5 Ways Your Competitors Are Making Money Online

Jul 2
09:04

2015

Jon Allo

Jon Allo

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The main reason that many people struggle when trying to make money on the internet is that they have no solid plan. They know that there are online ways to make money but they don't know what to do or how to do it. Here are 5 ways your competitors are building a profitable online business.

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If you have an internet business,5 Ways Your Competitors Are Making Money Online Articles or you are looking to start one, do you find it frustrating when you see your competitors making money online, but you're not? The reason is that your competitors have clearly identified how to attract their target market to their product. Here are 5 ways they are building a profitable online business.

1. Developing Relationships.

Effective internet businesses are making money online by developing relationships with their potential customers, usually by email. These prospective customers have given their permission to receive these emails as they know that they will be given useful and valuable information. Email marketing makes it possible for you to build trust and respect from the people on your database and for that reason they will be more likely to buy from you.

2. Solving A Problem.

How can your product make the life of your prospect easier, better or safer? You have to clearly communicate the benefits of your product on your website, in your emails, in your social media posts and in your advertisements. You may have prospective customers on your email list already, or following you on social media, but they might not be sure if your product is the right one for them, so you have to let them know all the benefits.

3. Social Media.

Your customers are on social media regardless of whether you like it or not. Successful online entrepreneurs use social media to connect, engage and interact with their target audience. If your customer has an idea of what they want they will follow different products and businesses on social media to see which one might offer them the most value. They also probably use social media to communicate with other people in your niche and with other people in your target audience.

4. Keyword Rich Website Content.

When creating content for your website, you should always write it from your visitor's perspective and use keywords that will be picked up by the search engines. Your prospect will search the internet for other people who have the same problem because they are looking for sympathy and support. When a website visitor finds your website, they need to immediately see that you recognize their problem and how your product or service can help solve it.

5. Advertising And Marketing.

You may have the best website in the world, with the best products or services at the best prices, but you won't be making money online if nobody knows your business exists. You need a steady flow of targeted customers visiting your website and online sales pages. There will always be a cost for traffic, whether it is paid for with money or paid for with time. Paid advertising does not have to cost the earth and if you know your target audience there are many cost effective ways to reach them.