4

3 Reasons You Should Take Risks on a Marketing Campaign

A lot of marketers only work in the saturated markets, promoting well known products or services. Obviously, if the market is very large and the products are selling, there is money to be made.

However, taking a risk on a campaign could lead you to an absolute goldmine. Here’s why.

Reasons to Take Risks on a Marketing Campaign

1. Margins

Bringing something fresh to a stale market can mean many different things. If you know your market well enough, you will see a high click-through rate, high conversion rate, and of course – big margins. When it comes to margins, size matters. I know for a fact that this tactic works. I have been the first to enter certain markets with certain campaigns and reaped 150%+ ROI. It’s not a guarantee, but there is a VERY high chance for success.

It is important to remember though, just because you are taking risks and entering new markets or bringing a new product/service to an existing market, there are no guarantees. That’s why it is risky.

2. Knowledge

If you are ever questioning whether or not a certain tactic works, try it out! I cannot tell you how many times I have come up with ideas that I think are going to work very well only to find out that it was a massive flop. However, if I believe in the tactic, I will use it again on another campaign. Don’t let failure hold you back. Try it again. There have been times when I thought a certain tactic would work very well with my traffic, and it didn’t. On the other hand, there have been times when I thought it would not work at all and it went very well.

3. Growth

Whether the risk you take is trying a new market, or marketing a new product/service to an existing market, you may find that you developed a tactic you could use to promote other campaigns you run or may run in the future. Using the knowledge gained, you can intelligently grow your campaigns and diversify your business. Staying ahead as an Internet marketer means you have a diverse portfolio. Growth promotes adaptation, which is the better of the two choices: Adapt or die.

Final Thoughts

Step outside the box a little bit and stray from the typical traffic sources, offers, and networks. Try something new and you might just find your biggest campaign of the year.

------------------------------------------------------------------------------------------------------------

Related posts:

  1. 5 Reasons You Should Not Copy Someone’s Facebook Campaign

{ 4 comments… read them below or add one }

PPC Ian May 8, 2010 at 4:18 pm

Awesome post! When I’m not managing big corporate campaigns in competitive markets, I like to test new verticals/strategies in my spare time. As an affiliate, my best site is in a very non-traditional vertical with not a lot of competition. I continue to look for more of these opportunities. Great blog, keep up the great work!

Reply

Jeremy May 8, 2010 at 6:13 pm

Thanks for the kind words Ian. I definitely agree. Mini-sites can be some of the most lucrative opportunities if you can manage it properly.

Reply

Romane Knight February 23, 2011 at 12:56 am

I really enjoyed reading this post. Just thought that you should know.

Reply

Jeremy February 23, 2011 at 1:48 am

Thanks man, I’m glad you did!

Reply

Leave a Comment