re How to make Oodles of cash online.
Following on from my last post:
I put 5 niches ideas to the test. 4 are crap and 1 is looking very good. I won't reveal the niche because if you're smart you'd steal it and start doing it yourself :-) So here's the Google adwords results for yesterday Impressions 1471 (limited by budget) Clicks 45 CTR (1471/45) = 3% average cost per click = 27p so now I know that without doing any optimization or testing I can buy 100 targeted prospects to my website for (27p x 100) £27 So If I sell my product for £29 I'll make £2 profit for every 100 people assuming I get 1% conversion rate and £31 if I can get 2% conversion and my product costs are zero. It's a digital product I plan to sell so they would be zero. This making sense? So bottom line is I'm 99% sure I can make money in this niche. Next steps: I will put up a content network campaign and see how much potential traffic I can get there too. I'm looking for a total of at least 5000 impressions and CTR of more than 1% for the content network. which would buy me another 50 visitors a day. I'll also set up exactly the same campaign on Bing and see what happens, my hope is to replicate the conversion figures on Google. I'll also double my Google budget to £20 a day and see how many prospects I can buy. Again I'm looking for at least 300 prospects a day for this to be worth my time to get the site built, the product created and the sales letter written. That would give me about 5 sales a day and make me about £100 a day without any upsells etc So far my spend is £11 on Google and £2 for the domain name and about an hour to put the thing together so far. Yes you read that correctly I do NOT have a product, I do NOT have a sales letter and I do NOT have a website, I have a domain name with 5 articles on it. Now for the important bit. I tested 5 ideas, 4 were crap. 1 is good, if you have tried to make money online before BUT you only tried once and then you gave up, think about that. I've been doing this for years and I still only have a 1 in 5 success rate. But those successes…. thats where that cash is. So what have I done with the 4 that didn't work? Scrapped them of course and put up 4 more ideas :-) I do hope that is inspiring for you and you decide to give it another try. Neil