Showing posts with label immediate edge. Show all posts
Showing posts with label immediate edge. Show all posts

Tuesday, September 25, 2007

The Future Of Free Internet Marketing

So here we are on what is officially the end of the Thirty Day Challenge - Day 30. Today there was no real lesson, per se, but Ed did a video explaining a little of what the future holds for those who stuck it out and made it to the end - or should I say the beginning - or is that the end of the beginning? I'm not really sure but anyway, Ed went into a little of what would be happening in the coming weeks, months.

But isn't the challenge over? Isn't that the whole point, it runs for 30 days and then that's it for another year? Well, in past years, yes, that would have been the case, but Ed and Dan have decided to carry on with this project because they could see the potential to be had in having so many thousands of people stick around and listen to what they have to say. Not only that, but these people got to put into practice what Ed and Dan taught and saw the results for ourselves - so we know this stuff works and therefore we know these guys know what they're talking about, you know?

Ed explained that they would be keeping the Thirty Day Challenge site up as it was, with the forums and training all accessible to whoever wanted to register. They would be getting some volunteers in to help moderate the forums, and keep them going as "action forums", as Ed put it. That just means that the posts that are put up there are quality, they have content and they are about taking action. There's no griping or trying to sell stuff, like in other marketing forums. The stuff in the 30DC forum is the good oil, and it's the sort of resource that can be tapped into forever, because as new techniques and tools come the way of the 30DC'ers out there, they'll post about it in the 30DC forum. It's developed into a real community, with everyone having that one common connection.

So Ed talked about where we go from here. He said that over the coming weeks and months he would be making the occasional blog post along with Dan, that would slowly but surely go into the ongoing process of Internet Marketing. As Ed put it, this last 30 days was all about testing. From here, we move away from using third party platforms and products to make our money, and get into creating our own products on our own domains, and reap all the rewards. But that will come over time, in dribs and drabs as Ed and Dan can find the time in between their regular day jobs working on the Immediate Edge and other marketing ventures. Some of the subjects touched on for the future was List Building, Product Development, Domain Registration and Pay Per Click Advertising. Now, obviously these subjects don't fall under the "free" ethos of the thirty day challenge, which is simply why they weren't included in it. But beyond the free testing phase it's now time to start investing a little bit of money into your niches in the hope that it will get you more money coming back. Basically, if all the 30 days of testing showed you that you have a niche that pays, then it's time to move ahead with it, but to do that you'll have to spend a little too.

List building, for anyone who doesn't know, is when you get people to sign up to your newsletter. This can be done any number of ways but usually involves offering the potential signer something for free in exchange for their name and email address. Obviously, the bigger your client base the more chance you have of making money, and if you can target your client base when you feel like it, by sending out an email, rather than waiting for them to stumble on your page at random, then the more chance you'll have of making a sale. So capturing email addresses in vitally important when it comes to making real money.

Product development is pretty self-explanatory. This is where we create something to take over from selling the affiliate product we had been trying to sell in the past, through Clickbank or Amazon or somewhere else. To create our own product means that we are no longer getting just a commission of the sale, but the whole sale price. From there you can actually put your product on sites like Clickbank and have other people sell it for you, thereby generating even more revenue.

Domain registration is where you move from using third party platforms such as Blogger, Squidoo, Tumblr, whatever, to registering your own domain name that will have something to do with your niche - and buying some space on the web that you can call your own and therefore decorate the way you want. The reasons why we haven't done this already are explained previously - but to recap it's all about Google seeing your site as ugly and not ranking you very high. If you are using a third party platform for your content then you already have a leg-up, as these sites are already viewed favorably in Google. When you go out on your own, however, it's a cold cold world, and Google will generally sandbox you for a period of time while they figure out what to do with you. But now that we have tested and worked on backlinks and social bookmarking we know that we can work our own sites - as long as have a product/niche that people want to spend money on.

Pay Per Click advertising is just that, advertising that you pay for as people click on it. It's usually handled by Google Adwords, and by paying a certain amount of cents per each time someone clicks on your ad, you can generate a monster load of traffic. What it all depends on is how competitive your keywords, which is reflected by how much you need to spend to get to the top of the search results.

And I'm sure there will be more to come as well...

What Ed is mapping out will eventually look something like this:



A map of the whole internet marketing network for one niche


It's a confusing looking beast, I know. Some of it I understand, but most of it is a complete mystery to me. But I'll continue to document my way through it and hopefully it will all be explained in time.

Well, there were times when I wondered whether or not I'll get through the whole challenge. It was a HUGE amount of information and work to accomplish. Even though I'm a stay-at-home Dad doing this I still found it difficult to keep up every single day - I don't know how people who have 9 to 5 jobs coped! My hat is off to everyone who got through the challenge. I truly believe that Ed Dale and Dan Raine hold the future of Internet Marketing in their hands, and the 30DC was a sampler of that knowledge. The testing phase that Ed himself goes through with each new niche. That's a high recommendation in my book.

As with any sort of training, the first time round is the hardest, as it's all new information to process. The second time around the process is a little easier as you're being reminded. By the third or fourth times you've got the process down and can get through the majority of the training in next to no time. The market research phase of the thirty day challenge went on for days, and rightly so - there was a lot to explain. Now that we have the understanding, we need only touch on the notes as we go through to remember what we had to do the first time around. Next time I probably won't need notes at all. So as of today I'm moving on to my next niche and starting the thirty day challenge process again. I've put a call out for some more team mates and have had a few replies and even joined a couple of social bookmarking groups on Facebook to help with the networking. I'll be keeping the niche to myself at least for the time being, but suffice to say that this time around I'll be challenging myself by tackling a niche with more competition that what we've been told to go for in the thirty day challenge. The reason for this is that I believe the first time around it was very important to start small, but with each crack at the process we become more comfortable with it, and I believe the things taught to us by Ed and Dan can be used on any size niche, whether it be to make $10 a month or $10,000 a month. Ok, so I'm not going after the health market or anything, not even the wedding market - it's only my second go with the process and I ain't that comfortable with it yet. I'll explain more in my next blog, when I start detailing MY experience of going through the process, rather than mostly going through what Ed has told me.

If you haven't tried the Thirty Day Challenge then I fully recommend you give it a go. It's completely free and has a mountain of information that WORKS! You really have nothing to lose except some time. If you follow their steps as they teach it you will make money. If I can do it as an Internet Marketing neophyte then believe me, anyone can. Hell, even kids took the challenge and they made money. If you're at all curious about Internet Marketing as a way of quitting your day job then I say try it out and see for yourself. Don't listen to nay-sayers who are jealous or spiteful that this information is getting put out on the net for free when they're trying to charge you an arm and a leg for it - do it, and thank me later.

So where do we go from here? The sky is the limit.

Monday, August 13, 2007

The Learning Phase

Day 10 of the challenge was about the gathering of information, and beginning to learn about our particular niches. I realise now why Ed had only wanted us to bring 2 niches into this exercise, as the work load begins to increase significantly from here on.

Ed started the day with his usual podcast, and then made a strange little video about doing one last little bit of market research. As he said it was something that was sort of hard to teach, but as experienced Internet Marketers, himself and Dan knew this technique more by looking than actually documenting the process. Anyway, he told us to have a look in Google and search for our niche keywords. We were then to look to the results to see if there were any, or many Web 2.0 results. By Web 2.0 he means results that include Squidoo lenses, Hub pages, Ezine articles, Tumblr blogs, etc...places where people are already using Web 2.0 sites to write about and possibly market niches such as ours. Now the reason I say this was a strange video was because once he had told us about this, saying that if our niche failed after we had done all the previous market research then this would probably be the reason, he told us to ignore what he had told us. I'm assuming he did this because the idea might confuse a lot of newbies (and I would have included myself in that group had I not been part of the Immediate Edge program - now of course, I know all about Squidoo and Hub and Ezine). Adding this into the mix could quite well add a level of complexity to the mix for a lot of people that they would simply crash and burn through frustration at not being able to understand the process at this point, and may very well chuck it all in. Ed made the video as to give full disclosure, so that if someone did do all the research but didn't get any traffic, then he could at least say that he had explained the reason why it had probably happened. I assume he believes that for this challenge it's certainly not an important enough part of the market research faze to be worrying, but at the same time it needed to be mentioned. I have the feeling it may have been more confusing to have made the video and then said to ignore it, but I understand why he had to do it, and I bet if there are experienced members in a team then they could probably go into more detail for the lesser experienced people.

Speaking of teams, I'm not sure if I have one anymore...at the start of the challenge we were all told that teams were the best way, and I got that and so asked to join a team. We got a handful of people together, I think 5 was the magic number, and I sent off an email to the guy who started the team saying I was interested. A few days later he sent out a group email with everyone's details, asking them to confirm that they still wanted on the team, and I sent off my confirmation. Since then I've had received maybe one email from each of them, only in response to me asking if the team was still a team. One of our team members started a Facebook group for our team, and only 4 out of 5 of us have joined it...the guy who started the team is the one who hasn't joined, but in his defense he says that he has been sick and needs to catch up. Mind you, the Facebook group has not had much activity since it was started, and the guy who started it, who is meant to be a member of my team hasn't even added me to his friends list despite me requesting to be his friend several days ago. I really thought there would be a bit more communication between team mates. I noticed in the stages of pre-season that other teams were doing teleconferencing on Skype, and coming up with fun team names, but getting correspondence out of my team has been a little like pulling teeth - nobody seems to want to communicate so I've pretty much resigned myself to doing this on my own. I know what people might say, well if YOU want to communicate then communicate...well, I HAVE been trying, and not getting much in response and I'm not the sort of guy who bangs his head on a brick wall for very long. Ok, that's my rant over...

The rest of Day 10 was about the gathering of information on our niches. For those who have chosen a niche they know little or nothing about, now is the time to learn. That goes for me, as the two niches I have chosen are both areas I know nothing about really. I just hope that as I learn about them I'm able to get interested. At the moment, though, it's just about getting snap shots of information and saving them in Google Notebook, a cool little tool for this exact purpose. Another fantastic technique that Ed has shown us is the way to be notified when new information on our niches comes our way. This process entails going to Google and doing a search for your niche under the Google News site. Now, in Ed's example his niche is "Free Speed Reading", but as it's a sub niche the news results are minimal, so he stuck with the umbrella phrase of "Speed Reading". Once he got his results he merely clicked on the RSS feed icon in the address bar of the browser, which took him to his Bloglines account and he saved the feed. This means now that anytime the word "Speed Reading" appears in a news article, Ed will get it delivered to his Bloglines account. Pretty bloody clever if you ask me. Then he did the same with the Blogs search section of Google and voila! He now has every blog that mentions "Speed Reading". Google, being the mother of all search engines, would pick up most blogs and news articles, and therefore Ed would receive a plethora of content which can be used down the track in the preparation of a product or sales page. Then it's just a matter of reading through these blogs and news articles, and seeing what makes you go WOW, or HMMM, and copying that into Google Notebook, storing it for future use. Hell, you may even learn a little about your niche along the way! Hats off to you, Ed, that's some cool IM shit right there!

So that's where I'm at right now. I'm concentrating on my two main niches, gathering information about what they are and cool things that others might find interesting about them. I haven't forgotten my third niche, and if I have time I will have a look for info regarding that, but it happens to be a niche that I already have quite an interest in, and know a bit about, so it's not imperative that I get stuff down during the thirty day challenge.

So, I'd better stop dribbling and get on with the learning phase

Rehash, Repeat, Reinforce

As you can tell by the title Day nine of the challenge was mostly about going back over the lessons of yesterday. It seems that people were having a bit of trouble with the lesson and Google Trends itself, and so Ed made a car cast (podcast in a car) as well as a couple of videos reexplaining what Rob had taken us through yesterday. I think that due to my time with the Immediate Edge program, and having seen part of this technique used, I didn't have a problem understanding where Rob was coming from - but it's always good to have what I thought was going on confirmed, by Ed no less. The one other thing Ed mentioned, which I'd also heard about through The Immediate Edge, was that we need to think in terms of the magic number of 200 - that being only 1 in 200 people who visit your "money page" will actually part with their hard-earned money. This doesn't sound all that encouraging, I know...but if you're getting 100 searches a day for your key phrase, and you're at the top (or near the top) of Google, then it could really only be a matter of a couple of days before you get a sale, thereby completing the challenge. And if you think that each niche has several keyword phrases that can bring in traffic, then you might be able to accumulate more than 200 searches in a day with all your keyword phrases pointing to the same money page, thereby making at least one sale a day...and it can only get better the more time you spend on it. The crucial part of all this is to make sure your phrases are getting traffic, by going through the market research steps as laid out by Ed and the team. As Rob Somerville put it, it takes you just as long to create a site for a term that is getting searches, as it does for one that isn't, so why waste that time on a term that isn't when some simple market research can confirm it for you? I can only probably see a dip in motivation if, once on my own, I'm unable to find another niche that brings in a healthy amount of traffic - but I have an ever increasing number of niche ideas to work with, and I realise that a lot of it at the start is going to be trial and error. Sure, I may have done the market research, I may see there is plenty of traffic for my keyword phrase, and so I create a site to sell a product...but if my site then stinks I won't make a sale no matter how many people are dropping in for a look-see...so down the track, when sites are being built and tested, we'll be able to see what works and what doesn't - and I'm sure that will be one of the many things left to go through by Ed and the gang, to make the process even easier. But I'm getting way ahead of myself.

Ed did say that at this point we should be thinking about only taking 2 of our niches on to the next phase, to put more focus on them. I'm not sure what the next phase is, but seeing as I've already whittled it down to 3 niches through the market researching, I might as well take all 3 through for now and I can always get rid of one if the work in the next phase is too much for 3 niches.

Bring on Day 10!