There are two fundamental ways of expanding your keyword lists:
1. 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 and also, you dominate that specific niche market.
2. Related keywords that allow you to broaden the range of market sectors that you can target. So, if you are 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. 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 do not do that, then it does not matter how extensive you keyword research is, or how effective your optimization efforts are in drawing new visitors to your website. If you can not 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 us suppose you have 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 is a quick calculation of what this means:
- 30% of your traffic comes from search engines so that is 30,000 unique visitors per month. 80% of these come from your top 20 keywords – that is 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%.
Source From Entireweb Newsletter
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