Tuesday, July 24, 2007

Making money on the internet

There are lots of ways you can make money on the Internet. You can sell things via classified ads, auctions or even create your own web site to sell your products or services. Creating and selling your own e-books is one excellent idea.

What to sell
One thing that can be sold on the web is access to information! This usually comes in the form of subscriptions to newsletters, or sales of books or reports. Check out these report titles for example. One advantage of selling information, or access to the information, is that these can be delivered electronically. This means there is no product to manufacture or ship. All you need to do is set up a mechanism for delivering the content, such as a web site, and everything (except marketing) takes care of itself.

People crave information that appeals to their basic needs and will somehow educate or enlighten them. Simply by putting your own specialized information into e-books, manuals, reports, e-zines or newsletters, you can start putting a hefty price on information you have no doubt been giving away. Makes sense doesn't it?

If you are able to communicate an idea to another person, then you've got what it takes to be an e-author. All you have to do is write down that idea (or a couple of them) and publish it as an e-book. After that, just set up a website and start marketing your product. That's it! You could be making a lot of money in no time! Sounds good right?

Marketing
Besides selling products, you can make money by selling advertising to people who want traffic sent to their web site from yours. Banner Advertising and Affiliations are two types of programs that fall into this category. These programs pay you from a few cents for each click on their banner to a large commission for the sale of their product or service.

Tools for making money on the Internet:
* Adwords and Adsense
* Affiliations
* Site Build It!
* Autoresponders
* Banner Exchanges
* E-commerce
* E-zines
* Link Exchanges
* Mailing Lists
* Merchant Accounts
* Pay Per Click Advertising
* Submission Services and Software

Adwords and Adsense
These two Google programs are very popular ways to both advertise and make money on your website. Adwords are ads that you pay for each time someone clicks on your ad. You create Adwords ads based on keywords that you think people will type into the Google search engine, when looking for your product or service. When people search for your keywords, your ad appears on the right hand side of the search listings.

Adwords also appear on websites that are signed up in the Adsense program. Each time a visitor clicks on one of these ads, the advertiser pays an amount and the website owner collects part of that amount from Google. Some website owners make thousands of dollars a month from Adsense.


Affiliations
Affiliations are a good way to make money on the Internet. There are hundreds of affiliate programs available to choose from, representing many different kinds of products. The first, and probably most famous, affiliate program was Amazon.com's. The great thing about affiliate programs is that you don't need a product, or even a web site, to make money on the Internet. Many affiliate programs give you a web site to advertise, and that's really all there is to making money this way. Promote, promote, promote!

Things you should look for in an affiliate program are reporting capabilities (so you can see what sales you've made, what commissions are due you and whether they've been paid), multi-tier programs (so you can get paid commissions on the sales of affiliates that have purchased from you), and perhaps most importantly, contact information, should a question or problem arise. High commissions are a big bonus too.

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