Tax Tips for Online Businesses – An Internet Income Opportunity
So, you’ve set up an Internet business. Maybe it’s a social media site. It could be a portal to sell your goods and services. Or, it could simply be a blog about one of your hobbies or interests that’s made some cash from selling ad space. No matter the business, if you made any income you have to file or efile by April 15th. However, before you file your taxes you should be aware of some tax advantages and challenges that are unique to owning an online business.
To begin with, the IRS has four general types of business taxes you may have to pay depending on the nature of your business. The first type is income tax. All businesses, except partnerships (who file an information return instead) must file income tax which is a pay as you go tax. The forms you need to fill out depend on how your business is organized. Typically, employees have income tax withdrawn from their pay. Estimated taxes are the regular payments you make on income, including self employment tax. Self employment tax is a social security and Medicare tax that contribute to your social security, which provide you with retirement, disability, survivor, and insurance benefits. Lastly, if you have people working for you then you have to file employment tax which includes social security and Medicare, federal income tax withholding, and federal unemployment tax.
When paying these taxes and filling the various forms, don’t forget the deductions that an online entrepreneur can make. If you work primarily from home,you can deduct things like portions of your property taxes, utility bills, as well as mortgage and rent. You can calculate these deductions by completing a Form 8829 which is available on the IRS’s website.
One more thing to consider when completing your taxes are the people you’ve hired for your company. You have to report on your taxes how much you’ve paid employees or independent contractors. With independent contractors you don’t have to pay the employment tax I mentioned above.
It probably goes without saying, but, any business owner, especially online entrepreneurs, should maintain detailed records throughout the year. Many small businesses keep an envelope, shoe box, or safe where they store their receipts and records. Not only is this unorganized but it’s easy to lose things and hard to keep track of how well your business is doing. You may want to consider investing in an accounting system or software to help maintain your books.
Some of the most successful businesses, like Google, of the past two decades have been Internet based. There is no reason you cant take advantage of an internet income opportunity or even start a business online yourself, just be sure to properly file your taxes, so you can save yourself a visit from the IRS, and make appropriate deductions so you can save some of your hard earned cash.
Network Marketing Internet Business and Google’s +1 Button
I know that most people know that Google’s +1 Button has been around now, but I’m surprised at how many network marketing internet businesses have not attached this “magic little button” to their websites. I think the longer they wait, the more sorry they will be.
You see, Google has been wanting to get into the social media game for some time now, and Google couldn’t let the Facebook Likes Button go unchallenged (By the way, to read more about the Facebook Likes Button, read my article An Internet Income Opportunity Using Viral Blog Posts).
So, Google came out with their +1 Button.
No one is really certain where Google is going with this button or exactly what they are going to do with it, but one thing that I’ve found is that my blogs and pages get indexed faster if I have a Google +1 Button on them. After all, it’s a Google reference vote… so I would recommend that if you have a network marketing internet business or just an ordinary website, that you add the Google +1 Button to your pages and posts.
There is discussion among some of the SEO gurus that Google intends to use this button in giving their rankings to websites, pages, and posts… I’m not sure exactly how they will do this, but it does make some sense. After all, Google tries to return the most relevant listings to a user when they do a search, so Google may consider sites with a lot of Google +1 votes as being very relevant.
Adding the Google +1 Button to your websites is easy. If you are using WordPress for your websites (I’m a HUGE fan of WordPress), just go to your WP-ADMIN area, go to Plugins, click ADD NEW, and type in “Google +1 Button”. There are several plugins that you can use, but I prefer the one called the Google +1 Button Automator… just click ADD ON to the one you choose and don’t forget to activate it.
If you’re using something besides WordPress for your websites plat form, you can get the Google +1 Button by going here: Google.com/+1/button
Adding Google’s +1 Button has zero cost to you, and if you do have a network marketing internet business and if Google does start using the results from this little button to determine how pages should rank, you’re going to be very sorry that you didn’t add it sooner.
New WordPress Plugin Takes Your Internet Income Opportunity To New Heights
| I just love this New WordPress Plugin… use it to take your internet income opportunity to new heights! |  |
As many of you know, the secret to getting lots of free traffic is based on how many backlinks your website has. Backlinks are what the search engines look for to determine how popular your site is and where they should rank your website on their search engine.
Just in case your not familiar with this, take a few minutes and read my posting called Network Marketing Internet Business Page 1 Tips.
Creating backlinks is a tedious, boring task that takes huge amounts of time. That’s why I love this new WordPress plugin… it creates them Auto-Magically for you!
It’s so easy to use and it’s an awesome internet income opportunity!
Once installed on your website (and, that’s easy), all you have to do is type in your keywords and enter your URL… that’s it. The plugin does the rest… it creates automatic backlinks to your website!
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Have an existing website? Plug it in.Starting a new website? Plug it in.Writing a new article? That’s right, plug it in.Do you know where existing links are pointing to your website? Pop those right in also to build their authority!
I don’t know why it took someone so long to create this type of software, but now that it’s here, you sure don’t want to pass up on it. |
So, go grab Automatic Backlink Creator and watch how high your internet income opportunity goes!
Relevancy Is Key For Building Home Work Business Opportunities
| Many of the visitors to this post are using the internet to build home work business opportunities and I wanted to take a couple of minutes to help these visitors improve their business.
You see, I’ve heard something over-and-over again, and what I’ve heard is just not true any more. Things are always changing on the internet… and this is one of those things that has changed. |
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As most of the visitors to this post know, link building is vitally important for increasing your website rankings. Back linking is the heart of off-page optimization. But, how many times have you been told that “a link is a link no matter where it comes from”?
I know that you’ve been told that before…because I’ve been told that before…many times. But, listen to me now…this is not true any more!
Two-to-three years ago, that statement was pretty much true. Any type of link could help your rankings in the search engines. But, the search engine “spiders” are much more intelligent today, and unless those links pointing at your website are relevant, these off-beat type of links could be hurting your rankings.
What do I mean by relevant?
In short, I mean that the website that places a link to your site should be related to your website…it should complement it and not be unrelated.
Take this example. Let’s say that you have a website that is selling red widgets. Well, it would make good sense if another website that is selling red widget accessories links to your site. Or, if your site is promoting a weight loss program, it would make sense if a site that sells vitamins links to your website. But, it would make no sense if a porn site or gambling website were to link to you.
Search engine spiders have matured and now know this. In fact, when they find these type of unrelated links, they are likely to do one of the following three things:
1. Ignore the link…and, not count it at all…you’ve wasted your time.
2. Google might consider your “theme” to be related to the “theme” that is linking to you. So, if a porn site links to you, your rankings in the porn site’s “theme” may go up and your rankings for what you’re really trying to rank for may go down. You don’t want this!
3. Google may consider that you’re just trying to “pull a fast one” over the search engines, and Google may black-list your website. Oouch! If this happens, you’ll never get any rankings.
So, here’s what you need to keep in mind: When running your link building campaigns, keep your visitors in mind. What kind of visitors do you want coming to your site? Do you want visitors to porn sites coming to your website? If not, keep your link building activities away from these types of sites.
Now, How Do You Find Good Sites Related To Your Own Theme?
Here are several easy ways:
1. Do a search in the major search engines using your niche keywords as the search term. Look at the websites that the search engines return and copy the URL’s into a spread sheet. Rinse and repeat.
2. Visit link directories, such as DMOZ, and search for your niche in their listings. All link directories are broken down into categories…just look for your own category.
3. Go to Yahoo’s search engine and type in the following : LinkDomain:http//www.YourCompetitorsWesite.com. Yahoo will return you a list of links that are directed at your competitors website. Look for related links and see if you can also get a back link from them.
Back linking is a time consuming process and now that it’s even more important to find relevant back links for building your home work business opportunities, it now takes even longer to do it. Let’s say that you want to build 50 back links and it takes you 10 minutes to find and build a relevant link…it will take you over 8 hours of manual work to do it.
Well, this brings me down to the last thing I wanted to mention in this posting. There is an easier way to do it.
LINKASSISTANT is a FREE TOOL that you can download to help you with this link building process. After downloading it, point to TOOLS…-> Find new link partners…and take a look at the different options you have. Among them are:
1. Find relevant sites to your own niche keywords by doing a keyword search. Quickly, it will return hundreds of sites.
2. Using LINKASSISTANT you can scan a complete website and find all the links pointing to it. You can also do this by page or category.
3. Best of all: Some sites provide you with a link submission form where you fill out a form with your website’s URL and where you have provided a link to them, and they in return will link to you. With LINKASSISTANT, you can automatically find these linking forms in sites related to your niche. How cool is that?
If you don’t want this FREE TOOL, go ahead and continue doing back linking manually…it’s the worst part about building websites and taking advantage of home work business opportunities. But, I know if you would only try it, you would really like it!
Key Points To Analyze Before Buying Aged Domain Names For Your Network Marketing Internet Business
| Don’t waste money buying aged domain names unless you are confident that the name you have chosen will actually work for your network marketing internet business. Worst yet, without doing the proper analysis, choosing some | 
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aged domain names may actually hurt your online business.
For example, let’s say your looking for an aged domain name for an online business that you’re trying to start and you’re going to sell expensive wrist watches. You’re using Flippa to do your search for existing domain names that are for sell.
You find an existing domain name that is 6 years old and it has a “catchy” name to it that you like and the price is right.
What kind of problems can you run into if you buy this aged domain name?
Well, the domain name may be trademarked and if you buy it you may lose that domain name further down the road.
Or, that domain name may have been used to sell unsavory products in the gambling or porn industry.
Or, the domain name may be 6 years old, but very few pages have been indexed.
There are a host of problems that you can run into with buying aged domain names. That’s why you need to be sure that you do a complete analysis of that domain name before you buy it.
AGED DOMAIN NAME ANALYSIS
Watch this informative network marketing internet business video to learn how to do this the right way:
Buying aged domain names is well worth it, but it does take some patience and you must certainly analyze your potential choices.
There is some FREE SOFTWARE that you can use to help you find the best aged domain names that are for sell. That software is called Domain Samurai and you can read my article about it at Increase Your Internet Income Opportunity By Using Domain Samurai.
Buying the right aged domain names will help you get to Google’s Page 1 much faster. Google has been tracking them for year’s and has developed a relationship with them. Many times, they already have Page Rank.
So, if you’re starting a network marketing internet business, consider buying an aged domain name. And, if you do, be sure to do the analysis that is shown in the video above before you buy.
The Relationship Between Internet Income Opportunity And LSI
| If you are online trying to take advantage of an internet income opportunity using free traffic, this is a very important post for you to read. Recently, Google changed how they rank websites and most | 
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webmasters are unaware of these changes.
Up until recently, webmasters relied on keyword density and links to get their sites ranked. This led to a lot of “cheating”. Webmaster’s were not that concerned about the quality of their website’s content, they were more concerned about the number of links they could get to point to their websites.
After all, that was one of the major factors that the Google “Bots” used to help them rank websites. And, Google knew this was a major flaw.
That’s why Google recently changed their ranking algorithms.
Google wants visitors to their search engine to be pleased and quickly satisfied with the information that is returned to them. So, Google had to find another way to rank sites based on quality and relevance other than just the number of links. To do this, Google started using latent semantic indexing or LSI.
LSI is a complex mathematical formula and I don’t want to go into too much detail on how exactly it works (if you want to know more about it, read Wikipedia). The important thing for you to understand is that Google is now using it as a major tool to help it rank articles and websites.
Watch this video for more info on LSI and how it works:
In a nutshell, LSI takes the keywords that you use in your articles and websites and compares them to the remainder of the words in your articles and websites, and looks for words that should be related.
If the Google “Bots” find those related words, they are likely to give higher rankings to your articles and website. If not, your rankings will be lower.
So, when you write an article to take advantage of an internet income opportunity, you need to be sure that your article is full of LSI words. This will give your article higher rankings and more free traffic.
How do you find out what LSI words are for the keywords that you are using?
Use this FREE TOOL: http://www.lsikeywords.com
That’s right, the tool is FREE to use and you don’t even have to give your email address.
Just remember, when writing articles to take advantage of an internet income opportunity using free traffic, rankings mean everything and that free tool will definitely help you!
Google’s Product Search Tool Helps You Build An Internet Income Opportunity
| A few weeks ago, I wrote a posting about some major changes that I was making on my marketing emphasis. I now try to create an internet income opportunity by selling more physical products rather than just informational products. There is less competition selling physical products and a whole lot more |
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that you can sell (if you haven’t read my previous posting, read Build Your Network Marketing Internet Business By Selling Physical Products).
I’ve seen a significant increase in my commissions that I earn from the tiny websites that I build to promote these physical products. And, I think one of the reasons for that is that I’m choosing to promote “HOT” products that Google says are hot. Let me share this little marketing secret with you.
Google has it’s own Product Search Tool. Go to Google.com and click on “Shopping” on the upper-left side of the screen.
Or, go to http://www.google.com/products – it will take you to the same page which is shown below:
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Scroll down a bit and you’ll see more…
See all those products listed below the search input box? Do you think that Google would just list any prducts here?
Absolutely NOT!!
Google tracks everything. Google is showing you in “live time” what is HOT on the market right now.
Now, let me show you how I use this tool to find the best products to promote, get affiliate links, and use the info to help me build my webites.
Click on th Advanced Product Search tab.
You’ll get a screen that looks similar to the one below:
I entered TV and specified a price range between $300-$400 (remember, Google’s tool said TVs Under $350 were “HOT”) and I clicked Search.
I got the page shown below:
This page provides a list of TVs that are selling between $300 and $400. It provides a price and a link to their product reviews.
Looking the page over, I chose the product at the top of the page – a LG – 32LD350 – 32″ LCD TV – 720p.
This product had 79 reviews (second highest) and was closest to $350.
I read the reviews and they spoke highly of this product. If I choose to promote this product to build another internet income opportunity, I can use those reviews to provide me information that I don’t have concerning this product. That’s valuable information to have.
When I clicked on this product’s link, I got the page shown below:
This page provides 22 sellers of this LG TV, the price that they sell it for, taxes, shipping cost, and overall Total Cost.
Some of these sellers have affiliate programs and some do not. I needed to find a seller that had the lowest Total Cost possible that was also running an affiliate program.
So, I started out with the seller that had the lowest cost – Abt Electronics.
So, I clicked on their link given on that page and it took me to their website that is shown below:
I didn’t find anything about an affiliate program when I looked at the top of their website and the left sidebar, but when I went to the bottom of the website, I found it. I got lucky!
To find out what kind of affiliate program they had, I clicked on that affiliate link and it took me to a review of their affiliate program.
They pay a 7% commission on the overall Total Cost! So, for each TV that I could sell, I would receive a $26.18 commission. That’s not bad for the simple, tiny websites I build to promote these products.
I now have almost everything I need to build another website. I have an affiliate link to a “HOT” product, in a “HOT” market, and all the info to make that site with. All I need now is to find the right keywords (if you need help with that, read Traffic Is Key To An Internet Income Opportunity).
There you have it. If you choose to promote physical products to build your internet income opportunity, try using Google’s Product Search Tool – you’ll find all the “HOT” products on the market.
Network Marketing Internet Business Newbie Mistakes
| There are some very common mistakes made by Newbies in the network marketing internet business. I’m not surprised that some of these mistakes are made because I made some of these same mistakes when I first started out. That’s why I’m writing this posting so that I can help others who are first starting out to avoid these mistakes. | 
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Avoid These Common Mistakes:
1. Failure To Capture Email Addresses
If you’re trying to drive organic(free) traffic to your website, why shouldn’t you take the time to capture their email addresses? Yes, they have to give it to you, but why not take the time and ask them for it? It never hurts to ask!
If a visitor to your site likes what they see and read, they’ll probably be pleased to give you their email address. After all, that means that they can get some more of that good information in the future and they don’t have to take the time to remember your website’s address.
Getting your visitor’s email address allows you to build a relationship with them. You’ll get more visitors to your site who are just looking and not buying, but if you’ll buid a confident relationship with them, they’ll be more likely to buy in the future. And, they’re likely to become repeat customers!
The best way to ask a visitor to your site to give their email address to you is to offer them something free in return. Offer them a free report, advice, or a free tool. Let them know that their email address is safe with you and that they can always opt-out if they no longer want to receive any more emails from you.
It’s easy to create a free report that you can give your visitors in your particular niche. But, if you don’t want to create your own, you can also get them for free. Read my posting Rebranding an Internet Income Opportunity to find out how.
2. Failure To Try To Sell More
If you’ve got a visitor to your site and they’ve decided to make a purchase, don’t be afraid to ask them to make an additional purchase.
It’s always easier to sell someone who has already made a purchase and still has their credit card in-hand.
Do this within seconds after they’ve made their first purchase.
Make sure that the second product that you’re going to try to sell them is somehow related to the first product that they’ve already bought. For example, if you’ve just sold a customer the plans to build solar panels for their home, why not make them an second offer for the plans to build a solar heating unit for their swimming pool? You may increase your profits in your network marketing internet business!
3. Reducing The Cost Of Google Adwords
Remember that I said that it’s important to capture a visitor’s email address? Well, that’s especially important if you’re advertising on Google Adwords!
How many times have you advertised on Google Adwords and your cost to do it was $500 and the sales you made only netted you $450? That’s a net loss of $50.
Well, if you’re capturing email addresses, you’ll have the opportunity to make up that $50 loss with potential sales in the future.
4. Using The Wrong Keywords
All too often and the biggest mistake made by Newbies is that they use the wrong keywords for their websites, articles, and videos. As a result, they get very little traffic and they find it almost impossible to get ranked.
Newbies are anxious to get started – I know, I was there and made the same mistakes. Choosing keywords that are too general and too competitive is a waste of time and energy.
Before you get started, sloooow down, choose the right niche, and the right keywords. Keywords that have enough traffic, but not too much competition.
There is a Google tool that can help you find the right keywords to choose. That tool is at http://www.google.com/sktool/.
This tool will help you find keyword phrases that are relevant to your niche and gives you an estimated level of traffic. Choose keywords that are long-tail(multiple words), have a sufficient amount of daily traffic, and are not too competitive.
For more information on how to identify what the competition is for a keyword, read my article Cherry Picking An Internet Income Opportunity. In that article, you’ll find a FREE tool for identifying what the competition is for a keyword phrase.
5. Using Keywords That Won’t Sell
A BIG MISTAKE!
Some keywords just won’t bring you visitors who are willing to buy. They will only bring you visitors who are looking for information and doing research.
Ask any expert on Google Adwords – there are certain keywords that will bring buyers and other keywords will attract only lookers.
When you choose keywords for your website, articles, and videos, be sure that you use keywords that hungry buyers would use.
So, after you do your keyword research on google.com/sktool, take your chosen keywords to Bing’s Online Commercial Intention Tool and find out what the probability is that those keywords will be words that buyers would use. This tool is FREE to use.
If you’ve found 3-4 keywords that have sufficient amounts of traffic,are not too competitive, and are likely to be used by buyers, you’ve likely found a gold mine!
Now, let me tell you about a tool that can do all of these things for you, and it does it automatically. Yes, it does cost some money, but not that much. I think that at some point, it’ll be used by everyone in the internet marketing or affiliate marketing business.
The tool is called Market Samurai. Read my article Traffic Is Key To An Internet Income Opportunity to learn more about it.
The tool is so easy to use and it’s so clever! I can’t imagine trying to make money online without having this tool in my tool box.
Every business has a tool box. Don’t let your network marketing internet business suffer without it!
Build Your Network Marketing Internet Business By Selling Physical Products – Part 2
(NOTE: This is the 2nd part of a two part series on Building Your Network Marketing Internet Business By Selling Physical Products. If you haven’t read Part 1, yet, you may want to do so by clicking HERE before proceeding)
| Promoting and selling physical products on the internet is an easy process. What you need to keep in mind is not to over-complicate the process. Basically, it is a 3-step process: 1) Research, 2) Setup, and 3) Promotion. | 
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STEP 1 – Research There are 4 key elements to research:
1. Your Chosen Market: Make sure that the market that you are choosing is one where there are “active buyers” on the internet. By that, I mean, there are some products that potential buyers will research on the internet, but when it comes down to buying they want to be physically touching the product before they buy.
I usually test this out by going to forums related to the product and check to see what the members are talking about. You can even join these forums and participate in them. For example, you might just come out and ask the members in the forum how many of them have bought product “XYZ” over the internet.
Make sure there are “active buyers” on the internet!
2. Your Product: Find a quality product that has name recognition, a reputable firm behind it, and allows affiliates to promote it. You want a product where you can make an easy sale.
3. Your Domain Name – You want to try to get a domain name that is the same name of the product that you have chosen to promote. For example, if you had chosen to promote Laars Pool Heaters, you would like to get a domain name like www.LaarsPoolHeater.com. You can also use .net or .org, but I wouldn’t choose any other extensions.
4. Your Keywords – Use Google’s Keyword tool and find 3-4 keywords that “active buyers” would likely use on the internet. For example, for Laars Pool Heater, I would likely look for and use “buy Laars Pool Heater”, “purchase Laars Pool Heater”, or just “Laars Pool Heater” if Google’s Keyword Tool returned these options to me.
Remember, Google’s Keyword Tool will only return words to use that have a history of being used on their search engine.
STEP 2 – Setup
Setup a simple website on WordPress.org. I’ve found this to be the quickest and easiest site to quickly setup simple websites for my network marketing internet business and Google just loves it!
There are two important WordPress plugins that you need to install into your WordPress admin panel. Be sure to install All In One SEO and Google Analytics. They are both free.
Your website should be between 3-8 pages long. Write an interesting review of your product and give them some information on the company’s background. If there are any special details that can help them to make a purchase decision (for example, “Next Day Delivery”), be sure to include that.
Don’t forget to call your reader to action. For example, you might say, “Buy Now” or “Purchase Today” – after all, that’s what we want them to do. Following is an example of a simple website used in the Laars Pool Heater example above:
See how simple of a site that is! Nothing fancy. It’s a 7 page site with 5 of those pages reviewing specific products.
STEP 3 – Promotion
Once your website is established and hosted, write another article related to the website and submit it to Squidoo, Ezinearticles, Hubpages or any other of the many article directories. Link back to your main website!
This job is made even easier if you use a tool like RapidWriter or ArticleMarketingAutomation. These tools were used in the Laars Pool Heater example and the website is on Page 1 of Google and Yahoo in under 4 weeks. For proof, see the picture below. This website was created in June 2010:
That’s it! That’s how you market physical products. With 3-4 hours of work, you can have a website up and running and promoted to Page 1 of Google and Yahoo.
Now, none of these simple websites are going to make you a fortune, but each one you create will make you a few sales per month – and they will do it for years to come.
Rinse and repeat this process. You should be able to create and promote 2-3 sites per day. In two short weeks, you should have 20-40 of these sites established and your network marketing internet business will be bringing you in a healthy monthly income stream.
(If you would like to learn more about promoting physical products, learn from the same course that I did – the Consumer Wealth System. The course is dedicated to teaching you much more about promoting physical products. It’s made a big difference in my network marketing internet business!)
Build Your Network Marketing Internet Business By Selling Physical Products – Part 1
| Most network marketing internet bussinesses sell only informational products – products similar to those that you would find on Clickbank. And, it’s such a competitive market! | 
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After all, almost every internet marketing course teaches their students to sell these type of products. In fact, I don’t know of one beginner’s course that doesn’t.
That’s why I’ve lately started to change my marketing efforts and I’m moving towards selling more physical products. It’s much larger and much less competitive.
Last year, physical products were a 210 billion dollar industry while informational products were only a 1 billion dollar industry. That means that the physical product industry is over 200 times larger than the informational product industry! Here are some other reasons why I like the physical product industry:
- Higher traffic to sales ratio
- Less refunds
- It’s “Evergreen” – you can sell it now and years from now
- Higher quality traffic and buyer frequency
People much prefer to buy a physical product versus an informational product. With informational products, people are always searching the internet to see if they can find their answers for “free”. With physical products, people have often made up their mind on exactly what they want and they are searching the internet only to find the best place to buy it.
Yes, commission percentages are usually much lower when you sell a physical product compared to an informational product, but you need to think in terms of dollars, not percentages. If you sell a $400 Nikon camera and receive an 8% commission, you would receive a $32 commission. That’s still more that if you sold a $50 informational product that was paying a 60% commission.
My network marketing internet business will always sell informational products, but my business is definitely branching out more into physical products – especially those physical products that have a higher price tag.
Where do I find physical products to sell? Well, there are many affiliate networks besides Clickbank that do have physical products that you as an affiliate can sell. Sites like Commission Junction and Linkshare have physical products. But, I usually use a different method to find businesses that are looking for affiliates.
Let’s say that you want to sell iPhones or iPhone related products. All you have to do is go to Google Search and enter iPhones +affilates and hit “enter” and you’ll get returned to you a listing of sites that are looking for affiliates to sell their iPhone products. See the image below:
Another method to use is to enter iPhone “affiliate program” into Google Search. You’ll get similar results.
Before you start promoting any product, informational or physical, you have to do your research. Research is so important to a network marketing internet business.
I don’t like to promote products unless they are growing in popularity. If the industry is dying, it will be difficult to sell products.
The tool that I use to check this with is called Google Trends. It will show the strength of the market for any particular product for the past 6 years.
For example, I was considering to start promoting camping equipment until I did some research on Google Trends. See the image below to see the results I got when I entered “camping equipment” into it’s search bar:
Camping equipment appears to be a slow dying industry – see the downward sloping line? I was shocked! Now, that doesn’t mean I couldn’t make money in that industry, but unless something turns that industry around, my income from the efforts that I put into it would probably keep going down. I decided to look elsewhere.
Next, I entered “buy iPhones” into Google Trends search bar and I got the following results:
Not only is buying iPhones a recent industry, but it’s booming and appears to be growing. These are all good signs!
Now, all I have to do is set up a very focused, but simple website dedicated to one, high priced iPhone product and promote it. Building that site and promoting it should not take but about 3 hours to do. After that, my network marketing internet business will be promoting another physical product online that has money making potential for years to come.
*Read PART 2 of Build Your Network Marketing Internet Business By Selling Physical Products*
(Note: For those of you who may be interested, much of what I’ve learned about promoting physical products I’ve learned from a new course called Consumer Wealth System – it’s all about promoting physical products. No, it’s not free, but it’s certainly helped my network marketing internet business and it should help you, too)