Posted in Make Money Online
Wow, time is really flying!
I haven’t had a chance to post in a while because I’ve been so busy building my 2 new businesses. Both are taking off nicely, and since I’m no longer in the “guru business”, my life is much more relaxed and enjoyable…
I figured I’d share a few ideas with you that I’m working on right now because I think it will help you make money and that’s what this blog is about.
When starting a new business, there are a lot of thoughts and emotions that run through your head. Things like:
- Will this business make money as I put in all this time and effort?
- How much money will this business make?
- I don’t want to risk too much money in case something goes wrong.
and any number of other self doubt questions coming from the “voices in your head”.
I’ve started more than 50 businesses from scratch and purchased of 100 websites in the last 6 years, and I STILL have these questions coming up in my mind.
The fact is, there is never a guarantee that any business you start is going to make money. If anyone promises that to you, they are lying. But, as long as you are willing to put in the effort and stay focused, you will have a much greater chance of success.
One of the two businesses I’m working on right now was purchased. The other I am starting from scratch. I’m much more passionate about the one I’m starting from scratch because it is my own idea and I’m creating it from thin air.
The site I bought is making money and chugging along nicely, but I don’t have that connection with it. It almost feels like I’m just working on someone else’s project. That’s the downside to buying a site vs building a new one.
Anyway, the new site I’m building is a hybrid of an offline service mixed with a website and internet marketing aspect.
I really think this is where the money is right now. By focusing on your local market, you can avoid 99% of the competition online. The fact is, the MAJORITY of people in your local town or city have NO IDEA how the internet works.
Since I’ve been working online full time the last 6 years, I am an extreme expert compared to the offline business owners in my city. Compare me to experts who focus their businesses teaching people online, and I’m probably considered an “average guy who makes money online”.
Many of you reading this blog already have more knowledge than people in your area with offline businesses.
So, rather than being a small fish in a big pond online, you might want to consider being a big fish in a small pond offline like I’m doing right now.
Here’s why I like helping offline businesses with their online marketing:
1) Offline companies are used to paying lots of money for stuff.
Yellow page ads are $25,000 per year. Leases are up to $8,000 per month. TV commercials are $300 a day and typically generate little to no results.
Compare that to people online who are used to getting everything for free and where you can literally start a business for $15 including a domain name and hosting. There is a completely different mindset between these two types of people.
If you want to sell a training program to people online, you have to struggle to convince people to pay you $37 for your ebook. Offline, businesses will literally throw $4,000 checks at you for basically the exact same information (and not complain or ask for refunds either!).
If you can provide a do it for them service, those checks increase even more.
2) You can actually help them improve their business and feel good about what you are doing.
When you come across companies who spend $100,000+ per year on various ads and then you find out they have no way to track the effectiveness of these ads, you can have a life changing impact on their business.
Since everything online is trackable down to the penny, you can help local businesses put together ads online and show how these ads are working. Also, you can use the internet to help track the effectiveness of offline ads for these companies.
If the business is doing radio ads, simply buy a new domain name and use that in that one specific radio ad. Setup a simple hit tracking on that new domain name and you can see exactly how many people are responding to the ad.
Nobody is doing this kind of simple tracking offline, even though it is like marketing 101 online for the rest of us.
3) Little to no competition.
Since everyone wants to live the “internet lifestyle”, people are flooding strictly to the internet because they think that’s the easiest way to make money. When these people start trying to make money online, they are immediately hit with fierce competition and quickly give up their dream of making it big online.
Over the last 6 years online, I’ve seen the changes taking place and I see how much more competitive it is to work strictly online compared to a hybrid of offline and online mixed.
4) You get to work with real people.
One thing that can be hard when working online is you don’t have the personal interaction with real people.
Sure, you might have some instant messaging friends or have your buddy “supercool98″ from a web forum that you chat with, but you hardly ever talk with real humans. You spend all your time typing messages that are just words on paper.
When you work with offline companies, you get to meet some great people. Business owners in the town you live in who have lots of local connections. Some may be very wealthy business-people who want to partner with you on a new business idea.
I guess my main point is, when you think about wanting to make money, don’t limit your mindset to only setting up “adsense websites” or selling ebooks. That stuff is pocket change compared to what you could be making by doing internet marketing for offline businesses or combining your online knowledge with local business problems.
Anyone else tried this hybid model before?
30 Responses
Mike Huang
October 5th, 2008 at 2:22 am
1Hey, I haven’t commented since I sold off bloggin-ads. Just wanted to see how things are
It seems like they’re going great for you and money making is not a problem for you. People should really learn from you rather than fail a business.
-Mike
Andy - Mr MultiVar
October 5th, 2008 at 8:20 am
2Hi Max, it’s great that your hybrid business is working well!
I made a site for a local business and it’s true that they are clueless about web marketing.
But I am in Japan so can’t communicate well enough to do much business locally here. Waiting to do some more when I go back to the UK for a month when I can get some leads maybe?
Salwa
October 5th, 2008 at 5:02 pm
3thanks for sharing your ideas with us.
Ray Roman
October 5th, 2008 at 5:20 pm
4Agree totally that a hybrid business that focuses on the local market is great. I have been trying to make money online for years and have been mildly successful. About a month ago decided to combine my experience creating sites, and being involved in SEO, into a web development company for small to medium sized business in my local are.
Truth be told I made more money in 1 month (3.5K) thank I have done in the previous 6 months online (part-time). The point you made about the physical interaction with people is key to success. It is a lot easier to upsell services when the person you are selling to is right in front of you.
Funny thing to that I did that all without a completed business web site or business cards. I’m loving it.
Thanks for the great post.
Do-Follow IM Blog
October 6th, 2008 at 3:00 am
5Great post, I am one of those that doesn’t risk a lot of up front money but what I do is reinvest what I make back in into my online campaigns. I think i prefer the online biz so far, have had enough success to quit the day job and all in all it is working out well!
Matt Robison
October 6th, 2008 at 10:39 am
6I’ve been toying with this idea for a while. Web marketing for local companies. It would be great if you had some tips to get started. That’s where I’m stuck right now. Just knowing how and where to start.
Kenton
October 6th, 2008 at 3:35 pm
7Hi Max,
Great post.
Quick sidebar: I picked up your buying and selling websites course awhile back and it was awesome by the way. That’s been one one of my business models lately and I think I have one that’s about ready to sell. Not gonna’ be a huge $$ amount, but movement in the right direction. I also understand why you took it off the market. Sad but true.
Anyway, as far as the offline world goes, I totally agree. I was just looking at a local business website today that was HORRIBLE from an SEO perspective. Bad URLs, no keyword research done at all (based on what they had in the title tags), just basic stuff.
And from a marketing perspective, how is it not obvious that having a 7 step checkout process is a bad idea (when people are trying to pay you money)? But that’s what their “web designer” put together. Not one savvy marketer in the bunch. A year from now, they’ll probably think “that internet stuff doesn’t work”. Too bad.
So I’m working on providing Internet marketing services to local businesses along with building my own sites. Pretty much all the stuff we do day-to-day online for our own sites.
Seminars are also another thing to consider. High value + Minimal time = Huge leverage, even with a small audience.
So yeah, sounds like we’re working similar plans in both regards. Best of luck on both your new ventures.
Kenton
Michael Instant Cash
October 8th, 2008 at 3:13 pm
8Great post. I see a lot of people focusing like this on their local businesses. What niche are you targetting? I know real estate is a hot area to focus on in local niches. As well as car dealerships as a close second.
Simon from Otooo
October 9th, 2008 at 12:11 am
9When u put it like that I don’t think anyone would like to start up an offline business
Good luck
Angela Booth
October 10th, 2008 at 6:10 pm
10Great advice. If you know how to market online, you’re golden when it comes to showing local businesses how to market.
I’ve been teaching my copywriting students to start local for years. There’s next to no competition.
“Local” can mean in your city or state.
Someone asked for tips in how to start marketing offline.
Here are a couple of ideas:
1. Join your local business groups. Chat, get to know people and what they’re doing. Most will be looking for cheap advertising ideas now.
2. Read the local paper and make notes. Then use the phone. Just get in touch with people and tell them what you want.
Armen Shirvanian
October 13th, 2008 at 11:19 pm
11There sure is some untapped potential in the individuals who do not tend to use online services. There are also some individuals who avoid the services available on the internet on purpose so as to stick to face-to-face interactions in their dealings.
Peter Njenga
October 14th, 2008 at 2:30 am
12This is a nice post.
Ron
October 16th, 2008 at 7:59 am
13Offline marketing for online marketers is a great business to get into provided you have some basic experience with keywords and SEO.
Andrew C has been talking about offline marketing for quite a while now has has some good information available.
Last minute Shopper
October 20th, 2008 at 3:52 am
14This is more than true. People work 8-12 hours a day from home for a minimum wage or even nothing at all. Quite a lot people would be better of flipping burgers than pursuing their online ventures without earning money at all. But then their are the branches that can make you a fortune as well, but that’s usually by selling stuff to real companies who need what you are doing such as stock photography or webdesign, or whatever you can sell them
canmexdave
October 21st, 2008 at 11:23 am
15You’re so right Max. Many things that Internet marketers have learned and now take for granted amazes people who don’t live online. I think you’re on the right track instead of being a small fish be the whale.
DiverDave
October 21st, 2008 at 11:30 am
16It’s good to hear that you are moving on, I know you got bogged down. It’s really frustrating when you provide a quality product to help others and then receive some complaints, discouraging.
I agree with your regards being the “professional” in the off-line community and be able to provide quality service. I think you’ll find a lot more appreciation.
How to Blog
October 30th, 2008 at 10:29 am
17That was an awesome post, that makes total sense and I wonder why nobody is using their online skills to market offline businesses. I was talking to my uncle recently (I’m sixteen) and was teaching him about SEO and Traffic generation, online marketing… And he’s pretty high up in a video company, and yet he didn’t know anything about it. He was telling me how there offering 4,000$ to somebody to set up a forum for them, and I was like Pshh a forum? I mean I can do that. Granted it was a little bit more high tech forum then I first realized, but I mean that type of thing is easy to learn. There’s big money out there with helping offline companies, if you can be internet savy enough. The one problem is if your a kid like me, everybody thinks they can give you 20 bucks and you’ll be happy, even if your intelligent enough to do the project they were offering for thousands.
You have a really great blog here, and I really like this post. I just subcribed and you’ll definitely be visiting here again.
Jonathan Muller
Andy - Mr MultiVar
October 30th, 2008 at 11:25 am
18I registered a domain name to sell stuff from my home town. It is kind of a joke really where I will set up a blog to blog about stuff that I want to get rid of from my parent’s house like TV and HiFi gear that I dumped there over 2 years ago.
If it works out by getting lots of local traffic, I can spin it out to a local portal.
My strategy was to register a domain name in the form of: BuyMyHomeTown.com Like Buy everything in that town. Not sure if this is a good idea but it could catch on.
Andy
Haruyoshi
November 4th, 2008 at 3:57 am
19Good luck to your new business, sounds so interesting!
Kenney
November 5th, 2008 at 9:58 pm
20This is a phenomenal post. Real good. I look at the Internet as one marketing medium. One way to market your products (just has many facets). If we keep the Internet in perspective then a lot more people would find a lot more success.
Wookie Money
November 12th, 2008 at 5:22 am
21Always cash that can be made through advertising. There are a bazillion ways to earn cash if its done right once again.
Shon
November 15th, 2008 at 4:56 pm
22I am considering to go to local businesses and help them with online marketing…This can be a good way to make some quick cash
Craig
December 1st, 2008 at 1:11 pm
23When you say helping them market online can you give some examples of services you would provide? I’m thinking seo of their existing site, listing them in local directories? What else?
Thomas
December 1st, 2008 at 2:02 pm
24I’m glad to hear others are pursuing the same business modell as I am. Targeting local offline businesses with minimum internet expertise is a win win for both parts. Now I don’t know in detail what your project is about, but I’ve been working on my project for some time. Nice to see I’m not the only one going in another direction than the mainstream.
Looking forward to reading more about your new business. I somehow drop into this site every once in a while, and it’s always fresh and interesting articles.
ASANT Media
December 19th, 2008 at 6:42 pm
25Considering the local economy, just how willing are companies willing to take a risk on something they are not used to.
boat owners insurance
January 13th, 2009 at 3:30 pm
26Providing service to local “brick and mortar” business can be very profitable if you get motivated business owners. One problem that is common, the lack of knowledge with most business owners can be a hindrance. It can be very hard to sell a service to people who do not and probably will never understand SEO, PPC or any type of online website marketing.
Unfortunately, the old style directories are hitting these business owners on a weekly basis trying to hard sell their online marketing services. It is unfortunate in that their tactics are often pushy and hard sell.
Tom
January 23rd, 2009 at 11:05 pm
27The “internet lifestyle” isn’t an easy road to travel
ucak bileti
February 10th, 2009 at 11:02 am
28i am totally agree with you. Offline marketing is a great business to get into provided you have some basic experience with keywords and SEO like the Ron’s saying.
savings
February 24th, 2009 at 7:31 pm
29I guess one of the downside in investing in any kind of business will be trust. With the present economic climate not alot of companies will take the risk. But doing your homework is the first and most important thing.
Jonathan Hook
March 2nd, 2009 at 8:51 pm
30Great post Max. I have been thinking this exact same thing myself. Just have to put it together and make it happen. If you can set up a website an run an autoresponder, you already have enough info to make money offline.
RSS feed for comments on this post · TrackBack URL
Leave a reply
to top of page...