Monday, December 1, 2008
Internet Marketing Strategy - Double Your Sales Overnight
There are lots of Internet marketing strategy that you can employ, but one of the classic forms is results tracking. By tracking the results of your Internet advertising campaigns, you can quickly learn what works and what doesn't.
Direct marketers have been using this strategy for years, and it can easily be adapted for the Internet. However, you must come up with a way to measure the results of Internet advertising accurately. The direct marketers use a trick known as "split testing." Split testing uses a specific key or tracking device to associate a sale with the advertisement that produced the sale. For example, in a print ad, the key or tracking device that may be used could be a specific phone number or extension. When a customer utilizes the number or extension, the marketer knows exactly which ad drove the customer to seek out the
advertised product or service.
Split testing can easily be adapted and incorporated into your
Internet marketing strategy. To track the success and failure of
Internet advertising, most Internet marketers typically use some sort of tracking software to associate the "key" with sales. A simple way to do this is to develop two web pages that feature two different ads. You can then track the sales results of each ad to see which worked best, and if necessary, adjust your Internet marketing campain accordingly.
For example, let's say that on one of the pages, you received 2,000 page views and 20 sales. This means that you have a success rate of 1%. Not bad. This is the average for both direct mail advertising and Internet advertising. Now that you have this information, you have statistics you can rely on. You can test other pages to see if they perform better or worse. You can also adapt the original pages to see if your changes have any effect on the sales outcome. Try adjusting headlines, graphics, text, and anything else you can think of. Then, compare the results of these changes to the original results. After you have tested different variations of your Internet advertising, you can quickly determine what works and what doesn't. Your Internet marketing strategy can then be adjusted accordingly. If you succeed, you may be able to double your sales without spending
extra money on other forms of advertising.
Now that we have looked at one of the classic forms of marketing
strategy, lets look at another marketing strategy. A lot of people have never considered niche marketing. If you are not familiar with niche marketing, here is some information that will help you understand what it is and how it works.
Niche marketing occurs when you focus on a targeted portion of the Internet market. Niche markets provide a product or service for a defined group of customers who have very specific needs. Niche marketers address the need and market accordingly.
For example, many people sell clocks. But, how many of them sell
clocks that are shaped like animals? Selling animal-shaped clocks is niche marketing. Of course, clocks are only one example. Once, you get thinking about the kind of products and services you want to offer, you will realize that the possibilities for a niche are virtually
One of the biggest mistakes that new Internet entrepreneurs make is ignoring the concept of niche marketing and focusing on big markets that appear to be big money makers. The problem with this tendency is the level of competition that is often encountered. Those who are already in the market are experts at what they do. It is almost impossible to compete with them when you are still learning the ropes of running an online business.
With a niche, you can significantly increase your chances of success. Because there is less competition, people will actually be able to find your website, and in turn, buy your product. Niche marketing can also help you get traffic in other ways. For example, when using pay per click (PPC) campaigns, niche marketers will be using keywords that have less competition, providing consumers with more opportunities to click on the niche marketer's site.
Niche marketing can also lessen your advertising expenses. Instead of promoting your products and skills to a wide customer base, you are focusing on a specific group of people. This means that you can advertise and market your goods in places that these consumers frequent.
If you want to avoid one of the most common business blunders made by new marketers, consider niche marketing. Niche markets are everywhere, providing you with the ability to monetize your website in ways you never imagined. All you have to do is find your niche.
Cliff Posey, owner of Websites That Succeed provided this info. Get related articles below: Website Tips , Success Online, Website Development or Websites That Work.