Strategies On Online Product Marketing

Just as it is in real-world marketing, there are many strategies in online product marketing. This is where most of the new online marketers make their primary mistake – they believe that the Internet is a separate market that follows a different approach.

Marketing a product on the Internet needs parallel strategies just as they need these same sales strategies in marketing products in the real world.

There may be other methods and styles of advertising now (Google AdSense, affiliate marketing, etc.) in the online world. However, these new approaches in selling a product cannot guarantee sales based on these new marketing techniques.

The following are some of the aspects you have to consider in doing online product marketing.

Competition

Know your product’s competitive advantage. Better yet, create one. How different is your product from the others? (More effective? More durable? Stronger? etc.) If you can’t find a unique competitive advantage, inventing one is the best solution.

To break through the fierce competition, your product must have a competitive edge over the others.

Niche / Specialty Market

Today, there is no more market for products that sports a one-size-fits-all quality. Your product must find its own niche – the right market where the target group is interested in your product. Scissors for left-handers sell better than regular ones, if marketed in the right niche.

Niche marketing also has the advantage of getting your product away from competition because it is regarded as a specialized one.

Right medium

Finding and using the right communications medium for your product is another important factor in online product marketing. You must know the right media to use in the marketing.

The communications medium should deliver the marketing message (including its competitive advantage) to the right customers. Whether it be a blog, a website or an online ad, the medium must serve to fit your product.

Opening a website with the plan of pushing your product online without any clear marketing message and planning (positioning, USP, target strategies, etc.) will not prosper very much.

Repetition

Just as it is in the real world, constant repetition is another important factor in selling. A marketing message that is reinforced by constant repetition has more chances of being retained in the market’s mind than those that are seldom seen and heard. (The success of products advertised constantly on TV proves that.)

After finding the right online medium for your product, ensure that the message is repeated enough times (and in different online media) to get programmed in the people’s minds to buy your products.

Message delivery

The forms of delivery of your marketing message are also crucial. The communication medium can be in the form of a blog, a dedicated website, display ads or some social networking sites.

One caution: Do not use one medium and exclude all the others. Today’s online media is in a unique form of network by themselves. You need to support the medium you are using with the available others using the unified message of your product’s competitive advantage.

A logo, however great-looking and effective by itself, is not sufficient to start a campaign on your product’s competitive advantage. It is nothing more than a visual tool, a component of your strategies on your online product marketing.

3 Tips to Choosing the Right Affiliate Marketing Products

Being an affiliate marketer is a great way to earn money, but it can be difficult to choose the products you want to market. There are thousands upon thousands of products on the internet and it is a tough decision.

This article will list 3 tips to choosing the right affiliate marketing products.

1. The first thing you must do is research! There is no doubt that the best way to pick the right product is by doing research. Use Google AdWords and identify what people are searching for in your specific niche. Ask around and find out what products people are looking for.

Communicating with future customers is going to be the best way to ensure your business is successful. Go into forums and ask the people in your niche what they would be interested in buying. Research, research, and research is the best way to pick the right products to market.

2. Do not choose a product because you like it! Sure, if you like a product and feel it would sell well then by all means promote it. But, what you have to avoid is choosing a product you like but that few others will actually like. This happens a lot and it is tragic. Using the research you gathered you should be able to identify if a product will be successful or not.

The downfall of your business will be if you ignore what your research has told you and you begin marketing products that you like but no one else does. When creating a business you need to choose a niche market that interests you to keep you passionate about it, but in the end it is the customer buying the product and what they want is what you should promote.

3. While you are certainly an affiliate marketer to earn money, there is more to look at than the commission structure. Those new to affiliate marketing look at how much commission they will earn on a product, but that should be one of the last variables in the equation.

For instance, say you are going to earn a 50% commission on a product that costs $10, but there are only 10 people willing to purchase that product. Now, say you are going to earn a 25% commission on a similar priced product, but there are 100 people willing to purchase the product. In the first scenario you earn $50, but in the second scenario you earn $250.

Which scenario sounds better? While you will want to choose the products that earn good commission, this should be one of the last things you look at. Generally, the products with higher commission are harder to sell.

Being an affiliate marketer is a great way to earn money on the internet but it can be difficult to choose the right products to market. Follow the 3 tips to choosing the right affiliate marketing products listed in this article and you will be choosing the right product to market in no time!

Promoting and Marketing Your Online Product

There are several ways that you can go about promoting and marketing your online product and you can even start marketing before your product launches. The key is knowing how to go about everything so that your product information reaches its targeted audience so that conversions can be made. Marketing and promoting your online product before it even launches is a critical step in your overall campaign.

Why would you want to start informing people of the online product you’re about to launch before it’s even ready? By doing this, you are creating hype or excitement for the online product. If your marketing campaign is done correctly and intrigues people than they are going to remember it and they are going to remember when the product is going to launch.

Think about things this way: You have a brand new online product that is going to be launching soon but you found out that another company is launching a similar product around the same time. You haven’t started promoting or marketing the product yet but the other company has been campaigning for the past three months and they already have a strong interest and following on the Internet. That company is already three months ahead of you and now you have to play catch up. You never want to be stuck in a position of playing catch up and that’s why it’s vital to start promoting and marketing your online products as early as you can.

You don’t have to mention price if you don’t want to and sometimes companies like to leave the price hidden so that they can really capture interest without having to worry about people thinking it’s too expensive. The things that you should mention though include when the online product is going to be available and a good explanation of what it’s about.

As far as how you can start marketing and promoting goes, you should already have a website up with a blog as a good start. You should also be making use of the power of social media and email marketing (with permission of course) in order to create that excitement. Interactive videos are another great way to kick off a marketing campaign online.

You can have a lot of fun during the pre-launch period of your online product and you can also help increase the chances of conversions once the product is available to purchase. This is a time to meet people, interact with them, find out what they want out of your product and drive sales.