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Welcome to WealthMountains Tips for Extraordinary Wealth!
Issue 060909-022   (Sat, 09 Sep
 06)
Written & Published by Keith Choy
We love to hear from your views to this issue.

Table of Contents: How ClickBank And Amazon Changes Benefit You

  1. Infopreneur: Two Latest Addition To Amazon
  2. Resources and Tools for YOUR Success!
  3. Tool of the issue: Free 3D eCover Generator
  4. Book Recommendation: Automatic Wealth - The Six Steps To Financial Independence

1. The One-Minute Thought


First off, thanks to the folks (Blase, Cindy, Max etc) for replying to my previous check on your experience with GoDaddy webhosting services.  I really appreciated your reply.

At least I now know I am the only one having problem getting meaningful support from their GoDaddy Helpdesk.  In any case, I have advised my friend to consider shifting away from GoDaddy Hosting already.  Thanks to all who reply.

In the past 1 month, we have seen quite a few products launches (eg from Ewen, Cody, Jon, Joseph, Anik etc).  I was also given opportunities to preview 3 of them prior to pre-launch and I must say the packages are getting bigger (but not necessary better in some cases).

Before you buy into any of this launch, do check if they are suitable for your own business strategy.  Will those tools help you achieve your goals or will those tools distract you further?  Make the decision before you find your cupboard packed full of stuff that you never use.

Beside the above product lauches, there were also changes to 2 major powerhouse on the Internet Marketing scene, namely ClickBank and Amazon.  I am an affiliate for both programme (I'm sure most of you are too) and I know these changes will definitely help you.  It has helped in my Clickbank sales conversion.  Read further below to find out how the changes benefit your sales.

 

2. Seminar: Dan Kennedy Recorded Live Speaking On How To Inexpensively Attract A Flood Of New Customers To Your Business Or Service


Dan Kennedy speaks to over 200,000 people a year and is one of the most in-demand direct marketing consultants in America today. He appears with marketing greats and celebrities like Zig Zigler, Tom Hopkins, Bill Cosby, and General Norman Schwarzkoff to name just a few; he has written 6 books including the bestseller, 'The Ultimate Marketing Plan.'

 

Dan is one of the marketing gurus that I spent a lot of time studying after.  I have a lot of his tapes, home study course and books.  His practical advices have helped in my marketing effort many times over when I first started off (in non-internet niches).

 

Hence, I was happy to find that Michael Senoff has posted up the seminar presentation by Dan on his HardToFindSeminars.com site.  Listen to the marketing wizard himself as he markets his own product (Magnetic Marketing System) ; an indelible treat that alone is worth a fortune.

 

Part 1:

Part 2:

 

Review through this audio seminar to see how to Michael uses audio seminar to sell his product.  A useful technique to apply in your own niche too.

 

3. Internet: Don't Use "Web Law Generator" Or You Will Be Sued!


By Keith Choy

The most talk-about news in the Internet Marketing space in Aug 06 must be on the product "Web Law Generator" that had violated the copyright of Bob Silber.  Bob is now out to protect his rights by threatening to sue those who continues to use the templates generated from this tool.

For those unfamiliar, "Web Law Generator" is a $47 software tool that was sold on the Internet with Master Resell Rights.  It was meant to help create Legal templates that you can place on your website (for your TOS or disclaimer etc)

Bob Silber (owner of the Legal templates) claims that he had not given out his rights for those Legal templates to be sold.  Hence, he is seriously looking into this.  He contacted and threatened to sue some of the big marketers such as Mike Filsaime.  To be fair to those marketers, they were not aware of this infringement in the first place when they use the tool.  In the end, this was settled by paying $3,000 to buy over the rights for those templates by each marketers who wants to continue to use the templates.

Hence, if you are using "Web Law Generator" to generate any templates for your site, take my advice and take them down immediately!

If you are looking for alternatives, try the following:

Option 1: Get Your Lawyers To Help You Craft The TOS, disclaimers etc

This is an expensive option but you should consider this if you are running a serious and big business.  This should be part of your business expenses.  Don't save on pennies and paid pounds in the end.

Option 2: Check Out the Legal Resources Sites

I got the following tips from Charles Smith of WebProfitSchool.  You can find useful forms in these two free legal resource sites:

  • Lectric Law Library Forms ( http://www.lectlaw.com/form.html )
    This site claims to be the largest collection of free legal forms on the Web. Forms are divided into two broad areas: law practice and business and general. There is also a section on Premium Forms that links to the commercial vendor U.S. Legal Forms, Inc. where forms can be purchased. Law practice forms are subdivided into general practice and litigation. Most of these forms are free, however, use diligence in checking their accuracy, currency, and validity

  • Another source for free legal forms is from the Internet Legal Resource Guide ( http://www.ilrg.com/forms/ ).
    These forms cover a variety of topics, including basic agreements, employment, leases, transfers, and other areas of legal practice.

So start protecting yourself now!

About the Author:
Keith Choy runs the WealthMountains Internet Portal which offers tips, tools and news on path to multiple streams of income. To sign up for his WealthMountains Newsletter, go to http://www.wealthmountains.com/news.htm

 

4. Internet: Two Latest Changes In ClickBank


By Keith Choy

Since the start of Aug 2006 to early Sep 06, ClickBank has made 2 changes to its system.

First Change:  Order Form

In early Aug 06, ClickBank replaces their previous 2-step order form with a 1-step order form.  Previously, a buyer of your ClickBank product needs to enter their country and postal code on 1st page before being shown an order form on second page.  I believe this allows ClickBank to determine the amount of country-related tax that it needs to include into the final sales computation.

With this new 1-step order form, this is now simplified for the buyer.  Not only does the new order form looks more professional and updated, the related-tax amount is also automatically computed.  The buyer does not need to go through 2-steps.  It has been known that the Order Form is one of the critical point in which the buyer may drop the idea of purchase.

Hence, having this latest change does help in sales conversion.

On one forum, there were a few marketers who reported that their sales conversion has increased after this change by ClickBank (they have not made any other changes).  Personally, I have also seen some increase in my own sales.

Second Change:  ClickBank Home Page and MarketPlace

This second change occurred in early Sep 06.  If you go to ClickBank now, you will notice that ClickBank has updated its website design.  It looks new and professional compared to its previous dated design.

Even the Marketplace has been upgraded to include a search function.  You can also create your own affiliate link directly by clicking on the "create link" for each product in the MarketPlace.

The Bad part

I noticed that my feeds update from ClickBank was affected after this series of changes.  In particular, my ClickBank Buddy setup was not able to connect to the ClickBank database to download the product information anymore.  I am still checking back with the creator to see if there is a workaround for this.

Other changes to come?

In my testing, I noticed that ClickBank may be including in an option for recurrent charging.  This option is not active yet.  This option was also observed by Sam Stephens of DLGuard.

This is indeed a great news for those who are running membership sites that needs to charge their customer on a regular basis.  I guess ClickBank is now working on the final details such as how to handle refunds, how to notify the seller and its affiliates of each sales etc.  Do stay tuned for any update in this area from ClickBank.

Honestly, I am happy to see that ClickBank is finally changing and upgrading itself to keep up with times.  This was the first payment processor that I have used and I am still using them now.  This is so as I like some of their features like build-in affiliate program and automatic payment handling to affiliates.   I have also used other payment processor such as PayDotCom but each providers comes their own strong and weak points.  With the appearance of other competitors such as PayDotCom, I am sure we will see more changes coming up in ClickBank soon.

By the way, do expect to see some major changes in PayDotCom soon.  Mike Filsame has announced that he will be shifting 80% of his programmers to working on the upgrade to this site soon.  That's good news for us too.

To learn more details on ClickBank, click here.
To learn more details on PayDotCom, click here.

About the Author:
Keith Choy runs the WealthMountains Internet Portal which offers tips, tools and news on path to multiple streams of income. To sign up for his WealthMountains Newsletter, go to http://www.wealthmountains.com/news.htm

 

5. Infopreneur: Two Latest Addition To Amazon


By Keith Choy

If you are an affiliate selling books, then most likely you are an associate for Amazon, one of the World's biggest online bookstore.  The updates below would be good news to you.

Recently I noticed that Amazon has added 2 free tools to their associate central member area.  They are namely the Omakase Links (beta) and aStore (Beta).  I  have done some testings with these 2 tools and below are my observations.

First Addition: Omakase Links (beta)

This is a javascript which automatically feature products that visitors to the page are most likely to buy. With Omakase Links, you do not need to chose which product, product line or even keyword that best fits a page. The algorithms will optimize product offerings based on what you has been successful with in the past; what that user has been interested in; as well as what the site is about.

You can choose the available options and the format of the ads to be shown on your site.  Treat this like an Adsense ads and blend it into your site (eg. match it to the colour scheme of your webpage for higher click-through).

In my testing, I found that the webpage must be viewed a few times (in one niche, it took around 4 times) before Omakase Links will optimize the ads for that page.  For example, on 1 of my site focusing on Adsense articles, it was able to show recomendation for Adsense books correctly.

However, on another niche site, irrelevant ads still shows up no matter how many times I viewed the page.  This affected my click-through-rate on those webpage.  Imagine seeing an Amazon ad on "Teleseminar Marketing" on my Bakery site and you understand why this is not helping in my sales.

Nevertheless, this is still a good tool to use on your website.  Do TEST it out before you fully deployed it for your niche.

On another note, as this tool uses its algorithm to detect what the site is about, I have a gut feel that you would not be able to place an Adsense ads and a Omakase ads on the same webpage.  This could be a violation of Google Adsense TOS if you do so.  Google does not allow a similar contextual-text ads to be on the same webpage that its Adsense ads are on.

So for the moment, avoid placing Amazon Omakase and Google Adsense ads on the same webpage.

Amazon aStore (beta) Second Addition: aStore (beta)

This new aStore can be embedded on your site so when visitors order they never leave your site and it appears as though the shopping cart is right on your domain. One of the ways Amazon suggests doing this is with an iframe. Below are my observations of this new tool:

  • You can add a maximum of 9 products on 1 storefront.  You choose and decide which 9 products (eg. books, CD etc) to be included.  One suggestion to consider, group your storefront on 1 topic so that it serves you better.

  • You have 8 themes to choose from.  You can also change the colours of the background, fonts and what to displayed.   You can also set the title of your stores and make it to fit into your site.  However in my testing, I found that you can only setup 1 Amazon aStore.  You cannot customize multiple stocks for different niches.  If you need that functionality, wait for my review in next issue.  I am experiment using another tool.  You can see that separate testing page at my Internet Book Store here.

  • aStore allows you to present your Amazon store in 3 ways (I test out 2 of the methods):
    - As a simple link to your store as a standalone site
    - Embed the store using an inline frame
    - Embed my store using a frameset.
    The later 2 options would blend better into your website.

  • I noticed that due to the way Amazon is displaying the store, your page is recommending to be at least 700 pixel wide.  If you have a smaller width, part of your store will be hidden (see my example above).  You should also add some content for the embed store so that the search engine can spider your storefront.

These two additions by Amazon is definitely a good step towards helping its affiliate in promoting its products.  You no longer need to play around with datafeeds handling if this meets your requirement.  Do test around this tool.

Learn more about these new Amazom tools by becoming their associate.  Signing up is free.

About the Author:
Keith Choy runs the WealthMountains Infopreneur Portal which offers tips, tools and news on path to multiple streams of income. To sign up for his WealthMountains Newsletter, go to http://www.wealthmountains.com/news.htm

 

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7 Tool of the issue: Free 3D eCover Generator


If you are tight on budget but need to create a decent and professional cover for your eBook, then you will be happy to find Free 3D eCover Generator at the website below.

http://www.professionalecovertemplates.com/freecovers/

This is an online tool where you select the eBook template, submit your front cover design and it will help to generate your own 3D eBook cover.  This is a simple 5-steps process.  You can then save the images to your harddisk.

 

8. Book Recommendation: Automatic Wealth - The Six Steps To Financial Independence


Automatic Wealth - The Six Steps To Financial IndependenceBook by Michael Masterson, 288 Pages

I was going through a few books and chanced upon Michael Masterson's book, Automatic Wealth: The Six Steps to Financial Independence. The extract below was a great reminder again to me on what to watch out for while creating my own wealth and managing my own personal finances.

Put his ideas to work for you too.

==== < extract start > ====

Wealthy people count their money. I have no statistical evidence that this habit is a widespread trait among self-made rich people, but I suspect that it is. I believe most successful money-mak­ers regularly count their money. I believe this is true especially in the early stages, when they are just beginning to grow their wealth.

As their net income grows and they feel more comfortable with their wealth and more confident of their income, they count less. When they get superwealthy - Warren Buffett wealthy - Fortune magazine and countless other entities do it for them. But on their way up, they count.

And that's what I recommend you do. Specifically, I suggest that you do a per­sonal balance sheet every month.

Create a spreadsheet that lists all your as­sets and all your debts. Include valuable pos­sessions, stocks, bonds, mutual funds, gold, real estate (aside from your home), and so forth. Accurately estimate the value of every­thing. If there is a question about how much something is worth, pick the lower number.

List all your indebtedness, too. And be completely candid.

Just going through the process will train your mind and heart to understand financial wealth as financial net worth.

After you've done this six or seven months in a row, it will become automatic. And while you are doing that monthly spreadsheet, remind yourself of the savings goal - that you will save more money, in both absolute and relative terms, with each passing year.

You can make this exercise a bit more ex­citing by promising yourself this: That you will be richer each time you check.

That you'll do everything necessary to en­sure that when you add up your assets every month, the bottom line will be larger than. it was the month before.

You'll be amazed at how much this simple commitment can affect the way you think and even the way you act.

==== < extract end > ====

Excerpted from Michael Masterson's book, Automatic Wealth:Automatic Wealth: The Six Steps to Financial Independence, published by John Wiley & Sons

Article Source: http://www.wealthmountains.com/articles

 

9. Lighter moments: 55 Ways To Have Fun With Google


You probably use Google everyday, but do you know... the Google Snake Game? Googledromes? Memecodes? Googlesport? The Google Calculator? Googlepark and Google Weddings? Google hacking, fighting and rhyming?

The book "55 Ways to Have Fun With Google" contains over 220 pages and is available to buy at Lulu.com for $16.50 or Amazon for $19.66.

However, Philipp Lenssen of Google Blogoscoped has released the full PDF of his wonderful book for FREE at http://www.55fun.com   You can also download the full book as PDF (or Word)... it’s free to share & remix & do fun stuff with.  In this book, you’ll find Google-related games, cartoons, oddities, tips, stories and everything else that’s fun. Reading it, you won’t be the same searcher as before!

There are also other version of the same book in the works.  There is a Chinese translation effort available at 55fun.cn (there are already different Chinese versions), as well as two English HTML versions (some of these projects are works in progress).

To Your Success,
Your Trekking coach to Infopreneur, Stock, Internet, Real Estate and Personal Mastery
Keith Choy
Guide to Wealth Mountains

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