Tuesday, June 9, 2009

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.

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