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January 16,2003 |
Subscribers: 103 |
Volume 2 Issue 14 |
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The purpose of the
Canadian$Business Marketing eZine
is to provide entrepreneurs with the necessary
marketing tools, tips and information to be
successful in their business endeavours.
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Professional Marketing Advice, Tutorials and Support
Get your Marketing Questions answered by REAL people!
Learn more... |
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We have HUGE news!
http://www.JangleFishCanada.com/index.asp?id=10094
Janglefish has just launched in Canada on January 2, 2003,
and you can position yourself to become a leader in the
Music Industry. You have to act now.
http://www.JangleFishCanada.com/index.asp?id=10094 |
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A warm welcome to all our new eZine subscribers and
a friendly hello to our regulars!
As promised, here is your free issue filled with
useful information to help you succeed. Let us know
what you think.I hope you enjoy this new
format. Being the creative person that I am, I like the fact that
this online version has unlimited restrictions, as opposed to
plain text format. It is way more visually pleasing to look at and fun to
create.
I've added a new section, to
showcase anything Canadian on the Internet. Several of you have
emailed me asking for more Canadian content in this ezine. So
starting the new year, I will do just that.
If you come across any information that you would like to share
with our subscribers, pertaining to Canadian content related to
the theme of this ezine, please drop me a line here:
editor@canadianbusinessmarketingezine.net
This week's feature article is
from none other than well-known Internet Marketer, Marlon Sanders.
If you don't have a clue on how Pay-per-Click Search Engines work
or how to use them successfully in your advertising campaigns,
then you must read this article. It's a real eye-opener and
provides a valuable lesson.
Lastly, be sure to support your fellow subscribers by
reviewing the offers and opportunities in this
week's issue. They may be offering the services
that you need to succeed in your own business.
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According to 24/7 Media
Canada, marketers in Canada currently spend 63% of their internet
budget building their website, but only 37% on promoting the site.
In the future, marketers plan to spend 53% of their budget
marketing and only 47% on building.
source: 24/7 Media Canada
citing:
eMarketer
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How to Promote Associate Programs With
Pay-Per-Click Search Engines
by Marlon Sanders
For many products, pay-per-click search engines
can be very good. The idea is that you decide
what you're willing to pay per click through to
your web site.
In fact, now that advertising prices are much
cheaper than they used to be you could really
clean up by using the Pay Per Click Search
Engines.
It all comes down to knowing your numbers. What
marketers call your metrix. We'll talk about the
metrix of advertising in a moment.
If you know that you make $1.00 for every visitor
to your web site, you could theoretically bid 0.75
cents per click and make money. Assuming, of
course that the traffic was the same quality as
your existing traffic.
Of course, I've found with advertising that is
rarely the case.
The most well known of the pay-per-click engines
is "Overture" at http://www.overture.com.
With Overture you just pay to be listed when the
search results come up. In other words, you pay
for "placement".
It's relatively easy to get started. All you do
is come up with a list of keywords that you want
to check out, go to overture.com and in the search
box on their main page just type in your first
keyword.
When the results come up you'll want to look at
the top right and click on "View Advertisers' Max
Bids" so you can get a peek at how much everyone
is paying for the keyword you're thinking about
buying.
As an example you can use the keyword:
Marlon Sanders
Type that into the search box and you'll see the
first nine results are from paid advertisers.
** Please don't click the links in the search
results. Copy the URL from the results and paste
that into a new browser if you want to see the
site.
When we click the link to see the max bids
Overture shows us the top 3 people are paying
anywhere from $1.00 per click to $0.21. Of course
these bids change all the time. That's just what
I am seeing today as I write this.
With some other keywords like "hosting", the cost
can be around $7.00 a click! It all depends on
how much the advertisers are willing to pay. I'm
sure they're watching their conversions closely
and probably wouldn't continue to pay that unless
they were profitable though.
If you're interested in promoting your favourite
associate programs in the Pay Per Click Search
Engines it's easy to get started.
Just go to overture.com and access the
advertisers center.
Overture has created some pretty good demos to
show you how their service works so you can watch
those. Or, you can just go to the main page and
type in a search term to see who's bidding on it
and what they are paying "per click".
Anyway, a lot of my friends bid a nickel to a
dime on keywords. In the old days, you could bid
a penny or two but the minimum now is $0.05 "per
click".
(Per click means that anytime someone types in
the same keywords you are bidding on and actually
clicks your link, you pay the amount you've
bid. Unless they click and visit your site you don't
have to pay anything.)
I'm told by those who specialize in this form of
paid advertising that the most important thing is
to be on the first page of search results. What I
learned is that it takes patience and
experimentation to get profitable although you
can get listed in the #1, #2 or #3 spot very
easily if you're willing to pay to be there.
What you do is bid on all the logical words. Then,
you watch your clicks like a hawk and see what
converts and what doesn't.
Next you cut out the bad words. You probably
won't be profitable until you cut out the words
that generate a lot of clicks but no sales. Those
are the dead wood that cost you money but don't
make you money.
To make sure you know which keywords are
converting you'll want to use some sort of ad
tracking service. If you don't you'll never know
which keywords are making you money and which are
draining your balance.
Overture isn't the only "Pay Per Click Search
Engine".
You can hunt down the other pay per click search
engines by typing "pay per click" in google.com
I know I tried advertising on Findwhat, Kanoodle
and some others. I got clicks but my clicks
didn't convert.
I told my friend John Keel about this. He's a
"pay-per- click" guru. John told me I just didn't
know what I was doing! He says you have to refine
the results. The bottom line is, you have to
learn what you're doing and become an expert.
That's what you'll find with many of these
methods. Whatever you do, you need to become an
expert at it. That expertise is your competitive
advantage. I don't know of any way to make money
where you just click a button and forget about it.
I've seen methods like that before. But if
they're that easy, in a heartbeat everyone else
finds out about them, starts clicking the same
button and the market is saturated overnight.
The path to profit is gaining specialized
knowledge and information. What does that mean?
That means becoming an expert. Buying "how to"
products. Learning what you're doing. Becoming
better at it than the next guy.
What Jon taught me is that the words you bid on
have vastly different conversion ratios. What
often happens is that you bid on a word that
gives you high clicks and almost no sales. That
will screw up your numbers really fast.
So you track everything and kick out the words
that don't produce. You have to tweak and prune.
You do that and you'll soon be profitable!
The price of profit is study and experimentation.
Everybody I know who makes money in this business
makes it by working at it.
For example, I ran across this helpful stat:
43% of all clicks go to the number 1
16% to the number 2 spot
9% to third result.
If that is true, then it gives you important
information for your bidding!
You'll find out about all the little tricks. For
example, Overture has a spreadsheet where you can
bid on your words in mass. Submit a whole bunch
of words all at once. That's pretty cool.
You can also use their "Keyword Suggestion Tool".
Just type in your word and Overture will suggest
other words for you that are similar.
Once you know how much you're making from an
associate program on a dollars-per-click basis,
you theoretically should be able to buy lots of
traffic and make money.
The only hang up with that theory is your
conversions. First of all, your sponsor's
conversions will fluctuate within a range due to
random variation. Some days and weeks you will
convert more due to pure random chance and
influences.
What's more, all traffic is not created equal.
You can convert a high percentage of visitors to
sales from one source of traffic and a low
percentage from another source.
Traffic quality is everything.
Every now and then we get an email from an
associate who says he/she sent us lots of "hits"
or "clicks" and didn't make a sale. They want to
know why.
The answer is that "hits" or "click" mean nothing.
Where did the traffic come from? What is the
quality of the traffic? How does the traffic match
or fit the program being promoted?
Those are the questions you have to answer.
In our associate program we see the traffic that
comes through our site. We can see every visitor
and how long they spend on our site.
We will see traffic come through from a source
that is obviously some form of very poor paid
advertising. The visitors will stay on the page
only a few seconds and NEVER click to a page two.
It makes me wonder if the advertising the person
purchased is really a computer program that
generates false click throughs. Why? Because if
real people were involved, by default someone
would click to page two sooner or later.
So the old saying "buyer beware" holds true.
Don't buy a large amount of advertising from any
source until you test a small quantity and make
sure the traffic is good quality.
Why There Is No Such Thing As Cost Per
Impression or Cost Per Click
Let's say you send 1,000 visitors to a sponsor or
affiliate program. You buy those visitors from a
pay-per-click search engine for a .10 each. In
U.S. money, that is $100. Now, let's say you made
two sales.
What you really paid is $50 per sale. You spent
$100 to make 2 sales. So those two sales cost you
$50 each. If you made 10 sales from the same
traffic, your sales would have cost you $10 each.
What I'm saying is, ultimately there is no such
thing as pay-per-click. All you really have is
pay-per-sale. You bought traffic. You made 10
sales.
The 10 sales cost you $10 each. As long as your
affiliate program pays you more than $10 per sale,
then you made money.
Your goal is to double your money at bare minimum.
Triple is better. So here are a few bottom line
figures for you.
Assume a conversion ratio of 1/2 of 1%. That is
low for some sites. High for others. But it's a
good figure to use as an example. That means you
make 5 sales for every 1,000 visitors you send
your affiliate program or sponsor.
If you pay .10 each for those visitors or $100,
and you make 5 sales, each sale costs you $20. So
your affiliate program needs to be paying you a
$40 to $60 commission for those numbers to work
for you.
If they're only paying you $20 a pop, then you
need double the conversion. You better be
converting 1% of your visitors to sales.
Let's say you're on a pay-per-click search engine
and that primo top spot costs you .50 per click.
What are the numbers?
For every 1000 clicks, you're going to pay U.S.
$500. Let's say your program turns 10 of those
clicks into buyers. You have $50 a pop invested in
each sale.
If you want to double your money, you better be
getting $100 per sale. To triple your money, you
need $150 per sale. Either that, or you need a
higher conversion percentage than 1%.
Let's say your program converts 2%. Now what are
the numbers? You have 20 sales. 500 divided by 20
equals 25. Each sale costs you 25 smackers.
To double your money, you need a commission of
50 bucks a pop from your affiliate program
sponsor.
Why cost per impression doesn't exist
Same story. You go to a banner advertising
network and buy 10,000 impressions for the same
$500. You get 1000 clicks when your banner runs.
Your cost per click was .50.
But cost-per-click means nothing. You can't bank
that. You can't buy food with it. You must have
sales. So you get 1,000 clicks and the same 20
sales. You're back to the same numbers as above.
The point is, in actuality, you aren't buying
impressions. And you aren't buying clicks. The
only thing that matters to you as an affiliate is
cost-per-sale.
What if your program isn't giving you conversion
rates that are profitable for you? Or they aren't
paying you as high a commission as you'd like.
What do you do?
You have to try to increase your conversion ratio.
The way you do that is by writing an endorsement
for the product and placing it on your web
site. By adding testimonials or other proof the
product works. By displaying photos of the
product.
You have to work on your end BEFORE the click to
increase the results AFTER the click.
Perhaps you ask people to contact you if they
have questions about the product. Perhaps you use
one of the instant messaging systems to allow
people to contact you live with their questions.
Another thing you can do is juice up the
incentive to subscribe to your mailing list. That
way, you can follow up with your prospective
customer more than one time.
This puts the odds in your favour.
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This article courtesy of Marlon Sanders'
"Associate Program Marketing Handbook"
For 22 other ways to get more traffic and sell more
associate program products grab your copy of the
Associate Program Marketing Handbook today!
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Those were the days
This week's quote is a little different. It's not really a quote
but a letter addressed to folks growing up in the
40's, 50's, 60's and 70's.
The first time I heard it (from my favourite morning radio show.
Q92), it
touched me deeply. I highly recommend you read or listen to it.
It's available in both text format and audio. and well worth the
time.
Do take time today and nourish your inner self.
You are worth it.
WORD file:
http://www.q92fm.com/audio/those-were-the-days.doc
WINamp file:
http://www.q92fm.com/audio/thosewerethedays.wma |
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This sells products like crazy!
If you'd like to obtain a flood of potentially dirt
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And I wanted to pass it on to you.
It's a web site called
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Very simply, it shows you how to cash in with pr.
Other books and things I've seen on the topic were
either too long-winded or too vague
to actually use.
This information is specific, practical and usable.
Check it out:
Click here to find out how YOU can sell
your
products like crazy! |
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An ugly old lady went to an auction
sale. There she was attracted to a parrot in a gilded cage. The
parrot was large, very healthy looking and exquisitely coloured.
The old lady was so attracted by the parrot's appearance that she
couldn't help but bid on it. She bid, determined to have the
parrot, but another bidder competed and drove the price very high.
The old lady eventually bought the parrot.
She was at the cashier's desk and told the cashier that she was so
excited about the beautiful appearance of the parrot that she had
neglected to ask if it could talk.
The parrot spoke up, "Who do you
think was bidding against you?"
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New! Easy Way to
Make Auto-Pilot Cash Income
I recently purchased
a
CBmall and wanted to tell you about this new opportunity and how
you can profit from it.
The
CBmall is an
ecommerce site filled with the most popular, best selling products
out of the over 40,000 products available through ClickBank. Jeff
Mulligan, the owner of this site, mentions it lists approximately
2000 best-selling products.
I am sure I am not
the only one who started off spending hours and hours trying to
promote the various affiliate programs on the Net, hoping to make
extra money. At one point, I was so overwhelmed of the sheer
numbers and trying to keep track of all of them. So much
time-consuming and not much return.
I checked out
CBmall and was truly impressed with its
possibilities.
There
are two unique aspects to the
CBmall that make it a compelling
investment:
1. As an owner, you
get a commission on every product within the mall.
2. The mall is
professionally maintained so you don't have to do ANY work other
than drive some traffic to it. No HTML, maintenance, coding,
answering emails, processing, etc.
This makes
CBmall
ideal as another income stream that requires minimal effort, other
than some traffic generation.
Check it out for yourself here!
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Your opinions and comments about this ezine are
always welcome. Did you learn something new in this
issue? Is there a topic you would like to see
covered? Do you see any improvements to be made?
Sections dropped, others added? We want to know!!
Send them here:
editor@canadianbusinessmarketingezine.net |
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http://www.canadianbusinessmarketingezine.net/advertising.html
Disclaimer: The Canadian$Business Marketing eZine
does not endorse and is not responsible for
advertisements submitted by subscribers.
We recommend placing only ads for programs
or products that you personally know and trust.
To submit your articles:
articles@canadianbusinessmarketingezine.net
To browse our ezine archives:
http://www.canadianbusinessmarketingezine.net/archives.html
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Thank you for reading this issue of the
Canadian$Business Marketing eZine.
If you found it useful, why not send it to
three of your closest friends? Don't have friends?
How about your clients or business associates?
Recommend it by clicking here:
http://www.recommend-it.com/l.z.e?s=877012
If you have any questions or comments, please
feel free
to contact me.
Until next time, have a successful week!
Warmest regards,
Marisa Ramondo - Editor & Publisher
editor@canadianbusinessmarketingezine.net
http://www.canadianbusinessmarketingezine.net |