Fri, 05 Sep 2014 10:43:24 +0000
The right idea for making additional money
You overcame debt or are able to deal with it. Now you face the need to make some real money. Hard work seems to be necessary, but we want to do it efficiently. We need some good ideas, or at least one. An idea for making money intelligently. This money idea should lead to a side business or a full-time small business for you. We are looking for a business idea.
A side business for someone with no financial resources and possibly no special skills needs one thing more than any other:
Low barriers of entry
No other infrastructure offers better chances for a self-made “work at home job” than the Internet. As soon as you have a computer and an Internet connection, you are on the launchpad with your small business idea. That’s why we will try to dig up online money ideas for our first step.
The most direct way to make money is to have something to sell and then do some marketing for it. That’s not different in the online world. There you need some sort of product, presumably on a website, and then you have to direct visitors to this site.
The secret sauce
Here is a list what to sell or what type of product your website could offer and the secret comes right after it:
Some of these products are easy to offer, others are outright difficult, and some may even look silly. Just look at them for now as a large universe of opportunities.
Important is something else:
The product in the online world is virtual. The potential customer can’t investigate it. Instead they have to believe what your website says about your product. In many cases you will have to sell something by its packaging, the so called sales letter.
Right, your product is actually the design of your website and its text that at first has to interest people and then convince them to buy it. It is not the product itself.
The other ingredient for success is the number of people who see your website and possibly get enticed by its words or look.
A business has two factors of success:
(Good Marketing) X (Good Product)
In the online money making game the magic formula becomes:
(Number of People) X (Enticement Power)
Or in the terms an Internet marketer would use:
(Targeted Traffic) X (Conversion Rate)
The latter means simply this:
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