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.
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.
About the Author
Glen Jansen, the author of "The Best Money Making
Ideas" free
ebook, helps internet marketers and budding home business entrepreneurs
find 5
of the easiest ways to make money online. Visit www.1st-in-earn-extra-income.com
for more free information and money earning articles.