Tuesday, May 15, 2007

5 Most Unacceptable Ideas Which Worked

1. Million Dollar Homepage

1000000 pixels, charge a dollar per pixel – that’s perhaps the dumbest idea for online business anyone could have possible come up with. Still, Alex Tew, a 21-year-old who came up with the idea, is now a millionaire.

2. SantaMail

Ok, how’s that for a brilliant idea. Get a postal address at North Pole, Alaska, pretend you are Santa Claus and charge parents 10 bucks for every letter you send to their kids? Well, Byron Reese sent over 200000 letters since the start of the business in 2001, which makes him a couple million dollars richer. Full Story


3. Doggles

Create goggles for dogs and sell them online? Boy, this IS the dumbest idea for a business. How in the world did they manage to become millionaires and have shops all over the world with that one? Beyond me.

4. LaserMonks

LaserMonks.com is a for-profit subsidiary of the Cistercian Abbey of Our Lady of Spring Bank, an eight-monk monastery in the hills of Monroe County, 90 miles northwest of Madison. Yeah, real monks refilling your cartridges. Hallelujah! Their 2005 sales were $2.5 million! Praise the Lord. Full Story


5. AntennaBalls

You can’t sell antenna ball online. There is no way. And surely it wouldn’t make you rich. But this is exactly what Jason Wall did, and now he is now a millionaire. Full Story

How To Make A Million Dollars With A Site That Maps Cellphone Dead Spots.

As a startup business, it's sometimes tough to know where you're going. But Allen Tsai and other online entrepreneurs who use new mapping technology make it their business.

Tsai, 27, is the founder of CellReception.com, a mapping website that locates cell reception, towers and dead spots across the country. "Cell phone reception was and still is widely variable," says Tsai, who launched the site in 2003.

Other websites mapped only bits and pieces of tower locations, and the FCC's tower registration database was just a "chart of coordinates," says Tsai. "It wasn't very useful unless mapped. So that's what I did."

CellReception.com links to Tsai's other website, Mobiledia.com, an educational resource on the cell phone marketplace. Tsai said he did this to increase traffic and boost visitor comments about cell reception, which add value to the coordinates Tsai maps. Today, CellReception.com gets more than 90,000 visitors a month, and the sites earned combined sales of more than $1 million in 2006.
More at:http://www.cellreception.com/

Make Money For Free On Somonelse's Site

Back in the early days of internet marketing, there wasn't much you could do to get started with marketing your business online until you actually launched your own website.

Before you could make money, you had to:

Choose a domain
Set up your hosting
Design your website
Put it all online
Optimize and test your website
But maybe you want the chance to "get your feet wet" before you commit to building a website and getting really serious about marketing your business online
Or maybe you're trying to discover your online business niche: the problem you want to solve, the people you want to sell to, and the best possible way to create a viable business. Maybe you don't want to commit to a website until you've had a better chance to experiment with different ideas.

Well, fortunately for web newbies, there are more options for getting started with e-commerce than ever before. Now you can actually market and sell products without ever creating your own website. Here's just a few.

Start Selling on eBay
eBay.com is the hottest e-commerce site on the web today, and for good reason:

More than 2 million people visit eBay.com every single day, spending an average of two hours navigating through eBay's pages and listings.
More than $1,000 in sales happen on eBay every single second.
72% of eBay users have incomes in excess of $50,000 per year--so they come ready to spend!
And--most important to you--95% of eBay users are individuals or small businesses. eBay is clearly a place where newbies can go to find instant profit and success--and you can get started selling in less than an hour. And while those listings will cost you only pennies to place on eBay's pages, you gain immediate access to millions of buyers who are looking for items just like yours.

More at:http://www.entrepreneur.com/ebusiness/ebusinesscolumnist/article159416.html

Big Idea Guru.com

Big Idea Guru.com...

They believe in the power of ideas and strive to engage our members in discussions that reveal the true potential of their ideas

... provides actionable advice to entrepreneurs, growing business leaders, and independent professionals to help them create, nurture, and grow successful enterprises.

We believe in the power of ideas and strive to engage our members in discussions that reveal the true potential of their ideas, and to help them define realistic goals and action plans that will produce results through implementation of their ideas.
More at:http://bigideaguru.com/

When Your Question Turn Into Sales

Turn Challenging Questions into Sales
Make the sales process a collaborative one and you'll find yourself in the position of trusted advisor instead of just another company trying to make a sale.

One of the most difficult and feared situations in selling is getting hit with hard to answer questions early in the sales process. Questions such as: "Why should I buy from you?" and "What makes your product better than your competitor's?" For most salespeople these questions are an irresistible invitation for what I refer to as the "Presentation Trap," an open invitation from the customer to "tell me all about your product." Most salespeople jump at the opportunity and declare why their company is better than the competition's and in most cases this wastes time for both the customer and the salesperson.

The exceptional salesperson will turn even the toughest questions into an opportunity to help their customer and themselves more clearly understand the situation and determine if their solution is actually a fit. They recognize the key thought -- "Prescription without Diagnosis is malpractice."

To demonstrate this, think about how a doctor would respond to a question from a patient, before the doctor has completed a diagnosis. The patient asks, "Why should I choose you for my surgery?" The doctor's response would likely be: "I'm not sure that you should. There are many fine surgeons here at the hospital and at this point I don't know enough about your condition to recommend surgery or if I would be the right surgeon for the job. Let me ask you this..."

Link:http://www.inc.com/resources/sales/articles/20070401/jthull.html