Many people imagine that it will take them years to replace regular income with profits from their eCommerce business. However, that’s not always the case. In fact, there are a number of entrepreneurs out there who seem to have cracked a way to make money fast just by selling products online. In fact, some are making $2,000 in the first month, effectively replacing their regular income.
But what do you need to do to actually achieve this? And why is it so much business man wait months, if not years, before experiencing success?
Problem
The main reason most ecommerce website owners don’t make a lot of money is because they react hopelessly. They build their website and then assume “the job is done” and all they need to do is sit back and wait for the money to come in.
But that’s not how the industry works, especially these days. Building a website is actually just a small part of the overall process. The lion’s share is the latter’s outreach and marketing.
You can think about the problem by analogy. If you wrote a great book, would you sit back and wait for people to buy it in the stores? Of course not. Instead, you are constantly driving book sales and getting as much media exposure as possible. You should also do the same when launching an eCommerce website.
Methods of making money
The approach to making money – the one that will generate $2,000 in profits in your first month – is proactive. It uses a variety of strategies designed to convert users and convince them that your business is the best.
But how, exactly, should you approach this?
Well, perhaps the best thing you can do in the first place is implement retargeting. Remember that the conversion rate is only about 2.5 percent among people who visit your website for the first time. That means 97.5 percent of customers give up quickly after visiting your website.
To prevent this change, you need to use retargeting to remind them that you exist and that you have the ability to sell the products they want. Remember that most customers need multiple interactions with your brand before they fully commit to a purchase. Therefore, it is essential to show your ads on third-party websites. Without it, you’re blind.
When you create your ad, you’ll need to think a little more carefully. Take risks but also copy the best practices of brands already in the market. Existing companies typically do a large amount of A/B testing to refine their ads and convert as many customers as possible.
You will also want to regularly maintain your website and make sure it is up to date. As https://www.atwix.com/services/magento-maintenance/ explains, many entrepreneurs fall into the trap of believing that e-commerce is a “set and forget” business. Not so. It really requires a lot of ongoing work to keep the site up and running, even for the first month,
Another strategy is to improve your pop-up time, according to https://www.entosystemur.com/article/287828. You want to show ads to consumers at the right time, instead of annoying them with intrusive interstitial ads. If you immediately present a pop-up, it is difficult for the user to explore further. After all, they want to consume your site’s piece of content. However, if you wait a while and give them more opportunities to get to know you, they are more likely to take the desired action.
The best pop-ups are the ones that provide consumers with real value. For example, you can give users 10% off their purchase if they give you their email address. Engaging people in this way can be highly effective.
While you’re doing all of this, you’ll also need to be intensely focused on background search engine optimization. Most people coming to your site should be organic and from Google search.
Never focus on getting up in the rankings. If you can get to the top of the page for a specific niche keyword, you’ll notice that your money starts to add up quickly.
Don’t just pay an SEO agency and expect them to do everything for you perfectly. Instead, use your own tools to track your progress and see your achievements. SEO can be expensive and drag your business down if it doesn’t generate commensurate profits.
Finally, focus on email marketing. In the first few weeks, this is how you will get the majority of your leads. It’s cheap, effective, and doesn’t cost anything.
