2 Ways To Make Huge Sums Of Profits Online

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You know most people online dream of making big bucks in their internet business, but they have no idea as to how to make it happen. Now there are many ways to make a ton of money (I mean millions here) online. And in today’s lesson, I want to share with you how to go about doing so.

Selling lots of low priced products is fine if you’re happy with the profits that you’re getting. But you should know that it’ll take alot of sales to reach the sales quota that you’re looking for every month. So instead of selling a $7 product, you may want to slightly upgrade that price to $27.

Why the $20 increase? Well, take a look at this math: If you sell a $7 product, it will take you 15 sales just to make $100. If you sell a $27 product, to make $100, all you need to do is sell 4 units. Which one sounds easier to do? And guess what? $27 isn’t that far away from $7. So the sale that you make with a $7 product, would more than likely be equivalent to the amount of sales that you would make with the $27 product.

Hopefully that makes sense to you, because right now, I’m about to reveal to you how to make big profits without doing alot of work. This isn’t about offering “deluxe” packages – although this is also a great way to increase your sales for free. In fact, let’s get down to the heart of the matter. Here’s the first way to earn big profits in your online business:

1) Run seminars

Seminars are a great way to give yourself a big payday in your business. Imagine offering a $1000 seminar to 100 people for 3 day… that’s $100,000 in sales for only 3 days! Now obviously, you will have to pay for a few things. You have to market the seminar creatively, you have to book the venue, you have to decide if whether or not you want to offer your attendees drinks and snacks, and etc.

But more than likely, all of these things will take no more than $10,000 to do. Leaving you with a nice $90,000 all for a few days worth of work. You should seriously consider incorporating it into your online marketing efforts. Here’s the next way to give yourself a huge payday every now and again.

2) Sell a $1,000 product

Believe it or not, people will pay $1,000 for a product. Depending on how many people you have exposed to your offer, you can either get a ton of sales – or you can get a little bit of sales. But 1 sale for a $1,000 product is pretty good… especially if you’re accustomed to selling products under $10.

It’s an excellent way to build up your profits and to give yourself a raise every now and again. A sale like this will definitely help to recover months of advertising expenses, and can even fund the purchasing of a deeply coveted item that you’ve had your eyes on for a long time now.

Use these 2 great tips to make more money in your online business today. They will be more than worth it.

Good luck with making money online.

ABOUT THE AUTHOR: Randall Magwood is one of the most respected and highly-regarded online marketing experts on the internet. He has a website about internet marketing that helps small business owners learn how to market their business online simply and easily. To learn more, visit his website here: http://www.internetmarketing-rules.com
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