|
|
How to Turn Every Hour Into a Regular, High Income Earner for Life!
publication date: Oct 23, 2008
Hi
Have you ever wondered why it is so many people want to make money online but very few actually achieve that ambition? Might you even be one of those people?
If so, you know the reason isn't because you lack talent or business acumen, it certainly isn't because there's no place for newcomers to join the ranks of millions of people all over the world who make their entire living online.
The fact is anyone can make money online, anyone can make their fortune online, but only if they understand the basic principles involved and stick steadfastly to a rigid wealth creation plan.
The biggest problem facing new Internet marketers is not having a proper plan in place.
The old saying: 'Fail to Plan and You Plan to Fail', really does explain why so many people become quickly disheartened when their early attempts to make money bring nothing but frustration and disappointment.
The pain is worsened by successful sellers promoting courses showing how they made millions on eBay; how they sells hundreds of affiliate products every day while paying just pennies to advertise; how they write hundreds of short articles each month, every one of which generates double figure product sales.
Are those people lying, are they making money from other people's misfortunes, or is it possible those
people are telling the truth because they've solved the mystery of making money online?
Short of a handful of liars and cheats, I'll swear the vast majority of successful Internet marketers are genuine, honest, entirely credible individuals who not only work hard but also spend as much time planning how to make money online as they do actually putting their ideas into practice ….
….. and most of them plan their efforts daily!
Having a daily plan, a 'to do' list if you like, keeps the mind focussed on the challenge ahead and prevents time being wasted on non-profitable tasks.
Essentially, that daily plan should be broken into separate steps from beginning to end to ensure all essential elements are present and in their correct place.
It's also important to focus on a specific individual task, or tasks, daily, and to ensure at least one and preferably all those tasks are completed when you switch off for the day. The alternative is to move between different jobs, waste time wondering what to do next, and by end of day you achieve absolutely nothing!
If you're not a focussed person, which describes many of us, then you should decide on a task for the day that either makes money right away or which takes time to generate guaranteed and often very high hourly earnings.
An example of a task that makes money right away is going to a flea market, buying something you know is worth ten times the price you paid, then listing it later on eBay and making money in a couple of days.
That other kind of task, the one that generates money more slowly, but can generate much higher earnings than any fast money task, involves doing something that generates regular income. You might make money from Google AdSense, for example, or from sales of books on eBay, or a Google AdWords campaign that takes a day to initiate but which generates several ClickBank sales daily.
The second type task, the slow but sure technique, can generate the highest earnings, and it's the preferred method of most marketing gurus, even though money is sometimes slow coming and often involves really tiny amounts.
Let me give you some real life examples of these slow but sure money-makers based on my own experience. They're not all eBay related and that is because we're continually suggesting our readers view eBay as their base business and use whatever other time is left in the day to grow additional income streams.
* I have a web site that took less than a day to create, it has about forty articles monetised with Google AdSense and a couple of ClickBank promotions. It also has links on every page to products available at one of my main websites. The site earns me AdSense commissions every day, usually just two or three dollars, which over the year amounts to a tidy sum. I've hardly touched that site, or others like it, since I created it more than four years ago and already it's earned me just over $1600 from AdSense. I've no idea how much the day creating that site has earned me from ClickBank and other affiliate products, or orders for my own books, although I'm sure it's substantial. But that $1600 from Google, for a site that took less than eight hours to create, actually much less, represents hourly earnings of approximately $200, with more still to come.
* I like creating eBooks from the public domain and selling them on eBay. I have literally hundreds listed right now including a selection of books about specific dog breeds each of which took about four hours to create. I sell them on CD at about £4 profit apiece with most breeds fetching two orders minimum each week. Two orders each week at £4 unit profit makes £8 profit which, over the year adds up to £400 pure profit, earning me roughly £100 every year for every hour worked. Should those books continue selling, as I'm sure they will, over ten years I'll have earned £1000 for every hour worked.
* I list hundreds of products on eBay, many from wholesalers and drop shipping companies, each one chosen after careful testing for profit potential and possible Second Chance offers. Some products earn £100 unit profit and more, the majority make around £10 pure profit per sale. Each product takes about a day, usually split over a few weeks, to select, photograph and list, test and determine profit potential. I can test several products this way each week and find around half become regular high profit sellers. So roughly two days' work generates one successful and one unsuccessful product. Most products sell five or more times per week, making £50 pure profit for the five successful products involved. Over the year that makes £2500 I'll earn from two days work, about 16 hours, earning me about £150 every year for every hour worked.
More ideas I haven't tried personally:
* Sell essential hobby related items on eBay and grow a mailing list for back end purchaseson and off eBay. The secret is to sell really inexpensive 'must have' items to people in a tight niche market and subsequently to offer those people more expensive items. Here you are not only growing a mailing list, you are also getting people to trust you as a seller by promoting really inexpensive items from a high converting eBay listing. 'High converting' describes a listing that turns visitors into buyers as opposed to one that is poorly created or packed with mistakes and leads potential buyers to mistrust the seller. Most people will risk a few pounds to a seller they don't know and have no reason to trust. Additionally, a really great sales letter is sufficient to turn the most sceptical person into a first time and ultimately regular buyer. Those two things, cheap price and great sales letter, will tempt more first time buyers much faster than selling expensive items from a crappy or moderate eBay listing. Good examples of this type of project at work is selling guitar strings and selling guitars on the back end, selling packets of seeds and marketing greenhouses later, selling CDs about travelling to exotic locations and promoting expensive holidays later.
* Buy domain names inexpensively, create a simple web page, add public domain or private label rights articles. Monetise the site with AdSense and ClickBank promotions, grow traffic by writing articles and directing them to the site or by using Pay Per Click promotions. Later sell the site with domain name on eBay for at least four times its current monthly income. The alternative is to keep the domain and the site and enjoy the income yourself. The main problem with the latter option is that your site will begin to decrease in value if you stop promoting it and ultimately will be worth little more than the price you paid. It can be better to get the domain, create the site, generate traffic, gain income, then pass it over to someone else to promote.
* Choose a product to promote as an affiliate, or upload a web site for a popular resell rights product. Install a PayPal payment button. Write ten or twenty 300 word articles about the product and the concept involved, write a couple of book reviews, upload them to your own web site promoting the product and link each article to your sales page. List your articles on your own blog, create and place them on a Squidoo lens. Upload the articles to as many online article directories as possible in the course of one day. All will link back to your site and you'll also have people reading your article and clicking on the link, as well as webmasters publishing your article on their sites, all of which can generate sales for you. Don't worry about researching keywords for your articles at this stage, and don't concern yourself about search engines not liking duplicate content. You are looking for visitors to article directories, and to your own site, who read your article and ultimately purchase the product. This process is easy, it's not scientific; you’re playing a simple numbers game where the more articles you post, the more visitors you'll get, and the more money you'll make. Imagine, from that one day's work, if you only sell just one item each week, at £5 pure profit, that's £250 a year, every year, and ultimately a good hourly income to boot.
* Find a major market, on or off the internet, where potential buyers congregate in huge numbers, such as a popular Internet forum, a high circulation daily newspaper, people emerging from a city railway station, a high traffic dog show, and so on. Find an affiliate product to interest these people and get a good domain name describing your target audience and product. Have your domain name 'forwarded' to the affiliate product owner's site. Create business cards, place classified ads, distribute handbills, use Google AdWords, place postings in forums. Make sure your promotions include your web site address for people to place orders and generate commissions for you. For example, at flea markets where I sometimes sell vintage postcards I place purchases in a paper bag featuring an advertisement inviting people to check out my book about selling topographical postcards on eBay; at dog shows I have business cards detailing affiliate sites selling dog breed jewellery, at the gym I've placed an advertisement on the notice board highlighting my site selling health and fitness supplements.
There now, if I can do it, so can you. Just do it, starting first thing tomorrow morning.
Happy eBaying!
Avril
|
|
.gif)
