Friday, January 30, 2009

Make Money Online by Sharing Business Ideas

By Nicole Dean

People all over the world are facing tough economic times. While it can be easy to get worried by financial woes like almost everyone else, you can instead chose to view our financial climate as a positive thing -- an opportunity even.

How could you turn the bad economic situation into an opportunity for you? Since a lot of people are getting laid off or downsized, there are now a lot of people looking to make money on the internet. Since so many people want to learn ways to make money online, this could be a great opportunity for you to take advantage of. You can help others make money online while make money for yourself.

How do you do that? Here are several ways.

Build a Blog or Website Community

Because people looking for money making ideas is such a hungry market already, you can very easily tap into that market and profit by creating a blog, website or online community. It's very easy to find or come up with a wide range of business ideas people can use to start businesses, especially for those on a limited budget. By creating this internet community, you would be adding a valuable resource by giving your visitors a place where they can talk about business ideas.

You can earn income in a number of ways. The easiest would be by displaying ads through Google's Adsense program and by accepting advertisers. (You can also make money by promoting other people's products through their referral programs as you'll see in a moment.)

One other great way you can make money by sharing business ideas is to

Write Your Own eBook

Millions are made selling ebooks about business ideas. While it can be very tough to compete in the big "How to start a restaurant" or "How to invest in real estate" markets, you can easily dominate smaller niche markets without too much competition.

An online informational product is a bit of work to put together. First, you'll need a solid idea to get started. Then, you'll write the ebook or or record the information in an audio format (you can hire a writer if you aren't knowledgeable on the topic). Once your product is complete, you'd create a website or blog with compelling sales copy, and set up a method of payment.

Of course, you'll need to provide ongoing customer support for your products and continually promote (market) your website to generate sales.

One of the best things about selling a downloadable product is that you never have to ship or print anything. All your products are easy for your buyers to just download on to their computer.

But if that still seems like a lot of effort, you can take the easier alternative route of

Sell Business Idea Products Through Affiliate Programs

If you'd rather not create your own product, you can make a lot of money selling someone else's product instead. Most of the best-selling "How to start a business" websites (including the one mentioned at the end of this article) offer a referral program. Depending on which free program you sign up for, you can get paid as much as 50% of all sales that you refer. (Send a customer to the website and you get 1/2 of the sale price.)

One of the best things about referral marketing (also called "affiliate marketing") is that you save yourself the effort of making your own product. You never have to worry about customer service or fulfilling orders. The only thing you're responsible for is directing traffic to a website using a special link. If you enjoy telling family and friends about new restaurants, movies or products you like, then this could be a great way for you to make some extra money online.

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