Ways to Make Money on the Internet
There are several ways to make money online. Hopefully this article will help you decide which method is best for you.
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1. Become an Affiliate
This is the only way Ive ever made money on the Internet and one of the most convenient. As an affiliate you refer your audience to various company websites, and when a sale is made you earn a commission.
You are the middleman (or middlewoman) so you donve generated.
Almost all affiliate programs are free to join. It usually involves filling out a sign-up form and within moments the company sends you the links you need to use on your site or blog.
The key is to choose a subject you love (hobby, passion, topic, etc.) and build a content-rich, informative site or blog about it.
Finally, you can go to sites like AssociatePrograms.com to search for related affiliate programs to join and promote from your site.
Heres an example. Say you love fishing. You could create a "how to" site on fishing that provides all the tips and techniques one needs to become a successful fisherman.
First youd have to read up on SEO (search engine optimization) to learn how to get your pages ranked high in Google, Yahoo, Live, etc.
Then youd make money by joining affiliate programs that offer fishing related products. Link to these products from your site and earn commissions when your visitors buy through your links.
You can also earn money from programs like Google AdSense or having other Webmasters advertise on your site. The possibilities are endless! Thousands of people (including myself) make a living from affiliate marketing.
2. Sell Your Own Product (Hard Goods)
This is often the most common method people think of when it comes to making money online. In fact, many people think its the AH Handbags best way to earn a solid, long-term income.
I do agree that it can be the most lucrative approach, since having your own product means you directly control how much profit you make.
However, there can be some headaches with this method. For example, you are in charge of everything. Selling your own product means you are responsible for customer service, collecting orders/payments (credit cards), developing and shipping the product, etc.
Note: Thanks to companies like PayPal, the "collecting payment" part has gotten a lot easier.
In addition, its usually a good idea to setup some kind of business name, although it is not necessary.
Selling a product can be a lot of work, especially if youre new to marketing. However, once those sales start rolling in, you can build a steady, long-term income.
3. Sell Your Own Product (E-Goods)
An e-good (short for electronic good) is a digital product that can be easily transferred or downloaded via the Internet.
No need to worry about running out of inventory because Gucci Joy the digital format rewards you with an unlimited supply of your product!
Lots of Netpreneurs sell e-goods because they are much easier to manage. You dont have to ship the products. Customers can either download the product immediately after ordering, or they can be sent via e-mail.
E-books are Giverchy Handbags the most common type of digital good sold on the Internet. They are often created with software like Adobe Professional (PDF) and then uploaded to the Net with ease.
Jim Edwards created a useful guide that shows you how to create your own e-book in 7 days.
When I bought the book, I had to admit I was a little surprised. I am normally very suspicious of these "how to" books because they often contain regurgitated facts you can find anywhere on the web for free.
Jims book is different. There are over 180 pages of useful information and even interviews from other authors sharing their experiences with selling their own e-books. So you can learn and get ideas from them.
Jim also gives you excellent advice on how to pick the right topic for your e-book. So if yout know enough about anything to write a good book." Think again. I bet Jim will change your view and fill your head with ideas.
4. Start an eBay Auction
Who doesnt have excess stuff they need to get rid of? A lot of people make money on the internet by opening up an eBay auction site and selling things from their home.
With this method, no website is needed. All you need to do is sign up for an eBay account and go from there.
I wonll let the eBay experts have this one.
Speaking of experts, John Thornhill wrote a book on how to profit off eBay and become a successful PowerSeller like he did.
You may find this book useful if this is the approach you want to take. Nothing like learning from someone who has actually been there, done that.
5. Sell a Service
Are you a writer? Web programmer? Consultant? Do you perform any sort of service? If so, you can sell your services right through Elance.com.
Whats cool is that Elance facilitates the entire work process from hiring to collaboration to payment. In other words, they will connect you with people who need you!
6. Dropshipping
Dropshipping is where the retailer does not keep goods in stock, but instead transfers customer orders and shipment information directly to wholesalers, who then ship the goods directly to the customer.
So lets say you want to sell handbags from a certain company. You would buy the products at the wholesale price, collect the money from your customs and the manufacturer then ships it to them.
WordWideBrands.com is a company that helps you do the research to find what people are buying, tells you where to buy it and finally how Gucci Joy to sell it.
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