5 of the best money making ideas you can use today to earn a
boatload of cash online.
Essentially there are 5 tremendously powerful methods to make
money online. These methods were not always available but have
only become available due to the large amount of internet
commerce being conducted each and every day online. While it is
possible to make money, and lots of it, using other methods,
these are in my opinion the best for 3 reasons. First, they are
some of the cheapest methods around. Imagine running a business
for an entire year where your total cost was less than $1 a day.
Secondly, these methods are fast to implement. Some of the
methods can have you up and running in hours, if not only a day
or two. Lastly, these ideas are simple. When it comes to working
online, simpler is better and complex is dead.
The 5 Best Money Making Ideas.
ONE. Making Money the Google Cash Way.
Google
Cash is a term coined by Chris Carpenter. In his amazing
ebook, he teaches you how to start a profitable advertising
business by using Google Adwords to promote products to people
using the Google search engine. The strategy is simple. You
create ads to attract interested people. When they click on your
ad you are charged for that click. The visitor is directed to
your site where you can sell them your product or someone
else's. The advantage is you get to leverage the Google traffic.
You can purchase clicks for as low as 5 cents. Lastly, done
properly, you can test dozens of different ads and campaigns
allowing you to perfect your selling system.
TWO. Making tons of money selling someone else's
stuff.
Affiliate marketing is the manner in which you
market a product for someone else, known as the merchant. In
return for providing a qualified buyer, the merchant agrees to
pay you a commission. The beauty of this type of business is
that you can take advantage of hot products, you can easily
create a large cash flow by setting up dozens of small income
streams promoting hundreds of products. In other words, the
business is scalable. Once you learn to make money selling a
product for one merchant, you can reproduce that for another.
For this to work, the critical step that you need to master is
getting traffic. An absolute master, who I consider the king of
the affiliate business is James
Martell. He is the author of The Affiliate Marketing
Handbook (newly revised for 2005). James has hundreds of income
streams and can teach anyone how to promote and sell products
for merchants online.
THREE. Turn Treasure into Dollars with eBay.
In case
this is your first week using the internet, I will briefly
explain eBay. They are the world's largest online auction
system. People from all over the world, lots of people, using it
each and ever day to sell everything from toasters to Hummers.
In order to make
money on eBay, you research what is selling at the moment,
source that product for at great price and then start creating
auctions. Of course, that all sounds easy, but the truth is
there is a lot of work involved, especially if you have to ship
all those products from your house. If you are organized, can
research or can use the software to do that research for you,
and can negotiate with suppliers than you can really make money
with eBay.
FOUR. Drop Ship It.
The thought of storing boxes and
boxes of products at your house may have you running away from
eBay. Thank goodness there is something called Drop Shipping. A
drop shipper is a wholesaler who will sell you their products at
near wholesale prices and ship them directly to your customer.
World
Wide Brands maintains a directory of wholesaler and drop
shipping companies giving you access to over 2 million products
to sell on eBay. The good news is that once you have access to
your own products, you can now use the first three methods to
market them. Do you see the power now? Maybe you used the first
two methods to market someone else's product. Now you can get a
better profit margin by drop shipping your own products using
these same methods.
FIVE. Write yourself rich.
The first 4 methods
involved selling someone else's products for a commission or
profit margin. If you want to make the most money, you have to
produce and sell your own products. An exceptional item to sell
online is information. In particular, ebooks, software, audio
and video products have incredible profit margins. But, you
think, you have no writing skills. What are you to do? Easy,
hire people to do the work for you. This is an amazing way to
leverage the skills of someone else. Pretend you have an idea
for a new software program. There is a site online called Rent a
Coder where you can hire people to work for you. Depending
on your product idea, you can get the software coded for $100,
$200, maybe even $300. Then the product is yours to resell. You
can keep 100% of the profits. You can do the same thing writing
a book. Steve Manning offers a free course that will teach you
how
to write a book in as little as 14 days. I know that sounds
to good to be true but it can be done. Most of Steve's students
take longer than that on the first book but many admit that they
can do it faster by preparing better at the beginning.
There you have it. The 5 best ways of making money online. It
is now up to you to master one or more of these ideas. If you
need more help getting started, you can download my 25 page
ebook named "The Best Money Making Ideas" for no charge.
Inside, I elaborate on each of the 5 methods identified above.