Saturday, February 4th, 2012

The Pearl – Are there such things as Internet Marketing secrets?

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I hope you enjoyed last week’s Part 3 edition of the Oyster Marketing strategy on selling.  Today I am going to talk about the 4th an final stage of the Oyster marketing technique, the pearl.

Are there Internet Marketing Secrets?

This is probably the most exciting for me to write about because it is the most mysterious.  Is there that hidden pearl online…or in Internet marketing terms, is there a secret that only a few high stakes marketers even know about?

Are there secret niches? I wonder.

What about secret keywords. Hmm…keywords that make people millions of bucks. Keywords that only certain people know how to find.  I wonder…

I am going to look into this and discuss my personal thoughts on IF there are secrets online, and if so, where do you find these hidden gems.

Before I get started, I want to quote the very first Oyster Marketing Strategy post that made the initial reference to “the pearl”.

Pearls are very rare and in fact, in my 4 years working in the oyster business, I only came across one…and it wasn’t the ideal pearl shape (perfectly round).  I guess you could call this kinda lucky (that I found one that is).

A pearl is VERY rare in the wild and….

….pearl is equivalent to hunting for something that is not there or very hard to find…or an illusion in attempt to earn a MASSIVE PROFIT.

The pearl is what most people look for, yet the fewest people ever find.  I compare it to someone looking for the “secret to success”…when in fact, the secret is that there is NO SECRET (if that makes sense).

So really, what I was saying is that:

If you are looking for some sort of Internet Marketing Secret, you are either going to grow old and grey doing so, or you are going to find something that appears to be a secret, but in actuality it is an “illusion”.

Being in the Internet marketing world for 8 years now, I have a seen and performed a lot of strategies that have worked, and on the same token, many that didn’t work.  In no way were they secrets, rather “techniques”.

I mean, if there was a secret, nobody would tell you right (unless they are really bad at keeping secrets).  Secrets are something that are private…stuff that isn’t revealed.

Do We Know of Any Hidden Internet Marketing Secrets?

Carson and I have never sought out secrets and we refrain from using the term altogether because the truth of the matter is, we FOCUS ON TECHNIQUES.

Any successful investor, any successful restaurateur, any successful Internet marketer, or any successful business person will tell you that they achieved their success not because of secrets, but because of the hard work, testing, implementation, and techniques they applied to their business.

I can honestly tell you that I don’t know any secrets.  In fact, anything that I do know I have and will continue to reveal to you as a blog post and ultimately, to all the active members at WA.   That is why Carson and I created WA…

So, all this talk about no “Internet Marketing Secrets”, but how do you succeed online if there are no secrets?

What really is Internet marketing?

Think about this for a second…

Hope you didn’t have a mental jammer there.   Internet marketing is the act of marketing something online.

Duh.

But seriously, it is the “interaction” between a consumer and a product/offer.  If you, as the marketer, can connect these two distinguished dots, you can succeed.

A consumer starts with a keyword.   A product/offer ends with an affiliate program, some sort of actionable offer, or a product that you own.

To understand the online world, let’s first look at the offline world.

Say you want to sell a hot dog…lots of hot dogs.  Where would you go looking to sell this hot dog.  Would you go looking inside a mall?

Maybe.  But there is a lot of competition there.  Ideally you want to position your hot dog stand in a place where people want your product.

Where is that?  Some place that you would find hungry people that like hot dogs.
Example: A baseball field.  Hot dogs sell well there.
Example: Outside a night club when you get all the hungry drunk people craving food.
Example: At the park where hungry business people go for a walk at lunchtime.

Now, with offline business there is a lot more trial and error to find your magic formula…or your pearl.  Remember, a pearl is not a secret, it is a well-defined technique.  In the online world, things are MUCH, MUCH easier.

Yes, you heard me say that.  We as Internet marketers have things easy.  Does this mean IM is easy? No.  But selling a dog training program online is a hell of a lot easier than trying to find the best place to sell a hot dog in New York City.

Why is Making Money Online Easier than Offline?

And the reasons why…HYPER-TARGETING.   Keywords.  Analytics.  ONE BILLION PEOPLE (with buying power).

This is where it gets really cool.

Want to sell a dog training program?  Target the keyword dog training program in Google.  You can pay for this if you like, or you can work to get your website naturally listed using article marketing and SEO techniques.

In the offline world, you would be a happy camper if you could attract only people looking for your product and only pay for these people.   I am not happy with selling my dog training product to someone looking for a dog training program though.

They are not serious enough.  These are the “window shoppers” of the Internet.

Now, in the case of dog training, I would probably seek out people that are more serious.  People that are looking for even more specific dog training.

People searching terms like:

“how to get my dog to stop digging up the lawn”
“how to get my dog to heel”
“German shepherd training commands”
“help me get my poodle to behave”

Now these people are serious.  They are the people that are in the stores, asking the clerks questions, and a tip or a piece of info away form buying something (or performing an action).

That is where you come in as the Internet Marketer.  That is where the pearl lies.

Looking back, I have had keywords that have converted for me every day.  Single keywords.  Sometimes a SINGLE keyword would make me $100 per day profit.  This is because I did a little digging…a little research, and a little marketing.

A few of the most important techniques I have learned:

  • Be relevant
  • Choose a niche that is interesting to YOU
  • Don’t sell chocolates to a dieter (research your audience)
  • Take continual action (do stuff, don’t just read)
  • FAIL why don’t ya

Yes, I did fail lots.  Carson and I fail all the time still to this day.  It is part of growing and part of the reason we can find those Pearls online.

Here are some of the biggest failures I have ever had as an Internet marketer:

  • Lost $10,000 on a keyword that I accidentally bid $10 instead of $0.10 on.  Google wouldn’t give me a refund.
  • Got lazy and didn’t update a site for 6 months.  When I did updated it, the profit explosion was insane.
  • Didn’t get into email marketing early enough in my IM career.  Would have many lists (personally) that were likely to exceed several 100,000 people
  • In my 2nd  year marketing, I had two months where I let my affiliate marketing business go and had 2 consecutive months that were not profitable. (Note that these were followed by some of my best months ever when I got my butt in gear.)
  • I spent 10 months building a site on the side that I never ended up earning a penny from because of a shift on the Internet.

I guess you could say I found out some UN-secrets.  If there were secrets that nobody wanted to know about, I found them out quickly and regularly.  However, I took them all in stride and realized that for every 10 failed campaigns or every 10 mediocre keywords, I was going to find the pearl.

Once I attained the pearl of wisdom (a well defined technique) I was able to reproduce it.  For example, once I found out (back in the day) that people liked review pages, I built them over and over.  This made me heaps of money (although the way you review products/services in 2010 has drastically changed).

To me this is not an Internet marketing secret.  This is a technique.

You agree?

If your answer is yes, you are a good person.   You will find success online just knowing that you have what it takes.

What if you think there is still some crazy secret out there that will make you a business mogul?

If you fit into this category, don’t worry…we are still friends.  I know you have likely been misinformed because there is so much misinformation out there.

Businesses claiming they can make you millions over night.  Internet marketing firms claiming that you can run your business in autopilot without investing any initial work.  Guru’s preaching to you that you need to buy their hidden information (crap) in order to survive in this NEW Internet.

ALL BULL PEOPLE.

Again, remember, if someone has to sell you in the glitz and glam, the hype, the sizzle not the steak, chances are it will not work.  And if it does work, chances are it will only be temporary.

The pearl in the sense of a secret does not exist.

But the company that manufactures the pearl does.  That company can be you.   Hunting for something seems ridiculous.  Creating something that builds the exact same success (finding a pearl) seems like a sound idea…and one that I am going to full-hearted-ly suggest to you.

I know you will succeed online if you stop seeking out the Internet Marketing Secrets.  Instead, look for and build upon the pearls (well defined techniques) that you know lie out there.  We teach those and we know that there are endless ways you can get at them.

This concludes the Oyster Marketing Series.  I hope you all have enjoyed these blog posts and as always, your feedback, comments, questions, and contributions are welcome.  Post them below.

Take it easy.  From one oyster marketer to another.

Kyle
Wealthy Affiliate
www.WealthyAffiliate.com

Comments

20 Responses to “The Pearl – Are there such things as Internet Marketing secrets?”
  1. genegem says:

    As Elvis crooned many moons ago:

    “A poor man wants the oyster
    A rich man wants the pearl
    But the man who can sing when he hasn’t got a thing
    He’s the king of the whole wide world”

    As Kyle correctly points out there are NO secrets.
    Put more simply a secret is simply a piece of data or info you don’t yet possess
    or a technique you’ve not yet learned or a skill you’ve not yet acquired.
    Those secrets are out there and they are stepping stones on your journey.

    Are there any mistakes? Well that’s always debatable and usually subjective.
    You simply find out what does work by first finding out what doesn’t work.

    We should adopt Thomas Edison’s attitude towards mistakes.
    He simply said: “I have gotten a lot of results. I know several thousand things that won’t work.”
    Think about that next time you turn on a light.

  2. Margaret Meyer says:

    Well said! I agree… there is no “magic bullet.” Success comes from effort and those lessons we learn from our mistakes.

    Thanks for being willing to share your mistakes. As a newer affiliate marketer I sometimes become discouraged with mine (especially when I pick unprofitable PPC campaigns!) It’s great to know that even an expert like yourself has gone through these struggles.

  3. Steve says:

    Hi Kyle,

    A great article. Im certainly looking for the Pearl :-) I think ive found a few but they are taking a lot of work to get very little return.

    Always good to get honest information inlcuding others mistakes. Im glad mine have not been quite so expensive so far but there are many.

    Id really like to find a coaching program that has a low start cost so that i could then self fund it over the first 6mths or so. TO many are pay $497 and youll make money ! likes thats a lot of clicks in adsense or amazon sales…

    regards

  4. AlexCH says:

    Fantastic Kyle,

    especially when you mentioned your misshaps along the way. Cool oyster angle, the secret is in the technique. Regardless if it’s ppc, seo or simple article marketing.

    Cheers
    Alex

  5. Jezz says:

    i already know about hard work i do it every day i bust my ass working for a low paying dead end job but i do earn the right to work there. i have to pay bills like every body else i would love to at least be able to pay a hospital bill they are so outrageousany more its unreal. i would like to rechannel all my efforts in to a better paying job. if i did just that hmm mankind.but i just dont know how to do it .i get on the computer and talk to people like i am you and just like you said i usually end up with the sizzle and not the stake.i have read books on marketing and they are facinating as hell to me .

  6. vince says:

    Invaluable Kyle.

    Cheers
    Vincent

  7. Louise M. says:

    Awesome post Kyle! I like the oyster concept. It’s really once you understand that you have all the cards in hand that you can really start building your own business and not waiting for a secret recipe to fall from the sky.

    aaah these shiny objects….. ;)

  8. mondo says:

    hi
    this is a cool report about searching for niche markets and it has enlightened me so much on creating more key words that could catapult sales.I agree with kyle this kind of juicy pie offered by this so secret secret secret buy my kit, i will show you Gurus, does not exist.I have come along so many of them and all i have done is loose big.I have learn t to take my time and play safe rather than be sorry .the only guys i have come to trust and feel safe is on wealthy affiliate university. cheers kyle and Carson

  9. Chris says:

    Thanks a lot for the follow up Kyle. I appreciate your advice!

    Cheers

    Chris

  10. Kyle says:

    @ Cian

    Yeah, everybody gets burnt sometimes…unfortunately I had the budget within my Adwords account to allow for this type of PPC adspend, but you live and learn. And regarding the Internet Marketing Secret that everyone should know (Shhhhhh….), build a list. Like the crazy Apple groupies out there, if you have a following, you can put out anything or recommend anything and people will buy it….no purchasing decision required.

    Cheers,

    Kyle

  11. Kyle says:

    @ Chris

    The way you should review products has not really changed…what is allowed in Google has changed. The problem in the past is that people would review products and give the highest ranking to sites/services/products that paid the most, purely because they well, paid the most. The best way you can review a product or service is to (a) research the product yourself (b) offer both pros and cons to the product (c) be realistic and think of yourself if you were on the receiving end of the review (ie, am I being scammed) (d) use the product. That is the approach I would take. If you qualify with 3 or more of those, that would be pretty good.

    Cheers,

    Kyle

  12. Mike Gervis says:

    oh my lord, you’ve touched a cord in me Kyle. It’s funny looking at how much i’ve spend on other products thinking that there is something new or some hidden secrets only to find out that there are none.

    There are none guys…

    Do as kyle says!!

    Thank you so much Kyle,

  13. Cian says:

    As always another great post.

    But geesh…losing $10,000 on a keyword at $10 a click….not cool.

    However your point on have an email list is soooo valid.

    If it’s one thing I’ve learnt from being a WA member, it’s that having a list, building a relationship with them, and providing with uber quality content and products is the way to go.

  14. Chris says:

    Thanks for the great info Kyle,

    You said that the way to review products and services has changed drastically in 2010 – would you mind giving a very quick summary of what has changed and what is “best practice” in 2010?

    This would really help me, and hopefully other newbies, a heads up on the best way to write a review site based on the latest techniques.

    Thanks…

    Chris

  15. Tobin Crenshaw says:

    Thank you for a great article, I have been very interested in key words after reading and hearing so much about them.

  16. Rosman says:

    Great post. Coincidentally I just watched “The Secrets” video yesterday night on the law of attraction . Just got to understand what the secrets is about. Got excited and remembered about a domain name that I owned . Immediately setup a blog/squeeze page, with the intention of creating an info product that will be as powerful as TheSecrets.
    Will you lend your hand to help me create the above dream?

    Rosman
    Former WealthyAffiliate student.

  17. Brandi says:

    That is true its all about hard work

  18. Alex says:

    Great post Kyle.

    It’s funny that these days the real secret is that there are no secrets. :D

  19. Newbie affiliate marketing says:

    Hi Kyle,
    great article. Make money online quick just does not exist.

    It’s all about hard work and endurance.

  20. Chris72 says:

    Hey Kyle, more great info.

    Thanks for sharing those ‘failures’, makes us all feel way better knowing that y’all are human too!

    You are right, I’d much rather be marketing online where people are actually looking for my products – without the hassle of traffic, air travel, endless salesperson questions or trying to figure out how they are going to get their unruly Doberman cross into my training ground without getting hit by a car or dragged through the mud!

    Chris

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