Yes, it’s true. Bing is flushing it’s cashback program effective July 30, 2010. While some believed that nobody could compete with the likes of Bing, it turns out it was Bing who couldn’t compete with the likes of “us”.

A program update was posted late last week which reads as follows:

Dear valued cashback customer:

We are writing to notify you that the Bing cashback program will be discontinued, and the last day to earn cash back on your Bing Shopping purchases will be July 30, 2010.

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Thank you very much for being a loyal cashback user. We remain committed to delivering great value to our customers, and we are currently working on an exciting new program which you will hear more about from us later this summer.

Sincerely,

Bing cashback Team

WOW! Just WOW!

I guess Bing wasn’t a better alternative after all. (Although, some will never admit that.) Others, who have been using the program appear to be extremely upset.

So why couldn’t the almighty Bing pull this off? Couple of reasons come to mind – but what it boils down to is that Bing was the wrong model all the way around.

First, Bing was throwing money at this – taking (in part) their advertising revenue and offering it up as cash back to customers. Great ROI for stores and a good deal for customers – but very bad for Bing. I have no idea what possessed them to make such a bonehead move, but it cost them a ton of money.

Internet advertising is one of the largest shifts in spending (and therefore wealth) we could see in our lifetime. I wrote about this transfer of wealth back in April and linked to reported profits in the billions for Google, and how Yahoo doubled its yearly revenue via online ads. The amount of money being spent right now in online advertising and pay per click revenue is the single biggest reason why I got involved with MyShoppingGenie.

Not Bing – they gave it away, and because they’re trying to catch up with the other two leaders, the easiest person to screw here is their own customers.

Bing is currently in third place behind Google and Yahoo – Google handles 71% of all search queries in the United States, while Yahoo handles around 15% and Bing around 9%. What’s even worse is that the few customers who did switch from Google over to Bing for the cash back option will most certainly switch back over to Google come July.

And what did Google do as an alternative to cashback to customers? They got involved in the Affiliate Network boom providing a link between advertisers and publishers who want to increase sales and drive leads through affiliate marketing. (Hummm – kind of sounds like another company I know…) Those who can advertise and sell on their own now earn the commissions from the retailers – a much more savvy and business minded clientele for Google. While Bing (Microsoft) has alienated and ticked off even more people, just watch how Google will become an even bigger player in online search and Internet advertising because of it.

Second, early adoption like shopping online is driven through referrals, not a search engine. Currently, only 10% of all shopping is done online. While that number will most certainly grow, it’s going to be driven by word of mouth, not advertising. Companies like Commission Junction, LinkShare, and even Google’s Affiliate program are thriving right now because every day people are promoting the products – not some search engine.

Don’t believe me? Go take a look at ClickBank and the money they pay out to every day individuals. There’s a “payout calculator” on the top right hand corner of the web site. Every one of their products are digital, and none of them are offered through big box retailer – and every bit of it generated through links and word of mouth by everyday people like you and me.

e-Bay is another powerhouse that’s done completely online, generating more revenue each year than the entire MLM and Direct Sales Industry COMBINED. None of it generated by a big name retailer – but by everyday people – and some make 6 figures a year doing it. The vast majority e-Bay’s popularity wasn’t generated through traditional advertising dollars either – but through word of mouth.

That’s a sales force that big corporations can’t compete with. It’s why Network Marketing and Direct Sales have worked over the last 120 years. It’s far more intimate and personal than a big powerhouse like Bing – especially when you combine Social Media into this mix.

Our world is changing at a rapid pace because of the internet – and so are our buying habits. For those who want to get involved and capture a part of it – now is the time to get to work. (It’s not going to just come to you – you’ve got to act and work for it.) Those who get that will thrive and profit.

Those who don’t…well, they’ll be left with more egg on thier face because they haven’t a clue.

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Before YTB, I was living the American Dream – or so I thought. The “reality” was I had been bumbling through a number of companies that left me high and dry. Any illusions I had about the corporate world were quickly being shatter. Family Golf ran out of money and was bought out by an Asian group who promptly fired everyone. Anicom got caught cooking their books – was shut down by the FTC and the founders imprisoned. ISP lost its manufacturing contracts to the internet for the territories I covered. iAutomate never reached the internet dominance it aimed to achieve and was downsized. And my last stint with Hi-Fi Buys eventually ended in bankruptcy court.

The American Dream of getting a good education and finding a J.O.B. was a carrot I wasn’t willing to chase any longer. My discontent over the lie about working for someone else had me frustrated and looking for options when YTB came knocking.

Three guys – Coach, Scott and Kim turned me onto the idea of being in business for myself. They offered my first products I could offer and sell as an “independent representative”. Harv Ecker and Bob Proctor soon followed in my journey who showed me other income streams. All of the streams they create are “passive” – meaning I don’t have to be there to generate income. Guys like Mike Dillard taught me the value of branding myself. If you’re a newsletter subscriber, you’ve heard that name before – and many have bought Mike’s Magnetic Sponsoring courses. Mike’s primary business teaches the value of something called a “funded proposal”.

Coach, Scott and Kim taught the value of building a business within the YTB business, but I also like what Mike calls it.

“You, Inc.”

I became a student of “You, Inc.”. While everyone knows I’m tied to YTB, now ZamZuu – my brand is “Just Picture It Now”. With this brand, I now own a well visited blog with various tools and affiliate products that create income. I also own a list of subscribers that now reach thousands each and every week. Auto-responders within our newsletter create a steady stream of income that work on auto-pilot. Articles on this blog also create a steady stream of income with well ranked organic links. Articles I’ve written years ago continue to produce income almost every month. Those are the passive income streams that Ecker and Proctor taught me.

“You Inc.” provides me the option to pursue opportunities that interest me such as writing, up-in-coming technology, and pay-per-click income that keeps my brand diversified, fresh and profitable. I pick and choose who and what I promote with incredible flexibility and versatility. This diversity has enabled me to stay with YTB far longer without any worry of the outside forces attempting to tear it down. The economic meltdown of late 2008 and 2009 and the hit the travel industry took forced many to make changes. The needless “YTB bashing” that goes on about their “model” being something other than viable or legitimate has forced others to make changes as well.

Me? I was diversified enough that income actually increased while millions all over the country were being laid off, downsized or scrambling to find other sources of income which had dried up.

I’ve always been an independent thinker. I never would have gotten involved with YTB in the first place if I wasn’t. I saw right through the hype and trash talk about pyramid schemes that we often see from those who haven’t any experience to speak of. I’ve heard it said that if somebody tells you what they think – take it with a grain of salt. If someone tells you what they’ve experienced however – you better listen.

What I’m about to tell you may sound shocking to some – controversial to others – but it rings true for me. Based on my experience in the corporate world, the bickering and fighting going on by traditional travel agents who have seen commissions either diminish or completely vanish and the Directors in YTB who built large organizations who are now with different companies – I’ve come to this conclusion.

True independence and success comes from multiple opportunities and various streams of passive income.

Last week YTB announced its new Director level and enhanced compensation starting at 250 active IBC’s. The new level also provides additional guaranteed income with fully paid medical and life insurance paid for by the company. I didn’t write about it here, but I did put it in last weekend’s newsletter – because it’s news. Honestly, when I heard about the new level, I was surprised at me first initial thought’s. When I did put it out on my newsletter to my subscribers, it was uncomfortable.

Then, earlier this week I was asked to pick either YTB or my other “ventures” and my gut reaction was shocking – even to me.

As good as the Directors program is and as much as it provides to individuals and their families – it’s not the right goal or option for me.

I’m an “Independent Representative” not a “Director”.

How do you like them apples?

I got into YTB to create my own independence. Over the last 6 years I’ve built and now utilize several profitable income streams. It’s enabled me to survive the chaos and the slandering where others haven’t because they were counting on a single source. Directors who built large organizations are now gone because they relied on one company. Travel Agents have been bickering for years, or are out of business doing something else because they rely on one stream. Even I was forced to jump from company to company for years because I relied on a single revenue streams before I found YTB.

The true value for me in YTB are all the income streams – not the Directors program. The position lands me right back where I was 6 years ago and doesn’t provide the current options and streams I’ve been able to create and build on my own.

It’s not that I’m upset or angry with YTB. To the contrary – I couldn’t have dreamed of a better vehicle to start my journey. YTB has been a wonderful experience for me and was the first company to provide multiple streams. I had never been with a company with so many possibilities prior. Likewise, the Director program is a first of its kind. The medical, life and guaranteed income benefits not only rival but are the envy of the corporate world. With benefits like these – the company has every right to attach reasonable conditions for that privilege.

It’s their company and they make the rules.

But as good as it is and as much as I wanted it – along the way I found my own true independence and own income streams where I make the rules.

The world has changed. Likewise, the internet and technology continues to evolve and change at a rapid pace. It’s exciting – it’s fresh. The internet offers up endless possibilities and an abundance of opportunities to market and promote whatever I want. It didn’t really occur to me until I was asked to make a choice between my own business here on the internet and the one I run with YTB. Without realizing it until this week – I’ve successfully generated a brand that’s more valuable and meaningful on my own.

I don’t know what’s going to happen over the next couple of days guys. While my gut reaction was instant and sure – I told YTB that I had to think about it. But my gut has never been wrong. It’s a message from the Divine. There may be an applicable resolution to all this that I can do both – and I’d like to do both. I love YTB – and I especially love the people I’ve been able to help. Thousands rely and count on me each and every week to inform and mentor them. I’m not looking to steal anyone or trash YTB in any way. That’s selfish and unprofessional.

Overall, YTB has been far too good to me and I’m incredibly grateful to them for showing me the path to my own independence and freedom.

But I also own this blog and my list of subscribers which provided me the freedom and flexibility to speak my own mind and provide my own path.

I’m at complete peace with anything that may come my way. If I can survive horrendous economic conditions and needless trashing of a company I promoted wholeheartedly – I can survive anything.

That my friends is real – true independence.

PS - If you're involved with YTB, sign up for our FREE Newsletter. As a Website Owner or Website Seller, we'll keep you up to date with all the latest news, acquisitions, and developments with YTB.

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Because we’ve expanded and diversified our business with the launch of ZamZuu, I’m finding myself doing a lot more surfing on the internet for products I both want and need.

While ZamZuu business owners can be considered “early adopters” and part of the $155.2 billion that was actually spent online last year, according to a Forrester study released just last month $917 billion worth of retail sales last year were “web-influenced.” Meaning; far more people (at least for right now) are using the internet to do their research on the internet, and then heading out to the store to make their purchase. That’s 67 percent of the online population, and I’ve seen studies that claim 75 percent.

Let’s face it, after the economic meltdown we had in late 2008 and 2009, now more than ever, saving money is the new green. It’s a big reason why ZamZuu has been welcomed with open arms in our company. Cash back puts green back in our pockets.

We’re not the only ones who have caught on to this paradigm shift. The Interactive Advertising Bureau (IAB) also released a report in early April which reveals advertisers spent a record high of $6.3 billion during the fourth quarter of 2009, in an attempt to attract surfers. That’s a new high for a single quarter in Internet advertising revenues, which reached $22.7 billion for the year in 2009.

Nearly half of that revenue is being paid in search and display-related advertising. Think Google AdWords – those little three line ads you see along the right hand of the search page. I recorded a CNBC special report a few weeks ago entitled “Inside the Mind of Google” which reported that Google made $4.3 billion in PROFIT from Google AdWords alone. Another report just last week quoted that Yahoo! saw its first quarter profit more than double from last year, driven by growth in online advertising and lower operating expenses.

It’s abundantly clear that money and revenue is shifting right now away from print, radio and television to the internet. Why? With E-Commerce, the whole transaction takes place online, making it very easy to track and measure. The ROI also skyrockets because advertisers don’t pay per impression or how many eyes actually see the ad, instead only pay for those who actually click on the ad.

Here’s the problem, and I think you can relate: When I Google something to research and compare pricing for a product, more times than not, my first page results aren’t based on the lowest price – but who paid the highest price for ad placement. With more and more money being thrown at internet advertising and the amount of revenue it generates for all of the top search engines, I don’t see that changing any time soon.

In fact – it could get worse as more companies catch on with all out bidding wars breaking out to capture their share of this consumer shift.

So how do you make sense of and sift through all this advertising to find the best deals?

One solution I’ve been introduced too is a very cool app called MyShoppingGenie. It’s completely free to install and its sole purpose is to help you navigate through the vast array of information found when doing a search to find products based on price. By searching on any of the major engines available the Genie appears as a navigator that pulls up not only the stores that offer the product you’re looking for, the price their selling it for.

For example, our son Brain is into Pokemon and wanted the new Heartgold version for his DS. We did an internet search and up popped the Genie with a “compare” button. Within seconds I had a price from Wal-mart of $30.54, CD Universe with $39.95, and Dell, Best Buy, and Toys R Us with a price of $39.99.

From here it’s easy to see that all I have to do is log in to ZamZuu and go directly to Wal-Mart to make my purchase to either ship it or order a site to store for pickup.

All in a fraction of the time it use to take me with a regular search or going from site to site looking searching at individual stores.

While that’s great – it gets even better. Check this out.

Because I’m giving this app away to my list of clients and customers who either book travel with me, or shop with me through ZamZuu, my app is “branded” with a ZamZuu logo and a link that goes directly to my ZamZuu shopping page. When they find the right price, and it happens to be one of the 700 stores we have within ZamZuu, getting cash back for that item is now a simple click away. (Download the app and see for yourself.)

Now think about this…people search on average 88 times per month. Each time they do that search now, my ZamZuu logo appears each and every time they search. No e-mailing, no calling, and no paid advertising – it just shows up every time they do a search on any of the major search engines.

If that doesn’t get you thinking about possibilities it gets even better.

You know all that money we talked about – the $917 BILLION in sales that was generated via searches, and the $22.7 BILLION in advertising revenue being spent for clicks from those searches last year? Each time my customers click one of the ads when comparing prices it generates revenue from the free app that I gave away.

I’m generating revenue coming and going. Granted, at this point there are more searches right now than buyers, however, as the shift continues to evolve over the next few years, I’ve giving my customers a very easy and accessible format to capture more sales when they buy and get cash back through my ZamZuu site.

This opens up a whole new market, and it’s no longer based on what I want to sell, but what my customers actually want to buy from 200,000 stores, liquidators and product manufacturers, including over 1,000,000 coupons and special offers. I’m not only buying and getting cash back from Omaha Steaks through ZamZuu, but finding incredible coupons for additional savings on the “deals” link. (Ronda LOVES the coupons she’s found on both national and local stores saving us a TON of money from this app.)

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In closing, you at least need to check out this app and see how it works for yourself. Heck, it’s free for goodness sake and it’s going to help you turn the tables on the big search engines who are only thinking about how much money they’re generating from paid ads when you’re searching for products.

If you by chance you see another revenue stream and a very viable option in branding your ZamZuu business, just “reply” to my newsletter and I’ll not only answer your questions, but help you set this free app with your own ZamZuu logo and link to capture a bigger piece of this internet boom.

No pressure, and no hard sale. You both see these numbers and want in, or you don’t.

Just let me know if you want to capture a slice of this boom.

PS - If you're involved with YTB, sign up for our FREE Newsletter. As a Website Owner or Website Seller, we'll keep you up to date with all the latest news, acquisitions, and developments with YTB.

PPS - Subscribe to the Just Picture It Now RSS feed, (including e-mail) for all the latest posts and updates found right here!

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