The Article by Billy S.T. reproduced with permission.
My friend asked me the other day: “How do I make money on the net? “. "I want a part time job and I want to work from home."
I told him: “Find a product or service and sell it at a huge profit without a middleman reaching out to the direct consumer and make a ton of money “ .
“But I don’t have a service or product, can I still make some money?”
That got me thinking.
The net is a huge market place and contrary to perception, nothing is truly free. One may get a few samples (a few articles, some video or song, some information) free but for tasting the real thing; one has to pay, just like a physical market place. How can I make money without anything to sell? As I thought a bit , I realized that there is one crucial difference in this virtual market place and the real physical market , in that, both the seller and the buyer is faceless and the market is huge , almost the whole world. There must be a few legitimate ways to make some money, I thought. After all the market is the world and the number of consumers is in billions. There must be a way to work from home, as a part time job and make decent money.
What can be my role? What can I contribute or offer for sale?
What is my profile?
I am a consumer and a potential buyer on the net. I can also do some web marketing and am reasonably well educated. I can work part time from home and would be happy with any kind of decent work or job.
Can I make money answering surveys and filling up questionnaires? *** Low Value Job.
After all I am a consumer and my opinions and habits may reflect a cross section of people. I went looking and realized that yes! I can make money answering questions. There are a few legitimate sites (PR / Advertising agencies and net test marketing agencies) like globaltestmarket.com that are legitimate and offer cash or credit for taking targeted surveys and answering questions .But most of them are scams. When ever a site asks you to buy a membership – beware. Whenever something is being offered free – beware of a catch. Read the fine print. But the amount of money promised and actually paid is very different. Maybe I did not get the right guys. Try with a few sites and see the response . Keep trying and you may hit the mother lode. But I think, the guys offering paid surveys made more money than me! However, I do feel that one must at least try once. As they say , nothing ventured , nothing gained. So explore the opportunities that exist and try your luck. Check the response from various websites and keep your eyes and ears open. This gives much needed free information .
Screen out the websites asking for money and go with the ones offering surveys on behalf of well known brand names in the world. Make sure you are eligible for taking the survey. It may be important to live in a certain physical location to be eligible.
Can I make money doing desktop jobs and punching data at home? *** Low paying job
Yes, some companies offer this service. It is legitimate, but pick the right company or be prepared to work for free. I suggest visiting some discussion forums and checking out the information available and the experiences of various people, who have gone through the process, to come to any conclusion. Try to understand the type of work offered by various companies. Explore and use common sense to get the best work possible. Do not be satisfied with low value work. Normally more complicated the work , higher the payment. The kind of part time job most of these companies offer may not satisfy all, so keep exploring and you may find something good.
You desperately want typing work? Why don’t you tie up with companies willing to pay for transcription or back process work? Look for offers on the net for companies who are offering such kind of work. Explore opportunities for high value work and pick and choose the ones that can offer value added typing work. Many companies in India, Europe and U.S.A. offer this kind of work so keep exploring.
Can I make money expressing my opinion and thoughts? *** High Ideas
Blogs are written on almost every conceivable subject. Anyone can write blogs but advice given in blogs is free and who will pay to listen to your comments or thoughts whatever they may be. But there is a way to monetize these blogs and for this we need to understand the Google adSense program. Google has revolutionized the way, advertising is done on the net and they are willing to spread the money if you qualify! As you may know, Google has a revenue stream in billions of dollars and we can share in this bonanza.
AdSense Program *** High Paying google program - Highly recommended
In the AdSense program, Google allows approved websites to post advertisements (given by their advertisers) .They share the revenue generated by the clicks on these advertisements between themselves and the website ( the ratio is kept secret but is quite generous) and post checks over a minimum threshold. Google is one of the most respected companies on the net, hence payments are guaranteed. Set up costs are almost negligible and the revenue stream is generated almost immediately. So what is the catch? The catch is that one needs a legitimate website that is approved by google. The website should generate enough traffic so that a percentage of that traffic clicks on the displayed advertisements and revenue is accrued..
So blogs can be approved by google if they are not on a free server, which means you pay for the hosting, they have legitimate useful content and they have reasonable traffic. There are a few free servers also where you can blog and add ad sense code to make money. But you may have to share your revenue with the provider.
A better way is to add the adSense program to an existing website and generate revenue from existing viewers. This is a quick way to monetize the traffic on your website. Checkout the google.com/adsense program and understand it in depth. This program offers an excellent opportunity to create a part time job for oneself and to work from home.
Now the google adsense program creates targeted advertisements based on the content of your website and each advertisement will pay a different amount of money on clicking . So may be it is better to create a website specifically targeted to get these high paying advertisements? In trying to look for an answer, I enrolled in one of the many websites offering adSense education and tips for free! Keeping in mind that nothing is free , I was sceptical , but went ahead anyway. I was glad I did, because I learnt things about the adSense program that were quite astounding. Without paying a cent, I got many tips for free . May I suggest that anyone who want to make some money and understand the twists and turns of this program that can make a ton of money , understand the program in detail and also make an effort to get to the hidden nuances and opportunities. If you play it smart, you may learn a lot without paying anything to various companies. If you are tempted to go for their paid stuff, well that is your luck and inclination. The only issue, of concern is that google does not encourage such targeted websites and one has to a little careful. Some of the popular ones are forex enterprises, theadsensejerk, googleprofits, adsense-secets and many more. They just ask for a email and send you information that is useful. All of them speak of making huge amounts of money daily. But be realistic! . Even if you are able to make USD 10- 15 a day , it should provide a decent side stream of income. Use some common sense and reasonable logical thinking and you could be making some serious money. Best of luck.
Can I sell some product that does not belong to me and use my marketing skills to make money ?
Affiliate Programs *** High Paying. Needs to be combined with Google adsense and adwords program to be effective.
This question brings us to the affiliate programs on offer . There are many companies with products which are not selling well on the internet and they would be happy to share some profit with you if you help them sell it . Or the products may already be bestsellers and if you wish to partake of the profits, you may enroll in an affiliate program. Generally bestsellers will offer lower profit sharing (commissions) than slow sellers. This is quite obvious to any reasonable thinker.
The issue of affiliate programs is quite legitimate and is ideal for any person who does not have a personal product or service to sell. I suggest browsing through the websites of reputable companies and finding out if they have an affiliate program to offer. The commissions may be slightly lower, but legitimacy is important on the net. So go for it. There are many websites offering hundreds of legitimate and not so legitimate programs for a fee, which may be avoided. If you are tempted by the hot selling promise, go ahead and try your hand.
How do I sell a product or a service which I get on enrolling in an affiliate program?
You can sell a product or a service defined under an affiliate program by generating traffic to your webpage with the affiliate product / service well advertised and hope for some sales. Seems a little iffy, does it not? Not really. Because we have a very powerful tool from google called the adwords program which we can use effectively in this situation.
Adwords Program *** Highly effective targeted advertising program.
You guessed it! Just as you get to display free advertisements under the google adsense program, you turn the other cheek in the adwords program. Here you pay google to display your targeted advertisements on sites that have visitors interested in your product. You induce clicks and pay only for legitimate clicks which brings an interested and hopefully a paying customer to your website (page) displaying your affiliate product or service. He is already an interested person as otherwise; he would not have come to your website (page). Now it is time to convert this interested customer into a paid customer and grab your commissions. At times, even, a one in ten, conversion ratio will be profitable. You need to calculate the difference in the cost of advertising and commissions payable on a sale, to work out the best combinations. Here again , there is a lot of free information available about the adsense/adwords program. The various free tips available with different companies can change your business completely. Do also read the adwords program in detail on the google website to gain an in-depth knowledge. Go for a dual strategy: Get free advice from the companies (promising to make you rich) and get independent confirmation from google. This investment of your time will be very useful in the long term. It will help you create and manage that dream part time job working from home.
I have given the basic outline of the various ways you can make money on the net. Now it is up to you to take the first step and read in detail, research and plunge ahead. With a little luck, you might generate a good continuous stream of income on the side, which can be quite useful. It may not make you rich but with a little luck and good planning, it will definitely leave you better off.
Go get Rich.. Just be careful that you don’t lose it all, because you were stupid or too greedy.
Disclaimer: Above article is for guidance only. We suggest professional help wherever required. We take no responsibility for any or all suggestions given above. Please use above information at your discretion and at your own risk. These are personal views expressed by the author and we take no responsibility for them.
Article reproduced with permission.
Tuesday, November 27, 2007
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