Before, garage sales and flea markets were the most popular venues for selling pre-owned or used items that you would want to get rid of and at the same time earn money from. However, thanks to the technological developments that have happened through the years, we can now have easy access to the Internet and have the options to sell our stuffs there.
If you have been selling your stuffs on the Internet and if you still have future plans to do so, you might want to consider taxes and your online business before you continue with it.
Selling On eBay Or From Your Own Website
A lot of people today are getting attracted by the fact that they can actually sell almost anything on the internet by just posting it on eBay, their own web site or any other site that offers practically the same services.
However, what most people don’t know is that there are actually rules and laws that cover selling items on the Internet.
Getting Serious In Your Online Business
If you have been selling your stuffs for quite a long time already, you may consider it as an income-generating activity, right? Having an online business really has a lot of perks and advantages such as being able to work right at home, not having to have your own boss, etc.
However, having an online business doesn’t mean that you are free from paying your taxes. When you decide to be more serious about your online business, there are a lot of things you have to consider.
Perhaps the first and most important thing you have to consider is the legality of your online business. Make sure that you are not breaking any rule or law so that you and your reputation won’t be in jeopardy.
In addition to that, you must be aware of the several laws that come along with online businesses such as tax rules.
You have to be aware of the different taxation conditions of different states and countries because since you will be having a business online, people from different parts of the world will more or less become your customers or potential business partners.
You must also be aware of the process for paying federal and state taxes for online businesses. Maybe you will have some questions such as:
"Do I need a tax ID number?", "Do I need to file specific paper works or forms?", "How do I begin to pay federal and state taxes?", etc.
Some of the basic things you need to know about having a legal online business is that your business is actually the one that will pay income taxes in pretty much the same way it would if it were a brick-and-mortar kin of business.
The address for filing you income tax will be the principal business address of the entity. The laws of the particular states that you transact or have business with are the ones that would determine whether you will be required to pay state income taxes.
You should also be aware that a lot of states impose "sales" taxes on items that are purchased by the residents of their state. For you not to get in trouble or end up getting dazed and confused with the many laws and conditions of taxes and your online business, you can try to consult a lawyer knowledgeable in these matters.
In this article, we will discuss the “$25,000 Closing Strategy in Network Marketing” in detail and provide you with valuable insights and tips on how to successfully close high-ticket sales in network marketing.
Introduction Closing a high-ticket sale can be a challenging task, but with the right strategy, it can be done successfully. In this article, we will discuss the “$25,000 Closing Strategy in Network Marketing” and how it can help you close more sales and achieve your business goals.
Understanding the Strategy
The “$25,000 Closing Strategy in Network Marketing” is a proven method for closing high-ticket sales in network marketing. It involves building a strong relationship with your prospect, understanding their needs and desires, and offering a solution that meets their specific requirements.
The first step in implementing this strategy is to build rapport with your prospect. This involves getting to know them on a personal level, understanding their goals, and finding common ground. Once you have built a strong relationship, you can start to ask more probing questions about their needs and desires.
The next step is to offer a solution that meets their specific requirements. This could involve offering a customized product or service, providing additional resources or support, or addressing any concerns or objections they may have.
Implementing the Strategy
To implement the “$25,000 Closing Strategy in Network Marketing”, it is essential to have a deep understanding of your product or service and how it can benefit your prospect. This requires research and preparation, including understanding your target audience and their pain points.
Once you have a thorough understanding of your prospect’s needs and desires, you can begin to develop a customized solution that meets their specific requirements. This could involve creating a personalized sales pitch, providing additional resources or support, or addressing any objections they may have.
Throughout the sales process, it is important to maintain a strong relationship with your prospect and address any concerns or objections they may have. This involves active listening, effective communication, and providing ongoing support and resources.
Conclusion
The “$25,000 Closing Strategy in Network Marketing” is a proven method for closing high-ticket sales in network marketing. By building a strong relationship with your prospect, understanding their needs and desires, and offering a customized solution that meets their specific requirements, you can successfully close more sales and achieve your business goals.
When we first start out in business, there is a lot standing in the way of us being successful. It is often the case with a bricks and mortar business that you will have been trading for months or longer before you have anything resembling a steady income. In addition to this, presentation is everything in face to face business, and you can be unlucky simply because of completely superficial factors. But if you want to quickly realise the value of an asset, the Internet is a major advantage, one you cannot afford to turn down. The advent of auction sites which allow you to sell items at the click of a mouse means that you can decide to sell something one day, and receive the money for it the next.
This ability to sell something and see the money instantly may not be anything new if one takes into account the existence of pawn shops. But the ability to reach a much wider marketplace, and potentially get a good deal more than you otherwise would have is something that was impossible prior to the Internet. If you need working capital in order to take advantage of an opportunity, the Internet has made it a whole lot easier. People sell all kinds of things on the Internet, from extremely small, cheap items to cars and even in some cases their house. While selling your house is generally not a good idea in such a short space of time, it does show what is possible.
The question that is on everyone’s mind, do you really need good content?
Content marketing is the intersection of advertising and publishing. When you create great content you create value.
The forms of great content come from education, inspiration or entertainment. These are the three values you need to bring to the table when it comes to creating content. This applies to your blog, social media or videos. Keep that in mind as you’re creating content for your audience.
When you create value, you will create an audience. When there is an audience, people gravitate towards value.
To build your online business, and nurture prospect/customer relationships the right way, you must deliver “value in advance.” Content is how you do just that.
It’s important to know how to craft and execute a content strategy that utilizes social media, a blog, or YouTube videos. Using these high-yield strategies, you’ll spread your brand’s message to new audiences and existing prospects alike, by providing genuine value in advance.
Pretty simple, right? Let’s not overcomplicate it.
The content marketing strategy
Say you have people driving up the freeways you have some advertising on the billboards and make no mistake this is every effect. Any place you are finding an audience (or group of people), you’re more than likely to find a platform to advertise on.
Here is how it works online. Facebook for example which has over 3 billion people and 1.2 daily active users. They created a massive audience on their platform. Now, because there is an audience, now they can sell advertising as their business model.
Any place you can find an audience, you can find advertising. Here is another extreme example. If you ever been to a sporting event, obviously there is an audience there and you can advertise to that audience when they use the restroom.
When you create an audience, you can advertise, and when you advertise you are driving awareness for your mission, product, or service. You can advertise all day long.
When you have awareness, you have the possibility of making sales. To make sales, you need to create great value.
The reverse is true as well. If you create poor content, you create no value. No value = no audience.
It doesn’t educate, it doesn’t inspire and certainly doesn’t entertain.
The thing to keep in mind is that creating great content isn’t enough. Great content is table stakes. You have to come to the table with great content.
The perfect customer avatar
There are specific ways to really hone in on who this person is:
What are the challenges they’re currently facing, or roadblocks they’re hitting?
What’s their #1 personal life goal / #1 professional goal?
What are their top 3 fears about starting an internet business?
Buyer Modality
Competitive: Competitive buyers want to perform smart, quick, and decisive actions as a competitive advantage.
Methodical: Methodical buyers review all technical information to assure themselves they’re making the right choice.
Spontaneous: Spontaneous buyers enjoy the thrill of a quick purchase and the perceived emotional benefit that it will generate.
Humanistic: Humanistic buyers are also motivated by emotion, but want to understand more about the organization they’re buying from and the individuals who comprise the organization.
In this video, I’m going to share the exact steps in how I figured out how to understand my customer avatar.
The customer value journey
When there is no awareness, there is no desire for a customer to purchase a product or service. The goal is to drive engagement and getting the perfect avatar to raise their hand and say, “I’m interested”.
This is what we call the “left turn” method, starting with awareness can you can see below. Having a lot of great content is great, but if you are not leveraging great content to make sales, building your list, taking them through a sales funnel, it’s a waste of time.
The “Content Baton”
Using content to move the customer to the next stage in the customer journey. When you create content, you’re driving awareness and the perfect avatar is becoming an avatar that your product or service exists. This creates value and there is an audience around the piece of content that you create.
Because you have created an audience, you can advertise in the next step of the customer journey.
If you fail to provide the next step in the customer journey, it’s not just bad marketing but it’s also bad user experience.
Let’s take a look at Wayfair. They have an awesome blog for those new looking to buy furniture and home-goods. They have a great piece of content and below the piece of content, if the visitor wants to buy something, that is considered to be the next step.
E-mail marketing may appear outdated when compared to newer methods like Facebook live, but it has stood the test of time and is still considered a highly cost-effective way to engage with your audience because you have control over the traffic.
The key to effective email marketing is capturing your audience’s interest and making them eagerly anticipate opening your next email.
But how can you achieve this in an era of short attention spans and abundant options?
The solution lies in creating a soap opera sequence.
And no, we’re not suggesting that you hand your company over to your competition. Rather, it involves infusing your emails with a touch of drama and suspense.
#Trending Topics (Russell Brunson And ClickFunnels)
E-mail marketing may appear outdated when compared to newer methods like Facebook live, but it has stood the test of time and is still considered a highly cost-effective way to engage with your audience because you have control over the traffic.
The key to effective email marketing is capturing your audience’s interest and making them eagerly anticipate opening your next email.
But how can you achieve this in an era of short attention spans and abundant options?
The solution lies in creating a soap opera sequence.
And no, we’re not suggesting that you hand your company over to your competition. Rather, it involves infusing your emails with a touch of drama and suspense.
You desire to pursue this course of action as it will lead to presenting proposals to this group of email subscribers once they have placed their trust in you.
In the case of my personal soap opera email series, I possess a total of 5 emails, with each email dispatched daily, wherein I narrate the story of my venture into online entrepreneurship. I elucidate the circumstances preceding my initiation and expound upon my current situation.
Here’s typically what the 5-day email sequence looks like:
Day #1: Setting the stage
Day #2: Drama and backstory
Day #3: Epiphany
Day #4: Hidden benefits
Day #5: Urgency: Call to action also known as a CTA
Here’s what the e-mails look like broken down:
E-mail 1: Establishing the backdrop
Commencing the series is the inaugural email. Its purpose is to inform the recipients about the contents of forthcoming emails.
An effective method to generate anticipation is to commence the first email with a pledge to disclose a secret. It is crucial to express the benefits of this secret to you and convey your eagerness to share it.
Always accompany the first email with a tantalizing hint, prompting the readers to anticipate your subsequent email.
E-mail 2: Intrigue and background information
The second email in the series must contain a significant amount of suspense to captivate the reader. Many organizations utilize this email to recount a moment when they faced adversity. It could be a situation where the market plummeted to an unprecedented low, and their company was on the verge of collapse.
Towards the end of the second email, drop subtle hints about what lies ahead. In other words, let your audience know that you managed to overcome the challenge and saved your company—and that you are ready to reveal the details in the next installment.
In the third email of the soap opera sequence, it’s time to unveil the transformative secret you have discovered – the one that has the power to change everything. While it may appear early to reveal such a crucial aspect, the key lies in avoiding coyness. Fearlessly share the epiphany with your audience, but also tantalize them by hinting at even more valuable insights to come in the next email.
Email 4: Hidden Gems
As the sequence progresses to the fourth email, the spotlight shifts towards the hidden benefits of your product or service – the gems that emerged when you experienced your epiphany. To make this email truly captivating, ensure that these hidden benefits remain genuinely concealed. Avoid stating the obvious and instead, artfully present them as revelations that will leave your readers amazed and eager to explore further.
Email 5: Urgency and Call to Action
In the climactic final email of the soap opera sequence, it’s time to deliver a powerful and direct sales pitch to your readers. While each email in the sequence contains a call to action, this email stands out by creating a sense of urgency, compelling your audience to act promptly on your enticing offer. Leave no room for hesitation as you motivate them to take that decisive step towards your product or service.
Your E-mail list is the lifeblood of your business
By integrating your email autoresponder with your funnel and launching a well-crafted welcome email sequence, you open the door to building an invaluable list of potential customers. The best part? This traffic belongs solely to you, and no one can snatch it away.
Now, picture this: If Facebook were to shut down tomorrow, all our hard-earned connections within our groups would vanish in an instant. That’s why being smart and proactive in your business means shifting your focus towards collecting emails and nurturing regular connections with your subscribers.
Here’s a compelling stat: Email marketing trumps social media by a staggering 70% in terms of effectiveness. Social media posts face fierce competition amidst the myriad of other content in someone’s feed. Their lifespan is incredibly short – on Facebook, you might get a mere few hours at the top of someone’s feed, and it’s even briefer on Twitter, where posts disappear after approximately 18 minutes. So, without a doubt, email marketing stands tall as the superior avenue to reach people in a truly memorable way.
Now, before you dive into crafting those email sequences, let’s emphasize one crucial thing – knowing your perfect avatar inside out. It’s the key to success. Understanding your ideal customer in every detail enables you to create personalized and engaging emails that resonate deeply with their specific needs, interests, and preferences.
To sum it up, connecting your email autoresponder to your funnel and rolling out compelling email sequences sets the stage for cultivating long-lasting connections with your audience. The beauty of it all is that you own this traffic, shielded from the uncertainties of social media platforms. So, embrace the remarkable power of email marketing and leave a lasting impact on your subscribers by engaging with them in a way that truly counts.
Your Perfect Avatar
Before you start writing any of these sequences, I just want to emphasize how crucial it is to identify your ideal avatar so that you are clear about who you are writing these letters to.
If you’re running a business or have a product or offer in mind, then it’s highly likely that you’ve at least considered the importance of defining your customer avatar. But here’s the crucial step – it’s time to actually create those customer profiles and meticulously outline all the specific qualities of your ideal avatar.
To ensure you cover all the essential aspects, make sure you have clear answers to the following questions:
Basic Demographics:
What is their age?
What is their gender?
What is their ethnicity?
What is their education level?
Where are they located geographically?
What is their relationship status?
What is their household income?
Psychographics:
What is their personality like?
What are their five core values?
What are their hobbies and interests?
How do they spend their leisure time?
Do they have any favorite products or brands?
Are they primarily mobile, desktop, or tablet users?
Biographics:
What industry are they currently working in?
What is their occupation?
Motivations:
What are their primary needs in life?
What challenges or roadblocks are they currently facing?
What is their number one personal life goal and number one professional goal?
What are their top three fears when it comes to starting an internet business?
Buyer Modality:
Competitive: These buyers are driven by the desire to make smart, quick, and decisive actions for a competitive advantage.
Methodical: Methodical buyers carefully review all technical information to ensure they are making the right choice.
Spontaneous: Spontaneous buyers enjoy the thrill of quick purchases and the emotional benefits they bring.
Humanistic: Humanistic buyers are motivated by emotion but also seek to understand the organization they are buying from and the people behind it.
In the video below, I’ll delve into greater detail on how to uncover and understand your customer avatar, as well as how to cater to their needs effectively.
Remember, defining your customer avatar is a fundamental step in creating a successful business strategy. By gaining deep insights into your ideal customers’ demographics, psychographics, biographics, motivations, and buyer modality, you’ll be equipped to serve them better and deliver precisely what they seek. So, let’s get started on understanding your audience and serving them in the best possible way. Watch the video below for a comprehensive guide to finding and connecting with your customer avatar.
Final words
The significance of the soap opera email sequence lies in its ability to foster the crucial “know, like, and trust” factor with your subscribers.
This is an aspect that cannot typically be achieved merely through reading a blog post or watching one of your YouTube videos.
Establishing the “know, like, and trust” factor serves as the bedrock, laying the foundation that allows you to present compelling offers for your products and services.
Once this foundation is set, the next step is to present products and solutions that directly address the challenges and issues faced by your email subscribers – something they can genuinely relate to.
By resonating with their needs and concerns, you pave the way to retain them as loyal fans for the long haul.
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