One of the by-products of this growing gap is the increase of traffic in opportunity offers as the result of the increase in successful projects. There is no doubt that opportunity abounds, but in any endeavor it takes time, a resource that is in short supply especially if your not quite ready to "fire your boss".
After getting past free promotion, bonus packages, and getting down to business, a knowledge gap appears. At this point the relation between time and easy, or time and low cost, is starting to look more like a liability instead of an asset.
I think of my time as a valuable asset that must be leveraged to increase its value. Similarly, money is an asset if more comes in than is paid out. So I invest time as I do money, by evaluating the risk and return on investment. Therefore costs hidden in free offers are mainly based on the value of time.
Not all opportunities are created equal in the leverage department. Once you find out that "easy" is not the same as the time it takes to get your business produce a profit, your time has been leveraged by someone else at your expense. When time and money liability becomes unsustainable, the opportunity is forgone for stories about internet business that doesn't work.
Many investments in so called easy to follow, step-by-step, methods lead to monthly liabilities like service fees for an ISP, leads, auto-responders, etc. Until income exceeds the cash flowing out, the liability is compounded by the time it takes to learn how to build the business to profit and you'll likely need deep pockets to leverage your time. Alternatively, opportunity with a fixed cost changes the time leverage factor in your favor.
Fortunately, I discovered one such opportunity that's like a Swiss army knife because of the multi-function it delivers. Once past the red flags of big money, low cost, network building, and leveraging time for marketing, this extraordinary opportunity earned its place in my portfolio because it is also an object lesson, a bonus to learning how to leverage time and money to build your business.
There were only three payments to start-up, a total one-time expense less than a 1 year domain rental liability. Software and ebook products were delivered immediately upon purchase. In a few easy steps, I had signed up for merchant accounts that now enable me to do transactions internationally. All I do now is promote the site along with my other internet business investments.
If you don't have a low maintenance high potential earner in your portfolio yet or would like an object lesson to test your existing investments, please drop by my site for the link or email me.
Free Offers And Coupons
So their offer all kinds of freebies to generate leads, convert visitors and attract clients: sample sessions, get-acquainted calls, bonus gifts, introductory and CDs. Being generous, they often toss off a free offer because "everybody does it."
Free offers can be a rewarding investment of your time or a wasteful drain on your energies. Here are 3 of the most common freebie mistakes.
(1) Focusing on price, not value.
Does the back of your business card read, "Call me for a free 20-minute consultation?"
Some professionals tell me they gained clients this way... five or more years ago. Today, I believe you have to differentiate yourself based on benefits and based on your unique ability to out-perform the competition.
Experienced buyers expect the free call to be little more than a sales pitch. So your offer can actually signal that you don't value your time *or* your prospect's time.
(2) Not tying your freebies directly to your target market.
Will your freebies attract prospects who differ considerably from those who actually sign up for the regular-priced service?
When I first offered copywriting servies, I offered free trial consultations.
But I soon discovered a hard truth. Clients who grabbed my free offers were very different from clients who expected to pay for the diagnostic call.
And they didn't understand what they were receiving. One early client even said, "Sure, after you wrote my copy, I filled my workshop. But I'm sure it was coincidence."
Needless to say, my free offers are long gone, even for my very best friends, even if I still had time in my schedule.
Of course, few marketing strategies are universal. In some markets, you will profit greatly by offering free sessions.
One reason: That's the only way your prospects can get a sense of what you offer. Some professionals offer services that are so confidential they can't even get signed testimonials.
And in some markess, introductory offers lead to lucrative contracts. You have to test.
(3) Not incorporating your freebies into your overall marketing strategy
Decide what you will give away as part of your marketing efforts - and decide what you will demand in return.
Many marketers (including me) offer ezines, e-courses and mini-ebooks...if you agree to share your name and email address and receive future mailings, including product announcements.
Some coaches and consultants offer free consultations after the prospect completes a lengthy questionnaire or assignment. They find they attract strong prospects by creating these filters.
Others offer a reverse free offer: Pay for a short consultation and get a refund if you sign up for a larger project. Frankly, I like this system because your prospect gets a realistic experience with no sales pitch and no hassle.
Ultimately, the decision to offer a freebie - and the type of freebie you offer - can shape your marketing strategy and ultimately your ability to attract clients.
Both Brian Hack & Cathy Goodwin are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Brian Hack has sinced written about articles on various topics from Real Estate, Affiliate Programs and Home Management. Brian Hack brian@h4h.biz currently authors and publishes H4H :: Residual Income Digest Express, http://www.h4h.biz a web site that analyzes internet business opportunity for the. Brian Hack's top article generates over 3600 views. Bookmark Brian Hack to your Favourites.
Cathy Goodwin has sinced written about articles on various topics from Debt Consolidation, Copywriting and Career Change. Are you ready to create a website that really attracts clients and increases sales? Cathy Goodwin, Ph.D., has answers. Download FREE 10-step "Hook Your Clients" Website Marketing System For Independent Professionals."Visit. Cathy Goodwin's top article generates over 22200 views. Bookmark Cathy Goodwin to your Favourites.
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