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What the heck is Web 2.0 and Social Networks anyways?

Well Web 2.0 actually is a phrase that was coined in 2004 referring to a second generation of Internet-based services that were being birthed at the time--such as the social networking site Myspace and Facebook --that emphasize online collaboration and sharing among users.

For sure many people have different definitions of exactly what Web 2.0 means to them. But for the sake of this discussion I'm defining Web 2.0 as -- the paradigm shift that takes place when an individual quits looking out for their own good and instead starts looking out for the good of the network (including their prospects) they belong too.

Let me give an example of what I mean:

Web 1.0 Example -- A marketer needing sales sends totally unsolicited e-mails to a group of prospects he has no prior relationship with. In the process he makes a few sales but ends up totally alienating himself with 99.5% of the list. As a result that marketer trades any chance of future growth away in exchange for a few quick sales.

Web 2.0 Example -- That same marketer needing sales sends an email to the members of his network stating he is available for brainstorming that evening in the social network he shares with them. In doing so 25 members of his network join him in the sharing of ideas on how they can assist the other members of the network with their services. In doing so the marketer learns 7 of the 25 members of the network have an immediate need for his service. As a result that marketer earns a few sales but builds a platform in which he can continue growing his business far into the future. Plus he sets up a new joint venture with another member of the network making him untold amounts of money in the future.

I can share a million different examples but what everything boils down to is this -- in order to achieve maximum success in life you will need a very large network of individuals watching your back. In order to build this network you will have to interact with others in a way that shows them the value of being involved in your network. Which means you will at first have to give out more than you take in.

But don't worry! Making money in a Web 2.0 environment is extremely easy!

Web 2.0 Rule #1 -- Build your network in the precise presence of your prospects

Sounds like simple advice but don't you dare discount it. You simply can't afford to if you're looking to make good money on the Internet. Too many people are building their businesses away from where their prospects are. Which always leads to failure.

The old Web 1.0 way to reach prospects included expensive websites, even more expensive search engine optimization or pay per clicks. I know this because I have sold those same services to clients for the last dozen years. So I know Web 1.0 unlike anybody else.

But those days are gone forever. Now I only recommend one tool. And that's a free Sta.rtup.biz account.

Sound awesome? It most certainly is.

The good news is Sta.rtup.biz is absolutely free to set up an account with them. And it's free to maintain as well. But best of all is that their network is full of like minded people looking for people just like you to network with.

After only a few short months in existence the network is already generating over a million page views a month. Do you know how many people it takes to generate that kind of traffic?

Building your network on Sta.rtup.biz just makes sense!

Web 2.0 Rule #2 -- Build an opt-in list to be able to effortlessly communicate with your prospects.

Because an opt-in mailing list is always the nucleus of any successful marketing venture it is absolutely essential that you start building your own opt-in list as soon as you possibly can if you have any intention of becoming a full-time marketer.

Unless of course you aren't interested in effortlessly networking with future buyers of your product or service.

You might also not be interested in reaching your own magic e-number.

What you don't know what your magic e-number is?

Your magic e-number is determined by how many prospects you have to get opted-in to your list before you start grossing $1 Million in sales a year.

For some it was 10,000 prospects. Others it was 50,000.

Of course it depends on how much you make per commission. And how much energy you have in doing what it would take to gross a million a year. But the point is there is an actual number that once you hit it you will be financially set the rest of your life.

Sound incredible?

It isn't. Ask anyone worth their salt in Internet Marketing if they have an opt-in email list. Then ask them how instrumental that opt-in list was to their success.

So until you have an opt-in list of your own you are taking yourself out of the game without ever having had the chance to get in to the game.

Don't slight yourself. Life is too darn short as it is.

Web 2.0 Rule #3-- Implement An Automated And Relentless Follow Up System

Let's start by roughly defining what an AUTOMATED FOLLOW UP SYSTEM is and how it benefits you as a marketer.

Basically it's an online software program that will enable you to automate your follow up process with the prospects that visit your site. It is certainly a vital component of any automated marketing system. If not the most vital.

You can get pretty innovative on the follow-up messages and place them in a series of email messages that build one on top of another. That way you build your credibility up pretty rapidly with all the prospects who opt-in to your list.

So when a prospect opts-in to your mailing list the auto responder will start following up and conversing with your prospect so to speak on your behalf.

Which in turn will help you build rapport with your prospects. Which is always a very good thing for a marketer to do.

Experts have shown that it often takes 7 or more ad exposures before prospective customers actually make a purchase!

If you are to stand any chance at succeeding you are going to need to stay in constant e-mail contact with every single one of your prospects!

With an auto responder, your opt-in prospects will automatically receive your message the essential seven or more times over a period of days, weeks, and months when they request information from you.

I can't stress enough just how important it is to have an auto responder for your business. It may be possible to succeed without one, but why try?

I’d consider such a task on par with trying to learn to play the piano with your thumbs cut off!


Web 2.0 Rule #4—Confine Your Marketing Efforts To Your Opt-in List


One of the biggest mistakes I see amateur marketers make in social network environments is the fact they try to jam their web link down the throats of anybody and everybody they come into contact with.

They do this because they are usually desperate for sales and know no other way in which to market their business.

But if you confine your marketing efforts to those people who have opted in to your list you will go along ways towards building a strong foundation for your network.


Web 2.0 Rule #5—Maintain Daily Activity On Your Social Network


Remember the early bird always gets the worm. I see a lot of people attempting to grow networks without putting any elbow grease in to make it happen. So quit being lazy and log in to Sta.rtup.biz daily and meet and greet the new people who are signing up daily.

Success will be yours if you do!

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Thanks for the insight. I have not been at this very long, so it may take me some time to absorb all of the nuances that you are showing. Keep the help coming.

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I can see why this is a very popular article. Very good advice Matt. Thanks.

Best to you,

Charles Larkin

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Great info, as usual. We all appreciate your efforts. Thanks.

Lynn

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That is very true and straight to the facts please inform me of more information.

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I absolutely agree with your philosophy about building relationships first and not pushing your biz on anyone. I am a 'newbie' to web 2.0 marketing and please... this is probably an ignorant question, but just how does one go about creating an opt-in list? Is that just by making friends and communicating on our network? Any info would be greatly appreciated. Thanks for the time and effort you put into this article!!

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Thanks for all the info. I found it interesting and very informative. I little bit of work can bring you a great deal.

Thanks
Kimberly
www.middyembroidery.com
twitter

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Hi Matt,

Well said.. That really matters to all business especially the start up business. thanks //elmer

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I agree that building a list is crucial to business success. i have a profile on many sites, but Sta.rtup.biz is one of my favorites because every members is concerned about building a business. They are not just here to socialize and schmooze.

Sometimes, I feel that these automated emais are a bit too much, too often, and they overwhelm my email box, interfering with my receptivity to some other emails that may be valuable for me. i feel there is a fine line between not marketing enough and marketing too often, too "in your face." But some of the most successful online marketers seem to be doing just that - and they are succeeding.

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Great post. We have set up an auto responder with a 9 part e-course and a free report and are getting good response so far, need to get more active on social networking sites tho'.
Looking forward to discovering our magic e-number.
Warm regards
Graham.

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Matt

These are excellent pillars to building and maintaining an online business. Communication is key and especially how and with whom we do that. Thank you for sharing your knowledge.

James

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H. i Matt:

Hope your endeavors are beginning to pay off. I have been on the receiving end of your effort and have watched how you are running your program. Last night I published a blog which I am hoping will bring me in a few opt-ins. Will find out when it goes out to all the early part of June. Keep up the good work and I will continue to review everything you send out. Carl

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Hey Matt,

Is there a way to greet several new members at once or must it be one by one?

Thanks,
Terri

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