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Friday, May 27, 2011

The “Sticky Business” Factor - Part 2


The “Sticky Business” Factor - Part 2
By Marc Charles


I received some interesting feedback on the topic of “sticky business” recently.

And a couple of readers wanted more clarification and specifics.

So I’ll focus on “sticky business” again. Hopefully you’ll grab something of value that applies to your venture. Maybe it’ll help reduce some of the stress of running your business so you can make more money.

If you own a “sticky business” …don’t worry.

There are advantages of making your business “less sticky”. This should make it more fun and profitable, not to mention help you sleep better at night.

In my view, a “sticky business” is one with endless tentacles, regulation, government red tape, overhead expenses, and endless paperwork.

Most “sticky businesses” are also lawsuit magnets, wasting time and money.

This doesn’t mean “sticky businesses” aren’t profitable.

In a previous essay I mentioned an entrepreneur making money hand over fist in the “stickiest business” I ever saw…..transporting hazardous (and nuclear) waste.

Another entrepreneur (consulting client) owns a chain of nursing homes. His ventures are not beautifully landscaped assisted living communities in southern Florida you see on CNBC.

No. My client’s nursing homes are in northern New England. These are the places senior citizens go when they’re out of money or have no place left to go.

I left one of his facilities in tears.

My client’s nursing homes are profitable. But he told me, “This business is a pain in the ass. There is endless government red tape, lawsuits, inspections, employee shortages, theft and a lack of professional help. I’m fed up but it’s all I know”.

My client’s business is super sticky.

Many years ago I launched a sticky business too. It was an office cleaning company in central Wisconsin. I started it from the trunk of my Plymouth Horizon.

There were five or six janitorial and office cleaning companies in the area, which convinced me there was a demand for the service.

In three years I became the second largest office cleaning company in central Wisconsin by doing a better job, focusing on people and charging less.

The business wasn’t “sticky” at first. In fact I had a lot of fun building it.

And get this…..

At first I purchased cleaning supplies, vacuums; carpet shampooers, brooms, buckets, dusters and mops for each office building so I could service my client’s buildings on my motorcycle!

When I sold the business my formula of making each office building self-contained became an industry standard.

Anyway, as the business grew it became “stickier”.  As the employee headcount grew, so too did the paperwork, complaints, accounting and scheduling nightmares.

Case in point….We often received “inspections” from Occupational Safety & Health Administration (OSHA). This was to insure we complied with the US Government’s standard for employee safety and health.  The inspections typically required 3-4 hours of my time and it seemed there were always fees or penalties to pay.

Another case in point….my business was audited by the Social Security Administration for “irregularities” in an employee’s withholding. We were cleared. Apparently an employee used a false social security number and tried to skip child support payments. Why an employer would be involved in this I still don’t know.

In my opinion, it’s tentacles like these which take the fun out a business and make it as sticky as pine tar.

I eventually learned to hire (and retain) great people to handle the stickiest parts of my business. And by “handle” I mean remove it from my thinking process.

But I still avoid “sticky businesses” whenever possible.

Here are some of the stickiest businesses I’ve been involved or consulted:

·        Nursing homes
·        Stock brokerage
·        Fish and seafood
·        Hotels
·        Restaurants
·        Ski resorts
·        Music festivals
·        In-home hospice and medical supplies
·        Online gambling
·        Retail stores (clothing, electronics and gifts)
·        Lottery ticket sales (online and off)
·        Adult products (don’t ask)

And as I said, a “sticky business” doesn’t mean it won’t make money.

Drug trafficking is the stickiest business in the world but it’s also one of the most profitable.

I advised one of my clients (hotelier) to dump the idea of putting a water park on his property. I said it would attract kids, problems and lawsuits.

He ignored my advice and the venture was wildly successful. Years later he sold it to an investment group.  My client took time out of his busy day to send me an email with the words “Ha Ha” in it…..the nerve. I’m not always right about the “sticky factor”.

Anyway, I try to steer clear of “sticky businesses” because of the potential problems, burdens and headaches. The endless tentacles, paperwork, red tape and lawsuit potential are not a good fit for me.

If you have a “sticky business” and love it, that’s okay.

But there are ways to make it “less sticky”, so you can enjoy it more if you so desire.

Here are some of the “non-stick” businesses I’ve been involved or consulted:

·        Information products 
·        Electronic publishing (websites, ebooks, newsletters, advisories and video coaching)
·        Consulting (all kinds of businesses….with a preference for startups)
·        Search engine optimization
·        Internet advertising
·        Search engine marketing
·        Programming
·        Game development
·        Internet and Cyber Security
·        eCommerce
·        Gambling
·        Organic farming
·        Affiliate Marketing
·        Currency trading and Forex
·        Search engine and “niche engine” development
·        Book sales (moving bookstore inventories online)
·        Specialty real estate (self-storage and government leases)

Another classic “non-stick” business is import export.

I realize import export market is normally seen as “super-sticky”.

But I discovered a “non-stick” angle to it. You can check it out the little-known details for this opportunity here.

The point is…

There are ways of converting a “sticky business” to the “non-stick” variety.

One way is to retain people to stress over the tentacles, headaches and paperwork for you.

For example, you can retain people (preferably from outside your company) to handle the heavy lifting, i.e. paperwork, regulations, accounting, legal issues or dealing with the government.

You could also remove yourself from the day to day operation, take less pay, and retain someone to run the business for you. I know it’s hard, especially when money is tight, but I’ve done it, as have others and you can too.

When it comes to reducing the risk of being a “lawsuit magnet”, you could sell this part of your business or revise the terms and conditions for obtaining new customers.  This approach won’t work for every business but it worked for my nursing home client.

In his case I suggested rewriting the terms, policies and procedures for accepting new residents. A competent attorney (with nursing home contractual expertise) could easily rewrite policies, applications and procedures to reflect your business interests.

I also showed him the benefits of retaining a professional staffing firm.

Granted, my client’s nursing homes would probably make less profit with an expense like this but the turnover might be reduced. When hiring is done in-house there is usually a bias. On the other hand, a professional staffing firm would remove the in-house bias and possibly attract top-level professionals.

Lastly, I suggested my client sell his properties, downsize and move to areas where it’s less expensive (and burdensome) to run nursing homes, such as Florida, Texas, Nevada and Alabama (or a different country).

Surprisingly it was this suggestion that appealed to my nursing home client the most; and he quickly listed three facilities for sale.

Every business has some “sticky” aspects to it.

I enjoy discovering “non-stick” or “less sticky” alternatives so entrepreneurs can reduce stress, make more money, and have some fun doing it.

Launching, running or even selling a business is hard work. But it’s supposed to be fun too. We shouldn’t be tossing and turning at 3:00 in the morning worrying about the octopus.

On top of that, if you can avoid “sticky” problems going into a deal or business, or make the business “less sticky” this might relieve some stress and possibly help you make more money.

For a sneak peak of the new “non-stick” business opportunity I discovered click here. 

Marc Charles is often referred to as "The King of Business Opportunities." He is a regular contributor to Early to Rise and The Liberty Street Letter. He's written dozens of bestselling e-books, courses, and special reports on business and moneymaking opportunities. He recently launched The China Wholesale Trader.














Tuesday, May 24, 2011

The “Sticky Business” Factor


The “Sticky Business” Factor
By Marc Charles

A business partner said my idea was too “sticky”.

He meant it in a bad way. But at least he said it with a smile on his face.

My partner was referring to a business with endless tentacles, paperwork, overhead costs, government red tape and a potential lawsuit magnet.

I’m sure you’ve heard about or been involved with a “sticky” business on some level.  I tend avoid them like the plague.

That’s why I was surprised when my partner suggested my idea was too “sticky”…..the nerve.
In my launching, reviewing and advising hundreds of business ideas and products over the last 29 years or so, only a fraction of them could be considered “non-stick”.

However, that doesn’t mean sticky businesses aren’t profitable.

The “stickiest” business I ever saw was also one of the most profitable….transporting hazardous (and nuclear) waste. 

The entrepreneurs who worked this venture could make $20,000 to $70,000 per load. The cost (and headaches) of running this business included retrofitted tractor trailers, maintenance (cleaning), drivers, government inspections, insurance, fuel, special licenses and certifications.
I wouldn’t recommend transporting hazardous waste for anyone without political connections, world class insurance, smart people and very deep pockets. 

On top of that, you’ll need nerves of steel. My friends were threatened, shot at and their transport vehicles were sabotaged. 

There is a boatload of businesses in the “non-stick” category. When I dissected the business idea I mentioned earlier for my partner he reluctantly agreed it wasn’t as “sticky” as he thought….the nerve.

Granted, nothing is “non-stick” or problem free all the time.

The bestselling “non-stick” frying pans rarely offer a money back guarantee should something stick.

A great “non-stick” business I found focuses on a hot rising trend called China. 

Actually, the business focuses on Chinese products, commerce and worldwide demand. I’ll tell you about it in a second. 

But first, I’d like to show you some new things developing in China right now. These things leverage the opportunity in a big way.

According the Financial Times China has opened the floodgate of cash reserves to get their “export machine” cranked up again. Apparently some Chinese (in powerful places) believe the financial crisis the last two years is receding. 

Money is flowing to entrepreneurs and businesses again like it did pre-2007.

Granted, Brazil is getting the lion’s share of attention (and money) lately because they’re surpassing the US as China’s largest trading partner.

But entrepreneurs in any country can leverage the China trend and a “non-stick” business I discovered by becoming a “finder”…..more on this in a second.

Another issue is China’s currency.

Import and export entrepreneurs are wondering if they’ll suffer a backlash over China’s currency policy. It’s a no-brainer Chinese wants to control the value of their currency (Yuan) against all other currencies.

But China’s currency has a couple of things going for it. First, China’s economy is relatively stable compared to the US and other countries, and second they have low government debt.

I’m not an economist…but a sound economy and limited government typically increases the relative value of a currency.

In real world currency trading China won’t be able to “control” much of anything, if they plan to do business with other countries.

But overall the Chinese currency should play a major role in international commerce in a good way.

China needs trading partners to survive. The country does not have the resources to be self sufficient. That’s a good thing for the “non-stick” business I found.

China needs to make and export products to the world, as well as import and consume them.

China is a living, breathing money monster which needs to be fed.

Lastly….China’s population is still growing like wildfire despite all the restrictions on having kids.

According to the World Bank China’s population was 1.3 billion in 2009 (1,356,359,928 as of January 2011).

And get this….

Chinese planners want to merge nine cities around the Pearl River Delta in the southern part of the country. This would create the largest “mega city” in the world with a population of 42 million people. This is greater than the entire population of California (39 million)!

China has unlocked the cash vault, the population is skyrocketing and they need trading partners to survive.

A “non-stick” business opportunity…..

The opportunity is about bringing buyers and sellers together and earning a percentage of each deal. This is also referred to as an import export “finder”.

I saw this opportunity in action the first time in Wausau Wisconsin.

The entrepreneur was making money as a “finder” connecting buyers in China with sellers in the US. His product was the herb ginseng. The buyers were Chinese distributors and retail stores.  

The herb ginseng is still wildly popular in China.

The import export “finder” opportunity is one of the hottest “non-stick” opportunities around.

By “non-stick” I ‘m referring to a business minus the tentacles, paperwork, inventory, buildings, employees (unless you want them), red tape, and massive overhead costs.
When you’re a “finder” you match buyers with sellers or visa versa and make money if and when a transaction is completed.

In most cases a “finder” simply facilitate deals or makes introductions to prospective partners.
And the best part is the lawsuit magnet aspect is almost eliminated.
Granted, one downside to this business is the learning curve…..and don’t kid yourself, it takes time. There are no exceptions if you want to learn this business.

But in my research I stumbled on a website which can accelerate the learning curve a hundred fold.

On top of that, I was so impressed with the impact the site, market and trend was having on entrepreneurs I developed what became known as the China Wholesale Trader.

The China Wholesale Trader is the most comprehensive resource library, how to course and interactive community in the world. See what entrepreneurs are saying about it here.

China is on the move again and there’s money to be made.

China was crippled by the financial turmoil over the past two years just like every else. But they’ve opened the cash spigot enabling companies to import and export products again!

In addition, there are more than 70,000 importers and exporters registered on AliExpress.com right now.

There are more than a million companies and entrepreneurs registered on Alibaba.com. Most of these companies and entrepreneurs are aggressively seeking business partners and deals as we speak.

People have compared AliExpress and Alibaba.com to eBay.

But the comparison is weak.

eBay focuses on the consuming masses. And eBay is a great place to sell imported products!

AliExpress and Alibaba.com focus on businesses and entrepreneurs.

This is one of the great “non-stick” business opportunities of the 21st century.

Is the opportunity a good fit for you? I’m not sure. But it’s worth a peak”.


Marc Charles is often referred to as "The King of Business Opportunities." He is a regular contributor to Early to Rise and The Liberty Street Letter. He's written dozens of bestselling e-books, courses, and special reports on business and moneymaking opportunities. He recently launched The China Wholesale Trader.

Friday, May 20, 2011

The Hottest Rising Trends and Business Opportunities Right Now!


The Hottest Rising Trends and Business Opportunities Right Now!
By Marc Charles

The world financial crisis deepens…….

Entrepreneurs are searching for new ways to make money.

What’s more, some people would be happy making a couple of hundred dollars each month, or launch secondary income streams.

I have the solution….it’s real simple…..

I’ve been launching, researching and testing businesses and products for more than 29 years.
I’m referred to as “The King of Business Opportunities” for good reason. Granted, I take the title with a grain of salt…..and a sense of humor.

But I’ve started, managed, bought and sold more businesses (great successes and pathetic failures) than most people. I’m honest, street smart and I tell it like it is. 

The bottom line is…….

There are ways to make money in the current economy

I’ve helped tens of thousands of entrepreneurs identify great business ideas and plans for almost three decades (and I’m a fairly young guy).

The businesses I’m focusing on today are simple, easy to understand and require very little start-up cash.

What’s more, the businesses have limited red tape, no complicated software and offer great upside potential.

On top of that, most of the businesses have a web-based component but I’ve included some legitimate “offline” opportunities too.

Let’s get to it….

14 hot rising trends and business opportunities for today’s economy:

Hot Opportunity #1
Internet Direct Response
Despite of the world financial crisis Internet shopping and sales has rebounded in a big way.
In fact, Internet ecommerce is at record levels and continues to climb.
Internet direct response businesses which offer high demand products at fair prices (and free shipping) are doing well – even in the current downturn.
Internet direct response includes selling products on eBay, Bing, Buy.com, Amazon.com and other high traffic shopping sites. But there are some little-known tactics and strategies almost no one knows about…until now.
Digital products are a hot rising trend too. This market includes ebooks, tutorials, software, and Kindle books.
ClickBank.com is the largest digital marketplace on the Internet, and growing.  

Hot Opportunity #2
Select real estate niches -- and the new "Exurbs"
Real estate is not exactly a low risk, low capital business. And yes…this market has taken a beating.
But entrepreneurs (including yours truly) are making money and leveraging opportunities in select markets and niches
The last frontier for real estate investors and developers may be the new "exurbs”.  The new “exurbs” are typically 3-4 hours from major metro areas but enjoy access to clean air, water and recreation. The “exurbs” often have access to small scale entertainment, education, community events and more.

Hot Opportunity #3
Personal, business and network security products and services
Personal security products were among the best selling products on eBay and Amazon in 2010.
Entrepreneurs are selling security products online and via direct mail, as well as through infomercials. Personal and business security products always perform better in a downturn.
Personal security products include guns, home security systems, dogs, armored products (Kevlar), mace, bodyguards, and tasers, etc.
Business security products include security cameras (web and WiFi), surveillance equipment, private security guards, electronic screening devices, fingerprint/retinal technology, dogs and employee training.
Network security products include software, encryption, telephone systems, backup storage, information forensics, offshore web hosting, IT administration, programming, hardware and consulting/integrators.
Security products and services is a worldwide hot rising trend. 

Hot Opportunity #4
Self storage real estate (and REIT) in select areas
The self-storage business often generates more revenue per square foot than resort casinos, medical office buildings, apartments, hotels, inns, cruise ships and government leases. It’s hard to believe but true.
The boom time for the self-storage industry was in the 1970’s and 80’s.
In the late 90’s and early 2000’s there was consolidation in the market and a rapid growth leveled off.
But that trend is back! Self storage real estate (and real estate investment trust) provides some great opportunities for entrepreneurs of every size.
Another trend in this market is “pods” or portable self-storage units. These are self-storage units which are delivered to a customer’s location..
The new "exurb" areas provide exciting opportunities for starting or developing self-storage businesses.
Self-storage REITs have made many people very rich – Google it!

Hot Opportunity #5
Commodity Futures and Forex Trading (especially energy, agriculture, precious metals and currencies)
Futures and Forex trading is one of the great “laptop liberating” businesses. You can run this business from practically anywhere in the world!
The futures and Forex markets are not dependent on a vibrant economy. Trillions of dollars are traded electronically every day…no matter what happens to the Pound, Euro or Dollar!
Granted, there is substantial downside risk trading futures and Forex contracts, don’t kid yourself. But you can reduce your risk and exposure like a professional.
You can start trading some markets for an initial investment of $5000 – and some brokerages offer accounts for $2500 ($1,000 for Forex).
On top of that, you can “practice” or “paper trade” before risking a dime too!

Hot Opportunity #6
Import Export Opportunities
There’s a misconception regarding the import export market. Most entrepreneurs think you need boatloads of money, huge warehouses, employees, special licenses and political contacts. Not so.
I discovered a way to profit in this market without stockpiling products, renting buildings or making a huge big investment.
What’s more, you can even make money in the import export market without touching a single product!
In fact, one of the highest traffic websites on the Internet is devoted to import export entrepreneurs - it’s called Alibaba.com
Granted, the major players like Wal-Mart, Costco, Target, Macy’s, Dollar Store and BestBuy invest billions of dollars into infrastructure and distribution.
But small entrepreneurs like Kevin and Lisa Hickey are making millions of dollars in this market by understanding how the game is played.  
You don’t have to be as big as Wal-Mart to make major profits in this business.

Hot Opportunity #7
Freelance EVERYTHING!
Writing, sales, consulting, programming, marketing, SEO and more….
Experts are calling it the Freelance Decade…..and for good reason.
Millions of people around the world are getting fired every month.  The way to make a stable, dependable income is to go freelance.
Heck….I’ll even show you how to submit winning freelance proposals to companies laying people off!
There are an abundance of freelance opportunities in practically every field and profession.
Freelance websites like Guru.com, eLance.com and CraigsList are among the top traffic sites on the Internet.
The trend for freelance workers is up!

Hot Opportunity #8
Prepaid Opportunities!
Prepaid cell phone, legal, medical and Web hosting to name a few
The "pre-paid" revolution is a HOT rising trend.
There are dozens of ways entrepreneurs can leverage in the pre-paid market 
The markets with the greatest upside potential are pre-paid cell phones, legal, medical, dental, web hosting, advertising, petroleum products, and utilities.
You can resell prepaid products over the web, by direct mail, kiosks, digital vending machines and through joint ventures.

Hot Opportunity #9
Pawn Shops, Check Cashing and Payday Loan Services
Pawnshops have a notoriously bad image. I suppose the iron bars on the windows and doors don't help matters.
Pawnshops and check cashing services in this economy are a hot rising trend.
On top of that, pawn shops are attracting middle and upper income people. The History Channel’s hottest show is Pawn Stars!
A new era of pawnshops are emerging.
Cash America, Ace Cash Express, Inc., and EZ-Pawn are three of the big players in this market.
But Internet pawn shops are emerging too.
DigiPawn loans money with domain names as collateral!
Pawnshops can also be a resource for items to sell on eBay, Amazon.com, Overstock and hundreds of other sites.
You can pick up high demand items like iPods, musical equipment, stereos, tools and jewelry at deep discounts and resell them on the Internet for huge profits.
Pawn shops –online and off – are a hot rising trend

Hot Opportunity #10
Search Engine Marketing and Optimization
There has NEVER been a greater demand for Search Engine Marketing (SEM), Local Search, Social Marketing and Search Engine Optimization (SEO).
If a business wants to be “found” on the Internet their websites need to be optimized for the major engines, social media sites and on video search.
There’s a huge, pent-up demand for SEO, SEM and social media services!
Business owners are starting to realize the power of local search offered by Google, Bing, Yahoo!, AOL, and high traffic local news websites.

Hot Opportunity #11
Health and Wellness– Fountain of Youth Businesses
The profit opportunities in this market are staggering.
Baby boomers refuse to get old! They want to look, feel and act younger. They want life enhancement products – and are paying to get them!
Products properly marketed to this audience via the Internet, direct mail, social media and some print media– are doing extremely well.
The health and wellness market is pushing $1.7 trillion.
Other low risk (low capital) business opportunities include home health care, medical tourism and retirement planning.
Patient advocates are another HOT new business service.
Patient advocates reduce medical and dental bills for their clients. Patient advocate compensation is based upon the amount of money he or she is able to save the client.
For example, if a client’s medical bill is $50,000 and the patient advocate is able to reduce that amount by $30,000 – the client agrees to pay a percentage of the savings – typically 5-15%.

Hot Opportunity #12
Information Products and Publishing!
Google may be the Great Answer Machine. If you type in any question into Google and you’ll see what I mean!
But Google doesn’t create or produce any content – it only serves what’s already been developed. 
Entrepreneurs who can develop, customize, package and market information products and publications direct to qualified buyers are positioning themselves for major profits.
The greatest opportunities in this market are digital.
But print is not dead yet. A good friend (and consulting client) publishes weekly print “shopper” newspapers throughout the US. My client is very smart because he owns all of the papers outright with practically no debt. He splits the net profit with “local” owners. He pays people above average and works hard to keep the best people.

Hot Opportunity #13 & #14
Online Gaming and Gambling
There are actually three Internets – not one!
The first one everyone uses for business, conversations, deals, and ecommerce (shopping), etc.
The second Internet is used primarily for research, news, articles, specialized information and for passively “surfing the web”.
The third Internet is going to rock your world!
If you have teenagers you already know what I’m talking about – Online Gaming and chat.
Online gaming is huge…..I mean really BIG. 

Right now – there are more than 40 million people gaming online according to Gamer World. But that’s only the tip of the iceberg.

It’s estimated that more than 100 million people are playing online games like Mafia Wars and FarmVille on Facebook!

You’ll see the whole gamut of online games like first-person shooter games, strategy games, cross-platform games, browser games and multi-user real-time virtual world or MUDs.

But how to you make money from online gaming and gambling?

There are several ways to profit from online gaming.

Some of these ways include advertiser supported gaming portals or newsletters, blogs, forums, and podcasts. You can also profit building applications and tools for online gaming.

A good friend of mine is making money building iPhone gaming applications!

These are the fastest and easiest ways to make money but there are more.

Online gambling is illegal in many countries but that’s not stopping people from doing it in countries where it is LEGAL. There are several ways to make money with online gambling without placing a single bet!

That’s it!

I hope one of these opportunities is a good fit for you.

You can make money in today’s economy. The key is focusing on businesses in hot rising trends.

Most entrepreneurs lose because they refuse to adapt to trends.

I’ve outlined 14 specific hot rising trends and business opportunities to help you make money in the coming months!

I hope this helps.

Your humble host…

Marc Charles


(Ed Note:  Marc Charles is referred to as "The King of Business Opportunities" ....and for good reason. He's launched, bought, sold reviewed and advised on hundreds of businesses and money making opportunities. He understands legitimate opportunities. Marc has written dozens of best selling ebooks, courses, and interactive products on money making opportunities and businesses. He’s a regular contributor to Early to Rise, The Liberty Street Investor, The Internet Edge and AskMarcCharles.)

Saturday, May 14, 2011

A Fortune Waiting to be Made

Hi Gang:

I've enclosed an issue of Sovereign Man with Simon Black.

It has great insight on making a fortune in agriculture in the next decade.

Your humble host.......

Marc Charles

______________________________________________________


Sovereign Man

Notes from the Field
Reporting From: Asuncion, Paraguay

Jim Rogers saw the writing on the wall for America several years ago.  He uprooted his wife and family from New York and went where the opportunity was-- Singapore. Rogers has famously said that the best career advice he can give a young person setting out to make a fortune today is to become a farmer.

Unlike some news anchors, who seem to take the comment in jest, I believe he is completely serious.  Forget investment banking, derivatives trading, or managing a hedge fund.  The big fortunes of the coming decade or two may well be made in agriculture. 

Those quick to dismiss the notion assume this means toiling in the fields all day from dawn to dusk.  Wrong. There are MANY ways of making a buck in farming and agriculture. 

Farming itself is just one part of the supply chain.  You could supply seeds, chemicals, fertilizer or stock feed.  You could breed some exotic variety of cattle or pigs.  You could provide logistics services to get products to market.  You could even set up a fund to invest in agribusinesses on behalf of others. 

There are literally dozens of ways to play this. 

I just finished reading an uplifting account of a young Filipino entrepreneur (only thirty-one years old) who's well on the way to floating his diversified agribusiness company on the Philippine Stock Exchange for P2 BILLION ($46.5 million).

In just 7 years, he's grown the company, which does everything from selling livestock feed, to running rural supplies stores, to raising chicken hatchlings. 

Annual sales have increased 9-fold from P200 million to P1.8 billion. Profits this year should hit P137 million based on company projections. By 2013 they're targeting P425 million.  That's US$10 million, give or take, in net profit, all from doing something very basic.

Put simply, so little new blood and talent has entered the agriculture business in the past generation that many business practices remain stuck in a time warp.

How many people do you know who majored in agricultural science at university?  How may people can you think of who stayed on to run their parents' farm, or returned to the land to run their own business? 

Now, compare that to how many bankers, brokers, accountants, and lawyers you know...

Ten years ago, NOBODY studied geology and people looked at you as though you had two heads if you said you wanted to be a mining engineer. Today, agriculture is in the same boat, and the complete dearth of new talent in the agricultural industry is a sure sign to me of the wide-open field of opportunity.  

In the Philippines, so low-hanging was the fruit -- if you'll pardon the pun -- that this young entrepreneur I just mentioned was able to double profits at his parents' farm supply business when he took it over, simply by installing some off-the-shelf accounting software.

You may think this is an extreme example, but I can tell you that there are dozens of countries in the same situation. Paraguay is one of them.

We talk a lot in our discussions about 'adding value' as a means to generate income, either as an employee, professional, investor, or entrepreneur.  This is an important principle to understand because being able to generate independent income is absolutely necessary to become more self-reliant.

I'm quick to point out that the value creation process is often derived from solving problems-- the bigger the problem, or the more people it affects, the greater the value created... and hence, the greater the reward.

Quite simply, there are a lot of problems to be solved in developing markets-- lack of modernization, lack of technological know-how, lack of best business practice know-how, lack of financing and appropriate capital management, etc.

These are often second nature to many westerners who typically have both the knowledge and experience to make a big difference, and hence create a lot of value, overseas. One just needs the courage to do it... and prove Jim Rogers right.


Until tomorrow,
Simon Black

Simon Black
Senior Editor, SovereignMan.com



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Monday, May 9, 2011

The PERFECT Business

Hi Gang:

I'm a fan of Richard Russell.

But especially his insight of the "perfect" business.

Reposted on Lew Rockwell's site :
http://www.lewrockwell.com/orig12/russell-r7.1.1.html

Have fun and play nice!

Marc Charles

Monday, May 2, 2011

“Can an Entrepreneur REALLY Make Money with ClickBank”?

Reprinted by permission


“Can an Entrepreneur REALLY Make Money with ClickBank”?



8:11 AM

Question: Some people are making outlandish claims about making money with ClickBank. I’m looking for an unbiased opinion. What’s your take? Can an entrepreneur really make money with this thing”?
E.P. Springfield MO

Dear Entrepreneur:

Thanks for your question! It’s on other entrepreneur’s minds too.

I’m not sure if my response is “unbiased” because I’m a big fan of ClickBank.

But I’ll give you my two cents – good and bad – and you can take it from there.

Here we go….

People can make money with ClickBank. I’ve helped hundreds of people do it, including friends and family.

One of the biggest advantages of ClickBank is the limited downside risk and expense.

You can set up shop for under $100 and the upside potential can be significant.

What’s more, if you develop an information product for the ClickBank Marketplaceand it turns out to be a bestseller -  you could attract hundreds, thousands…and even tens of thousands of affiliates to sell your product for you on a commission only basis.

Making Money with ClickBank is Easy – But Don’t Be Fooled!

In addition to making money with info products on ClickBank, you can also produce a nice residual income too.

Here’s what I’m talking about….

You can develop an e-book (or retain someone to do it for you) or digital product (like software, tutorials, an e-mail newsletter, or digital videos) post it on ClickBank and generate residual income for months, years... or even a lifetime (or for as long as ClickBank stays in business)!

In 2001 I developed a digital product which generated a residual income on ClickBank for more than nine years. I received a royalty check for this product from ClickBank for 110 months!

On top of that, on ClickBank you’ll have access to more than 100,000 eager affiliates who can also sell your product for you!

It’s What I Call E-A-S-Y

Most of the digital products on ClickBank are about 50 to 200 pages in length.

But the length can include diagrams, images, graphics, illustrations, and pictures, etc.

And like I said….if your product resonates in the market there’s a good chance ClickBank affiliates will start selling it for you!

How do affiliates find my product and start selling it?

ClickBank affiliates are a savvy bunch of marketers.

They’ll scour the ClickBank Marketplace for the most profitable products.

So don’t worry about affiliates finding your product…..

But that’s not all…

You can also “jumpstart” the process by advertising on ClickBank, or on hundreds of other top digital marketplaces. You can even promote your product or someone else’s product on Google, Yahoo! and Bing (to name a few).

Granted, Google has been a pain in the ass lately when it comes to ClickBank affiliate promotions. But if you follow Google’s guidelines and don’t try and trick them…you’ll be fine.

You see… the most popular (or best selling) products also rapidly move up in the rankings on ClickBank.

It should be no surprise the ClickBank affiliate program has one of the lowest attrition rates in the business. The attrition rate is the rate people quit, unsubscribe, or lose interest.

The entrepreneurs who sign up as ClickBank affiliates tend to stick with it.

I think the main reason for this is because ClickBank pays affiliate commissions accurately and on time.

Here’s an Example of a ClickBank Affiliate Payout:

Product:
Mass Money Maker: Retail Price $37
Affiliate Commission: $19
Plus 60% commission (up to $314) on the backend product
5, 276 affiliates are currently promoting and selling this product

Granted, an affiliate commission of $19 does not seem like much.

But if marketing efforts produce 50 sales a month we’re talking serious money.

On top of that, once you implement a marketing system (I’ll show you how) your commission payments can be sent on auto pilot.

One reason the ClickBank affiliate program has such a low attrition rate (people quitting) is because it’s so damn easy to make money! People tend to stick with something if they see actual sales and cash.

I’m not kidding!

Targeted (Relevant) Information is a Rising Trend

So why not consider developing an e-book or digital product to generate residual income?

The BEST way to research and/or develop a profitable or saleable ClickBank product is to STEAL IT!

Well…

Not exactly steal it… but COPY the most successful products. I’m not talking about word for word plagiarism.

I’m talking about copying the “Big Idea” of a product, the essence and putting your own spin on it.

I shared this insight at an Internet Marketing Conference recently…and people swarmed me for an hour after my talk!

All you need to do is search ClickBank categories and study the MOST successful digital products… it wouldn’t hurt to order a few products too. This will help you “see” how the system really works….and you’ll benefit from the content too.

Searching ClickBank for bestselling products will you a ton of time and money because you won’t have to reinvent the wheel.

You can also hang out on the new  ClickBank Blog. On this blog you’ll learn the best strategies and products right from the horse’s mouth (ClickBank staff and Super Affiliates).

As you can see, when you work with ClickBank you’ll be in control of your product and retain a lion’s share of the profits!

On top of that, you won’t have to recruit your friends, neighbors, or relatives in order to make money with this thing.

Your humble host,

Marc Charles
http://www.marccharles.com
(Ed Note:  Marc Charles is referred to as "The King of Business Opportunities" ....and for good reason. He should be known as "The King of Legitimate Business Opportunities"...because he's launched, bought, sold reviewed and advised on hundreds of businesses and money making opportunities. He understands legitimate opportunities. Marc has agreed supply League of Power members with crucial updates regarding legitimate business and money making opportunities.)


***** Action Strategy *****

ClickBank offers a viable money making opportunity.

If you develop a digital product for ClickBank Marketplace and it becomes a top seller you’ll have access to more than 100,000 eager affiliates. The affiliates will sell your e-book for you on a commission only basis.

That’s a big deal.

But that’s not all……

You can make money if you never write or develop a digital product too!

That’s right.

You can promote and sell other people’s bestselling products and earn a handsome commission in return.

But it gets even better…..

Some products have wildly successful “back end” or “recurring” products too. Once a prospect makes a purchase the potential exists for residual income for months or years!

*****Valuable Resources*****


Other Digital Marketplaces

Zipidee (ebook section)
Amazon.com Kindle eBook Store (You can resell ebooks as an affiliate!)
LinkShare (Similar to the ClickBank Affiliate Program – wide reach)
Commission Junction (again… similar to ClickBank… and good)

Other Digital Affiliate Programs and Directories
AffiliateScout (affiliate directory)

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