31 Step Success Building Starting with a PENNY

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DAY 122

Update: Tuesday, 12-Jul-2005 3:13 PM

Then a better day...

Not sure what happened yesterday. It was an "Indecision Monday" as I could not do anything. I did manage to update the NEXT SuperStock site and now I have left it up to a staff member to finish some of the details.

As far as what I could point out, my routine was off --a family guest who I thought would show up in the late afternoon was at the door in the morning I guess I am a creature with a good routine and when that gets messed up, all things go down the drain.

Anyway, that over with an I am going again.

Most of the press releases are done and what I had in the queue was to work on the articles using the press releases. I was going to have about 25 articles and now I have put that off to test something that I have read over and over about.

Here is a summary of the test that I wanted to run:
I wasted to create an account at Google --well, I have already done that --and place advertising that led readers to a site where I was selling a product. In this case the product I came up with was one that would build corporate credit for the buyer. The report's know-how comes from all the research that I did over the last 2 years regarding corporate credit building after spending about $8,000.00 to have it done by a consultant. Well, it never got done but I did manage to get my money back unlike a bunch of others who were out anywhere from $8,000.00 to about $22,000.00. I think around 30 people lost their money in the process.

However, in the mess I saw an opportunity where I could create a product and sell it on the Internet using all the ideas and techniques that I have learned from various articles and ebooks.

So, here goes the plan:
A. Create a good CORPORATE CREDIT BUILDING MANUAL -- research done.

B. Web site secured. I got www.corporatecreditbuilding.com --although I will be selling the item from the SUCCESS BUILDING CENTER at this site, I wanted another location to promote the product and that domain seemed perfect.

C. My focus will be to work on products and services that help mostly North American based businesses build their credit history and get commercial credit lines. ALL this is part of BUSINESS SUCCESS BUILDING. Most business fail due to a lack of credit.

D. The Business Credit Manual will be the first product. I'll add an area where buyers of the product can get their latest links and resources.

E. The only other product I have decided to create is a summary of all the products, services, tools and techniques that I have used to build this site and the 31-STEP Success Plan. I plan to sell the "Manual" for this site for about $9.95 or a bit more with access to a "Private Site" with updates. The object is to create a list of resources, a work book and other helpful 'knowledge base' that will aide anyone trying to build their own business or success plan!

Having said that, there are other products that I have kept working on that I will also sell. There is a subscription at NEXT SuperStock and one other product that I am handling there. Lastly, there is the building of an Investment Fund that I wanted to finalize before the end of 2006. I spent a considerable time thinking about all this work, and made a decision that by September of this year, I'll make sure that cash flow is going well and 'up-date' myself to an office where I can get the aide of at least one staff member (locally) to help all the work that I am doing. Especially, with the building of the Investment Fund, I should have enough cash on hand to delegate some tasks before I go "nuts!!!".

So, my focus remains like this throughout out all the work that I am doing:

1. For P31.COM and the 31-STEP Success Plan:
a. Corporate Credit Product & Download Area.
b. Site Summary and Download Area.
c. 31-STEP Success Building Center

2. For NEXT SuperStock.com:
a. Stock pick of the week.
b. Stock pick of the month
c. Subscriber only area

All the above items are ongoing things that I do anyway. I have been doing them for a long time and I am confident that I can keep up this aspect.

Lastly there is 3. Maxsimo.com:
There are no specific 'products' to speak of here --the entire network is ONE BIG product. However, it has been a delay after delay and I am exploring a new 'game plan' to make sure that all work in the future will get done on time.

Most of my time is focused on:
a. White paper that explains all aspects of the network to new programmers.
b. Sales area Update --The programming work is still not done. This has been a major set back to me, but there's nothing that I can do further. I have essentially fired one staff member over this, and now I am working with another programmer to finish this.

For ongoing daily updates and maintenance of the network I have hired a new group of programmers in the Netherlands, where the work is much more reliable and the outcome is far more predictable.

These are the ongoing tasks that I have to work on product wise. In item #3, I have company help. In item #2, I also have help and it's a matter of maintaining what I have always been doing. Nothing added there.

Then all the work that is left is with the ITEM #1, and that is where I need to put some focus.

BACK... Update: Tuesday, 12-Jul-2005 9:58 PM

One other aspect of what I am doing that I have discussed at length is the mailing lists that I am developing. On the left side of this page and on the right side of the NEXTSuperStock.com site I have a mailing list subscribe area.

When I first put up the mailing list I found out that they did not work. I have made an error in the way that I setup the mailing list within the template and it did not work. Now I have perfected it and the entire subscriber area works fine.

Both mailing lists are run by Subscribe Me program which I will profile in the resources area because of some of the abilities of the program. For instance, the installation is rather simple after the file setup is done. The installation is then done by browser using the program itself. Rather easy for a non-programmer like myself in the drivers seat.

Back to the idea of the mailing lists... I plan to send only one email per week. I think that is enough to inform but not too many to become a pest to the subscriber.

The objective with them mailing lists is two fold:
1. They 'interact with the user of the site' on a weekly basis.
2. They deliver content and allow me to run several targeted ads.

This will then allow the weekly revenue source that can be in the hundreds of dollars. Once again, giving me a channel to add to the total to keep doubling the pennies.

What I plan to do with the mailings is something like this:

-------------MAIL TEMPLATE:
Mailing List Menu for the Week
for the NSS LIST: Company of the week or month
ADD ONE
Other information about NSS
ADD TWO
Past picks -Updates
ADD THREE
Ending Paragraph
---CO-OP ADS AREA
-------------END of MAIL TEMPLATE

I believe I can generate about a thousand dollars of revenue between the two mailing lists on a weekly basis, with the investment ezine getting about 65% of the revenue and the P31 mailing list getting the other 35%. What is more important than the revenue is the communication between the site user and the sites.

The communication on a weekly basis allows me to introduce new products and specials to the subscribers on a regular basis.

As far as all the planning I am doing, this is an inescapable element of the work that I am doing. I wanted to not be obligated to any of this, but after a lot of consideration about what I wanted to do, I feel confident that the mailing lists will be an integral part of the success of the Business Success Model that I am building.

Ok, with that thought I'll end the day. I've had a much better day than yesterday, and I hope tomorrow will be even better. Hope for you too! Success, Sam.

BACK to DAY 121 | DAY 122 | NEXT is DAY 123

 

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Below are links to my thoughts, comments, actions, results and a BLOG as I take ONE PENNY (USD$0.01) and double it thirty one times utilizing a 31-STEP Success Plan™ in an effort to build the PENNY to USD $10,737,418.24:

STEP 01: $0.01
STEP 02: $0.02
STEP 03: $0.04
STEP 04: $0.08
STEP 05: $0.16
STEP 06: $0.32
STEP 07: $0.64
STEP 08: $1.28
STEP 09: $2.56
STEP 10: $5.12
STEP 11: $10.24
STEP 12: $20.48
STEP 13: $40.96
STEP 14: $81.92
STEP 15: $163.84
STEP 16: $327.68
STEP 17: $655.36
STEP 18: $1,310.72
STEP 19: $2,621.44
STEP 20: $5,242.88
STEP 21: $10,485.76
STEP 22: $20,971.52
STEP 23: $41,943.04
STEP 24: $83,886.08
STEP 25: $167,772.16
STEP 26: $335,544.32
STEP 27: $671,088.64
STEP 28: $1,342,177.28
STEP 29: $2,684,354.56
STEP 30: $5,368,709.12
STEP 31: $10,737,418.24
Legal Note: I am not a Financial Advisor, Lawyer or Accountant. If you are going to do this on your own
seek professional help when you need it. Through this site, my BLOG, I am simply sharing my
thoughts, goals, and showing what I am doing.
Collectively "INFORMATION" that you can read to follow along. Otherwise, go here...

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