In my previous post, I don't know if I defined certain words for newbies to online marketing.
Of course everyone knows what website traffic is. But I'm not sure if I defined the difference between targeted traffic and non-targeted traffic. Targeted traffic refers to people who fit your ideal demographic, the most likely people to be interested in and buy your product, the people with the "pain" you have the ideal solutions for. Non-targeted traffic is a large pot of the general public that hopefully contains at least some of this ideal demographic along with a majority of people who are outside this ideal demographic.
For this reason, you will always get a much higher conversion rate from targetted traffic.
Conversions do not necessarily refer to sales. A conversion is any action or direct response your visitor takes that moves them closer to the sale. This can be signing up for your opt-in email newsletter, signing up for a Seminar, calling you for a proposal, etc. We call this a soft conversions. Other conversions are closed sales or result in closed sales, where your visitor becomes a paying customer by buying something from your website, ordering by phone, or paying for your service. We call these hard conversions. A hard conversion is a sale.
In order to be successful in web marketing, you need all three legs of the three legged stool. These three legs are:
1. Traffic. Preferably highly targeted.
2. Conversions. A website that gets a high percentage of both soft conversions and hard conversions. The benchmark that we and our clients find successful is 18% soft conversions and 3-6% hard conversions.
3. A large list of interested prospects you can continue to market to by providing high quality, in demand information. This is your opt-in email list.
If one of those legs isn't there, your marketing efforts will not be successful. If you get 100s of interested prospects to visit your website each week, it's worth nothing unless your website converts a high percentage of those visitors. If your website converts well, it won't matter unless people find it and visit it. And, unless you build a solid list of interested prospects, any success you have will be short lived.
So continue to work on all three together. Constantly checking your conversion stats will show you what you need to change to keep your conversions high.
Keep building your traffic using all the methods we list on our website and in our free e-book.
One of the most reliable sources of highly targeted trafffic is a link from the website of another trusted online vendor. One website linking to our website consistently results in conversions over 50%. That's extremely high. It means that for every two people coming to our website from this website one person takes a positive action, like signing up for our Email Newsletter, contacting us for a free website analysis, or requesting a proposal. So far no other source of traffic has such high conversion rates. We average 18%.
There are several ways to get people to link to your website, but one of the best is to have really great content on your website that inspires people to link to it.
Remember that traffic is only one of the three legs. When you build a really large opt-in list, this will become one of your main sources of highly targeted traffic. And the other sources of traffic will continue to convert and grow this list even larger. It's a positive cycle that continues to grow and build on itself.
Peter
Peter Cutler
Studio 525
http://studio525.com
We don't just create websites.
We create results.