Why most websites never make money
Id love to know the stats but I’m betting that the vast majority of new websites started by amateurs online never make any money. There’s many reasons why but the end result seems to be the same for so many people, they spend lots of time/money getting the site up and running and then nothing happens for months and they cant work out why. Before giving up they usually try offline marketing methods in an attempt to get things going, like leaflet drops, business cards in supermarkets and even launch parties (my favourite).
The thing is no matter the size or function of your site unless you embrace SEO, PPC or both then your doomed to failure. The problem is though both these skills are time consuming to learn and implement, but isn’t everything? Even when you know seo it still takes plenty of time to get results so that combined with running the site could make it hard to achieve part-time, but anythings possible.
Ok so after all that negativity what do you actually have to do to make it with your site?
- You have to get out there and connect with other bloggers and websites, this is at the core of Internet marketing. A good way to get started is guest posting, this is were you write a post or article for someone else’s site and in exchange they give you a link back, sounds simple but trust me its still a lot of work. As we know incoming links help both with search engines and your overall popularity so no-matter how long it takes you’ve got to do it. If your not sure where to get started myblogguest is a free forum where you can write guest posts for other webmasters.
- You have to stand out at least a little bit because there’s a million sites out there all doing the same thing. Honestly if you want to build up return visitors you’ve got to give them a reason to come back. Ultimately you’ve got to give your audience what they want and in a clear structure they can understand. So if your an online store offer discounts the competition cant because even though you take a hit in the short term on price the exposure you gain long term is always worth it.
- Consistency is another big part of the equation, are you going to stick with this gig? Are you going to be getting new links for your site on a weekly basis. Will you be creating content for your site for the next 12 months every week to keep it fresh? Obviously the amount of work required is going to depend on the niche your in but even so the work is going to be there until you reach your goal, are you prepared for that?
So that’s my problem, I’m just a realist I suppose but better that I think than one of the get rich quick gurus. I’m always looking for legitimate ways to earn money online that actually deliver a return for the time spent. I cant imagine anything worse than spending lots of time and money on some system that I didn’t fundamentally understand, are you prepared to trust in luck? Or do you want to spend time learning a process like Internet marketing which is already proven?
Why do some websites fail while others are winning!
Please excuse the Charlie Sheen reference, I know were all “winning” in our own way but how do you win when it comes to creating a successful website? If two people are sites in the exact same market what determines which makes money and which doesn’t? It can’t be luck all the time.
1. Picking the right market. This is essential, if you’re in a super competitive industry then you better be there for the long haul because in the online world nothing happens that quick, especially if you’re trying to build a brand. Remember it’s better to be number no1 in a niche than No 83 in a multinational dog-fight. Maybe it’s an ego thing but I keep seeing people trying to compete with million pound companies with 1% of the resources and quality, it’s not smart thinking.
2. Dedication. It’s easy to give up on anything when results are distant but you have to accept that any legitimate business opportunity weather its earning money online or opening a shop on a high street it takes time. I suppose people think that because it’s the internet there should be a way to make money online instantly. The truth is reputation and trust are built online the same way as offline, it takes time.
3. Spending time/money on the wrong things. This usually happening when people start their first website and many hours are accrued just by tweaking that top banner image 10 pixels to the left. No site is perfect and the thing is if you have no traffic at the start it really doesn’t matter if the new shade of lilac goes with the grey menu or not. It’s important to have a professional looking design but don’t go nuts with it, in the scheme of things its way down the to-do list.
4. Finding a path to cash. It is essential you have at least some idea how the site is going to earn money before you start. Yes I know Google,Twitter,Facebook didn’t know either (twitter still doesn’t make money) it’s not the same thing. If you’re building the site to earn a living and not just as a hobby then it’s an investment and it needs to make a return at some point. There are lots of revenue streams from advertising to ecommerce that can generate big revenues but only if implemented correctly, monetisation isn’t one of those things that works out itself.
5. Marketing strategy. The reason most people leave this out is because internet marketing is much more of a technical exercise than in the offline world. You really need a plan out where your visitors are going to be coming from and how you’re going to work with that medium. If its facebook then you better understand viral media and social marking. If it’s Google then you better have a strong grip on SEO and PPC. And the thing is if you don’t understand them then you better have the money to pay someone who does otherwise your going no-where my friend.
So I didn’t include luck on the list even though as we know it’s always a factor in everything we do. However I believe very much in volume and quantity when it comes to success online, do enough for long enough and something’s gonna work (not very technical I know). There’s more to a successful web business than this and certainly true if you want to earn real money on a consistent basis but if I were starting out I would concentrate on those 5 points and as Mike Tyson said, “Refuse to lose”!
