Making Money On The Internet – One Step At A Time
There are a lot of ways of making money on the internet that go way beyond just selling left over stuff on an auction site. Two of the most common ways to generate some part time income, or making a full time living, online are affiliate marketing and network marketing.
Both are great online businesses to start since they are easy to do (learning the skills won’t take long or be hard) and you can start either business with very little money.
Affiliate marketing is when you earn money for selling a product or service. Don’t let the word ‘selling’ freak you out. When it comes to an online business all your selling will revolve around sending people to your website (you will be given a free website for whatever affiliate company you are signed up with).
Network marketing (sometimes called multilevel marketing or mlm) is a way to make commissions by selling a product or service. The difference is that with network marketing you are building an organization. Every time you sign up another business builder they will become your downline.
This is so important because you will receive a percentage of the sales made by all the people in your downline. The bigger you build your organization (and the bigger your down line) the more money you will make. Everyone who signs up under you will also receive commissions from everyone who signs up under them.
With both methods of generating online income your number one job will be to find the most cost effective method to driving a lot of traffic to your website. There are a lot of ways to drive traffic online. Some are time consuming but pretty cheap, others are quicker but will take more money.
One of your very first steps will need to be to find out which way of generating traffic you want to learn about. Once you’ve found a method that you like and can afford, you need to learn everything you can about that method. Become an expert in that method (and start making money) then go on to learn other methods.
With the internet things change often and quickly. You don’t want to put all your eggs in one basket when it comes to your traffic generation techniques. It’s best to have 3 to 5 different methods to drive traffic. But don’t try to take on too much all at once. Start with one method first and only add another method once you’ve perfected the first method (perfection means that you’re getting enough traffic on a steady basis to make money).
Don’t expect to get rich off just one product or one way of driving traffic, it’s a numbers game. You will need to get a lot of traffic because only a small percentage of the people will actually buy from you.
There are lots of ways of making money on the internet, it’s really about finding the method that appeals to you. Once you’ve figured out what you want to do, find the best method of driving traffic and then just rinse and repeat until you’re making the amount of money you want to make.