How to Make Money Online & Create Internet Wealth
Tuesday, February 10th, 2009
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How to Make Money Online & Create Internet Wealth
Creating cash from the internet involves offering a Service, or a Product. Lets have a quick look at both these business models.
1. Offering a Service to make money online
Some websites make money by offering a service and online identity built over the years and people are comfortable to do business with them because they know its a trusted website. Imagine sending $1000 of dollars across the internet to people you might never meet in your entire life, and the only impression you have of them is their website, testimonials and if all turns out well, a good product.
Services offered by these type of ecommerce sites are usually hired help for internet business owners. Services include, Copywriting, Graphic Design, Mini Site Graphics, Mini Site Design, Website Design, Wordpress theme design, Video design, Ghost writing services, Programming of software such as landing page generators. Having said that, there will always be some form of investment in terms of domain name purchase as well as monthly webhosting. The returns will often outweight the cost because an identity gives people some confidence in your service, that you won’t just take their money and shut down your website over night, which does happen.
Some free lancers choose not to have their own site and use business match making services such as elance or guru.com. Competition in these sites are stiff because everyone is bidding for jobs posted by internet business owners. Internet business owners, that drive big cars and live in nice houses usually will pick the cheapest with 5 star reviews. By having your own identity and website, you can lend your services to private clients and instead of slugging out with the “rest”, you can earn better margins.
2. Be a professional blogger
This involves no monetary cost. The blog can even be gotten free from wordpress or blogger. Blogger blogs are very quickly indexed by Google. In fact, some of my blog posts are indexed in less then 1 hour after I make a post, that’s how quick it can be. Google bots like blogs that are fresh in content, unique and offer a different prespective of a subject. If your blog is fresh, you can expect to be on the 1st page of Google for the keyword your chose. Having said that, blogging is not a quick rich scheme, it can take up to 2 months to get some regular traffic to your blog, and even then, you may not even be able to effectively monetise the traffic into a full time $10k per month income.
3. Build databases
Building a database has alot of power. Its very easy to earn obscene amounts of cash simply by being able to generate traffic. And this is not only restricted to online traffic. In fact, if you can generate customers and interest to an offline event, skating event, latin ball room event, nite club event, golf, formula 1 event, job placement for high level CEOs, you can just about make tons of cash just for sending out an email. That’s how powerful it is. Of course it does cost money and a credit card to do this, and purchase services, and that could be a potential stumbling block for many people whose current income does not allow them a master or visa card.
Hope this “How To Make Money Online” article gives you some ideas to build your own business. If you have no finances, perhaps the best bet is to 1st be a hired help and lend your talent to good business owners that are also good paymasters!
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