subject: 5 Proven Methods For Making Money Online [print this page] The internet has revolutionized the way many businesses operate. So many people are researching online, reading online and buying online, that if you neglect the power of the internet, your business could suffer.
If you want to capitalize on the power of the world wide web, then you need to understand the different methods for making money on the internet. When you create a website for business purposes, you need to determine how you are going to monetize that website, meaning make money.
There are a lot of ways to make money from a website, but here are 5 popular methods that have proven to be successful time and time again.
ADVERTISING
One of the easiest methods to implement is to make money from advertising. Website advertising works in a couple different ways. One of the common methods for displaying advertising on a website is Google AdSense. All you need to do is place some code on your website and Google tailors the ads to match the content on your site. If your site is about dogs, you should get dog and pet related ads. If your site is about weddings, then you should get ads related to weddings.
Once the ads are active on your site, you make money every time someone clicks on your ad. Of course, you can also choose to sell your own advertising. For example, if your site is about weddings, you may choose to approach local wedding photographers and offer advertising space for a certain amount of money. This method is usually only available to websites that get a very high volume of traffic.
AFFILIATE PRODUCTS
Affiliate products are products of other people or companies. You promote their product on your website and when someone buys that product through your efforts, you receive a commission. They handle the sales transaction, the processing, shipping and customer service. Affiliate sales are monitored through a special referral link, called an affiliate link. You place your unique affiliate link on your website and that's how they track your sales and the commissions owed to you.
Selling affiliate products is an easy way to get started for several reasons. First, you don't even have to have your own product. You can get started immediately by selling someone else's product. Second, you don't have the responsibility of creating products, maintaining a product, handling the transaction, distributing or shipping the product, returns or customer service. The only thing you have to do is promote the product and convince people to buy the product.
YOUR OWN PRODUCTS
If you're not interested in selling someone else's products, you can sell your own product. The good thing about selling your own product is that you get 100% of the money, minus your own costs, of course. An added benefit is that you have control over the quality of the product, as well as the marketing plan. When you invest time and effort in creating a marketing plan, you want to be sure that the product is going to be around long enough to recoup your investment. You can be sure of that when you control the product.
SUBSCRIPTION
A subscription, or membership site, is a common method for making money online. This can be a monthly newsletter, or access to premium content, or anything that creates value, and people are willing to pay for. Monthly subscriptions are desirable because the revenue recurs every month, until the subscriber cancels their subscription.
REFERRALS
If you have a real world business, such as an accounting practice, you need clients to make money. You can't sell your services on the internet, but you can definitely use the internet to get referrals to your real world business.
People commonly search online before they hire someone to do any kind of professional work for them. If your website is optimized for search engines and properly designed to convert visitors into leads, then you can use the internet to get referrals to your real world business. That is the power of the internet.
by: Hugo Degallo
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