Internet Business Tip: Make Millions by Being Second To the Punch
9 times out of 10 when somebody says a product or a headline is going to be hot, it is. But, things cool down very quickly. Here is an example: Back in the late 1990's Beanie Babies were a very hot commodity. It was possible to buy these stuffed animals for a few dollars and resell them for a few hundred. Every store and flea market started to stock them. Beanie Babies were so popular, there would be lines as long as 100 people waiting for the new shipment to arrive. This "business opportunity" lasted a few months and was really sizzling. Once the public caught on to how profitable the Beanie Babies were everybody started to buy them and stock up on them. Unfortunately for these late-comers, once they started stocking up on Beanies, nobody was buying them any more. Instead of profiting, 1,000's of people were stuck with over-priced stocking stuffers. Important fact:
Once somebody tells you how profitable a "business opportunity" is…. it's normally too late for you. This is especially true with Infomercials. Once somebody does an infomercial on a "business opportunity" and tells you how much you can make; you know that those people aren't making any more money from that opportunity. If they were, they wouldn't be sharing their secrets. How to catch lightning in a bottle:
Nobody really knows what's going to catch on, but, trends in the past normally dictate the future. For example:
When the Sony PlayStation 3 came out this December, people waited in line over night. They knew there was going to be a shortage, and, if they got the PlayStations, they would be able to resell them for over double the price. These people were correct. How did they know? Because people before them did exactly the same thing when the X Box came out the year earlier. How to capitalize on being second:
The second you hear of a new headline or know something is about to happen, create a blog or website on it. Make sure and advertise this site before too much media hype has happened. The search engines will pick you up and put you at the top. Now, once the headline becomes a big draw, you already have your site in a good position. You readied yourself for the big event. Be the first to be second:
To carry through with what I mentioned above, I am going to give an example. During the auditions of the second season of American Idol, a young man by the name of Clay Aiken stuck out because of his "nerdiness" and voice. I had a strong feeling he was going to become popular so I created a "vote for Clay Aiken site". It had a message board and pictures. Some of his friends from North Carolina saw our site and asked our help to promote him. Because we were the first website to promote Clay, it ranked #1 for almost an entire year in Google. Because our site was at the top, we were able to make an Amazon link to his CD, and thousands of people bought through our Amazon affiliate link. We weren't the first person to introduce Clay Aiken. American Idol did that for us. But, we were second. You never know what's going to catch on. So, find things that interest you and be the place to go right after somebody scoops something. Now! Start making millions.
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Carl Coddington has been an Internet business entrepreneur since 1994. He has been helping thousands of people and businesses succeed on the Internet through his highly successful newsletter at www.promoinnovations.com Be sure to get the free E-Book "101 Killer Tips To Make $1,000's of Dollars a Week" Your Article Search Directory : Find in Articles
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