"Make More Money Without More Niches…"
On the subject of Increase Web Site Traffic, Internet Marketing Business, Internet Marketing List Building, Niche Marketing, marketing tips, online marketingMake More Money Without More Niches…
By Paul Kleinmeulman
As promised this is an article to continue on from yesterday.
You want to make more money right? Of course you do, we all do.
So if one niche is making $100/day how do we make it $200/day or $1000/day without entering another niche?
Let me share with you 5 different ways to make more money from a single niche without going into other markets.
1) Increase Conversion
If you want to make more money without getting more traffic, then simply increase your conversions. If you sales page is converting at 1% by increasing your conversion rate to 2% you have suddenly doubled your profit, without any extra traffic.
To do this you must test, test, test again, via A-B split tests or multivariate testing and tracking. I recommend starting with your headline, and testing a variety of different versions of your sales page to find out which one works best.
Also I recommend you try video (don’t forget to test, that it does increase conversions) as an easy option to be more personal to your potential customers, and convey more information quicker.
2) Increase Traffic
The formula is simple, Traffic * Conversion = Sales. We’ve already increased the conversion, so to double our efforts, increase the traffic as well.
Write more content, and get it out in more places. Think social media, article directories and related sites.
Get more links to your site. Use banners, ask for links, create WordPress templates be creative.
Find more partners and affiliates to promote your site. You don’t get, if you don’t ask.
Use invite a friends with rewards.
SEO your site, target your main keywords better.
Multiply your sites, to target more keywords.
Focus on a new method of traffic everyday, and build up that site to dominate every avenue of traffic.
3) Increase Profit / Sale
If you want to make more money, then make sure you are maximizing your profit per sale. Increase the price (test it to see if that increasing the price, decreases your conversion rate, sometimes it increases conversion).
Turn your digital product into a physical product and maximize your profits that way.
Add more bonuses to your product, and justify the price increase or update and revise it to version 2.
4) Increase Profit / Customer
The good thing about customers, is most of the time, they buy more then just one item. Don’t stop at the first sale.
Give them a One Time Offer (OTO), but don’t stop at one there either. Give them upsell after upsell. I know marketers that have over 6 upsells in a row, personally I think that is just annoying, but who can argue with more profits.
Build the relationship, and offer follow up or advanced courses/products to your customers to take them to the next level. Promote related affiliate products.
More sales for more products = more profits.
5) Don’t Waste Traffic
A prospect has read your sales page, but doesn’t want to buy (at this time)… what happens? They leave and you lose the customer forever.
Don’t waste that traffic, build a prospect list, via an exit popup or one of those ’save a sale’ scripts, you know the ones with the ‘operator’ that ‘talks’ to them.
Give them something free, and build your email list, to build that relationship with your prospect, so you make more sales.
So there you have it, 5 ways to make more money from your niche, without entering a new one. Can you do this? Absolutely… Is any of this too hard for you? NO!
Implement these 5 methods, before you enter another niche, to maximize your profits and minimize your headaches.
All the best for your online success,
Sincerely,
Paul Kleinmeulman
Australia
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