Great Tips For Newbies

[Matthew Connors]

I have deliberately kept this short to save confusion.

Step 1- Find A Niche - Everything Is Dependent On Your Niche
http://www.squidoo.com/nicheproductideas


Step 2 - Find Products To Satisfy That Niche preferable digital products or dropship products

Clickbank, clixgalore, paydotcom, shareasale are good places to start

Step 3 - Stand in front of the customers in your niche and show them your products

Write articles, press releases, ping, social bookmark, blog, use PPC, etc etc

http://www.autoincometoday.com/gettargetedtraffic.html
This FREE article explains several FREE ways to get targeted traffic

http://www.autoincometoday.com/article2.html
This article explains How To Get Much Higher CTR.

Step4- Drive 500 clicks via PPC to your site o test landing ages, add scripts, product effectiveness.

Step 5 - Scale your winners and cut your losers anything with less then 1% conversion is a loser
Anything with greater then 3% is a winner - scale it big time.

step 6 - Use Tracking ID's on all your links so you can scale your most effective sales techniques

Feel free to ask further questions in here or PM me if you are shy about your question.

[Caesar_X]

Nice post, Matthew.

Can you talk a bit more about Tracking ID's, please?

[jetpacklife]

There's a few ways to set tracking id's.. which is just a cookie to track the source of a sale.

I've used a custom javascript to set the cookie based off an ID passed in the URL. Then on the buy page, I'd be sure to pass that to the script.

Google Analytics can track these things automatically, when you set up goals (sales or referals) .. The real power of google is that they can automatically optimize your ppc campaigns bases off of goal conversion.

[Matthew Connors]

simply add this tag to the end of your URL's /?tid=ZZZZZ Change the ZZZZZ to a tracking code of your choice... Note you need to keep a list of what each tracking code stands for because with in a few months you will have literally hundreds if not thousands of them...

Every reasonable performing keyword of mine in every campaign has a tracking id attached..

That way when i look up clickbank, paypal or my Webstats i can see exactly which marketing and keywords are driving my sales and traffic.

I use codes like SQDNPI which stands for http://www.squidoo.com/nicheproductideas

If i really wanted to get serious if that page had multiple hoplinks to the one location i could ad a 1,2,3 eg SQDNPI1 for the first link on the page
eg SQDNPI2 for the second link on the page
eg SQDNPI3 for the third link on the page

That way no only would i know where the sales coming from, but i could identify whether my customers preferred short, medium or long sales scripts and see which parts of my page prompt action.

Here is Clickbanks explanation

Tracking Codes
Summary
As an affiliate, the tracking code enhancement provides the power to track and manage your campaigns by tying a specific sale back to the promotion that initiated it. The tracking code is implemented throughout the ClickBank system as "tid". The format of the hoplink URL with a tracking code is located below.
http://AFFILIATE.PUBLISHER.hop.clickbank.net/?tid=ZZZZZ
In order for the feature to work properly, you must adhere to these standards during its implementation. The tracking code value, which is "zzzzz" in the example above, can be 8 characters long, containing alpha and numeric characters only. Any value longer than 8 characters will be truncated. Any value containing characters other than alpha or numeric values will have the entire tracking code value removed from the hoplink and order process and, will not show in the transaction report. Tracking code values received lower case characters will be set to all uppercase. The tracking code parameter, which is "tid" in the example above, must be lower case.


Definitely start using the or even when you get success you will have no idea why or how so you cannot scale it.

Hope this helps.. All the best.

[lookgreatmakemoney]

When choosing products from the clickbank marketplace, should you choose the most popular? or are they saturated ones? and what does " grav" mean? Is the higher the " grav " mean, it sells more? Thanks in advance.

[jdlk]

How long do you wait until you've decided that enough is enough with a particular niche?

[kamakiri]

How long do you wait until you've decided that enough is enough with a particular niche?

If you have a muse running and are wondering that, then it is probably too late. The biggest mistake that most people make is not dumping a muse too soon, it is holding on to something too long. Of course there is something to be said for persistence (Col Sanders), but the reality is that in order to succeed, you need to increase your rate of failure.

[tomswiftjr]

Actually, I think it really depends on what you've done to this point with that muse. If you think you're going to throw it up and get rich, then you're probably in for disappointment, unless you get lucky or you have plenty of money to burn through until you find the right niche.

Don't take my word for it...here's a great post on the subject from Diorex, an Internet marketer who has a company in Dallas with more than 120 employees:

http://www.diorex.com/testing-is-for-the-rich/

[jdlk]

Thanks for the link tomswiftjr. I'm only a bit over a week into my site and haven't started an adWords campaign yet (very soon), just curious.

Cheers.

[tomswiftjr]

Good luck...all I can tell you from my own meager experience is that it pays to get data as early as possible on whether there's a demand for your muse. You can get some idea by perusing the Google Keyword tool and other things like that, but there's no substitute for driving traffic to your site and trying to get people to click on order buttons, sign up for your mailing list, etc. It's pretty cheap, too...

[jdlk]

I'm starting to see what you mean already. I've setup a blog with in-post links and a few banner ads, but really it seems to me like blogs don't really drive sales. I can see where a blog is a good way to build trust and community but without having a sales page that closes sales it's not much good.

I think I'll keep the blog going (for personal interest sake), but focus my energy on driving traffic to a proper sales page.

[tomswiftjr]

I've gotten pretty good results from some of my sales pages, but it's all about testing. I'm going to build out a blog on my site to help with SEO, trust, and promote the product I'm selling. I'll still drive all my paid traffic to the sales page though. I'm looking forward to posting some results here in the next few weeks.

[jdlk]

Sounds great tomswiftjr. Look forward to hearing it. I'm going to work on a sales page before I startup the AdWords campaign.

[New Poor]

Hi!

I completed reading Tim’s book just a few days ago and am encouraged. I stumbled in to Matthew Connors' following thread, while exploring Tim’s website: “The 4-Hour Work Week and Timothy Ferriss > Automation: Outsourcing Life, Muse Creation and Testing, Virtual Business Structures... Great Tips For Newbies.”Then I went in to Squidoo and among other things landed up with Maverick Money Makers website.

I have some newbe questions, for Matthew or anyone who could help. Websites, such as, Maverick Money Makers propose affiliate marketing, which I guess can be approached without a product or service of one’s own. Is this moving away from Tim’s recommendation about creating a Muse?

Also, can one make some money using such a system? Also, how does one assess the reliability of services like Maverick Money Makers?

Sincerely,
Irshadul

[weinerschizel]

I have deliberately kept this short to save confusion.

Step 1- Find A Niche - Everything Is Dependent On Your Niche
http://www.squidoo.com/nicheproductideas


Step 2 - Find Products To Satisfy That Niche preferable digital products or dropship products

Clickbank, clixgalore, paydotcom, shareasale are good places to start

Step 3 - Stand in front of the customers in your niche and show them your products

Write articles, press releases, ping, social bookmark, blog, use PPC, etc etc

http://www.autoincometoday.com/gettargetedtraffic.html
This FREE article explains several FREE ways to get targeted traffic

http://www.autoincometoday.com/article2.html
This article explains How To Get Much Higher CTR.

Step4- Drive 500 clicks via PPC to your site o test landing ages, add scripts, product effectiveness.

Step 5 - Scale your winners and cut your losers anything with less then 1% conversion is a loser
Anything with greater then 3% is a winner - scale it big time.

step 6 - Use Tracking ID's on all your links so you can scale your most effective sales techniques

Feel free to ask further questions in here or PM me if you are shy about your question.

Some of these links are no longer good anymore....

[bsiege]

Damn, 3% CTR is good, I guess I will not be using adwords for my invention that retails at $10. I'd be wrecked by advertising charges. Product launch is in 2-3 weeks.

Guess all I got is affiliates, PR, social media, and print.


Ya most of those links don't work.



By the way I am better of thinking of new ideas, like physical inventions. I don't know why. The problem is expensive inventions cost way too much to produce+they are too complicated, and inexpensive inventions retail to low to use key internet advertising options.

I don't like info products, because I feel like they are more worthless info to overload people with. So I don't enjoy making them, and therefore can't create good ideas. Also, I am a horrible writer.

And reselling+niching is mainly the same problem.

As for selling computerized stuff, I am horrible with computers.

You see my problem, any advice on that?