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Today's
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to Test Your Ads and Improve Your Profitability
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How
to Test Your Ads and Improve Your Profitability
By
AngelaWu
It's
so easy to blow through money when marketing a website. If you're
like many new entrepreneurs, you may have already wasted several
hundreds, if not thousands, of dollars on marketing campaigns that
didn't give you the results you were hoping for.
So how does one figure
out which campaigns are worth the time, trouble, and money?
You track them. Ad
trackers are commonly used to monitor the results of a marketing
campaign. A specialized 'coded' URL records the number of times
people click on the link. You'll be able to see how many 'hits'
and unique visitors you get from each of your advertising campaigns,
and by analyzing this information, you can instantly see which
of your campaigns are successful -- and which are not.
A hit-and-miss 'strategy'
is simply too frustrating, and often times too expensive! Here
are just a couple of examples of what an ad tracker can tell
you:
EXAMPLE 1:
Let's say you run the same ad in two newsletters or ezines.
Ezine A has 10000 subscribers, Ezine B has 50000. Most beginners
naturally assume that a larger number of subscribers means
a better response rate. This isn't necessarily true. What actually
matters is how many people READ the ezine and how responsive
they are! Your tracker will show you cold, hard numbers of
how many subscribers from each ezine respond to your ad.
EXAMPLE 2:
You create 2 different sales pages, each with a unique tracking
link. You can send an equal number of visitors to each sales
page, and let your tracker tell you which one is converting
more visitors into paying customers.
A good tracker doesn't
have to be expensive, either. Consider how much you pay for
a single ad whose results you'll have to guess at... when instead,
you could invest in a tracker that will SHOW you which of your
campaigns are giving results. There are a wide variety of trackers
available
Tracking your campaigns
is also important when you're marketing offline. For example,
let's say you create a couple of brochures. You can track orders
by providing a 'code' on the enclosed order forms, or if you're
directing people to your site, provide a different URL on each
brochure to see which one is getting the most response. Knowledge
is a powerful thing!
By testing everything
you do, you'll have solid proof of what doesn't work, what
works well, and what can be improved. You know which ad campaigns
to continue ... and which ones to dump for something more profitable.
So invest in some a
good tracker -- you'll gain valuable insight into where your
sales are coming from, and be able to refine your marketing
efforts and ultimately improve your bottom line.
About
The Author
Angela
is the editor of Online Business Basics, a practical guide to building
a business on a shoestring budget. It features loads of instantly
usable tips and tools that were specifically chosen for beginners!
For details, visit http://onlinebusinessbasics.com
Editors
note: A couple of good ad tracking options are:
Adtrackz
- a do-it-yourself software to load on your server
Eztrackz - an all-inclusive web-based
service
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"Dr
Ebiz"
"I
want to offer a free trial as a strategy to entice new subscribers
to my e-mail cleaning service. Should I get their credit card
information first and delay processing until the end of the trial
period? Or should I defer any attempt to get their credit card
information until after the trial period ends?" -- Matt Biskup
Sleazy
operators sometimes get credit card information prior to a free
trial for the purpose of taking advantage of people's forgetfulness
-- making a quick dollar when they forget to cancel. But I think
this approach is flawed in two ways:
- Many
more people are likely to try your free service if you don't have
any barriers, such as trusting you with their credit card
number. Your strategy should be to make people so dependent upon
your service that they will want to pay for it when the free trial
period expires. The more who become dependent, the better your
business.
- Great
businesses focus on serving their customers, not taking advantage
of them. Treating your customers the way you'd like to be
treated is always good business and helps you build a service
with thousands of delighted customers who will tell others.
The
only reason I see to ask for credit card information up front is
to qualify your prospects by charging a very nominal set-up fee.
This drastically reduces the number of free trial customers, but
may be necessary to avoid incurring expenses on account of those
who aren't serious anyway. You could start by offering to waive
your "normal" $5 set-up fee for the next 30 or 60 days. That way
you can always re-institute it if you find that your completely
free trials approach isn't working.
"Copyright 2003, Ralph F. Wilson. All rights reserved. Used by permission."
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