to greet them (pop up opt in), be with them when they go through your webpages (in line opt in) and thank them when they leave (exit opt in).
Accompanying your prospect all the time.Once your prospect given his or her email address, your autoresponder will - do follow up for you at whatever interval you dictates (hey, you are the boss, your wish is their command). They will even say exactly the same words that you want them to say. No motivation is needed.- if you want to make an announcement on either a new promotion or a new product. They will "call up" each and every customers to inform them. They can even report to you how many of your prospect responded to your updates- if you want to promote other people's product that you think might be suitable for your prospect, they will do the same.Even if your prospect become a customers, your autoresponder willa.
Segregate your customers in grouping such as buy one time, buy many times, buy high premium products, buy only cheap products etc.b. you can then select which type of customers for them to approach again for new products, thus your effectiveness is higher.With all these, you basically has an automated profitable business using your free time.
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Yeo Tien Kiong is currently managing a boutique venture capital company in Malaysia. He is very intrigued by the excitement of online business, especially its capability to create multiple passive income streams. His mission is to assist people to enhance their life style without leaving their job! He has written a Passive Income Guide, go here to download it for FREE http://www.yeotienkiong.ws Article Source: http://EzineArticles.com/?expert=Tien_Kiong_Yeo |
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Article Submitted On: July 14, 2007
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MLA Style Citation:
Kiong Yeo, Tien "Owning A Profitable Business Part Time." Owning A Profitable Business Part Time. 14 Jul. 2007 EzineArticles.com. 23 Nov. 2009 <http://ezinearticles.com/?Owning-A-Profitable-Business-Part-Time&id=645220>.
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APA Style Citation:
Kiong Yeo, T. (2007, July 14). Owning A Profitable Business Part Time. Retrieved November 23, 2009, from http://ezinearticles.com/?Owning-A-Profitable-Business-Part-Time&id=645220
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Chicago Style Citation:
Kiong Yeo, Tien "Owning A Profitable Business Part Time." Owning A Profitable Business Part Time EzineArticles.com. http://ezinearticles.com/?Owning-A-Profitable-Business-Part-Time&id=645220