You Have to Spend Money to Earn Money

It surprises me that many people fail to grasp this concept as they first set out to start their own businesses. Thanks to the power of the Internet, anyone who has a computer and an Internet connection can now START their own online businesses with little investment. However, generally speaking, it is a given that you have to invest money into your business to if you seriously want it to grow.

Affiliate marketing is a great way for ordinary people to start making money on the Internet. After finding an affiliate program that offers products you are interested in promoting, you can start an online business with just a website. So your total investment up to this point may simply be registering for a domain name and paying for a web hosting account.

But then what? You have to start marketing the products and getting people to your website! A lot of people are turned off when they discover that this is a demanding process that requires a substantial amount of hard work, time, AND money!

Let me give you a specific example. As all experienced Internet marketers know, "the money is in the list." Simply put, you want to build a mailing list of people who may be interested in what you have to offer.

One of the most effective ways to grow your mailing list is to use a pay-per-lead service where you PAY a company to bring targeted subscribers to you. The company will run an advertising campaign for you and deliver motivated, opt-in subscribers to your list. The cost can vary greatly depending on the information you require. The e-mail lead packages I have been using recently range from $.10 to $.35 per lead.

The best lead provider I have used is TrafficOasis. It provides targeted leads that are fresh, NON-SHARED, responsive, and affordable. If you who like to know more, check out its website: http://www.trafficoasis.com/index.php?118787

Other areas where you MAY want to invest money in include: logo design, web design, web promotion, and useful tools such as a graphics editor and a powerful autoresponder. However, there are plenty of free resources on the Internet and I encourage you to seek them out.

The saying, "You have to spend money to earn money," generally holds true for ANY business! An Internet-based business is no exception,whether your are promoting your own products or someone else's.

It is also important that you re-invest a portion of your profits into your business! That way, not only will your business continue to grow, but its GROWTH RATE will also increase! This in turn brings in MORE profits, which allows you to invest MORE into your business... Do you see a pattern!?

The key is to invest money into your business wisely while staying within your budget. If you believe in your business, you are bound to be successful!

To Your Success! Byron Wong

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In The News:


TechCrunch

Refer.ly Lets Regular Folks Earn Affiliate Revenue For Recommending Products ...
TechCrunch
Will a few dollars in affiliate revenue motivate people enough to use Refer.ly? Don't we just share products with friends and family because we genuinely love to help other people out? Morrill said she doesn't expect Refer.ly users to make a living off ...
Danielle Morrill leaves Twilio to start Y Combinator-backed ReferlyGeekWire

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Advertising, affiliate revs lift Scripps: Revenue rose 11% to $535 million
Chicago Tribune
Scripps Networks Interactive, parent of Food Network, HGTV and The Travel Channel, said strong advertising and affiliate revenue boosted profit last quarter despite hefty programming costs. Net profit rose to $115 million from $101 million.
Ad & Affiliate Revenues Boost Scripps ResultsWorld Screen
Scripps Networks 1Q Net Up 14% On Stronger Ad RevenueWall Street Journal
Scripps Networks Interactive reports first quarter financial resultsMarketWatch (press release)
Zacks.com -NASDAQ
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Many nonprofits incorrectly claim no expense for fund-raising
Knoxville News Sentinel
By Thomas Hargrove Scripps Howard News Service Goodwill Industries operates more than 2600 retail stores, like this one in Sarasota, Fla., where leaders are rethinking how they report overhead costs to the Internal Revenue Service and the American ...
Local charities following tax reporting rulesRecord-Searchlight
Scripps national investigation: Thousands of nonprofits misreport fundraising ...Corpus Christi Caller Times
Harvard University has the distinction of running a nonprofit organizationTimes Record News

all 13 news articles »

Wall Street Journal

AMC Networks Earnings Call Insights: Affiliate Revenue Growth, Ratings
Wall St. Cheat Sheet
Two questions first on the affiliate revenue growth, 8% in the first quarter, two things there. Number one, it is an acceleration from your full year rate from last year. Does that acceleration represent some – or is that primarily due to some of the ...
AMC Networks 1Q Net Rises 45% On Strong Advertising RevenueWall Street Journal
AMC Reports Higher First-Quarter EarningsBroadcasting & Cable
AMC Networks quarterly profit jumps 45%MarketWatch
Chicago Tribune -paidContent.org -MediaPost Communications
all 44 news articles »

Three Multistate Tax Alerts from McDonald Hopkins law firm --
Sacramento Bee
A United States District Court in Colorado recently issued a permanent injunction against the Colorado Department of Revenue from imposing strict notice requirements on out-of-state sellers who do not collect sales tax on internet sales in the state.

and more »

MiamiHerald.com

Viacom Reports Higher Results For Second Quarter 2012
MarketWatch (press release)
Revenues in the second quarter increased 2% to $3.33 billion, driven primarily by higher Media Networks affiliate revenues. Operating income grew 23% to $932 million, reflecting the overall increase in revenues, as well as lower expenses principally ...
Viacom profit beats, but Nickelodeon worries loomBaltimore Sun
Viacom's 2Q Earnings Soar 56% on Networks StrengthFox Business
Viacom Profit Rises, Tops EstimatesNASDAQ
World Screen
all 264 news articles »

News Corporation Reports Third Quarter Earnings Per Share of $0.38; Growth of ...
MarketWatch (press release)
Contributions from STAR in India were essentially in line with the prior year, as higher revenues were offset by increased programming costs, including those from new channel launches. Affiliate revenue growth of 15% at the domestic cable channels for ...

and more »

PFSweb Reports 50% Service Fee Revenue Growth in First Quarter of 2012 ...
MarketWatch (press release)
"New business agreements and expanding existing client engagements continue to drive our strong Service Fee Business growth, resulting in a 50% increase in Service Fee revenue for the first quarter of 2012 compared to the first quarter of 2011," stated ...

and more »

TIME

The Walt Disney Company Reports Second Quarter Earnings
MarketWatch (press release)
The increase at ESPN was driven by higher affiliate and advertising revenue partially offset by higher programming and production costs. The increase in affiliate revenue was due to contractual rate increases and a reduction in revenue deferrals ...
Disney 2Q Profit Climbs 21% On Cable, Theme Park GainsWall Street Journal
Walt Disney's CEO Discusses Q2 2012 Results - Earnings Call TranscriptSeeking Alpha
Disney Fires on All Cylinders in 2QMorningstar.com

all 517 news articles »

Limbaugh Affiliate Cumulus Media Reports Millions In Lost Revenue
Media Matters for America (blog)
If carrying Limbaugh on 38 stations results in millions in advertiser losses over the course of two months, then when you factor in all the other affiliates as well as Premiere's own advertiser interests, the scale of lost revenue associated with ...

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