money making ideas to earn online
Essentially there are 5 tremendously powerful methods to make money
online. These methods were not always available but have only become
available due to the large amount of internet commerce being
conducted each and every day online. While it is possible to make
money, and lots of it, using other methods, these are in my opinion
the best for 3 reasons. First, they are some of the cheapest methods
around. Imagine running a business for an entire year where your
total cost was less than $1 a day. Secondly, these methods are fast
to implement. Some of the methods can have you up and running in
hours, if not only a day or two. Lastly, these ideas are simple.
When it comes to working online, simpler is better and complex is
dead.
The 5 Best Money Making Ideas.
ONE. Making Money the Google Cash Way.
Google Cash is a term coined by Chris Carpenter. In his amazing
ebook, he teaches you how to start a profitable advertising business
by using Google Adwords to promote products to people using the
Google search engine. The strategy is simple. You create ads to
attract interested people. When they click on your ad you are
charged for that click. The visitor is directed to your site where
you can sell them your product or someone else's. The advantage is
you get to leverage the Google traffic. You can purchase clicks for
as low as 5 cents. Lastly, done properly, you can test dozens of
different ads and campaigns allowing you to perfect your selling
system.
TWO. Making tons of money selling someone else's stuff.
Affiliate marketing is the manner in which you market a product for
someone else, known as the merchant. In return for providing a
qualified buyer, the merchant agrees to pay you a commission. The
beauty of this type of business is that you can take advantage of
hot products, you can easily create a large cash flow by setting up
dozens of small income streams promoting hundreds of products. In
other words, the business is scalable. Once you learn to make money
selling a product for one merchant, you can reproduce that for
another. For this to work, the critical step that you need to master
is getting traffic. An absolute master, who I consider the king of
the affiliate business is James Martell. He is the author of The
Affiliate Marketing Handbook (newly revised for 2005). James has
hundreds of income streams and can teach anyone how to promote and
sell products for merchants online.
THREE. Turn Treasure into Dollars with eBay. eBay Blog
In case this is your first week using the internet, I will briefly
explain eBay. They are the world's largest online auction system.
People from all over the world, lots of people, using it each and
ever day to sell everything from toasters to Hummers. In order to
make money on eBay, you research what is selling at the moment,
source that product for at great price and then start creating
auctions. Of course, that all sounds easy, but the truth is there is
a lot of work involved, especially if you have to ship all those
products from your house. If you are organized, can research or can
use the software to do that research for you, and can negotiate with
suppliers than you can really make money with eBay.
FOUR. Drop Ship It. Dropshipping blog
The thought of storing boxes and boxes of products at your house may
have you running away from eBay. Thank goodness there is something
called Drop Shipping. A drop shipper is a wholesaler who will sell
you their products at near wholesale prices and ship them directly
to your customer. World Wide Brands maintains a directory of
wholesaler and drop shipping companies giving you access to over 2
million products to sell on eBay. The good news is that once you
have access to your own products, you can now use the first three
methods to market them. Do you see the power now? Maybe you used the
first two methods to market someone else's product. Now you can get
a better profit margin by drop shipping your own products using
these same methods.
FIVE. Write yourself rich.
The first 4 methods involved selling someone else's products for a
commission or profit margin. If you want to make the most money, you
have to produce and sell your own products. An exceptional item to
sell online is information. In particular, ebooks, software, audio
and video products have incredible profit margins. But, you think,
you have no writing skills. What are you to do? Easy, hire people to
do the work for you. This is an amazing way to leverage the skills
of someone else. Pretend you have an idea for a new software
program. There is a site online called Rent a Coder where you can
hire people to work for you. Depending on your product idea, you can
get the software coded for $100, $200, maybe even $300. Then the
product is yours to resell. You can keep 100% of the profits. You
can do the same thing writing a book. Steve Manning offers a free
course that will teach you how to write a book in as little as 14
days. I know that sounds to good to be true but it can be done. Most
of Steve's students take longer than that on the first book but many
admit that they can do it faster by preparing better at the
beginning.
There you have it. The 5 best ways of making money online. It is now
up to you to master one or more of these ideas. If you need more
help getting started, you can download my 25 page ebook named "The
Best Money Making Ideas" for no charge. Inside, I elaborate on each
of the 5 methods identified above.
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