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Jim Cockrum
"Hey" "Guru Name Here"
You suddenly lose all your money, along with your name and reputation, and only have your marketing know-how left.
You have bills piled high and people harassing you for money over the phone.
Plus, you have a guaranteed roof over your head, a phone line, and an internet connection for only one month.
You no longer have your big guru name or JV partners. Other than your vast marketing experience, you're an unknown newbie.
What would you do, from day 1 to day 30, to save yourself?
Joe Kumar
Answer – By Jim Cockrum
For this experiment I assumed that not only had I lost my database of names and contacts, but I also lost knowledge about Internet Marketing. I tried to put myself in the shoes of a true newbie. I tried to truly start from scratch and give the same advice I would give (and have given) my friends and family.
My solution starts on eBay because that where it all started for me. eBay get's millions of visitors monthly and as a result it is a great place to lay the foundation for ANY Internet business. Even the most inexperienced of Internet entrepreneurs can be up an running very quickly on eBay with REAL results.
Also, a business on eBay is one of the few ways that ANYONE can gain credibility as a legitimate business on the web. The reason for this is the feedback system that eBay uses.
Here's an article I wrote several months ago about the eBay feedback system:
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"The feedback factor"
Every time two people do business on eBay they get to leave feedback for each other.
This is a very cool thing.
One of my favorite features on eBay is the feedback system. Are you as amazed as I am by those hardy few eBay sellers that have achieved multiple thousands of eBay transactions with an impressive record of 99.9% positive feedback?
In the eyes of someone who is new on eBay, a small handful of positive feedback on your account makes you look very impressive as well.
That's called 'credibility'. It's rare on the internet.
Have you noticed the sites scattered all over the web desperately pleading with their would be customers to believe their lofty claims about how great their product is? They offer up testimonials from people we don't know and can't contact. Are these testimonials from real people? We will never know...
These web sites need an eBay account!
They need to sell their 'amazing' product on eBay and face the fire called 'eBay feedback'!
Those that truly have a good product will come through the trial better than ever. They will have REAL feedback from REAL people. We will listen when they talk!
Those that fail the test...well, we know what they are selling don't we?
I'm proud of my eBay feedback - be proud of yours and PROTECT it.
=======================
As your reputation on eBay grows you gain credibility and you grow your customer base.
I don't advocate relying on eBay 100% for your online success, but if you ignore eBay you are ignoring a great source of leads, newsletter subscribers, and easy profits. The reason I believe you shouldn't rely solely on eBay is quite simple. Those that do so spend A LOT of time earning the money they make. It's too much like having a J-O-B.
How do you get to the point where you can enjoy the Internet lifestyle we are all searching for?
Here's my answer to Joe's question:
Day 1 - 4:
Don't quit your job if you have one. There are very few if any legitimate 30 day success stories on the Internet. It takes time, a good reputation, creativity, and the right niche. I dare anyone to prove me wrong. I had a full-time job the first 3 years I ran my Internet business. I had no idea that my eBay business would turn into the HUGE opportunity it has brought me today. All I did was listen to my customers and give them what they wanted. From there I built an empire.
Having a 'real job' that is less than perfect will motivate you to keep your Internet business growing!
Step one: register on eBay as a seller.
Here's a link to register:
http://pages.ebay.com/education/howtoregister/index.html
Get comfortable searching for products that interest you and place a few bids. Contact a few sellers and ask questions.
Read the help menu - learn how to sell on eBay.
Here's a great "how to" page regarding eBay:
http://pages.ebay.com/community/answercenter/index.html
You'll find the help menus on eBay really do provide a lot of very helpful free information about the basics.
Day 5-30:
Put items up for sale on eBay. If you don't know what to sell here are several ideas:
Check out:
http://www.auctionkeyword.com/ to find out what is being searched for on eBay by customers
www.7dayebook.com to get ideas on an eBook you might sell on ebay
http://www.ebsdiscounts.com/ - find out what sells best on eBay
My soon to be released book "50 Free ways" will also help you get started on eBay. It will give you many great ideas that have been sent to me by other eBay experts as well as those that read my newsletter. The book release will be announced in my free eBay success newsletter called "Creative eBay Selling". To subscribe to the newselleter visit SilentSalesMachine.com.
Day 10 and on:
Some Creative eBay strategies:
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1. Find a partner on eBay that you can introduce to the power of tapping into the 'back end' of eBay for leads. There are many serious sellers on eBay (called Power Sellers) that are totally ignoring the back end profits that come from building a mailing list of all customers, starting a newsletter, or having a website to capitalize on eBay leads etc. To find a powerseller that lives near you so you can take them to lunch use this search tool:
http://pages.ebay.com/tradingassistants.html
Clues that you've found a good Power Seller partner:
-Has no about me page
-Doesn't use HTML in their auction
-Isn't promoting anything in their signature line of their email correspondence with you
2. Get your own high profit product. A "how-to" video, an eBook, or a "Business kit" with everything a budding entrepreneur needs to succeed are all great ideas for high profit products that will sell very well on eBay. Do your homework first, but the potential for these kinds of products is huge.
3. Capture leads from ebay - there are legal and illegal ways to do this. Stay legal.
4. Use your "About Me" page on eBay to promote an eBook store. Full details here:
http://www.silentsalesmachine.com/newsletter/041003.html
Look for article number two in that newsletter.
5. Read my book "The Silent Sales Machine Hiding on eBay". It's a top seller on ClickBank.com and it's all about harnessing the power of eBay to build a serious online business. If you do buy that book you'll get the "50 free ways" book I mentioned above free as well when it's released.
Jim Cockrum
Author-"The Silent Sales Machine Hiding on eBay"
http://www.silentsalesmachine.com/
This article is supplied for information purposes only and, as experienced in this subject matter as the contributors are, the material herein does not constitute professional business advice.
This publication is designed to provide accurate and authoritative information with regard to the subject matter covered. It is sold with the understanding that the publisher and the contributors are not engaged in rendering legal, accounting, or other professional advice. If legal advice or other professional assistance is required, the services of a competent professional should be sought.
The reader is advised to consult with an appropriately qualified business professional before making any business decision. The contributors, Joe Kumar and JoeKumar.com do not accept any responsibility for any liabilities resulting from the business decisions made by readers of this article.
copyright © Joe Kumar and JoeKumar.com
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