Can
You Really Make Money While You Sleep?
by
Kathleen Gage
The
Street Smarts Speaker and Author
If
you’ve been utilizing the Internet for any length of time
it’s likely you have been bombarded with junk mail claiming
you can make money “while you sleep.” Most sensible people
are bound to ignore such claims of easy money. But is it true?
Can you really make money while you sleep?
The
answer is an absolute YES! However, don’t assume my answer in
any way implies that it is a get rich quick while you sleep
proposition.
I
know it is possible to make money via the Internet while one
sleeps as I have been doing it for a little over a month.
Actually, I have been utilizing the Internet to market my
business and events for several years with a great deal of
success, but it is only in the last month that I began
aggressively selling products via my website.
Over
the last few weeks, between e-products and my latest book, 101 Ways to Get Your Foot in the
Door, I have sold a substantial amount of product.
Within an hour of launching my products I was making money. From
day one, each morning when I turn on my computer I am greeted
with sales.
What
I most like about doing this is the profit margin. With my
e-products the profit is close to 100%. With my books there are
shipping and handling costs and yet, the profit is still very
nice.
To
the casual observer this may seem fantastic. Truth be told, it
is. And yet, I didn’t simply put products on my website and
the sales miraculously happened.
As
is true for anyone who successfully sells on the
Internet, I
have worked on the backend of launching my products for quite
some time. Before I made my products available for sale from my
website I had to make sure my systems were in place.
The
process began with a great deal of research into how to
successfully launch products on the web. I read virtually
everything I could get my hands on by folks who are making money
on the web. I listened in on teleconferences, went to seminars,
bought other people’s products, and spent countless hours
becoming very familiar with how the process works.
It
is important to state I didn’t necessarily believe claims from
someone just because they said they were making money. Plenty of
people are claiming to make massive amounts of money on the
Internet when in fact, they aren’t. However, there are others
who are making incredible revenues from web-based product sales.
Before
I would accept what someone was saying, I checked them out. I
talked to other people either through email or via the phone to
find out what they knew about some of the more “well known”
experts. I had the opportunity to talk real-time to some of the
experts as a result of taking the initiative to contact them
with valid inquiries about their products and businesses.
With
each conversation, book, seminar, e-book and teleconference I
added to my own arsenal of information. Over a period of about a
year and a half, I had acquired quite a storehouse of knowledge.
Knowledge
alone wouldn’t lend itself to being successful in this new
branch of my business. As with other products and services I
have made available at various times to my market, I had to make
sure that the products I would be introducing would sell. It’s
all very nice to have something you think is great, but will
there be people who will actually pay for what you are selling?
I
also had to make sure most of the kinks would be worked out
prior to launching the products. This took a considerable amount
of time meeting with my webmaster. Together we worked on the
vision and how everything would link together.
Many
people are very skeptical about informational products being
sold on the Internet.
They
have every right to be as there is a lot of garbage out there.
There are people claiming to be experts when in fact, they
aren’t.
I
also know we live in a “try before you buy” world. People
have to feel comfortable with the purchases they make.
Communication is key. Before, during and after.
Offering
something at no cost prior to asking for a sale is an incredible
way to build trust. It is also important to offer multiple
choices in products and prices. Some people are more comfortable
making a smaller purchase before they make a larger purchase.
For
this reason, I have multiple free information products as well
as a very cost effective e-book for only
$14.95. As you will see
when you visit my site and products page, I have several choices
I offer.
As
with a brick and mortar business, it is easier to sell to
existing customers rather than selling to a stranger. This
definitely proved to be true with the products I introduced. I
have thousands of people in my database. I treat my database
like gold because it is. I keep in touch with people in my
database.
This
is an area that I often see people lose substantial amounts of
revenue. They fail to constantly mine their database or keep
their name fresh in people’s minds. As a result they are not
able to fully realize the profits that come with a well groomed
database and name recognition.
As
with any type of business, my continued success with this stream
of revenues will be determined by whether or not I keep in touch
with people, how I market my products and how valuable my
information is.
Yes,
you can make money “while you sleep.” And yes, it can be
very profitable. However, your level of success will be directly
proportionate to your level of commitment and professionalism in
this avenue of your business as with any avenue of your
business.
Kathleen Gage,
The Street Smarts Marketer™, is an Internet marketing advisor
who works with speakers, authors, coaches and consultants who
are ready to turn the knowledge into money-making products and
services. Learn more at
http://www.kathleengage.com
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