Top 5 Business Activities You’ll Profit From In 2010
January 26th, 2010
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by BobTheTeacher · Filed Under: Bob The Teacher Training · Business Building · Business Mentoring · Getting Started · Internet Marketing Seminars · Product Creation · Teleseminars · Time Management · Traffic · goal-setting
As you think of how you’ll manage your time and resources for the next year, use this list of the top 5 profit activities to guide you.
1. Build a List
First and foremost you need to be building a list. You need to be building a list. Now this doesn’t just mean building a list of contacts. It doesn’t just mean building an e-mail list in an auto responder. It means you’re building up a group of people who know who you are, who anticipate hearing from you and are willing and able to follow what you’re doing and take action on what you’re offering.
So it comes in the form of an e-mail list like a service like Aweber. It also comes in the format of your social networks like Facebook friends or fans or Twitter followers in other resources. You’ve got to be the person that people want to connect to. If you’re promoting something anonymously there’s no real way for you to build a list very effectively. People want to connect with a human being. They want to get to know you. They want to get to know your business, your personal life a little bit. They just want to get to know you so they know they can trust you.
So you’ve got to be focused on building up your list.
2. Create Free Content
You’ve got to be creating content that teaches people stuff about what you know how to do. And you need to offer that for free. You’re also going to create paid content. That’s number three but let me speak to the free content first.
This takes many shapes and you don’t need to do all of them but you need to be creating and releasing and distributing content that shares with people solutions or helps them make sense of something you can help with and it proves your abilities to do things better than other people.
You don’t necessarily have to be the best but you need to be the best that that person knows about. So you might write a couple articles every week. You might make a video or two every week. You might set up a couple blog posts. You might do a free teleseminar like I’m doing with you right now. The point is you’ve got to engage with your audience and give them stuff.
I don’t care if you have two people to talk to or two thousand people or two million people. You still need to give them good stuff for them to learn from. And treat each of your audience members as an individual that you’re helping.
3. Create Paid Information Products
Paid information products; what I mean by that is maybe you make an eBook or a teleseminar series or maybe instead of an info product that’s downloadable you create an information product experience like the workshop I’m holding at the end of February or a virtual event that you can put on over the phone. Or, you create a couple of online videos that people would pay for like I created at Discover cPanel.
You’ve got to create something that people will buy because if you don’t they’re not going to generate revenue for you for long. You can create good content that you can promote for affiliate programs but ultimately you need to create paid information products because that’s the only way that you’re going to have other people promote you as an affiliate. We’ll get into the SIMPLE system in just a second to be more specific with that but you’ve got to create some paid information products.
Ultimately people will not take as much action with what you give them for free as much as what you charge them for. Whether you charge them $20 or $20,000 you’ve got to get your audience members invested with you so that you can help them more. Although your heart may be in the right place to give everything away for free what you’re going to find is people don’t take action on the free stuff nearly as much as the people who pay for stuff.
4. Support Your Existing Customers
The fourth thing is you’ve got to support your existing customers. You’ve got to spend a little bit of time or have some assistance where you hire a support person or you have some kind of an e-mail system in place where you can support your existing customers. The reason this is so important, I alluded to it earlier, is because your existing customers are going to be your best source for revenue.
Now this is not to say you’re taking advantage of them by any stretch. What you’re doing is you’re making sure they consume the product they purchase. You’re making sure that if they have other issues that you can deal with that you don’t know about initially that you connect with them. You communicate with them and then you follow-up by creating that additional service or that additional product.
And you do that because they’ll buy from you again but also because they’ll be your biggest fan. They’ll be your biggest supporters and they will spread the word about you. So they’ll actually be great ambassadors for you as well. That can be a very profitable enterprise for you to conduct yourself.
5. Connect With Partners
The fifth activity I think is essential for your success in 2010 is you’ve got to connect with partners. I mentioned earlier one of the biggest mistakes people make is they see their completion as their enemy. Well, if you can partner up with someone who has a compatible product line, compatible types of services and you can work together to create a new product or you can refer business to one another you’re going to grow much, much faster.
When I attended my first live event back in 2006 in Baltimore I met up with a whole lot of people but specifically I connected with six other guys and we formed a mastermind team even though we were all teaching people how to promote their business online or some aspect of that. We saw each other as compatible people. We saw what we were doing as all part of the same kind of mission if you will.
We promoted each other. We did teleseminars together. We blogged with each other. We commented on each other’s posts. Some of us continue to this day to meet. I met my accountability partner through that process of meeting at a live event and then connecting through a mastermind and then continuing to work together.
You’ve got to spend some time and energy this year connecting with partners. The best way to connect with partners is to attend a live event. But you can also work through Facebook or through Twitter and through even the e-mail lists that you’re already subscribed to and see who can you be part of. Or in the membership forums that you’re a part of, okay?
But you cannot do this alone. You cannot succeed in business these days working by yourself in isolation. You’ve got to get out. You’ve got to meet some people and you’ve got to think, “How can I present a win-win situation to other people and become part of a project that other people are instrumental in?”
Put ALL 5 Into Action In 2010 For Best Results
So those are the five business activities that I really think you should be focused on:
- List Building
- Creating Free Content
- Creating Paid Information Products
- Supporting Your Existing Customers
- Connecting With Partners Where You Can Grow Together and Magnify Each Other’s Success
Which of these 5 areas is a strength of yours? Which do you need the most help with? Share with a comment below.
Bob Jenkins
p.s. If you are not 100% confident in your ability to carry out all 5 these profitable activities, then I encourage you to get expert help quickly. I’ll be including all 5 areas throughout the SIMPLE training event – more details are available at the event page.
14 Responses to “Top 5 Business Activities You’ll Profit From In 2010”
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| Bob Jenkins is an internet business marketing teacher, with ten years experience teaching teenagers and teachers. He is the creator of several online training courses that teach you how to get better customers and increase your profits. Specializing in social networking strategies for business and creating information products from teleseminars, Bob can help you use internet marketing tools and strategies to promote your business online. |
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This is an awesome post, Bob – basic and simple, but, just what I needed to hear (read)! Thank you! :)
Thanks Bob! As always great information. I will be adding this to my monthly business review to make sure these 5 items are being properly addressed each month.
Kay Kinder
http://www.ConsumersWakeup.com
You certainly put the essentials into a nutshell, connecting with customers as people not just money is the way to make long term sales as well as a btter way to do business. I intend to learn as much about those 5 points as possible because building multiple streams of income is my goal.
This list of the top 5 profit activities to guide you is a great resource for persons looking to earn more this year, always remember that the best chance you have at success is to follow those who have had success already and is willing to be mentors and guide you along the way.
Hi Bob
Curiously enough, partnering and collaborating is an idea I’ve had recently, as something to focus more on my business, during this year. Your message has been a confirmation.
Also, seing paid products as a way of helping your clients better, because you are helping them to use your materials, is very enlightening at this moment in my life.
Thanks for sharing these inspired actions.
Love
Charo
Bob -
Great list of Basics… And that is really what this business is all about! Just like a well-oiled sports team, by sticking to the basics, you get more & better results by refining and perfecting them!
Thanks!
Paul.
http://www.AllAboutGratitude.com
Thanks Bob!
You ALWAYS have good things to say, and Excellent* suggestions.
Thanks for being You.
Hi Bob,
Good post,Bob. I am involved in all of those tasks, in fact your post gave me an idea for a series of vids I could do on my site and charge folks to view them. Julie says hi, looking forward to crossing paths with you soon. Mike Logan
Hey Bob,
Alex here.I have two questions,can you check the above website and give me your expert opinion.The other question can you help me build a list for the above website or show me the way how it’s done.
Thanks,
Alex
Bob, I’m curious if you have heard of the web site TeachersPayTeachers.com. It appears to be a good solution for selling infoproducts without your own web site, but the listbuilding aspect seems limited? Do you have any suggestions for someone interested in selling through TPT on how to develop a list so we can sell products off-TPT? They take a pretty big cut of each sale, although I’m not sure it’s any worse that getting sales through an affiliate and they seem to get a lot of traffic. Your thoughts on how a teacher can maximize sales, build a list and a strong business online starting out with teacherspayteachers.com? Thank you!
Bob,
You are absolutely right on. I can’t tell you how many years I have spent on-line and never collected names for a mailing list and when I did finally start collecting them, I never built any relationship with them so I could never feel comfortable selling them anything. It takes time to “get” the whole internet marketing big picture and once it finally clicks it seems like such a no-brainer. Just follow those 5 steps above and if people like you and you over deliver good products you will do just fine on the web. You may not always make hundreds of thousands but you can make quite a comfortable living.
Hi Bob,
I am “guilty” of focusing on #2. I realize that the other 4 items on your list are equally important. This year, it’s back to basics. Thanks for reminding me to keep these business activities in balance.
Good post, it coincided with what I am thinking, if I could use it to steer new people away from rip off’s that would be a added bonus!
Bob, many people speak about web 2.0 marketing and social networks, etc, but your advice is always an actual testament to the reality of such concepts…you practice what you preach! These activities–particularly partnering–are being put into full force at http://lifestoryworkshop.info in 2010, and I will be seeking out your products and services along the way for guidance. Thanks again.