Thursday, August 6, 2009

Ways To Find Money Streams

In this article, I am going to discover how to find different money streams with different amount of investment. I believe most of the internet marketers start with little or no money at all. So the first two ways will be popular among the new internet marketers. With little or more money to invest, marketers will move to the second method to actually gain money faster. The last method is much to the final stage of the internet marketer and it require a lot of time and efforts. It also requires some investments. Let's delay no more. Here's the different money streams that you can find online.
1) Doing surveys, reading ads.
Required investment : None Personally, I have tried numerous reading ads program. You basically cannot survive just by reading ads. But for the start, it's good to get some free money. Just try to sign up for 5-10 programs and read ads for one month. It should be able to get some funds for your next stage of internet marketing. With 10 bucks earn from each program, you can get 50 - 100 bucks. Remember, it's not for surviving. It's just for funding raising for your next stage of internet marketing. There are some programs that you can join and some that you need to avoid. But basically, you just need to read ads for the first month.
2) Affiliate Marketing.
Required Investment : 50 - 100 USD This is the second stage for internet marketers and most of the marketers are kinda contented to stay in this stage. Also, there are marketers whom directly go into this stage before the first stage. This is because they are willing to invest a little amount for faster success. The little amount is just 50 USD and it can be easily achieved. However, it is almost the killer step for internet marketers if they just go into this stage directly. Simply, there are too much things to learn about the internet marketing world. Doing affiliate Marketing, there are different steps that you need to follow in order. It is discuss as follows. Step 1 - Research Researching about the product is the beginning of the affiliate marketing. The research will be focus on the demand and supply. Let's take weight loss diet as an example. We need to check on the demand first before we check on the supplies. First, go to a website called, overture. This is the website where they will generate how much volume are there for a keyword. Input the keyword into the website and it will generate how much people has search for that keyword phrase. If the volume is profitable, then we will continue to search for supply. Supplies can be found in affiliate websites like CJ and ClickBank. If there is sufficient supplies and demand, we will proceed to the next step. Analysis.
Step 2 - Analysis
Analysis the product whether is it profitable. If the profit that you get for each sale of the product, is less than 15 USD, I will suggest that you look for another product. Unless you are very sure that the product will sell alot. And after analysing the scale of profit, we need to understand the competition. Simply key in the keyword you have into google and see how much return hits it got. If it's more than 100,000, then I will suggest not to go ahead anymore. It's a fierce competition that you will be facing if you continue. If it's under 5,000, it still can be a profitable market for you. After understanding the scale of profit and the competition, the next step will be implementation.
Step 3 - Implementation
This step is often the most tedious step of all. Most marketers want to avoid this step but without this step, all your research before, will be going into the drain. Implementations can come in different form. Depending on how much are you going to invest. One of the best method, is to buy a domain and hosting. Yahoo! Web Hosting is one good suggestion for this. Why buy a domain and web hosting? This is because you will have all the flexibility that a website can have. Imagine getting those free web hosting. When your visitors are reading about your weight loss website and suddenly, Mickey Mouse came out as advertisement. It will tell the visitor how professional is the website. After getting the domain and hosting, you need to create a website. Yes, do not worry. There are tools in Yahoo! to help you to build the website. Also, you need to plan before building your website. It has to be SEO. SEO(Search Engine Optimization) is the step that helps you and your website to be index by the search engine. I will cover SEO in future as it is a very big topic. Next step is known as Testing
Step 4 - Testing
After implementation you need to do testing. Whether is the web successful or not. It can be easily done by creating 2 similar websites but to different links. Of course, the websites need to target different keywords. Let's say, the first website targets "weight loss" and the other targets "weight loss diet". In this way, you will know which one is better and which one needs improvement. Once changes are required, it will trigger the Implementation steps again. Remember Implementation and Testing steps comes in hand by hand. Here, I have covered the steps that affiliate marketers are doing. If you can do these all correctly, the payback is very high. But it will take several months before it can finally come into fruition. One good example for affiliate marketing is Affiliate Rockstar Status Review
3) Information Seller.
Required Investment : 100 - 1000USD This is the final stage of Internet Marketing. The Information Seller. As what its name has suggested, they sell information. This stage requires alot of efforts, research, and experience. Efforts needed to analysis data, manipulate data, and implement strategies. Research is needed to find information beyond information. Experience is needed to implement the whole system into the internet marketing world. The information seller writes ebooks that are on demand. They normally write ebooks with their own experience or interest. In this way, they will be better as they have personal encounters before. While they are writing the ebook, they will need to research more regarding the field they are writing. This leads to more researching. After completing the ebook, they will be uploading it to the affiliate marketplace, like clickbank and cj, and start selling it online. They, themselves, will be applying some internet marketing strategies to kickstart their ebook. And after that, they will rely more to the affiliates to help them promote their ebook.