Starting a online business does not have to be difficult. In fact, anyone with the basics of computer skills can start earning easy money. In this article I will take your through the various steps, using one of the options available for starting a online business.
The easiest method to make easy money on the internet is to sell products. If not your own, then by selling other people's products for a commission.
Chances are, that if you are in the beginning stages of starting a online business, you most likely do not have a product of your own. So what we are going to do, is show you how to sell other peoples products.
You need a product to sell. As ClickBank has the widest selection of products. This would be a good place to start, by opening a free account. When the account is set up you will receive a few directional emails. Read them, as well as the "getting started" section on the ClickBank Site. This will give you an idea of how the system works.
You will also need to open an account with Google Adwords. This account you will use to advertise the product and also to do keyword research. More on this later. You will need a credit card to open the account and there may be a nominal setup fee. You cannot really go any further without an Adwords account, so don't let the cost throw you.
When you are notified that your account has been set up. It is important that you read up to find out how the Adwords system works. Google has lots of information on the subject. In simple terms. Your advertisement will be based on certain keywords. You will place a bid on the keywords that you will use to sell your product. But, the more popular the keyword, the higher the bid.
Now to find a product. Go to the market place in ClickBank. You will see that there are lots of categories to choose from. In the beginning, it may be advisable to choose a category that you do have some knowledge in. Then select 5 to 10 products that pay commissions in the region of $20 or more.
Now we are going to do some research to find out if the product can be profitable. For this purpose we will be using the Adwords keyword tool. Enter the exact full name of the product you have chosen in the tool and let google find keywords.
The number of searches for your product is important. As a rule of thumb. If there are less than 3000 searches per month. It may not be very profitable to market that product. Next thing to look at is the competition and what the suggested minimum bid is. Remember, the more the competition, the higher the needed bid will be.
But keep in mind that someone entering the search phrase "how to knit gloves" wants to know how to knit gloves. It is then reasonable to assume that out of every 100 clicks on your ad at least one sale should be made. And working on a 100% profit. It means that if the minimum bit is suggested at .10c you will break even on that one sale. Any additional sales are all clear profit.
This may not sound like you will not be making a lot of money. But, repeat the same procedure with 20 to 30 products giving a profit of $300.00 each per month. See how it ads up.?
Now let's take it one step further. Look at the other keywords suggested. What you are looking for is 5 or 6 other keywords that are closely linked to the product you are selling. These keywords you analyze on the same principals as explained above. Bear in mind though, you do not need 1000's of keywords. A few well chosen keywords will do the job.
So far so good. The last step is to write the advertisement you are going to publish. For the title of the ad, use the exact name of the product. For example, if the product is "How to Loose weight". That would be your title. Then do a search for the title and have a look at the competition ads. Get some ideas, and write your own, but a little better.
A word of warning. Playing the Adwords game can be a very expensive exercise if you do not monitor your monthly spending against sales made. You also need to be able to monitor your ads and keywords, to find out which are working and which are wasting you money. If you do this. You could have a very pleasant experience when starting a internet business. - 2364
The easiest method to make easy money on the internet is to sell products. If not your own, then by selling other people's products for a commission.
Chances are, that if you are in the beginning stages of starting a online business, you most likely do not have a product of your own. So what we are going to do, is show you how to sell other peoples products.
You need a product to sell. As ClickBank has the widest selection of products. This would be a good place to start, by opening a free account. When the account is set up you will receive a few directional emails. Read them, as well as the "getting started" section on the ClickBank Site. This will give you an idea of how the system works.
You will also need to open an account with Google Adwords. This account you will use to advertise the product and also to do keyword research. More on this later. You will need a credit card to open the account and there may be a nominal setup fee. You cannot really go any further without an Adwords account, so don't let the cost throw you.
When you are notified that your account has been set up. It is important that you read up to find out how the Adwords system works. Google has lots of information on the subject. In simple terms. Your advertisement will be based on certain keywords. You will place a bid on the keywords that you will use to sell your product. But, the more popular the keyword, the higher the bid.
Now to find a product. Go to the market place in ClickBank. You will see that there are lots of categories to choose from. In the beginning, it may be advisable to choose a category that you do have some knowledge in. Then select 5 to 10 products that pay commissions in the region of $20 or more.
Now we are going to do some research to find out if the product can be profitable. For this purpose we will be using the Adwords keyword tool. Enter the exact full name of the product you have chosen in the tool and let google find keywords.
The number of searches for your product is important. As a rule of thumb. If there are less than 3000 searches per month. It may not be very profitable to market that product. Next thing to look at is the competition and what the suggested minimum bid is. Remember, the more the competition, the higher the needed bid will be.
But keep in mind that someone entering the search phrase "how to knit gloves" wants to know how to knit gloves. It is then reasonable to assume that out of every 100 clicks on your ad at least one sale should be made. And working on a 100% profit. It means that if the minimum bit is suggested at .10c you will break even on that one sale. Any additional sales are all clear profit.
This may not sound like you will not be making a lot of money. But, repeat the same procedure with 20 to 30 products giving a profit of $300.00 each per month. See how it ads up.?
Now let's take it one step further. Look at the other keywords suggested. What you are looking for is 5 or 6 other keywords that are closely linked to the product you are selling. These keywords you analyze on the same principals as explained above. Bear in mind though, you do not need 1000's of keywords. A few well chosen keywords will do the job.
So far so good. The last step is to write the advertisement you are going to publish. For the title of the ad, use the exact name of the product. For example, if the product is "How to Loose weight". That would be your title. Then do a search for the title and have a look at the competition ads. Get some ideas, and write your own, but a little better.
A word of warning. Playing the Adwords game can be a very expensive exercise if you do not monitor your monthly spending against sales made. You also need to be able to monitor your ads and keywords, to find out which are working and which are wasting you money. If you do this. You could have a very pleasant experience when starting a internet business. - 2364
About the Author:
The Significance of monitoring your ads, keywords, visitors etc is paramount to your success. For more information on how this can be done, go to the authors' website Covert Conversion Pro for details. The Author also has a excellent Free Internet Marketers Survival Guide which is available at Google Snatch.
No comments:
Post a Comment