Sunday, 21 December 2008

3 steps to make money online

To answer your question whether it is possible to make money on the internet, have a look the strategies mentioned below

You technical computer ability is not a major factor in your potential to make money on the internet.
You also do not need to limit yourself to data entry jobs or online paid surveys for a few dollars here and there. It would be better to find a way which can generate revenue which is safe and not dependent on fly-by-night operations.


If you can read and don't mind some initial hard work, it is totally feasible to make money online without working for an employer.

It really comes down to selling products or marketing other people's wares.
Both are possible with or without your own website, but having your own website will give you more scope to grow.

The 3 steps to making money online revolve around research, putting your plan into action and then tweaking your results for optimal profitability.

1. Info-gathering
The first step involves researching your chosen niche to make sure there is sufficient demand for the products you plan to represent.
This is important regardless of whether you will do so with or without your own website.
You will also spend considerable time researching products and vendors in your niche to determine who offers the most attractive commission scheme.
Out of this research comes a plan of action.

2. Plan of action
Here you need to do the physical work of marketing your chosen product.
You can create your own website if you know HTML or use online software to help you build it using simple block-by-block building tools.
Alternatively you could market your affiliate links directly without building your own website.

Once your site is ready, the next phase is to market your site in order to attract a lot of traffic.
Not all your traffic will be potential customers, so it is necessary to attract as much traffic as possible to allow for the best possible bottom-line.

3. Fine Tuning
You will need to monitor your efforts in order to understand what works and what does not.
By testing different marketing methods and website components, you will be able to make a difference in your online earnings and targeted traffic.

The magic in this strategy is that you can repeat the effort.
The next site will take much less time and effort because you do not need to learn everything again.

By duplicating your initial site, even if it is only generating a modest income, you now have a blueprint which has unlimited growth potential.

The revenue from your site is earned passively once you have gone through the 3 steps mentioned above.

Even though your first site will probably not be profitable from a time and effort point of view, the important thing to remember is that it is generating revenue independently of the amount of time you put in (once it is in maintenance mode) and you no longer have to depend on a client or employer for this additional income.

The magic lies in the fact that your site is repeatable.

Now go ahead and flesh out these concepts.



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