If you are new to the Internet and are interested in making money in an ethical manner, this article will inform you of the various ways to make money online.
It uses a blog as an illustration of various ways to earn money. Blogs are provided for free and at no cost to build an online community.
Initially, a product can be sold directly. Have a website and sell as you would in a mail-order catalogue, except that you can automate most of the process, excluding shipping and handling, thanks to the internet. You must additionally stock a product. However, this is limited when compared to a traditional shopping mall because whereas Wal-Mart, K-Mart, Big-W, etc., can display thousands of products, attempting the same on a single website is extremely challenging. Because of this, most individuals who sell products directly online have a limited number of items for sale. I participate in a variation of this theme, as I’m sure you have as well; selling on eBay auctions is a form of direct product sales made possible by a third-party provider.
Next, navigate to the resource box where you will find examples of the remaining topics I will discuss. (just copy and paste the address into the address bar – your URL)
Initial observation: there are no direct products for sale. I don’t want to ship hundreds of items, and I want to maximize my time, so the first item for sale is an affiliate product. At this stage, it does not matter who it is for; what matters is the concept. Making money on the internet does not require selling a product directly. You can become an affiliate member, which gives you the right to advertise a product and receive a commission if a sale is made – similar to a door-to-door salesperson, except the customer’s door is the internet. To be successful, you need targeted traffic to your website. The more targeted the traffic, the better. (by targeted, I mean something that the customer is searching for; you don’t want someone who wants to buy a dog to visit your website for cats, as it is unlikely to result in a sale.) Eventually, given sufficient traffic, sales will follow. Remember that the higher the price of the product, the lower the likelihood of a sale, as the majority of consumers have limited budgets. However, the higher the price of the product, the larger the commission payout. This is a delicate balancing act; if one item pays out $500, you would only need to sell one per week, whereas if another item paid a $5 commission, you would need to sell a hundred to make the same amount of money.
It is essential to understand that as an affiliate, you are provided with a code that is embedded in your links and tracks the sales you bring to the company. Therefore, ensure that any banners, links, or code you include are your own.
The second item for sale is a viral product or one similar to the old multi-level marketing schemes.
In this instance, GDI – Global domains International is the owner of the.ws domain extension (in this case .ws is advertised as standing for website). What they are selling is a hosting service provider, a domain name, and a variety of other internet services, all of which are quite inexpensive when you consider what you are receiving. But the real money-making opportunity lies in recruiting others: you earn $1 per person per month, plus another $1 for each person they recruit, and so on up to five levels deep. Why would a business do this? Because it is inexpensive advertising for them and accelerates their expansion. In the case of GDI, they have made it abundantly clear that they want to be the dominant website address.ws, and they are willing to share money with anyone who helps them grow. By clicking on this link, the company will know that you brought them a new customer and will give you a portion of the profits. I call it viral because, like a virus, it spreads from one person to a few more, then to many more, then to hundreds, etc. $1 multiplied by 5000 is a significant amount. You are not selling a product, you are acting as an agent, and you are not selling conventional goods, but rather a service. This is a viral or multi-level marketing system. Oftentimes, MLM receives a negative reputation, but I believe this is because people purchase the SYSTEM rather than the PRODUCT; whatever you purchase, make sure you are satisfied with the PRODUCT.
The third link is to eBay. This again generates revenue through an affiliate program. Simply look for a link labeled “affiliates” on the homepage of most websites to sign up as an affiliate. In this instance, the affiliate program is managed by commission junction, an independent company that ensures affiliates are not ripped off, are paid on time, etc. This is not even selling a service directly; it is merely promoting another website.
The fourth one is EPI – Emerald passport Inc., a total online product consisting of financial education materials, self-improvement, hours of video and audio, and an online information store. It is an example of the online sale of information.
If you don’t believe that information is valuable, consider this brief piece of information for eBay sellers.
Do you price an item at $20 or $19.99? Which will generate the most profit?
The $19.99! The difference between a $20 listing fee and a $19.99 listing fee is 25 cents (don’t tell eBay I told you this, it could cost you money). Therefore, if you list and sell an item for $20, you will earn 24 cents less than someone who listed the item for $19.99.
This information is worth at least 24 cents, but much more to those who sell hundreds of items if they are making this fundamental error and losing money.
Evidently, high-quality information that saves money, generates money, or expands one’s knowledge is essential.
Finally, a brief article appears on Clickbank. Similar to commission junction, they facilitate both providers and users. This link makes money despite not selling anything. HOW? Because anyone who joins Clickbank through your affiliate link earns you a commission. Once again, a company is paying you to advertise, this time to assist them in their advertising efforts.
Similar to this is Google AdWords, where you are compensated to advertise and then charged a small fee per ad click.
There are additional links included as examples, but you get the point. See instantBuzz.com, traffic swarm, etc. for examples of websites that attempt to generate traffic but do not generate revenue. You can either accept the fact that not everyone can be on the first page of a search engine, or you can constantly optimize and re-optimize your website to remain near the top.
There are willing participants. Why you may ask? Because the free advertising generated by being in the top spot is a veritable goldmine and drives a massive amount of traffic to your website, particularly if it is listed with a major search engine such as Google or Yahoo. However, if you aren’t going to rank highly on one of these search engines (in fact, it can be difficult to be found and cached by these engines), you will need alternative methods to drive traffic to your website. Paid marketing, such as Google AdWords, is another option for marketing. Another option is to advertise offline in magazines, newspapers, radio, and television.
I hope that this article and the website have increased your understanding of how internet business is conducted. There may be additional methods I have not yet covered, but this is a good starting point.