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Internet
Marketing vs Forex Currency Trading
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by:
Amin Sadak
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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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