By Tuesday, October 21st, 2014 | Comments Offon
Have you ever wanted to create a new business or raise money for a startup, but simply had no idea where to start? The good news is that there are plenty of options for people to access money when they are in need, or wanting to start a new business. From friends, family, banks and even pitching your idea to VCs in Silicon Valley, it’s all possible. However, all of these methods also have downsides and no one really ever wants to ask anyone for money. Your best bet would be to look your options around you, things you could possibly sell and how to use your expertise in the process. This is exactly what we are going to be talking about in the latest episode of the Rise of the Entrepreneur.
Rise of the Entrepreneur – Episode 38 with Carl Forrest
Carl Forrest is the co-founder of DataSetGo, a data analytics companies that helps businesses better understand their customers and how to improve profit margins. In addition to being the co-founder of the company, Carl is also a comic book mogul and lover of analytics. While millions of people are running their own business today, the interesting story usually isn’t what they are doing to day — but instead how they got there. Carl’s story is one that grabbed my attention because he was able to fund his startup by buying and selling comics through offline sources and making huge profit margins through eBay. It sounds easier than it was, but because of Carl’s dedication and love for both comics and data analytics, he was able to combine the two for massive success.
Talking Points Discussed in this Episode:
- Carl’s first jobs in the world of data analytics
- Experience and lessoned learned during BP’s oil spill
- Starting a recording studio from his college dorm
- How a love for comics books helped fund his startup
- The importance of knowing your audience and following up
- Data analytics and how businesses should be using it
- Three great Q&A questions for Carl in the Pit of Fire
Mentioned URLs and Resources:
LET ME KNOW YOUR THOUGHTS!I can’t thank you enough for listening in to the thirty-eighth episode of the Rise of the Entrepreneur. The podcast is currently available through iTunes (usually ranked in Top 50 in BUSINESS) and has already been downloaded in over 100+ different countries! Be sure to check back often as a new episode will go live every TUESDAY. You can listen to each of the episodes through the blog or itunes, stitcher etc. * Please subscribe through iTunes by clicking here. Until next time, be sure to share your comments below and spread the word around about the podcast — as you, the listeners are the future and voice of the show! The post ROTE 038: Carl Forrest and Selling Comic Books to Fund a Startup appeared first on Zac Johnson.
By Monday, October 20th, 2014 | Comments Offon
Let’s just say that your monthly affiliate earning has never crossed $500. But the bills are on your neck. You want to buy that new training course but no extra cash to do that. Your web hosting provider is threatening to cut you off their server and you’re scared of losing your useful blog content. What is left for you? The only solution is to triple that income. So instead of expecting a $500 check, you can expect $1,500 – is it possible to increase your income in as little as 30 days? Absolutely yes! In fact, you would be so surprised to earn even more than that, just by applying a few of these 6 smart techniques. Let’s get started with #1:
Add an upsell
Amazon is a company that uses upsell to sell their online shoppers more products. Upselling is the process of recommending other relevant and usually high-priced products to your customers. You could sell a bundle also – as shown in the screenshot above. For instance, before a potential customer who purchased your software hits the checkout page, you’ll offer a one-on-one skype coaching to them. See an example here. Through that coaching, you’ll explain some complicated issues, terms and how to get the most results out of your software or any other product you’re offering for sale. As a freelance writer, I usually offer to write the first 1 data-driven blog post to the first 10 buyer to help them make more money. Does upsell work? From 2006 – 2013, Amazon recorded a profit growth of $74.45 billion and they give 85% credit to their upsell strategy.
Write step by step tutorials
Target ‘buyer intent’ keywords
Start targeting keywords that reveals the intent of buying. For example, can you differentiate the intent of these two keywords?
- How to make money online
- Best money making programs
Set up a backend offer
Hoard your vital information
Use paid traffic