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There
really is only one way to make money on the internet --
sales.
Really it is the truth.
Of course there are a lot of different variations in how
and what you sell on the internet and another dramatic
difference is the lack of the dreaded cold-calling forced
on so many traditional sales folks.
At first glance your choices
are pretty straightforward:
-
Sell other people's
products
-
Sell your own products
-
Sell yourself
-
Sell space on your web
site, blog, or publication
Then things start to get
complicated.
Even something as simple
as selling products created by others takes on some unique
twists on the internet and can quickly lead to complicated
decisions. This choice falls into four main areas:
-
Selling as an affiliate
to earn commission on each sale (you deliver customer
to vendor)
-
Selling unlimited electronic
products as a reseller to earn 100% profit on each
sale (you are directly involved in sale)
-
Selling a limited number
of products you bought at wholesale to earn the difference
between your cost and the sale price (you are directly
involved in sale)
-
Selling as a drop shipper
to earn a percentage of each sale (you are the middle
man in transaction)
Each method offers its own
blend of benefits and drawbacks and you need to decide
which suits your experience, time, and interest.
Selling your own products
can be complicated as well by the need to organize issues
such as payment processors and affiliate programs and
advertising as well as customer service.
Selling yourself offers
advantages in that you don't need to deal with many of
the problems involved in products -- such as payment processors,
large numbers of customers and all the complications that
entails -- but it can also be limiting (you only have
so many hours in the day to accomplish the tasks or jobs
that you take on) and requires the need for regular promotion
to build and maintain your client base.
Finally selling advertising
such as banners or text links or offering contextual or
pay-per-click or pixel advertising can be a much simpler
method of earning money but in order to earn a decent
income from this source you must continually work to build
and promote your web site, blog, and/or publication. Web
sites and blogs that don't consistently offer new, quality
content quickly slip in search engine status and the loss
of traffic then income follows even faster than you can
say search engine optimization.
That is just a quick overview
of the income opportunities available to you on the internet.
Good luck with your new internet business whichever choice
you make. |