|
Read Corey Rudl's answer and the rest of the interview:
That’s easy! Learn how to drive targeted traffic to your
site inexpensively and the rest will all come. Once you've
got the traffic, you can change the design of your site, you
can test different prices, and you can even change products
if your product isn't selling well. Without traffic, nothing
you do will make your online business a success.
Now, don't get me wrong! You still have to sell a real
product to real people for real money. You can't just build
a site, promote it, and try to think of a way to make money
after the traffic comes. That was what killed all of the
so-called "dot-bombs" a couple of years ago.
So simply attracting lots of general traffic
isn't necessarily a good thing?
General traffic is fine, but traffic targeted to your
specific niche market is much, MUCH better. In my
experience, finding a niche and selling to it is the single
easiest route to profitability online. If you are trying to
sell books or CDs online, forget it -- Amazon.com will crush
you. Those markets are gone.
However, if you target your market to a specific
interest -- say gardening, hunting, cars, or whatever --
it's easy to find people online with an interest in those
things. All you have to do is find what that market wants
and give it to them. I have a lot of clients that make
hundreds of thousands of dollars a year who just started
their businesses a short time ago and almost all of them
make their money by having specific products that go over
well in a very targeted niche market.
Check out a newsletter I have called
www.SecretsToTheirSuccess.com -- your readers have got
to check this site out. It is cool because it shows how
people that were in low-paying or dead-end jobs are now
making it huge online now, working their own hours and
making profits they couldn't even dream of before. We
interview two new people every month that are making between
$30,000 and $2 million in profit online each year.
Check out the site and you'll see what I mean. You can learn
so much by reading about how they started their businesses
from scratch not too long ago and made them successful by
targeting a specific niche market. For example, one
interviewee makes over $1,500 a day selling a plan
to bald guys on how to regrow their hair. And another guy
sells tools to make wire jewelry and makes $40,000 a month!
These products would be a flop if you sold them at a
local storefront because the market in a local area is way
too small to support them. But on the Internet, you have
access to a global market that can support extremely obscure
products and ideas… and be very profitable!
Corey, I wanted to ask you about search engines. How
important are they to the marketing beginner?
When you are starting out on the Internet, search engines
are a very cost-effective way to drive traffic to your site.
But as your business grows, a good advertising campaign,
joint venture, or affiliate program will outperform your
search engine rankings every time -- guaranteed.
To start with, you have to make sure that people are
actually looking for your product or service online. I hate
to see people starting out on the Web who automatically put
all of their time and resources into search engine
submission when, in reality, their target market isn’t even
looking for what they have to offer in the search engines.
If you want to find out if the search engines will be
worth the effort, there are a few great services online that
I show you in my course that will actually tell you
approximately how many visitors you will get if you have a
top ranking under your keywords in the major search engines.
I tell people to type five of their top keywords into one of
these keyword popularity services, and if your keywords are
not getting more than at least 1,000 searches every single
month, it is probably not worth your time.
Also, you should never make the mistake of relying on
just the search engines to drive traffic to your site.
Although they can be an extremely valuable source of
traffic, they are constantly changing their rules. If you
get into a situation where you rely solely on a couple of
good rankings in the search engines for all of your traffic,
and then one day the search engines drop your ranking, you
could be out of business literally overnight. Believe me,
I've seen it happen more than a few times.
Make sure you have multiple sources of traffic to your
web site so that if you lose one, you are not out of
business!
Pay-per-click search engines seem to be a great
place to test market products on the 'Net. What should
people know about using a pay-per-click strategy for their
site or product?
The pay-per-click search engines can be a great way to
get traffic to your web site but, once again, only if your
target market is actually looking for you in the search
engines. They're great for testing your offer, testing your
site, testing your price, even testing your product to see
if it will work.
Success through the pay-per-click search engines is all
about basic math. If the traffic they drive to your web site
makes you more money than it costs to buy those clicks, then
they are a great investment. Unfortunately, many beginners
pay way too much for keywords, never actually calculate how
much they can afford to spend, and end up losing lots of
money.
I should also mention that you can't expect to enter a
couple of your top keywords into the pay-per-click search
engines and start making money -- that is very rare. To be
successful, you need a list of at least 100 to 500 keywords
and phrases. You can really make pay-per-click search
engines pay off by bidding on lots of less popular keywords
that are actually more targeted than general search terms.
For example, do a search for "gift basket" on the most
popular pay-per-click search engine and you'll see that to
get that top listing, you'd need to pay $2.76 per click.
That's just too much. Instead, bid on lots of less popular
terms like "discount gift basket" at $0.36 per click or
"Valentine gift basket" at $0.61 per click.
What is the most important thing someone needs
to do when starting out with a marketing project?
Test, test, and then test again. Never stop testing
everything. You want to test your advertising, styles,
colors, etc. Test your offer, test your price, test
different types of advertising. The key is to test small. If
it works, apply it to everything you know.
Start small and test. It is pointless to spend all your
cash on a huge ad campaign when you have not proven that
your web site can sell a product. And you must be able to
track what is going on with your web site. I'm shocked by
how many people don’t know their "visitors-to-sales ratio"
-- how many visitors you get daily compared to how many
sales. If you don’t know this, how can you try different
things to see what improves your sales?
Can you give an example of this?
Sure. Let's say that your site gets an average of 500
visitors a day and you sell an average of five products a
day. Your "visitors-to-sales ratio" would be 100 to 1. (In
other words, for every 100 visitors, you can expect to make
one sale.)
Now that you know this, you can start testing different
things. Let's say that you decide to test a new headline and
find that you now sell one product for every 50 visitors to
your site. You've just doubled the profit potential for your
site! And you never would have known unless you had taken
the time to track the activity at your site. I teach this in
much more depth in my
"Insider Secrets" course.
Listen to this: Back in the early days of marketing my
"Car Secrets Revealed" book online, I decided to try out a
couple of new slogans. I had a hunch that the one we had
been using wasn't targeting the right people. Anyway, after
a couple of days of testing, I discovered something that
literally changed my life.
I had been marketing the book to car owners, assuming
that most people who owned a car would be interested in the
book. Well, one of the slogans was targeted towards people
who were thinking of purchasing a new car, not to people who
already owned one. I just about hit the floor when I saw the
results from the test on that slogan! Our sales had
literally increased 400% overnight!
If I hadn't always been testing things, even back in the
early days, I would never have realized this. That's the
power of testing. It has allowed me to build an incredibly
successful business.
Based on your experience, testing probably
thousands of different strategies, what are the two most
powerful ways to market your business on the Internet?
The answer is very simple... affiliate programs and
opt-in e-mail marketing.
First off, affiliate programs are the single most
cost-effective, least risky way to do business on the 'Net.
Affiliate programs are like having an army of joint venture
partners out there working for you twenty-four hours a day.
With an affiliate program, it's easy to recruit
hundreds, thousands, or even hundreds of thousands of people
to promote your product, and you do not pay them a penny
unless they make you money! I started one of the very first
affiliate programs on the Internet, even before Amazon.com,
and I currently have over 70,000 affiliates, so I'm speaking
from experience here.
For those who don’t know what an affiliate program is,
this is how it works: Basically, you get other sites that
share your target audience to link to you. Those links are
tracked by special software so that if anyone clicks through
the link and buys your product, you give a commission to the
referring site.
The great thing about affiliate programs is that they
are pure profit machines. Because you only pay your
affiliates when they send you a visitor who actually buys
something, it's literally impossible to lose money! Even if
they drive 10,000 visitors to your site, you don't pay them
a dime unless someone buys.
That sounds great. But managing a large
affiliate program is a huge job, isn't it?
The best part is that if you are using the right tools
you can completely automate the entire process. You can be
running a multi-million dollar company with only a few staff
in the office. We have over 70,000 affiliates promoting our
products on the Internet and it literally only takes us a
couple of hours every month to manage our program using our
AssocTRAC software. At the end of the month we hit a
couple of keys, it prints out the commission checks, and we
mail them to the affiliates.
There are no overhead costs, no employees, and no
hassles. You only pay your affiliates when they bring you
business, and the software does all the work for you. And
the whole thing only costs about $45 a month to run! This
would be absolutely impossible offline, but the speed and
scope of the Internet allows us to do it at almost no cost.
When we built the second generation of
AssocTRAC software, we compiled over five years of
first-hand experience so that our customers could apply this
powerful strategy to their business without having to spend
the hundreds of thousands of dollars and months of time it
took us to develop it.
I could talk about affiliate programs all day, as it is
a huge topic, but since we only have a limited amount of
time, I'm going to recommend that if you are interested in
learning more about how affiliate programs work and how you
can start one of your own, visit our
AssocTRAC web site.
Could you tell us a little about the second
strategy you mentioned: opt-in e-mail marketing?
The second marketing strategy that every e-business
definitely needs to employ if they want to be successful is
opt-in e-mail marketing. And to get started building an
opt-in e-mail list you NEED to be collecting e-mail
addresses at your site. I can't stress this one enough. If
you aren't doing this, you need to start right now!
Here's how it works: You need to offer every single
visitor to your site a reason to leave you their e-mail
address. It can be for a free newsletter, a free report, a
demo version of your software, a contest... Any reason you
can think of to get people to leave you their e-mail
address.
If someone visits your web site and actually takes the
time to subscribe to your newsletter by giving you their
name and e-mail address, this obviously means that they are
interested in what you have to offer. Congratulations! You
have just captured an incredibly hot sales lead!
By simply following up with these people and e-mailing
them quality information and facts, you will instantly build
your credibility by developing the rapport that is needed to
close sales.
The bottom line is this: Most people are simply not
comfortable shelling out money the first time they visit
your web site. Unfortunately, the Internet is a big place,
so the chances of them finding you again once they leave
your site are pretty slim. By capturing their name and
e-mail address, you can guarantee that they will not forget
about you.
What are some things that people should keep in
mind when sending e-mail promotions?
First and foremost: The names and e-mail addresses you
collect on your web site should be treated like gold and
never abused. If you constantly e-mail these people with
blatant advertisements and plugs for your products and never
actually send them any valuable information, you will ruin
any chance you have to sell to them in the future.
Also, opt-in e-mail is impossible to manage unless you
have the right tools and information. In my "
Insider Secrets" course I have almost 200 pages of
cutting-edge information on this topic alone that will show
you how to build an extremely responsive opt-in list very
quickly and then show you how to follow up and sell to these
targeted customers again and again and again.
We use a powerful e-mail automation tool called
Mailloop that automates all of our e-mail promotions. I
personally started using this software over 6 years ago and
it quickly became such an indispensable part of my business
that I actually bought the rights to it from the developer
so that my customers could benefit from all of its powerful
features.
This software is so cool… It is like having your own
personal e-mail secretary -- but it does not take any
breaks, does not talk back, does not ask for vacation, and
did I mention that it works 24 hours a day, 7 days a week?
It handles almost all of your e-mail: It subscribes and
unsubscribes people automatically from your opt-in lists, it
merges your orders into your customer database, it
automatically sends out your promotions, it automatically
responds to your customers' commonly asked questions, and
much more.
It just leaves you with the e-mail that you need to
handle personally -- it takes care of the rest. We use it
every day to automate our business and stay in contact with
our clients; it is solely responsible for generating over
$100,000 a month in new business for us. You can check it
out at
www.marketingtips.com/mailloop.
Click here for Corey
Rudl's tips on growing your business and some very
interesting predictions about the future of an Internet
business...
|