If you find Ted Nicholas’ Funnel Marketing principle too complicated for you and you want a more linear approach with which to view your Internet marketing business, then the 4 elements for your profit pipeline might work wonders for you.
All of the 4 elements start with a P so it won’t be a chore for you to remember. This is in relation to your profit pipeline as an internet marketer, something that you cannot do without as you try to make it big in this business. Master these four, and you will be master of your profit pipelines.
Prospects
Your prospects are your potential buyers. They are the ones you try to get to subscribe to you and buy from your products. Once you have built your networks of prospects well, you are already well able to expect a very viable profit pipeline.
The prospects you will be gaining from your target market are the ones you will have to consider in all your marketing decisions. They are your audience, the end user of your products and the source of most of your profits. If you render your prospects good services, you will definitely be on your way to Internet marketing success.
Products
The products are the things which you offer your prospects. It can either be your own products, or pre-existing products you found in the internet market. A good product is what brings in the buyers. It is what they expect to get from you, be it in the form of soft products or offline and tangible products.
If you are able to sell a product which fills a need in the target market of your choice, then you can and will expect your profit pipeline to flourish, and an equally healthy competitive ground to keep you in top shape.
Promotions
Perhaps you already have your leads or prospects, and you have finally decided what products you are about to use. Promotions are the means or vehicle by which you make your prospects aware of your products and create a need with which they must act urgently.
Promotions should be carefully considered and part of your marketing budget. Promotions that are unique, well thought out and very much in sync with your products’ image and your prospects’ preferences, will most likely bring you pools and pools of steady income for your profit pipeline.
Profits
This is like the pot of gold at the end of the internet marketing rainbow. It is what remains after all operating expenses and incoming prospects’ purchases have come in. When you sit down and finally go and do the math to see if you are earning, you are in the process of learning about your profits.
A carefully studied and strategized set of actions that leads to maximum profit is the lifeline of your profit pipeline. In whatever niche you chose to invest your work in, you must be able to generate profit and experience internet marketing business at its finest.
