Cash Building Strategies Series: Types of Legitimate Online Businesses, Part 2

Affiliate Marketing

   This is an online business where you use your selling and marketing expertise to get consumers to buy other people’s products and earn income from the sale you made. Typically, you would earn a pre-determined amount of money based on the sales you make of those products, but in some cases, you could make money from the clicks from your site that get the consumers to the affiliate websites.    Sometimes you can earn money by getting customers to sign up for things on the affiliate sites, such as newsletters etc.    Each affiliate program will discuss this further on how they work, so when you sign up for their program, be sure to check out how their process works. This will be kept track of through an affiliate link that you’re provided with to place on your site. What skills are helpful?    You don’t have to be a salesman or a marketer to be an affiliate marketer. Knowledge on how to do these things will be important though. Learn everything you can about how online marketing works and learn how to be a successful affiliate marketer from other top marketers.    It will take hard work and much dedication to get your affiliate marketing business to be a successful one. If you don’t have the time nor the gumption to work hard, don’t consider this to be your online business. What tools are needed?    The tools needed will be minimal. Besides the usual computer with reliable internet access, you will need a website to sell the affiliate products from. You won’t have to stock up on the products, just to sell them.    Your website will need fresh content on a regular basis, so be prepared to either write some articles yourself or hire someone to do them for you. A blog to link to your site will be helpful as well to make the search engines happy with you. How do you get started?    You will need to determine what niche you have for your affiliate marketing website. This helps you to stand out from your competitors. For example, you could use nutrition as your niche. Then create a website based on the niche you chose for your business.    Then find affiliate products to sell from that site. Make sure that the products you decide to sell for your business are related in some way to the niche you have chosen for your affiliate marketing business. So, if your niche is in the nutritional field, you will want to offer affiliate products that are related in some way to nutrition. If you don’t offer related products in your business, you run the risk of appearing as unprofessional and the search engines won’t be too pleased with you as well.    There are many people who make quite a bit of money running this type of business. It’s important to remember that the most work you will have in this type of business will be marketing your website to get consumers to find you. When they find you, your site should be able to get them interested in your products to the point where they will buy using your links.  

Selling on E-Bay

   This is another popular online business that a lot of people usually start out with. E-Bay is a popular online auction website that millions of people use every day to find good deals on items they are looking for.    You can sell anything you have at home as well as selling items using a drop ship method. If you do a search on the e-bay site, you will see a whole variety of items that people are selling. They could be used items or brand new items that come from wholesalers. Either way, people will pay good money if you provide them with what they’re looking for.    Some people go so far as to buy items from flea markets and garage sales for the sole purpose of reselling them on e-bay for a profit. What skills are helpful?    There aren’t a lot of skills you would need to sell items on e-bay. The ability to market your items will be the most important one to have. People can do a search on the site for the items you’re selling, but if you want to make money in this type of business, you will want to market those items elsewhere to get people to find them.    If you’re selling items from your home, you should be able to take a good photo of the item so people can see what shape the item is in. What tools are needed?    Really, the only tools you should need to start this type of business is an account with e-bay to sell your items. If you plan to use a drop ship method, you would have to find a wholesaler that will ship the items direct to the customers.    An access to a computer with a reliable internet access will be necessary to keep track of your sales. You will also need an online account like PayPal to receive money from your customers. How do you get started?    Sign up for an account with E-Bay that allows you to sell from them. Plan to purchase items from the site as well to help build your user ratings, so people will have a little more confidence in buying from you.    Place photos, if possible, of the items that you want to sell. Items that have a photo of items sell much faster than those that don’t. People like to see what it is they’re buying, so provide them with the best quality photo possible.    Review all informational materials as well as the rules on the E-Bay website, to get tips on making more sales and how the process of selling on the site works. Selling on E-Bay is an excellent way to start your own online business. This gives you your first taste of an online business without having to have a lot of equipment to get you started. Plus, you get the benefit of getting rid of items that are cluttering up your home while you make a little money on the side. Coming up Next: Types of Legitimate Online Businesses, Part 3

• Cash Building Strategies Series: Ending Thoughts
• Cash Building Strategies Series: Busting Out the Myths
• Cash Building Strategies Series: Types of Legitimate Online Businesses, Part 3
• Secrets Of The Rich Series: How They Think?
• Develop Your Financial IQ Series: Chapter 1, Foundation in Financial IQ

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