By Joel Teo 2005 All Rights Reserved Globally http://www.MakeThousandsToday.info
Most people in a new year make resolutions to make more money and attempt to make money online. However it is also true that a vast majority of people fail to actually make money online. Why is this? Most people in their haste and enthusiasm to make money online go all out and attempt to “try their luck” and go around purchasing advertising to promote and try to sell whatever affiliate program or home based business opportunity that they have with no results to show for it. So not only are they not making money, they are losing money online.
How then can you make money online with any business? While many people tend to try to complicate our lives, this article shows you two steps that you can take today to increase
success of your online business and make you money online.
Step One: Anyone trying to make money online is trying to sell something. Spend some time writing down who you think your target market is. Many people spend countless hours thinking about wrong things, like how many people can I get to visit my website and then how many projected sales you can get. People love to tell you that internet conversion ratio is about 1% so that out of 100 people visiting your website, you will get one signup or sale. I would say quit believing in numbers. That is putting cart before horse. Your conversion ratio will increase once you get targeted visitors to your website. By writing down exactly who you want to target to visit your website, you will know what articles, and what tone of writing your website should take and therefore once visitor visits your website, he should find what they are looking for and you make money when they either signup or purchase something from your website.
Therefore, when doing online advertisement once you gave analyzed what is your target audience, you can then go to places where your target audience would visit and your conversion ratios will increase. For instance if my website was selling baby shoes, when placing an online advertisement, I would target specific audience that I was looking for and place an advertisement in an ezine that targets moms. Spend time writing down who you think your customers will be and then place your advertisement accordingly with right language that motivates your customers in right way and you will make money.
Step Two: Next develop a method to track how your ads are doing. Once you can track where your hits are coming from, you can then write down what ads are working and spend more of your monthly advertising dollar there and thereafter make more money from increased online sales. This is also what people deem by calculating return on investment for any advertising campaign.
