Wednesday, November 11, 2009

Make Money Online

How to make money online or work from home is some of the most popular searches on the web. Hey, who doesn't want to work comfortably at home and spend more time with family and friends or even travel? These are some of the priveliege working from home, no more boring day job. But it's possible to earn enough money to live a comfortable life? Yes, it's possible but not easy either. Internet is a free market, peoples comes in and out fast, once a market becomes over saturated it falls. If everyone can make money online so easily, then they'll be no more day job. It's about balance. Remember not to put all eggs in one basket, diverse it. A venture that' s making you a lot of money today does not mean it'll continually making you money in future, internet is a fast changing market. Once you have made enough money on the net, invest it in other areas or set up an offline business. Also those who live in 3rd world countries would be easier to live off with the same amount they earn in developed countries because their living cost in so much lower.

There's many ways you can earn online and it's hard for me to get in details with every one of them. I'll guide you to the few that you can actually earn money in long term and tell you which you shouldn't even try. I've been in this market for a while now but sadly I'm not making a lot of money. I can tell you my experience that takes me years of research, don't ever try to get into get rich quick scheme, MLM program, paid to surf, paid to read, paid to click or paid survey. It might earn you a little money, but think long-term and don't waste time on these program like I do before. Believe me and you'll save a lot of time.

So what's the working method of making money online. Here's a quick list: eBay, selling, affiliate, adsense, CPM or publising ads on your site.

eBay can earn you good money only if you have product to sell. I've done dropship before and it's earning me good money, but it also takes time to manage the business. What's dropshipping? Dropshipping means you don't keep stock, you work with the company and sell for them. You can get your order through eBay, your own site or other portal than forward your customer order details to your dropship company and they'll ship it for you. Normally, you set the price yourself, the dropship company will charge you at wholesale price and you sell it for your retail price. The price in between is the money that you'll earn. Actually, it might not sound as easy. First you need to find a dropship company who are willing to work with you, the best way is to visit them directly. Then, there's a lot of fees involve in the transaction such as shipping, ebay fees and other charges. If you can't markup the price high enough, you might not make decent enough money. So before you decide on dropship business, calculate all the fees invlove and make sure you can actually make enough money through this.

If you don't like the idea of droshipping, then affiliate might be the right one for you. Affiliate is where you refer peoples to purchase at the company you associate with, and they pay you commision for it. It's kind of hard to explain how you should do it, every affiliate marketers have their own way to promote a product either through free or paid ways. The idea of paid way is you create a selling page, then buy traffic through companies such as google adwords, Yahoo or Micorsoft adcenter. You pay these companies for each click they send you, we also called it PPC (pay per click). Get these peoples to click on your affiliate link and buy at the company site. To make PPC marketing works, you need to research and find the best niche that doesn't have too much competition and the affiliate commision is high enough to cover your cost and also earn you good money. It's not easy at all and it can takes a lot of time to research and trying to make it right.

The free way is what I'd would recommend, but you need to be patient. Building a site from ground up and start receiving traffic from search engine isn't an easy task either. If you are determine and willing to update your site daily, I'm sure you'll do very well after a year if not shorter. The trick is to get traffic to your site through the free way such as forum, search engine and social bookmarking site. There's a lot more to talk about such as how to do SEO and such thing. For your first time building a website, I don't really recommend you to go deep into that. SEO (search engine optimization) is a way to manipulate the search engine (mostly google) to rank high on search result. It's all about traffic we are talking about it here. If there's no traffic/reader on your site, that's mean no sell and no money. The good thing about building traffics through content is that you can either put advertisement such as google adsense, affiliate link or even sell link on your site (google doesn't recommend this). There's way for you to make money from your site as long as you got good traffics to your site. So what's considered as good traffic? Well.. it really depends which market you are in & where you want to earn money from (adsense or affiliate). If I have to explain everything clearly, I'd probably need to write another 2000 words.

The bottom line is don't think about making money first when you just start out making a website. Keep writing good content everyday and you'll eventually receive traffics from many sources. Then start out by using google adsense on your site and see how much it can make for you. After you gain more experineces through your course of building website and researching, you can easily start out another website with clear direction. If you want to learn how to build your own website, read our previous post. The keyword is Wordpress. Want the free way, use blogger like this site.

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