Internet Income
WHAT YOU WILL LEARN
To avoid the inherent
obsolescence that preys upon any attempt to capture the workings of the
Internet, the Internet Income Course has attempted to deal with lasting
concepts. In this final section of the course, we continue to remind
you of some of the most important of those lasting principles that have
been highlighted and explained during this course.LASTING PRINICIPLES OF AN EVERCHANGING INTERNET
Recall from our discussion of Network Science that continuous growth is necessary for survival. This is true for networks and for nodes in the network. As the Internet becomes more competitive, it is important to add new information to your site often. With a properly organized Website or blog, you can constantly add new content to your Website in a very organized and effective way. Make sure that you create an RSS feed to allow access to your new content through email programs and feed readers. Your RSS feed promotes your new page to everyone who has subscribed to your RSS Feed. Create social media profiles (ex. Facebook and Twitter) and post a link to your new content there also. This way, you can effectively drive new traffic to your Website and, by the constant addition of new content to your Website, you can effectively promote your Website's status with other Webmasters and the Search Engines.
Buy From Your Own Store--Use What You Sell
The natural first step upon becoming involved in a marketing organization is to buy and try the products yourself. Unscrupulous organizations have blemished network marketing by requiring their representatives to purchase poor quality, overpriced products in order to qualify in the opportunity. The key difference between these illegitimate organizations and the legitimate ones is the quality and price of the available products. TripleClicks.com offers many high quality, reasonably priced products. The numerous affiliates who maintain their own storefronts through TripleClicks' ECA program also offer many reasonably priced quality items as well. To succeed, you must, at some point, find the thing that feels right to you and commit to it. You have to act on it. In a marketing organization, your first action, logically, is to purchase and try the products and services yourself. Buy and try until you find the ones that really excite you--then promote based on that excitement.
Feel The Excitement
Allowing yourself to feel the excitement is important to your success. Give yourself a reason to smile. Find what excites you. Let yourself feel the excitement that comes from undertaking your Internet Marketing venture with SFI. The excited and the passionate are the ones who become successful. The excited and the passionate are the ones who truly enjoy life. All of us have great passions and great energy within us just waiting to engage in the right opportunity. Don't hold them back. From passion and excitement comes action--enjoyable, fulfilling action. From that action comes success.
PPC Marketing
With the success of Google Ads and the emergence of Facebook and Twitter advertising, the importance of paid marketing is increasing progressively. With the proper knowledge and skills, you will be able to obtain traffic to your site that will result in conversions. When your skills are honed, you will be able to do so while spending less to obtain the traffic than you make on the conversions resulting from the traffic. That is, you will be making profit!
The skills needed are:
Keyword GenerationThis set of skills will allow you to engage in effective Campaign Management, resulting in a profitable online business.
Writing Effective Titles and Descriptions
Designing Effective Landing Pages
Bidding Strategies
Tracking Strategies
Guideline Compliance
Before jumping into a PPC Search Engine Marketing campaign, you should define the conversion that you are seeking. You should also determine the value of that conversion to you in monetary terms. Then, starting out, you should only bid or agree to pay an amount that will likely result in profit. When you start, follow your results and, if they are not profitable, experiment by changing the individual bids on your keywords. If you cannot achieve the results you desire by changing your bids on your existing keywords, you can ad new keywords. Studying the results you have already obtained (by sorting the results for the different values in turn), gives you insight into what adjustments you should make to your keywords and bids.
One strategy is to search for keywords that have been overlooked by your competition. Finding keywords that produce traffic but are not being heavily bid upon by others is an inexpensive means of gaining traffic to your landing page. Another effective strategy is to increase the value you obtain from popular keywords. You can do this in two ways. One is by increasing your profit on your product. The other is by refining your ad and your landing page to increase the ratio of conversions. If you can produce more value from the traffic, you can be more effective in the bidding war.
Keywords have economic value. This economic value correlates to the amount you have to bid to place your ad in the desired spot. Because there is much competition for these ad placements, they are awarded to the bidder whose combination of bid amount and ad popularity will generate the most revenue per impression for the search engines or social media site. There is little you can do to change the market price that has been set for a popular keyword by this bidding process. There are strategies that make you more effective, however.
The procedures discussed in Lessons 18 and 19 can be employed to develop and expand your list of keywords.
To understand how to test your keywords, you must understand the importance of positioning. The position in which your ad appears in the search engine results for a particular keyword is crucial to the results you will obtain from your ad. The value of a keyword, both to you and your competitors, is dependent upon the positioning in the search results for the keyword. Your Keyword Strategy, thus, needs to take into account each possible position for each keyword and evaluate your keywords relative to each position. From this evaluation, you can determine the best position for each keyword. Once this is done, the keyword can be evaluated against other keywords in your list based on its best possible performance. With this knowledge, you can determine which keywords to bid and which to discard.
To determine the best position for a given keyword, you first collect data for the cost per click (CPC) and the conversion rate (CR). From these you can calculate the conversion cost (CC). Then you collect data for the click through rate (CTR). Your conversion value (CV) should have been determined at the start of the campaign. You can then place all of these values in a table and determine the profitability (P) for each possible position for the keyword. The position with the highest P value is the best position for that keyword.
You can also use the P value for the best position of a keyword to compare that keyword against other keywords on your list.
PPC Search Marketing also involves the use of "Ads" and "Landing Pages." The Ads are short and usually restricted to words only. The Landing Pages are under your control and can be as media rich as you can make them. To obtain the desired CTR and CR, you must balance your Ads against your Landing Pages. To avoid a low CR, limit the appeal of your Ads to just those likely to convert. Thus, use logical persuasion in your Ads to limit your Ads to only those truly interested in your product or service. Then, use subconscious advertising on your Landing Page to ensure a good CR.
We discussed paid advertising in detail in Lessons...Much of the information there is still very helpful today. It is worth your time to review those lessons before you venture into paid advertising.
Social Media
Online Social Networking is the latest trend on the Internet and one that is not only here to stay, but destined to dominate the Internet for the foreseeable future. Internet users have taken to Online Social Networking because it better approximates how people naturally make connections and form associations in the offline world. A peek at some of the sociological theories on social networking is helpful to understand how and why the process works, both offline and online. Online Social Networking (Social Media) is important to Internet Marketers because making connections and forming trusted relationships is at the heart of successful marketing.
Social Media sites should not be thought of as advertising sites--and should not be approached as such. Social Media sites should be thought of as 'branding' sites. As such, they can be very useful to building your business, if used properly. Take your time and try to create an interesting profile. Post often with interesting and informative or entertaining posts. Use 'in-context placement' when you do promote products or services.
There are close to one hundred popular social media sites. Due to the number of these sites and the difficulty of choosing between them or trying to keep up with all of them, we can anticipate each including much openness and interaction with the others, allowing you to create universal modules that can interface with most of the social networking sites simultaneously. Online social networking is big business, with all of the popular sites being valued highly in the market. Twitter seems to have won the distinction of being the most lasting and most important of the social networking sites for now. Facebook has been extraordinarily popular as well, but Facebook is expected to lose popularity somewhat over the coming years. Internet entrepreneurs would do well to stay fully abreast of the developments and trends in online social networking and use them to their advantage.
CONCLUSION
