Tuesday, May 6, 2008

Earn Or Make Money Online Tutorial: Part 2

Now, if you haven't noticed, this focuses on using two methods, affiliate selling and adsense.

For those who don't know what they are, simply affiliate selling is reselling other people's pre-made products or ideas, and earning a hefty (should be!) commission. For example, I resell an E-book or Computer LCD for $100 dollars each, and earn 75% commission on it, generating sales of $75 each.

The company earns free money with little effort on their part and you spend no money to earn or make money. Sounds simple and easy doesn't it? In truth, it's not. Getting people to part with their hard earned cash is tricky, but it's doable.

Adsense is Google's way of sharing their advertising dollars with you, a website publisher or owner. It's not scientifically proven, but the general, widespread con-census is that Google's Adwords program shares approximately 50% of all its revenues to YOU. So, if an advertiser on Google pays Google $4.00 a click, you SHOULD be getting $2.00 every click on your website. The catch, however is, you might get substantially less or more per click, AND you gotta get people to your website plus get them to click. That's a reality check for you.

So, to start, most people would TELL YOU to sign up blah blah, and yes you should do that BUT first, you should create your own website. But doesn't it cost a lot of money? Doesn't it take a lot of effort to code? What about all that pre-made stuff out there?

How about just signing up with Blogspot, facebook, or myspace and use their blog system? Take a look at this site, notice I'm doing EXACTLY what I'm telling you. And how much does this cost you, me or anyone? NOTHING. A free website! When I first started out, I actually BOUGHT web hosting from Dreamhost, which was great but I was still spending money before I even had a *chance* to make money. BAD BAD BAD. You should spend money AFTER you've made something (or borrowed on credit card, which I HIGHLY DISCOURAGE; the interest will KILL you and I'm not kidding).

Now the pro's and cons that I think are plausible are this: Blogspot has no ads, at all, just the nice little "next blog navbar" on top. Myspace and Facebook offer 100's of millions of users (because it's a social networking site, duh!) BUT a ton of premade ads. You also CANNOT input adsense on myspace and facebook because they disallow javascript due to unscrupulous hackers and villianous criminals/pedophiles (shameful really).

So your best bet is using Blogspot (also known as blogger.com) and have your myspace/facebook accounts (if you choose) to point to blogspot. Get traffic from myspace and facebook, and have them come to your blogspot, or other free website (I'm sure there are others but this is what I use currently).

Do note that there are BETTER and free ways to get traffic, so don't rely on myspace and facebook alone for traffic.

There is a catch to all of this, what will your website be about? Golf? Video Games? Pencils and paper? Dungeons and dragons? Star Trek? With so many topics to cater an audience and website to, it can be hard to choose!

I use to say go with what you are interested in. After all, the saying is "Do what you love, and the money will follow." And there is some truth to that, but if you love an activity that only 500 people in the world enjoy and know about, your market size is 500, which isn't going to make or earn you much money, if anything. You could try converting people into a market, but this is something that only the richest corporations in the world do, and I dare not proclaim proficiency in this, yet.

No comments: