Avoid the scams, find out which Business Opportunities actually work
31st August 2007
Filed under: Direct Mail,General Opportunities — Ben @ 6:34 pm

Here’s an interesting offer I got from Streetwise the other day (well, it was actually the second mailing – they must be testing as it was a different sales pack to the first).

It’s called the Information Entrepreneurs Circle and is offered by somebody calling himself “Michael Milligan” although I am pretty sure I known who is really behind it – a very big info publisher who “retired” a few years ago.

This opportunity is one which the market has been calling out for for a long time.

Once a month you get resale rights to a complete course that you can sell as you wish. The rights are quoted as having a value of at least “£1,000 to £20,000 PER LICENCE” so £197 per month seems like a great deal.

Oh, and you also have to give Streetwise 10% of everything you sell (not profits, 10% of your actual sales amount).

However, if the sales letter is to be believed, this is an excellent bargain and you should grab it immediately.

My doubts would be the usual – how on earth do you sell this stuff?

Each month you could get the rights to a great course including CDs, DVDs, manuals etc but if you don’t have a tip-top sales letter and good advertising then you’re not going to get anywhere.

Also, you’ve got to worry about the idiots who put each package up on eBay for pennies.

Example: I got the rights to a great home study course recently which had a suggested minimum price of $97. Two days after I took delivery, somebody has it on eBay for just $4.97 – you can’t predict how the lazy morons will use their licences…

But don’t let that put you off if you are serious about giving this a good go. There are lots of info publishers in the UK who have made a fortune from licencing so it can be done.

For the right person, and providing these products are good, this could be a real goldmine of an opportunity.

Unfortunately, Streetwise do not give you any details about the type of course you will get which is disappointing.

All they say is that each month you will get “‘How To’ products, usually with a money-making spin

It’s a mystery package that you get every month and could be anything (including stuff that didn’t sell well).

Why do I say that?

Well, I recognised the product licence offered as an example (even though they have tried to obscure the title of it) and it was one which I received a sales letter for just once. If they only mailed once, is that because it bombed?

In conclusion, I think this could be a great offer but that depends on how good the products are.

There’s no guarantee with this opportunity so you will have to pay for at least the first month but Streetwise are reputable and if you cancel, that will be it, you won’t get charged again.

Be aware though that “Michael Milligan” is probably a pen name and you may well need to sort out sales letters etc yourself.

If you do go for it, please do let me know how you get on.

For more information about business opportunities like the Information Entrepreneurs Circle, check out the free biz opps email newsletter today.

24th August 2007
Filed under: Internet Marketing — Ben @ 9:52 pm

Such is the cut-throat world of biz opps that in order to sell an opp it seems you have to over-state your earnings.

Nothing fraudulent, obviously, but a lot of promoters seem to constantly talk about how much they “pull in” rather than their actual profits.

The trick, it seems, is to word the sales letter so that a reader is given the impression that you are talking about your profits when you are actually talking about the total sales amount you made.

If your sales for any particular month add up to £5,000 but you spent £4,500 on advertising and other costs, you’ve only made a profit of £500. However, the common concensus would be to state your earnings as £5k on the sales letter.

The only way you can tell if the promoter is telling the truth is by looking at their accounts submitted to Companies House.

Unfortunately you can only do this if they run a limited company.

Take for example one enterprising UK internet marketer who as early as September 2005 was boasting about how he pulled in between £2,000 and £15,000 per month selling information products.

For £1 you can order this particular person’s accounts for the 2005-2006 tax year. If you did you would find that his total profit for the year was just under £4,000 – around £330 a month. In other words, far from the £2k – £15k claimed on his website.

So, this person may have “pulled in” £15,000 a month but he must’ve spent £14,000+ on related costs.

Not quite as impressive when you look at it that way…

Another biz opps promoter claims to make up to £25,000 a month but his loose talk on a forum reveals that the actual profit is closer to £1,000 after he has paid for all the incidental costs.

Unfortunately this particular marketer doesn’t run a limited company so his accounts cannot be checked but £12,000 a year isn’t quite as impressive as the £300k that his website suggests he makes.

Moral of the story? Well, don’t assume anything when you read a sales letter – some marketers use specific words and phrases to suggest that their earnings are higher than they actually are.

“Pulled in” usually means total sales, not total profit and as you may well know, advertising in the national newspapers and also via PPC can be very expensive…

 

19th August 2007
Filed under: Domain Names — Ben @ 12:24 pm

After attending a seminar in April I decided to look into the domain name market as a source of profit.

One of the little “niches” in domaining is the LLLL.com market – where you trade in short dot com domain names containing only 4 letters.

An example of an LLLL.com is bebo.com, another is zxyq.com.

Within the LLLL.com niche are several different sub-niches such as the CVCV, VCVC etc

V meaning “vowel” and C meaning “consonent”.

bebo.com would be classed as a CVCV domain whilst avuv.com is a VCVC.

I mention the LLLL.com market today because if registrations of this type of domain continue at the same rate, we will soon see a complete “buyout” of every possible LLLL.com.

At present there are just 17,000 or so still available out of 456,976 – under 4%.

All of the best combinations of letters have been registered and we are now left with many domains that contain lots of “non-premium” letters such as z, y, q, x and so on.

So, why am I telling you all this?

Well, a lot of people believe that when all of the LLLL.coms are registered, the value of them will increase steadily simply because you will have to buy them in the open market rather from a registrar such as GoDaddy.

I’m not too sure that this will happen but I have built up quite a collection of them myself “just in case”.

If you fancy trying some domain investing and have a limited budget then it may be worth checking out the LLLL.com market.

You can grab your first for $8 and then hold, probably for at least a year, to see if there is any profit in it.

What I would suggest is that you have a good read on a forum such as:

NamePros.com

And then, check out http://www.DomainProfitGuide.com for a step-by-step guide on making profit from domain names.

Let me know how you get on!

2nd August 2007
Filed under: eBay,Property,Spread Betting — Ben @ 8:23 pm

I’ve just put a load of business opportunities on eBay starting at just 99p each.

There’s a huge 2 day seminar featuring 5 different financial trading masters. It’s is presented over 12 video tapes and includes 2 huge ring binders full of notes from the event.

Then there’s another Vince Stanzione seminar which includes everything filmed ‘live’ on one of Vince’s Financial Trading Days where the ticket prices are £2,000+.

The Streetwise Property Entrepreneurs Home Study course is also available. This course is huge – over 400 pages showing you exactly how to profit from property.

Also, there is an excellent investing course which I got from the US – it’s full of information on how to make your money grow and retire with a massive nest egg behind you.

Anyway, there are loads of biz opps bargains to have so please check it out:

http://search.ebay.co.uk/_W0QQsassZben_catt

All the auction start at just 99p so you could well get one of these excellent packages for less than one pound.

Best of luck!

http://search.ebay.co.uk/_W0QQsassZben_catt

Oh, and I nearly forgot, any questions, please let me know!

1st August 2007
Filed under: Internet Marketing — Ben @ 6:36 pm

Just got an email through from one enterprising fellow who has decided to start calling himself “The UK’s Top Internet Marketer”.

I’m not going to mention his name because I don’t want to give him any exposure at all – but I can say that he is certainly NOT the UK’s top internet marketer. Quite where he got the idea that he is I don’t know.

No-one is backing up his claim… His sales page has no testimonials and he is demanding £4,997 for mentoring.

I have previously read one of his products and I wasn’t impressed in the slightest. It was poorly written and almost impossible to follow because of the lack of a promised “step-by-step” method.

Since then the only only product he has offered is a gambling-related software program sold from a very 90s-esque website (read: poorly designed and buggy with a Word document for an order form – you have to print it off and send it through the mail. Not quite “internet” marketing!)

What he’s decided to do is offer a “one-on-one” mentoring course for just 10 lucky students. For their 5 grand they get 12 one hour phone calls and 6 month’s “access” to this so-called expert internet marketer.

At least he’s trying I suppose but I can only see the most gullible of people even considering this poor offer.

This is a small part of his sales letter – note the cop-out where it comes to offering any proof that he has actually made more than one or two products:

“I’m [name removed], creator of the highly successful [product name], which along with several other cash-rich Internet ventures, have made me one of the UK’s richest and most formidable Internet marketers this decade.

As well as developing and marketing my own products, I have worked with and still do work with many of the top guru’s (sic) helping them develop and launch some of the most successful products on-line. (Due to contractual agreements, I am unable to divulge any specific product names or details)”

I’m extremely sceptical when people cite poor excuses like “contractual agreements” to avoid backing up their claims.

Mr Mysterious here does offer some proof that he is one of the “UK’s richest” internet marketers by showing some screenshots of a merchant account. Unfortunately, the most recent transaction on these pictures is from March 2006 so perhaps he hasn’t been very successful recently.

So, be careful if you get a typo-ridden email from someone you’ve never heard of who calls himself the UK’s Top Internet Marketer. I’m not convinced that he is I’m afraid, especially after seeing some of the awful sites he has thrown together…