The Formula for Online Success
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This “formula” is one that all successful online businesses use.
Traffic + A product or service that converts = CASH
Pretty simple, huh?
Traffic plus conversions equals cash. Strip all the hype away and it all boils down to that one simple formula. Remove traffic from that equation and you don’t make any money. Remove conversions from that equation and you don’t make any money.
Consider that for a tic or two.
You see, getting traffic to your blog that converts (or takes action on an offer) is the one thing that’s most important in any online business.
One way some people are making money online is thru affiliate marketing. Put simply, affiliate marketing is sending web traffic to a merchant’s web site and being paid a commission on any sales you may make. Here’s where you want to take time and think about what it is you want to promote. Some things you might consider:
Does the product/service convert?
The kind of product you’d want to consider promoting is one that converts a higher percentage. In other words, you would want to choose a product that converts at 10%, rather than a product that converts at .5%. That would be a difference of making 100 sales per 1000 visitors vice 5 sales per 1000 visitors. Makes sense, doesn’t it? An awesome place to look for products is the Clickbank Marketplace. Tip: The higher the gravity, the more a product converts.
Does the product relieve pain or address a health issue?
Like it or not, there’s a ton of cash in the pain relieving niche. Pain is a major buying motivator for people. Ever have a bad toothache? Then you know what I’m talking about. Most of the best products an affiliate can market are those that relieve a pain and people will spend money on a product that relieves pain in an economic recession. I know that may sound uncool, but it’s the truth. There be money in them thar pills.
How much are my commissions?
Given that it takes just about the same amount of effort to promote any product regardless of cost, that’s a question that I really can’t answer due to there being no concrete answer. On the one hand, 1 sale of a high end product might net you a healthy commission. On the other hand, it might not convert as often as a $10 product. But hey, if that high end product does convert well, you’re talking high dollars deposited directly into your account. So that’s something you’ll want to take into consideration when selecting a product to promote.
In my next post, I’ll tell you about ways to create whats called a “sales funnel” where you can “pre-sell” visitors and increase your conversions, so stay tuned.
On a more personal note, our plan on our move proceeds. We are looking to be on the road this coming weekend and in SD by Monday. That’s all I have for now and as always, I hope this finds you well.
Hi,
This is great work and very good information on online marketing. This post will really help beginners to learn about online marketing, although it is basic but, it will help others a great deal in future.
I totally agree to you, it’s not that simple to get succeed in online marketing business, its need hard work and commitment.
I personally like your post; you have shared good insights and experiences. Keep it up.
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This site rocks!
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Hey good stuff…keep up the good work! I read a lot of blogs on a daily basis and for the most part, people lack substance but, I just wanted to make a quick comment to say I’m glad I found your blog. Thanks,)
A definite great read..
-Bill-Bartmann
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That’s also in my mind…
I also using that formula.. haha…
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Very hepful tips mate…
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Ricky @blogging t
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this one is really great. well written.its useful for me. thanks for sharing
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I don’t know If I said it already but …This blog rocks! I gotta say, that I read a lot of blogs on a daily basis and for the most part, people lack substance but, I just wanted to make a quick comment to say I’m glad I found your blog. Thanks,
A definite great read..Tony Brown
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wonderful to read. this will help me a lot.very well written post. useful as well.
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good info keep it coming
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Hi
Dropping by to ask for your prayers and support for the Flood Victims of Typhoon Ondoy that just hit the Philippines, Metro Manila. I was very fortunate that my apartment has been spared from the major flooding but many have died and many more need to be rescued. Drop by over at empty streets to find out how you can also support those that have been hit by this tragedy.
sincerely,
Metz
Empty Streets 1027
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Here a ton of information here. Thanks! I’ll be back for more
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Mike,
Your blog is very informative and has helped me quite a bit, and I wanted to say thank you with an award. I don’t know if you participate in them or not, but an award is waiting for you over at Candles, Crafts and Whatnot. Congrats!
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mkyd1963![](http://www.gravatar.com/avatar/4620664be21be159c97b59d0566d649d?rating=X&default=http://pub.mybloglog.com/coiserv.php?href=mailto:mkyd1963 from <a href="?cid=562" onclick="javascript:_gaq.push([)
michaeldroberson.com&n=mkyd1963@michaeldroberson.com' alt='No Gravatar' width=40 height=40/> Reply:
September 29th, 2009 at 11:33 am
Why, thank you very much, Kat. While I realize I’ve not been really active of late, it’s nice to know there are people, like yourself, who care. Thank you and I appreciate it very much
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Hi, thanks for this interesting and helpful post. I think there are aspects I can apply. An interesting point still remains: how to increase traffic which has a higher probability to convert?
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mkyd1963![](http://www.gravatar.com/avatar/4620664be21be159c97b59d0566d649d?rating=X&default=http://pub.mybloglog.com/coiserv.php?href=mailto:mkyd1963 from <a href="?cid=575" onclick="javascript:_gaq.push([)
michaeldroberson.com&n=mkyd1963@michaeldroberson.com' alt='No Gravatar' width=40 height=40/> Reply:
October 1st, 2009 at 3:36 pm
That is the question, Cindy….One way is to submit relevant articles to article directories that point back to a squeeze page, blog or sales page, which will be a subject of a future post that I’ll not get real deep into here, but my research does indicate that this traffic method is one of the best ways to drive TARGETED traffic to any type of site…Thank you so much for stopping by and I hope you’ll not be a stranger
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Thank you for another great post.
I look forward to many more entries with high quality info.
I’m a marketer myself and your information always seems to get my business brain going!!
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Great post! My friend runs a small business we do internet marketing for companies and so a lot of our e-newsletter, blog and seminar content revolve around for promotion. Thanks!!!
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