So, your web site is up and running. You have developed a great product (or are selling somone else’s). You have a great sales page. All the links work, and it looks great on everyone’s screen. But you aren’t selling……anything! Why, ‘you ask’? Because no one knows you are there.
You must generate traffic…. that is, you must generate online visitors. They must visit your site before they will ever have the oppportunity to purchase from you.
There are many effective forms of traffic generation, but each of them must be managed correctly to be profitable. For example, if you are buying a low-cost volume type of traffic and your cost per visitor is less than a tenth of a cent, then you can have a very low conversion rate (percentage of visitors who purchase from you) and still generate a profit.
If, on the other hand, you are paying $3.00 per visitor that comes to your site, then, for example, on a $99.00 product, your breakeven point is 33 visitors. That is a 3% conversion rate (considered high online).
So, to be in profit, you would need to have a conversion rate of better than 3%.
Your highest quality traffic will be that of referred traffic. Referred traffic includes visitors that are referred by another site, or from a sales letter you may have sent them. It also includes visitors generated after reading an article you may have posted online. These are the most highly qualified leads, assuming the source of the referral accurately depicted the nature of your site.
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