September 26, 2008 | By Kenneth Koh |
In this article, I’m going to share with you 3 proven ways to make money on the internet and 1 proven way to lose money online.
Sounds interesting? It will be more interesting as you read.
I am going to approach this topic from a totally different angle, as I always do. If you find this article confusing, just keep reading. You will get a clearer picture when I put everything together.
Ok, let’s start with the first proven way……
Proven Way #1 - The easiest way to make money on the internet
Do you want to know what is the easiest way to make money online?
It’s to exchange your time for money.
In other words, you make money by trading your time.
For example, you can sign up as a freelancer at elance.com and provide freelancing job to people who need your service. You can also sign up with surveying firms to get paid doing market surveys, or become a mystery shopper to help companies to do market research. If you are good in graphic design, you can also start your own online design company to provide graphic design services.
Trading your time for money is the most basic way to make money. It is also the easiest way to start making money. That’s why most people start with a ‘job’ when they are newly out from school. I hope you can see that a job is just another way to trade time for money.
There is nothing wrong to trade your time for money. In fact, if you are pressed for cash, providing online services, such as freelance services, is probably the best option to start.
Proven Way #2 - The toughest way to make money on the internet
The second proven way to make money online is to exchange your skills for money.
For example, Adsense and affiliate marketing are proven ways to make money on the internet, but you need the skills of search engine optimization, website building, PPC advertising etc before you can make money from these methods.
It is the toughest way to make money because if you do not have the necessary skills, you will have to learn. Learning new skills is ‘tough’ to most people. If you enjoy learning new skills, I’m happy for you. You will be successful soon.
Proven Way #3 - The smartest way to make money on the internet
The third way and also the smartest way is to exchange your idea for money.
The world may be changing everyday, but certain fundamentals will never change. The economy is always looking for means of doing or producing things better, faster, easier and cheaper.
If you can come out with an online idea that can do or produce something better, faster, easier and/or cheaper, you will have your fortune at your fingertips.
Now that you’ve learnt the 3 proven ways to make money on the internet, how about the one and only proven way to LOSE money online?
The Proven Way To Lose Money Online
The proven way to lose money online is to use money to make money.
If you believe that you can make $X and all you have to do is invest $Y, then you are destined to be the victim of the next online scam.
Without time, skill and/or idea, money is useless. Read again!
Don’t get me wrong. Having money will definitely help you to make more money online faster, but it is only true if you use it to buy time, skill and/or idea.
When you outsource your work to freelancers or professional services, you are buying other people’s time and skills.
When you buy into other business opportunities, you are buying the idea.
Do you see what I mean?
Summing up……
In a nutshell, you can either use time, skill and/or idea to make money online. These are the 3 proven ways to make money on the internet. I personally guarantee that. People who fail to make money online are those who refuse to invest time, refuse to learn the skills and refuse to think.
Tuesday, September 30, 2008
Thursday, September 25, 2008
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Wednesday, September 24, 2008
Let’s Talk About Traffic
When you’re just getting starting in Affiliate Marketing, one of the most important things you need to learn about is traffic – specifically what it is and how to get it.
Why?
Because although it’s become somewhat of a cliche these days, the truth is, “the money is in the list” – but that means YOUR list, not the list of the people whose products you’re selling – at least not if you want to be successful.
Here’s why. As an affiliate, your job is to find people who want to buy the products you’re promoting, right? So to do that, you need to write an ad (or hire a copywriter to write it for you), and send people to a Website where they can buy the product.
BUT – there’s a serious problem with using this method. Do you see what it is?
Anywhere from 60 to 95% of the people you send to the sales page probably aren’t going to buy the first time.
1. Most people want to be certain that they’re making the right decision, so they usually need to see or hear from you between 5 to 12 times before making a buying decision.
2. If you’re paying for the ad and sending people to the seller’s Website, the ones who don’t buy disappear forever. (And neither you nor the seller will benefit.)
3. Of those who do buy, if you’re only sending them to the sales page, YOU still lose them forever because you have no way of knowing who they are.
Here’s the solution:
1. Write your ad and send prospects to a well-written squeeze page – YOUR squeeze page. (A squeeze page is a single page Website that has one purpose – to convince prospects to give you their contact information. Squeeze pages should be simple – no flash, no links, and if you use a graphic or photo, keep it simple and make sure it relates to the purpose of the page. How do you convince prospects to give you their contact information? By giving them information that is what they’re expecting to find and that’s useful to them.)
2. Offer them an incentive to give you their contact information. (This could be a free report, a free newsletter, an audio or video product – just make sure it’s related to the niche or affiliate product.)
3. After they’ve opted in to your autoresponder, send them to your affiliate sales page.
4. Follow up with them on a regular basis – mixing good information, free bonuses from time to time and additional affiliate products.
Lather, rinse, repeat. (Once you’re making money from your first affiliate product, move on to the next and then the next and the next.)
The best thing about this is that you can set most of it up on your autoresponder, so you turn it into a “system” and it runs “almost” on autopilot. (There is NO SUCH THING as a business that runs 100% on autopilot – and don’t believe anyone who tells you differently.) Any business – real business – takes work and effort. But by setting this system up this way, your autoresponder does the majority of the work, and you will only need to do simple updates and make sure you keep fresh information flowing.
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Why?
Because although it’s become somewhat of a cliche these days, the truth is, “the money is in the list” – but that means YOUR list, not the list of the people whose products you’re selling – at least not if you want to be successful.
Here’s why. As an affiliate, your job is to find people who want to buy the products you’re promoting, right? So to do that, you need to write an ad (or hire a copywriter to write it for you), and send people to a Website where they can buy the product.
BUT – there’s a serious problem with using this method. Do you see what it is?
Anywhere from 60 to 95% of the people you send to the sales page probably aren’t going to buy the first time.
1. Most people want to be certain that they’re making the right decision, so they usually need to see or hear from you between 5 to 12 times before making a buying decision.
2. If you’re paying for the ad and sending people to the seller’s Website, the ones who don’t buy disappear forever. (And neither you nor the seller will benefit.)
3. Of those who do buy, if you’re only sending them to the sales page, YOU still lose them forever because you have no way of knowing who they are.
Here’s the solution:
1. Write your ad and send prospects to a well-written squeeze page – YOUR squeeze page. (A squeeze page is a single page Website that has one purpose – to convince prospects to give you their contact information. Squeeze pages should be simple – no flash, no links, and if you use a graphic or photo, keep it simple and make sure it relates to the purpose of the page. How do you convince prospects to give you their contact information? By giving them information that is what they’re expecting to find and that’s useful to them.)
2. Offer them an incentive to give you their contact information. (This could be a free report, a free newsletter, an audio or video product – just make sure it’s related to the niche or affiliate product.)
3. After they’ve opted in to your autoresponder, send them to your affiliate sales page.
4. Follow up with them on a regular basis – mixing good information, free bonuses from time to time and additional affiliate products.
Lather, rinse, repeat. (Once you’re making money from your first affiliate product, move on to the next and then the next and the next.)
The best thing about this is that you can set most of it up on your autoresponder, so you turn it into a “system” and it runs “almost” on autopilot. (There is NO SUCH THING as a business that runs 100% on autopilot – and don’t believe anyone who tells you differently.) Any business – real business – takes work and effort. But by setting this system up this way, your autoresponder does the majority of the work, and you will only need to do simple updates and make sure you keep fresh information flowing.
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When you record an Action and save an Action Set, Photoshop takes that text file
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