Why Most People Fail In Making Money Online
To try to make money online is same as to start a new business, the different is we just do business online.
Business Failure
Most new small businesses fail because they fail to understand marketing, this is same with online business. As business management guru, Peter Drucker said :
“To create a business is to create a customer“.
In order to create a customer, we must understand marketing!
Since marketing is all about understand what people want, then trying to give it to them at the price they are willing to pay and a price that will provide you with an acceptable profit. In essence, to create a customer willing to pay for your business.
Making Money Online With Content
In content website business, we do blogging, we exchange links and do all kind of tactical works. We work hard! We do everything we can … but does it work better? This is the mistake we all make, many business don’t think about marketing. We do not target our effort to specific customer and we just simple create a blog or website, promote and hoping for the best.
- We just hope that there are visitors
- We just hope that there are advertisers
- We just hope that the visitors just click and view on our ads
Without thinking why visitors need to visit us, why advertiser need to pay us, and why the visitor will click on those ads. And we can tell you that “hoping” didn’t work well. And without marketing, we really just have to work hard and hope for the best. To understand marketing is the first step to for us to work less, earn more and build a profitable business system.
Rethink
Think about a blog and a site that you visit, do they know for anything special? Or do they know for some unique content that you can’t find else where? If not, they are offering commodities - the worst word in marketing. A content website that has nothing special or no specific benefit to a target audience can only compete on price (advertising price) and effort ( blogging effort to bring in traffic ). And the worst part is your competitor is just a click away.
If you really want to avoid this number one failure of online business, start understand marketing today. And we are dedicated to share our marketing and system experience with you here. Marketing is really what making BIG difference between a successful one man system of growing money online website and a website that need you to work everyday.
Summary
Try to think about this 3 main component of marketing …
- What people want to read or Why people want to advertise in your site.
- Then trying to give it to them at the price they are willing to pay.
- A price that will provide you with an acceptable profit (profit = income - work - cost).
We can write a lot of step by step articles with this 3 main component marketing concept in this online content business. But this is important to start burn this concept into your head before you really start read or build another new website.
Share This- Post By Ken
- 2 Oct 2007
- 4 Comments - 895 Views
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I certainly agree that to make money online one needs to realize that content is king but not just any content, that content needs to be content that your readers will read, remember and share with others.
Try to be unique in your approach so people will remember you over others.
Thanks for the great post.
Thanks. I strongly agree with you. In content business, of course content is KING. Just like you said, you need to write content that your reader will read, remember, share and also have value:)
Anyway, because of your comments, I plan to write a next post “First Rule Of Content Business Marketing : Promotion Works - But Only If You Start With Great Content!”