Monday, December 1, 2008

The Advantages Of Free Vs Paid Online Advertising

By Kylon Trower

The bottom line is that you absolutely have to market and advertise to have success in the online world. If I were to break it down, I would say that seventy to eighty percent of your time should be focused on these activities. The age old question is which is better, paid or free advertising?

Here is my take having used both forms of advertising successfully. There really is no such thing as free advertising. Time is money and you are either going to spend the money upfront or spend the time to make it happen. The real question is how much is your time worth?

For the sake of this article, let's call them automated (paid) vs. manual (free) advertising. That said, there are many ways you can use both methods and neither is necessarily better than the other. The real key you must first determine is what works best for you and what are you comfortable with.

There are some pros and cons to each from each type of advertising but I think the concept that you must keep in mind is effectiveness. If something is free and it doesn't work very well then that is of no benefit to you. Compare that to a paid ad that works and I'll take the paid ad every time.

The advantages of manual (free) advertising based on my experience is it allows you to test your marketing strategies without losing your shirt. There are also many free advertising sources that provide a long term effect like article and video marketing. When considering free methods I would strongly recommend opportunities that are leveraged and provide long term benefits like viral or search engine marketing.

When it comes to automated (paid) advertising I recommend starting small and gradually building up to larger marketing campaigns. This allows you to test the waters and improve your conversion ratios as you go. This will also allow you to accomplish other things in your business while your advertising consistently runs in the background.

Now regardless which way you decide to go I recommend you set up tracking systems so you can test your results. Not knowing what's working and why it's working is one of the worst positions you can be in as a marketer. When you understand the source of your results you can make wiser decisions with both your time and money.

Your time and budget will ultimately determine which advertising methods are best for you. I suggest trying a few methods that interest you and use them until you feel comfortable and somewhat proficient. Don't try to do a little bit of everything as this does not work. Pick something, stick to it and then move to another method while tracking your results throughout. - 16089

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