Today I really wanted to give you a window into my early life on line. You see, it’s easy to sit and to think ‘well, it’s ok for him (or her). He’s already got a business on line. He (or she) already makes “X” thousands a year on the internet.’
But here’s the thing! Everyone started somewhere… and here’s the other thing. There is no such thing as overnight internet success.
Every web entrepreneur I know worked at their business to make it what it is today! I still sometimes work into the early hours of the morning, and I know other web sellers do the same. Running a business on the net is not all sun and surf! Sometimes it’s plain old hard work, just like any other business.
Yeh! We all know about the flash kids who tell us about the ‘100.000’ list they built on line in only 24 hours’ or how they launched their latest program and raked in $1M in only 4 days. The truth of the matter is that every one of them was not starting from cold! Neither did they do it themselves, without the help of the internet community… and neither did they do it for free. They paid handsomely to make these figures happen, either in advertising, or in affiliate payouts.
My early days on the net were not as successful as I would have liked. My first website was for an ebook that I produced from a title in the public domain. The book was on Indian cooking (that’s Indian as in India, not as in Native American!) and I sold it around the $27 mark. I advertised it on Google Adwords, and waited for the sales to come rolling in.
Well, it bombed! I mean to this day I’ve made no sales. Why was this when I did everything right? I researched the market. I picked the right price point. I wrote the best copy I could using all the tried and tested techniques. Why did it bomb so badly? Well, I now know why. Because I was up against a constant stream of free content on the internet. Almost all of those searching for curry recipes and Indian food were looking for FREE information, not to buy!
This was my big mistake. I saw 100,000’s of searches on line and assumed that they all wanted my product. I was wrong. And this is one of the mistakes that a lot of new sellers on the internet make every day.
This is one of the biggest lessons I learned in the early days. If I had only taken the time to research what all these searchers were looking for online I could have avoided the hours and hours it took to produce the product, and the days it took to produce the website and the web copy.
Although it’s not glamorous or sexy, researching your market is one of the best and smartest things you can do before you start to produce your product. I really doesn’t matter how much of a good idea the product is, if there’s no market for it then you can’t sell it. If no one wants to buy it then you don’t have a business, you only have an expensive lesson in marketing, and how not to do it.
So before you do anything else.
1. Make sure you have a product that people want to buy.
2. Make sure your market are comfortable buying on line, and
3. Make sure they have money to buy your product.
This last point means there is no point in pitching a $500 course on debt management to those who are heavily in debt. They simply can’t afford it!
Until next time
Ian Greenwood