If you’ve decided to make money online, whether it’s as a full time endeavour or a part time hobby, you have to remember that it’s all about rifle shots and shotguns. Rifle shots and shotguns? How? There are two ways you can do things: you can do things very precisely and accurately, or you can just go in there, make a big splash, and just try to hit everything at once. As you can well imagine, if you are going to try to make money online, your time, effort, money, and resources are quite limited. You have to extract the most value from whatever resources that you have to make the endeavour worthwhile. This is the essence of efficiency, and this is the essence of business. If you use the shotgun approach and you just list anything and everything that will pay you money if people click or people buy through your link, guess what? Chances are quite low that you are going to make money. However, if you have a plan, and you’re very targeted and you have a specific strategy at focusing on the things that yield the most amount of money for the lowest amount of effort, chances are higher that you will make money online. Of course, nothing is guaranteed. Just because you used the rifle shot strategy doesn’t mean that you’ll eventually wake up to lots of zeros and digits on your online bank account. It doesn’t work that way. You still have to make sure other factors are present. However, taking out the right targets is definitely a great indicator of a higher chance of success in the future.
One Hostgator promo code site is not the same as another
One of the biggest ways to make money online is to put up a discount site. People are always looking for discount codes. For instance there are a ton of people searching for Promo codes to get deals on hosting plans. GoDaddy discount codes, hosting discount codes, all sorts of discount codes have a lot of people looking for them. There’s a built in traffic base for this type of content. However, one code is not the same as another discount code. You have to remember that. Just because you put up a discount code site or a promotional coupon site doesn’t mean that you are automatically going to get money. Even though you get a lot of traffic, it might not translate to money. Read further to find out why.
Focus on high value items
Instead of the shotgun approach of listing anything and everything, focus on high value items. High value items are items that are worth 250 dollars or more. Why should you focus on high value items? Since discount codes pay you based on the percentage of sales that you make, if you sell a lot of 1 dollar items, you’re not going to make much because you’re probably just going to get maybe 3%, 4%, 5% off 1 dollar. That’s like 5 cents per sale. You need to move thousands of items to make decent money. Compare that with focusing on high value items where you need to move only a handful, and to make decent amount of money every month. This is the rifle shot approach, because you can then focus all your time and effort into finding traffic that will push those products. See the difference?
Focus on finding traffic that converts
Instead of focusing all your effort and energy on massive traffic that just pollutes your website, you need to focus on the right kind of traffic. Again, rifle shot approach. Focus on targeted traffic that will actually convert. If you are advertising high priced value items in the farm equipment category, look for people that are already looking for farm equipment and are willing to spend. Don’t look for people that are just interested or that are curious. Those people are not going to make you money. People who are ready buyers will make you money. Know the difference.
One Hostgator promo code site is not the same as another
One of the biggest ways to make money online is to put up a discount site. People are always looking for discount codes. For instance there are a ton of people searching for Promo codes to get deals on hosting plans. GoDaddy discount codes, hosting discount codes, all sorts of discount codes have a lot of people looking for them. There’s a built in traffic base for this type of content. However, one code is not the same as another discount code. You have to remember that. Just because you put up a discount code site or a promotional coupon site doesn’t mean that you are automatically going to get money. Even though you get a lot of traffic, it might not translate to money. Read further to find out why.
Focus on high value items
Instead of the shotgun approach of listing anything and everything, focus on high value items. High value items are items that are worth 250 dollars or more. Why should you focus on high value items? Since discount codes pay you based on the percentage of sales that you make, if you sell a lot of 1 dollar items, you’re not going to make much because you’re probably just going to get maybe 3%, 4%, 5% off 1 dollar. That’s like 5 cents per sale. You need to move thousands of items to make decent money. Compare that with focusing on high value items where you need to move only a handful, and to make decent amount of money every month. This is the rifle shot approach, because you can then focus all your time and effort into finding traffic that will push those products. See the difference?
Focus on finding traffic that converts
Instead of focusing all your effort and energy on massive traffic that just pollutes your website, you need to focus on the right kind of traffic. Again, rifle shot approach. Focus on targeted traffic that will actually convert. If you are advertising high priced value items in the farm equipment category, look for people that are already looking for farm equipment and are willing to spend. Don’t look for people that are just interested or that are curious. Those people are not going to make you money. People who are ready buyers will make you money. Know the difference.