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Online Wealth Growth With 3 Powerful Strategies

PostDateIcon May 5th, 2009

Regardless of the size of your online wealth business, there are only 3 ways to grow your business:

1. Get more customers
2. Increase how many times a customer buys from you
3. Increase the transaction amount

Now, most people focus on trying to get more new customers, even though methods 2 and 3 are easier and less costly. Typically, one of the most costly ways to grow your online wealth business is to get more customers, yet that’s what everyone tries to do.

Instead, you should look at each method and grow your business with the goal of generating the most profit with the least amount of effort. At least that’s what I try to do.

Let’s take a look at each of the 3 methods in more detail. Another problem with getting new customers is that many businesses just focus on 1 or 2 ways to get new customers. What happens if things change and those sources no longer work as well? They’re left scrambling and could lose everything. You wouldn’t invest 100% of your savings in a single stock or investment, or at least I hope you wouldn’t, but that’s another discussion.

You want to have multiple streams of traffic, just like you want multiple streams of income and diversified investments.

If you want to grow your online wealth business by increasing how many times a customer buys from you, it’s really not that difficult. Make sure to follow up with your customers via email, direct mail, and other methods. Look at your sales funnel and your products. Do you start out with free “products”, then have a low-entry product, a mid-level product, and higher priced products? How do you move your customers through your sales funnel?

Consider adding a continuity program, either a web-based membership site, a print newsletter, a CD or DVD of the month club, a monthly auto-ship of your product if applicable, etc. Auto-bill your customer each month. Continuity programs are great because they provide a predictable income stream. Your accountant will love this approach!

Last, but not least, you can grow your online wealth business by increasing the transaction amount. I love this one because it can be 100% free and it’s simple to implement. There are 2 approaches here, upsells and cross sells. When someone signs up for your free or low cost product or service, immediately give them another offer for a higher priced option at a special price that is only available to them at that time.

You can also offer an extra product or products during the checkout process to increase the transaction amount. Be careful with this one and don’t get carried away. I’ve been through some checkout processes where the add on offers seem never ending and I get frustrated and decide not to buy at all.

If you are not implementing all 3 of these strategies you are leaving business on the table.

To receive the information series “Top 15 Ways To Grow Your Business Online“, send an email to kw-online-mktg@aweb.com.

If you want to learn more from Karen on growing your business online visit her blog at http://www.KineticWealth.com/blog.

Karen Sielski is a passionate online wealth builder, using her 20+ years in the high-tech industry to help small businesses, entrepreneurs, and online network marketers successfully grow their businesses online.

Karen can be reached via email at karen@kineticwealth.com

Article Source:http://www.articlesbase.com/wealth-building-articles/online-wealth-growth-with-3-powerful-strategies-896737.html

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Why I like Robominer
In the Forex marketplace, almost every week we see the release of some new trading system or Expert Advisor (an EA is an automated forex trading robot). Some of them work while most of them don't. However there is one EA that has been constantly making profits over the last year, generating over 86,908.00 pips in profit, and generated a 314% return in just 12 months, according to company figures.

This system that only a few seem to know about is RoboMiner. The RoboMiner EA is a long term investment system that pumps daily small profits into your account, it always closes trades with a profit. That's right, you will never have any trades close with a loss.

The RoboMiner EA uses a proven grid trading system that is so safe, it's as if your money is in you IRA account. This system generates a minimum 6-10 % return monthly, with compounding that's 100% return a year.

Let's do the maths here. If you invest $2,000 today, in 9 years from now that will turn into $1,000,000 minimum. Where else can you find such a safe investment that will give you this kind of return?

Best of all you can download a free demo of this EA, test it for as long as you want and see for yourself how it performs.

So go ahead and try the RoboMiner EA today. Click here to download a FREE copy of RoboMiner. You will never have any trades close with a loss.
What Are The Best Forex Robots?
Watch out. The only thing that some "autopilot" forex software products will do for you is... analyze the market. Sure, that's great because when a computer does all the analytical work for you, you don't have to sit in front of a screen looking at charts and candlesticks for hours on end.

But a ROBOT program goes much further.

Forex robots will actually DO THE TRADING for you, as well as the analysis work. A well-written Expert Advisor (EA) will buy at the right time and sell at the right time. It's the ultimate in hands-free currency trading... as long as it's a well-programmed forex robot.

So what are the best forex trading robots available today? I've tried several but only identified one I am happy with at this point... RoboMiner. It primarily works with the AUD/NZD currency pair and is programmed to only trade when you will make a profit. It takes profit when a trade has reached a 1.5% profit.

Why I don't like these EA's

PipsMiner. I first used the wrong settings and as a result lost money. Then I corrected my mistake and entered their recommended settings but still lost money with PipsMiner SE version. Here endeth my very brief PipsMiner user review.

Forex Megadroid. I was running the default settings in demo mode and it didnt turn a profit for me, so I got a refund from ClickBank. That's the nice thing about buying through ClickBank. Although the site promises world class support, it fell far short of that in my experience.

ForexBling. Support was inadequate. I had several questions about setup, but they were answered in just a few words when my questions really needed more info. Even the brief answers did not address my actual questions in some cases.
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