How to Make Money Online
Posted on 13th March, 2007
Vishen has written an interesting post over at MindValleyLabs Internet Marketing Blog to help you make money online.
The article looks at two of the most popular ways to make money on the Internet which is particularly useful especially if you are a newbie.
Many Internet marketers find it’s harder to make their first $5000 than to go from $50,000 to $500,000.
That’s quite true and the reason being, if you know something can make you money, all you have to do is duplicate that method and create another revenue stream using the same method. Things will add up and before you know it, you could be making US10,000 per month.
Making money on the Internet is a number game. If one website makes you $500 per month, having ten of such site could bring in $5000 per month.
Of course there’s no easy way to make money online despite some of the self-proclaimed gurus and sales letters are telling you – unless you got involved in an illegal get rich scheme. But that’s a story for another day 🙂
The article talks about making money from blogging (or creating a content site and serve ads on that site), and making money from affiliate programs.
Coincidently, I was featured in the first part.
Take the guy behind Sabahan.com for example. He’s a young blogger based in the island of Borneo. And he’s earning several times the monthly local wage just through his blog. He shares his metrics and experiences in this wonderful post: What it Takes to Make $3000 Online
I just want to add that I am not earning money from blogging alone; I am managing 30 plus other sites where my incoming are coming from. In total they consistently bring in five figures per month in Ringgit Malaysia.
On the affiliate marketing section, Vishen shares his experience when he was working at eBay where they used to pay the top eBay affiliate over $1M per month.
The article concludes by recommending an eBook entitled The AdWords Black Book. It’s written by same author who writes Day Job Killer which I’ve reviewed earlier.
If you’ve purchased one of those two ebooks from author, I don’t think it’s necessary to buy both as they probably touch on the same topics – despite several twist to the methods described in each ebook. But hey it’s up to you 🙂