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How to Make Money from Home Easily?
Let me begin by asking these questions: Can money really be made from home? Is this something so easy that anyone can do, like the gurus often claimed? Well, all of this we are about to find out!
Almost every single day Affiliate marketers have been receiving tons of emails and sometimes spam mails from Internet Gurus and so-called Gurus, in an effort to lure them into buying products that they claim can help them to make millions of dollars online. The truth is, internet marketing, in particularly the affiliate marketing arena, has been rapidly evolving over the years, making it tougher for affiliate marketers to realize the kind of profit they used to make, especially in tough economic times like these.
These Gurus know that they themselves are now having a rather difficult time making money online the way they used to, so the only way out, is to turn to the desperate affiliate newbies who are struggling to make their first online sale. Often times, most of these so-called miracle software and products don't even work; they just sit in your home collecting dust, or on your hard drive using up drive space. Below are some of the things affiliates should be aware of:
- Whether online or offline,you have to first choose the right niche - meaning, a product that people need - not want. There is a different between needs and wants.
- Always keep in mind the fundamental principles of economics - Profits In buying and selling are driven by supply and demand.
- Remember if too many people are already selling the product you are trying to sell, it's going to hurt your business.
- Remember to stay away from a product that can be easily substituted or replaced by another -- for example, a product that carries a wide variety of brand names will allow too many choices.
- Avoid products that are low cost, especially if everyone is selling it - You will have to have a lot of customers to make a decent amount of money. Contrarily, if the product is too expensive, a lot of consumers wont buy it, especially in tough economic times like these. It's better to sell a product that's not too expensive and at the same time not too cheap. With an average price product, you stand a better chance of making a few dollars in profit, even though you don't have a lot of customers(example: If you sell 5 of product X each for $50 monthly, you will make $250, while if you sell 50 of product Y for $4 each month you will make $200). You need to have a regular and a high customer base to experience a significant amount of profit when selling a low priced product. So sell a low priced product only if the demand for it is high and the supply is low - Be among the few people selling it.
- Why sell a product online when it can be easily obtained offline at the same price or even better - remember you have to take into consideration the cost of shipping and handling, when shopping online. When a consumer make a purchases from an offline store, there is no shipping and handling costs involved.
- Why sell a product consumers don't replace or purchase regularly? For example, if you sell software, and other technology related products that constantly change or reinvent,that's better. Beware of products like some cooking utensils for example, because once some people buy them, chances are, they might not visit your website again.
- Kids spend most of their parents money indirectly, and the younger generation tends to keep up with the latest gadgets than most older adults - so in this case, it might be better to choose your product with a target population in mind.
- Geographic location is also another key factor - certain countries for example, buy more of certain items online than others - so do your research, find out the country or countries that tend to buy which type of products a lot online.
The bottom line is, these traffic driving software/programs that most Gurus claim can drive millions of visitors to your website are somewhat useless, if nobody or just a few online shoppers need the merchandise you are selling. Even if some of these traffic generators do have the ability to drive traffic to you website, I can bet you that visitors will leave as quickly as they landed on your website, simply because they are not interested in what you have to sell!
The same goes for SEO, it's useless if you don't have a product or service that people truly need. So, one final word of advice to all Affiliate marketer newbies, don't try to spend all your money on autopilot software or "How to Make Millions" books and CDs. The affiliate marketing is not as easy as the gurus make it out to be; you definitely have to do some work, If you want to have a better shot at making money online! You should at least first make it your duty to choose a product that is high in demand. In addition, please give all the other above listed points some thoughts.