Making Money Online
Make Real Money Online
Many people wonder whether it is possible to make real money online. Perhaps you have friends or acquaintances (maybe even your neighbor) who have tried to earn money on the web and have barely earned enough to pay for lunch. Maybe those people spent many hours in their attempts, but they still had little to show for it at the end of the day.
Certainly we have all heard about those who have “struck it rich” on the internet. Companies like Google, Amazon, eBay and Facebook are legendary. Of course we all know that those success stories are rare.
However, if you set your sites between those two extremes (neither as high as Facebook, nor as low as your neighbor), it is quite possible to earn a considerable income on the web. Those who succeed typically take one of two approaches.
Paths To Help You Make Real Money Online
The first approach uses a system in which you build multiple streams of income by partnering with experts with the necessary skills and knowledge. The second approach is to put all your energy into building one business that offers a service or product that is in high demand. Let’s look a little more deeply at those two alternatives.
Multiple Sources Of Online Income
Some of the most successful internet entrepreneurs build a business that relies upon the expertise, services and products of other businesses. The most familiar of these models is affiliate marketing. However even the most profitable affiliate marketers frequently take advantage of other income opportunities, including Google’s Adsense or other online advertising programs. Some business people add other ways of generating revenue to their personally mix of opportunities.
One of those is ZibZoom, which offers a franchise opportunity to earn money through their various portals such as the ZibZoom search engine (a very different approach to earning than Google offers) or DealConnex (a discount/coupon service connecting local consumers to local and national businesses). While the investment in such businesses is low, a wise business person is still able to leverage the expertise of the franchise distributor to build the revenue in order to dramatically add to the total income of the new business.
The advantage to the strategy of developing multiple streams of incomes is that the approach typically provides some income sooner than the single business approach, and that earned income can be reinvested in your efforts to build other revenue streams. In other words (all other things being equal) you will begin to see money coming in sooner than you will under the second approach.
Concentrating Upon A Single Business To Make Real Money Online
The other common system to truly making genuine money online is to start a single internet business, focus all your attention upon it and build it until it grows to the size that you desire. In most cases, this effort will take more time (and, perhaps, more financial investment) to develop to the point of actual profitability than will the “multiple streams of income” approach. In the long run, if you have the time and financial resources, what you dedicate to the building process may be worth it.
You must first identify what product or service you can offer. Second, you must do the research to make sure that what you are offering has sufficient demand. Third, you have to come up with a unique selling position (USP). Your USP can be any one of a number of things, but it must be strong enough to command the attention of either the consumer or business to which you are offering your service or product.
Here are some things with regard to your USP that might work to your advantage in this approach:
- Same or very similar product or service at a considerably lower price
- Clearly superior product or service at a price close to competitors offering the lesser product
- Demonstrably better service with the same or similar competing services
- Far better guarantee than offered by competitors
- More appealing USP presentation than the competitors
Remember that, as the newcomer, you must prove yourself in some trustworthy way before potential clients will be willing to buy. Your competitors will have proven themselves by longevity or other means.
If you have lots of money and time, the single business approach may be best for you. Otherwise, we suggest that you follow the path for the model that encompasses the multiple streams of income approach. Either way will allow you to make real money online.
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