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The Money Log

Making Money Online: 6. Affiliate Marketing

How to create that online money-spinner that works automatically, even when you sleep, is a question often asked.

One solution — rather an old one, it has to be said — is affiliate marketing. Essentially, this is signing up as an affiliate with a website selling products off its site. When anyone clicks over from your site and purchases the product, a “cookie” (a little scrap of software identifying you) registers a percentage of the price paid. This may vary from 4pc on the Amazon Associates scheme, to a bumper 50pc for selling an eproduct, like an ebook or ecourse.

Quite often you’ll find an “Affiliates” link in the footer on retail and other websites. An alternative is to use a mass afilliation scheme like Commission Junction or Tradedoubler, where you can choose from a large range of schemes from crafts to credit cards.

So long as the product or service matches the subject of your site, you should be able to make a start.

Many of the early Internet marketers started out on affiliate schemes. Some became millionaires quite quickly, by first doing well, then selling their own ebooks on how they did it.

The secret is to presell the product on your site before the client clicks through to the seller’s site. That way they are much more inclined to buy.

From there, it’s a numbers game. The more traffic your site generates, the more likely you are to get sales. That early lesson made serious affiliate marketers become experts in SEO — search-engine optimization — whereby the site figures prominently in Google and other search results for certain keywords.

An understanding of the keywords searched for for each product is also necessary to do well from this process. There are keyword aids available free on the net.

Affiliate marketing can be tough if you go about it the wrong way. But with hard work and a shrewd eye for a chance, you could do very well at it.

People make whole careers out of advising on how to get websites to feature prominently on search engines such as Google. The process is called search engine optimisation, but it doesn’t need to be complicated.

Duncan Jennings started his first website when he was 17. At 24, now owns www.econversions.com. He says :

“All websites want to appear at the top of the list when someone searches on Google. In response to a search, Google will take all the websites that are relevant and rank them according to the number and quality of other sites that have linked to them. If you can get links to your site on lots of others, you will be ranked higher and you will get more traffic. It builds from there.”

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Is There an Easy Home-Based Business?

Lots of people look to home-based businesses for ways of making extra money. The general feeling is that they are usually underpaid and oversold. But is there really an easy way to make money from home?

For most of us, earning a few extra dollars a month can make a big difference in our lifestyle. But like most of us we work full time jobs, have busy schedules and don’t have the time to devote three or four hours a day to working a second job.

The one thing we all do have is opinions on almost everything, so why not get paid for having them?

There are over 7 million companies out there that are looking to find out what people think of their new products or how effective their advertising is. This information is incredibly important to these companies and they are willing to pay a lot of money to find out the answers.

Online Market Research is a $766 Million Dollar Industry. So why not get your share of this money?

Taking online surveys is the easiest way to make money on the internet. You can take these surveys at your convenience, any time day or night. They generally pay anywhere from $5 up to $250 for taking simple online surveys to participating in online focus groups.

There is generally a very small one time sign up cost anywhere from $25 to $45. Don’t let this deter you. You will make that money up after your first one or two surveys. This charge also eliminates the not so serious people from just signing up and wasting surveys that could be going to you.

An online survey is usually one or two pages long consisting of about 10 to 20 questions that take very little time to fill out. An online focus group takes more time and could involve a series of questionnaires to fill out but they pay much more.

Our guest author is Jim DeFazio, a full-time web developer and internet marketer. Visit http://www.takeonlinesurveys.com to learn more about how you can make money on the internet.

We have no financial interest in the author or the website.

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Making Money Online: 5. Work Harder at Being Smarter

There’s nothing like working harder at a business to make it a success, except working harder at being smarter.

Getting more done with less is an art,
It’s a quality requiring much heart,
But I must confess
How I turned failure to success
Was to work both hard and work smart.

I’ve heard two schools of thought when it comes to achieving maximum success in a minimum of time. The first school is to work hard, long hours; nose to the grindstone and burning the midnight oil. I’ve heard many people say that is the only sure way to achieve lasting success.

But I am sure you know many people who have worked hard for years and have yet to achieve what most people would call success. In fact, you may be one of them. I was one of those people. I discovered many years ago that hard work alone is not a guarantee of success. If it was you’d see more millionaires.

The other school of thought says to work smart – not hard. The work smart philosophy says “less is better.” Delegate, use other people’s time, money, and hands as much as you can. They say this is the quickest way to success.

With so much talk about working smart, many people especially people new to running a business and young people are starting to get the impression that good old fashion hard work went out with the horse- and-buggy. They feel hard work is no longer required to achieve success. After all we computers, e-mail and cell phones. Boy, are they in for a rude awakening.

I must admit they both have their benefits and their limits. Through experience I’ve discovered the best way to achieve maximum success in a minimum of time is to work hard at working smart!

Yes, working hard at working smart will give you the best of both worlds – without the limits each one has by itself. When you work hard at working smart you’re maximizing your potential to the fullest. You have your pedal to the medal and your going full speed ahead – but you’re doing it in the most efficient way possible.

Here are 7 quick and easy ways to help you work hard at working smart everyday. If you take the time make these tips a habit you’ll find yourself achieving your goals much quicker.

1. Work hard at being more adaptable to changes.

Remember that every change that comes your way gives you an opportunity to move ahead of those that won’t or can’t adapt to sudden change. In life they say the only guarantees are death and taxes. I would like to add a third item and that is CHANGE. Try to be the first to learn and adapt to new changes in your industry, in new technologies and new techniques.

2. Work hard at looking for shortcuts in everything you do.

Always be alert to easier more efficient ways of doing your routine task. Can you cut out, reduce, speed-up or combine steps – without sacrificing effectiveness? Don’t fall in the habit of doing routine task with a routine attitude. Stay alert to the possibility of doing it in a different way. Think outside the box if it can save you time, money or frustration .

3. Work hard at thinking ahead as much as possible.

The best chess players always think one move ahead. You should always try to do the same. Prepare yourself mentally before you act physically. This alone will help you avoid wasting time and making costly mistakes. The best athletes establish the habit of anticipating there next move ahead of time. The best quarterbacks know what they’ll do if they’re primary receiver falls down.

4. Work hard at finding working hard at working smart role models.

Always be on the look out for people who work hard at working smart. Here’s a hint; they’ll usually be the people who do more in less time and with fewer sources of money, time or people to help them than others.

5. Work hard at learning quickly from your mistakes and the mistakes of others.

You’re smart if you can learn from your mistakes, you’re intelligent if you can learn from others mistakes – but you’re wise if you can do both. Learn how to fail constructively. You learn constructively when you ask who , what , when , why and how questions. For example, next time who will I consult with first, what did I do wrong, when did I do it, why did I do it and how can I do better next time.

6. Work hard at finding ways to wisely multi-task.

What’s most important about multitasking (doing 2 or more tasks at once)? Is knowing when to multitask and when not to. Routine task is perfect for multitasking. But detailed, risky, and dangerous projects should not be.

7. Work hard at keeping current on the latest technology related to your task.

Allow technology to help you work harder at working smarter. Whatever your task, their is a gadget, software program or tool that can help you do it more efficiently.

It is my hope that these 7 tips will inspire you to think of more ways you can work hard at working smart. The benefits and satisfaction will be well worth your time and effort.

Our guest author, Roy Primm, is a freelance writer who has written hundreds of articles showing how to make money by creating small niche products and services. To learn more about the power of niches go to http://www.NicheBrain.com

The Money Blog has no connection with the author or the website.

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Making Money Online: 4. Building an Online Business

Building an online business can be a complicated process unless you know the right way to go about it. Here Daega Smith shows us his way :

Online business has now been a trend in the modern day of doing business. It is an effective way to make product selling and responding to client orders or comments. With this trend, all of us are hooked to do it. In order for us to build an online business, here are the following tips that we need to know:

1. Register a domain. It is important to have this item because you needed a contact to host the website you are planning. Of course, you must make bargains with different sectors having business like this.

2. Hosting account setup. Having a private account for your website will truly help.

3. Create a simple web site. As we all know it, your website will say all about your business. It will be your window to potential clients. So when you make it, be read and be able to attract huge number of purchases.

4. Upload files to the designated website. All information needs to be placed in the website for all customers to know what you are selling or marketing. Give them all the needed data. These items will now serve as proofs that your product is good enough to be patronized.

5. Auto-responding component setup. Customers make an inquiry about a product or service is a nice start up business. For this reason, an online form that will convince them to make inputs related to orders, etc. is surely a hit. It is more effective if you can provide an auto-responder because customers need not to wait long for your answer.

6. Order process automation. The faster you transact business, the more you win great number of clients. It is effective to do it online because majority of the people are hooked on the internet’s light.

Formulating a Plan
To build any online business, begin with its concept. Online business is more powerful than the method of doing business before. Imagine, everyone has to personally go to a store to buy items but now you can just do it in a single click. After clicking the desired item, you will be prompted to confirm payment details. Before payment was only done in cash, but now, you need to have an ATM or credit card. If everything is already done, then that’s it. You will just have to wait for your ordered item to come in front of your door. As simple as that!

If you plan to make an online business from the beginning, it is vital to make sure you are starting with nice ideas for your business. You must think what you can do best and start from it. Widen your horizons by doing researches related to your weaknesses. Make those liabilities of yours into great assets. By doing these things, you will be a surefire winner of your endeavor.

What are the in-demand products online? Based from surveys, the following are the products commonly being bought via internet:

1. Computer products and accessories. It is high-tech world nowadays and the need for computers and other devices are increasing. This is a big source of possible sales because it is will be noticed by the public.

2. Books and other references. Majority of the people loves to read books of all sorts – it can be fiction or non-fictions, biographies, academic subjects, fashion magazines, etc.

3. Travel packages. To advertise the latest tour packages and cool discounts!

4. Clothes. What’s in and what’s hot in the fashion industry is the usual content of this advertising.

5. Music (audio CDs). We all love music so it is another mine to make business.

6. Gifts for all occasions. The many occasions we celebrate can be a good source of income to all aspring online businessmen.

7. Investments. Investing money or capitalizing on a business is one sure method to attract people. It has big impact because you are proposing to them a way to make money.

The most important thing when you setup online business or all businesses is to make a detailed plan. Plans for all the expenses, the activities involved, the strategies that you will be doing in your business and other constructive factors. If you do this, it will keep you motivated throughout your business from start to end — a successful way on top!

Our guest author, Daegan Smith, is the leader of the fastest growing team of successful home business enterpernuers on the net. His website is at : http://www.comlev.net.

The Money Blog has no connections with this business or website.

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