Wednesday, May 27, 2009

ow exactly is money being made online?

Q. How exactly is money being made online?

To understand how money is being made online, you need to understand two important online marketing terms:

Traffic = The number of people who visit a website.

Conversion Rate = The percentage of website visitors who decide to buy or signup on that website.

For example, a website with daily traffic of 10,000 visitors and a conversion rate of 2%, selling a $20 product, will generate $4,000 per day to the website owner. (10,000/100*2*20)

To make money online you need to focus on promoting the website, getting as many people as possible to visit the site (increase traffic) and continually work on the website sales copy and the product/service being offered to get as many website visitors as possible to buy (increase conversion rate).
Where to Start

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