Make Money Online – Five Steps to Turning Money Goals Into Traffic Targets

Written by on February 24, 2011 · Leave a Comment

dollar sign 300x261 Make Money Online – Five Steps to Turning Money Goals Into Traffic TargetsIf you want to make money online, you have to move beyond general goals and statements like “I want to make money online” and get a lot more specific about several key things:

  • The amount of money you want to make online
  • The timeframe you want to achieve your goal within
  • The number of visitors you’re going to need to drive to your website to hit your money goal

And while there may be a number of people who do actually go beyond the general “I want to make money online” refrain by getting more specific about their money goals and timeframes (“I want to make $10,000 a month online within the next month”), very, very few ever actually set themselves up for success by figuring out how much fuel they’re going to need to fulfill their goal of making money online.

Scroll down to the bottom of the page to go directly to the “Make Money Online” calculator

The fuel that powers online money making is, of course, traffic.

So if you’re really going to have any hope of achieving your specific goal to make money online, then you’re going to want to pay close attention to the steps that follow, because they will walk you through a process for taking your money goal and turning it into a precise traffic target.

1. Set Your Money Goal

money target 171x300 Make Money Online – Five Steps to Turning Money Goals Into Traffic TargetsThe first step in your journey to make money online is to set a specific money goal for your online money-making efforts, ideally a money-making goal that meets both of the following criteria:

  • It is enough of a stretch goal that it gets you excited and willing to commit the time and effort to achieve
  • It is reasonable to expect to achieve it within the timeframe you’re going to set for  yourself

Scroll down to the bottom of the page to go directly to the “Make Money Online” calculator

To keep things simple, for this example we’ll use a one-time money goal of $1,000.

2. Break Down Your Money Goal Into Sales

The next step in your journey to make money online is to break your money goal down into a specific number of sales, based on the average commission you can earn from the product/s you will be promoting.

To do this, simply add together all of the commissions you generate, on average, every month and divide the total by the total number of sales you make, on average, every month – e.g.,

$1,000 average monthly commissions / 20 average monthly sales = $50

Your average commission per sale is $50.

Scroll down to the bottom of the page to go directly to the “Make Money Online” calculator

If you have no sales history, then you’ll need to add up the commissions you would make from selling one of each product, then divide that total by the total number of products – e.g.,

  • Product A nets you a commission of $90
  • Product B nets you a commission of $50
  • Product C nets you a commission of $40
  • Product D nets you a commission of $20
  • A + B + C + D = $200

$200 / 4 = $50

Your average commission per sale would be $50.

Now simply divide your money goal by the average commission you make to determine the number of sales you’ll need to make in order to reach your money goal – e.g.,

$1,000 / $50 = 20

At an average commission of $50 per sale, you’ll need to make 20 sales to earn $1,000.

Scroll down to the bottom of the page to go directly to the “Make Money Online” calculator

You should also factor in a return allowance that takes into consideration the fact that a certain percentage of buyers will ask for their money back.

Since Clickbank is likely to be one of the sources you’ll use to find products to promote, we’ll use their standard return allowance of 10%.

You’ll have to boost the target number of sales you’ll need to make to reach your money goal by 10% so that it reflects the return allowance – e.g.,

20 sales * 10% = 2 returns

Your adjusted sales target is now 22 sales.

3. Determine Your Conversion Rate

percentage Make Money Online – Five Steps to Turning Money Goals Into Traffic TargetsThe next step in your journey to make money online is to take into consideration your conversion rate, which is the percentage or ratio of the number of monthly visitors to your website who buy something out of the total number of monthly visitors to your website, expressed either as a percentage of a ratio (we’ll use a percentage for our example).

Scroll down to the bottom of the page to go directly to the “Make Money Online” calculator

To calculate the conversion rate, you simply divide the number of purchases by the number of visitors – e.g.,

10 purchases / 1,000 visitors = 1%

This means that, on average, one out of every 100 visitors to your website makes a purchase (note: if your website is highly transactional, you’ll probably want to use “unique” visits rather than total visits, which is better suited to a content site, for these purposes).

If you haven’t made any sales yet, then your conversion rate is, obviously, zero. You are going to have to go to work on this (by making any one of a number of other improvements that are beyond the scope of this article) and use a best-guess for what your conversion rate will be after you’ve turned your website into a “conversion machine.”

4. Determine The Number Of Visitors You’ll Need To Get

The next-to-last step in your journey to make money online is to determine the total number of visitors you’ll need to achieve your money target, simply divide the total number of sales you need to make by your conversion rate  – e.g.,

22 sales / 1% conversion rate = 2,200 visitors

You’ll need 2,200 visitors to achieve your money target.

5. Set Your Timeframe

calendar 259x300 Make Money Online – Five Steps to Turning Money Goals Into Traffic TargetsThe final step in your journey to make money online is to work out a timeframe within which you’ll work to achieve your money target.

You can do this simply by dividing the total number of visitors you need to achieve your money target by the timeframe – e.g.,

  • One Day (or daily) – 2,200 / 1 = 2,200 visitors per day
  • One week (or weekly) – 2,200 / 7 = 314 visitor per day
  • One month (or monthly) – 2,200 / 30 = 73 visitors per day

Now that you’ve reached the end of this exercise, you should be crystal-clear on what you’re going to have to achieve in terms of traffic generation to make money online.

Make Money Online Calculator

The calculator below should be fairly self-explanatory, if you’ve gone through the instructions in this article. You’ll only need to input data into the grey-shaded cells. The rest of the cells are locked.

You can click anywhere outside of the editable cells to update the calculator or you can click on the “calculate” button below it. To reset the calculate, click on the “reset” button.

[iframe: src="http://onlinemarketingbusinessbuilder.com/makemoneyonline/iframe.htm" frameborder="0" width="574" height="335" scrolling="no"]

If you would like any further information, please make sure you take your time and look around the site. And if you have any questions about how to make money online that aren’t answered here, please don’t hesitate to contact me.

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Make Money With Twitter – 5 Steps Anyone Can Take to Use Twitter to Make Money

Written by on February 21, 2011 · Leave a Comment

If you want to make money with Twitter, you know that you’re far from alone. In fact, a search on Google for the term “make money with Twitter” returns 63 million results (as of this writing).

Of course, that does not mean that there are 63 million ways to make money with Twitter. Nor does it mean that all of the ways to make money with Twitter will actually make you money. On the contrary: most “how to make money with Twitter” methods make money only for the people selling the method, not for the people buying and using the method.

That’s why you will probably find this article refreshing. Because it outlines a simple, five-step process that, if you follow it closely, can actually help you make money with Twitter and not cost you a dime in the process.

Get Familiar With The Various Twitter Advertising Programs

One of the best ways to make money with Twitter is to look into the many different companies that will pay you – on either a per-Tweet or per-click basis – to promote the products and services of their advertisers by Tweeting out advertising messages to your Twitter followers.

Some of the more popular such companies include MyLikes, Magpie, and Sponsored Tweets.

Find Out Which Products and Services Pay The Most

Another critical step in your journey to make money with Twitter is to focus on finding highly commercial products and services, those that advertisers are willing to pay top dollar for you to promote.

While you may be able to find this out simply by reviewing offers other people signed up to the same systems are promoting, you may also want to run some of the more obviously commercial products and services through Google’s free keyword selection tool to find out which ones have the highest levels of competition.

As a rule, the higher the competition for a keyword, the more an advertiser is willing to pay for it.

Look For Targeted Twitterers To Engage

If you’re going to make money with Twitter, you need to make sure that you develop a following of Twitterers who are highly likely to want the types of products and services you’ll be promoting. Otherwise, you’ll be promoting into a vacuum.

You’ll need to use Twitter’s free site search facility, or a paid application, to help you find people whose profile data and/or Tweets include the keywords people generally use to describe or search for the types of products and services you’ll be promoting.

Get A Lot Of Followers

Regardless of whether you get paid to Tweet or you get paid when people click, you’re going to need some big numbers in order to really make money with Twitter. And we’re not talking about hundreds or even thousands. We’re talking about tens of thousands.

This means that you’re either going to have to outsource this part of the process or you’re going to have to invest in some Twitter marketing software.

Sign Up For Some Advertising Programs And Wait For The Offers To Come In

After you’ve developed a decent following – which you could realistically do by outsourcing or by using the right Twitter Marketing software application in a matter of weeks – it’s finally time to sign up for some of the programs you checked out at the beginning and wait for the offers to come in.

And if you’ve done things right up to this point, the offers will come in and you will begin to get a taste of what it’s like to make money with Twitter.

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How To Get More Twitter Followers – Five Things You Need To Do To Get More Followers On Twitter

Written by on February 18, 2011 · 5 Comments

If you want get more Twitter followers, then pay attention to the advice that’s offered in this article – because it’s going to show you five you’re going to need to do if you’re going to have a shot at being successful in your efforts to get more Twitter followers.

The first thing you need to do to get more Twitter followers is to identify people who are most likely to want to follow you – that is, people who are more likely than most to want to hear what you have to say.

You can do this by running a search through Twitter’s site search facility (search.twitter.com) to find people who are using the keywords (in their profile data and in their Tweets) people commonly use to find your business.

The second thing you need to do to get more Twitter followers is to set a target for the number of Twitter followers you want to gain – in total and then in monthly, weekly, and daily increments – so that you will not only know that your efforts are taking you in the right direction but that you will also know when you have reached your “destination.”

A good way to determine the number of Twitter followers you’ll need is to start off with an income target and work backwards to calculate the number of followers you’d need to have in order to reach that target.

The third thing you need to do to get more Twitter followers is to find, create, and share (i.e., Tweet and Retweet) content that data suggests will be interesting, entertaining, educational, informative, or useful to your target Twitter audience.

A simple and effective way to do this is to pay attention to the messages your followers and target followers Tweet and, in particular, Retweet.

The fourth thing you’re going to need to do to get more Twitter followers is to make sure that you’re at least as active on Twitter as other Twitter users whose Twitter efforts and success you’d like to emulate.

The fifth thing you need to do to get more Twitter followers is to automate as much of the process as you can. If you’ve spent any time on Twitter trying to find people to follow, managing the following and unfollowing processes, and maintaining a healthy level of Tweets and Retweets, you know how time consuming it can be.

Now imagine doing all of that on a grand scale.

Unless you are prepared to devote many hours every day to Twitter, it’s not going to be possible. You simply won’t have the time or the energy to do it.

This is why you need to click on the link to learn about how you can take advantge of Twitter marketing software will help you get more followers on autopilot.

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Twitter Marketing Success Tips – Three Keys To Successfully Using Twitter For Marketing

Written by on February 11, 2011 · 1 Comment

In you’re interested in learning about Twitter marketing – specifically, about how to get Twitter marketing right – then you’re going to want to pay close attention to the information in this article. That’s because it’s going to introduce you three keys to Twitter marketing success, without which your best efforts will be doomed to failure.

Get The Numbers On Your Side

It’s often been said that marketing is a numbers game, that if you have a big enough audience, sooner or later some of your messages are going to stick.

Twitter marketing is no different: you’re going to need to get a sufficient number of followers in order for your Twitter marketing efforts to succeed.

twitter marketing followers 300x208 Twitter Marketing Success Tips Three Keys To Successfully Using Twitter For Marketing

Your follower count is definitely a factor

What is a “sufficient” number of followers? The answer depends on your conversion – of followers to visitors to your website and, ultimately, of visitors to buyers.

You’ll have to do some tracking to know what this is. You can use Google Analytics to set up conversion paths (using Twitter as the visitor source) and then “reverse engineer” the numbers based on your conversions for your Twittering marketing efforts.

Get Your Targeting Right

If you’re randomly following Twitter users – and getting randomly followed back – then you’re wasting a lot of time and effort. You’re also going to find that your conversions will be extremely low, meaning that you’ll really need to put the emphasis on the Twitter marketing “numbers game.”

If you want to get better results with less effort, then get your targeting right. This means identifying people who are likely to be interested in the types of products and services you offer based on their use of keywords (that are relevant to your business) in their profiles and in their Tweets. For some of you, it may also mean identifying people on the basis of location.

twellow1 Twitter Marketing Success Tips Three Keys To Successfully Using Twitter For Marketing

Twellow is one of many useful - and free - Twitter marketing tools

This kind of targeting is easy enough to do with free tools, such as Twitter’s own search facility – which you can find at http://search.twitter.com – or on sites such as Twellow, which is, essentially, the Twitter equivalent to the Yellow Pages.

If you get your targeting right, you’ll find that your conversions will increase, which will mean that any additional marketing effort you put into building up your numbers will produce even greater returns.

Make Sure Your Activity Is Follower-Focused

When it comes to Twitter marketing success, activity is important. You can’t expect your followers to seek out what you offer. But it takes more than just “raw” activity to succeed at Twitter marketing. It takes “follower-focused” activity.

Follower-focused activity basically means listening first, adding value second, and then connecting what you’re hearing to what you offer.
It does not mean what most Twitter marketers do, which is to spam their followers with an endless series of promotions. There’s no surer or faster way to get ignored or unfollowed.

You have to learn to listen and learn. Then offer something of genuine value – information, education, entertainment, and so forth – that costs your followers nothing more than their time to consume.

After you’ve established yourself as a trustworthy member of the Twitter community – that is, as someone who is perceived to be both competent and benevolent – it’s okay to periodically intersperse your conversations and Tweets with your offers.

Just make sure that when you do put a promotion out into the Twittersphere, you observe some basic Twitter marketing guidelines: disclose the fact that you’re promoting an offer (#sponsored or #promo or #aff link) and make sure that the offer is relevant to your followers (if you’ve done you’re targeting right, this, of course, should not be an issue).

Better still, rather than Tweeting a link to a promotion, consider adding your promotions to some useful or entertaining content that you have developed and Tweet the link to the content (provided that promotion is relevant to the content).

You’re likely find that your followers will be more  responsive to a “contextualized” offer. And you know what that means: higher conversions.

There’s one more thing you should consider doing in order to maximize the return you’ll get on your Twitter marketing efforts…

While there’s no doubt that effective Twitter marketing can give your business a real boost, it can also be extremely time-consuming.

Make sure you click on the link to check out some killer Twitter marketing software that will help you identify, “acquire,” and manage communications with tens or hundreds of thousands of followers in short order.

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How To Use Twitter To Make Money Online By Tapping Into The Same Monetization Model Twitter Uses

Written by on February 10, 2011 · Leave a Comment

icontexto webdev social bookmark 09 bonus 1 How To Use Twitter To Make Money Online By Tapping Into The Same Monetization Model Twitter UsesIf you want to know how to use Twitter to make money online, then you might want to consider taking a cue from Twitter’s own monetization model. After all, if it’s a good enough monetization model for Twitter, then it might just be a good enough monetization model for you.

In case you don’t know, Twitter only recently as of (April 2009) figured out how to use Twitter to make money. Ironinc, but not too surprising, considering that the social media phenomenon obviously needed to tread carefully to avoid any appearance of the kind of crass commercialization that could turn its users off.

Irony aside, after consulting with many of the best and brightest minds in the business world and undoubtedly considering many different monetization models, Twitter finally settled on a “Promoted Tweets” program.

As you probably know, a Tweet is a message posted by a Twitter user. A “Promoted Tweet” is basically a regular Tweet that an advertiser pays to promote to a wider audience on Twitter.

“Promoted Tweets” are promoted in two ways:

  • They are displayed on Twitter’s search results pages
  • They are distributed to the advertiser’s followers

“Promoted Tweets” may also appear amongst related Tweets when people click on a Tweet with a hashtag (the # symbol that is used to tag Tweets by topic).

What’s really interesting about Twitter’s “Promoted Tweets” model is that Twitter was not the first company to figure out how to use Twitter to make money this way.

There were a number of other companies that launched similar programs much earlier than Twitter – among them:

These companies offer you the opportunity to earn money by sending out Tweets to your followers that promote offers from various advertisers.

Payment models include both pay-per-click (where you get paid a small amount of money for every click your sponsored Tweet generates) and pay-per-Tweet (where you get paid a set amount of money for every Tweet you send out – an among that is determined, mostly, by the number of followers you have and the commercial value of your niche).

So if you’re looking for a way to use Twitter to make money online, make sure you check out one of the above services. They’re free to sign up for and they involve virtually no work on your behalf, other than, of course, developing your Twitter following.

Speaking of developing your Twitter following…

Now that you’ve been shown how to use Twitter to make money the easy way, you’re going to need to focus on building up your Twitter following so that you can really maximize the potential of your Twitter money-making efforts.

If you want to do it the hard and slow way – and take forever to make any money – then just go about it manually. If, on the other hand, you want to do it the quick and easy way, then make sure you click on the link to find out about a sofware application that you can use to put your Twitter marketing efforts on autopilot and send them into overdrive.

It will even show you how to use Twitter to make money if you don’t have any followers, so make sure you click on the link now.

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