My Buy Essay

Posts Tagged ‘Internet Marketing opportunity’

When you first get involved with Internet Marketing you’ll discover there are unlimited opportunities for income. For example, there is the GoogleCash opportunity where you simply direct the traffic clicking on your ads to a merchant’s website and collect an affiliate commission. Or, you might choose to build a content-rich theme site over a period of many weeks and use it to earn Adsense income and to earn affiliate income. Or build dozens of “quick and dirty” Adsense sites in hours. Or you can build mini-sites for affiliate marketing. Or you can blog for money. You could profit from ebay in a variety of ways. You could write an information product, or choose to sell physical products. And this is only a partial list! Internet Marketing has something to suit (almost) everyone.

But the reality is that each opportunity probably calls for you to learn more than just one skill, and buy and learn more than just one software tool. For example if you choose to get involved with the Adsense opportunity you can end up using a keyword research tool to identify keywords to focus on, an HTML editing tool to build your site, graphics software to build the graphic header, the blog and ping technique with a junk blog to get indexed in a hurry, RSS to build-up the content on your site, perhaps a separate good quality blog to improve your rankings in the search engines, perhaps another software tool to build a site map, and so on. The different Internet Marketing opportunities have their own Tools of the Trade!

For each of these tools you need to research which one to use; buy it; learn how to use it; then to put into practice. Some individual tools, for example some of the sophisticated software to make automatic post to blocks have quite a steep learning curve, and it can genuinely take many hours simply to become familiar with the software, and many more to understand how to apply it correctly.

But if you’re human, and interested in making money (and why else would you be here?) it is all too easy to be tempted to explore other opportunities while you are still in the middle of making a previous opportunity work. In fact, you probably asked for it! Your research probably put you on the mailing lists of many Internet Marketing experts who send you news of the latest and greatest every day … and these folk are masters at turning-on your greed glands. From personal experience (me, my friends and my family) I suspect the majority of people who decide to dive into Internet Marketing but never succeed in making a serious penny simply get bogged down with partially implemented opportunities.

The solution is simple but unfortunately contrary to human nature (at least for many of us). It requires four steps:

Give yourself the luxury of exploring the opportunities … but with a specific time limit, during which you commit up-front to starting nothing and to buying nothing until that time limit is up. This research is NOT trivial. You are not just looking at the income potential of the different Internet Marketing opportunities … you need to look at the commitments in terms of initial time and ongoing time; whether income is fast or slowly builds up; whether there is out-of-pocket risk or just time-wasted risk; are you prepared to wander to the “dark side” a little (black hat SEO) or is your nature to stick to the straight and narrow; do you want to be dealing with individuals, or just nameless, faceless masses? Do you have a technical nature? Do you have access to someone who does if you need help?

Make the decision. Make it logically …. then test to see how your gut feels about it. When it feels right, commit. I mean, FULLY commit.

Pursue the chosen opportunity to completion, where “completion” means you fail beyond recovery, or you succeed in making a level of income that you considered to be a success for the technique. Learn what you need to; buy what you need to; then DO IT. And be prepared – this often means facing fears; fear of minor failure (starting a technical area where you are a novice), fear of rejection (asking others for links, knowing 90% will tell you “no” in the early days), and the big one … fear of project failure. Your mind can play odd games with you … if you move to another opportunity before you give this one your all, you’ve not really failed, have you? Whereas if you DO give it your all and it doesn’t work out … then you’d have to face your failure.

And while you are pursuing the opportunity discipline yourself not to pursue or even explore different Internet marketing opportunities. Unless you know you have superb discipline this means you do not read e-mail’s, newsletters, or sales pages from gurus promoting products that do not relate directly to your opportunity; and do not even read e-mail’s, newsletters, or sales pages promoting improved versions of products that are supposed to be improvements on those products you are already using in pursuit of your opportunity. Make what you have, work.

Even if, on completing one opportunity, you choose to go onto a second or even a third entirely different one, doing so in this focused manner means you will probably complete three entire opportunities to a satisfying level of success before you would have achieved even one to a partial level of success if you’d been attempting all three simultaneously. I’m serious; multi-tasking often means a factor of three or four times the elapsed duration to completion of any project. Internet Marketing is no exception.

Just as important, you will actually have mastered the individual skills involved in the opportunities you pursued to completion; this contrasts nicely to having only a fingertips grasp of a variety of different tools and techniques, as is the inevitable outcome if you fail to focus.

In Internet Marketing, this mastery has rewards; you can repeat your success more quickly. You can outsource tasks, from a position of complete proficiency (always a good position from which to outsource). And you can usually transfer some or all of the skills to another Internet Marketing opportunity in such a way as to make success in the new arena more certain, and more speedy. Not a bad combination!

There are almost unlimited opportunities in Internet Marketing, in terms of the different paths people can choose to take in search of the mighty dollar. But what many newcomers fail to consider up-front is that the different opportunities place very different demands on your time &ndash in ways that can have a significant impact on your lifestyle.

Some Internet Marketing opportunities are very close to being “set and forget.” The Underachiever strategy for marketing information products, promoted by Frank Kern and Ed Dale, is a case in point. Once an information product is written, the selling web site is up with all payment issues handled by a 3rd party, and pay-per-click ads are bringing traffic, there is relatively little to do. Similarly, anyone building quick-and-dirty web sites for Adsense income has a similar opportunity. In contrast to content-rich theme sites that may be lovingly nurtured and grown over weeks, months or even years, these sites can be created in hours (sometimes minutes!), “activated” as far as the search engines go within a few days after very little work, then effectively abandoned … to gain traffic momentum over the months with the free search engines.

But many other opportunities demand a serious commitment of time &ndash at least, unless you are prepared to outsource much of the work.

For example, while eBay does not have to be this way, many people selling on eBay end up in a situation where all the tasks involved in operating the business represent a commitment equivalent to a full-time job. What sounds easy on first glance can involve researching opportunities or products, finding sources or products, even making your own products (information products sold on CD’s, for example), taking or finding photographs, finding or writing product descriptions, putting the final ad together, placing the ads, answering bidders’ questions, packing, shipping, dealing with returns, dealing with payment problems, and so on. It’s still Internet Marketing, of course, and potentially very lucrative, but this can become hard work.

Other types of Internet Marketing opportunities demand you go back regularly to update websites to reflect changes in product or technology so that your sites are always current. This is a common problem with some affiliate marketing sites where there are many links to individual pages on merchants’ sites; while these might offer better conversion rates than links to the merchant’s home pages, these links need to be constantly checked and updated because merchants have a habit of changing products (or even just the specific web pages on which a product is offered).

Some opportunities call on you to respond quickly and consistently to questions from prospects and customers. These might be questions asked by people considering buying your product &ndash in which case you certainly don’t want to make them wait; or, questions by frustrated people having problems downloading a product they just bought from you. The longer the wait, the higher the frustration. Then there are issues of refunds, questions about billing, and many more situations (sometimes just plain dumb questions) that demand the personal touch – at least, until you are large enough or confident enough to hire others to handle the administrative side of the business.

One of the most effective Internet Marketing strategies is, of course, to maintain a list of people interested in your product or the topic in which you are a specialist. For many marketers, this list IS the holy grail; everything else is just a means to build it. That’s because a good list can be like gold; a captive audience of people who already know and trust you. But there’s no question, it can take a serious commitment of time and effort to maintain and service such a list effectively. Now, if all you do is e-mail to them occasionally with a half-dozen lines and an offer to buy some affiliate product from you, that’s one thing; sure, the commitment is minimal, but in return you can expect a high drop-out rate and poor conversions. But if you put together a valuable and interesting newsletter with good formatting, grammar, spelling and content, one designed to develop a solid and lasting relationship with the people on your list, you’re not talking about just a few minutes a week. If you want the most effective use of a list, this demands consistency of timing, too. So you not only have to commit time and brainpower, you have deadlines to meet, too.

One of the issues that had me kicking myself initially was my shotgun approach to building Adsense sites &ndash I built sites that had very little to do with each other. All the Internet marketing experts agreed that if all I was doing was slapping Adsense on those sites, and not collecting Opt-in e-mail addresses, then I was throwing away an income far larger than the one I was making. But there was simply no way I could afford to maintain and effectively service a list for every site if I was to do it justice in terms of establishing a value-based relationship with the people on the lists. Sure, I could have thrown something together, and I know some marketers do exactly that, but that’s not really my style. An anonymous site is one thing, but an e-mail from me, with my name on it, has to represent something of value.

Still on a personal level, I suppose I should also be happy that, for once, my daughter is actually listening to me! Now she’s into Internet Marketing and building her own sites, she is sticking to a common theme for a whole group of different sites. This means that a carefully written single newsletter can be applied to everybody on the List developed from ALL the sites in a group, because it’s relevant and valuable content to every site in the group. There are also valuable SEO advantages from having a group of sites ( a mini-net) on a common theme, of course; the extra traffic means more visitors, which means a bigger List, … without requiring any increase in time committed to the newsletter. When the Affiliate-based income from the List dwarfs the Adsense income, this Internet marketing strategy is the key to some serious coin.