Online Marketing Today & Making Money Online - Strategies Review
You may be wondering whether to do both affiliate marketing and ecommerce business or just just stick to one. There are several advantages and disadvantages associated with dropshipping as well as those associated with affiliate marketing. To be successful, you need to focus on one business then perfect it before you can proceed to the next. For instance, you will need people to help you to run the business. You will be the one to make a decision on several issues related to the business. To increase the chances of succeeding, you need to focus on one and perfect it. Here are some of the reasons why it is necessary to focus on one business opportunity:
You Get to Concentrate on the Business
There are several issues related to running an online business. For instance, you need to design the website and market the products. If you can base on one type of business, then it will be easy to give it the attention it deserves so that you can perform the best. Any business to succeed requires complete concentration. If you can focus on one business at a given time, then it becomes easy for you to concentrate which is very necessary for the success of your endeavor.
Reduces Losses in Case of Failure
If you proceed with two businesses at a time, you may end up failing in both. The losses will be high. It is better to focus on one at a time so that you can master the strategies involved. Remember you will have to invest in the business. The more the resources you have to invest, the higher the chances you will succeed. If you can take time to focus on a single business such as affiliate marketing, then it will be easier for you to succeed with much less stress.
High Chances of Succeeding
When you give a given business your best, then there are high chances you will succeed. You may have to spend a lot of time on it before it can succeed. If you do not have other interruptions from other ventures, then you will have the necessary focus you need to succeed. There are several new things you may have to do in a new business venture. In most cases, you may not know more about such issues. When you focus there are high chances you be able to accomplish what you are set out to do.
Concentrating on one Business is Affordable
You may have limited resources but you would like to run a business. In such a case, you need to focus on one at a time which will increase chances of succeeding. When you have a lot of resources to spend in a given business, then there are more chances it will thrive. Remember you need to take all the necessary measures to ensure the business succeeds, with the necessary concentration.
Following the above steps is just an overall guideline. You should remember that the main thing is to focus on just one, rather than trying to do many different ventures at a time.
Creating an income online is easy for some, not so much for others. Some people got lucky, while others simply try but fail time after time. Eventually those failures become successes. The ones that make it are the ones that press on and treat each failure as a learning experience.
Some of the most successful marketers have had many failures and they all looked at these as learning experiences. This is the same approach that you should incorporate in your strategy to become a success online.
Go About it Yourself
One way to attempt to make a living online is to go about it yourself. If you are lucky, you might find a winner. However this is not the recommended approach. Instead what you should do is model what other successful people have done and create your own version. Don’t copy, but borrow ideas and strategies of what others are doing.
To give you an example, if you know of an ecom store that is doing very well and there is limited competition, then you could start your own ecom store and model it after that one. See what the winning products are and sell them as well. If the competition is low, you could make a lot of money in that niche.
Get a Course
The best way to ensure success is to learn from the guru’s. You’ll need a course but not just any course, you need one that is trusted and has many positive reviews. Check out eCom and affiliate marketing reviews on Drew’s Review where he reviews internet marketing products. You can also look up reviewers on Youtube to see if there are other courses that you think are a good fit for what you want to do.
Make sure that the course you buy has a guarantee. Some courses that cost a lot of money offer no refunds so you need to be aware of this before you purchase any online course. Read more than one review as well, because you want to be sure the reviews are not biased in any way.
Don’t Quit Your Job Just Yet
Some people think that if they quit their job they can spend more time to grow their business online. Don’t do that. You will need an income to grow your business. For example, if you start an ecom store you will need money for Facebook campaigns. If you want to quit your job, you should do so only after you business is growing and has become profitable. Even then, the money you make should be reinvested into your business. You should reinvest at least 50% back into it or more. This will change as your business grows.
Staying positive is a key factor to your growth. Working alone on this is difficult and especially if you are not getting support from family and friends. Most people are conditioned to believe that you need a job to survive. If you look at the people that are successful, most of them do not have a job but some kind of business. Fortunately most people would rather have a job, so less competition for those entrepreneurs out there.
It’s a hard climb uphill to make money online but you can do it. Perseverance is key and you will succeed. Just keep at it and learn from your mistakes. Ignore the negative people in your life that are bringing you down. Disassociate yourself from them and get new friends that have a positive mindset. Most successful entrepreneurs approach things this way and so should you.
Today there are many ways that you can make money online. Back in the day a very common strategy was spam, where you would buy email addresses and spam to the list offers embedded with an affiliate link. Nowadays spam still goes on but has been drastically reduced with laws that have been put in place.
One of the earliest ways to make money online is by affiliate marketing. Companies that got in early and set up a website realized this potential. They could see an interest of people wanting to make money so essentially these companies through affiliate marketing set up a massive sales force where they dont have to pay any wages or benefits. They simply used these people to promote their products and paid them a percentage if they got a sale through their link. It is essentially a win-win relationship.
Aside from this, one of the earliest marketing strategies is e-commerce. Think of ebay or Amazon. Even big brand name stores saw the potential online so started to build websites and put their products on the site to sell. Soon most businesses followed suit but one of the main problems was trust. People were still apprehensive to enter their credit card details online. Nowadays that has really changed and people do it without even thinking.
Strategies today are much more advanced. Companies will create “funnels” which essentially starts with getting your email address and then “warming” you up so to speak. You’ll be taken through a variety of steps and information before you get the pitch. Back in the day you’d be pitched almost instantly. Today, that does just not work anymore.
As you can see, things are different now and if you don’t have a website as a business owner you are losing money to your competition. The best part is that you can start a business online without having a building, staff, electrical bills and more. Anyone can do it and the startup capital is very low depending on what model you choose.
More will be discussed as we move along.