Identify thousands of ways to make money online with this simple formula. If you want to work at home and don't know where to start, this article will get you started on the right track. This is the same formula used by thousands of successful home based online businesses.
To make money online you must first find a reason for someone to do business with you. People will only pay for a product or service if it solves their problem.
To make money online you first must identify a problem in you niche market and then find product to solve it. Approaching your online business from this perspective, will not only enhance your chance for success, but you will discover hundreds of ways to make money online.
The first step in analyzing the viability of your online business is to research and identify the top three problems that people in your niche want to solve. Then ask yourself if someone would pay for the solution.
Next, you should evaluate all the possible resources you have at your disposal to solve each of the 10 problems you uncovered.
You should ask yourself the following question: do you have a skill or possess a specialize knowledge that will solve a problem in your niche? An example would be if you are knowledgeable about dogs and you're also a good writer. Ask yourself this question: Can I get paid to write about dogs? You might be able to earn a comfortable living working as a freelance writer out of your home.
Next, you should try to find an outside resource that you could sell to your niche market. You should go to one of the websites that sell info products and see if there are any info products available in your market. We recommend ClickBank.com and PayDotCom.com because they have thousands of affiliate products.
As you evaluate different solutions, you need to ask yourself if you want to sell a physical product or an information product. We don't recommend that you sell physical products if you are new to online marketing. To be successful at marketing a physical product online, you need to possess a technical expertise that most online marketers don't possess.
On the other hand, information products are distributed by downloading them from the internet. When you don't have to handle a physical product, it frees up your time to devote to online marketing activities and increased sales. Furthermore, you don't have to rent an online store front or set up methods to collect payments which reduce you profit margins.
Another advantage of selling information products it they generally pay a higher commission. For example, you might receive a 3% - 10% commission on a physical product, but you can receive 35% - 75% on an info product.
To summarize:
1. Find a niche market that you would like to work in.
2. Research and discover the top ten problems that people want to solve in your niche market.
3. Ask yourself this question: are they motivated to find a solution and are they willing to pay for the answer?
4. If so, solve their problem by selling them a product or service.
5. If it is an affiliate product, simply drive traffic to the sales page and let them sell your prospect.
6. Collect your affiliate commissions.
7. Repeat the process.
Using this formula, you will discover that there are a vast number of ways to make money online.
