If you’re in business for yourself, then you know how critical marketing is to the survival and long-term health of your business. You MUST have a steady flow of customers coming into your business, or else you’ll struggle to keep the lights on.
Unfortunately, a lot of businesses struggle with marketing. And today, I’m going to simplify the 3 main reasons why marketing fails.
Cause of Failure #1. Not Enough Traffic
This one’s pretty obvious. You can’t make sales without traffic. (By “traffic,” I mean new website visitors.)
Question: Where’s the best place to start getting traffic?
Answer: We almost always recommend starting with search engine marketing because you can get in front of people who are eager to buy what you’re selling.
Question: Should you start with search engine optimization (SEO) or pay per click (PPC) advertising?
Answer: Either is a good choice, but it depends on your situation.
If you have a budget to work with, then we suggest using PPC right away (and specifically, we recommend Google AdWords) because you’ll get traffic faster. The advantage of advertising is speed.
Meanwhile, we also recommend you invest in SEO, as early as possible. SEO is one of the best marketing investments you’ll ever make. Just know that it will take some time before the traffic starts to accumulate. If you’re starting from scratch, you’ll most likely be waiting at least 30 days before seeing significant increases in your traffic.
Here’s another key point: NEVER rely on just 1 source of traffic, or you’re putting your business at risk.
But of course, traffic is only one aspect of effective marketing…
Cause of Failure #2. Not Enough Conversions
No matter how much traffic you’re getting to your website, your marketing efforts will fail if you can’t convert website traffic into paying customers.
If your conversions are really low, then the first thing to assess is the quality of your traffic. You need to focus on attracting people who are able and ready to buy what you’re selling.
Assuming you’re getting quality traffic, then the next thing you should look at is your offer. Take a look at what your competitors are offering and make sure that your offer is competitive or superior. How does your pricing compare? Can you offer a stronger guarantee? Etc.
However, even if you’re generating a lot of leads and sales, your marketing will still fail if you’re making this common mistake…
Cause of Failure #3. No Tracking
Do you know which of your marketing efforts are working to attract new customers and which aren’t?
In other words, do you know what marketing investments have the highest and lowest return on investment (ROI)?
If you answered “No” to either of those questions, you’re not alone. As far as we can tell, most businesses do NOT track their marketing properly.
And it’s easy to understand why… Tracking sounds kind of boring. It sounds like hard work.
However, tracking is essential to effective marketing. Plus, there are tons of tools that make tracking easy. And I promise you that tracking becomes a lot of FUN when you start actually making money with your marketing.
The 3 Pillars of Effective Marketing
So, in summary, if you want to generate a consistent stream of qualified leads and new paying customers, you MUST have all 3 pillars in place.
1. Traffic: You need new visitors to your website
2. Conversion: You need to convert visitors into qualified leads and paying customers
3. Tracking: You need to know what’s working (and what’s not), so you can maximize your return on investment (ROI)
If you’re lacking any of those 3, then you’re setting yourself up for failure.
Help Is On The Way…
If you’re frustrated with your online marketing results, or if you’re looking to take your online marketing to the next level, we’re developing a NEW resource that I think you’re going to love.
This new resource will help you clarify your very best marketing opportunities, so you start getting more traffic, converting more leads, and increasing your sales ASAP.
I can’t say much more at this point because Phil and I are still working hard on developing it for you — it’s still “under construction.” But we’re really excited to share it with you.
(In fact, I’m so excited about it that I’m going to spend a good chunk of this weekend working away on it for you.)
We’re hoping to have it ready for you in about a week.