Internet Marketing has been around ever since the internet first came online. Imagine being able to go back in time knowing what you know now (or at least observering what other people have done and copy it) how much damage you could do.
In the beginning, it was mostly companies getting their web presence online with very basic websites.
A lot of banners were placed on other websites and today we’ve become somewhat “blind” to these banners. Some of these you would laugh at if you were to have a look.
For fun, take a look at waybackmachine.org and enter any site, say microsoft.com for example. You will probably laugh at what you see if you go back several years.
As Internet Marketing Developed from the Stone Ages
Quickly as more people came online companies started to take notice and and slowly e-commerce sites were born. An e-commerce site is basically a site where you can make a purchase from, to put it simply.
Internet marketing has become an increasingly important part of every businesses (or individual’s) strategy. For some online businesses it’s essentially the only form of marketing that is being practised.
What is it Used For?
Internet Marketing is used for one or more of the following:
- To communicate a message about itself, it’s products or services
- Conduct demographic research of the needs of potential customers
- Sell goods or advertising space over the internet
Internet Marketing Components & Strategies
There are several components and strategies with internet marketing and how you can make money online.
1. Setting Up a Website/Blog
This consists of creating a website with text, images, a possible opt-in box to capture email for sending out information/sales as a means of capturing leads.
It will also have an “About” section which discusses the companies business and what benefits the site may have for potential customers. It may even have a direct purchase link to sell products/services.
Check out my guide for setting up a website/blog. If you have a passion for something, turn it into a blog. Do your research first to see if your market is big enough and most importantly, if there is a product you can sell in your niche either through affiliate marketing or dropshipping.
2. Affiliate Marketing
This should have it’s own page dedicated to it because it’s a huge topic. Affiliate marketing is a very simple, yet low cost and profitable business model to get into.
Basically you are promoting other people’s products and when you make a sale, you get a commission. The amount of products to promote is unlimited. The best part of affiliate marketing is that you don’t need to store any products, have any employees or an office.
All can be done from your home or on a laptop at Starbucks. It’s one of two of my most profitable business models.
If you are looking for the best affiliate marketing course that actually doesn't suck, then check out my list of recommendations. I'm a member of these courses and I don't recommend anything that promises the world and delivers nothing.
E-commerce is a massive market. The richest man in the world – Jeff Bezos, owns Amazon. You probably won’t ever be able to compete with Amazon but you can set up your own e-commerce dropshipping site with Shopify. The way how it works is like this:
- Set up your site
- import products from 3rd party vendor
- markup products
- Create ads on Facebook (or other platforms)
- Make a sale
- Order product from site and ship to customer
Like affiliate marketing, you never need to store the products but it’s slightly different as you need to place the order with the vendor, then the vendor sends it to the customer – hence, dropshipping.
It’s a great business model that I too am actively engaged with. Click here to see my review on my #1 eCom Course pick.
4. Search Engine Marketing
This is marketing the site online through search engine optimization, or SEO – where a site’s natural ranking is improved. Much more information will be provided here about these tactics in future articles. Here is another article I wrote on SEO.
5. Pay Per Click
A potentially costly but effective component of Internet Marketing is Pay-per-click ads. This can get your site on page one in an instant.
6. Email Marketing
Email marketing is a method of distributing information about a product or service or for soliciting feedback from customers about a product or service though email. Mass mailings can be done with offers related to the company’s product or services. It’s really the offline equivalent of direct mail marketing.
7. Press Releases
This involves placing a newsworthy story about a company its web site its people and products or services with an online wire service.
8. Blog Marketing
This is the act of announcing opinions, having discussions, or making announcements in a discussion forum and can be accomplished by creating your own blog.
You make money by including affiliate offers with the product or service you are blogging about.
9. Social Media Marketing
Social Media Marketing can involve social networks like Twitter, Facebook, Linkedin and social book marking sites like Tumblr or Stumbleupon. Here information is shared across the network where people will like in comments on your posts or stories.
There are also paid options here for example, ads on Facebook – which can be very profitable and is usually used for e-commerce and affiliate marketing.
This is the newest form of marketing today. When you visit a web site that sells a product you need be looking for it will place a cookie in your browser. Even then next day as you search online you may see that ad appear on an unrelated website. It is a way for marketers to remind you of products you have been looking for.
Of course there are many other components to Internet Marketing and I will discuss this in different articles on my website. These are the main points that I wanted to hit for now so hopefully I have given you some insight on what is internet marketing.
10. Video Marketing
If you’re not doing video marketing you really should be looking to your competition and see what they are doing. Chances are they have a YouTube channel or at the very least, a video on their website advertising their product or service.
If you aren’t good at creating videos, there are a plethora of tools out there such as Camtasia, Power Director and so on.
There's a lot of options to choose from if you are interested in internet marketing. What's important to understand is picking something you are good at. If you choose the wrong business type, it could result in failure. Choose something that matches your personality. It will give you the best chance to succeed.
If you are looking to start an online business today but not sure what to do, check out my top 7 business ideas.
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