You often hear many success stories about how businesses made a fortune on the internet. Unfortunately, for every success story, there are ten or maybe a hundred stories of exactly the opposite. Many people have launched an online business only to end up in failure. Only a small percentage actually succeed.
Is this luck of the draw? Right. To succeed in an online business, you need the same business savvy you need in a physical business. Besides accepting help and making the effort, you need to be eager to succeed and the determination to learn what you need to do. You will need to invest some money into your business and do a lot of hard work.
The Basics
Traffic is number One. Unless you have traffic, all your efforts are for nothing. Businesses need customers without them no one would buy your products or services. Online, customers are called “traffic.” The more traffic you have, the more potential sales you have.
Just like a business located in a mall or on the street, not everyone who passes by will enter, and not everyone who enters will buy. However, the more people who enter and see what you've got, the more people will opt to buy what you have to sell. This is a simple fact of doing business.
So, the question remains: how do you get enough traffic to make a good profit from the small percentage that will actually buy? Large companies with name value like Walmart can get tens of thousands of visitors a day, and if only ten to fifteen percent buys something, they are doing good business. But what about you?
Many of the online businesses that succeed pay others to help them get traffic. Yes, it's true you need to spend money to make money. You need to advertise. It is common sense that the more people who know your business exists, the more will come to visit.
There are some methods to advertise for free, but they don't generate the high volume that paid methods generate. Paid advertising schemes include services from Yahoo and Google.
The Value of Searches
Doing a search is the easiest way to find what you need online. Search engines are popular because they provide a service that everyone needs. They're easy to use and they're free. Obviously they get millions of hits every day. Can you see why it might be advantageous to advertise on search engines?
These search engines give people the information they need every day. They offer links to sites that people are searching for. If your site pops up as one of the first few links on the results page, there is a good chance they will visit your site. You could save money by doing search engine optimization, but it takes a lot of time and expertise to make it work effectively. Paying for advertisements ensure that your site appears on the first page of results.
Paying for advertisements is like paying for traffic. While you may not think it sounds like a good idea at first, once you see the payoffs, you'll think differently. Paying for your traffic ensures you a consistent flow of visitors to your site. Empty sales days will be a thing of the past.
Paying for your Traffic
Most businesses choose to be charged by the number of hits their ad gets. This is called pay per click. Sometimes you will be charged by the number of times your ad shows up when your selected keywords are searched. Good keyword content is very important so your ad comes up during relevant searches. There are several tools available to help you find the right keywords.
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