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October 17, 2009
Sick Of Hyped Up Make Money Scams?
The idea of just creating some website and making money off the Internet automatically haunts millions of people worldwide. What most people do not realize is that a cash generating website must be treated like a business. And, just like any business there are a myriad of factors which will ultimately affect your success.
First and most importantly, you need a product to sell. It is almost impossible to start a business of any kind with no products to offer. Imagine for a moment that you are starting a restaurant and you bought the tables, the oven, a brand new refrigerator, spent thousands of dollars decorating the place and on opening day you realize that you forgot to create a menu! In other words, you have everything in place, except the product.
Your product can sometimes be your website’s content in the online world. Of course, content quality and quantity would determine your product’s value. Making a profit from web content alone could be a very difficult proposition, though. And, most scam make money online opportunities will try to convince you they deliver huge rewards via advertising or affiliate commission revenues.
Let’s say you start a content website and get 25K page views per day. This number is actually huge in terms of traffic. Your ad network will report about 5-10% of your actual logged traffic. This means your 25K page views are now only about 1K according to your ad provider. At $2 CPM (Cost per thousand impressions), your website is making between $0.50 and $5.00 per day. Ask any webmaster to verify.
Now, if you depend on affiliate commissions, then the math will change slightly. At 1.0% CTR which is quite generous, your website could be sending around 200 people over to the affiliate partners. Many affiliate programs claim conversion ratios of 1 in 50, but in reality 1 in 200 or worse are more likely. So, your super high traffic content site is now paying you roughly ONE affiliate commission per day.
You’re just not going to make money by relying on advertising or affiliate commissions unless you find a way to get millions of visitors per day.
Every business opportunity you find online that says:
* Newly discovered, never revealed marketing secrets
* Nothing to sell
* Nothing to do
* Fully automated
Is most probably a scam!
How can you really make money online?
Starting your own blog or putting together a $99 PDF e-book is not my recommended course of action. Don’t get me wrong, I have nothing against blog sites or e-books, so let me explain. A stand alone blog site or page promoting an e-book would require an enormous effort and time to become profitable.
On the other hand, let’s say you created a special widget and built a website to promote this product. Now, I totally recommend a blog to supplement and promote your product. You could even sell an e-book on how to maximize your widget’s full potential. Can you tell the difference?
To make money online you need to invent something, and then promote it!
David Thackeray is the President and CEO of Software V2 Corporation. Give your income and instant boost at CrazyDinero.com or go to HotAnnals.com to find this and many other interesting articles. Both are Software V2 Corporation websites. Please visit SoftwareV2.com for more information.
Topics: Ecommerce | No Comments »