By Gerard Mohamed
So what are
the best ways to earn money online? Well it's a question that I have been asked
more times than you could ever imagine. The answer however is not as simple as
people would want it to be. When making money online, there is no "best
way". We are all different and we all have different experience that we
have collected throughout our lives.
For me the best way to make money online is to cultivate a spirit of
entrepreneurship. An entrepreneur always has to be on the edge, and thinking
out of the box to come up with profitable ideas. Below are three of the most
common ways an entrepreneur makes money on the Internet.
1. Starting your own online business.
The ultimate way to make money online is to start your own online
business or website where you offer services or items at good prices. The
advantages of having your own business is that you do not have to rely on
anyone else than yourself. If you have your own website where you offer
services such as WordPress installations, then you don't have to worry about
any third parties.
The amount of money you can make by setting up your own online business
is only limited to your ideas and experience. It will most likely take a while
to get the whole thing rolling and generating money, but in the end it will be
worth it. So if you are able to provide people with something they would like
to spend money for, then this is the best option for you. Just remember to
always analyze your competition so that you don't end up in a business where
you have no chance of scoring a sale.
2. Sell your own products.
You might think that this one is exactly the same as the above one, but
it's actually not. Selling your own products does not mean that you need to
build a business around it. Let's say that you write an eBook or create
software that will help people with something. Now all you have to do is to get
people to promote your product.
This can be done by contacting and convincing top affiliates and then
uploading your item to websites such as ClickBank.com. If your product is of
value to others you might be able to cash in a 5 figure income for months to
come. A smart move is to release an update of your product after a while,
especially if it was a success the first time. By doing this you will be able
to cash in even more money, since people now knows about you and your products.
The benefits of selling your own products might not be as great as
starting your own online business, but it requires only a fraction of the work
and it might be a great way to generate the start-up money that an online
business may require.
3. Making money through affiliate marketing.
So, in the beginning I mentioned that you should sell your own products,
but promoting other peoples products might also be very rewarding. Affiliates
earn a share from each product they sell, this might be everything from 10% to
90%.
Affiliate marketing is not for people who want to see money coming in as
soon as they start promoting a product online. It takes hard work and most
likely a lot of knowledge in marketing and search engine optimization. In the
end you are competing against sometimes hundreds of other people promoting the
same product, if you fail you will earn nothing, if you succeed you might earn
thousands of dollars. So until you come up with a great idea of your own
product, you might want to give this a try.
The simplicity of the above online money-making methods, should
not be underestimated as it is all about focus and taking action. There are
numerous examples of people with low levels of computer literacy, who have
managed to make a very good income online. The simple trick was to educate
themselves, by learning as much as possible, and not giving up on their
financial independence dream.
Gerard Mohamed is a Social Entrepreneur with a great interest in
Internet Marketing. He maintains that 95% of advice, books and programs on
overcoming limiting beliefs and cultivating a wealthy mindset, does not work.
This is because people forgot how to Make Money Online.
Article Source: EzineArticles.com expert: Gerard Mohamed
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