zondag 17 januari 2010

The basics of making online money

Quick, How much money do you need to get started with web internet marketing? You have probably heard anywhere from zero to several hundred dollars. The truth is, they are all right. The trick is choosing how you're going to run your business, and what your goals are first. You need to understand some basic theories before you make a decision on your investment.

Everyone who indicates you can start with no money usually forgets to tell you of one important fact. You're building someone else's business. The only way to start 100% free is to use free hosting, free Web 2.0 sites, blogs, and article directories. You'll be required to sell someone else's products as an affiliate. You will not be able to create an email list, since you'd need a good auto-responder service. An email list is one of the most profitable parts of every successful internet marketers business.

Whoever's affiliate product you are selling on the other hand is building a great business. He gets to collect the names, with an opportunity to sell more products. His products may even contain additional upsells for increased profits.

The free services you are using are also making money on your efforts. They usually have some form of advertising to generate revenue. Then in the blink of an eye, they can change their terms of service, or simply go out of business. Suddenly your carefully executed plans have just disappeared, along with your income. You may think this is unlikely, but when a service which was as large and popular as Geocities can close their doors, you must face the facts. No free service is guaranteed to be here next year, or even tomorrow. Build your web internet marketing business on a sound foundation.

This is why choosing the free route is not the greatest choice for a beginning internet marketer. If you are serious about building a business, your web internet marketing should include investments in your own domain name, web hosting, and a service to collect email addresses. You can still have your business up and running very inexpensively, but this time you are building your own business.

Use all of the free strategies to direct traffic to your own site, and leverage their services to increase your sales. This way, even if one service disappears, you still have an email list, you still have your web site, and you still have traffic from all your other sources. Your business is more secure, and more profitable.

By having your own domain, you are also building up your own unique identity and brand, which can help your business grow. People will begin to remember your name or services. You'll be able to step away from selling affiliate products, and actually create and sell your own products for even higher profits.

The basics of making money online start with creating your own business, instead of just building someone else's business. By following the tested, basic methods of making money online, you have a higher chance of success, and wealth.

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