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 . While it is possible to make money online, 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.
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 2006). 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.
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.
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. I have got this guide off a site outside of
ebay, however I feel this will be very useful for people on ebay.
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