Fast Web Formula Internet Business Training with James Schramko
Internet Training
Be able to distinguish the right kind of customers. You should exert all your efforts on retaining the valuable lifetime customers that you have. James talks about different techniques to retain the value that is being recieved by your top customers. Also, he mentions his business BuyWithBonus where clients can get the best tools that his team is using and apply them to their own business process.
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As a product owner you should give enough opportunities to your affiliates to make some money by advertising you. You should remind them by sending them small messages that you appreciate their work and you reinforce it with proper compensation. This helps you gather a bigger market since you have all those affiliate networks promoting your products. Think of it as a partnership rather than in investment. Networking to more people would definitely help you cover more ground.
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This strategy shown in this video is very powerful. Reverse engineering your landing pages is amazing since you will discover where the viewers are coming from. James talks about how he uses a tool that can see where every visitor is coming from. This way he can check out the source and know why people are suddenly visiting his website from a certain community forum or webpage. This way he can speak to those people directly via live chat and ask them if they are interested in his product.
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Here James talks about how important it is to own your own domain. If you own a Facebook fan page with 50,000 fans and you run all your business through that media then imagine if you suddenly get slapped and they remove your fan page. You’re business will be dead and you have no control over it. Unlike owning your own website where you can change whatever you like, remodel it or rebuild it from scratch. The important thing here is you will have control over your assets and total control over your business.
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As business owners our target is to have lifetime customers. A business process should be an efficient process that can be repeated over and over again and have the same great result. This is the kind of business process that you should be targeting a smooth sailing process that can be repeated to satisfy your clients.
In this video James shows us a real world example of how a good business process works. He shows us examples like:
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This is a preview to one of the highlights of the webinar. James talks about the most effective tools he uses in his internet company and he also shows screenshots and process maps on how you can apply them to your own business.
Here are some of his most effective tools that help him run his company:
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