Showing posts with label Online Business. Show all posts
Showing posts with label Online Business. Show all posts

Knowledge on types of Affliate Programs

After the long break, Im sure most have completed on creating their own sales letter. Ok lets recap.

We have already done:

1) Looking for a niche market
2) Looking for a product
3) Setting out own website and sales letter

Next lets move on to decide what are the different ways to earn money?

1) Pay per click
2) Pay per sale
3) Pay per lead


Pay per click

You will get paid for every single people that you refer to from your website to your affliates.
This require a constant amount of traffic daily to earn more revenue as most affliates normally pay
$1 to $2 per click.


Pay per sale

You will be paid for every sale that you refer to your affliates. This normally can get you more
revenue as most affliates from www.clickbank.com pays you up to 75% commission.


Pay per lead


You will be paid for getting people to sign up the form provided by your affliates. Some credit card
company can pay you as high as $35.00 per lead that you send them.

Creating A Sales Page

This is a very important webpage for Internet Marketers who want to attract people to purchase their products.

I give you a more indepth review on how to write a good sales page in 2 simple ways.

1) Create Hope

People purchase product because they want to get something out of it. E.g. People purchase E-Book on "How to lose 10kg in 1 month" to hope that this ebook can really help them to shed weight. Therefore, they are willing to fork out the money. Out of 10 who buy the E-Book, how many who actually follow through all the way listed to lose weight? The answer is almost none.

Many products also come out with the 100% money back guarantee if the methods listed are not effective. This is because they understand that its human nature to not follow through whatever method that is inside the E-Book. There may be 20 methods to lose weight but people gave up after trying 10 methods. Therefore, the possibility of the consumers asking for money back is low because they know that they did not finish trying all the methods. As a result, they do not dare to ask for money back and said that the book is not effective.

This is a very lethal weapon in creating a sales letter.

In this case, your sales page could show a video of 1 lady which was slightly plump before using the book and film her doing all the mention methods on the E-Book on how to lose weight. Thereafter, showing the after results. This visual let consumers brighten with hope and believe that this product can let them lose weight.

This is called Creating Hope.

2) Be Pressing

Offer discount and promotions in your sales page. You could do something like sign up before 20th July and you will be give a free DVD on how to lose weight and an additional discount of $30.00.

Upon seeing this, consumers who already have the intention to buy your product due to the 'HOPE' factor that you gave them, will be even more eager to buy your product now since there are free gifts and discount if they sign up as soon as possible.

At this time, you might be thinking that you actually got into this situation before? Frankly speaking, I did fall into that but luckily the product was good. Do share in my comments if you have encounter any product that did not delivered what they promise so that we could avoid them.

3) Reviews

Get a few person to test on your product and review them. Add those reviews to your sales page to increase on the credibility for your product.

With all this 3 factors in place, your sales letter will be good enough to attract attention for visitors to your site to carry on reading and maybe even convert it into a sale. Work hard on the sales letter for today and send me a copy of the sales letter if you want me to review and help to make some fine tuning to it.

Do add in comments if you feel that there are additional factor you can add in to sales letter to make it more powerful.

Day 3 - Building and publish your online business website

Ok now we are ready to build our website and find a web hosting service to publish. Building a website that can attract visitors are very important. If your website cannot hold the visitors for more than 1 min, the likelihood of them buying your product is very low.

So how do you actually attract the visitors?


Title & Sales letter

You must have a very interesting title to first capture their attention to read further. Next, produce a sales letter that talk about your product and how much money can they earn from buying the products. Put reasonable figures like earning $4k/mth to make people think that this is not a scam. Think like how a website would attract you to stay on and incorporate that into your website.

There are alot of good website builder online and they are free:

1) http://www.bluevoda.com/
2) http://www.weebly.com/
3) http://www.pagebreeze.com/
4) http://www.ewisoft.com/

I am personally using blue voda because its easy to use and it provides video tutorials on how to create a website. I could give you some tips on your website if you tell me the link of.

After building your website, you need to publish your website and host on a web hosting services. You might be asking why dont publish on free servers?

1) Domain name will contain the free server name which doesnt look professional.
2) Lower bandwidth ( This is impt when traffic starts growing. )

Furthermore, there are some web hosting services which provides very low monthly cost and giving a free domain name. I strongly recommend IPOWER web hosting because of its low cost of only US$4.95/mth. Not only did this come with a free domain name, it is also giving $50 Yahoo! Search Marketing credit and also $30 of Google Adwords™ credit.
Total of $80.00 worth of advertising.



affiliate_link

However, you have to sign up for 1 whole year of their plan to be entitled the advertising credit as well as the free domain which cost around $60.00. Of course there are other website hosting service on the market as well but Im recommending this to my reader since I have already did the research on this.


P.S. Off to build my website

Day 2 - Finding your product

Basically after finding your niche market, the next step would definitely to find a product to advertise and sell. This is also known as affliate marketing.

Next question you will ask is where to find products to sell? There are several websites which has a large list of products to choose from:

1) www.clickbank.com
2) www.cj.com
3) www.amazon.com

These are the 3 major affliate websites that has a vast number of products ranging from digital to physical product. Im sure you can find a product that is suitable for your niche market.

The next problem you might face would be that there are too many similar products to choose, so which should you advertise. Don't worry because you would not face this problem in affliate programs like clickbank and cj because you can check their EPC ( earnings per click ) and know more information about the product's conversion rate. (Conversion rate means out of 100 people that know about the product, how many would actually buy.)

Therefore, the higher the conversion rate, the easier the product would be to sell.

Day 2 - Finding your niche market

Up next we should be looking for a niche market to focus on. However, if you have your own designed product to be sold, then your niche market should be very specificed.

This section is more for internet marketers that do not have their own products and want to use products available in the market to sell. In another terms, this is known as
affliate marketing.
To me, there are 2 criterias in finding the niche market.

  1. Finding the most searched keywords on the search engine.
  2. Selling products that you have knowledge about.

Taking in comparison.

Marketer A

1) Has knowledge on how to play golf
2) Using the most searched keywords E.g. how to play golf


Marketer B

1) No knowledge of playing golf
2) Using lowly searched keywords playing on the green



Which will get more sales? Definitely marketer A. Therefore the 2 criterias must be fulfiled before choosing your niche market.

Got another E-Book here which I found to be very informative. Many detailed information on how to find a profitable niche.


P.S. This is a very important part for Internet Marketing. I will spend some time to research on this first.




Day 1 - Google Adwords

After reading on how does blogging give me money making opportunity, I carry on with how to get people to visit my blog. Now I realised that with a great product but low traffic, you cannot clinch a sale.

Imagine

  • You are operating a traditional business with your store along streets with very low traffic flow - lets put it at 100 people.
  • Out of this 100 people, maybe only 10% will enter your store.
  • Out of this 10% who enter your store, how many would actually purchase your product? Let's be optimistic and say 30% will buy.
  • Per sale you make $20.00 so in this case you have make $60.00.
This theory is the same as per traditional business.

MORE TRAFFIC = MORE SALES


From the previous E-Book, I have discovered a few methods to increase traffic to sites. The most popular method would be Google Adwords or Yahoo! advertising. Its called pay per click advertising. This means that your website link would be advertised in the 2 search engines and every click on the advertisement would cost you $$$.

Imagine

Good Scenario

  • 50 people clicked on the advertisement and landed on your website.
  • Out of this 50 people, 10% was interested in your product.
  • Every sales clinched = $25.00. Therefore, you make a total of = $125.00.
  • Not forgetting you need to pay Google Adwords or Yahoo! advertising for bringing traffic to your website which costs you $1.00 per click = 50 traffic x $1.00 = $50.00
  • This leave you a profit of $75.00.

Bad Scenario

  • 50 people clicked on the advertisement and landed on your website.
  • Out of this 50 people, none was interested in your product.
  • Not forgetting you need to pay Google Adwords or Yahoo! advertising for bringing traffic to your website which costs you $1.00 per click = 50 traffic x $1.00 = $50.00
  • This leave you a loss of $50.00

What Im trying to bring across is the high risk of advertising on the search engines although it will definitely bring traffic to your site.

Im definitely very lucky to find a E-Book on how to get google ads free. This will definitely save alot of my future cost in google. I will check that book out and review on it again.




Do check the website and wait for my review.


P.S. Off to sleep. Start working tomorrow again.

Day 1 - How to create a blog that earns money?

I will begin writing a journal on what I did for my business.

The first thing I know about myself is Im not a IT savvy person and knows very little about what internet marketing or business are all about.

So with this, the first thing i need to do is to get more knowledge on it.
With this, I started turning to E-Books for help. I managed to find this E-Book which costs me $19.00 on how to earn cash by blogging.
I haven't started reading it as yet since Im blogging right now. I could send you a copy if you want and we could discuss on how to earn money online. Leave your name in the shoutbox and I will get to you when Im online.
P.S Off to read the E-Book.