Internet Marketing Key: Get This Wrong And It Wont Work
Monday, November 10th, 2008|
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What is the #1 factor that determines how much money you will make online?
(A) How much traffic your website gets
(B) How eye-popping your website looks
(C) The product you are promoting
(D) The niche market you’re in.
Congratulations if you said “product”. You’re spot on.
Agreed, you need an appropriate website and you need targeted traffic, but it is the product that is the #1 decider of how well you’ll do online.
Let me explain.
You could be promoting a product with a low PROFIT MARGIN per sale but even if you sold a whole pile of them, you’d still wouldn’t make very much money. And that’s not what you want.
Or you could be promoting a product with a low VOLUME of sales. With this, you’d still be floundering unless you had a stupendous profit margin on every sale. So this option is not what you want either.
But what if you were promoting a product with a high sales volume AND a high profit-per-sale? You’d be grinning from ear to ear.
And that is why finding the right product is the #1 factor in determining how much internet income you’ll generate.
So… the “secret” of making a good amount of internet marketing income is this…
Find a hot profitable market where the products you promote sell well and pay well. That could be in a large market or a smaller submarket (often called a niche, thus “niche marketing”) because there is profit in BOTH big markets and tiny niches.
Talking about niches, you could even be the dominant player in a niche that hardly any other marketer has identified, but again if there is no product that you can profitably promote, what’s the point? (That’s why answer (D) above wasn’t the right one.)
So the great big question now becomes…
How do you go about finding these hot profitable products? What’s the best method to ferret them out?
And that is precisely what http://FindHotMarkets.com is about — how to find profitable products, hot niches and best selling products.