(Or Sadly At Least Some Of Your Major Competitors Will!)
You definitely have to admit entrepreneur. The very thought of there actually being some type of hidden profit centers of any kind. Currently buried in your current or future business and or service.
Is definitely intriguing is it not? I sincerely hope so. Granted, I’m not loosely suggesting there’s a freaking untapped fortune currently buried in your business and or service.
But more than likely there is definitely some realistic opportunities to generate more profitable front or long term back end cash. But not for those of us who simply can’t or refuse to see them. 😀 Are you ready to proceed?
Let’s Talk About Tapping Into Some Potentially Profitable Hidden Income Streams!
Ladies & gentlemen have you seen these really effective book sale offers. Where the author. In this particular case. mega best selling author real estate investment guru Dean Grazioso.
Promotes one of his latest best selling books. Or an extremely time sensitive bundle package. Where he offers two or three of his best selling books.
In a special package. Where he charges his actual hard costs. Plus X amount of dollars for reasonable shipping costs. The point being.
In Dean’s particular case. He typically offers his latest book to the 1st 100,000 or X number of callers to some toll free number. (And of course his expert marketing team pays X for the cost of the toll free lines, correct?
You Don’t Really Have To Generate All Of Your Gross Profit On The Initial Front End Of Your Sales Funnel! (Do You?)
In the case of extremely sophisticated marketers like Dean. The brutally honest answer is an emphatic no. Case in point. And as usual. These hypothetical marketing examples are strictly illustration purposes only.
Here are at least a couple of potentially profitable marketing alternatives. Which can at least be inexpensively tested. Let’s say a completely different company.
Which provides vendors with toll free numbers. They approach Dean or some other mega best selling authors. With the following Joint Venture (JV) offer.
They will gladly provide their best toll free lines. (Either free of charge. Or for their actual hard cost.)
In exchange for being able to sell one of Deans, (or mega best selling author X’s) best selling books, courses, paid membership plans. Or their newsletters etc.
In Deans specific case. They want to be able to offer one of Dean’s best books. Strictly as an extremely time sensitive upsell offer.
Constantly Be On The Lookout For Simple Ways To Either Generate Leads Or Additional Income!
Let’s say Dean typically offers his latest best selling hard cover book for $24.95 or X. Dean recognizes he can potentially sell an additional 25, 000- 250,000 books. (Or even more! 😎
Simply allowing the toll free numbers providers. Buy the books plus shipping. For just $5.95 each. And immediately resell them on consignment from Dean. For just just $17.95 each.
The general public saves the retail difference in price. Instead of paying $24.95. Plus $7.95 for shipping. Instead they only pay $17.95. Plus $7.95 or X for shipping.
And the toll free number vendor subtracts their actual hard costs 1st. Then pocket the difference. Plus both they and Dean included one of their best market tested flyers inside the mailed out offer.
Dean keeps 100 or X% of the initial front profits on his mailed inserted offer. And the toll free vendor. They generate some type front end JV or affiliate income from the extremely time sensitive, inserted offers they include. 😀
Plus Deans company also generates additional opt in email subscribers to his database.
The Question Isn’t Whether Your Business Or Service Has Previously Hidden Income Streams! (It’s Whether Or Not You and Or Your Major Competitors Can And Do Recognize What To Do With Them!)
Plus entrepreneur. Hopefully you’re still paying close attention here. 😀 If need be. Dean could create at least two totally different on or offline databases.
And have completely different offers. For those prospects who actually spent X to purchase Deans book. And the prospects who simply called a toll free number and got on his list. In order to get the book free.
But only paid X to cover the shipping costs. They automatically get offered a free 3 or X month trial subscription to his paid monthly membership site.
For that particular group of prospects. Dean monitors how many actual upgrade to at least a paid one year membership. Closely monitoring his numbers will reveal a whole lot, agreed?
Ladies & gentlemen are you starting to better appreciate ‘how to” maximize some of your previously hidden profit centers? I sincerely hope so.
Don’t Think It’s All About Super Fancy Technology! (Because It’s Definitely Not!)
P.S. Now as is customary during this part of our show. Please share your extremely valuable comments (in the comments section below) that you can apply to your business, product or service in the next 30 days or less!
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