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Internet Business Success Secrets: How to Prosper When the Economy is Stagnant
Author: Ikey Benney  | Posted: 04-09-2007 | Comments: 0 | Views: 19 | Rating: (54)  (?) 
The economy is like a yo-yo.
Sometimes, it is up and prosperous.
However, at other times, it is down and in the doldrums.
When it is down, what can you do?
Below are 10 ideas on how to prosper when the economy id down.
1. Sell more backend products to your existing customer base.
You already created rapport, trust and proved your credibility to them.
2. Make it a practice to up-sell to new and existing customers.
After they decide to buy one product, offer them another product.
3. Cross-promote your products and services with other businesses that are not your competition.
You will reach a wider audience at less cost.
4. Create joint venture deals with other businesses.
You can expand your product line and target other profitable markets at a lower cost.
5. Start an affiliate program for your business.
You will be able to spend fewer profits on risk advertising and spend more money on guaranteed sales.
6. Trade advertising with other businesses to save revenue.
You could trade e-zine ads, banners ads, links, print ads, etc.
7. Out-source part of your workload.
This can save on employee costs, equipment costs, taxation costs,
expansion costs, etc.
8. Add low cost bonuses to your offer that have high-perceived values.
It could be e-books, members' only sites, consulting, e-reports, etc.
9. Use viral marketing to promote your business on the internet.
Give away free stuff with your ad copy and include a note that others can give it away also.
10. Follow up with all your prospects.
You can use a free e-zine, a follow-up autoresponder, an update
or reminder list, etc.
May these business prosperity insights and ideas help you during the times when the economy is stagnant.
http://www.work-from-home-program.com
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Thank you.
Warmly,
Ikey Benney
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