Thursday, May 7, 2009

Online business models

There are so many empty promises and scams in the online money making world, that sometimes it is hard to believe that there are really any opportunities out there that can actually make you money. Don't worry though, there are a few opportunities that are legit and can earn you some good money online. They boil down to two online business models: Selling Information and Affiliate Marketing.
1) Selling Information
Offline, you either need to own a magazine or convince a book publisher to publish your book, in order to make some steady money off of information you write. Online is a whole different story. You can easily write a book and disseminate it, either for free or you can charge people for it. This is called an "e-book" and is generally a .pdf file.
You can setup a 1-page website that describes your book and you can place a Paypal or credit card processor link at the bottom, where people can pay you to receive your e-book. If there's a physical book about information you know, then writing an e-book for that same topic can be profitable.
Another key reason this is a successful business model is the low overhead costs. Unlike a book that needs to be published using physical paper, an e-book doesn't require continual printing. That leads to more money for you in the long run.
Another way to sell your information is by having a membership site. This is where people pay you either a one-time fee or on a monthly basis to have access to the information you write. If you provide quality information, people won't mind paying you each month for that information.
2) Affiliate Marketing
This is one of the top ways for people to make money online. There are people literally making thousands, hundreds of thousands, and in some cases, millions, each year, just by doing affiliate marketing.
Essentially, other companies pay you to promote their products, usually on a per-sale basis. So, for each sale you make, you make money. They happily pay people, because they usually end up making a lot more for each sale than they pay you. But, being the affiliate has it's perks too. You don't have to worry about a warehouse, shipping, or dreaded customer service. You just get people to buy and be done with it once you get paid.
You just need to learn how to drive traffic to websites, and you can either create a website that promote the affiliate product, or simply drive people to the program/product that you're an affiliate for, and you can start making some money. With many free ways to drive traffic to a website, you can make money with very little costs to you. Then you can just sit back and start cashing those affiliate checks.
Either model can be very profitable for you, just be sure you learn what it takes to succeed in each category. And understand you won't be making millions overnight, but you can make a decent income online.
In addition to affiliate marketing and information publishing, there are other ways to Earn Money Online. Another great way is to use eBay to earn an income online. Check out my website for other great money making tips, tricks, and insight into how to avoid online money making scams.
Article Source: http://EzineArticles.com/?expert=R.J._Adams

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