Thursday, November 13, 2008

How You Can Succeed in a Sea of Competitors

There millions of Internet Marketers on the net. Those who are a bit successful are instantly glorified as gurus, but they do not possess any extraordinary talent than you.

The only thing they're doing is marketing the right way and persevere in their quest. There's a myth in net marketing that it's all about the product. People spend a lot of money having the perfect website designed, the best information product written, and set huge budgets hoping to recoup their ROI(return on investment) for their ad campaigns. They think they've done as much as humanly possible to succeed, but then a month later, they find their bank balance empty, their website sitting static with no noticeable amount of targeted traffic.

To avoid this fate, what you need to know is how to market, because once you can do it the right way, you will succeed. You can sell anything, including a service, product, or membership.

What's Wrong with the Way People are Marketing Today?

Let's start with the way people are choosing their target audience. It's too broad. Most net marketers hear the word "niche" but still try to go after that all-encompassing group of people that range the entire spectrum of consumer demographics.

Success on the net is derived from providing value to a narrow niche. if you're competing against hundreds of other products that would fit the bill for a general audience, then the chances are, your site will resemble a needle in a haystack.

But if your site markets to a group of people you zeroed in on and you are one of only a handful of competitors marketing to that group with such specific information, then you tower over the competition and stand out in a way that increases your rate of conversion.

You have to find a way to draw traffic in, which means developing a USP(unique selling proposition)-something that shows you have you have a unique point of view independent from the dozens of other sites.

When you first start thinking about what you're going to be marketing, be sure to look for what solutions are missing in the industry. What problems are people having that still aren't being resolved with what's already already out there?

Another common problem with marketing today is the overwhelming number of options people have. They're not creating a plan before before they set out to profit on the net; they're just jumping from opportunity to opportunity. Many marketers don't take time to figure out a system, so when it falls to produce the first time, they pack up shop and move on.

Instead, you have to learn to master each marketing opportunity. If you're using a Google AdWords PPC campaign, then you should know the inns and outs of AdWords before you ever set up a budget and start running ads

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