
What most internet marketers or business entrepreneurs know very well is the fact that leads or prospects are the life blood of business growth. At the end of the day it comes down to just a few things.
1) How many people have you put your business in front of on a regular basis?
2) How many requested more information about your business or service by giving you a method to contact them.
3) How many prospects converted to clients, business partners or customers?
4) Being an effective duplicator
Item #2 and Item #3 cannot occur until we effectively accomplish item #1. This is your primary objective as a marketer or business entrepreneur. There is no growth without new prospects interested in our business or service.
This is where so many marketers and businesses fall short of success. They don't make item #1 "New leads" and item #2 "lead capturing" a priority to their business. When we effectively accomplish items #1 and item #2, the probability of item 3 is manifested through the law of averages. Its not rocket science, it's a numbers game. The more people you put your business in front of the more people are likely to use it. If you are not making any money it's because you're not showing your business to enough people that may be interested in it.
Years ago somebody made millions on the sale of pet rocks against the odds by placing their ad in front of enough people, enough people found it interesting enough to buy it..
The Sellers didn't let the odds overshadow what they knew about shear numbers and percentages opposed to the cost of marketing. The cost of marketing VS expected profit is the only real question. In other words what are you willing to risk? Marketing is like investing on the stock market, you don't put all your bread in one basket. Diversification is a large part of an effective marketing plan. Perform different methods of getting your business in front of as many people as possible based on what you are willing to risk. When you find something that works increase your risk based on the profit margin.
As marketers we should always be on the look out for cost value when seeking ways to put our business in front of a large audience. Free may be good but it does not put your business in front of a large audience that may be interested in your business. It generally places your business in front of people who expects something for nothing. Having a marketing budget for your business is essential for business growth. Too many so called marketers and entrepreneurs are reluctant to talk about the cost of doing business. Successful business building requires an investment in time, knowledge and finance but don't let that frighten you. There are many ways to reach a huge audience for your business on a less than huge budget.
One of the things you will have to do is connect with the right people, people who share the same interest as yours. These people may be in the same business niche as you and are also looking for ways to reach a larger audience. You can form small ad marketing groups also known as cooperatives for the single purpose of equally distributing prospects. Another thing you also may consider is ezines with targeted followings that are fairly large. They are generally much less expensive than national publications. Which ever route you choose, just keep it targeted. Don't try to market catnip in a dog lover's ezine. Even the pet rock people didn't market to every area of the country initially.
Stay abreast of new cutting edge marketing technology and lead generation systems. The biggest issue most marketers have is gaining new people to expose their business to and many of them will be your business partners in your business groups. (i.e.) down lines for the MLM's. You have a responsibility to help them grow so you will need to be on the cutting edge of new list building methods. This is a sign of leadership. Your success depends on your ability to learn, grow and lead. Duplication depends on your ability to lead.
Derrick Henry
http://blackbusinessunity.com/
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