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Making Money online can be one of the most rewarding, profitable and fun businesses to be in. But it can also be the most challenging, frustrating and money draining enterprises as well. Here is my take on the money making
opportunities that are offered online today.
To succeed in an online business you need to have the right information and make an informed decision before buying. there are number of different ways to make money and most, approx 90% in fact, is made from one of the following four.
1. Affiliate Marketing.
This is where you make a commission on the sale of someone else’s product that you do the marketing for. Sometimes you’ll need a website or a lead capture page but sometimes you don’t. You can find Affiliate products in a number of different places, probably the most popular is Clickbank.
2. Information Products.
The good news here is that you get to keep 100% of the money from each sale. You can produce your own products or you can outsource and have someone produce the product for you (Elance.com is useful for this) if you don’t like writing. You can buy Information products that have MRS(master resale right) so you sell someone Else’s product and can grant the same rights to your customers, or PLR’s (private label rights) where you can make some changes and put your own spin on the information contained inside and make it your own
3. Business opportunities.
Usually a High Ticket product, this has the most appeal when it comes to wanting to make a lot of money online.
You earn by making a percentage from the sale of the opportunity to someone that you recruit into your team (downline), and you also make a percentage when they recruit people into there’s, creating leverage, by making money from work you didn’t do, hence the appeal. Now this can be hundreds or even thousands of dollars, so you don’t need to sell many to be really in the money.
These opportunities are usually home based online businesses, and are the ones with the flashy websites and back offices, and they attract lots of interest. These businesses usually fall into 3 categories:
a. Information businesses.
b. Coaching and training
c. Travel
They are very lucrative and very sort after.
4. MLM/Network Marketing.
Here you make a small percentage from the front sale and a smaller percentage from your downline, which is why you need to have a huge downline of people to make a lot of money. On the downside, there is a huge drop out rate so you need to be continually recruiting to sustain you income. You also need to have a quality product or it will fail. The sorts of products we are talking about are vitamins, juices etc.
So here’s the secret to making money online:
Find a niche market that wants your product — build a list of subscribers — develop a relationship with that list — sell what they want
This is not rocket science, and using any of the four methods described will make you money.
Now for the bad news…. most will fail!!
and why… because of bad information, the lack of help and support, a poor marketing system, they don’t do whats needed to succeed or they just give up.
Lots of people have very high expectations about their income in the first month, but the truth of the matter is that 10-20k is unrealistic and you had better change you outlook. Unfortunately lots of products are sold around this potential income premise. Please don’t be sucked in.
Watch out for things that promise full automation (there’s no such thing!) and the pre-launch offer most don’t make it to the launch date, and chain letters, you know the one, send 10 dollars then send this to everyone you know who will send you 10 dollars blah,blah,blah. Just beware of the scams, if it looks to good to be true it often is.
So whats the REAL TRUTH about how you make money online?
ALL real money is being made from MARKETING and personal positioning. Its not important what you market its HOW you market. Period!
So take care, join the with right people, and a successful online business can be yours.
One of the first subjects covered in the YourNetBiz training is the importance of surrounding yourself with positive people. The road of the entrepreneur is not an easy one and your mindset is everything. Just as an athlete needs to be in top fitness to perform, so the entrepreneur needs to have a million dollar mindset. This means eeking out the negative thoughts, having excellent self beliefs, staying positive, turning set-backs into challenges, keeping focussed and motivated and never giving up. This takes courage, hard work and dedication. Good fortune follows good inner work.
Think about it carefully, think of the 5 people who you spend the most time with. What do you do together? What do you talk about? What bonds you together? How successful are they? How successful are you? If you are truly serious about achieving success either online or offline then you really need to think about this one.
What you think about and talk about you create. If you are having negative thoughts and conversations all the time then how do you expect to call success into your life? On the other hand if you are having inspiring conversations and thoughts, you will automatically start to see opportunities and possibilities and turn those into realities.
Success flourishes when we have that excited sense of possibility. If we are not careful, negative people can pop that bubble leaving us deflated and demoralised. Not surprisingly, the most negative people online are those who have tried and failed and are angry or disappointed. You can find them posting things in scam forums, or tearing other people or businesses to shreds. This is not to say that scams do not exist, clearly they do, but why go there? It is a bit like reading the newspapers and taking an interest in the stories about other people’s misfortunes. Why do it?
Don’t expect any of the negative or pessimistic friends or acquaintances to encourage or applaud your success, they probably won’t. On the other hand positive people will not be threatened by your achievements. They will have the mindset of abundance and know that your success is not in competition with theirs. They will congratulate you on every baby step forward and be encouraging when you tumble.
As you become more and more successful, be alert to any of the negative influences in your life suggesting that you have changed or become selfish. This could lead to self-doubts and a less than sparkling mindset. If you let those thoughts in, they will eat away at your confidence and self-esteem. Not good.
Surround yourself with people who make you feel good about yourself and who affirm you as a winner. Choose people who have similar goals and aspirations and spend time with them. Something magical happens when you do this, the energy grows bigger as the whole is much greater than the sum of the parts.
These concepts were not new to me when I joined YourNetBiz, but it was fantastic to find a company that not only offered me a route to financial freedom, but also embraced personal development. I have met some really great new friends through YourNetBiz from all over the world. We are all applying the laws of attraction to our work and are learning and growing together.
This journey is not for everyone, it does require courage, discipline and maybe even sacrifice. However, it is hugely rewarding and if you are interested in finding out more do contact me I would be very happy to explore options with you. There are ways to start that are completely free. I can give you valuable resources that will give you a good idea about whether this is for you or not, completely risk free.
To Your Success
Kay