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Tips For Making Money On The Net

MakingMoney has never been easier thanks to the Huge opportunitiesthat are offered on the Internet. Here we have put forth a fewtips on how best you can exploit the Internet to Make Moneythe easy and legitimate way.

Last Updated - 20th September 2005

Create your own Information product

Possibly the single most profitable way to make money online. If youhave the information that somebody else wants or needs why not sellit to them. This is 'The Information Super Highway' afterall and we live in an 'information age', people are willingto pay for accurate, timely and reliable informationon just about any subject under the sun and in doing so they'rehelping thousands of people to make money online. Creating an Informationproduct usually involves the writing of an ebook on ahighly targeted, and more importantly salable, subject.

Don't let this put you off, you don't need to be a trained writer towrite and sell a successful ebook, thousands of everydaypeople are making an annual six figure income from their e-book, thanksto the power of the Internet. As for what to write about ?, its easierthan you think to come up with information products that sell well, justscrapping the surface, everything from business to parenting, from investingto gardening, from real estate to picking winning horses has resultedin a winning, hot selling information product. Everybody has experiencein certain areas, that put into print could quiet easily become a bigselling ebook. Just look at your hobby, your expertise in you day job,your travel experience etc. as possible starting points to start generatingideas.

Become an Affiliate Partner
Probably the easiest, and so the most popular, way to start to earn moneyonline. Essentially you will need good traffic through your site, visitorsclick on an affiliate link on your site which takes them to the affiliatesite, if they then make a purchase at the affiliate site you earn a commission.The three most important factors to take into account when choosing anaffiliate program are :-

The relevancy of the affiliate to your site content. In simple termsthere's no point signing up with an affiliate selling fish tanks ifyour site is for dog lovers.

Target the higher commission payers, commissions range from 2% ofthe sale price to up to 67%, yes I've seen 67% being offered.

Cookie length (expiration date). Basically this is the length of timeafter the initial referral for which you would be eligible for a commission.30 days is about standard, but its possible to have an indefinite length.So say you send a visitor to your affiliated site and they look aroundfor a while but don't buy. Well if they go back before the cookie expires(within those 30 days or whenever it is) and buy, you will still getthat commission. You can concentrate on signing up to affiliate programsrelated to your existing site and use their ads or links of your ownthroughout your site. Or you can target a specific affiliate or producttype and focus your whole site around sending them visitors throughyour affiliate link.

Original Ideas

If you've been online for any length of time you'll have noticed a numberof unique websites that have been developed around original ideas. Forexample here in the UK there's a site http://www.friendsreunited.com/which has since gone international, that demonstrates a great originalidea in practice. Basically it's a portal to allow you to get back intouch with friends from your school days, old work places, colleges etc.Or simply sign up and see what they're up to. Three years after startingup there are currently 8 million registered users and rumors that thesite is being sold for 25 million. Not bad for a simple idea. Probablyone of the biggest single ideas to explode on the Internet was the introductionof the auction to the web, see Ebay next.

Earn a living or extra cash with eBay .

This is a great way to make cash on the side, or full time its up toyou. The great thing about this is you don't even need a website and youdon't need good rankings in the search engines. eBay provides all yourtraffic, all the traffic you could ever need, with 75.3 million users(July 2003) a 51% jump from the previous year and still growing, and 1.4Billion page views per month eBay is one of the most visited sites onthe plante. The site is set up to allow you to sell products online atvery little cost to yourself. You can choose to auction goods or set afixed price with a buy me now button. You could sell a product line herequiet easily. Plus the site provides all the info you need to make a successof your little enterprise. Thousands of people are running their own storesfrom home using these methods. Combine this with drop shipping and youdon't even have to deal with shipping your products. PuteBayon AUTOPILOT! and earn a serious income with part time effort.

Do your current job from home

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Computers have infiltrated most companies and have become indispensablein our daily working lives, with the advent of the Internet and in particularthe uptake of broadband it has become much more feasible to work at homedoing your current job, without the commute! Plus as the traffic increaseson the roads the rush hour crawl is simply going to get longer. What wouldyou do with those extra hours per day that you usually spend sitting ina traffic jam? Businesses are already recognizing the benefits of movingtheir work force out of the office. Smaller offices and lower rent forone.

Become a Web hosting reseller or VirtualISP (Internet Service Provider)

The concept is simple, sign up with a hosting company as a reseller.You then sell on the web hosting at a profit. Its all very easy and mostgood reseller accounts come with an online control panel to make it evensimpler to manage your own web hosting and set up your own packages. Takea look at Jumpline.comand their reseller account. You can even build yourself a site here tobegin marketing your new web hosting company. Using a number of wizardsthat guide you through a very simple process you can generate resultsthat produce a professional looking site. Most of all there's absolutelyno need to learn HTML. You can try a demo on the site. If you like toget your hands dirty with a bit of coding but you haven't got the designabilities of a good web designer, then you might like to take a look atTemplateMonster, here you can pickup a template for your new business that'smore designery (is that a word ?)and very professional. A virtual ISPworks in a similar way to a Hosting reseller, an ISP company providesyou with the framework to provide your own branded ISP service, essentiallyyou offer Internet connection services, dial up and quite possibly broadband.This usually works invisibly and to the end user you are the ISP. Again,as for the hosting, the best virtual ISP's offer an online control panel.Each year in the US, more than 20 million new subscribers purchase dial-upInternet service. Poor customer service ratings by the largest ISP's accountfor approximately 30% of the overall churn rate. This represents morethan 75 million subscribers who signed up for dial-up Internet Servicewith a new ISP in 2002. That's a fair number of potential subscribers.

Develop Software and sell it online

If you use your computer regularly you will come across software ideasall the time. For example wouldn't it be great if you could set up yoursystem to remind you of all the little jobs you need to do throughoutthe day while your working. Something that played a sound or popped upa window as a reminder. Little time saving and helpful applications tomake life easier for everybody, like this, are salable. So your not aprogrammer, hire one, there are thousands of programmers out there alleager to work on your project. Try http://www.elance.com/or more uk based http://www.freelancers.net/.All you need is the idea offer a solution to a problem and you're guaranteedto have a salable product.

Open your own 'stockless' store

Sell products utilising Drop shipping Sell a line of products withoutcarrying stock ! Choose from Top Worldwide recognized Brands ! in almostany market area and product range. In simple terms, choose the productsyou'd like to sell, create your site or even easier set up your auctionstore, take orders online, collect your cash and pass on your customersdelivery details to your drop shipper to complete the order. Essentiallyyou don't carry any stock, which means no big outlay on stock and warehousing,all your orders are fulfilled by your chosen drop shipping company. Youset the retail price and pay the drop shipper the wholesale price. Fora more detailed breakdown of how this works, drop shipping resources andthe best directory online of US drop shipping companies visit Chris Malta'ssite http://www.myaffiliateprogram.com.You can even download a free ebook explaining the whole setup processin detail. Chris Malta uses this technique to run a number of successfulbusinesses online. This is more a US based option. Currently there areno companies in the UK offering a drop shipping service. But there's nothingto stop you using this opportunity to sell to the US market, some dropshippers also ship internationally.

Professional Competition entrant

There are various promotions happening online all the time. Win anythingfrom a dvd to 1 million pounds. A million pounds was recently won by aguy here in the UK. The great thing is you don't need to search them outyourself, you guessed it there are sites out there dedicated to listingall the competitions running online. More than that there's also softwareavailable to help fill in the entry forms in one click ! Take a look atroboform. For competitions in the UK try Theprize finder you can even find sites willing to swap your competitionwinnings or you could jump down to number 5 on this list and advertiseyour competition wins on http://www.qksrv.net

Create a high demand Newsletter/ezine

If you can provide in demand and industry leading information on a monthly,bi-monthly or weekly basis, you can sell subscriptions to a newsletter.Delivered via e-mail it costs nothing but time to produce. In the sameway as information products you can focus your newsletter on just aboutany topic and find interested subscribers. Although its always best toconcentrate on some area you have an interest yourself. So, say you sellyour subscription for a measly $5 a month (just to make it easy here todo the math) and you have 500 subscribers that represents $2500 per monthfor a days work. Add to that the possibility of selling advertising spacein your newsletter and promoting your affiliate programs and you havea very viable business. You will need a website to attract subscribersand the facility to take credit card subscriptions online. You shouldalso offer automated delivery of the first newsletter when a subscriberhas paid.

Conclusion These are exciting times to be working withthe Internet, with this technology any individual or business has thepotential to be an Internet pioneer. Any serious businessman cannot affordto ignore the possibilities. Now is the time for you to develop your onlinestrategy. Before your competitor does.

Look at these statistics from a recent Forrester Research report: Onlinespending grew from 5.5 billion in 1998 to 32 billion in 2000! That's astaggering 580% increase! They also report that people newer to e-shoppingare making nine purchases per year, while those who've been online for5+ years are making 20 purchases a year. Aug 1 2003: The U.K.s 24/7 promotionlast month boosted online sales in the U.K by 208% over the previous year.July 28 2003: Online retail sales in the U.S, grew 39% to $956 millionfor the week ending July 20 from $688 million in the corresponding weeka year ago, comScore Networks Inc. reports. June 23 2003: Uk populationonline as reported by Computer Industry Almanac is 34.3 million from apopulation of 59.8 million. Mar 18 2003: Online travel sales in WesternEurope increased 53 percent during 2002, according to the Center for Regionaland Tourism Research. Mar 20 2003: Datamonitor predicts that over 41 millionEuropean households will be accessing the Internet via high-speed broadbandconnections by 2006. Beyond this, IDC (the leading global provider oftechnology forecasts and insights) reports that the number of Internetusers around the world is expected to reach 943 million by 2005. The worldpopulation online according to two reports for 2002 - 580 million (Nielsen//NetRatings),655 million (ITU). The Web is only going to increase in size and the numberof people online worldwide will increase along with it. It isn't goingaway, for the wise business man the time is now.

Disclaimer: The Money Making Tips / Informationpresented and opinions expressed herein are those of the authors anddo not necessarily represent the views of TipsAndTreats.com and/orits partners.

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