Wednesday, June 11, 2008

3 Ideas to Make more money online

After you have read enough emails, website sales copy, e-books, and email courses, some ideas begin to stick in your head. You may not be able to use them all, but with a little effort, you can pick out the best of those ideas and turn them into money in the bank. Ideas to earn money are not always free, but if you keep an eye out for them, they may appear from the most unlikely places.

Idea number 1 - Broker Web Hosting Service

This is a combination of online and off-line marketing and I am told it works very well. There is a lot of competition on the Intern these days so I do not recommend that you market this business online for the time being unless you have a big marketing budget. The best way to do this is to register as a reseller with a hosting company such as gator host. They will give you lots of hosting space for less than $29 a month.

Divide up this space into smaller accounts and then sell this to local small businesses owners near you who do not have a website. It is easier to target small business owners because they will see the value of having their own website and domain name rather quickly.
To make this work, you may have to throw in some incentive such as website design, monetization of the sites, and perhaps some other incentives such as automatic submission of each site to directories and search engines. Do not forget that you could also buy the domain name on behalf of each client, and later on you can sell that same domain name back to each client, especially when the domain gets some traffic and back links.
Idea number 2 - Become a Ghost Writer for Other Marketers
There are many online entrepreneurs like myself who need fresh and unique articles on a variety of subjects on a regular basis. Consider writing articles for people like me and sell them on the Internet. Visit digital point forum for ideas. There are several ways to do this. You could write a bunch of articles and sell to a limited number of people, say around 50 people and each person would pay you a discounted price for a bunch of articles. For example, you may charge around $25.00 for a bunch of 10 articles on a particular subject.

If your articles are unique for each person, you may charge more for every each batch of articles you sell. Consider a range of $50 to $85.00 for a batch of 10 articles. You would not however, sell that same bunch of articles to anyone else. There are many people using this strategy right now, and naturally I think it is a great idea to earn money. You can start your research by looking at places such as rent-a-coder, or just look for free lance writers in your favorite search engine.
Idea number 3 - Become an Affiliate Marketer Using Bum Marketing
Used as an idea to earn money bum marketing is taking off like a rocket. I use it myself. Done properly, you can even make a six figure income each year with this single idea. The gist of bum marketing is to find products or services that you know will sell, create a free affiliate link from the publisher of these products or services, and sell on the Internet by using articles submitted to article directories.

Search engines will love your articles as long as they are not copied from elsewhere. Some article directories are more popular than others so your results will be faster. You can begin your search for products at places such as clickbank, paydotcom, or commission junction.
Finding the products you want to sell and setting up the affiliate links are the easy part. Finding a way to get qualified people to see your links is not so easy to do. Here are a few ideas on how you can do this. Begin by creating some kind of review page. You can do this free at places like squidoo or hub pages. Once you set up a simple review site for the product, send traffic to this free site. You can use traffic exchanges, free directories, in addition to writing articles and sending them to article directories with a link back to your review page.
As long as your articles are useful, people will read them, then click on the links you have provided in order to see what product or service you are recommending. So as you can see, you can find lots of ideas to earn money and implement them without much cash or sometimes without any cash at all. I do this and I make sales, so I am sure that you can earn money from this idea too

Sunday, April 6, 2008

Treating Your Blog as a Business

by Steven Snell

Last week I wrote a post Is There a Career in Blogging? that examined the possibility of earning a full-time income with a blog (or a network of blogs). One of the keys that were mentioned for running a profitable blog was to treat the blog as a business, not as a hobby. This is probably a pretty obvious statement for those of us that are looking to make money online, but what is really involved? How can you put this into practice? Here are some of the elements that I feel are critical for treating a blog as a legitimate business.

1. Goals

Any traditional business will have goals that are set for a specific period of time, usually monthly, quarterly, and annually. Blogging should really be no different. If you hope to make a full-time income, or even a solid part-time income, you really should have specific goals of revenue that you need to produce. It seems obvious, but I think many of us don’t take goals as seriously as other types of businesses.

In order for your goals to be effective, they should be time-sensitive (meaning they end at a particular date), measurable, and attainable, although not too easily attainable. I think many of the bloggers who actually do set goals get a little caught up in the excitement and set their goals a bit too high right off the bat. As a result, many of them get disappointed and discouraged

2. Accountability

Along with goals comes accountability. As an employee of a business you can be held accountable if you fail to meet the goals that are established for you. This, of course, can mean anything from a loss of a bonus all the way down to being fired. Too many bloggers initially set goals and then never follow up with tracking them or holding themselves accountable. Of course, I’m not suggesting that you fire yourself if you don’t achieve your goals. Rather, I believe that we could all benefit by taking ownership and being willing to honestly evaluate how our performance is living up to expectations.

3. Priority

Almost all of us are willing to get up each morning and go to work all day for someone else in order to make a living. If we are willing to do this for an employer, shouldn’t we make it a priority to put an effort into our own business? Although most bloggers are doing so part-time, as a business it should take priority over some other things in our life (of course this is a decision that each of us will have to make according to what is best for us). If blogging is not on your list of priorities, it’s probably not a real business and your chances of making money are slim.

4. Scheduling

If making money with a blog is a priority, we should dedicate specific time for it. Blogging becomes much more difficult when it only gets your attention when nothing else of interest is going on. Make an effort to decide how much time you are willing and able to dedicate to blogging each week and create a basic schedule that will help you to get that time in throughout the week. It doesn’t have to be something that you follow exactly each week, but get in the habit of seeing your time as being occupied by your efforts of building your blogging business.

5. Time Management

Now that you’ve scheduled some time to work, it can be helpful to track exactly how much of your time is being spent on what efforts. Try using a tool like Toggl (it’s free) or a more advanced tool like Harvest to see where your time is being spent. Most of us waste a lot more time than we realize and these tools can help to increase our efficiency.

6. Spending

Businesses are willing to spend money in order to make money. Bloggers, however, are usually looking only for the free options. I’m not suggesting that you go out and spend loads of money to build and market your blog, but keep an open mind to products and services that can streamline your efforts and increase your productivity.

7. Bookkeeping

If your blog is a business to you, it’s important to keep good records of your income and expenses. As a business, your expenses will most likely be tax deductible (check with a tax professional in your country), so you will obviously want accurate records. Tracking your income can also be helpful for monitoring your progress towards goals and for confidence and moral boosts.

You can use a number of different tools for this purpose, including a spreadsheet program like Excel. If you’re making decent money with your blog and you want a more sophisticated solution, there are several online programs, including Xero. For most bloggers a simple spreadsheet system will do.

8. Outsourcing

Many successful bloggers have found outsourcing to be an effective way to manage multiple projects. Daniel obviously runs several blogs, and I doubt that would be possible for him without outsourcing some of the work to others. He is certainly not alone. Hiring writers can be a good choice if your blog is producing enough money to cover the expenses. It’s not the right move for everyone, and definitely not for all stages of bloggers, but be willing to consider outsourcing as an option to improve your business’s profits.