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Proven Advice To Create An Ongoing Online Earn Extra Income OpportunityFrom the fourth law of economic alchemy you know that technology determines needs and demand. Pilzer explains that the nature of two types of demand, quantity demand and quality demand, leads to unlimited demand. From his theory of economic alchemy you can learn that demand is always going up; there is no limit to demand. Why? It's simple. Let's take an example. Consider you buy your first car. Your car changes everything for you: where you work, how you travel, etc. Soon, you will realize you need a second car for your girlfriend, so you can get to work independently. This is quantity demand. You want more of the same product. Quantity demand is your desire for more of what you have already purchased. A second car, a second television set for your bedroom, etc. When you have enough quantity, you start wanting better cars, better food, better clothing, and even a better online earn extra income opportunity. This is quality demand. Quality demand is your desire for a new, different, improved model of a product or service. And once you have your higher-quality goods, you want more of them, so your demand for quantity increases again. This is a never-ending cycle of improvement. As long as technology continues to advance, each year a better model of the product will be developed, and the process will start all over again.
The Fifth Law of Economic AlchemyIt is critically important for you as an online business entrepreneur to understand the difference between quantity demand and quality demand. A first purchase by a satisfied customer is just the beginning, rather than the ending, of a business relationship and your earn extra income opportunity. I know this from my own experience through the eYouniversity web site. For example, for each of my visitors, the initial purchase and test drive of the internet software Site Build It! (SBI) (Opens new window) for their e-businesses ignited quantity demand - the demand for more of what they had just purchased: a second or third SBI-account for another web site project. Even more important, when the internet software SBI had worked its magic, it ignited quality demand - the demand for different and/or other internet software products, for example Content 2.0 (Opens new window), new software to capitalize on Web 2.0, visitors creating content for your website. For free. Because they want to. So, the best advice I can give you for a long-term plan for online success and for your online earn extra income opportunity is to navigate between quantity demand and quality demand to create constant ongoing demand. New products always plant new ideas in our minds, but they also provide us with choice - one of the most potent stimulants of demand. The fifth law of economic alchemy (Opens new window) is about demand: THERE IS NO LIMIT TO OUR ECONOMY BECAUSE THERE IS NO LIMIT TO DEMAND.
Your Lesson And Action PlanBefore you proceed to Law 6, please think about the following two topics for your web site and online earn extra income opportunity... 1) For each of your current areas of internet businesses, make a list of products or services that you would offer online or offline to satiate quantity demand - the initial customer demand for more of each product. 2) Now also analyze each product and/or service to see how you can make the eventual transition to quality demand - the demand for a different or higher-quality product and/or service.
What is eYouniversity? (eYou)eYouniversity is an online business incubator. The goal of eYouniversity is to support the online entrepreneurial process, helping to increase performance and profit levels for innovative small online businesses. You can learn more about eYouniversity (eYou) on the About This Site page... the story behind eYou and successful home businesses on the Web.
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