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How to Make Yourself a Money Magnet Website for doing Business Online

How to Make Yourself a Money Magnet Website for doing Business Online

After being online for more than a day, you've definitely come across some "guru" who suggests that you construct a Money Magnet Web Site, which is an online business that is fully automated and allows you to earn money at any time of day or night. While it may *appear* to be a good thing, what they often neglect to teach you is HOW to go about doing it.

In this essay, I'm going to give you all you need to know!

To begin, what exactly is a Money Magnet Web Site? In order to be the most lucrative with the least amount of work, a Money Magnet Web Site is one that is equipped with an integrated suite of both e-commerce and internet marketing tools in a manner that allows you to be as profitable as possible.

Most e-commerce systems are equipped with the following essentials: a shopping cart, the ability to accept and process credit cards, a product maintenance system that allows you to add and alter goods, and an order retrieval system that allows you to complete orders placed via the system.

Marketing tools, on the other hand, are something that the majority of them lack. In order to build a successful e-commerce website, several marketing strategies are required: email marketing (broadcasting) of prospects/customers, effective use of autoresponders (generating automatic email messages), online newsletter, online form/survey to capture your prospect's email address, electronic product delivery (if you sold a digital product), advertisement tracking, back end sales, and affiliate programs.


A Money Magnet Web Site, on the other hand, would be created if you had a system that would allow you to integrate ALL of these marketing techniques in addition to the required e-commerce requirements. Indeed, studies have shown that it takes an average of seven or eight advertising exposures before potential clients actually make a purchase. Pretend you're in the following situation:

A prospect views advertising in an online magazine and clicks on it. This action increases the value of a counter associated with this specific advertisement, which may be used to assess how well it is doing. They do not make a purchase decision at this time, but they do subscribe to your newsletter. They are now believed to be a possibility. You begin to send them a monthly email newsletter to keep them informed. Additionally, an autoresponder is activated to thank them for joining the newsletter, as well as to schedule them to receive emails twice a month for the following 90 days, repeating the advantages of your product and urging them to make a purchase from you.

Finally, once you give them one of your "appetizing" offers that they couldn't resist, they make the buy. These individuals will have their information automatically removed from your prospect list and added to your customer list.
The customer will then get a series of emails every two weeks for the following six months promoting related items and services based on the specific product or service they have bought. This will serve as the engine that drives your back-end sales and ensures that your clients return to your website time and time again.

It would be very spectacular, don't you think, to be able to play out a situation like this with a single integrated system? The pricey e-commerce platform suites provided by manufacturers such as IBM, Microsoft, and Oracle are used by the internet's big players to do this. Having your system automatically conduct these follow-up chores frees up your time so that you can devote more attention to your company, your health, or your family.

In order to acquire a money magnet website, you must first choose what you want

Fortunately, there are methods by which you may automate your website in a manner similar to that used by major corporations. If you want to sell your products online, the most efficient and cost-effective method is to join up with one of the handful of Application Service Providers (ASPs) that are accessible on the internet and who can give a shopping cart combined with a complete suite of marketing tools. In most cases, the shopping cart and features are quite adaptable and may be easily integrated into any website.

Is there an alternative to partnering with a whole solution provider in order to automate your company processes?

You can achieve some amount of automation without a fully integrated shopping cart system, but it will need human involvement and, of course, it will be insufficient and unfinished. If you own an e-commerce firm, your email lists are the most valuable asset you have, in my opinion. So instead of focusing on how to "improve" your current e-commerce website, concentrate on how to establish an effective autoresponder/list server system. There are a number of excellent options available on the market.

You should look for service providers who allow you to do things like: create multiple lists, add prospects manually or via a web form, email, or through a management console, send out an unlimited number of autoresponder messages, send out an unlimited number of email broadcasts, or set up and distribute a newsletter.

When you're building up your autoresponder system, make a list for "prospects" and another for "customers" so that you may segment your contacts. And now comes the tricky part: when someone purchases your product, you will have to conduct the additional step of getting into your autoresponder system and manually removing them from the prospect list, and adding them to the customer list. Your customer autoresponder series of messages will then be delivered as a result of this action being taken.

To summarize, automating your marketing engine as much as possible and driving your prospects and consumers back to your website are the keys to developing a successful e-commerce website. This will undoubtedly result in the creation of a money-making e-commerce website for you!

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