If you have started earning your first few dollars as an internet marketer,
are you enjoying the way that you are doing so?
If so, common sense would suggest that you should continue what you are
doing, but get better at it.
On the other hand, if you are really not enjoying what you are doing, then a
change of direction is probably called for, because enjoying what you do
every day is an almost essential element of doing it well!. This is especially
true, of course, when the only person that drives you on every day is you.
Once that decision is made, here is how you proceed:
1. Follow a successful model.
Most successful marketers are following a business model or system. Find
the model or system that best suits your style, ambitions and abilities and
model what you do on that system.
However, the idea is not to copy exactly what others are doing, because
what works for them may not work in quite the same way for you. You
should also be aware that many systems or new marketing ideas work best
before the market becomes ‘saturated’ with people who are all doing exactly
the same thing,
For example, a couple of years ago there was a vey successful product that
taught people who bought the product a system for setting up blogger.com
blogs for maximum profitability from AdSense advertising. The product
creator had done very well with his system, made a good deal of money and
held nothing back when he sold the system manual.
The problem was, however, that the reason that he had been so successful
was that he was the only person doing what he was, and for that reason,
people in droves were clicking on his AdSense adverts. By the time the
hundredth and then the thousandth person started to do exactly the same,
however, the idea was no longer or original, and therefore not nearly so
effective. Consequently, many of the people who brought the system made
little or no money at all when they used it.
So, the secret is, find a system that seems to be working and then see
whether There is anything that you can do that will improve that system.
Such improvements can only be measured by tracking and testing, which is
something that we will look at again a little later.
As an example, bum marketing is a money making system that has been
around for quite some time now, but is still extremely effective. In fact, the
precursor of bum marketing, article marketing, has been actively used by
hundreds of successful marketers for many, many years, and has always
been one of the most effective and popular methods of driving visitors to a
monetized website.
Moreover, bum marketing costs very little money, and will drive traffic to
your web site on a longer-term basis, rather than being something that is
here today, gone tomorrow. For these reasons, bum marketing as originally
conceived became an extremely popular marketing method very quickly.
However, to at least a certain extent, using bum marketing ‘straight out of
the box’ is what a newbie would very probably do, whereas someone who
was moving beyond that stage would be looking for their own system
‘tweaks’ that would make it even more effective and profitable.
This is why there are so many people who have posted threads on the
Warrior Forum site about the little tricks that they have discovered which
have made the bum marketing system even more effective for them.
2. Discover your own unique selling point
To continue with the previous example, bum marketing is clearly effective.
If, however, you could come up with your own variation of the system that is
considerably more effective, then not only would you be able to earn a
great deal more money by using that system yourself, but you would also
have the basis of an infoproduct that you could sell to other marketers.
There are lots of forum members who are coming up with their own tricks
and tweaks for the system, so it is evidently possible to make improvements
even to such an effective and successful system. Therefore, rather than
using the system ‘as is’, you should take the original concept, mix in all of
the other good ideas that people who are using the system have come up
with, and then see how you can develop the whole thing still further.
As suggested previously, the only way that you can actually establish that
any new model you come up with is an improvement on the old one is by
testing. Assuming, for example, that you believe you have built a superior
bum marketing package, then you need to have a system in place to test
that new model against the old on a back-to-back basis.
In order to do this, you might have to do things a little differently to the way
that you did them in the past.
For example, if you have been an affiliate marketer, then in all probability
you started off by sending traffic directly to the product vendor’s sales letter
as a way of generating sales and therefore commissions.
If you continue to do this, however, it is going to be extremely difficult to
track your results, unless the original product vendor will allow you to place
a tracking code on their sales letter page (which is extremely unlikely unless
you’re making a huge number of sales for them).
In this situation, what you would do is create two landing pages of your own,
with each of these pages should be identical to the other as far as your site
visitor is concerned. This is because what you are testing here is the
effectiveness of two different systems or models, and if you use different
landing pages, then that introduces another possible variable which might
skew your results. Publish these two landing pages on the net under your
own domain name and web hosting account.
The landing pages should be designed to offer your visitor a free gift in
return for their name and e-mail address.
Once you have ‘landed’ this information, then you automatically redirect the
visitor to the product vendor’s page.
Using landing pages in this way means that you can add a percentage of
your visitors to your mailing list, and that single step represents a very
significant advance in your long-term business building efforts.
Each of these landing pages should contain a different tracking link to the
other that you can create entirely free using Google Analytics.
With these tracking codes installed on your to landing pages, you can then
track which page (and therefore ‘system’) is sending most business your
way. To do this, your web hosting account will in all probability feature
everal statistics packages which will enable you to track where your visitors
are coming from. If your hosting account is using a cpanel, then look for the
‘Web/FTP Stats’ icon.
By clicking on this icon, you will be taken to a list of different statistical
analysis packages, from which you should select either AwStats or
Webalizer:
everal statistics packages which will enable you to track where your visitors
are coming from. If your hosting account is using a cpanel, then look for the
‘Web/FTP Stats’ icon:
By clicking on this icon, you will be taken to a list of different statistical
analysis packages, from which you should select either AwStats or
Webalizer.
Both of these programs will tell you where all your traffic is coming from,
and that will, in turn, indicate whether your modified or improved system is
actually performing better than the original.
If it is doing so, and the improvement is significant in terms of visitors
coming to your site, mailing list signups and sales generated, then you have
a product from which you can generate increased profits, and also one that
you might like to bring to the market as a product for sale to other
marketers.
3. Invest in your own business and future .
When you reach the point where there is a reasonable level of money being
generated by your business, you should avoid the temptation to think of it
as income or money in your pocket.
Instead, this money should be considered to be seed capital for growing
your business even more. Even when using a system as simple and as costeffective
as bum marketing (as an example), there are tools and resources
that you have to pay for that will improve your effectiveness significantly.
Many online marketers who are using articles as a primary way of
advertising and promoting their business will manually submit those articles
to the top half-dozen article directory sites. In order to maximize the
effectiveness of those submissions, they will go to the time and trouble of
rewriting their articles so that a unique variation is submitted to each of the
directory sites from which they hope to generate visitors.
The advantage of using only the top half dozen directory sites is that the
whole thing can be done manually and therefore at no cost. On the other
hand, there are several hundred article directory sites on the net, and it
would obviously be considerably more effective if it were possible to submit
a unique article to hundreds of directories, rather than to a small handful.
Doing this manually would take for ever, but it can be done using a program
like Artikel Submitter or Quick Artikel Pro & Submitter. Whilst it is therefore obvious that using such a
program would massively increase the effectiveness and therefore the
profitability of submitting articles to the directory sites, a program such as
this one which would enable you to do it is not free.
Once again, we return here to the difference in the mindset needed to
advance from being a newbie to a position where you begin to be a serious
marketer. In all probability, most newbies earn money from their internet
marketing activities and pocket it.
As someone who is intent on becoming a serious marketer, however, you
must understand the reason for plowing some of that money back into your
business.
If, for example, you were previously earning $100 a month, it clearly makes
sense to invest that $100 if by doing so you can earn $300 a month.
In this scenario, if you take the original $100 and spend it, then your income
level will stay at the same level, so your monthly profit is $100.
By investing that money in software or resources that increase your monthly
earnings to $300, in the first month you will increase your profits by 200%
(i.e. you earned but then spent $100 to gain $300, a profit of $200).
In every subsequent month, however, the whole of the $300 that you
receive will be profit, assuming that you do not choose to spend some of it
on other tools or resources that will enable you to increase your profit levels
still further.
This extremely simple example illustrates why, in order to move beyond
being a newbie, you have to be willing to invest some of the money you earn
from your online activities back into your business.
In some ways, this is, in fact, one of the clearest signs that you are treating
your business as a serious one, rather than as a hobby that pulls in a few
extra dollars a month. That in itself is an indication that you are moving
beyond being a newbie internet marketer!
Section summary:
· Locate other successful online marketing businesses, and model what
you do on those businesses. However, do not slavishly copy them
· Whatever business model you choose to follow, try to improve and
upgrade the system if possible, so that you can add your own unique
selling point or angle.
· Be willing to invest in your own business. This is one of the surest
signs that you are treating your internet marketing activities as a
serious business, and also one of the quickest ways of accelerating
your profits.
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