Business Alone

If so, you need to do everything possible to increase the amount of traffic, the click-through response rate to your affiliate page links, and the relevance of your content to the product(s) you're promoting.

Typically, affiliates slap up a web page, add a few links, some cut-and-paste content, and forget about the site for a few weeks or months waiting for it to get spidered and included in the search engines.

There is a better way to accomplish affiliate sales. If you pay close attention to the details of your site, like you would if you were selling your own direct marketing product, your affiliate sales can soar.

Over the short history of the Internet, there have been many creative and unusual strategies attempted by entrepreneurs to generate income, both as a means to make a living and also to simply add additional streams of income to the owner's business.

The popularity of the blogging craze has given some blog authors an additional stage or venue for their money-making tactics. It was only a matter of time before smart folks realized that anywhere there's traffic on the Internet, there's the opportunity for monetization of those visits.

If you own and operate a blog, you have a number of avenues open to you to pull some income from your effort. As is usually the case, the greater your exposure and traffic, the larger the opportunity will be to make substantial money from the blog.

The premier search engine Google has come up with several programs that may be of interest to the solo small business owner. But there seems to be some matter of conflicting opinion about whether a web site owner should do anything to send his traffic away to someone else.

Here's the deal: Google allows web site owners to advertise products and services on their web site in exchange for a small referral fee each time a viewer clicks on one of the Google ads.

This is not an affiliate program since Google pays for each click rather than for a product that is actually purchased. In a sense, the web site owner is sharing in a PPC (pay per click) program. Google serves the ads and keeps track of the clicks. The web site owner puts Google's html code on his pages and provides relevant content for Google to match to its advertisers.

If you are a solo business operator and choose to increase the revenue generated at your web site, you have the option of employing Google Adsense advertising. I believe Yahoo and MSN also (or will soon) offer similar programs that allow the web owner to monetize his content.

There are several factors that determine how much revenue a web owner can generate for each of the particular content pages on his site that serve Adsense advertising.

First, the traffic to a site is important as most Internet advertising is, in part at lease, a numbers game. Your viewers will only click on an Adsense ad a certain proportion of the time.

Let's use the example of 1 click every 200 visitors. Given that type of click-through rate, a site with 200 visitors/page/day will generate 1/10 the income that a site with 2,000 visitors/page/day will get, all other things being equal.

Anyone that has searched online for information type products, and even physical products in some cases, has been offered one or more "bonuses" along with the purchase of the main product.

The question you may be asking is this, "Does a bonus offer increase the sale of a particular product?"

You may think that bonuses should naturally increase sales; but that is not always the case.

In this day of increasingly complex e-commerce systems, it seems that there are many strategies that product sellers have at their disposal to increase product sales. The strategy of offering a bonus product is so common now that it may seem like a necessity to follow suit if you want to make sales.

Before we get to today's post, I want to wish each of our readers a very Merry Christmas and a Happy New Year! Take some time off today and enjoy the holiday with your family - I'm going to do just that since I wrote this post yesterday!

When the Internet was new and online business owners were jumping on the ship right and left, there was often the feeling that all a business owner needed to do to have a business was put up a web site, add a product or two, and the sales would begin to flow.

Yes, I'll remind you once again of that worn out phrase that everyone else quotes to describe this erroneous thinking: "if you build it, they will come."

Online business owners now understand that phrase is a lie.

I did a little experiment myself that proved the point to me in very real terms. Two years ago I set up a little web site with it's own domain name, some content, keywords, etc.

I asked visitors to register at the web site (for free) to get my newsletter with lots of great benefits. I even offered a bonus worth a legitimate $300 merely for signing up and there were no other strings attached.

The solo business owner has many tools and resources at his disposal that can leverage his time and automate his business so that he can accomplish much more by himself than would ever have been possible prior to the Internet.

Most business owners that utilize email will tell you that its low cost and "free" fast delivery are the main advantages of using it. But in my mind, at least, there are some other very important reasons why email is the communication medium of choice for the solo business owner.

If you are not using of these email advantages, why not give them a try? They may even be more important resources for your business than the low cost of contacting your customers and prospects.

If, indeed, the Internet is a great information highway with traffic, data, digital goods and services, and communications whizzing back and forth at the speed of light, it would be worth the effort for every business owner to create as many links to that highway as possible.

Think of these links as little roads that feed a tiny portion of this traffic back and forth between your small business and the super highway.

Every business connects itself (or should) to the highway traffic. Some do a great job of it and others don't. Each owner determines for his business, both the number roads leading in and out and the ease with which those roads are found by passers-by that have an interest in this side trip.

Affiliate programs have proven to be an important additional stream of income for many small Internet business owners.

It is not a "cure all" for lack of sales at your own web site as some self-proclaimed gurus have stated.

You must first determine if adding affiliate sales to your overall marketing strategy is a positive step or one that will detract from your web site's mission.

There are some types of business, and certain niches, where selling other's goods will not help your own cause.

This may seem obvious, but I see this mistake being made all over the Internet - don't sell competing products or unrelated (to your niche) products in your affiliate program.

The other day I spent some time at Borders, the giant bookseller franchise that I often frequent when I'm searching for some Internet selling tips and advice that I can't find in the books on my own bookshelf.

Borders is a cool place, much like a mini library where the atmosphere is pretty laid back and browsers are free to pull a book from the shelf and sit down to read a chapter or two.

I must admit that Borders' intentions are obviously to sell books rather than play the role of a library for the cheapskates (like myself) who usually purchase books online at Amazon. But still, they don't seem to mind too much if I'm there and generally walk out empty-handed.

Anyway, I was in Borders checking out the latest books on marketing and advertising on the Internet. I was a little surprised at what I found.

I know of no other activity required of business operators that can be so frustrating, expensive, and fickle as the advertising game.

Sure, it would be nice to have the viral engine stoked up enough that you never had to do another ad spend. But for most small businesses, advertising, in one form or another, is the "necessary evil."

I don't know too many business operators that get the kind of traffic to their web site they want without playing the ad game.

It is a game, you know. You prepare and publish your ad and wait to see the outcome. Sometimes you win; often you lose.

One thing is for sure: advertising can be a huge black hole for a small business if you're not disciplined and selective. You can dump all the cash down the hole that you like - yet there is no guarantee that one product will be sold as a result.

As we all know, the Internet has spawned a huge new industry of journalists known as "bloggers" who daily write and publish opinions and news in every imaginable niche.

Web logs, or simply "blogs," give the author a public soapbox or microphone from which he/she can express, educate, instruct, inform, sell, comment, advertise, or do just about anything else that can be done on a regular web site.

Some authors of blogs have gathered quite an audience and engaged large crowds of daily viewers. Anytime a captive audience is involved, shrewd business minds come up with ways to monetize the experience.

Entrepreneurs are always thinking and scheming about ways to make a buck. That's what they do, isn't it?

Here's my favorite definition of an entrepreneur: he's a guy that has a one-in-a-million idea, a business plan that shows profitability in year 3, and no money!

Now we are seeing the rise of "blogpreneurs," the authors that are attempting to monetize their daily blogs.

Some are succeeding, to at least a certain degree, and others are finding the road a bit bumpy.

You may or may not know about "pay per click" advertising.

In the world of Internet marketing, it has become one of the mainstays of the Internet marketer's arsenal of advertising alternatives.

The basic idea and concept is simple: As an advertiser, you pay for the number of "clicks" you receive to your website, advertisement, banner, marketing article, etc. The search engines send you traffic (someone who "clicks" their mouse on your ad as they search the Internet) according to the pre-established cost that you will be charged for every visitor or impression your advertising accumulates.

When you think about this concept, it really makes great sense. You pay the search engines to send you a customer looking for what you are offering.

There are, however, some increasingly difficult challenges that make this kind of advertising a very tricky proposition.

You may have know someone, or read about a particular circumstance, where the advertiser wasn't careful and "lost his shirt" on his PPC advertising campaign.

Buyer beware! Many a novice business owner has charged into the pay per click advertising world (PPC, for short) with high expectations of mega targeted traffic at small cost and come away with an empty wallet, few or no sales, and a vow never to waste money again in that arena!

One of the keys to solving the PPC dilemma remains hidden from many folks view. Usually the campaign owner focuses on keyword strategies and maximizing ad placement.

Internet marketing for the solo business owner is an interesting study of very unique principles that you won't find in other fields.

On unique topic is that of "keywords."

If you want to be successful, you need to master this arena because on the Internet today, it is absolutely imperative that you focus and target your marketing effort.

If you don't pay attention to this aspect of your business, you'll lose your shirt in advertising costs and you won't attract the audience that will be hungry for your offers.

The phrase "drilling down" refers to the approach in your marketing that suggests you dig deeper and deeper into your niche in order to come up with extremely targeted and focused products, customers, advertising, partners, and keywords that will be used to position your business in a tightly focused manner.

There is so much information online these days ... if you don't tightly target what you're doing ... you will appeal to no one.

Online business is a game of sorts. You are competing against others in your niche for customers and their dollars.

There are only so many "winners" in the game within a niche. When enough competing businesses divide up the available customer dollars, at times, the niche can become saturated with a excess number of players.

When the "pie" (customer purchases in a given niche and time period) or prize is divided up, too many sellers can mean a small share for each winner - sometimes not enough revenue to justify the work that is going into the business.

Of the many challenges that an online solo business owner faces in growing and maintaining a business, few are as exasperating as finding that previous work you have done has been wiped out (for some reason) through no fault of the owner.

Online business owners are in the game of creating enticing offers for their products and services (or affiliate products), driving web traffic to those offers, and hopefully converting the prospects who come to the offers into paying customers.