Showing posts with label Stay at Home Business. Show all posts
Showing posts with label Stay at Home Business. Show all posts

Wednesday, April 16, 2014

PriceBenders Strategy

PriceBenders Strategy
Copyright © Cecil Miles, Your Network Marketing Guide
Pricebenders Auctions @ TripleClicks.com

Please search our archives for many more home based business building tips (link in right column). This Blog carries the full set of Stone Evans' Articles, the home biz guy.


In this article I discuss what I do with PriceBenders auctions. This in no way implies that this is the best method or the only way you can capitalize on winning these auctions. It has worked in the past and seems to continue to work with the new format we now have with PriceBenders. I don't change our guessing price every auction, it stays the same because you never know what the end price will be. Sooner or later it will come close to my guess.

Building my T-Credit bank is my primary objective. Our standing order at TripleClicks is for 125 T-Credits each month. Setting up the standing order helps build our base for less than $40 a month and gives us Executive Affiliate status in SFI. There are many benefits because of this. Today we will focus on the benefits of my strategy and how I plan to succeed.

PriceBenders Auctions are exciting but if you let your emotions take control you will lose a lot of t-credits and a lot of money. We are tempted every day to enter auctions but entering an auction with less then 500 T-Credits is dangerous and not considering what those T-Credits cost you can be expensive. We see many auctions won for less than 1.00, perhaps less than 50 bids for the winner. The problem is when you enter the bid the dynamics change and if you are not aware of who you are bidding against or the nature of the items being bid for, the time of day, or time of week or month; you will have no idea what to do or how to play.

Playing Pick-the-Price helps give you a feel for what is happening on the floor of PriceBenders. You get to know who the winners are. Just as important is watching a complete auction. We take extensive notes, who is bidding, what time they usually play, what type of auction it is, etc. our spread sheet of won auctions covers more than 1500 auctions and lets us sort according to Name, Item, Time or Day, winning Price. We calculate averages and look for anomalies, similarities and patterns. One thing is always true, the game is always changing. We are serious about building PriceBenders into our business model, it is not a hobby but we plan to play to win.

We are promoting the auctions to new people everyday. Every new member that joins us we increase our revenue to reinvest in PriceBenders and SFI. Because this is such an important aspect of our strategy we offer as much support as possible to new comers; gift certificates and t-credits are available to our active affiliate team members. We also will send a free copy of our notes on auctions and our sortable spread sheet. Duplication is very important and we want others to share in our success.


PriceBenders opens a lot of doors. Besides being a lot of fun it is a path to unlimited wealth. Buying and selling items at TripleClicks is a small part of our long term wealth building strategy. We welcome and support all of you. 

Thank You for joining us: Pricebenders Auctions @ TripleClicks.com

Quote of the Day
"We have forty million reasons for failure, but not a single excuse."
-Rudyard Kipling

Friday, March 28, 2014

Making Bank at Pricebenders Auctions

Making Bank at Pricebenders Auctions
Copyright © Cecil Miles, Your Network Marketing Guide

Please search our archives for many more home based business building tips (link in right column). This Blog carries the full set of Stone Evans' Articles, the home biz guy.

Winning at Pricebenders Auctions can be highly lucrative. Many of our auction enthusiasts resell the item  they win for great profits on eBay, Craigslist, or their own web site or blog. It is a lot of fun and challenging and even if you lose the auction you will win membership rewards you can use to purchase any item at TripleClicks, including more T-Credits. Playing smart is the key.

Make sure you read the rules first and “Tips for Winning”; http://www.tripleclicks.com/PBTips.php.

There is merit in watching the auctions for at least a month and I would not recommend jumping in without a solid plan and setting a limit on the number of credits you are willing to lose or the price you are willing to pay (it’s a good idea to have 500 T-Crerdits or more at hand and a willingness to pay full price); remember to average your cost of T-Credits and if you win them at auction you can end up paying 10 cents per credit or less. Always consider the cost of the T-Credits you use for bidding and consider that as part of the cost of the winning bid. The cost of T-Credits at retail can be as high as $1.99 each or as little as 28 cents per credit when purchased in a standing order of 100 packs or more. Have a plan and don't get caught up in the bidding wars. Be careful not to go overboard and lose all your credits in one shot. T-Credits are like virtual currency at TripleClicks. There are over 100,000 products you can use them on.

There seems to be people that will always wait till the last second to bid. I think as suggested at TripleClicks, unless you are at the top already, don't let the timer go past 5 seconds. You can save yourself T-Credits if you wait till its below 10 seconds and before it reaches 5 because when someone else bids it resets the timer and you can save your bid until the next round. Those waiting at the very bottom of the timer might get tiered of waiting and ether drop off or start bidding before losing interest altogether.

If you are new its best not to start at the very beginning of an auction. If you do start at the first few bids be prepared to pay more than the item is worth; the reputation you might gain can save you hundreds of dollars for months. There are many times items sell for less then a dollar; our strategy below can help you be in the right place at the right time for these huge savings.

You should set aside time, like an hour or more to play this game; not having time to sit through a whole auction can be expensive. If you should be working on marketing and recruiting or some other aspect of your business do not waste time spending T-Credits on auto bid or trying to multi-task the auction.

It is best to focus first on the T-Credit Auctions (the 300 packs are the most frequent auctions). After watching 1000s of auctions it can be said that our leading bidders stack up on T-Credits before using them to enter auctions for other items. The cost savings is huge. I have recorded winners averaging costs below a penny per credit for thousands of T-Credits. This sets the stage for bidding domination when you reach 5000 or more T-Credits.

When you enter an auction at the very beginning, the first or second bid, you can place your first 60 bids to stay on top, just in case you get the chance to win the auction for less than a dollar. Play Pick-the-Price every time you play, try to guess the price you think you will win at $1.25 or more. When the price reaches $1.25 stop placing bids to stay on top and switch to placing your bids when the timer gets below 10 seconds and before it reaches 5. You'll see there are others that jump in and challenge the top bidder before you use too many of your own. Keep it up till you have used 10 or few more T-Credits than stop and see who challenges the lead bidder; switching between these two bidding strategies can save you a lot of T-Credits. When you enter the challenge again use 100 T-Credits to reach the top until some one challenges you for the spot and then switch back to bidding between 10 and 5 seconds a few more times.

Calculate your cost of winning before you begin. One of the things I designed my spread sheet for was to calculate the break even cost of using my T-Credits on any given auction. If you are bidding on an item that retails for $87.00 and it cost you .28 cents per T-Credit than you really want to win the auction before you use 300 T-Credits; at .28 cents it will have cost you $84 dollars for the T-Credits alone and at least $6 for the item. Unless you are trying to gain the reputation of a big dog willing to win the auction at any cost you'll be throwing away T-Credits at auctions. Most auctions are won below $10, 1000 bids (or 500 of the winners T-Credits). If you enter an auction after the $5 mark watch closely to see who is playing.

Get to know the players. Watch the bidders for a while, let it go to zero a few times. Even if you lose the opportunity to play this auction there will be countless others you can win. Check the winners list back three pages to see who has been playing, after a while you will recognize who the regular players are. Stay away from bidders that will run you dry or seem to have a bottomless pit of T-Credits.  Remember, each T-Credit is only worth a penny on the bidding floor regardless of what your average cost per credit has been. Look at the bid price in terms of the number of T-Credts already used; $5.00 is 500 T-Credts, $20.00 is 2000 and so on. Even though the retail price might be $87, when the price reaches $20 TripleClicks has earned more than $500 on T-Credits they sell back to us. You can only save money at this point by using less than $60 worth of T-Credits: at .28 cents per credit so you will need to use less than 200 T-Credits. This means a two dollar rise from $20 to $24; your $2s and your opponents $2s equals 200 bids each. Think before you bid.

Taking your time at the auction has great benefit. Playing Pick-the-Price before you step in to an auction can help you learn how bidders bid and win. If you win at Pick-the-Price you win 25 to 100 T-Credits. I suggest waiting until you have at least 25 T=Credits, choosing a price between $1.33 and $2.33 and playing at least 20 consecutive auctions at the same price guess. If you find the same time of day to watch the auctions you'll see when it's a good time for you to play your price guess, rather than trying to guess a different price for each auction. Play T-Time for T-Credits when ever you get the chance. Every hour TripleClicks has a drawing and awards 30 players with 2 T-Credits each. TripleClicks has added other Games we can play to win T-Credits; see https://www.tripleclicks.com/indexContests.php

There is so much more that I could share about Pricebenders Auctions but nothing beats seeing them for yourself at: http://www.tripleclicks.com/13938594.8/pbgw


Quote of the Day
Take a second look at what appears to be someone's 'good luck.' You'll find not luck but preparation, planning, and success-producing thinking... "-David Joseph Schwartz

Tuesday, September 25, 2012

TripleClicks Success

I added a lot of links to this message just to see if you would click on them. I think you will get the message even if you don't but you should really check this out. I actually wrote this more then a year ago and just updated it today April 9th 2014... and I am still excited about this business.

There are many different types of products at TripleClicks. At first I thought TripleClicks only had eBooks, they must have every eBook that’s ever been published, but there are thousands of products from hundreds of vendors from countries all over the world. The list keeps growing every day.  As an SFI member we list things we have from home we want to get rid of and we tell our friends about products we’ve seen. At TripleClicks we can also sell and promote products from vendors and we are paid a commission from the sale of these items also. What’s amazing, as a vendor (ECA) I am able to list the items I have for sale for free, no upfront store cost, and very little overhead at the time of the sale and the transaction process is handled by the company.  Even more amazing... I don’t have to own the products, there are drop ship companies that let you list their products and sell them and they handle the shipping and TripleClicks handles the transaction. Amazing does not stop there, if you refer a vendor, an ECA (E-Commerce Associates) as they’re called, you make commissions on every sale they make…for life. This is a great place to open a store and an even greater place to shop. When people say they can find cheaper places to buy this product or that service, I think to myself, can I get paid as much? It pays to shop from your own store.

Check out TripleClicks when you get a chance. To the left I put links to TripleClicks and other areas of SFI under “SFI World”. It’s free to become an ECA (E Commerce Associate) and list your products to the world, and have a world of SFI associates promote your products or services.

Tuesday, September 18, 2012

Its Free to Join HERE ;-)


Joining SFI is free BUT, it requires work. I believe it worth the effort to build your own business with SFI and TripleClicks.

Most people relate work with getting paid. Why is it that people are still looking for a way to make millions of dollars on line without doing any work at all or think that they will start receiving money in the bank without doing any work at all? When new members join through this link (HERE) they are automatically placed under an affiliate on the team. It does not matter to me who you join under because if they decide not to do the work and you do we both still get paid and the one not working does not. In fact if I don't work every day I don't make any money either. So I work every day and I work with the workers. So if you join though the link (HERE) and you go to work you too will get paid. When? If you are serious about building an online business you should be ready to work for a year or two before you start turning a profit. If you invest time and money into building your business you can expect to see a return but not thousands of dollars a month the first or second year.

I work as a janitor and invest the money I don't use to pay my rent and lights into my business. I spend hours working my business and if I see a return at the end of the month I put that money back to work into building my business. It’s a real business and I expect it will grow like one. All of the team members that join through the link (HERE) should expect the same.

This system is simple but it requires that you "show up" every day and do the to-do list on the home page. It has Launch Pad lessons that you should do at least one every day and if you finish them all you should review them. The BASICS are also lessons in internet marketing every member should know. So if you join though this link (HERE) be prepared to work every day.

It’s actually fun and does not have to take up countless hours of your day. There are lots of things you will learn from the sight that you can use in any on line business. I would suggest that you put aside everything else while you are learning to build an SFI business and you will see the benefits in all the other things you do on line after that, you’ll learn a whole lot more in a lot less time too. Join through the link (HERE) and go to work, it’s free and it’s worth the work.

Of course if you join through this link (HERE) you become part of the co-op and you will receive up to 25 new signups over the course of the ad....which I will keep running as long as I can. If you see this Blog...the co-op is still active and if you join through this link (HERE) your sponsor will be happy, I will be happy and you will be happy. 

There now, everybody will be happy when you join though this link (HERE) ;-)


Sunday, September 16, 2012

SFI Co-Op Advertisment

 SFI allows us to set up co-op advertising from a pre built co-op manager. this makes it easy to have our affiliates join forces to increase the effectiveness of our advertising campaigns.

All new active members will be added to our Co-Op ad I run on all the traffic exchanges I participate in. It's a lot of work adding each member one at a time but its worth it. Each member receives 25 shares of the results through signup HERE and each new signup that becomes a member on my team is added to the list. I recommend that you join my team, ha, ha. Its great to be growing at such an accelerated rate and it's a challenge to keep up with all the work that comes with it. I'm still working part time. I posted this link because I'm a firm believer of co-op marketing and an even greater believer in rewarding my team. Show up, its the best thing you can do for yourself. SFI offers great training and incentives with the versapoint system and its great to see your progress every day.

I believe its best to know the truth about any program you join. Its important to realize that working with any business requires an investment in both time and money. To expect to make thousands of dollars a month during the first year seems unrealistic for me. No business I have been a part of over the last twenty years has that kind of ROI and I do not expect it here. I do expect to be rewarded for my efforts if I give it 100% effort over a reasonable amount of time.  Give it at least a year of daily effort and then make a decision to move on or move forward, but be honest with yourself; did you give it all you got? SFI offers training that you can use throughout your entire marketing career.

If you are a member of my team I hope you find this page a useful tool in building your business. If you are joining today, welcome to SFI and may all your efforts be rewarded.

Friday, September 14, 2012

SFI Leadership Page

Every active affiliate in SFI has a leadership page

Visit my Leadership Page for the latest tips, contests, and more for our team at: My Leadership Page. This is one of the great tools on SFI. I have been learning so much from the free lessons on SFI's Launch Pad and PIP's dotcomology and daily lessons that I hardly have time for my old job. Plug in Profit, by far, offers the best opportunities. Plug in Profit

Wednesday, November 23, 2011

Networking Online

I have discovered several secrets that have revealed themselves in the process of attempting to expose my offers and develop a network (there are really no secrets, just information I choose to ignore when I’m impatient or just plain bull headed): exposure is one of the most important keys to sales, networking is a group sport, and no one is going to promote your business unless there is something in it for them…oh, and one more thing…there is no such thing as free. Everybody seems to already know this common sense knowledge but few people practice it and many are paying to hear this age old knowledge. Now I’m still learning but from what I’ve seen so far there are very few opportunities on line that make any money and fewer that might help me make a living but selling these secrets has become big business. If I am going to make above average income I probably will need to put in an above average workday, for more than a few days, this is my guess. It’s not likely going to be an overnight sensation or be $5000 a month by the end of the first week. It’s already been a few years. I strongly believe it’s possible to make as much as anyone can imagine without taking advantage of someone else; providing a product or service worth the investment and delivering customer service that is priceless should build a loyal following and prosperity. Let me discuss each “secret” as I understand them thus far.

I understand that networking on line is not the same as networking with your friends and family, exactly. There seems to be a huge mistrust factor that stands between those looking for opportunities and those who have legitimate offers to make money on line. The networking community is still a community and I believe we have certain values and beliefs and a culture all our own. Still, it’s no wonder with 1000’s of sites offering to reveal the secret to success for a small and sometimes not so small fee that I might feel scammed after losing a lot of time and money and no return on my investment. I have been surfing TrafficSwarm for over a year now and wonder at times if I should change my approach and join the many offering non-products. I have learned a lot over the last few months.  Are you wondering why anyone would advertise and surf for credits to an audience with the same intention? If not you should be. I have hope that exposure and action will result in development… is it true there is profit in all labor even if it’s not cash?  I have learned a lot from reading and viewing other sites, how they grab my attention and which sites “make me” want to find out more. Yet those others who are on the network are not likely to be interested in joining my network and most seem to be targeting marketers who have joined sites like TrafficSwarm, promising they have the secret solution to their problem…traffic. It’s here that on line networking works like it does off line, but not exactly. Traffic exchanges are only a part of the vehicle driven by web marketers to promote their products and services. So, for the completely unknown web site, this might be the best place to start at no cost but time, my most valuable asset.

Is exposure the key to sales? I have heard it is possible that my web site will be found on a search engine if I have the right group of key words, web building knowhow, can add content to my web site and stay actively engaged in promoting my product or service; but having these skills is no guarantee that I will ever be found by someone looking for my product or service. Learning the skills I need does not have to cost me anything if I am willing to take the time and research information that is for “free” on the web, what can be found through Google Search and other marketers that are more than willing to share their experience. There is a ton of information here on how to build a web site and sites that host for “free” such as Wix.com  or Web.com I found a site that charges $10 a month and then pays me for anyone I recommend to them…every month a referral stays active, how cool is that… the only thing better than free is getting paidGDI.com. I also found that Google offers to host and give you templates for a web site and a ton of other tools for $10 a year (I believe it’s in partnership with GoDaddy.com). Promoting products from network marketing companies with ready-made web sites makes it even more difficult to be found on the internet and they seem to design their sites to be that way…maybe because it has something to do with giving one marketer an unfair advantage over those still working the friends and family list. Traffic exchanges like TrafficSwarm  might work for me, even if most of the traffic I’m getting couldn’t care less about what’s on my site… I still get exposure and I believe the universe rewards those who take action with intention as long as I allow the time it takes to develop recognition.  TrafficSwarm may be effective; time and exposure works in two directions. It’s easy to give up when I don’t see results as soon as I would like or not in the way I expected but exposure is my primary goal. Surfing for credits when I cannot afford to pay as a member any given month has not only taught me a lot about what sites interest me but has also exposed me to other opportunities and tools I did not know that I did not know about. It’s a great way to research competition and find new ideas and inspiration for my business. I may have stumbled on some really good information and training too. In the beginning I lost a lot of money with Pay-Per-Click. Google, Yahoo, and Facebook all have PPC targeted advertising that probably would work great if I had a lot of money to spend. I blew through thousands of dollars without seeing a single sale result from my investment. Exposure here might be effective if I knew my target market very well but it’s really expensive. As Jeff Olsen says in the introduction of The Slight Edge CD; learned knowledge (reading books, training sessions, research and CD’s) needs to be coupled with activity knowledge (actually doing the work). I believe the more I expose my offers the better chance I have in reaching the right person at the right time. Consider how many times you have walked by the neighborhood store on the corner of “so-in-so and so-in-so” without taking notice. As long as it doesn’t close-down it becomes a fixture in your subconscious, a land mark. I think of advertising the same way; keeping my expenses as low as possible so I can keep my presence as long as possible, letting exposure and time develop success. It reminds me a lot like the prints I developed in my darkroom back in high school. I’m learning as I go and I’m always looking for good teachers that are successful marketers on line. I’m not trying to teach here just sharing , I’m reflecting on my experience because I think it’s important to act on what I’ve been studying the last two years and reassess my learned knowledge with what I’ve experienced by activity. The more I expose my product or service the more opportunities open up; this is why exposure is an important key to sales.

Networking is a group sport. Simple logic…there is no such thing as a one man team. I know now that it’s hard to listen to someone tell you how to run your business but I have failed so many times in the past that I have learned that listening to a mentor, getting input, reflection, responding and change happen best in a dynamic environment with others. Having people you respect critique your work and offer constructive criticism helps develop a more targeted, clean and effective approach. This also means that those who join you in your quest, becoming part of your network are team members…not your down-line. Terminology is really important here to me. If I refer to those who join me as my down-line I imply they are always beneath me, it should always be possible that some of my team members will do a better job than me, because they work harder or just plain smarter than me and therefor MAKE MORE THAN ME. Each member of the team has something to offer the team as a whole. Communicating with each other is essential. On line this can be made amazingly simple. Emails give you an opportunity to think through your questions and time to consider the answers. Blogs offer the platform to explain any topic, both questions and answers, at length. Today with Skype any number of members can talk or chat in real time, sharing ideas and even planning small get-togethers’.  Meeting, forums and briefings can all be done on line. Facebook pages can be centered on team experiences and private sites can be made for teams within the team to work on group projects. Then, when you get together for an outing, you have synergy, purpose, direction and a shared vision. Building a team takes time. I want my team to be small, no more than six members. Larger groups become hard to manage and helping each member build their own team is easier and more manageable if the number is small. Thinking of others as my “down-line” raises me above everyone else and it looks like a corporate pyramid with only one person at the top…who needs that? This is why networking is a group sport and not a “rock star” celebration. Network marketing is doing the little things that need to be done every day, the boring chores that need to be done even when we don’t see immediate results. It is easier to do them together as a group. Costs can be shared, resources can be shared, and the burden of boredom can be overcome by the entire team.

The Slight Edge by Jeff Olsen explains how we are successful by doing the “mundane”. This is really important to me because I’m reminded that I have to keep up on the daily task of marketing long before I see results. A mentor is not always a team member. Finding someone that has what I want or has achieved success is essential, why should I listen to someone that has not. Everyone needs a point of reference to stay on course, and a ship with a crew is better equipped to navigate the rough sea than a one man boat…I just made that up but it sounds good. Most things I do will not make a million dollars but over time the things I do will have positive results well over a million. If I really want to develop a network that will make you rich I think you need to make rich relationships. Each network relationship multiplies my wealth because each person that understands how networking works benefits even if they are not on my team. All of my relationships enrich my life and the other person in some way, or the relationship does not last long. So, for me it seems obvious that networking is a group sport.

Hiring marketers can be expensive and if I want to do this for a living it makes as much sense as a painter hiring a painter to paint for him. No one is going to promote my business unless there is something in it for them, for a few out there friends and family don’t mind lending their support.  I do not want to profit from the people whom I call friends and family, they are my primary referrals to others if the product or service I offer has any value to them but it’s not likely that they will be in my target market. I think most people that shop at Wal-Mart could care less how much richer they make the family that owns the company. I sell products to the general public, a much larger market than friends and family who are not reliable connections to the majority population and may have no connection to my target market; if my products and services are on line I need a wider marketing strategy and advertising is costing me either time or money. I thought it would be effective to advertise off line, like posters and bulletin boards so local people could see what they might find interesting by going to my web site so my friends and family don’t have to join my business or promote my product or service.  On the other hand they know what I do and know where to send someone they know for anything I have to offer. Having very little money to spare for my advertising budget led me to traffic exchanges and off line guerrilla advertising. Having satisfied customers is my first goal, if my friends and family are not interested in what I have to offer than reaching my target market is going to take more time and it will be more difficult for me to relate to. From a social standpoint it’s not likely I’ll even know how to reach them since I don’t travel in their circles. Construction workers may find it difficult to sell makeup. Marketing takes on a different face when it reaches out to the general public looking for interested patrons. Building a customer base takes time because trust is not developed over night. The amount of time it takes to build recognition in any market is way too great for me to afford the financial expense of hiring someone else to build the reputation and brand I need.

I hope to learn a lot through working with the Traffic Broker program on TrafficSwarm. They have a complete course on how to market products by finding websites to place banner ads. What’s great is that they are teaching me how to find sites that have traffic to promote companies that can afford an advertising budget. TrafficBrokers teaches that “"affiliate marketing" is generally considered to be the best way for the average person to start making real money online. This is where you earn commissions for promoting other peoples' stuff” and this sounds like a great place to start. Learning how to promote advertising for other business will help develop skills and understanding on how to develop connections for my own products outside my immediate marketing arena. I have already learned a great deal with the lessons included with the TrafficBroker site. No one will promote my business for free and I can get paid for promoting someone else while I learn the ropes.

Lastly, there is no such thing as a free lunch. Developing the skill set to become a good marketer has cost me either time or money. I have spent several thousand dollars on formal education and countless hours in class and on line. Even the “free” information on line has taken many hours of research, practice and development. I have paid much in time and money making mistakes and trying to develop my own niche but in all activity I have learned more about marketing. The past three years have been an investment and I have enjoyed it.

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