If you're like 80 million other people today, one of your
burning questions is, "how in the heck do I make money on
the internet?" Good question. A quick look on the internet
will reveal three things. 1: Hype ... 2. Hype ... 3. More
Hype ... So, how, really do people make money on the
internet.
Traditionally, people make money on the internet a few ways:
1. Sell Your Services. If you have a service you want to
sell -- An example would be something like a "virtual
assistant" who provides assistant services to business
people. The internet is a perfect place to sell such
services. But, you have to have the skills to be able to
sell yourself on the internet. This can be expensive, and
takes a lot of time. Essentially, you are still a
wage-slave as you are selling your time. No problem with
this, but your income will be limited.
2. Sell Your Product. You have a product they want to sell.
You want to sell trading cards over the internet, or
collectible smurfs, or bumper stickers. The internet can
be a great place to do this. We all know about selling
stuff on EBay or Craig's list, and with more and more
people getting comfortable purchasing products on the
internet, people are now actually earning a good living
this way exclusively.
3. Participate in a Multi-level marketing program that
focuses on the internet. You can participate in a
multi-level marketing company and use the internet to sell
the company's products and the business opportunity that.
The internet is a perfect place for this kind of business,
but there are a lot of people out there trying to do the
same thing, so you've got to do it right in order to make
any money. And just like any other business, it takes work
to find your customers on the internet.
4. Sell someone else's products. Usually, this is done
through what is known as "affiliate marketing" and, if
automated, can product big bucks with minimum of effort.
We'll spend a great deal of time on this. For many people,
this is a very attractive way to sustain an internet
business, and holds a great deal of charm over the other
methods.
Why sell someone else's products? For #1 to work, you
have to actually be able to provide a service. If you
don't currently have a service, you've got to find one, and
gain the skill necessary to sell your services. This can
take months and even years, depending up the service you
are providing.
For #2 to work, you have to have a product. And if you
have a product, you have to have inventory, and you have to
make trips to the post office to mail the product, and you
have customer returns and complaints to deal with. You
have to have a website that has a shopping cart, which
means you have to take credit cards, and there's a cost to
all of this.
For #3 to work you have to find the right company, and you
have to distinguish yourself from the other hoards of
people trying to sign everyone up to be in their downline.
But in order for #4 to work, you need none of those. You
don't need a special service, you don't have to have a
product (or store it or ship it, etc.). Consequently, by
selling someone else's products, you have to focus on a few
things. You have to have a great website, you have to
understand how to capture prospects and communicate via
email, you have to know how to build a good list, and you
have to find good affiliate programs to associate yourself
with. Much of the work of owning a business is eliminated
with affiliate marketing, and for those who take the time
to learn how to do it right, there's great income that
comes along with the business!
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Mark Albertson (http://u2b-rich.com ) is a nationally known
business coach, author, speaker and attorney and helps
people succeed in business. Mark regularly coaches people
interested in building profitable businesses. For more
information or to sign up for his informative newsletter,
visit: http://www.u2b-rich.com
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