How To Market And Make Money Online
With any online business today online and offline marketing plays a big key to either your business succeeding and making a lot of money, or failing and you losing a lot of money. However marketing online is not all that easy as some may make it out to be. If you jump into it to fast you can quickly lose a ton of money if you market wrong. So lets take this time to go over the correct ways of how to market and make money online.
First you will want to set up some type of marketing budget that you can follow for the month. When you do this make sure that you do not to set your budget to high, because you are just starting out so you will want to take your time and test things at first. A good marketing budget to set would be a couple hundred dollars. This will allow you to test a number of things like google awords, yahoo, and maybe even a good press release.
This moves us into the next part of how to market and make money online. You must test your ads first. Not every ad you post or submit is going to work. So make sure you test your ad to first see what kind of results you get from it. At the end of your test if you like your results you have gotten then you know this ad will work, and you can then invest more money into it.
The next most important thing to do with any marketing campaign is to track your ads. You could have the best ads in the world running, but if you are not tracking to see which ads are converting into sales you could be wasting a lot of money and not even know it! So make sure that no matter what type of ad you are running that you have a way to track it, and see if it is worth keeping or not.
Finally you will want to stay educated. There are always new ways to market online and offline. So it is very important to read up and educate yourself on these new ways of marketing. You can do this by reading messages boards, or surfing the web for new ways to market. Always remember though. Test every new marketing spot you find before you go and invest a lot of money into it.
Introduction to Marketing
November 20, 2009 by admin
Filed under Business Ideas
Marketing: Marketing is analyzing and satisfying consumer needs. A strategically planning and executing of a set of objectives to bring buyers and sellers together so that a sale can take place.
3M’s are Money, Management, and Marketing
In the 3 M’s of Business model Marketing play a key role.
Buying and Selling of and exchange of goods for an agreed amount.
Marketing is the promotion of products or service especially advertising and branding.
The 4 P’s of Marketing are
• Product
• Price
• Place
• Promotion
Marketing can be classified as 3C model also
• Customer
• Company
• Competitor
3 conceptions of marketing are
• Production concept
• Selling concept
• Marketing concept
Short Term Factors in Marketing System are
• Product
• Place
• Price
• Promotion
Long Term Factors in Marketing System are
• Technological
• Legal
• Cultural
• Economic
Different Components of a Marketing Plan:
1. Market Research/Analysis
2. Marketing Objectives/Goals
3. Marketing Mix/Strategy
4. Marketing Budget
5. Market Monitoring and Evaluating
6. Plan Check List
Types of Marketing:
• Internet Marketing
• Offline Marketing
• Word of Mouth Marketing
• Guerilla Marketing
• Print Advertising
• Direct Mail
• TV and Radio
• Network Marketing
• Services Marketing
• Evangelism Marketing
• Relationship Marketing
• Experiential Marketing
• Mobile Marketing
New Media marketing types:
• Internet
• Mobile phones
• IPODS
• PDAS
Types of Market Research:
Exploratory Research: Better understanding of the problem dimensions.
Descriptive Research: General understanding of the marketing problem
Causal Research: Used to identify cause-and-effect relationship.
Top Marketing Rules:
• Rules are Meant to be Broken if needed
• Marketing Must Result in Sales and growth
• Be unique
• Keep a deadline
Promote Your Internet Business Offline!
Promote Your Internet Business Offline!
Yes you heard me correctly. Promote your internet business offline. Usually you hear how you can take your offline business and bring it online, but I’m going to show you how to do the opposite. Why promote offline? There are a lot of reasons. Increase sales, reach more people, and grow your websites bottom line. Big businesses are marketing offline and you should be too. Your probably on a small marketing budget just like I am. That’s why I’m going to show you how to effectively market your online business offline with minimal cost.
Offline marketing is more expensive than online marketing, but it can be very effective to tie online and offline marketing together. There are a couple of different ways to tie-in offline marketing. What I’m going to cover here is using postcards and/or brochures to increase your sales. I personally use postcards to help promote my website and to sell my products.
Mailing Postcards work great if you have one or two products that you’re promoting. Any more than that and you should be mailing brochures, which I’ll talk about a little later. I like postcards because they are cheap to mail. It costs 23 cents to mail a postcard 1st class. Online marketers will realize that this is a cheap sales lead.
If you have more than one or two products to promote, you will want to use a 2-sided sales sheet or a small catalog. These will cost your 41 cents to mail, plus you’ll need an envelope. Your marketing price will at least double, but it can still be effective. Especially if you’re selling higher priced items.
Where will you get prospects for your mailing? The first place, I suggest you market to, are your existing customers. People who have purchased from you before will more than likely purchase from you again. As long as your selling products they need or want. Example a mail order company can sell mail order programs for their front end products. Then they can mail back end products, like mailing lists, labels, and other items that the customer will need to mail out their program.
After you market to your existing customers and you have a good sales piece working for you. Then is the time to get a mailing list. I recommend you test a mailing list before you do a mass mailing. Order 500 to 1000 names. If you make a profit from your mailing, chances are you have a winner on your hands and it’s time to order 5000 names. Send that mailing out and get ready to process some orders! Don’t stop there. Continue to market on and off line and you’ll have a great marketing mix. One more thing I’d like to mention about mailing lists. Don’t waste your money on cheap mailing lists. It’s Plain and simple. You will not get the results you need. Make sure the names are fresh 30-90 days old. Stay away from companies that offer you free names with your order. Like buy one get 2 free or companies that offer free names if it’s not deliverable. The free names will probably be just as bad as the rest of them.
When you write your direct mail pieces. Make sure you use proven formulas. Get a good book or report on writing direct mail pieces. You can find advertisements in business opportunity magazines that offer programs for free or a few dollars. You can answer a few of those ads. You’ll get some good and bad examples mailed to you. You’ll be able to tell the difference. Pay close attention to the ones that grab your attention. Those are the good ones. The poorly written and the poor copy pieces end up in the trash and probably won’t hold your attention. You’d be surprised at what some people mail.
A mixture of online and offline marketing is a more rounded approach to marketing. Using these two methods for your business can work very effectively.
The End of Offline Marketing?
Do you spend a considerable amount of your marketing budget on traditional offline marketing approaches such as radio, television and newspaper advertising? You could be significantly losing out.
Like it or not, the coming of Internet Marketing has sounded the death-knell for traditional methods of marketing and associated advertising. Newspapers are rapidly shedding staff; even the UK’s Channel 4 Television can no longer survive without merging with another channel due to the drop in advertising revenue it had previously relied upon.
So why is offline marketing dying off?
Compare the traditional direct mail marketing technique with online email marketing approaches. Take a sales letter and mail it out to 10,000 people. Add up the cost of stationery and postage, even with discounts for mass postage, you need a good budget. Now compose an email, add your database of 10,000 customers and email it directly to their inbox in less than 10 seconds. The cost is nothing and you essentially require no budget.
Furthermore, recent research indicates that direct mail only generates a 2% response rate; email marketing generates 5 times as much. Offline Marketing cannot compete with these results.
Is it a surprise that traditional offline marketing methods are dying off? Their share of the market shrinking, revenue receding as the online marketing sector grows and takes over the lion’s share of the market?
If we contrast the range of offline marketing, we easily reveal an important weakness in the traditional approach. Offline marketing is limited by geographic location. Newspaper circulation or television/radio broadcasting range limits the effectiveness of the offline marketing campaign. Online marketing campaigns are geographically limitless. If you wish, you can advertise your product or service to millions of people across the entire world.
Broadcast and print advertising has always been expensive, and in their dying days, they still won’t compete with the Internet on cost. Online marketing offers targeted marketing, rather than blanket marketing at a fraction of the cost.
That neatly brings us onto the ability to target your exact customer. Offline advertising can only attempt to do this by hoping enough men are watching football, or women are watching Desperate Housewives. With the online alternative, you can target the very customers that are already looking for your products or services. Again, offline marketing cannot compete with this level of accuracy in finding customers and bringing them to your website.
Using Internet Marketing rapidly reduces the time between a potential customer seeing your marketing and responding to it. Online marketing promotes immediate reaction, generating immediate revenue. Your customer sees your ad. The customer reads your ad, they like what they read, they check the price, and it’s good. They click to add the product to the shopping cart; they fill in their details and click to pay. Within three clicks or so, you’ve made a sale. Traditional marketing methods simply cannot produce these rapid results, or the volume of increased business that they are capable of producing.
Whilst some people will cling on to offline marketing, suspicious of the Internet’s success, their competitors using online marketing are increasing their sales by the hour.






