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Internet Marketing
VS Forex Currency Trading |
by:
Amin Sadak |
Have you ever
tried to make money online and failed?
Did you follow your guru's advice and still fail?
Here's an alternative...
Have you noticed that when someone’s trying to sell you something
- such as a system for making money - they always make it look
far easier than it is?
Let’s look at two Internet businesses, almost as diametrically
opposed as it’s possible to be – Internet Marketing and Forex
Currency Trading.
You’ve probably heard the old Internet adage – build a better
website and they will come. Well it ain’t true!
You could put up a site advertising dollars for a dime and they
still wouldn’t come – because they wouldn’t know where to look!
Let’s look at what you need to have in place in order to build
a successful Internet marketing business.
First of all, you need a product. If you’ve been reading the recent
Internet marketing blurb you’ll know you need a niche product.
Actually, the new thing is sub-niche but whatever they call it,
you need a product for which there is high demand but low supply.
Finding a suitable niche is the hardest part of the whole process
but let’s say you have a killer product, what else do you need?
The List.
Ask any Internet marketeer and they will say that the most important
part of your business is your opt-in list.
For people to join your list you usually have to give them something
of value such as a free eBook or report on a subject related to
your main product line.
To keep them interested, you need to keep in touch with them offering
them additional information, advice and tips.
Website.
To promote your opt-in list you need a website (although there
are other ways of promoting your list, too) with features that
will encourage people to sign up to your list.
You also need a killer website with killer copy to describe –
and sell - your killer product. This may or may not be the same
as the one you use for your opt-in list.
Killer copy.
Maybe you’re not a good copywriter. There are many eBooks on the
subject that can help you or you can pay someone to write copy
for you.
You need a domain name, preferably one with some relation to the
product but good domain names are becoming increasing difficult
to find.
Ads.
To get people to visit your website in the first place you need
to register it with the search engines.
SEO (Search Engine Optimisation) is an art in itself. You can
mug up on the subject or pay someone to do the job for you (but
be aware that not all experts are!).
You might also want to place ads for your list in newsletters
and ezines. The better ones will charge you although you might
get a free ad in return for an article.
Autoresponder.
To automate your business you need an autoresponder. These clever
devices automatically send emails to everyone on your opt-in list
at predetermined intervals, and contain predetermined copy.
For example, you could create a series of emails containing, say,
five parts of a free course to be sent one a day over the first
five days.
Then emails would be sent once a week advertising a different
product each time.
Whenever anyone signs up to your list they automatically start
at the beginning so everyone gets the full cycle of marketing
material.
We haven’t even looked at affiliate sales and marketing but I’m
sure you get the picture.
The basic idea of selling over the Internet sounds good but there’s
a lot more to it than most people realise.
Forex Currency Trading
Someone said that trading is the last frontier, the last place
where men and women can stand up and pit themselves against the
world.
It sounds very Wild Westish but most of it is true! You win or
lose entirely by your own efforts and if you win, it’s like having
your very own bank.
However, even owning a bank is a business and you still have to
work hard to put the money there – and to keep it!
Unlike Internet marketing where all your efforts, in one form
or another, are geared towards making people join your list and
then selling them stuff,
Currency Trading has no customers. That’s worth repeating – with
currency trading, you don’t need customers.
No customers means you don’t need any of the associated accoutrements
that go with Internet marketing such as:
Products
Web site
Domain name
Opt-in list
Ads
eBooks and reports
Autoresponder
Any other marketing aids
So far so good, but what do you have to do and what do you need?
Well, you need to know what currency prices are doing.
You can get a list of prices at the close of each trading day
free from many web sites. If you want to trade during the day
– intraday trading,
you can get real-time prices for a nominal fee from several data
suppliers.
In the foreign exchange currency market, commonly called forex,
you can get this data and charting software free from many web
sites.
Okay, that’s the easy bit. In order to trade currencies, you need
to analyse the data and determine which way price is heading.
In other words you need a system and this will require study and
dedication.
There’s lots of other stuff you have to know, too – trading terminology,
margin, leverage, money management, order types, trader psychology
and more.
But all of this is available in eBooks and courses and on the
Net.
You also need some money upfront to fund your trading account.
With forex you can begin with as little as $300-500 although you
would be advised to start with more.
So while you don’t have the ongoing quest for new customers, new
products and inventive sales techniques,
you do need some sort of education or training before you begin
and you need discipline while you’re trading.
For more information on getting started with forex currency trading,
go to: www.webkept.com
Making money takes work whether it’s online or off. Make sure
you know what’s involved before you start and remember that the
more you put into a business, the easier it gets.
About the author:
From the author of the hit Forex Currency Trading book - "Mechanical
Discretion", Amin Sadak has created another masterpiece for Business
Opportunists.
His new teaching manual "The Affluent Desktop Currency Trader"
provides an alternative for people looking for online business
opportunities.
Amin teaches the method he uses to download $1000+ every week.
For more information, visit http://www.webkept.com
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