Make a website or blog
This isn’t as difficult as many people think. You don’t need to be an expert in your field to make a successful website.
For a blog, the most popular blogging tool is wordpress. WordPress is free and with most web hosts very quick and easy to setup.
This post is infarct on a wordpress blog!
After you have created your website you need get visiting to your site.
A dropshipper owns an inventory or products that you can sell. You can sell the products and the dropshipper sends them out to the buyer. You essentially work as a middleman.
You obviously need to sell the products for more than you buy them for from the dropshipper.
Many people do very well drop shipping online. It’s often about finding a market that isn’t already too saturated. Back in the early days of dropshipping, people were just able to list a few auctions on ebay and show a good profit. Unfortunately every man and his dog starting doing this and many markets soon became saturated. However, you can still find a niche if you are prepared to put some time into it.
Some dropshipping companies include:
Adwords and other CPC networks
There are a lot of people making good money with google adwords and other CPC networks. Adwords are the adverts you see on the right hand side when you do a google search.
Say for example you owned a camera shop, you could buy ads for camera related search terms. If you don’t have a shop, you could join affiliate programs. For example if you joined an affiliate program that paid for referrals to a stock broker, you could bid on stock broker related search terms.
With google adwords, you only pay when somebody clicks on your ad. The objective is to pay less on google ads than you make on referral commissions.
The good thing about adwords is that big and small companies are on a level playing field. It’s not simply a case of the number 1 bidder gets the top spot. Google care about the quality of the ads they show. If your ad is a lot more related to the search term and gets three times as many clicks as the other ads, you should end up paying significantly less for each click than your competitors.
Domaining is generally referred to as purchasing a domain name for one of two reasons:
1. To be able to sell it for a higher price in the future
2. To be able to earn revenue from type-in traffic
Let’s look at the first reason initially. There are still domains out there that you can pick up for less than $10 that may have a significantly higher value. As with all things, a domain is only worth what somebody is prepared to pay for it.
Back in the early 1990′s you could buy single word domains like apple.com, pear.com, orange.com. Those days are well and truly gone forever. However, if you are creative, there are still some good domains out there that are still available.
One important consideration when looking at a domain is the brandabilty. For example Flowers4u.com would be a lot more brandable than nice-and-pretty-flowers-for-you-to-buy.org.
Now onto the second reason, type-in traffic. This is where people just type in the domain name into their web browser. .com domains get by far the most type-ins. Having a look what people search the internet for can be a very useful way to see which domains may get type-ins. Google have a free keywords tool for this.
Freelancing using your existing skills
Are you a good writer? Do you know any programming languages? What about web design? Maybe you speak a foreign language?
Whatever your skill, there is a good chance there will be somebody prepared to pay for it online.
There are many things that you can do on a freelance basis, and you don’t need to be an expert. Some popular freelance jobs include:
Whether you are just looking to spend a couple of hours a week freelancing to top up your existing income or looking to make a lucrative full time income, freelancing might be for you.
Some of the biggest freelancing sites are:
scriptlance.com (as it’s name suggests, this one is orientated towards design and programming)
Now this one isn’t for everyone, and does involve risk. There are many financial instruments you can trade online including stocks, currencies, bonds, ETFs, futures to name but a few.
There are many full time online traders out there making large sums of money, but they are often experienced and have made many losses along the way.
If you have are interested in financial trading, it’s important that you fully understand the risks and are prepared to put in a lot of effort to learn how to trade.
If you are prepared to do this, you have a good chance of being a successful trader and potentially making a lot of money!
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