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The Secrets to Keywords - Expanding
Your List
The Primary objective of a business
website is to attract potential buyers and convert them into paying customers.
Relevant keywords allow you to fulfill this primary objective. They help you
attract relevant traffic that want to buy the types of products you have to
offer, however, the more relevant keywords that you rank well for, the more
business you will do. By effectively expanding your keyword lists, you expand
the potential market for your business.
There are two fundamental ways of
expanding your keyword lists:
* Long tail keywords that give you depth
and allow you to dominate a particular market - so, moving from 'chocolate' to
'chocolate gifts' to 'corporate chocolate gifts'. These long tailed keywords
tend to have a smaller advertiser competition, therefore you get a better PPC
price, also, you dominate that specific niche market.
* Related keywords that allow you to
broaden the range of market sectors that you can target. So, if you're selling
gourmet chocolate, you may find opportunities in related keywords such as
'truffles', 'fudge' or 'luxury foods'. Related keywords can make you aware of
markets that you might now have considered. So in building your online business,
you need to make sure you have an effective sales process in place. Do that and
you will have real benefit from expanding your keyword lists.
You need to convert people who arrive at
your website into paying customers. If you don't do that, then it doesn't matter
how extensive you keyword research is, or how effective your optimization
efforts are in drawing new visitors to your website. If you can't convert a
visitor into a customer then your efforts will be doomed to failure.
Only when you have got an effective
sales process can you get the real benefit from expanding your keyword lists.
And when you have that sales process in place, like any business you will want
to expand. You could add new product lines, associated products and other ways
to expand your potential income from each of the customers you attract.
However, before you embark on the path
of product development you need to be sure that you are getting maximum return
from what you have already. Let's suppose you've got a website that performs
well - you get 100,000 unique visitors per month and you have a conversion rate
of 3%. That equates to 3,000 paying customers per month. Not a bad business
situation to be in.
Now look at your log files. From these
you see that 30% of your traffic comes from search engines. Dig a little deeper
and you find that 80% of this comes from around 20 good keywords. Here's a quick
calculation of what this means:
* 30% of your traffic comes from search
engines so that's 30,000 unique visitors per month. 80% of these come from your
top 20 keywords - that's 24,000 per month.
* With a conversion rate of 3%, those 20
keywords bring you 720 paying customers every month. Now, if you could find
another 20 keywords that perform just as well, then you could add another 720
customers, giving you a total of 3,720 customers per month - an increase of 24%.
And if you could achieve this growth
once, could you do it again? Of course, the answer to that depends on the
potential in your marketplace but the underlying principle is that good keywords
will bring additional revenue to your website and you really can't get too many
of them. |