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Making Money Online
By The Prof | December 31, 2007
Beyond all the “hype” when it comes to making money online…
You may be shocked to learn that there are really only 3 primary ways to make money in an online business:
1. You can promote and sell a product or service that you own or have developed. A product could be an ebook, an audio or video course, a tele-training class, etc. A service could be a membership site, consulting, or selling advertising space on your website or in an ezine.
2. You can promote and sell someone else’s product or service for a commission. This is usually accomplished with affiliate programs. Using Google Adsense could also qualify as providing a “commissionable” service by placing their ads on your website or blog.
3. You can use a combination of 1 and 2 above.
What makes the Internet such a valuable tool for just about anyone when it comes to starting out is that you don’t need your own products and services to start a real online business. You can simply talk about and promote OPP (other people’s products), which is also called affiliate marketing.
And if you are dealing with digital products and services…
Affiliate commissions for digital products and services usually range from 40-100% (that’s right, up to 100%). And there are usually plenty of great information products with affiliate programs to choose from and promote in just about any viable market (be careful, there are also some stinkers out there too).
So, the real key to making money online is to have a strategy — a plan, a system or a model that you can take action on to get results and ultimately start earning an income from AND…
You must have an Internet “platform” (website) of some kind — a place for visitors to go and get information, see your product offering, ect. That’s one of the reasons I am excited about MyCCBlog, which provides a very professional Internet platform for free to those who are new to Internet marketing and online business, without needing a massive amount of skills to get started — literally in just minutes.
Cheers,
Steve Roye
The Internet Marketing Professor
Topics: Before You Create A Website..., Before You Start A Blog... |