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Marketing An Online Business: Your Time or
Your Money?
(c) Copyright 2003, Angela Wu
We've heard it time and time again: starting a business on the
internet can be very affordable when compared to the traditional
'brick-and-mortar' business.
Unfortunately, this can be taken too far: people sometimes believe that they can
do everything for free... or they try to cut corners just to save a few bucks
and end up paying for it later, in time, aggravation, missed opportunity, and so
forth.
Businesses obviously have to watch their spending. But how far do you take it --
how much should you attempt to do for "free"? Generally speaking, nothing is
truly free ... if you don't pay for it in dollars, it will cost you in time.
Here are a few time-saving strategies for the long-run. It doesn't mean you
won't have to put in some time initially, but making a few wise investments can
free up more of your time later on for more productive purposes.
* Set up a pay-per-click campaign. The initial research and set-up of a PPC
campaign can seem daunting, but once done, the workload eases tremendously. Your
PPC campaign can provide you with a steady stream of targeted traffic -- for a
price, of course.
* Hire one of the numerous firms or individuals that specialize in search engine
optimization to work on
your website. Many fledgling businesses find these services rather costly.
However, a good search engine rank not only gives you traffic, but it also makes
it easy for other businesses to find you -- they may be interested in
cross-promotion, even if it's as simple as a link exchange.
* Hire a proven copywriter. You can write your own sales copy, revise it as
required, and test it to see how well it performs... or you can hire someone
with experience. Definitely not cheap, but a good sales
letter can earn you back far more than you paid. Ask to see samples of his or
her work before making a
decision.
* Purchase or rent a targeted email list. We're not talking about those cheap
lists that are primarily
marketed through sp^m, but real, reputable, and responsive lists such as those
that can be found at
Postmaster Direct,
http://www.postmasterdirect.com/.
* Use an autoresponder. Autoresponders are versatile and can be
used for many purposes, including emailing reports, software, lists of
frequently ask questions, download links, and customer follow-ups. ListMailPro
is an excellent option:
http://onlinebusinessbasics.com/listhost.html
* Purchase quality materials to help minimize learning time. Lots of people balk
at buying materials because a great deal of the information may be available
elsewhere for free. That's fine, if you have the time and the willingness to
sift through this information. However, investing in good materials can help
your business start earning profits (or extra profits) more quickly while also
helping you to avoid common
pitfalls (which may also prove to be costly).
The following are options who prefer to save money up-front. As your business
grows, you will have to consider investing in tools or services to help you
better manage your time instead.
* Get your online education for free. There are numerous places to get excellent
information on marketing - for instance, forums, newsletters, and article feeds
are just a few places where you can find information. It takes time to sort
through everything in search of great information... but it -is- available.
* Add content to your site: fresh, original, quality content that gives people a
reason to come back and
a reason to recommend your site to friends. And while you're at it, consider
allowing other sites or publications to reprint your content in exchange for a
resource box and link back to your site. This can
help you build credibility, traffic, and even sales.
* Learn how to do your own search engine optimization. There is a wealth of
information on the topic,
including
http://www.searchenginewatch.com/.
* Set up a linking strategy. The more relevant, inbound links you have, the
easier it will be for visitors to
find you. For instance, you can trade links, encourage links to your site,
submit your site for review, and more. Search engines also love popular sites.
* Build your own list. Publish a quality newsletter, offer product updates, send
out a quote each day... there are many options for creating a list. Use your
list to build trust and credibility as well as to
boost sales of your product or service.
* Set up joint ventures. Find complementary businesses and determine how you may
be able to work together for mutual benefit. Send a personalized message to the
appropriate person with the primary benefits and details of your proposal.
Although it can take a fair bit of time to locate appropriate JV partners, joint
ventures have the potential to produce a pretty profit with little or no
out-of-pocket expenses.
Fledgling businesses usually lean towards strategies to help them save money.
Then, as sales start to come in, they progress to strategies that can help them
save time and make tasks easier. A balanced approach works well -- one that
allows you to spend your time most productively on the tasks that will yield the
best results.
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ABOUT THE AUTHOR: Angela is the editor of Online Business
Basics, a practical guide to marketing a business on a beginner's budget. This
guide offers loads of instantly useable tips and links, in a down-to-earth style
that even marketing "newbies" can understand! A helpful Online Business
Dictionary is included too... visit:
http://onlinebusinessbasics.com/article.html
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