July 14, 2011
My good friend, Wendy Piersall’s new book, “Mom Blogging for Dummies” has just been released. When you get a chance go over to her facebook page (http://www.facebook.com/MomBloggingForDummies) and learn more about the book. Then go buy it!
Congrats Wendy! Look forward to checking it out.
PS. I know I haven’t been writing much on this blog. At some point I plan on talking about that in more detail, but right now I am still working out the details.
July 6, 2009
One of the two main ways I make money online is through affiliate marketing (the other is through Internet marketing consulting).
For those of you who are new to affiliate marketing, I thought I should give you an introduction to the basics of affiliate marketing…
“What is affiliate marketing?”
Affiliate marketing is a method for people who sell things online to share their revenue with people who are willing to promote their products for sale. Affiliates (those willing to promote other businesses products on their website) are paid based on performance measures, typically in the form of sales, clicks, registrations, or a combination of methods.
Affiliate marketing is a great way to make money online. In the future I intend to talk about some of the proven affiliate marketing systems that I have successfully used to make money. For starters, here’s a list of the most common used affiliate marketing methods…
What are the most common affiliate program models?
Based on a survey in 2007 by AffStat 80% of affiliate programs today use revenue sharing or cost per sale (CPS) as compensation method, 19% use cost per action (CPA) and the remaining 1% use other methods, such as cost per click (CPC) (ie. Google Adsense). I will discuss each of these methods in more details in future posts.
The main thing to remember is that affiliate marketing allows you to make money online by sending people to visit other people’s websites and buy their products/services. This means you don’t need to deal with customers, you don’t need to create products, you don’t need to store inventory, and you don’t need to ship products. All you do is refer people to the affiliate site in a buying frame of mind and the affiliate site does the rest of the work. This makes affiliate marketing a very easy business to start. No inventory, no product, no customer service, no problem!
October 14, 2008
There are many ways to make money online. I like to group them into three main categories:
- Making money selling your stuff
- Making money selling other people’s stuff
- Getting paid to do something
Let’s talk a little more about each of these categories…
Way #1 – Making money selling your stuff
When most people think of starting a business they think of selling their own stuff. Here are some of the ways that people sell their own stuff online:
- Selling products
When I started out online my intention was to create educational software and sell it online. Like myself, most people that start a business online start off with the idea of selling a product. Almost every product imaginable can be sold online. Arguably, the easiest to create are information products.
- Selling Services/Freelancing
One of the quickest ways to start making money online is by selling your services. You call sell all kinds of services online. Some of the more common online services being sold are web design, freelance writing, coaching/teaching, virtual assistants, copywriting, traffic generation, and software development.
Domaining is essentially the process of buying and selling domains. While I own quite a few domains, most of them were bought with the purpose of developing them at some point in time. Although, I would be willing to sell some of them. For example, when John Reese bought trafficjam.com I wish he had contacted me about buying one of my domains blogtrafficjam.com, since I am not sure I will develop the idea I had for it when I bought it several years ago.
- Website Flipping
Website flipping is a very tempting business model to me. Flipping websites is a lot like flipping houses. You buy a website with the sole purpose of making it better so that you can turn around sell it. Much like house flipping, you should buy a website with good potential that is not properly monetized and/or not properly designed and marketed. After “rehabbing” the website, you can sell it at a much higher price. This process sounds like fun to me, except that I would have a hard time parting with the site after fixing it. I am more likely to buy a website, fix it up, and keep it for the residual income.
There are other ways to make money selling your own stuff, but the ones listed above are the most common.
Way #2 – Making money selling other people’s stuff
- Affiliate Marketing
Affiliate marketing is one of the best ways to make money online, and I will be discussing it in much more detail in a future series (or a free mini-course). Essentially, affiliate marketing is revenue sharing between online advertisers/merchants and online publishers/salespeople, whereby affiliates(publisher/sales people) are paid based on performance measures, typically in the form of sales, clicks, registrations, or a combination of methods. In layman’s terms, it means you get a percentage of a sale when you sell someone else’s stuff or cause someone to take an action that might sell someone else’s stuff. It is currently my primary method of making money online.
- Advertising Income
Many websites make money by selling advertising space on their site. This is most commonly done on content sites. Advertising income can also be gained through other methods like selling ad space on website templates and selling ad space in newsletters.
- Drop Shipping
Drop shipping is a technique where you sell products from one or more suppliers who take care of shipping the products directly to the customer. All you do is take the order and get the money from the customer, then you send the order details and and part of the money that you charge to the supplier. You make profit on the difference between the suppliers price (including shipping) and the price you charge the customer. This is essentially running a wholesale business without the inventory, although you will usually pay somewhere between true wholesale and retail prices for the goods. I have seen a lot of people run drop shipping businesses on ebay.
- Retail commerce
Retail commerce is where you buy products at wholesale prices from wholesale distributors, carry an inventory and turn around and sell said products. Many of the ecommerce shops you see are doing this. This model is similar to drop shipping. The advantage of this method is that you can make a higher profit margin then with drop shipping, the disadvantage is that you store the inventory and you handle the details of shipping the products.
These are the most common methods for selling other people’s stuff online, although certainly not the only ones.
Way # 3 – Getting Paid To Do Something
- Paid to
sites (Paid to surf, Paid to take surveys, etc.)
With “paid to” sites you can make a little extra money online every month. You can’t really use these sites to make a living online (at least not that I’m aware of), so I won’t be devoting more space to them here. If you’re interested in a little extra cash, and this method appeals to you, there is plenty of information available on the internet. And if you ARE making a living from these sites, and you’d be interested in writing a series on the topic, contact me.
As you are considering how YOU want to make big money online, this list should prove a good starting place . In my next post in the getting started series, I will be wrapping up with a list of resources to help you continue your quest to make money online.
August 20, 2008
I have been meaning to write about this topic and was reminded of it recently when I read Shai’s post last week called, “Kontera: In-Text Advertising“.
At the end of the post, Shai asked:
“...do you think Kontera is something you’ll be interested in using on your blog or site? Why or why not?”
Here is my answer:
I have played around with Kontera ads on some of our blogs and I know from that experience that some people don’t like to see them on a website, while some people do like to see them on a website. Why is that?
Why are there so many mixed opinions on Kontera In-text Ads?
I can tell you why. In general, I have found that the people who don’t like them are the people who see them on “make money online” blogs and on tech blogs. At first I thought the problem was that tech savvy people don’t like them. While that may be true, I think a bigger reason that they don’t like Kontera ads may come down to the fact that the ads just aren’t targeted well on non-product related blogs.
On the other hand, I have put Kontera ads on product related blogs and most of the ads are relevant and help people find things they are looking for.
So, when should you use Kontera ads on your blog or website?
I don’t recommend using them on blogs or websites where there is a focus on information (news sites, “how to” sites, etc.). I do recommend using them on non-technical product type sites, or on “how to” sites that make mention of a lot of products in the text of the articles (like a recipe site).
What do you think about in-text advertising? Would you ever use in text advertising like Kontera on a site?
August 8, 2008
Well, the 2008 Olympics are about to start and I wanted to share a little about what we have been doing to get ready.
For those of you who don’t know this, we made some decent money a few years ago when my wife Jill blogged the winter Olympics. We then decided to blog every Olympics, because Jill really enjoys it and it is a good way to make some decent money.
To be honest, with the new baby’s arrival we did not do as much preparation for the Olympics as we originally planned. I was going to redesign our blog to look nicer, but after redesigning this blog and watching my Search Engine rankings immediately drop 5 spots for the “make money online” term I decided I would put the redesign of the Summer Olympics blog on hold. Also we found the current design to work so well for making money with the last Olympics that it didn’t make sense to change the design without the time to test it’s monetization.
Anyway, over the next three weeks I will be very busy with the Olympics. I do intend on giving you updates about other things we did in preparation of the Olympics, as well as things we are going to do to make money with our blog during the Olympics. So stayed tuned…
July 28, 2008
UPDATE: This post is out of date, please use this link if you want to order Blog Mastermind.
Blog Mastermind is opening it’s doors again, BUT this time it’s not closing!
Blogging guru, Yaro Starak, is opening up his Blog Mastermind training program to new members on Tuesday. Leading up to the opening Yaro released some great free videos that reveal how to make money blogging. You can see all the great videos here:
- Coversion Blogging
- Interview with a million dollar blogger
- How Yaro’s blog makes money online (2 videos)
As an incentive to buy, I am offering an exclusive bonus to those who buy it through my link. For those who sign up for the Blog Mastermind program, I will put on a free teleconference to answer your most pressing questions. Because of our blog about the Olympics in China I won’t be holding the conference until after the Olympics are over.
To claim your bonus for ordering the Blog Mastermind:
1. Click here to sign up through my affiliate link
2. Email me your receipt to george @ websitepromotionbook.com
3. I will then contact you with details about the teleconference
4. After the teleconference, you will get an mp3 recording of the call
That’s all there is to it.
April 16, 2008
I’ve done many things over the years to make money online and have heard of countless other methods that I simply never tried for one reason or another. But I must not have gotten the memo on the newest trend in making money online.
If you follow the make money online blogosphere at all then you have probably noticed the same trend I have seen spring up lately. I’m not sure what to call it but it goes a little something like this… start a blog, build up it’s popularity, get a lot of readers, and cash out big time by selling it.
I guess this must really be the way to make money online. I mean if all these well-known bloggers are doing it then it has to be a great thing to do, right? Well, I suppose it can be a great way to make a nice chunk of money all at once.
But, then what? Your blog is now gone. Your monthly income is now gone. All the hard work you put into it for months or even years… gone!
It’s definitely not an easy or quick task to build up a popular blog so this isn’t one of those “rinse and repeat” business models that you can do over and over again to keep making money. Out of the thousands of bloggers out there only a small percent ever build up a highly popular blog.
Not to mention this is horrible for the person that gets suckered into buying the blog. Most of these blogs are selling for a lot more than they are actually worth. Yeah it looks good on paper because they do have a lot of traffic and a big following. But they aren’t following you, the new owner; they are following the original owner.
These blogs that are being sold have been branded by the original owner and the readers are following them because of their writing style or personality or some other trait they possess. As soon as the blog is sold all that goes away and so do the readers.
The new owner isn’t left with much more than if they would have just started a new blog and built it up themselves. Now they are out $25,000 or so without a whole lot to show for it.
So, let’s take a look at where the seller and buyer are sitting at this point…
The seller has a full bank account but nothing to bring in more income and the money they just got from the blog sale won’t last long. The buyer has an empty bank account and a blog that might be bringing in a little income but not nearly as much as they thought it would.
Neither side wins!
Therefore, I don’t think this is a very good way to go about making money online for either the seller or the buyer.
Of course there are a few exceptions to this. One being if the seller can no longer keep the blog for some reason and must sell it. Another being if the buyer is getting a popular blog for a super low price. And search engine rankings also play a big factor. But these exceptions are a whole other article themselves so I won’t go into them here. I will save that for my next post.
March 20, 2008
Early this week I read on SEOBook that eBay has dropped commission junction as their affiliate program. Ebay is launching a new affiliate program in May. This kind of sucks for those who have Ebay links scattered across multiple sites. I have a bit of work to do on some of my sites, but it is definitely worthwhile for me to join the new affiliate program.
Ebay has a pretty good affiliate program (it’s one of my favorites). You should join the Ebay affiliate program if you have websites related to anything sold on eBay. If you want to see an example of the primary way I use Ebay’s affiliate program then check out my dinosaur toy pages.
January 21, 2008
If you are one of the million bloggers hoping to earn a slice of the big “can I make money online” pie, then you need to get some of your priorities right first. Blogging alone won’t make you money, unless of course you are getting paid to blog for somebody else.
To make money with a blog, you need a plan of attack right from the start. Unfortunately, most bloggers don’t have a plan at all. All they want is to make money – and fast.
Let me tell you, fast doesn’t work, regardless of what the next A-lister tells you. We intend to throw our credit cards at any new offer that is hyped up on the Internet, promising us to be the final answer to our never ending quest to make money. And yet, it never happens.
Partially this is because most people fail to act on anything they hear, whether good or bad and then others who do act still fail if they are being fed the wrong information.
When we see those promising offers of instant riches we are lured into the belief that this will work for us too, despite the fact that most bloggers don’t have a clue on how to market. Those A-lister who peddle their wares and every other marketer that hypes up their product only make $100,000 and more in 24 hours because they own a well established list.
This means that the moment they launch their product they send out the same email to thousands of people via auto responders and given the law of conversion they will make their insane amounts of money in seemingly no time.
A common blogger can never achieve this without owning a huge and responsive list! So before you throw away your money to yet another “great offer”, work with the ones you already possess.
Making money on the Internet is very much possible with the following tools – ideas:
- Creating your own ebooks
- Starting a membership site
- Working niches away from the “make money niche”
- Creating your own “how to” course
- Designing WordPress themes
- Designing software
I’m sure that each and every one of you reading this (who has yet to make any money online) owns an ebook, course or report that delves into these subjects.
My advice is to grab one that appeals to you and follow the steps to build your business.
And let me just repeat this one again: fast doesn’t work!
Believe me when I say that I wasted years online by following the wrong advice. I believed everything those A-listers were preaching. After all, they made it, so they had to know – right?
Most of them are only concerned about their bottom line profits. They don’t give a toss about you or me, and they use us to fuel their insane profit margins. Once you understand how marketing works, how copy writing works and how the human mind works, you will know what I’m talking about.
But to be fair, it isn’t just the A-listers who play unsuspecting newcomers for their hard earned money, there are also many black hatters who do the same.
The sad part of this whole scenario is that making money isn’t really a nice man’s game. It is the game of knowledge and power, regardless of survivors, and the sooner you understand this, the more money you will save (by not spending yours on every new product launch) and make in the long term (by developing your own launches).
December 4, 2007
Yaro Starak has announced that on Monday December 10th he is going to be closing the doors on the blog mastermind program for a while. In anticipation of this closure, he has released a free lesson from the program called “Marketing Through Conversations”. Marketing through conversation is something I have been focusing a lot of my attention on this year, and it has been extremely helpful. In fact, I believe it has been laying the groundwork for an extremely successful 2008. This free lesson is very valuable. You should click here to go check it out.
After you check it out, come back and let me know what you think of it?
October 29, 2007
Guest Post by Trent Brownrigg
Blogging has become a huge craze in the past couple years and with it’s increasing popularity has also come an increase in people wondering how they can make money with their blogs. I see questions on internet marketing forums all the time asking how to make money blogging. I also get frequent emails from people wondering the same thing. Therefore, I decided to write up this post discussing a few ways that I make money from my blogs.
So, here are a six ways I make money with my blogs on a regular basis and you can too:
1) Sell links in the sidebar or blogroll.
Charge a certain amount per month for a link in your blogs sidebar under “favorite links” or in the “blogroll” if that’s where you put your links. This is a very good way to make recurring income from your blog. Set up a monthly subscription for each advertiser that automatically bills them each month until they cancel. Most people will keep their links for many months, or even years. If you have a high traffic blog people will pay big bucks to get a link from you.
You might want to be careful with this one though because Google has recently cracked down on blogs selling text links. They have lowered the PR and in some cases the rankings of blogs doing this. However, it seems that most blog owners are not too worried about this because traffic comes from so many different sources that Google doesn’t make much of a difference. Plus, the PR of your blog really doesn’t matter. If you are only selling links based on your PR then you need to change your strategy anyway.
2) Charge for postings on your blog.
You can have an advertising option where businesses and website owners can pay a certain amount for a post on your blog. You can have them write up a review, article, press release, advertisement, or any other type of post. Or you can write it for them. Limit it to maybe 250 words or less to ensure they don’t make it too long. This method is great because you are adding content to your blog and getting paid for it.
By now pretty much every blog owner knows what Adsense is so this one is basically self-explanatory. Just sign up for Google Adsense and put the code on your blog. You make money every time someone clicks on an ad.
4) Affiliate reviews.
Every once in a while you can write up a review for a product or service that you are an affiliate of. If anyone buys it from your affiliate link then you will earn commissions. This is a really good way to make money from your blog. However, don’t get in the habit of posting lots of affiliate reviews. I like to do maybe two per month or so.
5) Get paid to blog sites.
There are sites such as PayPerPost.com and ReviewMe.com where you can sign up and get paid for blogging about other people’s sites. How much you get paid depends on a number of factors but if you have a popular blog you can make quite a bit per post.
6) The news cash method.
This one is very simple. All you have to do is go to http://www.thenewsroom.com and sign up for free. Then find some news related to the topic of your blog. You will see a little “embed” button next to all the news articles and videos. Click that button and copy the code to put it on your blog. You will then get paid every single time someone visits the page it’s posted on. You only make a very small amount of money per visit, but it adds up over time and you can post these news articles as much as you want.
There you have it. Six ways to make money blogging. I’m sure there are more ways that you can make money with your blog but these are some of the more popular methods, and they are the ones I have been successful with.
Dedicated to your success,
Home Based Business Opportunities
October 17, 2007
A few weeks ago, I ran a poll asking you,
48 of you answered the poll and here are the interesting results:
1-10,000 dollars (23%)
10,001-20,000 dollars (2%)
20,001-30,000 dollars (19%)
30,001-40,000 dollars (4%)
40,001-50,000 dollars (0%)
Over 50,000 dollars (38%)
I Would Never Sell It (15%)
The most popular option was 50,000 dollars or more. I have to be honest with you, from a pure business standpoint most blogs aren’t worth over 50,000 dollars. In fact, most are worth under 15,000 dollars. Over half of you (53%) said you would either sell your blog for over 50,000 or not sell it at all. Wow! I think that just shows how personal blogs are and how attached we as bloggers are to our blogs. I was a bit surprised by the 15% of you who said you would never sell your blog… never??? If someone gave you a million dollars you wouldn’t sell it?
Does anything from the poll results surprise you?