Saturday, February 17, 2007

The Biggest Mistakes in Internet Marketing

They are always people asking how to start online business? What to sell online? How do I know people will buy from me and how much can I make? How to received payment and etc…..

For this articles, I am only going to discuss on “Supply “and “Demand” principle.

For other questions, you can find the answer in my Blog Archives.

I believe a lot people have heard about the concept of “Supply vs Demand” right? If there is a demand, definitely there will be supply.

However when come to online business, a lot of internet marketer eventually ignore this part. They think of creating an “Ultimate Product” to sell online. Product that no one is selling except themself. In other words, No Competitor!

They believe the “Ultimate Product” is going to make them RICH!

You know what! you are making a BIG mistakes in your life. If your product do not have any competitors at all, then it is pretty sure that is no one searching for that product as well.

A really powerful marketing tips I learned from my Internet Guru Alex Mandossian is that “Always Improve, Do Not Invent” Find a product that already available online and improved the quality or add more benefits to that existing product. You must create a Unique Selling Proposition (USP). There is where you differentiate your business from other competitor and make them buy from you over and over again.

Alright now, you know the concept of supply and demand. How do I know what are online people searching for? What keyword there type in search engine and how often they looking for certain product.

To find out the answer, I recommend Word Tracker. It is really useful tools to do keyword research for popular search engine like Google, Yahoo and MSN. You can try for the Free trial but with limited features.

Try out and I am sure you will love it.

I would like to take this opportunity to wish all Chinese out there a

“Prosperous Chinese New Year” and Gong Xi Fa Chai!



Anonymous said...

I didn't quite understand the flow here. Any recommendations?

Anonymous said...
This comment has been removed by a blog administrator.
Bernard Hay said...

Hi Rosesylvia, if you going to start Internet Business, do not start with sell a “Product”. You must start with market research. Wordtracker is the best keyword tools to help you.

Check for problem statement and only come out with a solution or product.

For more details you can see my articles on step by step to create an Internet business

Also check my other blog archive articles. There will a lot of useful information & tools for you to start a lucrative online business.

Hope this help. Do let me know if you need anymore information.


Bernard Hay said...

sorry wrong link

sky said...

Today online business is the one of the fastest growing business. Day by day there are many changes taking place in this field. All you have to do is find asolution for this. Does any one has any suggestion?

Bernard Hay said...

Hi Sky, Thank you for your post.

Yes, agree with you online is a very fast moving medium. Do visit my other post that might help you for your online business. Appreciate you can tell my blog to your friend as well.

Can you tell me more details, what suggestion you looking for?

Will try my best to answer your questions.


sky said...

Yes Bernard. You have provided valuable information. Thanks.


Bernard Hay said...

Hi Sky,thank you for sharing.




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