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Going from one income stream to multiple income streams WITHOUT chaos

For years I’ve bombarded my audience with the virtually self evident rationale supporting the pursuit of “Multiple Income Streams” (MIS).

Stated simply,

Multiple automated income streams = Security
Only one income stream = Risky

If we can all agree on that point, then you’ll likely enjoy the rest of this article.

First I’ll dispel the biggest misconception about building multiple income streams.

FACT: If done correctly, generating multiple income streams online leads to SECURITY & LIBERTY of time & finance – it never feels like CHAOS.

There are numerous examples of success with this concept within our growing online community of online biz builders. Many of these success stories can be found in my $5 “Silent Sales Machine” book.

One important discipline that all “multiple income stream” biz builders have in common is that they control their schedules and commitments. They aren’t controlled by their schedule and they don’t operate in panic mode.

A true “Multiple Income Stream” entrepreneur approaches life with a harmonious blend of flexibility, discipline and creativity.

How do you get there form here if you are currently a one income newbie?

  • Start with a simple system that requires a part-time flexible effort. This is why we like to start our students out by teaching them to sell on Amazon or eBay.
  • As you start to succeed, hire help to do the stuff you shouldn’t be doing (i.e. putting tape on shipping boxes).
  • Create systems that others can take over. Only do what ONLY you can do.
  • Work ON your business not IN your business.
  • Stop being a control freak (aka being the only decision maker in your business).
  • A SMALL success in online business inevitably leads to numerous other opportunities. If your eyes are open (instead of looking down at a tape gun while you ship boxes yourself), you’ll see these opportunities everywhere!

The opportunity that lies ahead if you dare go down this path:

  • True schedule flexibility and financial security free from a “one stream” existence and the stress is causes.
  • Freedom to launch new income streams while keeping an eye on the other streams.
  • Partnership and growth opportunities like you’ve never imagined.
  • You’ll OWN your businesses. They won’t own you.
  • Imagine having a TEAM serving and delighting your customers instead of being a one man show!

What do you do all day once you have multiple streams?

  • Focus on the big three: Creativity, Leadership and Relationships – everything else can be done by others.
  • Looks for RIGHT ideas – not just “good” ideas, but RIGHT ideas.
  • Fill in where needed – tape boxes if the box taper is sick!
  • Find the weaknesses in your system and fix them.
  • Make mistakes and grow.

Let’s chat about it!

Here’s a Facebook discussion on this topic:
https://www.facebook.com/groups/mysilentteam/permalink/742614069188039/

Or post a comment right here on my blog.

Giving away free product in exchange for reviews on Amazon

Here’s a creative idea for launching a new or little known product on Amazon. Simply give your product away, or discount it, and then request reviews from those who benefited from your temporary promotion! Sounds simple right?

Not so fast.

Before I give you my words of caution, first I have some very good news. Clearly, according to Amazon’s own rules you ARE allowed to give away free or reduced price products and then request an amazon review in return. When done correctly, this is a brilliant strategy that can turn a relatively unknown product on Amazon.com into one that has the appearance of being “popular”.  That can be good for future sales, and this strategy is being used successfully by many Amazon sellers right now, but…

…most Amazon selling experts would urge caution (including me) when using this strategy. For those considering attempting this strategy, I’ve compiled the good, the bad and some resources for you to hep make a good decision and navigate the process without getting burned.

SOME REASONS IT’S A GOOD IDEA:

  • A bunch of reviews gets your product a lot of attention and better ranking
  • It also helps the product have more credibility
  • future shoppers are far more likely to purchase a highly reviewed product at full price

SOME REASONS IT MIGHT BE A BAD IDEA:

  • If you tell your “freebie seeking” promotion participants that they can only give you a “good review”, or if you refund them after their discounted purchase, or if you manipulate the system in any way that Amazon doesn’t like, you could put your account at risk.
  • If you use a third party service to help you do the promotion it could mean that a lot of other sellers will see what you are selling – and could potentially copy your efforts if they so choose (this is always a risk selling ANYTHING online though)
  • Other sellers have their doubts about using services like this, and we’ve got a great discussion going on this topic on Facebook (link below)

SOME CHALLENGES YOU’LL ENCOUNTER:

  • Where will your freebie seekers come from? Do you have a list? If not, we’ve partnered with a reputable service that can help. GreatDealsForHonestReviews.com is our domain name that redirects to the service we currently endorse. If that endorsement ever changes, we’ll point our domain name somewhere else.
  • How can you limit “freebie seekers” from wiping out your inventory?
  • You’ll want to limit the number of “freebies” your customers can get. Use a “promotion code” to control this. Log in to Seller Central and use this link to get all the details on promotions: Amazon Seller Central. Visit “Great Deals For Honest Reviews” to get details on our partner service that can help you navigate these details.
  • HERE ARE OTHER RESOURCES TO USE BEFORE MAKING THE LEAP:

    A good open discussion on this topic is happening in our Facebook group. Come see what other sellers and experts are saying. Facebook discussion

    Amazon’s guidelines in their own words (read all of this before attempting to pursue reviews for free or discounted product): Amazon Guidelines

    When you are ready to do a promotion, our currently endorsed provider of such services for sellers is here: GreatDealsForHonestReviews.com

    Did I leave anything out? Have questions? Feel free to leave a comment, or join the Facebook discussion using the link above.

Learning to sell on Amazon shouldn’t be a huge investment!

updated from a recent article:

Recently there have been a lot of courses launching claiming to teach success selling on Amazon. Some of these courses are getting the mega-launch treatment attracting multiple “big hitter” affiliates seeking the fat commissions on the very high priced courses.

What makes this disappointing is that many of these “experts” who are  promoting these courses have no qualifications at all to talk about setting up a legitimate business selling physical goods online.

If you want to spend thousands lining the pockets of experts who are only excited about their fat affiliate commissions,  while learning the same things that we teach around here in superior courses that cost 1/10th the price tag –  that’s fine, but after you read this at least you’ll know the truth.

In this blog post I’ll make a simple case as to why you should consider an alternative to the “big launches” and stick with the long time proven courses with long term established communities instead.

Consider the ProvenAmazonCourse.com course in this case if you are ready to learn how to sell on Amazon.  Ready to jump into Private Labeling?  Check out ProvenPrivateLabel.com (you can get both courses at an insane discount at ProvenPrivateLabel.com)

Or, don’t buy ANY course and just get going with one basic idea than anyone can use (one of multiple strategies we teach) – here’s an 8 minute video I made that’s getting great feedback so far. It shows you how to get started selling on Amazon at virtually no expense at all:

Make no mistake, there are some great courses, books and sites out there besides the Proven Amazon Course, and I won’t say anything specifically negative about my competition because I welcome all sources of creative content, but here are some factors that I think really set our Amazon training team apart from all other options out there:
  • For over a decade my team and I have been teaching everyone from newbies to our highest end clients how to sell physical products online. The PAC course has generated hundreds of incredible testimonials in the last 5 years, and the BEST students become our expert trainers.
  • We are always improving our courses. For example, we’ve just partnered with a world’s foremost expert on the topic of Private Label rights and he’s creating all original content for our students. He’s easily the most qualified expert in the arena of Private Label that I’ve ever encountered – he’s had huge success for years with it. If you were under the impression that selling private label is some sort of new discovery, it’s not. It’s also not the best place to start out on Amazon for the vast majority of people who are just getting started because it takes a LOT of work before you see results.  We aren’t hyping it the way you’ll see others hyping private label.
  • We don’t insult and hound our students with upsells (be ready for this if you buy most online courses in this niche). I don’t do upsells. We sell the course ONCE and students get all future updates automatically. No surprises.  Ask anyone who purchased the Proven Amazon Course five years ago how much the course has been updated, improved, expanded etc. They’ve not paid an additional dime since then for the new ideas.
  • We teach multiple product sourcing and selling strategies (most competing courses teach only one). We have a wide variety of successful students -  everyone from those who’ve built a virtually hands free operation & never leave home while selling into numerous countries, to those who love shopping retail for a living and finding great deals in their spare time (while making a great profit). Our success stories are quite diverse.
  • We offer hand holding coaching for those who want it. You can work one-on-one with one of our successful students if you want to ramp up quickly. Our coaches are ALL successful students who we pay well to assist newbies.
  • Our community is VERY international. This is a global opportunity. One of our most successful students literally lives on a beach on a toy island!  Where you live has nothing to do with your odds of success.
  • Our support team is the largest, most well trained and most experienced among all other “how to sell on Amazon” courses available. We have nearly 35 people who are in a paid position of support for the PAC as at least part of their responsibility while they build their own successful businesses as well.
  • Our community consists of over 8,000 serious online entrepreneurs many of whom are very successfully working any number of strategies in the Amazon niche (with no sign of saturation whatsoever because hundreds of millions of people are shopping right now on Amazon!)
  • While our courses are worth thousands, we are charging under $250 for them until 2015 – or get both for under $400.
Once you purchase, join our active community and you’ll be surrounded by those DOING this business who are proud to be a part of our community. Some of our customers have been around for 12 years or longer doing this stuff – these are the people you want to hang out with if you are serious.

You are not meant to be alone…

 

 

CES II DALLAS - #ces2dallas

See dozens more pics of CES Dallas by joining the “MySilentTeam.com” Facebook group (see link in blog post for details)

Wow – I’m still recovering from the week long adventure that was CES Dallas.  The core of the event was three intense days of incredible content, but for my family and I it was a 7 day adventure.

We spent time with some of the most successful, giving, friendly, powerful leaders, students, authors and experts in the world of Internet business.

This video explains it all, or read the quick summary below.

By any standard imaginable, the live event in Dallas last weekend was a raging success. You can see the hundreds of pictures, comments and discussions on Facebook and twitter by searching for the event hashtag “#ces2dallas”.

Here’s a link to the facbook group where 95% of all attendees hang out - if you aren’t a free member there yet, please join us (once you are in, search for the event hashtag #ces2dallas):  Click To Join th MySilentTeam.com Facebook Group

Screen Shot 2014-09-10 at 10.42.08 AM

I’m not alone! My crew and I travel as a pack and I’m so blessed to have them with me on trips like this! Andrea presented as well at the event in a break out session discussing family issues associated with being an “at home” entrepreneurial family/spouse.

I won’t even try to communicate in an email the mind blowing impact that the “CES Dallas” event had and will continue to have on every attendee, and probably the entire Internet biz community. I can’t help but feel we are raising the standard of what an Internet biz conference should look like.

In his opening comments, our keynote speaker Rabbi Daniel Lapin had us on the edge of our seats for two hours…and one of the biggest take aways for most people was the fact that in life as in business and in all other arenas, we are NOT meant to be alone. Solitude is poison, and as Internet entrepreneurs we have to resist the urge to “hide” and try to “go it alone”.

There’s something powerful about face-to-face meetings like CES. Because the core of our audience is made up of such passionate, caring, giving people, the atmosphere was alive and quite emotional at times in Dallas. It’s hard to explain, but from the pics and comments posted online you’ll get a feel for the impact of this event. Use the link above, and check it out if you haven’t yet.

So far 100% of the anonymous surveys we’ve gotten back from attendees have said they plan to come back next time!

If you have a couple minutes, check out that video above – in it I show you:

1. A brief wrap up of the event
2. How to stay a part of it all for free on Facebook, or take a more serious step and join my team and I in the launch of…
3. CESclassroom.com

CesClassroom.com

…and finally, allow me a quick shout out to our incredible sponsors who helped make the event possible and added so much value to the event:

http://jimcockrumevents.com/dallassponsors/

I want an Internet business. Where do I start?

I’ve been helping my readers and students launch successful online and Internet based businesses for nearly a decade. Even though I’ve been part of helping thousands of people achieve significant online incomes, I’m aware that much if not most of my audience is still stuck at square one for one reason or the other. This is a visual map to help you pick an idea to start with, or if you’ve had some success and want a new income stream you’ll find my favorites here.

Welcome to my “Opportunity Landscape” or “Opportunity Map”. A lot of thought went into this – I hope you like it.

This video explains the map:

At the bottom of this article you’ll see an older version of my map. Here’s the latest version:

Screen Shot 2014-03-11 at 11.54.19 PM

Did I leave anything out? Do you want more detail on any of these opportunities? Do you disagree with where I placed any of the opportunities? Let’s talk about it… (also – for additional reading check out this $5 book. It’s helped launch hundreds of successful businesses (if not more) online.

 

 

Scroll down for the old version of the map…

 

 

 

The Old Map:

Old Opportunity Map

 

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