An Update On the Business Model of My Shopping Genie

Not long ago My Shopping Genie announced the opening of the Scandinavian countries. However besides that another announcement was made. My shopping Genie is working on the Genie Marketplace: A recent innovative platform that will make happen for My Shopping Genie to get closer to their final goal. In this article we will look into this new platform identified as Genie Marketplace.

What is the Genie Marketplace?

Did you find out yet about Groupon and their daily offers?

We will give more details about this concept. Groupon is a modern day brand that brought together different marketing strategies into one remarkable business model. Their business model blends Social media technology with the discount coupon industry. Thanks to the Internet and to the technology, they gave a new life to the coupon industry.

This model provides great opportunity to local business owners since they can shift great amounts of non-producing advertising dollars from traditional media to a new well focused online coupon based marketing tactic which focused on their area. This has become so profitable that Groupon will be the fastest growing company in all times. They will get to their 1 billion USD sales faster than Priceline and Google. Google intended to buy Groupon for 6 billion USD but Groupon turned the offer down.

Online coupons is a huge market that is still in its early stages. In addition to Groupon, there is simply one other important player named Social Living. These companies do retain certain market share by now but they are nevertheless only scratching the surface of the potential this market has. Groupon at this time turns down 70% of the companies that would like to promote via coupon advertisement. This leaves a large market share undeveloped and the Genie Market place will take advantage of this.

There are some advantages that My Shopping Genie will retain over its competitors. To begin with, Groupon kicked off with 10 sales people in only one city. The launch of Genie Marketplace will take place in numerous cities with many offers. Most significant there are over 20. 000 distributors that will advertise the “offer of the day”.

The second advantage we may notice is the online application called My Shopping Genie. This application starts on the moment a user is making a search in any major search engine. An typical internet user searches about 80 times per month and every time the “offer of the day” will be exposed to him or her. This is something the competitors are not able to do.

How does the Genie Marketplace work?

Likewise Groupon and other players in this industry, Genie Marketplace will offer vouchers with 50 – 90% discount on services and products of local companies in a certain region.

The deals will come on the market via the distributors of My Shopping Genie. When one of these deals is sold, the distributor that set up the deal will earn a commission. This is an ideal way to encourage distributors to bring a lot of offers. However, since they only earn commission when the deal sells, inclines them to search for quality offers as well. In the end this will point to a high quantity of quality offers.

In addition to the distributor that introduced the offer, also the distributor that spread the purchasing genie application will receive a commission.

The Genie Marketplace helps out thus the local businesses, by getting in touch with new customers by making use of the power of online coupon networks and the modern viral marketing strategies.

The expectation is that international development will spread really quickly due to the fact that local businesses place their offers for free on the Genie Marketplace. In addition, My Shopping Genie has a vast base of international distributors and their traffic ability online due to the My Shopping Genie application is big as well. These last 2 aspects will intensify their globalization as well..

As we can see this new platform produced by My Shopping Genie adds value to My Shopping Genie Opportunity. It will get My Shopping Genie nearer their final goal of becoming the largest affiliate platform on the internet. And this will also generate fantastic opportunities for the distributors of My Shopping Genie application. This new platform will create more income streams for the distributor and adds value to the application considerably.

My Shopping Genie: A real Deal or Not?

The internet is an essential element of our everyday life. We receive, more often than ever, information regarding new business opportunities. One of these opportunities is My Shopping Genie business. In this article we will investigate whether this opportunity is a scam or not.

Before we can give our verdict, we should be familiar with what My Shopping Genie actually is. The product they launched on the market is a software application, a FREE internet-based app that compares prices for you. This free app allows consumers to find offers at over 200, 000 stores, liquidators and product manufacturers, together with over 1, 000, 000 coupons and special deals.

As soon as My Shopping Genie is installed, locating fantastic deals will be as easy as exploring the internet. Every search turns on the Genie which brings down the huge Internet overload, usually found while searching. Shopping Genie offers the consumer a summary of the finest prices from major online vendors, shopping engines, auction and free offer sites including Amazon, eBay, Walmart, Google Products, Bizrate, Shopping.com and Ask.com’s million-plus coupon engine.

The corporation behind My Shopping Genie is MyNet Universe, a private held company, co-founded by Sam Mendez, David Freed, Ed Muto, Steve O’Brian and Keith Smith in 2008. The software developer of My Shopping Genie is Randy Blade.

A further significant point is to get a comprehension of the business model My Shopping Genie utilizes. The business model is identified as network marketing, also identified as multi-level-marketing. A small amount of people does not totally comprehend this model and are hence skeptical.

In this article we will look at different sides of MSG and see if any of them might be a scam.

My Shopping Genie business model can be divided in 3 sections:

• Network marketing. You can sponsor other license owners and let them be part of My Shopping Genie opportunity. For each 2 new license possessors you introduce, you receive 100 USD one time. Beside that, there is a residual income stream of 10 USD per month, on condition that the 2 license owners stated earlier stay active. And you will be able to make 20% over the click commission these new license holders make.

• Click commission. My Shopping Genie permits the license holder to be paid income the same way Google, Bing or Yahoo are making their billions. These companies make money by having corporations putting their ads on the search engines, called (PPC) Pay per click income. As soon as people explore the internet and click on the ads, a fixed amount of money is charged by the search engine to the corporation that placed the advertisement. What you in reality achieve with My Shopping Genie is helping an individual to economize by giving them the Genie for free and whenever they click on links within the application, you earn commission. The typical monthly click commission per active application is 3 USD

• Affiliate commission. The click commission will be paid out as soon someone clicks on the link, so a selling is not required. The third income stream, Affiliate Commission, is connected to an actual sale. In case someone clicks on a link to Amazon, offered by the Genie you handed over, and this person purchases the product, you will obtain a proportion of the sale. This is identified as affiliate commission.

If we look at the folks that created this company, all are well known within the industry; we can deduce that it is a reliable company. In addition, the rankings this business attains within the network marketing industry are excellent.

The second point is that they hand over a FREE app that assists people with saving money with the standard acquisitions they do online. The only terrible thing that can occur to a user of My Shopping Genie is that he does not obtain the outcome he wishes. But it did not cost a thing.

These two aspects conduct to the conclusion that the company and its application are no scam. But what about the business model and the opportunity to make a fortune?

There are out there many people in the network marketing industry doing well so we can not state that this model does not work. The most important point is, like with any other business: you truly have to know what you are doing. You need the suitable skill sets to profit from the opportunity or be prepared to learn these skill sets. Looking at the various streams of income My Shopping Genie offers, we have to bring to a close that it seems to be an attractive opportunity.

Considering the one-time starting costs of 199 USD and a monthly fee of 29 USD, it is a rather low investment to start getting into the game.

This leads to the conclusion that the business opportunity too cannot be considered a scam. I would just like to suggest you to pay attention as this is not a get quick rich thing and you should really ensure you have your strategy and tactics in place.

My Shopping Genie Review – Can My Shopping Genie’s Free App Make money?

My Shopping Genie – The Free App

My Shopping Genie is a new web app that proposes to cut through clutter while shopping online. For example, while using Google, My Shopping Genie will automatically pop up and find the best (read: cheapest) deals on the web.

My Shopping Genie claims to be an unbiased app that gives users the correct shopping results, while properly filtering them. The company claims that because major search engines use sellers’ fees to rank search results, their product can improve results in an unbiased fashion.

The Genie is distributed by MyNet Universe, a communications portal for family, friends, and networks the world over.

The app is available for free, works with over 200, 00 stores, and also works with all major search engines.

If My Shopping Genie is Free, How do i Make Money?

Distributors earn money by giving away the free shopping app. The distributor benefits when users shop with the Genie and make a final purchase. My Shopping Genie promises to guide customers through to various choices, giving individuals the best options for the ultimate shopping experience.

The second method of earning money is to become an affiliate. Affiliates encourage others to use My Shopping Genie, who in turn encourage even more users. Creating a standard MLM filter effect, internet merchants end up paying affiliates for their small part in leading buyers to websites. The more people an affiliate can recruit to spread the word (and the app), the more affiliate “finder fees” they can earn.

So What’s The Catch?

The company claims that affiliates and distributors can make money, virtually, 24/7. But this can only be achieved with the proper learning materials, business skill set, and know-how prior to starting the network marketing opportunity.

The Genie has potential for huge returns, especially for those willing to work hard and learn the most effective ways for reaching online shoppers.

In this type of market, the traditional family and friends sales pitch just won’t work. Especially in such a viral MLM program, affiliates must be familiar with working online, building a web community, and using positive, credible influence to spread usage.

Many representatives jump into network marketing without this base knowledge of business skills. They target those close to them for sales and team-building, and wind up losing steam when they run out of contacts.

My Shopping Genie lends itself to quick-spreading and possibly sustainable online success. But before jumping in, affiliates need to educate themselves and figure out exactly how to target the most profitable niches in the online world.

Shopping Online for Discounts and Coupons

A few years ago, it would be hard to imagine that revenue through online shopping would touch a whopping Rs. 1, 180 crore annually. Online shopping offers great discounts, gifts and a wide variety of the latest goods. And the best part of it all is that you can shop everything within the confines of your home.

Online shopping allows customers the privilege of choice and flexibility. Besides, you don’t have to deal with sales persons pestering you to buy goods. Another advantage of shopping through an shopping website is that these websites often source products directly from the seller, thus cutting the middleman out, thus allowing for better bargains.

Festive shopping is a great opportunity for web portals to establish their presence. In fact there are websites that surface only on occasions like Valentine’s day, Rakshabandhan and Diwali when people prefer to buy gifts online rather than having to spend time navigating the busy traffic. Corporate India too has taken a liking for such shopping websites as gifts are neatly wrapped and delivered to customers directly than having to worry about buying these offline. NRI’s too are major patrons of these online shopping websites as these allow them to send gifts across to their friends and families in India.

However, a major hurdle that stops shopping websites from making inroads is the Indian psyche to distrust anything that cannot be felt and seen. Indians being value conscious are extremely cautious about online shopping. Most websites have tried to ‘Indianize’ the shopping experience, by proving live online support, meticulous product descriptions, high-end photographic catalogues with 360 degree zoom features and convenient refund policies.

While web portals have come up with great features to attract online shoppers, they have also come up with increased security for online transactions.

Stories of people being fleeced on the internet with duplicate goods aren’t uncommon. There lacks a forum for this shopping community to discuss and share their experiences about online shopping.

A few web portals aim to bridge the gap by creating online shopping communities that provide a platform for users to share information and help them make the best shopping choice. Users from these communities get to share information about daily deals, promotions and coupons available across shopping websites in India.

As earlier said, convincing the Indian shopper about transactional security and genuineness of products isn’t easy and websites are trying their best to woo customers with great discounts and deals, marketing campaigns and advertising through social networking sites, emails and audio visual and print campaigns.

Setting up A Woodworking Shop – Guidelines For Planning Your Shop Layout

Whether you’re setting up a new shop, or just adding some space to your existing one, it is good to have a plan before you begin. You could spend days putting everything where you want it, only to find out later that your setup is not optimal. It is worth taking some time to think things through and come up with a shop layout that is not only productive and efficient, but safe and clean as well. Below we will talk about some ideas that will make setting up a woodworking shop seem much easier.

As far as safety goes you will want to consider a few things. You need an exit plan from the shop, and should always know the quickest way out in case of a fire. A fire extinguisher should always be ready for use in a woodworking shop as well. If you have a large shop then you might need more than one. Last, but not least, you will need a first aid kit in case of cuts, burns, or worse. You may also want to consider your comfort and install flooring that is easy on the knees and back.

When it comes to the layout of your shop, you want to have things set up in a way that makes sense. If you often move from your band saw straight to the lathe, then why not have these tools setup near one another? Think of the way you typically move throughout a shop, and then make sure your shop will maximize your productivity based on those movements.

Cleaning can be a major hassle in a wood shop. When you are setting up a woodworking shop you should plan for an easy method of cleaning up dust. A dust collection system can be a very nice addition that will save you time and headaches. There are numerous types of collectors you can choose from, but the main idea is to pick one that suits your shop and your style of work.

Choosing which tools to have in your shop can be a lot of fun, but you can’t get carried away. It is good to figure out exactly which tools you need. Some people will run out and buy everything they can get their hands on, but it would be a much better idea to buy only what you are going to use. There are some tools that every woodworker is almost guaranteed to need. A band saw, table saw, planer, lathe, drill press, and some cordless tools are a good start.

A final thought should also be given to things such as plumbing, heating, cooling, and electrical. If you are going to be running a lot of power tools, you might need to install a separate electrical panel for your shop. Think about whether you want a bathroom, or running water in your shop. These are all things that need to be thought about before you start setting up a woodworking shop.

Why you should Not Be afraid to Shop Online

Economists predict that the economy is on its way to recovery, and within a relatively short space of time, we will stop feeling the pinch. However, the media paints a different picture, today was rife with speculation of a 15% rise in energy bills, and with the recent increase in petrol prices – which will rise further when the new duty added. Whether the media is fear mongering as usual, or the pinch is likely to close in, we are all in dire need of some money saving ideas. One area, in which we can all save money, is clothing, and with the increasing cost of clothes, this should come as a relief to many of us who are currently struggling with debt.

The difficulty comes in knowing where to find a bargain; well we have the answer: the internet. Whether you wish to purchase from a ladies clothes shop, a children’s clothes shop, or a men’s clothes shop, the best place to find a deal is on the internet.

Many people will raise queries regarding internet shopping, amongst them are concerns about quality, safety (in terms of identity theft and fraud), and fit. We will discuss each in turn, in the hope of alleviating some of these fears, and helping the reader to make changes in the way they shop to save on household expenses.

Quality

A great number of people are reluctant to make online purchase, doubting the quality of the goods they are buying.

There are several issues here. Let us first consider designer clothing. Designer clothes are much cheaper online than they are in a real-life shop. The reason for this is not that the items are fake or imitation, merely that internet retailers are able to offer better prices on their merchandise. They are able to offer better prices because they have fewer overheads, the cost of running the business is less than that of a shop front. It is as simple as that. Clearly, some unscrupulous businesses will sell imitation items without informing the customer, but these tend to go out of business very quickly. If you doubt the reputation of an online retailer, check review websites, if they have good reviews for the most part, they are likely to be sound.

Ladies clothes shops that operate online tend to have a decent amount of information relating to each product, as well as pictures that you can view of any items you want to buy. This goes some way to ensuring quality, but regardless, if the item is not to your satisfaction, a decent company will have a returns policy, so you can simply send them back.

Safety

Internet retailers want to generate and maintain a decent customer base. They do this by looking after their customers. Most online shops have secure payment methods, such as PayPal and Google Checkout. Millions of people use these methods on a daily basis, and very few, if any, fall victim to cyber crime. It is important to shop with a retailer that offers at least one secure payment method and you should only shop with a retailer that does.

Fit

Because you are unable to try the clothes before you buy them, fit is not a guaranteed. Particularly concerning ladies clothes shops, where sizes vary greatly between retailers, a size 12 with one shop, may be equivalent to a size 14 in another shop.

There are two ways of dealing with this issue:
• Find the measurements in their imperial (inches) or metric (centimeters) dimensions, and measure yourself against them.
• Alternatively, make use of the companies return policy if the clothes do not fit. You may incur a small postage fee, but this generally works out to be around the cost of an hour’s parking at a large shopping outlet. Most retailers, however, offer a free returns policy (they want you to come back so they treat you well).

The Impact of Coffee shop Design on Profitability

When opening, or redecorating, a coffee shop, it is essential that the design is efficient and cost effective. A well-designed layout can make the difference between a popular coffee shop, and a last choice coffee stop. Indeed, the way in which the design is conceived will make or break the business – better get it right the first time then. Read on for advice as to how to design a coffee shop to create maximum efficiency to ensure a steady flow of customers.

People tend to visit coffee shops when they are in a rush, or when they want to relax after a few hours shopping. People look for a comfortable environment in which to relax, where they can sit, be served within very little time, and be fed and refreshed promptly – and these are dependent on the design. A well-designed coffee shop will create the ideal atmosphere for their clientele.

In fact, the layout of the shop directly affects profitability. A thoroughly planned shop design will maximise sales because staff efficiency increases. For instance, the exact arrangement of tables, chairs, counters, etc, will make it easy or hard for staff to get around, the more easily the staff can get about, the greater the efficiency of the shop floor.

The same is true of the kitchen too, a well-designed kitchen, which allows chefs and auxiliary staff to move around freely will increase productivity, as will arranging the kitchen into specific tasks. For example, by having a sandwich preparation area, with the refrigerator, storage, and oven (if needed), on one counter, and the drinks preparation on another counter you keep the two tasks separate, and staff do not need to walk around the kitchen searching for this, that, and the other, it is all in one place.

Creating a well-designed coffee shop is a difficult task, and is tantamount to completing a Mensa quiz! There are many considerations to take account of, and many people only get design right after years of practice. This is why, if you plan on opening a coffee shop, it is important to seek the help of a professional designer, otherwise, you risk making expensive mistakes.

The phrase ‘… standing on the shoulders of giants’ holds true here, why try to learn everything independently, when you can learn from people who are already knowledgeable? Professional coffee shop design companies will liaise with you and help you to come up with the best possible design, they understand the tried and tested methods of coffee shop design, and know what works and what doesn’t, and why. If you were to try to design the shop yourself, no doubt you would run into some problems with which they are already familiar. The cost of using the services of a professional coffee shop outfitter is far less than the cost incurred from a poorly designed shop.

Just remember that a good design will encourage customers into your shop, a poor design will make them reluctant. A professional service may cost money in the short-term, but in the end is worth it.

Online Shopping Vs Retail Shopping

Buying objects or services with the help of the internet is called online shopping. Most people confuse it with electronic commerce, but the main difference is that in the case of online shopping, people purchase the objects directly from the seller. This means no intermediary and consequently lower prices. Retail shopping means buying objects or services from a fixed location. This location can be a shop, a mall or a boutique, where one can buy individual objects. In this case the price is usually higher because the shop owner has to add his profit, the expenses with the rent and the employees and the taxes to the initial price.

The main difference between the two is the fact that in one case the buyer has to go to the shop and in the other case he or she can do this through simply accessing the online store from virtually anywhere. The latter seems to be the more favorite option lately because people simply do not have time to go shopping anymore. It is the comfortable option of purchasing what we need, without going trough the trouble of driving to the store and spending time at the pay desk.

There are some people who love spending countless hours shopping. These people would definitely choose retail shopping. They like to see what they buy first, to touch the fabric in the case of the clothes or to simply smell a perfume before purchasing it. However, if you already know what you want it is easier not to drive to the store and save time and money.

In many cases, some products cannot be found in the stores nearby, or not even in the same town. To purchase what you need, you might have to travel long distances. Online shopping comes as a solution to this problem. This way you can order products even from another country or continent. The process is very simple and you can have what you bought brought right at your door steps. All online shops have delivery services.

One of the disadvantages of online shopping is that you might have to wait a few days before you get what you bought. This is because delivering products from other towns or countries might take a while. However, even if you went to the shop in that town or country, it would probably take you more to bring to product home, not to mention the money you would have to pay for the gas or the plane ticket.

Some people choose retail shopping because they do not think they can manage to order something from the internet. For this reason, most online retailers created online shops with very simple interfaces any person can access. All you need is a computer with a connection to the internet and a few minutes.

Comparison Shopping Online – A popular Way To shop

Comparison shopping has become extremely popular these days. Let’s touch on a few of many reasons for the sudden increase in popularity.

Most outstanding in my mind is the “dressing Rooms” in stores, it is almost like stepping into an outhouse. The only real difference is most of them are open along the bottom, you know, like the stalls in a rest room. Let’s face it, no matter how hard they try, these cubicles are just not a comfortable place to strip down.

Shopping at home is so much more relaxing, You get to try your purchases on in the privacy of your own home. you can examine the fit more comfortably and compare it with the clothes in your closet and see exactly what matches and what does not. Just these to points alone make shopping online a more reasonable choice.

Comparative shopping has always been very popular especially among the ladies. Women have always shopped for the better deals, comparing quality as well as price. Men just don’t seem to give a crap, I fear it may be genetic.

Gone are the days of running from store to store spending the day trying on those special jeans you have been dying to purchase. Then as it turns out you usually end up back at the fist store because they were the least expensive and find out they sold out of your size.

Comparison shopping online gives you the opportunity to compare prices from all the major distributors so you get the very best price. I have learned through comparison shopping that you can get some very good deals online. Many of these companies offer free shipping or reduced shipping cost, making Comparison Shopping not only smart but thrifty as well.

There are many shopping portals online. Most of us know the leaders in the industry of as their names always pop up in the search engines. In recent time there have been more and more of these networks showing up. What most people don’t know or realize is that for the most part they are all generated from the Big Name Companies. Why is this important? Well if you use an unknown Comparison Shopping network you will be getting exactly the same information. The big thing you will achieve by using the little known domain name, is you will be helping an internet marketer earn a little money. You see, when you use the little guys Comparison Shopping, each time you click a merchant The Big Name Shopping Portal will pay that unknown guy for your click.

The big named company has money, the little known guy needs money so it is a win, win situation. In short, support the little guy, it cost you nothing and it is that little guy who is going to put the money he earns back into our starving economy. Comparison Shopping a great way to help stimulate the economy and get good deals while doing it.

How to Go for Best Online Shopping cart software

There is absolutely no doubt on the fact that shopping cart is a genie that can do wonders to your online business. But, you need to take control of this genie so that you get the best shopping cart software which is user -friendly and also offers clients the ease of selecting and buying the products online. Besides being easy to use and loaded with user-friendly features, the online shopping cart software should also be having innate capabilities to manage any potential breakdowns or data loss. Again, you also need to know whether the online shopping software has all the features to offer your customers superb shopping experience. Practical utility online shopping cart software is the one which will offer your online customers with the best deals. The whole idea behind incorporating the software that works with Microsoft into your online ecommerce website is to make sure that your online business works in a profitable way.

Since there are several Microsoft online shopping software available on Internet, it is very necessary to find the right one for your online ecommerce business.

Shop and compare the features which are integrated in the shopping cart software. Some of the popular amongst these features include; sell or cross-selling functions, autoresponders, affiliate modules, quantity discounts or coupons and many more Let’s talk about each of these features to know more about them in detail.

Suggest Sell or Cross Selling feature in the online eCommerce shopping cart software will allow the customers to select the product which is entirely based on the customer’s shopping history. This product will be complementing the product which he/she may not otherwise find out there in the online product inventory listed on the ecommerce website. Moreover, in case the product is being offered at discounted rate, online customers will be attracted to buy them.

Quantity discounts and coupons are also offered in the online ecommerce store. With smart and effective ecommerce online shopping software, you will easily able to calculate the discount rates that are to be offered to the customers who plan to purchase the units. The discounts and coupons are offered based on the number of units which the online customer will buy from your ecommerce website. The affiliate modules in online shopping cart software provides you with the option to facilitate streamline communications, statistics, mange the sign up processes and significantly monitor the payments which you will make to the affiliates.

The online shopping cart software which comes with powerful integrated auto responder capabilities adds further convenience to your online business as you can easily streamline the operations and also maintain the contact list. What’s more, you will be following up the clients visiting your website and also the emails that you receive on daily basis.

Besides these basic features included in your online shopping cart system, it will be an advantage if your online shopping car software has other features like inventory tracking, stationery creation and management and also help you in sales tax calculation.