July 2nd 2008 09:17 am
How to make money online
Based on what I know, there are 3 major ways on how to make money online.
1. Advertisements - These are web spaces or online billboards where you allow other people to display their banners or links for a fee. I think one good example is Google. It is a multi-billion dollar company now because of this business.
To succeed in this business model, you will have to be extremely popular and should have thousands of hits per day. Obviously, this can’t be done by someone who is just starting out.
2. Selling your own stuff - This can be the items that you have or the services that you render. This may include your own products, your own things, your old clothes, shoes, mp3… and even your garbage! If you have a special skill you can offer your services on web design, programming, copy writing and so on. Ebay is one of the most popular sites where everyone can sell their own stuff while Rentacoder, Elance and Guru.com are one of the many sites where specialists offer their services.
A lot of people are making a decent income online by selling their products or services. However, selling your own implies that you will have to think about the payment processing, product delivery, refund process, etc. Offering services means that you have to have a special skill that will be useful to other people.
3. Selling other people’s products - This is a practice where an affiliate drives visitors to the product owner’s site to get a commission when a sale is made. One of the most popular sites where you can find a product to promote is Clickbank.
Sending traffic to the owner’s site sounds simpler than having your own product and some people actually became millionaires because of affiliate marketing. The marketing or advertising techniques used by the affiliate can make or break his/her future in affiliate marketing so it is important to know these techniques from those who made piles of money because of affiliate marketing.
Trying to make money online,
The Rat Race Slave
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