Build A Website that Sells Part 3 – Show Me the Money!

Here comes the juicy part… How do you make money from your website?

Did you know that there are more than one revenue models you can use for just one website? You can make money by:

1) Creating your own products to sell
2) Selling other people’s products
3) Selling advertisements

1) Creating your own products to sell

a) Create an Information product

If you have a passion and knowledge about a subject, why not write an e-book or create a membership site? You probably know things that other people don’t, things that people are willing to pay to know. It can be anything related to your occupation e.g. If you work as a corporate tax consultant, think of the tax loopholes that people are dying to know. It could be something related to your hobby or life e.g. single parent, best place to get cheap and good quality electronics, gambling systems, trading systems etc. The possibilities are endless!

Click here to learn how to Make Your Knowledge Sell!

b) Sell your offline business’ products or service

If you already have an exisiting business offline, GREAT! That means you already have a product or service. More and more people are throwing away their bulky yellow pages to search for services online. No matter it’s plumbing or business consultation, people are now searching online for these services. I highly recommend you to read this free guide entitled “How Can the World Wide Web Help My Local Business Which Has Local Clients??”.

2) Selling other people’s products

a) Affiliate programs

Affiliate programs offer the best opportunities to start an online business, you can simply place a link on your website and be up and running in no time at all. You don’t need to stock up products or handle administrative tasks like accepting credit cards or logistics like shipping, etc because the products are not yours. You promote other people’s products and earn a commission for every sale you make. Read the article “Online Business for Everyone” for more details about affiliate programs.

Please note that affiliate programs that are related to your site’s theme sell better than those which do not. (e.g. if your website is about gardening, then sell things that are related to gardening). Here are some resources to find affiliate programs:

i) Associate Programs Directory
The directory lists thousands of affiliate programs for you to choose from so there’s no need to worry about not being able to find the right affiliate program for your website.

ii) The Affiliate Masters Course
This Masters Course stands alone as a fantastic educational resource. It truly provides everything the novice affiliate requires to earn real income on the Net. It’s FREE too!

b) Resell rights

Resell rights let you sell a product and keep all of the profits to yourself. You can purchase resell rights to e-books written by other people and sell it at your own price. Usually you’ll need your own merchant account to accept credit card payments.

c) Drop shipping

With a Drop Shipper you receive the money from your customer and inform the shipper to send them the product. You then pay the shipper their price. E.g. you can buy an iPod for $150 but sell it for $200. You make $50 per sale and you never have to fuss with the logistics side. A lot of eBay sellers and online shopping malls use this method heavily.

3) Selling Advertisements

a) Pay per click advertising

This means you are getting paid for every click of the advertisement on your website. If you look around this website, you’ll find “ads by goooooooogle”. These are Google’s Adsense and I get paid if you click on any of them.

Sign up with Google Adsense, it’s free!

Other pay-per-click resources:
IntelliTxt
Chitika
AdBrite
Clicksor
Yahoo! Publisher Network

3) Renting out advertising space

This works better if your site has high traffic and a lot of content pages. You can charge the advertisers based on your own rates whether it’s daily/weekly/monthly.

“Which money making method should I use?”

Personally, I prefer affiliate programs and advertising. However, revenue is shared and it’s not 100% profits. If you can create your own product, then go for that. There is no rule saying you can only use one or two method… you can use ALL of it or focus on one on your site, whichever you prefer.

Lastly… Money making myths

Myth 1: Advertisement revenue and affiliate revenue is dead. So not true.

Myth 2: Only huge sites with trillions of page views can make money. Yeah Right!

Myth 3: It’s dead easy. Just put a page and the cash will come!

A lot of scam sites tell you about that pot of gold at the end of the rainbow. The famous Irish lore is based on a bit of trickery, the rainbow will never end because it is a full circle! If it is too good to be true, most of the time… it is! You have to be skeptical and smart, if you find something that you think is great, do some research on forums or Google Groups and make sure you are reading a real customer testimonial instead of an affiliate’s sales pitch :).

Recommended Gurus to Building Successful Online Businesses

If you need some down-to-earth advise from real internet marketing experts, visit Ken Evoy

Ken has been in this industry for a long time, they give down-to-earth advise which withstands the adversities faced by most affiliates for not playing by the search engine’s rules. I highly recommend their products if you are seriously committed in building an online business.

Be Sociable, Share!