Follow simple steps to develop successful internet marketing strategy

When you are doing business online, a successful internet marketing strategy becomes an essential part of your online success. To make your online endeavor a success, you need to develop and implement a strategic plan that includes all of the following:

• A great product
• A web site specifically designed to promote and sell your products/services
• A well-planned marketing strategy

Each step plays a significant role in your overall strategy and must be developed to its fullest potential. If even one step fails, your probability of success will be minimal.

Develop a great product: This is the very first step. The best product is the one that you can develop yourself and deliver over the Internet. With today's technology, there is absolutely no reason why you cannot create a product. The knowledge you possess within your own mind is extremely important. Use this knowledge to create a product.

The key to developing a great product is exclusiveness. The product has to be unique and not be in competition with hundreds of other similar products. You must give your potential customers exactly what they want. Develop a high-quality product that can create a need to increase your chance of success.

Another important aspect to be considered is your target market. Keep in mind, the Internet is a global marketplace. Develop a product with a large geographic target and a wide appeal. A great product will fulfill a need or desire and provide instant gratification. Software, Information, Private sites and Internet services are the top sellers. Before product development you need to do some research -- find out exactly what people want and develop your product accordingly. Quality should be the most important consideration when developing your product. Your product should not only deliver what you assure, but should go above and beyond the expected. Your customers' satisfaction is of the utmost importance.

Website development: You need to develop and design a great website that can promote and sell your products/services. The key focus should be on getting your visitor to take action. Words are the most powerful marketing tool you have. Right selection of words will turn your visitors into customers. The wrong words will cause them to click away and never return.

Your words are the entire foundation of your business. Your product, your web site and your marketing strategies depend upon your words. Fancy graphics cannot do wonders, but words do. Every word, sentence and headline should have one specific purpose -- to lead your potential customer to your order page. Write your web site copy as if you are interacting with a person. Identify a problem and explain why your product is the solution to their problem. Tell them exactly what your product will do for them -- how solve their problems. Write to persuade -- that's the bottom line.

Marketing Strategy Development: Your marketing strategy is the final step of your plan. Your plan must include both short-term and long-term strategies in order to succeed.

Short term marketing strategies are the ones that bring you a temporary boost in traffic. Although these techniques are very imperative to your over-all plan, they are only a temporary traffic sources and must not be solely relied upon.

Short term marketing strategies include purchasing advertising, participating in forums, and search engines. On the other hand, long term marketing strategies are those that bring you a steady stream of targeted traffic over time. These strategies will continue to produce effective results in the long run.

Long term marketing strategies include opt-in lists, blogging, social networking sites, social bookmarking sites, giving away freebies and article marketing. By developing and implementing a balanced marketing strategy, using both short-term and long-term strategies, you will be able to generate a stream of targeted traffic to your web site.

When creating your Internet marketing strategy, consider these simple steps that can guarantee your success.