Tips on How To Make Money From The Internet.
LEARN FROM A FRIENDS MISTAKE
A friend who had once spent $15,000 to pay someone to create eCommerce website and at the end, this person do not have enough knowledge on how to get traffic to the website. So, he could not monetize the website.
The following are the basic blueprint and principles of Selling online.
(a) create a buying audience
(b) sell products online or recommend a product to others
(c) provide a service to another person behind another computer connected to the internet. It therefore means that you have to work before you earn if you want to make cool cash online.
The Needs To Start An Online Business
(1) Access to the Internet:
You will need an access to the internet. This could be a personal computer or a good smartphone with internet connection. Basically, I recommend a laptop with a modem.
(2) Subscribe by Recharging your Internet Network
I overhead some guys ask me how to make money online without any investment. I don’t think this is possible. You will need some money to subscribe your modem to get access to internet. Anybody that want to make money online should be online most of the time.
(3) Have A Work Plan
With the above two things in place, you are ready to start an online business. You need to create a miniature business plan. What type of online business do you want to do? What will you achieve if you do it? What do you need to do to achieve your aim?
(4) Find out What People Need:
The hallmark of online income is your ability to provide solutions to people’s problem. So find out what problem people have and how you can provide the solution to them.
(5) Determined what you can do:
There are many things you can do online to make money. This will depend on what you are able to find and what you can really do best. Sometimes, it’s quite easy and fun to make money from what you know and love to do.
(6) Choose and Create an Audience:
Choose a ready made audience e.g Freelance websites or build your own audience. My best strategy is building my own audience.
(7) Provide a Service or sell your product and keep 100% the profit; These could be eBooks, software, apps, contents, videos etc.
(8) Recommend product or service to other and enjoy the sales commission; These is called affiliate marketing.
(9) Sales an advertising space on your audience: These could be direct space sales or pay per click ads like Google AdSense
(10) The best way to do this is blogging and email marketing. Depending on your blog niche, your blog readers may eventually become your customer or clients. This is simple.
(11) Open A Bank Account:
You need a bank account that you will use to receive the money.
(12) Payoneer Accounts:
This is needed if you like to do business that don’t pay directly to your bank account here in Nigeria. Most affiliates and freelance websites in the US that accept Nigerians pay with Payoneer.
(13) Patient:
This is needed as a prerequisite to make money online. Just like any other business, you have to wait for the business to grow before you start to harvest. One advantage of Online business is that once the money come, it will continue to come unless you relent your effort.
(14) Honesty and Open Mindedness:
You have to be as transparent as possible to succeed in any online business. If you mistakenly or purposely scam somebody, just one bad review or comment about you is enough to tarnish your image online and everybody will be afraid of you if you are not even arrested.
(15) Focus:
One big mistake most people make is lack of focus when they start internet business. They will create as many websites or blogs thinking that the more they create, the more they will make money. It’s advisable that you should take your time to research on your niche. The find a very profitable niche and stick to that until you make money from it. Once you create more that two blog, your efforts will be divided.
(16) Be Unique:
Another mistake most people make is to trying to copy another person’s strategy. It’s good to have a mentor. It’s also good to follow a pattern that works but try and be unique in whatever you are doing. Do not involve in copy and paste blogging unless you are ready to do this. If you do that, you will have so many problems, either Google will refuse to index/rank your blog in search engine or refuse to approve your AdSense application.
(17) Become Rich Using Internet:
Having had all this in place, the next thing is to make money. There are three main ways to make money online.
(18) Maintain your Business: After all this, it’s important that you maintain your business so that you can continue to make money from it.
The best way to learn how to make money online is by implementing the ideas you are reading. I recommend that you start a blog. Start building your audience with a blog but must develop yourself on how to write a good contents.
Four (4) Costly Mistakes to Avoid When Starting your Online Business
1. Avoid Spending Too Much Money on a Website:
2. Avoid Spending too Much Money on Inventory: Before you start a website or launch your online business, avoid spending too much money to buy items or inventory. A smarter way is to sell first and buy later. Consider the model of taking in orders first before you purchase the items. A lot of online stores now are doing well by using this model to business.
3. Do not Implement marketing Technique Blindly: There are so many marketing tips and techniques around that you can do. You can do YouTube marketing or Facebook marketing but no matter what marketing you do, always track the result and measure the result. This will ensure that you know which the effective channels for your business.
4. Not Doing a Proper Research: Always proper research on the ideas before you start an online business. There are different ways to do this. You can use Google Keyword Planner. Type in the keyword to find out if there are people searching for the things you want to sell. So, if there are demands, then you can create your website.
