Dosh Dosh:
… For the entrepreneur, every website is a tool that can improve your existing websites or expand your collection of money making ventures. Here are some methods to get the most out of the sites you visit:
* Harvest Ideas from different niches. What concept or idea can you take from another website and use it for own projects? Look at what makes a specific site stand out within its niche and apply the same methods to your own site. Cross-niche research is a great way to develop attractive value propositions for your targeted audience.
* Usability and Design. Look at how other websites handle their site design and overall structure. Study how they set up their presell pages for sales or signups as they will help you to improve your own site conversion rates. Do not steal their designs but absorb the principles which make their website work. Apply these usability guidelines and design ideas to your own site.
* Business Model. One question I always ask myself without fail when visiting every website on the web is ‘How does this website make money?’. Examine the web site’s business model to find out the source of their income and discover what makes them sustainable and profitable. Seek to apply the relevant monetization or income model on your own website.
* Cause for Popularity. If a website you are reading is popular within its niche, try to understand what makes them popular. If they are a competitor, find their source of traffic and use it to your site’s advantage. Find out what endears users to the specific brand and how it attracts its target market.
* Appropriation and Cooperation. For every website you come across, try to focus on two main things: Firstly, focus on mutual benefits by seeking opportunities for strategic cooperation on any joint projects. Secondly, ask yourself how you can appropriate and improve the features currently offered by this website. Examine what they are missing and seek to plug that gap by producing the service on your own website.
* Advertising Venues. Every relevant website you visit should be considered as a possible advertising venue. Jot down their advertising details so you can purchase ads for your projects in the future. Alternatively, every website you visit is also a potential ad buyer for private ad space on your sites…
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