Saturday, February 14, 2009
4 New Income Streams To Your Online Business At No Extra Cost
position your business/service to earn more, and at no
extra cost or time to you..
Most of your high volume traffic will not ultimately be
interested in any single offer.
Thus, to maximize revenue, diversify...
Use the same method that today internet millionaires are
using, and make huge profit, even when you dont have a
product of your own.
You will need to follow the four simple but high-yielding
steps below.
Step#1: Start with Google Adsense.
Adsense ads are just like the Adwords Ads you see on the
right-hand side of a Google result page... except that
they are on your site.
Basically you place Google Adwords ads on your site(s), for
every ad clicked, you get paid. Google Adsense is FREE,
easy to join and implement, you don't need to look for
advertisers, it reduces your workloads, and ads
automatically adjust for each page's content, you get
higher credibility being a Google partner. And best of all
you will have ongoing advertisers that will never run dry.
Experts after experts have all proclaimed Google Adsense to
be the most exciting thing ever to happen to small business
sites. Some visitors will click on your Google Ads, but you
need to develop a mix of supplementary monetization models
(build multiple stream of income) for bigger profit... at
no extrta cost.!
Step#2: Use well-chosen Affiliate programs.
This is a high reward/low risk website monetization option:
no product development, no inventory, no shipping, etc. And
it's free to join.
To reap huge benefits from affiliate programs you need to:
* Develop best site concept/theme and select best related
affiliate programs. Diversify your affiliate monetization.
* Take what you know, what you love (just
anything, any topic), and turn it into a theme-based
content site, to attract high targeted, interested
precustomers and refer them to your affiliated merchants.
Through this you will generate higher click-through rates
than straight advertising since you will recommend products
in a contextually-relevant way.
Step#3: Build "finder relationship" with local businesses/
services.
There are millions of thriving local businesses who have no
idea how to use the net. They will pay you for referrals.
You can link your site content to send visitors to specific
businesses (offline businesses especially), earning
referral or finders fee. Here's how it works: Your
theme-based content attracts targeted visitors, then you
recommend a business or service. You get paid for the lead
or sale that results.
For example: As an infopreneur, you can provide a form for
visitors to use to contact your favourite real estate agent
and you earn thousands of dollars from villa sales and
rentals. You will add thousands more when you add referrals
to local boat charters, tour operators, inns etc...all on a pay-per-lead or pay-per-sale basis.
Step#4:Extend into new income-generating area.
This will depend on your particular niche and business
intentions. You may consider the following areas:
(1)E-goods: You can produce a software, ebook, e-photo etc, that contain info that people are willing to pay for.
(2)Service Oriented businesses: Offer a service related to
your niche: book indexing,personal training, hoteling, etc.
You can build a local or global client base.,
(3)Hardgoods:You can create or sell your own goods, or sell
as an affiliate or put up your own store.
(4) SOHO'S/NOHO'S: You can run a full business from home,
full time or part-time.
(5)Network marketing: Build your site that attract and
presold warm leads to call you all day long.
(6)Ebay/online Auction:You can put ebay to work for
you,auction products on the net.
(7)Web professionals:You can be a webmaster that builds
professional sites that can generate traffic for clients.,
etc.
The bottom line: Your monetization mix should include at
least two of the above models. Putting all your eggs in one
basket is a high risk strategy. By diversifying, your
revenues increase, your business is more stable and you are
in charge of your business destiny.
1,001 Deals and Steals: A Guide To Online Classifieds
Some naysayers way back in the 1990s predicted that online shopping wouldn’t last. Sure, and they said television was a passing fad, too! As we all know, just the opposite has occurred. There’s a television in every household, and more than likely, the homeowner bought their television online—along with his books, music CDs, clothes, and maybe even his home.
Internet shopping is bigger than ever. You can find anything and everything for sale online. Many times, you can find it cheaper online than anywhere else. Internet shopping offers so much more than a discounted price tag, though.
Imagine a shopping mall where there are no lines, where there are no jammed parking garages, and no pushy sales clerks. This is no land of make believe. It is the Internet, where you can discover unprecedented selection, convenience, and opportunities. Online shopping gives you the luxury of browsing hundreds of stores from your living room, while saving on time and frustration. It provides you the chance to compare prices to your heart’s delight on a near limitless selection of brands and models.
For even more benefits, try your hand at classifieds and auction Web sites. These sites are like yard sales and flea markets rolled into one. Unlike retail shopping sites, they offer:
Access to super secondary markets. Take your pick of secondhand or brand-new wholesale goods at steeply discounted prices. The vendors at classifieds sites can get away with it because they aren’t paying high rent for a storefront or a warehouse. And in many cases, you’re not paying taxes.
Tools to locate unique and rare collectibles. Imagine a classifieds site to be like a sunken pirate boat, laden with cultural artifacts, hard-to-find heirlooms, and priceless antiques. The Internet is your deep-sea vessel, sonar, and oxygen tank all in one.
Reach beyond your neighborhood. Search through the inventory of a vendor from your home town, or if you don’t find what you’re looking for there, try that fellow in California, Texas or Canada for that matter.
Close relationships with vendors. You deal with real people—not big, impersonal corporations—when you buy on classifieds sites. They can provide more details about the product, which you can then use to bargain for a reasonable price.
Despite this bounty of benefits, you might still be hesitant to dive into Internet shopping. Don’t be embarrassed. You have good reason to take your time and weigh your choices. According to the U.S. Federal Trade Commission, Internet fraud tops the list of the thousands of fraud cases that happen every year. In some ways, WWW could stand for the Wild West Web, in that anything goes. Vendors can be villains in disguise, and there aren’t any online Wyatt Earps to protect you from these bad guys. You’re on your own.
But give yourself some credit. You have the common sense it takes to survive the WWW. It is the same commonsense that helps you make the most of your money on your standard shopping trips. Become familiar and comfortable with an online vendor before jumping into a purchase. Ask questions and do a bit of research.
After doing your research, you’ll feel more confident in searching for your online booty. To refine your findings and whittle your list to only the exceptional sites, look for these additional qualities:
- A focus on local shopping, so you can feel more confident buying from neighbors.
- Free education and advice on safe purchasing.
- No-cost and easy browsing through available merchandise.
- Search tools that let you prioritize items by category, location, and distance.
- A straightforward pricing system that avoids the haggling and risk of auction bidding.
- Quick price comparisons among different vendors.
Unbelievably, a few trustworthy, practical, and exciting Web sites exist that have all of these features. To find these websites, simply browse through Yahoo’s directory under the classifieds category. The best of the online classified sites offer these services free to buyers such as you. Some of these sites can link you at no charge to your neighbor selling the antique lamp that you’ve been hunting for or that retiree looking to unload an incredible piece of real estate—or the cowboy looking to sell his big-screen television.