The exponential growth of the internet in recent years has thrown open a number of opportunities for entrepreneurs to make money online. Between the year 2000 and 2008, the world has seen a near 300% growth in the number of internet users around the world. The Asian continent leads the pack in this growth story with China claiming 210 million users, Japan about 88 million users and India 60 million users. These are figures are as of December 2007 and are still growing. What does this growth mean to you and me?
Seamless business
When we discuss making money online, freelancing is the quickest and easiest route to make money online. Whether you are a software programmer, web designer, copywriter, SEO expert, Market Researcher or engaged in almost any profession or calling, there is an opportunity available to you. To make a beginning, you can open the home page of any search engine and key in the words make money online. You will be surprised by the number of search results which pops up in a few seconds.
Your role
So, you have found all those web sites which promise to hold your hand and take you straight to the bank vault. Well, to make money online, you need to have some product, skill sets, or great amount of knowledge in one or more related areas. If, in the process of your effort, someone promises to take you to the bank vault straight, ignore him. In addition to opportunities directly related to your profession, skill, or merchandise there are other opportunities too. Paid surveys, mystery shopping, network marketing/multi level marketing etc. is only representative samples of the different opportunities.
Getting started
Now that you have a bird's eye view of making money online, it is time to get started. Instead of trying to grab at all those opportunities (remember, there will be hundreds of web-sites promising you the riches) in one go, you should analyze several of them and select a specific niche where your product or skills can be best employed. Once the niche is identified, narrow down your search to that niche and study each and every offer meticulously. Understand precisely, the inputs that these web-sites need from you to get started, if there is an entry fee what the quantum is and how you pay that, does it require you to furnish your credit card details (it is best to avoid such sites) etc. For example, you may be an expert in sourcing antique goods or even specific range of goods within that category. Incorporate this expertise into your search and study the offerings under that head.
The drivers
You are almost ready to launch into your new occupation ? making money online. Like in any business, profession, or calling, there are certain fundamental parameters which will drive your business to success. In nearly 100% instances of making money online, every bit of the act is done through the internet and the buyer and seller seldom have any physical acquaintance. The two parties can be as distanced as several thousand miles or as close as your backyard. Honesty, integrity and punctuality therefore become the major drivers or the operative words.
Cod 4 Online Key
9 times out of 10, these lines will easily hook you in immediately. And, once you are hooked in, you will be enticed with photographs of under-25 year old kids in their own private yachts, yuppies driving the latest Mercedes Benz Sports model, etc. – luxuries that the websites will say these Richie Riches purchased from the obscene money they earned by joining these "Get Rich Quick" websites.
Get rich promises such as these, and misleading but enticing web copies are pure banana oil and the photographs you see may not be the real thing – most likely they are pictures of yuppies on the dole who are desperate to make a few bucks themselves. If you have signed up for such a scheme, then nothing could be further from the truth but for the fact that you have been dealt a sucker punch. And you will be sure to see your hard-earned money being flushed down the drain because the "get rich quick" site loaded you with stuff that is impossible-to-sell.
So where do you go from here?
You want to make money online but now you have been told that the guys who are filling your ears with “get rich” promises are hanging around on the web trying to get rich themselves! Are there any chances that an excited Internet entrepreneur can become successful then?
The answer is a resounding “YES!”
Any Internet entrepreneur can realise his dream into reality provided he sticks to the tasks and builds in the following 3 key factors into his online business model.
Key Factor # 1: Invest Time
An Internet entrepreneur has to put in some time into his site. An average 2 hours per day must be invested into the site on adding content, checking statistics, building links, maintenance, marketing the site, submitting it to directories, etc.
The results are sure to follow – but not immediately. The entrepreneur must have the patience for at least 4–6 months for the money to start rolling in.
Key Factor # 2: Invest Money
The only thing that you can expect for free is oxygen – and even that's running out nowadays.
So, if you are an Internet entrepreneur and are serious about doing business online then you must invest money in it. A good website has to be neatly designed and flawlessly programmed. The domain name needs to be purchased, the website needs to be hosted on a robust server, the site needs to be marketed and payment gateways need to be built in.
The good news is that designing and hosting a well-built business online does not cost as much as it used to a year back. To be realistic, it will cost you a few hundred bucks (excluding marketing costs) or so to set up an online presence, but this money is worth spending. If you do not invest any money into your website, you will get back nothing in return.
Key Factor # 3: Invest in Knowledge
If you are new to the Internet, and if you are hell-bent on establishing an online business, then you have to learn how Internet technologies work and you must keep yourself up-to-date with the latest Internet trends.
Of course, no one is asking you to learn programming languages, but you must at least know what they are all about and how they can help turn your website into a user-friendly one.
Think about an Internet business as another profession, for example, a doctor's profession. If you want to become a doctor, don't you have to go through the grind before you can truly become a good one? The same logic applies to an Internet business too.
These are the 3 key factors that can help you succeed in your online mission. Go right ahead and develop that killer website you feel will make you a success story on the Internet – but go about it with a business-like approach and not as a casual hobby. Only when you treat it like a business, then you can expect to make full time income out of it. Keep in mind the 3 key factors listed above and in time, you will come out trumps.
Both Alan Lim & Adrian Ng are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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