As a trader we are now officially in the quiet period, some still sell in May and go away, others hold on to their stock but expect minimal profits, even more concentrate on other areas of business; for me that means looking at improving my websites and increasing traffic and looking at ways to increase sales on Amazon, but it’s far from easy work.
One of the great things about financial spread betting is the fact that you don’t have to rely on your position in the search engine results to make money! Obviously if you have never tried to make money online that statement will mean very little but for others like me it’s a huge factor.
When the internet was new and evolving the world seemed so much bigger, like it really was a world wide web… but if you think about it now, the internet revolves around Google! And if you’re shopping, Amazon and eBay… Nine times out of ten if you are searching for any sort of physical product, be it a Sun Hat or HD TV the Google results direct you to Amazon or eBay so you may as well just go straight there. If you’re researching something specific like Gandhi the top listings on Google regularly point you to wiki.
So if you’re serious about making money online you need to be selling physical products on Amazon or eBay, trading the markets, or have a real niche site or product that will get to the number one spot with ease. It seems a bit sad to be honest but it’s true. Long gone or forgotten are all the other search engines by most… GOTO, Altavista, Dogpile to name a few. How often do you use another search engine other than Google?
Don’t get me wrong there are lorry loads of money to be made online but you have to be realistic as to where you are going to make it. As I have recently told you I have swapped eBay for Amazon and although it’s been a learning curve I can see it being a really smart move. Amazon is so much better than eBay in so many areas its unbelievable, and the biggest factor is that they send out your products and handle customer service… So you get a lot more time to concentrate on the important business or recreational things you wish to do.
As they say on the stock exchange “don’t buck the market” but it can be aptly applied to building a business online. If you’re not on the front page of Google you’re not in the race and if you’re not selling on Amazon you’re missing sales!