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How $20 Started Me On The Road to $60,000 a Year
by Bibi Liew
Are you working on a profitable Internet home based business? Perhaps you already joined tons of online businesses or have a business idea and want your own presence on the web. Perhaps you have no ideas what is involved and just want to get out of the rat race and make money online at home. Whatever your reason is... one of the hardest parts of running an Internet home based business is "are you making a profit"?
The internet has made it possible for anyone around the world to cash in on a successful internet home based business if they are willing to sacrifice 15 minutes a day to work. This industry is expanding rapidly and research from Newsweek shows that at the end of 2005, over 50% of households in the US alone are involved in a home based business; and revenue generated from an online internet business will increase by 17% yearly through the year 2008!
An honest internet business opportunity can be highly successful if it has more than just get rich quick schemes. Remember!! This is not a J.O.B! It is a business! What proves to be a little harder is how to make your internet home based business profitable. To get you started, I have listed some methods below that have proved successful for me and many other people.
What method is BEST?
There are a lot of companies out there that are willing to sell information that claims to have companies looking for work at home workers. My advice is DO NOT buy information on companies who are looking for 'at home workers'. Instead, start your own online business providing those information and services that there is a need for. This is what we call "Affiliate Program" and "Affiliate Marketing", a proven, easy and fast way to earn a sizeable income online. By joining affiliate programs, you are awarded for every visitors or subscribers introduced. Compensations are made based on: each visit (Pay-Per-Click), registered free (Pay-Per-Lead), or commissions for each sales (Pay-Per-Sale). All these methods will provide you with multiple streams of income. My suggestion is try to enroll at least 5 legitimate affiliate programs that provide residual and leverage income to make a profit online.
Remember to enroll companies that match the theme of your site. If you sell weight loss products, then you shouldn't choose affiliate programs like match- making service. Companies with good affiliate program will provide traffic-generating banners, text links, recommendation email templates and a website with products that you can sell without handling them. Further information includes paying commissions, following up with customers, collecting money and etc. They will also allow you to access your entire sales statistics in real time.
Look for programs that offer top commissions ONLY and promote them to the best of your abilities! It is also important to research the company background and to communicate with those who are already involved so you understand any risks you may be taking. Expecting to make enormous amount of money in a very short time is unrealistic. Most honest internet home based business do not, and will not promise instant wealth, but may offer a steady income stream that can increase gradually. That's why joining an affiliate program can be a great way to start your very own internet home based business!
You must have a domain name that hosts with a legitimate hosting company to promote your 5 affiliate programs in one place. A domain name may only cost you as little as $6.95 per year, and hosting $7.95 per month. I would advice you to buy an expired domain name that was once registered but have expired. The benefit of buying an expired domain name is they are already indexed by most search engines online. The chances of getting to the top of search engine are higher then a new domain name. This is one of the cheap and efficient ways to represent your business. There is no reason to put effort and money to register a domain that you can begin building your online presence with from scratch.
Next is to follow the marketing methods provided by these affiliate companies. The reason affiliate programs are so great for newbie is that you only need to focus on the marketing side - not making your product. Although affiliate marketing is relatively cheap to set up as a home business, there are still some costs involved in getting up and running smoothly. All good affiliate companies will provide you with effective internet marketing tips and techniques for your affiliate marketing success! Some even offer pre-written articles and a free short course for their associates’ members.
It is also good to write a business plan as it may be your roadmap to reaching your financial freedom. This is not the time to "pick it up as you go"! A brief description of the entire business should be given, follow by listing the objectives and goals that you want to accomplish. Next and perhaps most importantly, develop your marketing plan which will address all the specific of your online internet business.
An experienced top internet marketer can give you his whole proven business system which he personally uses to earn a 6 figure income online. However, you will not be able to benefit from his system if you are not prepared to work!
About The Author:
Bibi Liew, editor and consultant helps people to achieve their goal of starting a profitable internet home business. For legitimate affiliate money making programs that pays, visit work-at-home-sites.com/affiliate-program.html or her work at home directory: work-at-home-sites.com
Copyright 2007 by Bibi Liew
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