When it comes to marketing your business on the internet, there are a lot of things that you can do easily that you can’t do in a traditional offline business. There are a lot of advantages to starting an online business and marketing your products on the internet. One of them being low cost advertising.
In the offline world, if you wanted to run a full page ad in a magazine, it would easily cost you $5,000 or more. In the online world, you can do a ton with that $5,000. At the end of the day, you’d probably make more money in an online business than you would with an offline business.
In today’s lesson, I want to go over a few benefits about online marketing that you probably may have never thought off before. All of these benefits combined will give you an idea of how to craft the perfect internet marketing campaign, without spending a lot of money in the process. Here’s the first online marketing benefit:
1) Backend business can be automated
If you get a sale from your online marketing, you can easily put your prospects in a backend marketing funnel (via an autoresponder), and put all of your backend marketing on autopilot. The only thing that you will have to do is add more emails to your autoresponder. Other than that, it can be completely automated.
And this is very important, because if you didn’t know, 80% of your total business profits will come from sales on the backend. That simply means selling to your customers over and over again. Without backend marketing, you’re setting yourself up for a stagnant business that just cannot grow. Here’s another online marketing benefit:
2) Easy to do joint ventures
To have someone take up the task of being a joint venture partner for you, all you have to do is setup an affiliate program. You can do this by signing up to ClickBank and Paydotcom. A joint venture is simply a collaboration of 2 companies to come together and help each other make more money.
You can set the commission rate at 50%, and continue to get free traffic, sales, and customers all on autopilot – because your affiliates are doing all the work for you. Now there are other ways to implement joint ventures. One common way is to simply email someone in your niche (who isn’t a rival competitor), and ask them if they would like to team up and do a joint venture with you.
Some will say yes and some will say no. But those that do say yes can potentially bring in a ton of profits for you without you having to spend a dime. Plus you gain new customers in the process.
These 2 benefits of online marketing are things that you will want to remember the next time you consider marketing your business online. They are simple, fast, and incredibly effective… and you don’t have to spend a lot of money to do them. So I advise you to consider using these tactics in your business today.
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