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How Do I Get Money Online?
I doubt i even have to mention his name.. Mark Zuckerberg, the creator and brains behind facebook. This internet giant is now worth over 700 MILLION in US dollars. of course It is not only Mark who owns all of this internet success, there’s YouTube, Mozilla, Runscape and many more, all owned by young entrepreneurs under the age of 30!
As most young entrepreneurs, I have had my failures and successes. Learning from every single one of them was key to understanding the next step. Each failure also provided me with the understanding of what not to do. I believe that any true entrepreneur understands that failure is apart of the process, but you should never give up on your hopes and dreams.
So I’m now 22 and wanting some of this space on the internet myself, and I’m going to try and get myself out there and earning.
So I’m going to share with you some of my ideas, some ideas I’ve found on the web and id love to hear your own ideas as well!
Ok, so we don't all have the same skills as Mark, but you only need basic computer skills to generate your own income from home, any one can do it with a basic computer and internet connection. All you really need besides your PC, internet etc is commitment and drive to be successful and that's your recipe for internet success!
· Affiliates (Selling other peoples products for a cut in the profits)
These are some of the most popular ways of making money online that i have found. I have been doing a lot of research on each subject over the last few weeks and decided that I'd like to write and share with you what i have found out.
Selling items on eBay is probably the most 'user friendly' way of making a living online, nearly every one I know has the knowledge to sell and buy items on eBay with their own account. eBay is very easy to set up and payments are now made really easy using paypal.
The way to become a success through eBay is to become a 'power seller' - buying your stock and P+P in bulk at discounted prices = generating a greater profit margin on each item you sell. You have to try and get your chosen product as cheap as possible from the retailer, your always trying to greater your profit margins.
example breakdown of costs.
Product Name: EXAMPLE
Cost Per Unit: £16.60
Product sold on eBay at £24.99 + £4.99 Postage (Total Income Per Sale £29.98)
Costs to be deducted:
eBay Listing Fee (Buy It Now Multiple Item - 25 units on one listing): 40p (0.01p)
Stock: £16.60 per unit
eBay Final Value Fee: £2.47 per unit sold
PayPal Fee: £1.22
Packaging: 14p (packing becomes cheaper the more you buy in bulk)
Actual Postage Cost: £1.63
Total Costs: £22.07 per unit
Sell at £24.99 + £4.99 p&p (Total £29.98)
Profit per unit = £7.91
Fairly simple and cost effective, if you sold just 5 of these items a day you are making £39.50, sell 10 and you make £79.10 in profit, which is a nice little extra to your daily earnings for very little work. So maybe you want to take things further…your profits become your own personal targets - the more effort you put in, the more money you get out of it. I've tried making money through eBay, and it does work and it’s very easy. I sold 'Jack Wills' clothing on there for a short while and made some decent money out of it, I currently have full time commitments but would defiantly consider selling on eBay full time.
Google pay you to advertise on your webspace/blog
Easy money made through google, now this is a very simple concept, allowing google to advertise there own advertisments on your own website or blog relevent to your webpage content e.g. your webpage contains info about weight loss, the advertisements will be about weight loss. Now how you make the money is fairly simple to explain - If someone clicks on the google advertisement on your website, google will pay you.. ITS THAT EASY. The only thing your not alloud to do is ask/promt people into clicking the advertisement.
How do i get paid? Google will send you a monthly cheque with your name on it... it just gets easyer and easyer.
Now this payment depends on the content of your website, you will be paid more for niche markets e.g.
· Real Estate
· Weight loss
a lot of niche subjects, but here is just a few, potentially you will get paid
between 20p and £5 per click, all depends on your site content. So if you get it right, your in the money, 10 clicks could gain you £50.
Now I’m not going to go on to much about AdSense because I'm sure that you are all very aware of it, but i would very much like to hear of your success through AdSense as its one I’m trying out myself at the moment.
I’m not having to much luck using Adsense at the moment, but i understand its all about attracting traffic to your web page or blog, which is what I’m really trying to do. AdSense is probably the best way for young entrepreneurs to make money in this current climate, with so many social networking sites to choose from! So, sounds like an easy way to make money, but you do have to put time and effort in to attracting traffic to your site.
Ebook's (electronic book) are generally written for small subject groups, displaying information on niche subjects e.g. Internet marketing, weight loss programs, diets, and many more.Most Ebooks claim to offer you vast amounts of knowledge that you cant receive anywhere else with 'MY ONE TIME SPECIAL OFFER' ploys to draw you in. Well they do give out much useful information, but its weather the reader is able to manipulate the information and use it to there advantage. During my research i obtained an Ebook claiming to have a very usefull Google AdWords system, i can send this to you for free via e-mail if you wish and you can make of it what you want.
Ebooks are sold and marketed over the internet, instantly
downloadable to the buyer. Price's for Ebooks vary and can cost as much as
£200. One of the most popular markets being targeted by Ebook sellers is the
'how to make money online' markets, and if you type this in the google search
engine you will see that it finds 185,000,000 different websites referring to
this quote, so alot of market potential out there, but alot of competition..
There is defiantly a lot of money to be made through ebooks, and if you dont have time to write your own Ebook, you can easily obtain the selling rights to Ebooks online, possibly through eBay and other similar sites. Once you have the rights to sell the Ebook its all about advertising it online and attracting traffic to your webiste you are selling it on.
Please leave all of your comments and questions! Thanks for reading.