The 5 Best Ways to Make Money Online Starting from Nothing
| Category: Home Based Business - Getting Started | Date: 2003-09-04 |
Internet business doesn't have quite the buzz that it once did. Back in the olden days (the late 90s), any old Tom, Dick or Harry could stroll into a venture capitalist's office, stroll back out again 5 minutes later with $2,000,000 and live a life of Ferraris and exotic holidays, maybe putting a website up if they got round to it. (OK, I may be exaggerating a little.)
It's fair to say though, that most of the Internet businesses set up at this time were ill-conceived, inappropriately marketed and many were even totally impractical. This was the cause of the 'dot bomb' company failures of 2000. The businesses simply weren't making money despite all the investment and inflated share prices.
Nowadays entrepreneurs have wised up. You can now find a huge abundance of information available about making money online. People must bear in mind, though, that not all marketing advice was created equal and some info will be much more useful that others. Hopefully, by the end of this article, you'll have a much better idea when it comes to online business.
You can count yourself in good company if you feel unwilling to risk, large amounts of cash in setting up your business. This article exists for people like you as a way of revealing the best ways that you can make money for very little or no investment.
1. Create Your Own Products. I don't mean you should get your hammer and chisel out and start carving wooden gargoyles to sell online (although if you can make money doing that, then go for it). The top seller on the Internet today is information. After all, what was the Internet created for, if not to share information? The main method of doing this is through electronic books, or ebooks, which you read on your computer screen.
So how do you create information that people would pay to read? Money making information tends to be the most in demand, but of course, this is also the most competitive. You can make money out of most 'how to' information on the Internet, but there are a few staple subjects that you can trust to be of interest to a large number of people.
Hot sellers include starting your own business, investments, improving your love life, losing weight and gambling. To see what's selling well, take a look at the ebooks for sale on Clickbank.com, a website that specializes in selling information products - http://www.successgold.com/cbankmarketplace.htm.
When it comes to info about writing ebooks, I would recommend checking out 'eBook Secrets Revealed'. For more info, head on over to http://www.successgold.com/ebooksecrets.htm.
If you already know a lot about one or more of these hot topics then great, if not, don't worry. You can always learn, or you can start out with option 2:
2. Sell eBooks with Resale Rights. When you buy an ebook with resale rights, you not only purchase the ebook, but also the right to resell it. This means you can charge for it in the same way as the original seller did. Very often you may also pass this right along to your customers, meaning that they can sell it as well. To permitted to do this, is to own 'master resale rights'.
Simple right? Well, you'd think so. But, the original seller of the ebook probably built up a number of systems for bringing fairly large amounts targeted traffic (people interested in that type of product) to his or her website. Now this task passes to you.
Unfortunately a lot of people will just give up, or end up trying to sell the info on eBay auctions for an insanely small amount. Of course, there are ways to make good money selling information on eBay by doing it in a unique way such as on specialized CDs or in your own unique package, but unfortunately most eBayers don't seem to know realise this.
3. Join Affiliate Programs. Affiliate programs provide the simplest way to start making money immediately on the Internet. Most websites selling virtually anything online will have an affiliate program. This means that you can sign up with them and receive a customized link which relates specifically to you.
You can then promote this link and get a percentage of the sale. This can range from as little as 1 or 2% for a hard good with a low profit margin, such as a musical instrument, up to 50% for a downloadable product (with a very high profit margin). Profits Vault Monthly offers the largest affiliate commission that I could find at 67%, plus you get paid every month: http://www.successgold.com/d/t/3/.
4. Make Money on Internet Auctions. eBay.com ranks among the most visited sites on the Internet. It gets massive amounts of traffic and you can sell almost anything on it. Becoming a full time eBay seller is one of the most common ways for people to make a living online.
There are a number of ways to go about selling on eBay. You can specialise in antiques, collectibles or some other lucrative area, you could buy cheap goods in bulk from auctions or dealers in liquidated stock, or you could try your hand at selling information. One underused method with great potential for making money on eBay involves selling websites. For more info, take a look at http://www.successgold.com/d/t/4/ and subscribe to the ezine.
One of the best sources of information available about selling on Internet auctions, exists as 'The Silent Sales Machine Hiding on eBay'. Learn more here: http://www.successgold.com/silentsalesmachine.htm
5. The final way to make money online starting from nothing is Drop Shipping. Drop shipping allows you to sell all manner of physical items from your website, be they CDs or wardrobes, without having to keep any stock whatsoever.
When you set up a drop shipping arrangement with a supplier they agree to send the item that you sold out to your customer for a set fee. Anything above that amount, you get to keep as profit. A lot of businesses operate in this way on the Internet and you can see why.
For a great source of drop shipping information, I would recommend: 'The Drop Ship Source Directory'. Visit the site at - http://www.successgold.com/dropship.htm - and don't forget to download the free ebook. It rates as one of the best I've ever come across (and I've got a lot of free ebooks).
Well, your introduction to the best ways to make money online with a tight budget is complete. If you'd like to find out more, then you can signup for the free "Scientific, Mathematic, This-Is-What-Einstein-Would-Have- Done Approach to Earning a Monthly Income on the Web!" free 7 day ecourse, available here - http://www.successgold.com/d/t/5/
© Joe Beaven - All Rights Reserved
About the Author
The Top Info Products Information and Software Available with Resale Rights Anywhere, Now on a Money Saving, Time Saving, Incredibly Convenient CD successgold.com
Joe Beaven has been making money online since 1998 by various methods including Internet auctions, information products and affiliate marketing.
Info@SuccessGold.com
http://www.successgold.com
It's fair to say though, that most of the Internet businesses set up at this time were ill-conceived, inappropriately marketed and many were even totally impractical. This was the cause of the 'dot bomb' company failures of 2000. The businesses simply weren't making money despite all the investment and inflated share prices.
Nowadays entrepreneurs have wised up. You can now find a huge abundance of information available about making money online. People must bear in mind, though, that not all marketing advice was created equal and some info will be much more useful that others. Hopefully, by the end of this article, you'll have a much better idea when it comes to online business.
You can count yourself in good company if you feel unwilling to risk, large amounts of cash in setting up your business. This article exists for people like you as a way of revealing the best ways that you can make money for very little or no investment.
1. Create Your Own Products. I don't mean you should get your hammer and chisel out and start carving wooden gargoyles to sell online (although if you can make money doing that, then go for it). The top seller on the Internet today is information. After all, what was the Internet created for, if not to share information? The main method of doing this is through electronic books, or ebooks, which you read on your computer screen.
So how do you create information that people would pay to read? Money making information tends to be the most in demand, but of course, this is also the most competitive. You can make money out of most 'how to' information on the Internet, but there are a few staple subjects that you can trust to be of interest to a large number of people.
Hot sellers include starting your own business, investments, improving your love life, losing weight and gambling. To see what's selling well, take a look at the ebooks for sale on Clickbank.com, a website that specializes in selling information products - http://www.successgold.com/cbankmarketplace.htm.
When it comes to info about writing ebooks, I would recommend checking out 'eBook Secrets Revealed'. For more info, head on over to http://www.successgold.com/ebooksecrets.htm.
If you already know a lot about one or more of these hot topics then great, if not, don't worry. You can always learn, or you can start out with option 2:
2. Sell eBooks with Resale Rights. When you buy an ebook with resale rights, you not only purchase the ebook, but also the right to resell it. This means you can charge for it in the same way as the original seller did. Very often you may also pass this right along to your customers, meaning that they can sell it as well. To permitted to do this, is to own 'master resale rights'.
Simple right? Well, you'd think so. But, the original seller of the ebook probably built up a number of systems for bringing fairly large amounts targeted traffic (people interested in that type of product) to his or her website. Now this task passes to you.
Unfortunately a lot of people will just give up, or end up trying to sell the info on eBay auctions for an insanely small amount. Of course, there are ways to make good money selling information on eBay by doing it in a unique way such as on specialized CDs or in your own unique package, but unfortunately most eBayers don't seem to know realise this.
3. Join Affiliate Programs. Affiliate programs provide the simplest way to start making money immediately on the Internet. Most websites selling virtually anything online will have an affiliate program. This means that you can sign up with them and receive a customized link which relates specifically to you.
You can then promote this link and get a percentage of the sale. This can range from as little as 1 or 2% for a hard good with a low profit margin, such as a musical instrument, up to 50% for a downloadable product (with a very high profit margin). Profits Vault Monthly offers the largest affiliate commission that I could find at 67%, plus you get paid every month: http://www.successgold.com/d/t/3/.
4. Make Money on Internet Auctions. eBay.com ranks among the most visited sites on the Internet. It gets massive amounts of traffic and you can sell almost anything on it. Becoming a full time eBay seller is one of the most common ways for people to make a living online.
There are a number of ways to go about selling on eBay. You can specialise in antiques, collectibles or some other lucrative area, you could buy cheap goods in bulk from auctions or dealers in liquidated stock, or you could try your hand at selling information. One underused method with great potential for making money on eBay involves selling websites. For more info, take a look at http://www.successgold.com/d/t/4/ and subscribe to the ezine.
One of the best sources of information available about selling on Internet auctions, exists as 'The Silent Sales Machine Hiding on eBay'. Learn more here: http://www.successgold.com/silentsalesmachine.htm
5. The final way to make money online starting from nothing is Drop Shipping. Drop shipping allows you to sell all manner of physical items from your website, be they CDs or wardrobes, without having to keep any stock whatsoever.
When you set up a drop shipping arrangement with a supplier they agree to send the item that you sold out to your customer for a set fee. Anything above that amount, you get to keep as profit. A lot of businesses operate in this way on the Internet and you can see why.
For a great source of drop shipping information, I would recommend: 'The Drop Ship Source Directory'. Visit the site at - http://www.successgold.com/dropship.htm - and don't forget to download the free ebook. It rates as one of the best I've ever come across (and I've got a lot of free ebooks).
Well, your introduction to the best ways to make money online with a tight budget is complete. If you'd like to find out more, then you can signup for the free "Scientific, Mathematic, This-Is-What-Einstein-Would-Have- Done Approach to Earning a Monthly Income on the Web!" free 7 day ecourse, available here - http://www.successgold.com/d/t/5/
© Joe Beaven - All Rights Reserved
About the Author
The Top Info Products Information and Software Available with Resale Rights Anywhere, Now on a Money Saving, Time Saving, Incredibly Convenient CD successgold.com
Joe Beaven has been making money online since 1998 by various methods including Internet auctions, information products and affiliate marketing.
Info@SuccessGold.com
http://www.successgold.com
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