There are many ways to make money with little or no outlay. You will no doubt already be familiar with free email such as with gmail or hotmail. But there is also a massive amount of free software, training courses and articles freely available as well as terabytes of information on anything and everything.
The internet has become the biggest platform for business the world has ever known. With all the activity and promises, many do not understand that many of the ideas and approaches can be pretty much useless unless you understand what your business model is, and how to maximize your returns.
The most common internet business models are:
1) Affiliate Marketing
This really is the most popular approach for beginners, given that there are very few barriers to getting started. Almost anyone can begin with an affiliate program for free and commence promoting the product or service with the hope that someone will buy, giving them instant commissions. This is a great way of getting started because for affiliate marketers it is pretty much risk free. This is because they don’t pay to create the product, they don’t have to worry about customer service and there is zero or minimal initial costs.
With these advantages in mind, it is not surprising that most internet entrepreneurs will promote an affiliate product of one kind or another. In fact, if there is a single reason why the Internet today is so proliferated with ads and banners, it’s because of affiliate programs. When you do a search for information online, you will soon discover that a massive number of sites are put up by affiliates, not the original developer of the product.
Even though there are a huge number of affiliate marketers there is only a small percentage who make serious money and an even smaller number who make millions. But there are reasons for this. Many start and don’t continue. Many use haphazard methods instead of sticking to a particular business model. Some leap from one affiliate program to another when the results aren’t instantaneous. Others do not take the time or spend the money (and often the requirement is very little) to learn to do it properly.
2) Selling E-Books and information.
Having your own product to sell is the ideal, however it does require a lot of upfront work. The benefits can be enormous though, because once the eBook is produced and the sales channel established, it can provide an ongoing stream of passive income for years. But there is more responsibility involved that being an affiliate.
You will need to ensure that your product is well written and as well as accurate. If you are going to use affiliates, you will also need to product sales pages, possibly a website and other materials to help your affiliate to sell your product. However compared to some other business models the start up cost structure is still relatively low unless you are going to hire others to do much of the work for you eg in actually writing the eBook (ghost writing).
Apart from getting someone else to write your E-book you can also purchase E-books with PLR (Private Label Rights). These are books which you can amend and alter as much as you want, giving them a new title and even stating yourself to be the author. These can be a quick way of getting started. It is essential though to make significant changes, otherwise your E-book will look just the same as the ones done by everyone else.
E-Book marketers can make a substantial amount of money because they have very low production and maintenance costs. And those initial costs can be offset by selling just a few copies. Then, every other copy sold after the start-up costs are recovered is pure profit!
3) Network Marketing
Network marketing, sometimes referred to as multi-level marketing is a system whereby you get paid for the product you sell personally, plus you also get the benefits of the sales made by those you introduce into the business. These businesses can range from outright pyramid scheme scams to legitimate, well managed and properly supported organizations.
Network marketing online is proportionally not as popular online as it once was, possibly because of the press it has had in the past. In many ways, network marketing is like a franchise (eg McDonalds) where owner operators pay upfront for the right to sell and get provided with product, branding, systems support and so on. But make no mistake. It is all about selling, and if that is not your thing then stay well away. Nevertheless it can be a lucrative way of earning IF you are in early enough and have a strong, enthusiastic sales manner which does not hold you back from approaching anyone and everyone, online and offline.
No matter which model you choose, make certain you understand the basics. Cut off the email flow and aimless surfing to view materials which are not central to your business. Choose one approach and commit to it. Yes, it will take time, and you will make mistakes, but for those who hang in there and keep learning the financial benefits can be huge.
Why do people fail to make money online? Some people come online with the thoughts of getting rich quick and then fall flat on their faces. They get the get-rich-quick virus, which is quite contagious and extremely deadly both to your self esteem and to your business!
You need to get rid of that virus by implementing knowledge,working hard and having the right mindset. Learn from the mistakes of others and understand why they have failed online, so that you can avoid making the same mistakes. When you do make a mistake, shake it off and get on with your life. Take your mistakes and turn them into learning opportunities.