Monday, August 13, 2007

Making Money online with an online business (and get rich?)

Here are different types of online businesses you could start with a blog and Wordpress plugins.

1. Be a critic!


Some people just love to criticize everything they come across. They don't like the new Harry Potter book while they rave about the last episode of Oprah... or was it Montel?

If you are a critic, you could set up a review site. Give the pros and cons for everything. Can you recommend it?

Even if you can't recommend it people can check out what you reviewed.

Just pick a topic: celebrities, health care, internet services, books, restaurants, etc.

How to make money by being a critic: One option is to sign up for affiliate networks. When you review a product, add a banner ad and a text link to it so people can see the product or service. If your visitor makes a sale during a specified time, you'll get a commission.

2. Be a buyer's guide


The difference here is that you don't offer an opinion. Just list the pros and cons of each product in your topic and provide links. Make a table comparing different features and let the reader form his or her own opinion. Text-based links would be great for this as well as Google Adsense. Ad some posts listing criteria they should use in selecting a product or service.

3. Be a consultant


By consulting online or in person for your area, you blog is just your PR representative.

Add pictures, a stunning biography, some audio clips, and provide links to related complementary services that will only indirectly compete. Use a contact form, and a newsletter to keep people informed about your changing services.

Put examples of your work online. If you are a writer, promote your book with a landing page and offer an excerpt.

If you are a photographer, put thumbnails of your work online beside your text.

If you are a business consultant, try to get some testimonials added. Can you get permission to mention a successful project and how it benefited your client?

4. Be a writer


The idea here is to write about your passion, your heart's desire. If you are passionate and knowledgable about your subject people will come. Your text should dominate the page, and any advertisements should only be secondary.

I think that if you write many pages of text you should consider contextual in text link ads. There are several programs available to do so. In text link ads will appear automatically after signing up and inserting special code in your website or blog. When a user's cursor hovers over a linked word, a pop-up-ish box appears with a mini advertisement.

Some programs pay per click while others pay commissions on sales. There are different requirements for each program.

An advantage to using in text link ads is that you will only need one sidebar not two.

This allows your content to take up more space. You could even select a Wordpress theme that has a larger text size, which is easier for those of us with larger monitors to read.

My current monitor is 19"wide which is natively at 1440x900, When not playing games, I drop it down to 1280x960. Why? Because everything just looks too tiny otherwise! If someone is going to read pages of your text and you only have one sidebar, consider increasing the text size in your theme's CSS file.

5. sell goods and services online


Some services like graphic design could easily be done online. Web hosting reselling also can be easily setup.

You could sell your homemade crafts, carving, crochet, knitting, carving, etc.

What about selling silk screened products? Profit margin is a little low but you could make them very personalized.

6. Sell digital downloads online


These could be your digital downloads or through a sales agreement you made with others.

Just make sure the agreement is written and signed.

Anything that can be digital, can be sold online with good landing pages.

If you are a programmer, sell software. If you are a writer, sell e-books. If you are a photographer, sell photographs.

If you are a mechanic, make how to videos for repairs. If you love to garden, why not record tours of botanical gardens and sell it online? Record basic things that are hard to explain. How to prune a tree, how to repot a plant, how to plant bulbs, etc.

7. Build a community


Most people who blog are at a disadvantage since blog forums are not that good. You can hover make sure comments are turned on, use plug ins or links to a good forum that you've designed, invite guests and experts to guest blog.

Use Google Adsense with community sites and change ad positions and colors over time so that ad-blindness is reduced.

The advantage of community sites is that once you have visitors, new visitors make the new content for you.

You only have to keep the ball rolling . The disadvantage is that it is difficult to get those first few visitors to post so that your site will show up in Google searches.

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