So you’ve finally decided to take that huge leap of faith and launch your own home-based internet business. You’ve decided it’s now time to take the plunge and claim your piece of the online fortunes you’ve been hearing about. The only difficulty is that now that you’ve made your decision, deciding what to do next appears to be a huge undertaking. To explain the problem, the term “information overload” appears to be an understatement.
If you’re serious about beginning your own home-based internet business, the following step doesn’t have to be all that difficult. There are three pretty straightforward ways to begin earning an internet income, and one of them will undoubtedly fit your specific vision of what you want to do. So sit back, take a deep breath, and scroll through the list until you discover something that speaks to you.
1. Be a part of one or more affiliate programs
This is most likely one of the simplest and quickest ways to begin earning money online. The internet is teeming with items that have affiliate programs that you can join, and the majority of them pay you significant commissions. When you join an affiliate program, you are simply agreeing with the owner of a product that you will receive a commission if you recommend a prospect to that person’s product (typically a sales page that you have led the prospect to via your affiliate link) and that prospect ends up purchasing.
Begin by selecting a product or service of interest, and then visit some of the websites that have obtained top rankings for the keywords that define that topic. You’ll almost certainly find the best affiliate programs for that business rather fast. Alternatively, go to one of the many affiliate program directories (you can find them easily on Google) and browse their listings and recommendations until you find something that interests you.
This is a wonderful one for beginners because you don’t even need a website to get started. However, you will need to learn how to use pay-per-click in order to drive targeted traffic to your affiliate link. Once you begin to generate some income from pay-per-clicks, you may begin reinvesting some of your profits and establishing your own website. By then, the notion of creating your own website won’t seem so scary.
2. Participate in a Residual Income Program
Residual income programs are similar to affiliate programs in that you are often compensated for sending a prospect to the program’s website and having that prospect make a purchase. The difference is that with these programs, you can also earn a monthly recurring income if the prospect you suggest becomes a paid member of the residual income potential program. For example, I am a participant in one of these programs. If a prospect visits my website and clicks on a link that sends them to the product’s sales page and purchases it, I receive a commission. However, if that prospect also decides to join the residual income opportunity program, I will receive a monthly check as long as that prospect stays a member of that program.
People are cautious of these programs and often connect them with pyramid schemes. The simplest method to tell if one of these programs is a pyramid scheme is to see if the firm in question provides a genuine, honest-to-goodness product or service. If this is the case, it cannot be categorized as a pyramid scheme, and you should be fine. Don’t be put off by the fact that you will almost certainly be required to pay a monthly fee to participate in the residual income potential. If you can establish a downline in one of these systems, the monthly fee will be insignificant in comparison to the potential residual revenue you could receive. A lot of these applications will give you your own cookie-cutter website, which is fine if you’re just starting off. Again, use pay per click to generate some traffic and then focus on getting your own site up and running so you can begin to grow your own opt-in list.
3. Provide a physical product or a downloaded information product for sale
Okay, I know this one doesn’t sound so simple or easy, but to be honest, it’s not as difficult as it appears. Selling a hard good requires selling an actual physical object (such as fishing poles) through your own internet retail site. If this concept appeals to you, go for it. Brainstorm some things you’d like to sell, then use Wordtracker to conduct keyword analysis to build a specialized specialty within that industry (deep sea fishing poles?).
Following that, you may utilize a drop-ship source directory or search engines to discover manufacturers or distributors that will drop-ship the product for you (meaning they will ship it directly to the consumer and you will not have to carry any inventory). Then go to eBay or Yahoo and open an account with one of their stores. I know from personal experience that Yahoo provides some excellent merchant hosting packages that are simple to utilize. They’ll even put up a shopping cart for you and assist you in obtaining a merchant account (so you can accept credit cards). Furthermore, you’ll have some traffic built in because millions of individuals use their shopping directory to explore for products every day.
Now, in terms of the information product, By the way, I’m referring to YOUR OWN INFORMATION PRODUCT. Everyone and their mother will tell you that this is the finest method to make a lot of money online. Write about something you are familiar with and/or enjoy. The subject of online marketing appears to have been overdone. Unless, of course, you are a true expert on some niche internet marketing subject, in which case you should absolutely do it. Simply said, don’t do it because everyone else is.
You don’t even have to do the actual writing if you don’t want to. You can publish your job on a site like elance.com and have authors bid on completing it for you! And there are so many simple PDF ebook makers available that formatting the book should be a piece of cake. Set up a simple one-page website with a payment processing link, optimize the site for search engines, use pay-per-click, find some joint venture partners, and you’re in business!
By the way, I know some individuals who have around ten or fifteen of these little mini-sites set up, selling little reports on specialized themes and making an average of $2,000 per month from each one. And they’re super simple to set up and run on autopilot once you do!
So there you have it. Just a few basic methods to get you started on your journey to reaping YOUR part of the online gold mine!