Important Newbie advice
Hi,
Though this is my first post I have been reviewing this forum for the past 3 years while quietly growing my internet business. I am very fortunate earn a full-time income in this way and I have now decided to come out of the shadows because I see newbies and the not so newbies making the same mistakes over and over again.
1) Latching on to the next new gimmick- these days its facebook ads- don't make me laugh - you need deep pockets for that one too- remember sites like this are social sites where people go to meet friends and chillax, not spend money. The conversion rate is VERY low and you can quickly burn through thousands in a single day by click happy people who are curious but have no intention of buying.
2)SEO- even the SEO Gurus spend more on PPC than SEO yet you buy their SEO courses in the hope of free traffic- There is no such thing as a free lunch in IM
3)Buying websites with high traffic- think about it, if a website had high 'free traffic' month in and month out, and that traffic was targeted traffic- that means that these people would buy and the website owner would have a very large and responsive list. Then why in the world would that owner sell that website for less than $50,000 at a minimum??
What could happen instead is that this high traffic is paid for from some CPA network for 2 to 3 months before the site is put up for sale. For 3 months that site according to analytics gets more than 10,000 unique visitors... you Mr/Ms Newbie buys this site and labours over it for months but then all that glorious traffic suddenly disappears- your fault
Conclusion- Tecnology moves fast and can dramatically affect the way we transact over the internet, but like in the off-line world. The fundamental rules of succes and growth remains the same , the genius is how you apply those rules, like in any walk of life how you connect the dots is what will make all the difference.
Nothing has fundamentally changed in the IM success formula over the last 5 years ... Remember SIR Newbie before you latch on to the next very expensive craze.
Sean
Though this is my first post I have been reviewing this forum for the past 3 years while quietly growing my internet business. I am very fortunate earn a full-time income in this way and I have now decided to come out of the shadows because I see newbies and the not so newbies making the same mistakes over and over again.
1) Latching on to the next new gimmick- these days its facebook ads- don't make me laugh - you need deep pockets for that one too- remember sites like this are social sites where people go to meet friends and chillax, not spend money. The conversion rate is VERY low and you can quickly burn through thousands in a single day by click happy people who are curious but have no intention of buying.
2)SEO- even the SEO Gurus spend more on PPC than SEO yet you buy their SEO courses in the hope of free traffic- There is no such thing as a free lunch in IM
3)Buying websites with high traffic- think about it, if a website had high 'free traffic' month in and month out, and that traffic was targeted traffic- that means that these people would buy and the website owner would have a very large and responsive list. Then why in the world would that owner sell that website for less than $50,000 at a minimum??
What could happen instead is that this high traffic is paid for from some CPA network for 2 to 3 months before the site is put up for sale. For 3 months that site according to analytics gets more than 10,000 unique visitors... you Mr/Ms Newbie buys this site and labours over it for months but then all that glorious traffic suddenly disappears- your fault
Conclusion- Tecnology moves fast and can dramatically affect the way we transact over the internet, but like in the off-line world. The fundamental rules of succes and growth remains the same , the genius is how you apply those rules, like in any walk of life how you connect the dots is what will make all the difference.
Nothing has fundamentally changed in the IM success formula over the last 5 years ... Remember SIR Newbie before you latch on to the next very expensive craze.
Sean
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