Flipping through late night TV infomercials you’ll find any number of celebrities hawking the latest business system to folks who hate their day job and are looking for an easy way into their own home based business. The biggest trap people fall into is jumping from the corporate world into a home business that is still trading their most valuable asset (time) for dollars. Except now they are working more hours because their is nobody else to take up the slack. As the boss, they now have all the responsibility.
Looking around the available opportunities in the online world there’s not much difference. Many of the supposedly good ‘online businesses’ really only offer a way for people to work from home in their PJ’s but still are trading hours for dollars. Some examples are building small sites to sell for $150-200. Building a site is hard work – why would you want to turn over the profit potential to someone else? Article marketing is really a grinding way to earn a living. Selling services on discount sites such as fiverr is really not a profitable option.
If you’re not building a system that develops multiple residual income streams you’re never going to build true wealth for yourself.
What is residual income? In the traditional business world an example would be accumulating rental properties, allowing the rent income to pay the mortgage off over a 15 year period and then you own them free and clear and the rent income is 100% profit (well, almost – you need to deduct maintenance and taxes).
The online version of real estate is domain names and web sites. Instead of borrowing hundreds of thousands of dollars to purchase real estate you can buy a domain name and hosting for a few dollars and with some dedicated work build a web site (or spend $50 or so to outsource). If you build a niche site around a product that you can sell as an affiliate you can bring in $5-20 per day per site. Once complete, the site takes very little maintenance so you can move on to the next site and before long have a network of 100+ sites working for you. No payroll, no real estate taxes and no roofs to replace.
Building 100+ sites might seem like an impossible task if you’re just getting started. It’s kind of like eating an elephant though – it can be done you just need to do it one bite at a time. Your first site is going to take some time to complete. Keyword research, finding a suitable domain name, installing your site software, theme, plug-ins, etc. and then you need to write the articles and promote. There are a number of shortcuts that can save you significant time and money. Before long you’ll be putting up a new site in a matter of hours instead of days. If you’re looking for a step by step process to work through and shorten the learning curve check out the Niche Affiliate Empire video course. This course is designed to take someone from any experience level step by step through the entire site building process. None of the steps are difficult but just watching someone else work through the process can really be an eye opener.
For a step by step plan to your own true wealth building machine go to http://nicheaffiliateempire.com
One of the steps that trips up most new internet entrepreneurs is choosing the right product to promote as an affiliate. With thousands of options available and since you need to make this choice before purchasing your domain name and deciding on articles to write it can easily become a step that causes beginners to just give up (or at least seriously delay their progress).
Everything You’ve Ever Learned is Wrong!
I love that phrase and it’s often overused but in this case it’s probably true. One of the first Clickbank affiliate courses I purchased many years ago taught that you look for a product with high gravity (100+) as these are ‘popular’ products and thus good products to promote. There are two huge problems with this theory and one of these problems creates a fatal mistake.
Problem #1: Gravity is not based on total number of sales but instead on the number of different affiliates promoting the product. This means that a high gravity product is going to have LOTS of competition for the keyword phrases you are trying to rank for. This is difficult enough for an experienced marketer but for a newbie it can be almost impossible.
Problem #2: Some of the crappiest products have a high gravity score! Let me try to elaborate. Your typical big name ‘guru’ goes together with a couple of his buddies and creates a product and not a very good one at that. They have huge lists of other ‘gurus’ that follow their every move and so they mention their upcoming launch and create a huge frenzy of affiliates who jump on board and promote the product on launch day and on. The product is pure crap and after the initial launch doesn’t convert well – but every new marketer sees the popular name and decides to try to promote it, sells a few, notices the high refund rate and gives up on internet marketing. This further inflates the gravity score so that the next wave of newbies getting online chooses it also, gets discouraged and moves on.
Judging by these criteria, I personally stay away from products with overhyped marketing and a high gravity score unless I know the author and product extremely well and also know that my client’s demographics fit and will convert.
What do I look for? First and foremost I study the customers I am going to be marketing to. Is this a product that fits their needs exactly? If not, I move on. Next I look at the sales page. Is it well-written copy that is compelling and makes me personally want to purchase the product? Lastly, I look at the product itself. Yes, I know it’s unheard of but I actually purchase the product and go through the material. Thankfully, I don’t need to purchase every product I promote – here’s a secret tip – you can often approach the owner of a product and ask for a review copy before you begin to promote it. You will know immediately if it is a product you want to put your name behind and promote.
For more information on choosing and promoting affiliate products be sure to join our HJC Marketing Training at Home Jobs Corp (enter your name and email in the form at the top right corner of the site).
Looking for at home jobs for data entry? Search no more because we have compiled a list for you. I know how hard it is when looking through the Internet for legit home jobs concerning data entry. You may come across many survey sites that will ask for you upfront money on their courses and this is most likely a scam so be sure to steer clear of anything program that asks for money first. You don’t even need to search for home jobs on the Internet. Coming up with an idea yourself and finding the right platforms to advertise on is the ultimate way to make money online. If you know how to do small tasks like eBay posting, Craigslist ads, writing articles, or even designing – you already have the gift to work online. Fortunate enough for you, there are many free ways to advertise your business or service you want to provide people. There is a large demand for these types of jobs because many people already have 9-5 jobs and simply cannot put in the time to do this themselves so they must hire someone else to. Here are the current top 3 home jobs for data entry.
Article Writing: If you have the gift of creating informative pieces of writing or even stories, you are already in business. However, you might run into a small bump of creating your portfolio online. For a few days, try writing a couple articles for free by advertising through different Classified sites. Many people need articles and if they see your quality, they’ll want to hire you for more projects. This gives you a chance to build a steady client base while also producing your online portfolio. You could also write at websites like InfoBarrel, Hubpages or Firehow. This way you will write while earning extra cash.
Video Creation: Many online marketers need people to create videos for them and this is one of the easiest, most untapped ways to make money. It hasn’t been saturated by others yet because most people don’t have the proper equipment to create a video. If you have a great voice and the tools to do this, it is a wonderful way to make money online. Some of the top companies online are charging anywhere from $300 to $500 for 5 minutes of video which is simply outrageous. You could offer lower rates and get a handful of people purchasing videos from you if they meet the same quality of these companies or somewhat similar. This is a great way to meet other successful marketers online and provide your services to them. Most home jobs for data entry are tedious, but video creation requires little data entry so this is perfect for some people who want to rotate services.
Programming: For those of you who know about raw HTML or CSS, this is a wonderful opportunity to earn money online through data entry. However, you will be competing with many other design companies. A good way to build your portfolio is make a series of free websites (up to 3) with one to two pages so this way you don’t over work yourself. Go ahead and promote your current clients for 10% of the sale if they refer your web design services to a friend . This way you are inviting them to earn money while referring people at the same time. This is one of the ways I started to get web design clients. Trust me, after you get a few solid referrals – people will definitely put the word in about your freelance design services.