Let’s say you have an online business you are trying to make money online with. It is easy to get caught up in the excitement of everything going on around you and start spending money you may not have. Let me offer a few tips on where to spend money if you are an Internet marketer.
Your voice will attract the type of people who would like to work with you and follow you. If your voice puts them off, chances are VERY GOOD that these people WOULD NOT end up being successful PAYING clients or customers for YOU anyway.
Setup an eCommerce site and sell products that are relevant to the topic of your site. For example, if you have a blog that focuses on mobile phone products, you can sell chargers or cords for mobile phones.
The cost of advertising your products can ruin you fast if you don’t know what you’re doing. CPC cost per click advertising can add cheap panel up big time and if your ROI return on investment is low you’ll be crying the blues. You have to convert those clicks into sales. In order to do that, you need to understand how your web site design, navigation, ease of use, price points, guarantees, sales page and trust-factor all affect the outcome of a sale. If the pieces of the puzzle aren’t put together in just the right way – you’ll be out of the game before you know it.
Autoresponder. Successful Internet marketing is all about building an email list. To do that you need subscribers to give you their name and email address and store those in an autoresponder. This is going to cost you around $20 a month using a quality auto responder.
Local news outlets – If your business is based in Los Angeles, you’re probably not going to make into the LA Times, but if you are in West LA, you stand a good chance of getting a link from the Argonaut. Find the local news source in your community. Is your company planning a big community service event? Invite a reporter! Did you just release an awesome new website?! Let them know how your business is growing. Get that link!
Companies spends millions of dollars each year promoting their brand recognition. Unless you live under a rock, you know what the Golden Arches mean. You know what the food will taste like and you know what types of food and service you can expect. You even know (approximately) when you can get breakfast type foods and when you will get lunch/dinner fare.
That depends on your growth rate. The faster you grow, the more money you make. Let’s say you decide to charge each customer $10 a month for a hosting plan. That’s a reasonable price and you shouldn’t have any problems acquiring customers at this price point. If you acquire 20 customers in your first month, that’s $200 revenue per month. Next month, you acquire another 20 customers. Your income grows to $400 a month. But note that your work rate didn’t increase – you are still acquiring customers at the rate of 20 customers per month. By the end of 12 months, you would have 240 customers and your monthly income is now $2400 per month! And that’s just the first year. If you stay a few more years in the business, your income can grow to quite a substantial amount.