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Shoemoney - Skills To Pay The Bills

Shoemoney - Skills To Pay The Bills

Link to ShoeMoney Internet Marketing Blog

Books are signed!

Posted: 28 Feb 2013 06:34 AM PST

Woah my hand hurts! Yesterday I signed several hundred books for you guys that ordered the Shoe In Money system the first two days and got them shipped out!(sorry, little behind but we needed a final count)

If you have not checked out the new Shoe In Money system go here right now and see all the specs. Some have called the video very controversial. But you guys know me… I say it like it is. And if it pisses off these so called “guru’s” then so be it.

The Shoe In Money system is ONLY $47 and … well… don’t take my word for it – here are some quotes people emailed me that purchased yesterday.

“Jeremy holy cow the Shoe In Money system is awesome. I have paid thousands of dollars for other products that were junk. Just the 30 day action plan is priceless for me. Thank you!” – Anna

“ShoeMoney honestly I first purchased it to get a signed copy of your book but once I logged in I was blown away. Great straight forward content. I love how you teach from your own experiences both failures and successes. Saves guys like me a ton of money and time. – Justin

“I love your new system. Very inexpensive and excellent content” – Karen

So those of you who have bought it tell us what you think, and be patient your books are on their way!

The rest of you who still want to try it out go here and sign up now:

==> http://shmny.me/shoeinsystem

 

Trying to increase your Google rank that is like no other?

ProBlogger: Common Creativity: Understanding the Rules and Rights Around “Free” Images on the Web

ProBlogger: Common Creativity: Understanding the Rules and Rights Around “Free” Images on the Web

Link to @ProBlogger

Common Creativity: Understanding the Rules and Rights Around “Free” Images on the Web

Posted: 27 Feb 2013 05:04 AM PST

We’re all familiar with the old adage: a picture is worth a thousand words. In some cases, a picture is worth a thousand dollars. Luckily, for those of us not interested in investing a small fortune for the use of an image on a small scale, there are options.

Creative commons

Image by Jayel Aheram, licensed under Creative Commons

Sites offering free copyright images are gaining in popularity throughout the blogging and web design communities alike, but they are by no means created equal.

In fact, "free" does not necessarily mean "without cost" or even relate to price. For example, "royalty free" simply means that once you pay for the photo, you are "free" to use it however you like.

When words don't even mean what they are supposed to mean, how are we to know the rules and rights surrounding "free" images on the web?  And if payment is a prerequisite to all of that freedom, are any pictures truly free?

Now, you may be asking yourself "who really cares?" After all, what are the chances that some artist is going to go to the trouble of tracking you down to sue you for "illegally" downloading their work? Besides, they put it out there on the Internet so it's really fair game, right?

Wrong.

No matter how small the risk of your getting caught may seem (depending, of course, on how flagrant you are with what you have "stolen"), the simple fact is that improper use of protected works is a crime and is actually prosecuted more often than you might think.

The bottom line is simple: do you really want the risk of prosecution hanging over your head ready to come down on you at any time? If you’re serious about your future in blogging, the answer is no.

Okay, fine, you get it: you don't want to break the law. But you're not a copyright attorney and the nuances of intellectual property laws are so tricky, even those guys seem confused a lot of the time! If only there was a way for you to honor the law and easily understand the right and wrong ways to navigate the choppy waters of copyright protection all at the same time…

Enter: the world of Creative Commons licenses. Thanks to sites like Flickr, morgueFile, Wikimedia, and Pixabay (just to name a few), thousands of free images are at your fingertips. Creative Commons licenses have made legal use of images on the web simple for anyone—even if he or she is not an attorney.

However, there are still various levels of "freedom" within the licenses and a keen comprehension of those is necessary if you wish to use the images without fear of legal repercussion.

The licenses

There are six basic licenses within the Creative Commons library, linked together with one common thread: proper credit, or attribution, must be given to the original creator. Their individual designations, followed by short-hand codes and real-world examples, are explained below.

Attribution: CC BY

This is the least restrictive and most accommodating grant of permission to the public. Basically, it lets others do as they please with the creator's work (distribute, remix, tweak, alter, and profit commercially), provided the originator receives proper attribution.

Attribution-ShareAlike: CC BY-SA

This license offers the same rights as an Attribution license (others may distribute, remix, tweak, alter, and profit commercially) with the added stipulation that all subsequent forms of the work carry identical terms.

In other words, if the work starts out under this license, it must have this license forever and cannot change to a basic Attribution license somewhere down the line.

Example:Wikimedia uses this license and it is recommended for all similar sites that share and incorporate various bits of information.

Attribution-NoDerivs: CC BY-ND

Under this license, the work itself may be reused, but it must remain identical to the way you found it—no tweaking, altering or remixing allowed. However, you may still redistribute and profit commercially from it, provided, as always, that you properly attribute the originator.

Example: This is a good one for web designers and bloggers who have found something great that they want to incorporate "as is" for use in creations that earn them money, i.e. a website or blog.

Attribution-NonCommercial: CC BY-NC.

This license provides that others may do as they wish to a creation (alter, tweak, remix, etc.) as long as it is done in a non-commercial context.

You might look at this one as "permission to do what you will to the creation, but not what you will with the creation."  Additionally, as long as this non-commercial new work gives proper credit, it need not be licensed under the same terms.

Example: You might look for this license if you were preparing a school project or creating something for your own personal use.

Attribution-NonCommercial-ShareAlike: CC BY-NC-SA

This is the same as Attribution-NonCommercial (may be altered and used in a non-commercial setting); however, the new version must be licensed in exactly the same manner as the source work.

Example: This license might apply to an image or a song that someone has altered and passed along to friends, provided it carries the same license and does not profit the "tweaker."

Attribution-NonCommercial-NoDerivs: CC BY-NC-ND

Of the six main licenses, this one carries the most restrictions with it. Under this, you are only allowed to download and share the work, with absolutely no modification or profit along the way.

If you are a web designer or a blogger and you see this license designation, back away … unless, of course, you are interested in facing an accusation of copyright violation.

How to give proper attribution.

Now that we have discussed the various types of licenses and we know that all of them require the proper attribution of the creator, how exactly do we do that?

The folks at Creative Commons have created a nifty little pack that explains the different ways you can attribute, along with examples, but the basics are simple and flexible:

  • you should credit the creator
  • provide the title and host URL of the work
  • indicate the type of CC license it takes (along with a link for others to follow)
  • keep any copyright notices intact.

For an example, see the image I included at the top of this post.

Some final "legal" notes…

This post is not a law review article, nor is it intended to be a treatise on the ins and outs of copyright law. But I do want to shed some light on a few basic aspects of copyright protection for bloggers.

First, this licensure actually protects the user, not the creator.

This statement doesn't seem so crazy when you consider that a basic truth of intellectual property law is that all works are automatically copyright-protected (thus, enforceable against the user) upon their creation—it's literally a legal "given."

Since this is true, if you are ever sued for copyright infringement, the burden is automatically upon you, the defendant, to prove that you did not violate the copyright and, in fact, the creator granted you permission (of some sort). This is how Creative Commons licenses have succeeded in making grants of permission easy to understand and flexible.

Although the Creative Commons licenses are considered flexible in the world of copyright laws, it is important to keep in mind that they still retain legal force. Indeed, they are not US-specific and are supported, promoted and honored in over 70 jurisdictions throughout the world. For specific affiliates and jurisdictions, visit http://wiki.creativecommons.org/CC_Affiliate_Network.

If these licenses are abused, they are forfeited: if someone violates the terms of the license, that person is no longer protected and may be sued by the work's originator and held liable in a court of law.

Along the same lines, once the originator has granted permission through one of the licenses, her work is out of her hands. As long as the person using the work does so according to the license terms, the creator has no legal remedy if she does not like the way the new person uses her work (there are some exceptions, but that is another article entirely).

Finally, even though the Creative Commons licenses carry legal weight, they were designed with flexibility in mind. If you have a particular use in mind for a work, but the originator has not licensed it for the purpose you intend, contact them.

And whatever you do, make sure you get any special permission in writing. That email or piece of paper, like the license itself, is your ticket to verify you covered all of your bases. As long as you have done your part to respect the rights of others, there is no end to the creativity waiting right around the corner.

So, let's hear it. What are some of the ways you have seen CC licenses in action? Do you think they "work" or do you have suggestions on how they could be better? Offer more protection? Tell me in the comments.

Contributing author Thomas Ford is the Marketing Director of www.123Print.com, a leading supplier of business cards and a wide variety of business and office supplies. Tom writes on a range of topics of interest to bloggers and business people.

Originally at: Blog Tips at ProBlogger
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Common Creativity: Understanding the Rules and Rights Around “Free” Images on the Web

Shoemoney - Skills To Pay The Bills

Shoemoney - Skills To Pay The Bills

Link to ShoeMoney Internet Marketing Blog

How to raise your prices by 300% (almost) overnight

Posted: 27 Feb 2013 06:18 AM PST

One of the worst pieces of advice you can ever listen to is: raise your prices if you want to be more profitable. Why? Because it’s grossly incomplete.

In this blog post, I want to share specific actionable things you can do to raise your prices by 300% or more (also referred to as being a premium provider). Besides the obvious benefit of being more profitable, charging premium prices also enables you to grow faster and, counter intuitively, attract better clients. From a lifestyle perspective, you can also hit six figures or higher with only a handful of clients and with very little staff and infrastructure (goodbye complex sales funnels).

I have applied this approach for myself and my clients in multiple markets including markets that are notoriously price sensitive. It works best if you’re in a position to be able to set your own prices / fees.

Becoming a premium provider requires you to implement 2 key things:

  1. Identifying one or more affluent markets that can pay you premium dollars (as the old saying goes: "You call sell Mercedes to broke people but good luck.")
  2. Focusing on communicating accelerated results. What do I mean by this? Affluent buyers are not interested in education since they tend to be fairly educated already, and they are extremely busy. This means they don't want to hear about many DVDs or manuals are in your home study course or how many years of experience you have. Since the #1 thing they value is their time, you have to be able to communicate how you can help them quickly get the results they want with your help.

Here are some real-world examples that will show these principles in action.

Marty is a fit 50-year old who was a spokesperson for a weight loss company (he lost 75 pounds under some very challenging circumstances). He was approached constantly after each public appearance on how he did it. Finding that he wanted a more active role, he decided to launch his own business. Because he had no track record, he felt he needed to start at the bottom and coach people for free. As you can imagine, his results was abysmal because these folks never committed to what he was coaching them on. After he became my client, I recommended that he narrowed his target market to male business owners and executives between 45 and 55.

Why this target market? Marty is a male business owner so there's affinity and people in that age range tend to be more affluent vs. people in the 20s or 30s (a much, much more crowded market and much more commoditized).

To summarize: in less than 45 days of working together, Marty has sold his 1st client at $800 and his highest sale has been $4,000 so far (my goal is to get him up to $10,000 per client). He’s even landed a world-famous heart surgeon in Italy (!) as a client (Marty lives in Chicago). His big promise is he can help his clients quickly get in the best shape on their life mentally and physically, not how to get six-pack abs (that appeals more to a younger audience).

As a second example, Angela helps folks release destructive habits that lead to overstress (this refers to when you’re so stressed that your physical and mental facilities start breaking down). Until now, she has referred to herself as a stress management expert, which immediately caps her financial results. Instead, I have repositioned her as a peak performance specialist.

With that in mind, she is initially targeting female business owners and executives, and she's also raised her fees by over 1,000% (with her target market, having stress is sometimes worn as a badge of honor hence the repositioning to a peak performance specialist).

Finally, she has connections to very high net worth families. In this case, she has to raise her fees just to be credible to this target market (as I advised her, if they’re paying you the same as their maids, it’s unlikely they will take you seriously).

Prior to working together, she was spending months trying to figure out how to sell a $47 product and implementing a maze to upsell the buyers into a $297 product. Instead, we have set all that aside and focus on attracting premium clients that can pay her thousands of dollars per sale (with the high net worth families, the goal is to charge 5 figures or more per sale).

So here’s the game plan for you to raise your prices / fees by 300% or more almost overnight:

  1. Identify one or more affluent markets that can afford to pay premium dollars (in most cases, this is usually a subset of your existing list – In other cases, you may have to go to an adjacent market).
  2. Communicate your benefits in terms of accelerated results vs. how much “stuff” is in your solution.

By applying these 2 simple principles, you can pass on marginal buyers and focus on premium buyers instead. You can also save weeks and months of your life from having to come up with a gigantic upsell maze that usually cost a fortune to implement.

Trying to increase your Google rank that is like no other?

“ProBlogger Census: We Need You!” plus 1 more

“ProBlogger Census: We Need You!” plus 1 more

Link to @ProBlogger

ProBlogger Census: We Need You!

Posted: 26 Feb 2013 11:08 AM PST

It’s that time of year!

We’ve set our plans, shifted our focus … and now we’re running our ProBlogger Census.

I’d love to hear your feedback on the change of approach on ProBlogger, but I’m also really keen to hear what topics you’d like us to explore in the coming months.

The 2013 ProBlogger Census is a short survey to capture your thoughts, ideas, and wishes so that we can help to serve you better in our blogging.

I’d love it if you could take a few moments to fill it out.

I look forward to reading your thoughts!

Originally at: Blog Tips at ProBlogger
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ProBlogger Census: We Need You!

Four New Ways to Monetize a Blog

Posted: 26 Feb 2013 05:00 AM PST

The ad industry is dead.

Target will only buy remnant inventory. Federated Media, the darling of the online ad world, is just about vaporized. And media behemoth IAC is building a state-of-the-art ad sales system that will work like a trading floor where you don’t even know what content you’re buying—you only see the profiles of the people who are viewing the content right this second.

So how are people going to make money blogging? Here are four ways.

whiteboard

Image by Jeff Kubina, licensed under Creative Commons

1. Build a paywall

This was once seen as impossible. But after growing up online, generation Y reads and writes more than any other generation in history and is therefore more willing to than others to pay for online content.

This attitude has opened up lots of fee-based content models. Today The New York Times is successful in its paywall strategy, and it’s paved the way for bloggers to start looking at this as a viable option. Andrew Sullivan, for example, launched a paywall and raised $100K in a few days.

The problem is that a paywall is limiting rather than expanding in terms of the ways you can connect to the world as revenue options grow and change.

2. Turn your brand into a company and take in investors

As a serial entrepreneur, I saw this option coming early in the blogging game. So I named my blog something that was not attached to the domain name. Then I built up the brand name, sold the brand to investors, and spun off a company.

I don’t know why more people don’t do this. It's a great way to leverage your community-building abilities, if you have them.

In this scenario, you hold onto your blog and your personal brand and you own stock in the spin-off brand. (And look: I recently gave up the CEO position and went back to blogging. But I held onto the founder's stock. It's like a big lottery ticket.)

3. Use your blog as an incubator

The best way to test new companies is to launch them. You could throw up a product offering on a web site, then announce it on the incubator blog. If it takes off, fine, if it doesn’t, then announce the next product.

In this scenario, the blogger is like a full-time marketing team for a range of startups within the incubator. Keep writing good content and you can send your audience to any beta site you need to. In this scenario, you’d get stock in each of the companies that you help launch.

4. Go after a talent acquisition

It’s common these days for companies to buy a startup to get the employees who would otherwise not be in the job market. You could create this same scenario with your blog.

Typically, a talent acquisition is for developers. But I can see it happening for someone who is amazing at PR, for example, and is essentially offering up her social media sauce and her high-powered media network in the talent acquisition of her blog.

Another way I can see this going is that someone uses the blog as a way to display thought leadership in the industry, so the acquisition’s purpose is to have the property attached to the larger brand, but also, to get the talented thought leader behind the blog.

What will you do?

Each of these four ideas takes planning, but with ad sales no longer being a viable option for blog revenue, we need to think more creatively.

Blogs are clearly becoming more and more prominent in the social and intellectual fabric of our lives. Those of us who can adjust in the most creative, big-thinking ways will benefit the most from our blogging talents.

Contributing author Penelope Trunk is a serial entrepreneur, and the author of the bestselling book Brazen Careerist: The New Rules for Success. She has written for a wide range of publications including Time, Business Week, and the Wall St. Journal, but she likes writing for her blog best: http://blog.penelopetrunk.com.

Originally at: Blog Tips at ProBlogger
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Four New Ways to Monetize a Blog

Shoemoney - Skills To Pay The Bills

Shoemoney - Skills To Pay The Bills

Link to ShoeMoney Internet Marketing Blog

Mozilla to the Mobile Phone

Posted: 26 Feb 2013 09:09 AM PST

Mozilla announced that they are going to try and compete with Apple, Google, and Microsoft on the mobile phone industry now as well.

In my opinion it’s about time. Not saying that I use Mozilla (if you don’t know by now I am an Apple guy all the way) but I still think that this was the right move.

From what I heard Sprint is the only U.S. provider on board with it right now however I see great potential for it in some of the developing countries, which from what I have read is their exact plan.

It’s a tall order going up against those big three but then again if you sit idly by the competition will pass you just like it did with Blackberry who is currently trying to make a comeback with the release of their new operating system.

So what do you think, do Blackberry and Mozilla stand a chance against the big dogs or should they focus in niche markets?

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Internet Marketing 101: Mental Price Barriers - DailyBlogTips

Internet Marketing 101: Mental Price Barriers - DailyBlogTips


Internet Marketing 101: Mental Price Barriers

Posted: 26 Feb 2013 04:09 AM PST

It has been a while since I created a new category on the blog, and today I am doing that. The category is called “Internet Marketing”. The reason? I am planning to start writing a series on this topic, called “Internet Marketing 101″, where I’ll basically share the stuff I learned over the years buying/selling websites, launching products, promoting affiliate offers and what not.

Today I wanna talk about mental price barriers.

Human beings tend to have very clear patterns when analyzing things (not necessarily rational patterns), and the price of products and services is no exception.

The first pattern is that we tend to group prices according to the number of digits left of the dot. For instance, both $6.50 and $8.50 have 1 digit left of the dot, while $25.70 has two. As a result the first two prices would be considered similar and put in the same mental group, while the third would fall on a separate group.

This means that a potential customer would have a similar reaction whether your product costs $6.90 or $9.90. In other words, he would be equally willing to make the purchase in either case, which means that you should price your product at $9.90 if you want to maximize your profits over the long term.

Obviously you need to take this rule with a grain of salt. $19.50 and $90.50 have the same number of digits left of the dot, but consumers wouldn’t put those price tags in the same mental group. The problem here is that we have crossed different mental price barriers.

As far as Internet marketing is considered, the most common mental price barriers are:

  • $10
  • $20
  • $50
  • $100

If two price tags are below a certain barrier the consumer will probably have a similar reaction to both. For instance, $14.50 and $19.70 are both below the $20 barrier, so the prices would trigger a very similar on the mind of consumers. Same is true for $28.90 and $39.90, or for $79.90 and $97.70.

Let’s use some numbers to illustrate the points.

Suppose that you sell an ebook for $16.90, and your current conversion rate is 1.2% (that is, out of 100 visitors coming to your landing page, 1.2 will make a purchase). Now suppose that you have 10,000 monthly visitors coming to the page where you sell the ebook, so that translates into 120 purchases per month (10000*0.012) and $2028 in monthly profits.

As I mentioned before most people put $16.90 and $19.90 on the same mental group, so if we increased the price to $19.90 the conversion rate shouldn’t fall that much. Let’s assume it would fall to 1.1%.

Now every month we would have 110 purchases, as compared to 120 with the old price tag. However the price is higher, and so are the profits: 110*19.9 = $2189. As you can see by getting closer to the mental barrier we managed to maximize the profits, despite selling slightly fewer units.

The rule of thumb: price your products just below one of the common mental price barriers.

This principle is called price elasticity of demand in economics. If you want to read more on the topic check out the Wikipedia entry.

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Original Post: Internet Marketing 101: Mental Price Barriers