The economic situation in the world is quite tough right now. Although it could be tempting to get stressed by financial troubles like most people, there is a different way you can look at it. You can look at it as an opportunity.
How can a bad economy be a positive thing for you? While layoffs and downsizing are becoming a reality for a lot of people, those same people are now looking for ways to earn money – online, offline, cheap and free. Because there are so many people searching for money-making ideas, this is a huge opportunity for you. You can provide legitimate money-making ideas for others and make money yourself.
Here are a few ways how you can do that.
Create an Online Community or Blog
Because people looking for money making ideas is such a hungry market already, you can very easily tap into that market and profit by creating a blog, website or online community. It’s very easy to find or come up with a wide range of business ideas people can use to start businesses with, especially for those on a limited budget. By creating this Internet community, you would be adding a valuable resource by giving your visitors a place where they can talk about business ideas.
Once you’ve created your site, you can generate income using several different methods. The easiest method would be to display advertisements through the Google AdSense program. Another way to make money would be by promoting other people’s products and collecting a percentage of the profits.
Once you have your website, community or blog up, you can make money several ways. The simplest way is to display advertisements from Google’s AdSense program. Another approach is to make money by selling other people’s products and collecting a small commission. More on that in a moment. There are many other ways you can make money by sharing business ideas. For example
Put Together Your Own Downloadable Product
Millions are made selling e-books about business ideas. While it can be very tough to compete in the big “How to start a restaurant” or “How to invest in real estate” markets, you can easily dominate smaller niche markets without too much competition.
An online informational product is a bit of work to put together. First, you’ll need a solid idea to get started. Then, you’ll write the e-book or record the information in an audio format (you can hire a writer if you aren’t knowledgeable on the topic). Once your product is complete, you’d create a website or blog with a compelling sales copy and set up a method of payment.
Of course, you’ll need to provide ongoing customer support for your products and continually promote (market) your website to generate sales.
The great thing about the online format is that you don’t have to ship anything or print anything. Everything is easily downloaded to your buyer’s computer.
However, if that sounds like a lot of work, an easier alternative is to
Sell Business Idea Products Through Affiliate Programs
Even if you don’t want to go through the process of creating your own product, you can still make a lot of money by selling other people’s products instead. Most other entrepreneurs who create products that teach how to start businesses have what’s called an “affiliate program.” These are programs that will pay you as much as 50% of the sale price when someone you refer buys a product.
The great thing about referral marketing (better known as “affiliate marketing”) is that you don’t need to make your own product, you don’t need to handle fulfillment, and you don’t need to handle customer support at all. All you need to do is send people to your specially encoded referral link. If you regularly are the type to tell friends about a great new restaurant, store, or product that you’ve tried and liked already — this could be the perfect way to make money online.
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Filed under: affiliate marketing
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