22 Feb 2008 09:49:51 | Tim Phelan
Since I sold my last business in 2004 I have been trying hard to
make a living online. Most of my neighbors knew what my last
business was as it was very obvious from the garage full of
soda, water, snacks and vending machines. When I say garage full
I am talking about maybe 1000 to 1500 cases at least. Yes, I was
a vendor and I did this for about 8 years. 8 years of people
complaining about out of date soda, warm candy bars and dimes
stuck in the machines. 8 years of 40 foot Pepsi and Coke trucks
coming up to my driveway and unloading materials. 8 years of
counting coins and dollar bills every day. Had it not been for
the recession, 9-11 and the dotcom bust I would probably have
grown to where I hired a few workers and I would still be doing
it.
However things did slow down and besides, I was looking for
something with less headaches and had more of an upside.
Now my neighbors wonder what the heck I do. They see me stay
inside my house all day long and when I do come outside I am in
a robe, shorts or tee shirt and jeans. They ask me what I am
doing and I say I am doing some “internet marketing.” They just
kind of look puzzled and don’t say much else. Nothing like “ Oh.
My son is doing that also” Or I know a friend I who is an
internet marketer and they are making tons of money” Nothing
like that.
So at times I try to explain and that is what I will do now.
Internet marketing is very simply making money from the
internet. You may say “ Duh. What a genious” but the thing is,
it has to be described in that broad of a sense because there
are so many types of internet marketing. Here are a few
different ways to make money online that I have discovered:
1. Affiliate programs.
Affilaite means you sell other people's and companies products
and you get a commission. Many huge companies around the world
use the affiliate system to sell their products such as Yahoo,
Microsoft, Macys, AT&T, Walmart, Blockbuster, etc...The products
that can be sold from affiliate sites are never ending. I
honestly can't think of a product that can't be sold through an
affiliate program. Here is a short list of some of the products
I can sell through various affiliate programs: e-books, solar
panels, books, magazines, homes, mortgages, wart remoaval
medicine, hypnosis tapes, leads, movies, car insurance, anti
theft devices for cars, self improvement courses and the list
goes on and on.
Here are two examples of my affiliate programs. One deals with
hypnosis and the other deals with real estate businesses.
Real
Estate Affiliate Program Self Improvement Hypnosis Affiliate Program
As an affiliate you sometimes are able to have other affilaites
join under you and you also get a percentage of their sales. The
typical affiliate commission structure is for the affiliate to
be paid a higher percentage on their direct sales, say 50%, and
then a lower percentage on the sales of those affiliates they
sign up, maybe 10 to 20% commissions. Usually what we consider
affiliate programs are limited to two levels. Most affiliate
programs are free to join.
Many of the top internet marketers used affiliate programs to
get started in their carreer.
2. Network Marketing.
Network Marketing is simular to affiliate programs except they
go more than two levels deep. They can go unlimited levels even.
What this does is create great leverage so that you can possibly
make huge amounts of money if you get an organization of
thousands of members. There are different government rules for
network marketing businesses, or MLMs, than for the typical two
tier affiliate program. Network marketing has been around for
about 50 years, way before the internet started. However the
internet has proven to be a great way to promote network
marketing companies.
Here are two of my internet based network marketing companies:
Online English Courses
MLM Business
Better Universe
MLM movie Business
3. Selling your own products and/or on your own website.
Having your own products and/or services with your own website
is of course a great way to make money. There have been constant
improvements to doing this and additional ways to make money
this way. One addional way to now make extra income from your
own website is by using Google adsense. these are ads from
Google's customers who pay by the click to advertise on other
people's websites. This can make a good income for the website
owners but you need traffic to the sites to make money this way.
You can also have links to affiliate sites on your own website.
Or sell advertising directly to other website owners.
Here is an example of a website with Google adsense ads and also
some affiliate programs. Cutting Edge Real
Estate
4. Blogs
A web log is called a blog. This is a way to instantly publish
any information online. There are 9 million blogs out there,
with 40,000 new ones popping up each day. Amazing. A blog can be
set up quickly at no cost at blogger.com, a site owned by
google. Anything that can be sold on a website can also be sold
on a blog so many people are using blogs instead of websites.
Here is an example of one of my blogs.
Self
Improvement Now Blog
About Author :
About the author Tim Phelan is a full time internet marketer and
has owned his own business for over 10 years.