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The Online Exchange Ezine

~Stay tuned into the latest in internet marketing and networking by
reading each issue of the Online Exchange! We will show you how to make
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(To review more business tips, go to http://www.marketingtrendz.com/archives.htm)
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MILLENNIUM MARKETING 2000 presents.....
The Online Exchange Ezine!
Discover business success tips, free offers, and business building
resources to help you profit online and off.

(c) Online Exchange Edition.......... November 29, 1999

From the Creators of The Online Exchange E-Zine.....
Welcome to the latest edition of The Online Exchange Ezine. Our weekly
Ezine has regular articles and
Features all included to help Internet Entrepreneurs make money on-line.
We hope you enjoy this Issue. If you
have any suggestions or comments then please let us know. We would
personally like to welcome ALL our new subscribers. We are currently in
circulation to over 11,000 recipients and continually growing. PLEASE
remember to check out Our Autumn Spectacular for maximum exposure for
your business, which you will find
the LINK at the bottom of the page with many other packages available
for you.

IN THIS ISSUE:
~ A Word From Our "Sponsors in the Spotlight"
~ Feature Article * Avoiding Common Info-Marketing Mistakes That Can
Cause You To Lose Money
~ "Top Pick" Classified Ads
~ Business Thoughts * A CREED TO LIVE BY
~ HOLIDAY ADVERTISING SPECIAL
~ HOW TO Advertise With The Online Exchange Ezine
~ QUOTE Of The WEEK
~ Removal Instructions

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FEATURE ARTICLE*
Avoiding Common Info-Marketing Mistakes That Can Cause You To Lose Money
by Marty Foley.
Many a literal gold miner has been disappointed when they discovered
that what they toiled so hard to acquire wasn't real gold, but only iron
pyrite, better known as fool's gold. Similarly, while extracting 'gold'
from information can be quite profitable, there are hazards involved in
planning, creating, producing and marketing information products that
result in wasted time and money, leading to disappointment. If you want
to avoid such mistakes, pay close attention.
Mistake #1: Expecting To Make Real Money With One Product
Many novice information entrepreneurs expect to make sufficient profit
with one product, or only a few, but unfortunately, in the real world,
there are relatively few products that will make significant profit by
themselves. Unless you stumble across one of those rare products, you
will need to offer a line of related
products and/or services to really extract gold from information.
Building a line of related products/services may seem harder than it
really is. Of course, you don't have to be the creator of everything you
sell. You can complement and expand your line by also selling products
created by others. (If you have orders for other people's products
filled by the drop ship method, you don't even have to invest in
inventory.)
Mistake #2: Failing To Sell Related Products/Services
Some information entrepreneurs smart enough to recognize the value of
offering several products/services make the mistake of selling a
disconnected mixture of unrelated offers, appealing to different types
of prospects, in various scattered markets. This spreads their limited
resources too thin, and they fail to reap the full benefits of offering
more than one product/service, namely, turning more prospects into
buyers, increasing the average size of each order, and converting more
customers into repeat buyers.
Mistake #3: Failing To Give Marketing Top Priority
Frequently entrepreneurs put marketing on the back burner, but it's
importance cannot be over-stressed. Marketing (or the lack of it) can
make or break a business. Or as the saying goes: "Marketing is
everything." Therefore give it a high priority and work on it
accordingly.
Mistake #4: Ineffective Marketing
A large percentage of marketing communications don't stress the benefits
that the products or services bring to their audiences, but stress
product/service features instead. The unfortunate outcome is that sales
are adversely affected.
Mistake #5: Failing To Use Persistence In Marketing Efforts
Many fail to realize that marketing is most effective when the marketing
message is repeatedly brought to the attention of the target audience. A
sizable number of prospects won't respond to marketing communications
the first time, for various reasons. But presenting the message
repeatedly - perhaps a second, third,
fourth, fifth time, or more - will eventually convince a percentage of
them (as long as they are legitimate prospects) to act on the offer. The
key is using marketing methods you can afford to use repeatedly without
breaking the bank.
Mistake #6: Trying To Create And/Or Sell Information Products With No
Substantial, Growing Market(s)
Inexperienced info-marketers are often too optimistic about making money
from information products. In their haste, they rashly jump headlong
into investing too much time, effort and expense to produce and/or
market them without first considering whether any sizable (and hopefully
expanding) markets exist. They often discover to their disappointment
that they've wasted their time and money, which may have been avoided
had they determined if any viable markets existed for the products in
advance.
Mistake #7: Not Revising/Updating Products
Updating can inject new life into a product, and it's newness can be
used as a 'hook' to gain valuable free publicity. Unfortunately, many
products are pulled from the market after just a few years. As long as
worthwhile markets exist, it's smarter (and very possible) to keep
profiting from an information product for years (or for as long as money
is the accepted medium of exchange, and you are in a position to collect
it)!
Mistake #8: Failing To Reuse Material From Products You've Created To
Develop Other Ones
Developing a line of related products, as I've explained, is more or
less essential to real info-marketing success. The best products to add
to your line are those you create or otherwise control. This doesn't
mean you always have to create entirely new material starting from
scratch. Fortunately, some information from one
product you've created can be reused to create related, but distinct,
new products.
Mistake #9: Pricing Information Products Too Low
The value of an information product is often underestimated by it's
creator/seller, as reflected in a selling price that is too low. Under priced
products don't profit their sellers much, if at all! In addition, some
marketing avenues are more expensive, and so require a higher profit
margin in order to make money. By pricing your products sufficiently
high so you can afford to market them through both expensive and
inexpensive marketing channels, your potential for profit is greater.
Mistake #10: Not Developing Information Products That Offer Solid Value
A notable percentage of information product creators fail to develop
products that offer true, solid value for the money. Instead of creating
products with detailed, step-by-step guidelines which help their
audiences achieve what they want, all too many products deliver vague,
unspecific information that leaves their audiences disappointed. This
may result in returns for refunds, and discourages future sales to the
same customers.
For your own good, and the good of your audience, your objective should
not just be to profit from writing, publishing and selling information -
although that is a good incentive! It should also be to deliver solid,
useful information that brings real value to your audience, even when
you create a simple product like a report or booklet. Giving your
customers more than their money's worth isn't just the right thing to
do, but it builds good will and encourages customers to come back for
more of the solid value you've built a reputation for delivering.
Mistake #11: Investing Too Much Time And Money In A Product Before It's
A Tested And Proven Seller
Even if you're fairly certain a sizable market exists for a product
before you create it, I recommend you develop your initial version in as
simple a form as possible, or as simple a form as you are willing to
risk losing your entire investment in. This is especially important when
you have less experience and capital during the start-up phase of your
business.
As you test market a product and gather feedback on it from others, you
will find mistakes and areas for improvement. Improvements and
corrections can be made more easily and inexpensively while the product
is in a simple form. Additionally, it's not wise to tie up substantial
amounts of money in a product until it's a proven seller. A major
product like a book, for example, can cost up to thousands of dollars to
print, and printers generally want to be paid in full upon completion of
the job. You could have big money invested in an untested, unproven
product before a single copy has been sold. This can wipe you out
financially so that you have nothing left for marketing/promotion.
People have learned the hard way from such situations, so beware.
Mistake #12: Spending Too Much Time, Money And Effort On Expensive
Marketing Methods, Overlooking Low-Cost Ones
Especially if you're new to information marketing, you need to be extra
cautious with the way you use your limited capital. You can lose a lot
of money quickly, if not careful. A full page print ad in a large
circulation magazine, for example, can run several thousand dollars for
just one issue, but may not pay for itself in sales. On the other hand,
free publicity and other forms of low-cost promotion cost next to
nothing, yet can be valuable marketing tools.
While there are no foolproof formulas that absolutely guarantee you will
strike information gold, now that you're equipped with knowledge of
common mistakes made in planning, creating, producing and marketing
information products, you have a much better chance of striking the
mother lode, not fool's gold.
=====================
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BUSINESS THOUGHTS*
A CREED TO LIVE BY
"Don't underestimate your worth by comparing yourself with others.
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**QUOTE OF THE WEEK**
»@«*´`*»@«*´`*´¯`·.¸¸©¸¸.·´¯`*´`*»@«*´`*»@ «
How delightful is the company of generous people, who
overlook trifles and keep their minds instinctively fixed on
whatever is good and positive in the world about them.
But magnanimous people have no vanity, they have no jealousy,
they have no reserves, and they feed on the true and the solid
wherever they find it. And what is more, they find it everywhere.
»@«*´`*»@«*´`*´¯`·.¸¸©¸¸.·´¯`*´`*»@«*´`*»@ «

Until Next Time!!
Best Regards,
Debbie Solomon and Sara Hardy
Owners and Creators of
Millennium Marketing 2000
The Online Exchange Ezine
Be the best that you can be!
Take Action Today!
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THIS DOCUMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. The
information contained in this document represents the current view of
MM2000 on the issues discussed as of the date of publication. Because
MM2000 must respond to change in market conditions, it should not be
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