Archive | May, 2012

Internet Marketing Report

How to Use an Internet Marketing Report

What is an internet marketing report? It could be several things–a newsletter that comes out every so often, a monthly online or offline magazine article, or an under 30-page document. You’ve probably seen a number or these, and most likely used the information you gained from them to your advantage. But creating your own report is a great way to gain customers and to establish presence, visibility and expert status.

The word “report” usually signifies some sort of authority or objective information to most readers. This is one way that it differs from an e-book, which can be subjective with not as much point-by-point information. A report is also shorter, which is often seen as an advantage in the eyes of the reader, as well as in your eyes since you will be putting in the effort to create it. E-books are usually considered to be over 40 pages long. Finally, reports tend to be offered for free, while e-books often come with a price.

So, how do you come up with an internet marketing report? There are several avenues that can lead you to your first report. The important thing to consider is that this report should be free and it should eventually introduce readers to your next product which they will pay for. So, you’re report could be the first chapter in your e-book. Or it could be a summary of just one point that will be covered in your ebook. Or it could be an entirely different sort of take on one aspect of internet marketing. For example, your report could focus on the mental attitude you need to be a successful online marketer. While your next product would focus on the actual tasks that you need to perform in order to be successful.

You can also give away your report in exchange for your reader’s contact details. So, you ask them to fill in their name and email and after they have submitted this information, they can have the report. In this case, you have them on your list and can keep in touch with them in order to promote your next product or some other affiliate products.

Similar to this, you can give your report away as a bonus. If your readers buy something else that you offer, they then get the report for free.

The structure of your report should consist of a cover page, a “Welcome” or “Thank You” page, a Table of Contents, the various topics or chapters, and then a conclusion and another thank you. Make sure that you also include all of your contact information and pictures to break it up a little bit. You will want to save your report as a PDF file.

These are just a few of the many different ways in which an internet marketing report can be used.

Category: Uncategorized

How To Write A Winning Sales Letter

Writing a sales letter is tough and writing a winning sales letter is even tougher. Many sales managers break their heads thinking why they can’t get it right. Well, to answer this question they should put them in people’s shoes and ask what “benefit “would I get by reading this sales letter? Remember that word “benefit” which is the crux of this discussion. Many sales people take bits and pieces of information from here and there and create mess out of a sales letter. They literally throw everything on people and then get what they deserve, instant rejection.

One should always remember that a sales letter works only when you have a product to sell and an offer to make. A sales letter should not be an introduction of your product or company. Remember every word is important in the sales letter and do not waste a single one which would distract your potential customer’s attention. They are not interested in the features of you product but an offer or a benefit to them. Think from the customer’s point of view and ask yourselves why should I read the letter? Is there any benefit or offer to me which cannot be refused? Can you convince me that it is really a good offer?

After keeping in mind these things, sales managers should apply thought in presenting their letter. The header or the headline is very crucial to any sales letter. It should target directly to the customers of your product. One also needs to be little tactful in use of words. But if you are not good at the trade do not attempt to do it and rather be simple in writing it. The headline should not be more a line, so try to be as specific as possible but with maximum affect. Nobody has time to read each and every letter in this fast paced era of instant satisfaction. If you are not able to convey your message to the audience in stipulated time, then you have lost those customers. The headline should start with a benefit being offered to the customer. This ensures that the customer goes to the body of the letter at least.

Now, having made a good effort with the heading, it’s the time to work on the body of the letter. How to maintain the level of enthusiasm that you created in the customer’s mind with the heading? Once again it is important to remember to not to focus on features of the product you are trying to sell but on the benefits and offers you are making to them. Things like how much money it is going to save them and how it would affect their lives should be mentioned in the body of the letter. Make them realize a need for it and compare it competitor’s product. Remember, a person reading your sales letter will constantly get questions in mind as to how this will benefit me, after each and every sentence. So be ready to clear those doubts and answer the questions. Being little informal in the approach wouldn’t do a harm and try to grab the attention by relating things to real life things. You can add a little bit of humor but unless you are sure that it won’t be in the bad taste of the reader. Bring in few previous clients to give testimony of your products. But keep the testimonials believable and something that people can relate to.

Once you’ve made clear about the product, do not forget to prompt your audience to take action. If it is an email, prompt your reader to click on a link to act now or provide a contact number if it is a direct mail. Also remind them again that if you don’t act now you will forfeit the offer as the offer is for limited time only.

Once you are done with the letter, one of the important parts of the sales letter is P.S. Many people simply read the beginning and end of the letter. So, try to convey something that will prompt them to go back to the letter and read it. It will be a perfect end to the sales letter.

Category: IM Strategies

Doing Research On Marketing

Research on marketing is essential to understand the pattern of marketing. This is possible by searching existing knowledge related to business marketing. It is a form of business research, business-to-business marketing research and business marketing research. Marketing research is done in many forms and all these forms are known as problem-identification research.

Research in advertising is done to determine the copy testing of advertisements. It is also used to know the efficiency of ads placed in any medium, the customer attention it gets, the message it delivers and how it motivates the customers to buy the product. Commercial eye tracking is done to understand the visual behavior of the customer. Ads, websites, etc., are analyzed for this. Before an advertisement is released in the market, its performance can be forecasted with the help of copy testing which takes consumer’s level of attention, motivation, brand liking, and entertainment into consideration.

When a customer buys something online he analyses it in order to make the decision, this one of the criteria on which consumer decision research is done. Interviews and surveys can be done to understand consumer’s level of satisfaction, which is known as customer satisfaction studies. The demographic and psychology of the people of a particular geographical region can be studied with the help of segmentation research.

When analyzing is to be done about brand recognition, brand performance, brand preference and awareness, ad tracking is done. A favorite brand can be recognized with the help of brand equity research. Tests are conducted so as to determine what customer thinks about a brand or a product and it is specifically known as brand name testing. The demand of a product can be understood by demand estimation. After the demand of the product is taken care of, the quality should be checked from time to time. Appointing mystery shoppers who is usually an employee of the market research firm does this. He buys goods through a salesperson and notes down the whole experience. This procedure can be used to do research about rival companies’ products.

Before practical application of a concept, concept testing should be done which tells whether the targeted audience will like the idea or not. Test marketing is done by introducing a product in small numbers in the market and observing the sales, after which the product is launched on a large-scale. After the initial phase, when the company thinks of increasing the price of the product, price elasticity testing should be carried out which shows customer reaction to price fluctuations. Distribution channel audits are conducted to understand the attitudes of retailers and distributors towards specific products and brands.

The more tech savvy form of marketing research is Internet strategic intelligence. The likes and dislikes of the customers can be directly known with the help of chats, blogs and forums. Online panels are a group of experts who accept the marketing research done online.

All the researches that are carried out can be classified as primary research, which gathers original research, and secondary research, which is based on a primary research and information published by other resources. Secondary research costs less as research is done on already researched data, but the result isn’t efficient.

The research designs used by marketing research are either based on questioning or are based on observations. Quantitative marketing research and qualitative marketing research are based on questioning. Quantitative marketing research is done to derive conclusions like questionnaires forms and survey. The number of respondents involved is high. Qualitative marketing research is done to understand something like in-depth interviews and projective techniques.

Marketing research based on observations is called experimental technique and ethnographic studies. Test markets and purchase laboratories are examples of experimental techniques. The quantity measured is determined by understanding the factors that are responsible for the success of a product and then one or some of the factors are changed and the result is observed. In ethnographic studies observations are done longitudinally or done at several instances of time or cross-sectional, or done at only a particular time.

Research on marketing is similar to exit polling in politics. The market is studied from different angles, at different time, and under different circumstances.

Best Internet Marketing Strategies

Plan, Action, Response — Basic yet the Best Internet Marketing Strategies

Which is better, a traditional pet shop or an online pet shop? By comparing these two specific examples, you will be able to figure out why Internet marketing is very popular among entrepreneurs and aspiring Internet marketers. Take a look and see the big difference.

When you choose a traditional pet shop as your business investment, there are certain things that you need to consider. You need to get business permits from the city or state government through its business licensing division. Since you are operating a pet shop, you need to secure necessary clearances from state health department that all of your pet products came from a reputable source. You also need to have a physical structure that will serve as your shop. You will either rent or construct the premises. For your shop to be popular to the people, you need to advertise it through local newspapers or place some large advertising signs in front of your pet shop. All of these things require hundreds to thousands of dollars before you can operate your traditional pet shop.

Establishing an online pet shop requires you to have a website registered in your own domain name, which will cost you less compared to constructing or renting commercial spaces. Your website will now serve as the pet shop itself—you will provide catalogs containing brief descriptions of your pet products along with its corresponding price tags. Your customers can use the online shopping cart to place the pet items they want to purchase. All payments can be made through credit cards, thus no bulky dollar bills to be handled. You can advertise your site through several ways—you can either submit your site for online ad serving programs or you may promote it through writing and submitting articles to article directories. Moreover, you have also the opportunity of earning additional revenues aside from your pet shop through entering your site on affiliate marketing programs.

By just merely looking on these two examples, you will say that Internet marketing has the edge over traditional running of a business. You will not only save time and effort in marketing your products over the Internet, but you can also earn additional incomes through existing Internet-based marketing programs.

Internet marketing is a pure home-based business that does not require an office and several employees. You do not have to commute for several hours and face hordes of traffic and busy people. All you need to have is some spare room that will serve as your “office” and a personal computer connected to the Internet. You will be able to earn thousands to potential millions of dollars by just working in front of your personal computer.

However, before you will be able to earn millions and build an Internet marketing empire, you must also have the best Internet marketing strategies that will help you achieve your financial objectives. Without these strategies, the chance of earning more will certainly slip out of your hands little by little.

There are many “best Internet marketing strategies” that you can use, yet they are summarized in three simple yet effective strategies.

1. You need to plan for your Internet marketing activities. There are certain questions to help you arrive on a concrete and effective Internet marketing plan. What do you want to do? What are you offering for sale? How you will market your products or services? Once you have figured out the answers to these questions, you will be able to create a plan for your Internet-based business.

2. You need to take action. Do not just let the plans that you formulated remain as plans forever. You need to convert the words of your plan into actions so that you will see if the plans are working or not.

3. Lastly, do not be deaf to the feedbacks and concerns expressed by your clients. Learn to respond immediately to their feedback so that you will determine if you are getting negative or positive results. In case that you are getting negative results, there is a need to change your approach.

The secrets of success on Internet marketing lie beneath the best strategies that you employ. All other effective strategies will come in line as long as you stick to the basic yet the best strategies in your Internet marketing venture.

Category: IM Strategies

Affiliate Marketing

Affiliate Marketing is a derivative of Internet marketing where the advertisement publisher gets paid for every customer or sales provided by him. Affiliate marketing is the basic for all other Internet marketing strategies.

In this type of marketing, affiliate management companies, in-house affiliate managers and third party vendors are effectively utilized to use E-mail Marketing, Search Engine Marketing, RRS Capturing and Display Advertising for the success of the product. The web traffic can be traced with the help of a third party or own affiliate programs. A lot of work is involved in this process. At first marketing by this method involved lots of spamming, false advertising, trademark infringement, etc. But, after the invention of complex algorithms and advance security this has been regularized to make it safer for doing business and shopping online. This even led to the better scrutinizing of the terms and conditions by the merchants. Affiliate marketing became more profiting with the opening of more opportunities but at the same time it also increased the competition in marketing.

Due to this pressure in house affiliate programs for merchants became a thing of the past and were replaced by out-sourced programs. The companies that offered this service have expert affiliate and network program managers who have various affiliate program management techniques. These affiliate networks have publishers associated with them who help them with the advertising part.

Affiliate marketing was started by cdnow.com who had music oriented websites. They placed list of music albums on their site and they paid others if they put those links in their websites when a visitor bought their album through their site. The first company to link with cdnow.com was Geffen Records. Two months later, Amazon was offered by a woman that she would sell Amazon’s books on her website and she should be paid a certain percentage in return if she sold Amazon’s books through her site. They liked the idea and started the Amazon associates program. It was more of a commission program where they received a commission if a visitor clicked their links and banners on other’s site and bought anything through it.

Since its invention, the affiliate network has been adopted by various businesses like travel, education, telecom, mobile, gaming, personal finance, retail, and subscription sites, the most common being adult and gambling sectors. In UK alone, affiliate marketing produced £ 2.16 billion.

The compensation methods used are Cost per sale (CPS), Cost per action (CPA), Cost per mile (CPM) and Cost per click (CPC). The first two are the more famous methods today. This is because in CPM and CPC, the visitor which turns up on a particular website might not be the targeted audience and a click would be enough to generate commission. CPS and CPA have a compulsion that the visitor not only clicks on the link but also buys something or signs up for some service after it which proves that he is among the targeted audience. Only in the above case the affiliate gets paid. So the affiliate should try to send as much targeted traffic as possible to the advertiser in order to increase his/her returns and for this reason affiliate marketing is also known as performance marketing because it totally depends on the performance of the affiliate. The affiliate team can be differentiated from a sales team from the nature of their jobs. The job of the affiliate team is to drag targeted traffic to a point and from that
point it’s the job of the sales team to influence the visitor to buy the product or the service.

This is a very effective kind of method because the money is being paid only when results have been achieved. The publisher incurs all the cost except that of initial setup and development of the program, which is incurred by the merchant. Many businesses give credit to this method of marketing for their success.

Category: IM Strategies