This is by far the biggest one I hear over and over again, day in and day out by newcomers and many advanced marketers.

I know you want to start making money online and I know it’s hard to get started but if you have a step by step formula to follow it is much, much easier and very possible.
As I have already pointed out, one of the biggest stumbling blocks for people who want to start their own, profitable Internet business is a lack of business ideas.

What kind of business can you start? How do you create your own product? How can you resell branded products using a warehouse or drop shipper? Where do you find these products and drop shippers? And how on earth do you find out what to research?

YOU need to know where and what to look for!

VERY BIG TIP!!! A very important point here that many so called guru’s on the net will not tell you. To really make the big incomes we are going to talk about you must have something that can produce HIGH RETURNS for every cent you invest. Otherwise you will not get WEALTHY. You will not become an internet MILLIONAIRE if you just sit back on anything below 35% profit margins.

The last thing you want to do is spend a whole year of your life spending money on a business with zero profit or heaven forbid a loss.

There are a few ways to make money on the net but the two main categories when selecting what to sell;

INFORMATION or PRODUCTS

If you want to market products you can do so by selling someone else’s INFORMATION or their PRODUCT via affiliates that many set up via their own site or through www.clickbank.com for example. Others use wholesalers and reseller sites.

There are many out there who prefer the AFFILIATE route so they don’t have to bother with spending the time and effort to set up their own business or find ideas and niches themselves. WHY? This involves work.

In this case you will need to know how to get traffic and build your lists. If you want to spend less time on your business then this is the best method and it’s fairly easy to make money but you are limited and there may just be a whole lot of other people out there flogging the same horse.

The other way is to have your own INFORMATION or PRODUCT and build your own affiliate network. It’s tougher from the start but once you have that MOMENTUM you will notice the profits become greater and your effort less for more.

Imagine you are in your current job. Let’s say you are a salesperson who has targets to achieve each and every month. It’s tough as your targets are always getting put up just out of reach and unless you work 12 hours a day you have little chance of making target and collecting big bonus checks.

Now, think how much easier it would be if you have a hundred other sales people working for you and giving you qualified leads

They make all the calls, see all the clients and all you have to do is get them to sign your paper work. All for a small commission but only once the client has signed. Wow! That’s a big Wow!

What a great idea. Well, this is just how the affiliate works on the net but you can build them up to be in the thousands. I mean tens of thousands.

AND NO PRODUCT OF YOUR OWN

Many people think that to sell products themselves they need to invent some new way of making a wheel or they put in weeks or months of work to create an e-book that most people would never buy or even read.

INFORMATION or content would be information products which include e-books, DVDs, CDs, manuals, books, blogs, websites, ezines, newsletters etc.

BUT, if you want to make the most profit then having your own information or content or products is a must. Simply reselling another persons content or product is not enough and it has a definite life cycle.

In short, if you really want to sell other peoples products make sure they are closely related to your own and to the subjects of your blogs or newsletters. Otherwise you will not sell a thing and risk losing them as a subscriber. Remember the thought about integrity. Don’t just try to make money.

The most success will come from adding good products in a skillfully written email that makes you sound like their friend and gains their trust but only once you have given them something of value. If you don’t have their trust they will not buy.

A lot of brand new people to this business will have been to many a seminar telling them to simply resell someone else’s product and make millions within a year.

NOT SO MY FRIEND!

“RUBBISH” I hear you say. “I have seen the guys who do this at seminars and the proof of income.” Actually, I have also seen them all. I can name the successful ones on one hand. Yes, they are extremely hard working.

You can fail here very easily because… IT’S TOO EASY FOR OTHERS TO COPY. Once this happens your market is almost dead. You need to be at the top of the tree here.

There are also many sites out there that are offering you FREE websites all setup and ready to go. Got one? Well if you have then thousands of others have too. We will talk about niches in the next section where this will all come clear.

The Internet has huge opportunities to make lots of money in various ways with all types of info products and merchandise, but, like all things these will always need the most effort from YOU.

YOU MUST BE PREPARED TO WORK FOR THIS.

OK, so that covers a bit about Information products and as you have read it is hard work and it takes a lot of research to find that great content. If you choose just to be an also rand and copy all the ideas on the net without thinking about what it is that you are doing to help someone then your struggle will be an uphill one.

Let’s talk about PRODUCTS you can resell.

To make it clear this is what I would call stuff like cars, car parts, TV’s, Video players etc. Companies may include GM, Ford, and Panasonic etc. They all have their own great product that is as they say UNIQUE. Some try to sell them online too. But, the difference being that they are selling their own products. You will never see Panasonic selling a Phillips product in a Sony shop.

There are also many resellers out there that sell other peoples products. Wal-Mart in the US and Tescos in the UK are experts at selling other peoples products. They are true merchants or resellers. They buy at wholesale and sell at retail. The profit is the difference between the two.

Here are some more examples of merchants, ToyRUS, Sears, Kmart, Topshop, Next, Amazon and many, many more.

None of these actually make their own products. Some are branded but they don’t actually make them.

Confused? The thing to remember is that most of what’s being sold is being sold by people like us. Marketers, or in some cases you may call yourself a publisher, and not the actual manufacturer of the product.

In this case you don’t have to sit and think up a product, you don’t have to make a thing. What you can do is use a drop shipper so you don’t even have to store the products or buy them. Just like going to the store to buy something. You don’t pay until you buy.

You can make a lot of money with your own ecommerce store selling merchandise. They can be cheap and simple to set up.

WORD OF WARNING

When it comes to making money from your own ecommerce store, there is a very large threat to your success.

As you know there are a lot of so called genuine wholesalers out there and one of the biggest problems about this strategy to make money is;

WHERE DO I FIND A REAL TRUSTWORTHY WHOLESALER?

I can tell you that there are a few who make a lot of money doing this but a whole lot more who just get burned. And I mean burned.

WHY?

Because they use a wholesaler that they know very little about and one that has no credibility at all. In fact there are a lot of these, so how do you choose the right one.

Well I know a handful that I would trust but one in particular hits the top of the list. I’ll tell you in just a moment.

The people from Amazon, Wal Mart, Buy.com, etc. don’t make mistakes easily, and you can bet they have a great relationship with wholesalers that they trust.

Ultimately gives these guys the time to do what they do best of all MARKETING THE PRODUCTS.

Have you worked it all out yet?

The simple ingredients for starting your own business on the Internet are;


1. You need a large LIST OF PEOPLE who are hungry for your product. Hungry for your niche and ready to pay for your solution

2. You need a PRODUCT to sell whether this is your own or one that has been produced by someone else. This is temptation.

3. You need to CONTACT these people in anyway you can. Using the Internet, including ezines, newsletters, classified ads, etc

4. You need an initial OPT-IN offer to get them to hand over their names and email address.

5. You need BACKEND products to increase your profit margins

6. You also need to IMPROVE somebody’s LIFE


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Ashley Banfield