Oct 22 2009

Promoting Your Online Business -a Checklist of Effective and Affordable Marketing Techniques

Category: Affiliate Marketing, Online Bussiness — admin @ 5:47 pm

The Internet’s full of hyped-up promises of the ‘ultimate’ marketing secret that will singlehandedly skyrocket your business to instant success.

Naturally, this is ALL it is: hype. There’s no single ’secret’ that will magically transform a fledgling business into a powerful money-maker. Instead, every business owner is responsible for testing and refining various techniques until he or she has developed a solid, effective base that produces the desired results.

What works for one business may not work for another! Likewise, another business may have poor results with one method, while others experience great success. Here’s a quick checklist of some of the more popular — and completely free — marketing techniques to help you build your online business (note: this is a 3-part series).

PART 1: FREE ONLINE MARKETING TECHNIQUES

1. Build and use your own opt-in list of targeted and interested prospects. Offer a free newsletter that provides fresh, interesting, and relevant content. You’ll receive feedback from your readers about what’s important to them, and over time they’ll come to know and trust you. Your products, services, and even recommendations will then be taken much more seriously because you’ve developed credibility with your readers.

2. Contribute to newsgroups or discussion boards. Establish yourself as a helpful member of a community. Other members of the community who come to know and respect you will often refer you to others.

3. Niche directories or search engines. Find all the highly-targeted directories and SEs for your market, and then work to get listed. You’ll be surprised at how many niche sites there are! Good places to start
looking are http://yahoo.com/ and http://www.dmoz.com/ .

4. Build your link popularity. For example, you can trade links with other businesses in your market so that you can ’share’ each other’s traffic. Most of the major search engines take link popularity into consideration when ranking your site.

5. Endorsed mailings to other lists. Find the editor of a great newsletter, and offer your product or service to him for free in return for a review or an endorsed ad to his list. Endorsements from the editor can far outperform regular ‘ads’, since they come from someone they know and trust (the editor).

6. Testimonials. It’s fine for you to say that your product or service is wonderful… but there’s far more ‘punch’ when someone else says it! Testimonials show prospects that you have happy customers and helps them to make the decision to buy.

7. Use autoresponders to follow-up with your prospects. It has been proven time and time again that autoresponders can dramatically increase your profits! They’re also great time-savers, saving you from following up with
each prospect manually.

8. Ad swaps. You can get extra exposure for ‘free’ (no out-of-pocket expenses) by swapping ad space with another editor that caters to your audience. Plus it’s a great way to put ‘remnant’ ad space to good use.

9. Join a webring. Link to other sites like yours and build an online ‘community.’

10. Offer coupons or gift certificates to entice visitors to make a purchase now*.

11. Make good use of referral marketing. Ask happy customers to refer prospects to you. Many people are so busy these days that they’re willing to rely on a trusted friend or contact’s advice — it saves them the time necessary to do all the research themselves.

12. Write and distribute articles in your area of expertise. This is a great credibility-builder! People who appreciate what you have to say are much more likely to check out your business. Another ‘bonus’ is that articles are often archived on websites for visitors to refer to time and time again.

13. Become an ‘expert’. If you like to write and have the time to do so, consider partnering with a high-traffic site within your niche market and offer to write a regular column or article. You establish credibility and get exposure; your partner site and their readers get great content.

14. Use a ‘Recommend-It’ or ‘Refer-A-Friend’ script. These scripts let visitors send your URL to friends.

15. Make it easy for others to link to your site. Consider adding a ‘Link to Us’ section where you provide the HTML that visitors can simply cut and paste to their own web pages. Again, this helps to build your link popularity (see point #4).

16. Hold contests. For example, every month you could give away one of your products to a lucky subscriber or customer.

17. Use a signature. Also known as ’sig files’, a signature is a brief blurb about your business along with your URL and/or contact information. Put a signature on every piece of email you send out, as well as on any message board posts (if appropriate).

18. Give away a quality free eBook or report. eBooks and reports can be excellent viral marketing tools. You can even offer them as a ‘premium’ to other businesses within your niche, so that they can give it away to
their own customers or subscribers. This is an effective way to build a network that will willingly promote your business for you! More on promoting free eBooks and how they can help you can be found in the
article, ‘10 Quick Tips on How to Create, Distribute, and Profit from Free eBooks’: http://onlinebusinessbasics.com/articles/ebooktips.html Hopefully this has given you a few helpful ideas on how to market your online business. In the next installment of this series, you’ll read about several marketing techniques that may cost you money, but that can be worth the investment many times over. The final installment is all about marketing your online business in the ‘offline’ world! Stay tuned.


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Oct 21 2009

Internet Marketing For Sales Leads

Category: Affiliate Marketing, Internet Marketing — admin @ 3:24 pm

NO matter what business you are trying to build online, you will need sales leads if you are ever going to make sales, and sales leads are what you are trying to generate if you are marketing on the internet. In order to survive, any web site needs a steady flow of qualified leads.

The aim of any lead generation campaign is to build your mailing list. Internet marketers often say “the money is in the list”, which is totally true. A list of responsive buying customers that trust you is worth its weight in gold!

While spam filtering has lessened the impact of email marketing, it’s still a viable means to getting your sales messages out there. In theory, email is marketing is free, although of course its costs you in terms of your time. The theory behind email marketing is that by using a “hook” such as a free product or some other incentive, you can “funnel” interested parties onto specific products and services.

When you consider generating leads via an email campaign there are basically three avenues you can explore: email signatures, joint ventures and safe lists. One word of warning though, and that is avoid spam at all cost, one spam complaint can seriously damage your online business. You should familiarize yourself with the laws concerning spam, and at the very least ensure you include a un-subscription link in ALL your marketing emails. Due to spam, it is advisable that you avoid buying leads, no matter how reputable the company, buying leads can easily lead to a spam complaint, you have been warned!

In its simplest form, email marketing is a matter of putting a signature in all your emails that contains a link to your main product.

If you are looking to vastly increase your list quickly then a joint venture (JV) may well be the key you need. In its simplest form, in a JV you supply the product and a fellow marketer supplies the leads and you share the profits. Hopefully, you will then get the emails of your fellow marketer’s customers, so you can then mail them with further offers.

When considering a joint venture there are many considerations you have to think about, but the main one, before you consider contacting anyone about mailing to their list, is “what’s in it for THEM”, not “what’s in it for me”. NEVER write to a fellow marketer unless you can offer them something of value in return for their help, and that is not necessarily just a share of the profits, be inventive!

Finally you have safe lists. A safe list is a list of people that have agreed to receive marketing emails in return for being able to send their own marketing email. The value of this form of marketing has never been that good. After all you are trying to sell to people who are only interested in selling to you!

You can use pay per click advertising such as overture or Goggle adwords to advertise your site and draw in interested leads.

One other highly effective way of generating interested leads is posting in forums that are related to your area of business. Include a link to your site in your signature and people interested in your sphere of business will often click it if your forum post was interesting.

Three other popular sales lead generation techniques are submitting articles to ezine publishers and article directories, press releases and testimonials for products in your target market.

No matter what lead generation technique you employ you will need a way to capture your leads email address when they arrive at your site.

The traditional method has been to use a pop up or pop under which contains some incentive to get someone to sign up. With the invention of pop up stoppers their effectiveness has dwindled and therefore unstoppable pop ups (also know as hover ads or slide in ads) have evolved. This new generation of pop ups are built into your webpage and as such cannot be stopped. Simply do a search on Goggle for “unstoppable pop up” and you are sure to find a software solution to produce these types of pop ups for you.

The other alternative is to use what is called a “name squeeze page”.

In essence a name squeeze page is a web page whose sole purpose is to capture an email address.

They generally contain a small amount of information about the product or service you are selling as a “teaser” for the reader and will contain a sign up form, with a message like “to find out more simply fill in the form to be immediately directed to further details on this amazing product”.

A name squeeze page not only helps build your list, this information can also be used with certain software to help personalize your site for your visitor, a technique that has been shown to increase sales. Again, simply do a search for name squeeze page generators.

No matter how you generate sales leads there is one thing always to bear in mind, and that is to be effective your leads must be in your targeted market. If, for example, you are selling internet marketing products, then it’s no use advertising on a site that is all about scuba diving!

When you start to build your online business, ensure you include a well thought out sales lead generation strategy from the beginning. Do not make it an afterthought; this should be in place from the very beginning if you want your business to be a success.

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Oct 21 2009

How to Track Online Marketing ROI Using Cost-per-Action

Category: Affiliate Marketing, Cost per Action — admin @ 3:05 pm

Forget clicks, page views, and impressions; the only way to effectively track your online marketing ROI is through Cost-per-Action (CPA) analysis.

As the online advertising market is poised to grow nearly $10 billion over the next six years, it’s essential that we remember the importance of measuring the effectiveness of that spending. There’s no point undertaking any marketing or advertising campaign unless you can measure its results. And results are best measured in terms of return on investment (ROI).

Unfortunately, in the world of marketing and advertising, many businesses seem to be losing touch with their general objectives. The tools may have changed, but the principles remain the same – Your advertising campaigns are only successful if they meet the objectives you set out to achieve. So if you’re after increased sales, you need to measure the cost of each sale generated to determine your return on investment.

Fortunately for advertisers, tracking ROI for online advertising is much easier than it is for traditional forms of advertising, such as TV, Radio, Newspaper, Magazine, and Billboard. When you market online, every advertising campaign can be tracked and measured all the way down to the penny. This is why more and more advertising dollars are being spent online every day.

Why Not Cost-Per-Click or Cost-Per-Impression?

When it comes to tracking campaign effectiveness, many businesses rely on Cost-per-Click (CPC) and Cost-per-Impression (CPM) statistics. But what many people forget is that for most businesses, clicks and impressions don’t earn you money. So by tracking clicks and impressions, you’re not really tracking return on investment. The same is true of page stats.

If you’re like most businesses, impressions, clicks, and page views are simply a means to an end. (In fact, without corresponding sales conversions, they’re nothing more than unjustifiable expenses.) If you only earn revenue from sales, you need statistics linking costs and sales. In other words, you need to measure cost-per-action (CPA).

Cost-Per-Action (CPA)

In a CPA campaign, you run an online ad on third party sites and they charge a commission when a lead is generated or converted. It’s performance-based pricing. This means the publisher wears most of the advertising risk, as their commissions are dependent on good conversion rates.

Perhaps the most widespread use of CPA is affiliate marketing. With affiliate marketing, you determine what actions you will reward and how much you’re willing to pay per action. For example, you might engage an affiliate site to promote your business. If they generate sales for your business, you can pay them a commission. Your cost-per-action would then be the cost per sale or lead generated.

Tips on Conversion

The following conversion tips will help you plan your CPA campaign and avoid some common pitfalls.

1) How are sales and leads recorded?

For many businesses, the obvious result which constitutes a conversion is a sale. If your sale is recorded or registered online (e.g. e-commerce), it can be considered a measurable action. This means you can choose a sale as the desired action in your CPA campaign.

Depending on the aim of your campaign, you may want to measure other outcomes in addition to, or instead of, sales. For instance, you might measure leads in the form of membership registrations, newsletter subscriptions, software downloads, or just about any other activity beyond simple page browsing. So when your customer clicks register, or subscribe, or download, etc., the conversion is automatically registered and the details are fed back you’re your CPA campaign.

In either case, at any time, you can log in and view your campaign results in real time.

2) Set up a landing page to capture lead contact details

If you’re paying for leads, you obviously need to know when a lead is actually generated. Generally a lead becomes a lead only when the customer supplies you with their details (name, contact numbers, email, etc.). This means you need to set up a landing page on your site capture these details. Your capture page can be collect contact information or it can be as simple as a signup for a monthly newsletter.

3) Get your CPA provider to set up your landing page

If you don’t have the time, inclination, or resources to set up the necessary forms and database on your own site, the CPA provider can do it on their hosted server. They collect the leads and calculate the statistics. For many businesses, this is the ideal option because it saves them time and money, and there are no tracking discrepancies.

4) Find a CPA provider you can trust

If your CPA provider will be collecting leads and calculating statistics, you need to know you can trust them. There are plenty of trustworthy providers out there; you just need to find them. A trustworthy provider will find out what your exact needs are and spend time researching your niche market online. By performing this marketing analysis, your provider will be able to tell you exactly how much business they can bring you on a daily, weekly, or monthly basis. If they can’t provide you with this important information, then this is a good indication that you are not speaking with a professional internet marketer.

Just as importantly, with a trustworthy provider you’ll be able to personally speak with the internet marketer who will be working on your project. This person will be an expert in the field of internet marketing, not just a sales rep.

5) Avoiding excess fees

WARNING: Some CPA providers charge a setup fee ($2,500 to $10,000) and/or a network fee (20% to 30%) for each sale or lead that is generated. Before committing to a provider demanding high fees, make sure you are getting more for your money. Most of the time high fees simply mean the sales rep is getting a higher commission!

6) Measuring your conversion rate

The Formula for measuring CPA is by dividing the total cost per advertising campaign by the total number of actions (conversions) that were received from each ad campaign. For example, if your online ad campaign costs $1,000 and generates 50 sales or leads, your cost per action (CPA) is $20.00 each.

7) Improving your conversion rate

A high conversion rate depends on several factors:

·Visitor Interest Level – The interest level of the visitor is maximized by matching the right visitor, the right place, and the right time.
·Offer Attractiveness – The attractiveness of the offer includes the value proposition and how well it is presented. TIP: Small, impulse items typically have a higher conversion rate than large shopping items.
·Ease of Process – The ease with which the visitor can complete the desired action is dependent on site usability. Important considerations here include intuitive navigation, contact info capture page, “Buy Now” or “Apply Now” buttons and fast loading pages.

In summary…

Because CPA allows you to identify exactly how much it will cost to acquire a customer, there’s no guesswork involved. You have the ability to precisely calculate your ROI. And because online tools and ad serving technologies allow you to monitor effectiveness in real time, you can even tweak campaigns while they’re still running. If you can master effective online advertising, you’ll not only save thousands in implementation costs, you’ll also reap the rewards of a far higher return on investment.

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