6.26.2007

Are You Struggling To Make Money Online?

Do you wish there was an easier way to make money online? Of course we all do. But while there are dozens of ways to make money online, still 95% of those starting up internet businesses fail.

One of the easiest ways to make money online is selling digital products. Digital products could be an ebook, an MP3, video or software. Selling these products is fast, easy and commands big profit margins. No inventories to watch, delivery trucks are non-existent and most of all it works 24 hrs a day 7 days a week. Really an entrepreneur’s dream come true.

What are the exact steps involved to make money online with selling digital products? The following steps have been proven to be effective:

1. Choose the right product.

The first thing that you need to do is get a product that you can sell. Be certain that you choose the right product to sell. In choosing a product, you can either create your own or sell other people’s product. However, you must ensure that the product you will sell is in demand and that it is something that many people want or need.

You may check clickbank.com to see and get a feel of what products are in high demand. If you’ve been in the internet for three to four months and have been subscribing for those newsletters from sites you visited, then you may now have an idea of what topics attract large crowds. Subjects on golf, search engine traffic, weight loss, marketing, adsense, dog training, personal improvement and make money online have proven well overtime. There are some niche subjects which also have been drawing huge following.

Remember, the number of people looking for that particular topic, product or subject is extremely important. You can’t make money online if only a handful is interested with that product you are trying to sell. The number of competitors also plays an important role. As much as possible, choose an area with lesser competition. If you’re just starting out, it is hard to compete with guys who are the McDonalds of the industry. If you’re a bit sophisticated, there are tools available to figure this out. You can try the keyword tools and look for topics that have been searched by volumes and volumes. These tools also provide you with the number of competing websites. There is wordtracker.com, inventory.overture.com that you can start with.

If you don’t want to create your own product, you can easily find hundreds of products with master resale rights. What are master resale rights (MRR)? If you own a product with MRR, you have the right to sell it to others and keep all the profit for yourself! With master resale rights, the person who buys from you can also get the resale rights to the product.

There are also products with private label rights. Private label rights give you freedom to alter the product or change the content and put your name on it as the author or originator. You may try warriorforum.com and look at the warrior’s special offer (WSO) for great deals on resale rights.

2. Build your website.

Now don’t scratch you head yet. You will not be building a full blown website but a very simple three page site. The pages are: Sales letter Page, Thank You Page and the Download Page. Trial and completely free web building softwares are available for download. There’s the 123WYSIWYG and NVU which are both easy to use. If you’re not that tech driven then you can hire some college kids in your neighborhood who might be good at building websites. Or you can try elance.com and rentacoder.com to find somebody to do this. Just focus on your goal to make money online.

To accept payment, just use Paypal. It’s easy to get. Using the standard Paypal button is okay. Paypal will ask you for the redirect page, in this case, use your Thank You Page. Don't put the download link there. Put an opt-in in box instead. Say that you will send the download link in the email. The opt-in box is extremely important if you want to build a business. You will have the chance to capture customer information here. You can make money online over and over again once you have a large list of customers.

In the email that goes out after a person subscribes to your opt-in, you will tell them where to download the product. Your download page should contain a link to your product with a few directions on how to download and how to use it. If you are selling an ebook in PDF format, tell them that Adobe Reader is required and point them where they can download it.

3. Generate traffic.

Once you have chosen your product and created your website, you must attract visitors. You cannot make money online if your site doesn’t have visitors. You can get traffic to your website in many different ways. However, you want to be certain that you bring in the right kind of traffic. What is the right kind of traffic? Targeted! You want visitors to come to your site because they want to, not because they are forced to. You want visitors that are interested in your product.

One of the ways to attract traffic is search engine marketing (SEM). SEM is a set of marketing methods to increase the visibility of a website in search engine results pages. Yahoo and Google are the top two sites where most of the web searches come from. Experts estimate that Google account for 45% of the searches while Yahoo gets 30%. In order to make money online, your website must be listed in the top 30 results of the search engines. Do you think anyone would bother to look on page 97 of the results? or page 110?

Your site’s ranking on the search engines will depend on how optimized it is with the keywords you choose and the number of competition it has. The lesser the competition for the specific keyword, the higher the chance of your site to get to the top of the search engines and the chance to make money online is significantly increased.

Another way to get visitors to your site, and this is the quickest one, is by pay per click advertising (PPC). You can try the Google adwords program, Miva and Goclick. Be very careful, however, as PPC advertising may burn your pockets and your plan to make money online would be affected. Make sure to set your daily budget when doing PPC.

These three simple steps to make money online when followed would get you the results you want. There are dozens of ways to make money online. What separates the successful online entrepreneur from a failure is focus and consistency of efforts. Most of the people starting to make money online get sidetracked with every new program that comes to them. If you want to make money online, choose one specific way, and then follow that way until you succeed. Don’t jump from program to program.

7 comments:

Anonymous said...

Hi

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Anonymous said...

Hi, Added a new value add to my blog this weekend - a news widget from www.widgetmate.com. I always wanted to show latest news for my keywords in my sidebar. It was very easy with this widget. Just a small copy paste and it was done. Great indeed.

Rob said...

Aside from Wordtracker you can also use for your keyword research the KeywordSpy - a keyword research technology where you can also earn and even surpass what your competitors are making with Google Adwords and Overture. KeywordSpy gives you the key to their success: a good ad-campaign with the right keywords.

Crystal said...

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