What to do with your domains during a recession?
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Barry Goggin October 15, 2008
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During difficult financial times, taking a hard look at your
portfolio is a prudent thing to do. What can you do to recession-proof
your portfolio? I already touched on strategies that are recession
proof such as targeting the wealthy using premiumization.
Website development
Website development is another way to bolster your portfolio.
Starting with the lowest earners makes most sense and should be the
place where you make most gains. Take advantage of the long tail
searches by placing plenty of text on each page targeting sets of
keywords.
Long tail searches
Long tail searches are those outside the broad popular searches that
describe your topic or product. Lets say you are selling Doc Marten
boots and your customer is looking for black Doc Martens with 14 holes.
Searching with all those terms nets you 330,000 results, searching for
“black Doc Martens” nets you 686,000 and searching for “Doc Martens”
gives you 6,290,000 results.
The first point is that competing for attention among 6,290,000
results is going to be tough and secondly your chances for conversion
to a sale are lower. The person with a search for black Doc Martens
with 14 holes knows what they want and are motivated to buy when they
find it. The person searching for Doc Martens could be looking for any
type or just checking out what they are which is much less likely to
result in a conversion.
Building out a domain
You want to start with keywords that are broad and popular and
target pages to these. Repeating the keywords too many times or in
unnatural ways is called keyword stuffing and can cause penalties in
the search engines. It is better to include them towards the top of the
page and in a sentence structure that is natural and normal for your
visitor to read.
Next you can move to less focused pages with plenty of text that
should catch some long tail traffic. Using our example, you could
provide a page with a photo of 14 hole black doc marten boots with the
text and have it included in the Google images search. Make sure you
provide the appropriate alt text with the photo.
Making money
Decide what revenue model you are using such as affiliate marketing,
selling products physical or virtual or PPC. The first two models
require calls to action where you motivate the buyer to purchase from
you now. Much has been written about this and you can find plenty on
this topic on the web.
I find PPC works best on pages that are specific but others have
found vague pages work best for them. So it is probably best to
experiment at first to see what works well in your sector. I have found
that over time higher payout ads work well with pages that cover a
specific topic triggering the showing of these particular ads. Also
certain sector ads pay out more per click than others.
Long tail again
Once your site is up and running, monitor the searches used by your
visitors. These can be great sources of information for new web pages
targeting those long tail searches. They can also provide inspiration
for new related topics which can bring in new visitors from organic
search.
WordPress website development
I usually use WordPress or WordPress MU for website development. I recently picked up BoneThinning.com and
have just started development using WordPress. The main graphic is
completed and I decided on a theme I liked and am in the process of
laying out and adding content. Then i will customize the widgets, put
in ads and then promote the site to develop links.
The graphic cost $2 for 2 photos and 5 minutes of Photoshop time.
The theme customization will take about 15 minutes and ad placement
about the same. The longest time will be spent writing the content and
developing links.
I have laid out the basics of my process in the e-book for sale on
the right hand side of this website. It does not require major
technical skills to produce a website similar to BoneThinning.com and I
walk you through the process using screen captures. Best of all,
WordPress is free software so the only costs i incur are the costs of
photos to make graphics.
I am working to develop the low revenue end of my portfolio to recession-proof it. Maybe its time to take a look at yours? |