Personally delivered to you by Steve Lindhorst, author of
"Selling on 'the River', "The Niche Book",
and "Amazon - The Quick & Dirty Guide."
I hope you enjoy this short issue. To tell you the truth, not much has happened lately that has been very exciting. I've been concentrating on Amazon on one hand, while trying some new things on the other, which you will hear about soon...
Oh and by the way - for the record, in real life I do not look as red as I do in the video below...although I really am that bald. Also, I am proud that I was able to work my favorite gin into the scene.
On to the newsletter...
In This Issue
- Video Tip: Add the Shine Back to Your Book Covers
- 20 Ways to Make Money Now on the Internet
- The End of the "Wild West" Days for Online Sellers
1. Video Tip: Add the Shine Back to Your Book Covers
If you are a seller of used books, you may be able to relate to this: You find a book in very nice condition. It seems no one has ever read it. It has just sat around, possibly piled up with other books and the once-pristine shine of the cover has become dull and scuffed. It's a shame to rate a book as only "Good" when it's still practically "Like New." What can you do?
When I wrote, Amazon-The Quick & Dirty Guide, I mentioned a few ways to spruce up your books so they would be more appealing to your buyers. There was one thing that I hadn't figured out at the time though, and that was how to get that shine back on a cover to pull a little higher price from a good used book. I have figured out something that works for me, and I've created a quick video to show you what it is:
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2. 20 Ways to Make Money Now on the Internet
When I wrote my first ebook, Jim Cockrum contacted me and we began what has turned out to be a good business relationship, as well as a friendship. I've never told anyone this, but at first I was always waiting for the "other shoe to drop" as Jim helped me get started. I kept expecting that there would be some "catch" or "strings attached" to what he told me. There wasn't. I eventually found out that really is Jim a very nice, and honest guy.
Last week when he sent me an email announcing a new ebook titled: 20 Ways to Make Money Now on the Internet, I had to take a look at it right away. He may have sent me a free copy as a friend, if I'd asked - but he's busy, so I just bought it myself. I'm glad I did.
Jim has put together a collection of ideas that anyone can make money with. There are 20 strong, proven methods here, along with a unique rating scale to help you see how difficult they are, as well as how quickly you can expect to see a return on your efforts. (Disclaimer: When it comes to selling on Amazon, Jim discusses Selling on 'the River,' an unsolicited endorsement which I appreciate.)
Even though I'd heard of many of these ideas before, I wound up with a list of projects I plan on tackling this year alone after reading it. Just seeing these methods described in someone else's words helped me think in some new directions.
Each idea is discussed in a basic manner, along with that rating system I mentioned. Then for more in-depth information, Jim points you to resources that really dig into the details. Even without venturing into those resources, I have a platefull already to deal with. I recommend 20 Ways to Make Money Now on the Internet for anyone looking to get their creative income juices flowing.
UPDATE: I was already happy with the ebook, but I just received an email with even more resources from Jim. You'll also get the entire book in audio format, so you can listen to it while you work. I also got access to a free copy of his newest version of The Silent Sales Machine.
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3. The End of the "Wild West" Days for Online Sellers
As this economy stumbles along, the governments are working hard to make sure anyone who generates income gives them a cut. For many years, some online sellers have considered themselves immune to the taxman. Business on the internet has been compared to the free-for-all days of the "wild west" in the western United States.
Much as barbed-wire tamed the west, in the United States, the Internal Revenue Service has announced that online payment companies, such as PayPal, Google Payments, and Amazon, will be required to issue Form 1099-K beginning next year. That form will report the "earnings" from online sales to the IRS and taxpayers will not be able to fly "under the radar" as before.
There are a bunch of questions that need to be answered, of course. For example, how will sellers report losses against the reported amounts? PayPal doesn't know how much I paid for my item, my shipping supplies, and my office. But the bottom line for those sellers who haven't been reporting their income properly is - you'd better get your accounting act together. For years, we've been hearing that we should treat our online selling as a bona fide business, with Tax ID number, separate business finances, proper licenses, etc. Now those who followed that advice will sleep well at night, and those who didn't may be reading Bookkeeping for Dummies.
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Bookkeeping For Dummies List Price: $19.99 Sale Price: $8.88 Used From: $7.99 Average Rating:   |
Ina Steiner has an excellent article on this new form and what it will mean for online retailers at: http://www.auctionbytes.com/cab/abu/y210/m03/abu0258/s03
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