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Thursday, February 23, 2012
Sunday, February 12, 2012
How Much Money Makes You Happy? Scientists Pinpoint Amount
How Much Money Makes You Happy? Scientists Pinpoint Amount
The Huffington Post Tara Kelly
After analyzing 450,000 responses from the Gallup-Healthways Well-Being Index (GHWBI), a daily well-being survey that queries 1,000 respondents, two scientists from Princeton University say happiness is based on life evaluation and well-being, reports GALLUP Management Journal.
According to Mogulite, the findings show that those with a total household income of less than $75,000 overall had lower levels of emotional well-being and satisfaction with their state of life. However, those who made more than that amount didn't see a significant increase in their happiness.
Of course, there remain a couple of exceptions to this finding. If you give your money away or you find that wealth upgrades your social status, it can make you happy beyond the $75,000 mark.
So, next time you hear the phrase "money can't buy you happiness," remember, it actually can. But only to a certain point.
According to Mogulite, the findings show that those with a total household income of less than $75,000 overall had lower levels of emotional well-being and satisfaction with their state of life. However, those who made more than that amount didn't see a significant increase in their happiness.
Of course, there remain a couple of exceptions to this finding. If you give your money away or you find that wealth upgrades your social status, it can make you happy beyond the $75,000 mark.
So, next time you hear the phrase "money can't buy you happiness," remember, it actually can. But only to a certain point.
Saturday, February 11, 2012
Top 10 cach kiem tien
My Top 10 Methods To Make Money Online
The following article details my personal top 10 methods to make money from the Internet.
What makes this list unique is it’s based entirely on the methods I have personally used, so I can reveal to you what I did and what my results were. Bear in mind these methods represent ten years of working online, so I do not do all of them presently. At one point in my career however they were an income stream, and are still viable options for you.
This is not an all inclusive list, which means there are plenty of other ways you can make money, no doubt many of which are potentially much more profitable or better choices for your own situation. As a result you shouldn’t base your decisions on what methods you use solely on this list. Do your research and include this article as one resource.
This list isn’t strictly ordered based on my preferences from top to bottom. What I’ve done is listed the different things I did in a chronology of time of when I did them. It’s no coincidence however that as we get closer to the present (the end of the list), the more I personally like the method, and hence still use it. Over the years I made changes to how I made money in order to get closer to what I really wanted from my business.
In a nutshell, this is the criteria I concluded are important to me -
Can you make a solid profit margin?
As you will see in a moment when I reveal my top ten methods, some income streams have very slim margins, which means you must push through a lot of volume in order to make significant income. While not always the case, in most situations to sell more requires more work, more resources and generally more of everything, which results in violation of my next rule…
Can you maintain the income with minimal labour and/or is it easy to outsource?
I look for income streams that do not require significant amounts of work to maintain. If I need to drastically increase the amount of product I sell or customers I attract to make good money, and that requires more of my own time to achieve, or cannot be easily outsourced to others (it often increases your labor just to organize outsourcers, so don’t assume outsourcing is a magic solution), that’s not the method for me.
Is there potential to scale?
As per the previous point, often the logistics of growth makes a method unappealing to me, however I do want the income streams I go after to have the potential to scale, and scale big. This means if you do discover something that makes you money, the possibility to grow it to a life changing amount of money is a reality, and you understand how this can happen.
Is there passive income potential?
In most cases I prefer something that is more potentially passive than potentially scalable. Obviously it’s great to have everything, but given the choice I prefer income streams that just work and can be automated so you can do other things. You have to be careful to manage your desire to scale something with your desire to make it passive. Sometimes less is more because less gives you freedom.
Can you create a sellable asset?
The final point is really important to me because I know that my interest tends to fluctuate. Every five years or so I feel like moving on to something new and leaving my main project. In the case of business, I want to ensure that there is a profitable exit strategy. The better you meet the previous criteria (profit margin, automated, scaleable and passive), the more money you can make when it is time to sell.
In Brisbane where I live, before the Internet there was a newspaper called the Trading Post that was published every two weeks. It was an aftermarket for pretty much everything. Whenever I grew tired of a game or a toy I’d sell it via the Trading Post, usually in an effort to make enough money to buy the new toy or game I had in my sights.
Eventually the Internet came along and the Trading Post no longer commanded the secondhand market like it once did (though it did successfully transition online). It quickly became clear that eBay was the winner when it came to secondhand commerce online. As a result my first experience making any money from the Internet was selling old games, toys and electronics on eBay.
EBay is still I believe the best way to gain experience making money from the Internet for two reasons -
The best thing about eBay – the abundant traffic – is also the worst thing. Barriers to entry are low on eBay, meaning competition is fierce. When competition is fierce, profit margin is slim. Unless you can find some form of competitive advantage through your supply chain, how you create listings, or you have a means to increase volume, you’re not going retire rich thanks to eBay.
I spent quite a bit of time studying eBay, both as a business model and as a means to capture new customers because of how much buying traffic is there. There is no doubt that eBay is a fantastic website that represents a huge potential to make money, but in my case I wasn’t keen to build my business there, it didn’t match enough of my criteria.
However eBay is a fantastic way to make quick money, even just as a way to turn your old items into cash to start a new online venture. If you’re brand new to Internet marketing and you don’t know your PayPal’s from your Clickbanks, or your PPC from your SEO, eBay is definitely a great place to learn some basics.
Before having my own website, I spent time reading websites, newsgroups, bulletin boards and forums about the game, and eventually started trading online. Back before search engines were any good most of my time was spent in particular Magic newsgroups, some that talked strategy, and some that were focused specifically on trading and/or buying and selling cards.
I managed to make spare change selling my cards through these sites. The main reason I could make any money was because I would win cards in tournaments, hence I had a supply source that would result in a good profit margin. Of course this wasn’t sustainable unless I kept placing well in tournaments, nor was it really scalable unless I started buying in cards from other sources.
I stopped using this method once I started my own card game site (more on this below), however I still believe niche collectables, particularly in a market that you really love, is a fantastic starting point to gain experience making money online. Like eBay you can make money selling secondhand items in community sites if you can find a way to source product at cost or below. It’s not a model that has much margin so again the challenge is to scale if you want to make significant profit.
Since I was already a card trader it made sense that my Magic site have a Magic card store. At first I stocked the website with my own cards, and eventually added retail “sealed” (unopened packs of cards) by buying product at wholesale from a company in Sydney.
It was a very simple card shop made up of text listings of the cards I had for sale, the quantity available and the cost per card or per pack. I maintained the inventory myself from my room, sorting and listing cards online by hand using plain text. I didn’t use any software and most of the payments I received back then was via check or money order in the mail. Some kids would even send money and even coins (!) in the mail to pay for their purchase.
My business did well enough, although the manual labor was intense. Maintaining inventory lists, packing cards into envelopes and daily trips to the post office was not always the most fun way to spend my time, though I did enjoy having my own little business while in university.
Unfortunately my store was hit by credit card fraud when I foolishly sold a significant amount of product to an unknown person in Thailand. This experience was enough for me to decide that I had had enough of running a Magic shop and it was time to move on. You can read about the credit card fraud experience here – Yaro Starak Timeline – Part 2
You can sell product from your own website store, via community sites and classifieds (like Craigslist) and of course eBay and collectively make good money. The challenge, like with any business, is defining what is your competitive advantage and can you come up with a model that meets your needs. For me selling physical product was a great proving ground, but I eventually learned that profiting from information was a preferable model if I wanted to meet my aforementioned business goals.
I’ll leave it in your hands to decide whether physical commerce is the way to go for your situation.
Thus began my love affair with banner advertising.
Although challenging at times to find sponsors, I was quickly able to bring in several hundred dollars per month in advertising revenue by directly approaching online companies who I considered good targets for my readership. I emailed them and asked if they would like to pay a monthly fee to place a banner on my site. Most said no, but some said yes and eventually I had a couple of loyal sponsors.
Banner income would prove very reliable over time as long as I continued to do whatever I did to maintain and build a readership. This has continued today, where several sponsors pay a fee to advertise their products and services to you, the reader of this website.
Banner advertising, when set up using a system like I presently use, can be very hands off – in fact for me it’s entirely passive – assuming there is an audience that the sponsors benefit from advertising to. It’s difficult to make loads and loads of money just from banners unless you have significant traffic, but it is easy enough to make some money from it and once you do, it generally proves very reliable unless you stop updating your website.
I’d recommend this method to you if you have some kind of content based site or a community site that attracts enough traffic to make it worthwhile for sponsors. The best thing about banners is that they don’t have to replace any other income method you use, you can use this income stream in tandem with others.
The grant ran for 12 months and I was under the assumption (incorrectly) that I had to show consistent income growth in order to maintain my qualification for the program. My income at the time always suffered a downturn around Christmas/Summer in Australia. To combat this problem I decided to teach English face-to-face with people in Brisbane to hopefully boost my reportable income.
To advertise my tutoring service I marketed using posters offline and eventually set up a website and marketed on classified sites as well. I charged $15 an hour and eventually had a few Korean clients. This idea eventually ballooned into a full on English school with a real world premises that I managed for eight months before closing down. It turned out to be an experiment that taught me I much preferred online business to bricks and mortar.
My English tutoring days were short lived, but that doesn’t mean selling some kind of service that you personally deliver isn’t still a viable option. The Internet is a fantastic place to market your services for free. Similar to what I talked about in the first three points, you can use online community sites, classified, forums and your own website to market your service.
The downside with this model is that you are still trading hours for dollars, which is a violation of my holy trinity concept. It’s not necessarily the worst option – and many people enjoy the life of a high-paid consultant very much – but it does have the inherent limitation that a service is not replicable unless you personally do it yourself or hire people to do it for you, both activities that take time and/or resources.
If you are good at something and enjoy helping/teaching/working on other people’s projects, selling what you do online is worth considering.
The business began in very simple fashion. I created the website personally myself and advertised two services – English proofreading and language translation services. I knew how to find contract proofreaders and also had access to an online database of language translators. When a job came through I’d organize a quote, slap on a margin for myself and then return the quote to the client.
Over the years I heavily refined this business. I brought on an assistant, simplified the services, cemented a pricing model and learned what methods of marketing brought in the best type of client. The end result was a full time income for me and barely a few hours of work to maintain it.
This was the first time I found a business that met all my major criteria – except one – I really wasn’t that passionate about the industry. Initially I enjoyed being the entrepreneur, the thrill of making money and automating the business as much as I could, but after a few years my passion wained. I eventually sold the business, earning a nice payday in the process, making this one of my most personally gratifying projects.
Selling a service is a real option for making money online. The challenge is sourcing good people to do the work, learning what specific offer to make to the market, how to differentiate yourself so you earn good margins, how to market what you offer and how to automate the entire process so it becomes a passive income stream.
Initially I didn’t mind writing paid reviews as the income was pretty good in terms of how long it would take and how much I earned. I could make as much as $250 an hour, which was great at first, but as my motivation focused more on freedom and less on money, even this became a poor incentive. Plus I never did like that I was told what to write about rather than choosing subjects I enjoyed.
The challenge for you, if this method is relevant to your growth stage, is to create a website where you can command a price for paid reviews that makes it worth your time. Until your traffic is significant, charging more than $50 for a review is not realistic, so you need to build your website asset first.
Affiliate income has gone on to become my second highest source of income in recent years, thanks in part to the increase in my audience reach. By combining my blog and email newsletter I can reach thousands of people with just one piece of content. By testing different products and recommending things I personally use myself, I’ve been able to earn as much as $50,000 in commissions selling just one product.
Affiliate marketing is possibly the single best way to make a living online because it is so hands off, can be automated easily enough and can deliver some incredible profit margins. It’s especially good when you can use affiliate marketing to recommend things in areas you are personally interested in – for example you can make money simply writing a review of a book you really wanted to read anyway and you get paid for doing what you love.
The challenge for you is figuring out what market(s) to enter, building an audience and maintaining relationships with your readers so they trust what you tell them. If you know something that other people want to know and you are prepared to share that information, you could be looking at a fairly lucrative affiliate opportunity.
The profit margins on information products is significant, especially as you can earn money for content you created years ago. Technology makes selling information online relatively easy to automate, once you get through the learning curve. If you focus on areas you are passionate about you can build expertise and leverage that trust and credibility to make sales of your products. Best of all, all of this can happen while you sleep, once you have built the machine to do it for you.
I personally enjoy teaching, so creating my products like Blog Mastermind though hard work, was an enjoyable process. Once the course was created I continued to sell it year after year to people new to the industry who want to learn how to make money with blogs.
Like with affiliate marketing, your potential to succeed selling information products rests on your ability to identify market needs, tap into audiences looking for this information and then give them what they want. There are plenty of subtleties and things to learn about, but thankfully there is plenty of guidance out there too. Digging into the archives of this blog you are reading now and downloading my free reports – The Blog Profits Blueprint and Membership Site Masterplan are fantastic starting points if you want more help.
Private coaching, like consulting, is another situation where you trade time for dollars, but in terms of your hourly pay rate it is hard to find a higher paying “job”. Of course you don’t have to start off charging thousands of dollars. Depending on your expertise and what kind of outcome you help people achieve, will determine how much you can charge. Offering coaching for $100 per session is not out of reach for most people, and that’s not a bad starting rate if you are looking to build up your experience through helping others closely.
Again the Internet is by far the easiest and most affordable tool to attract coaching clients. In many cases you can add private coaching to many of the other methods I listed above, including selling info products you create, affiliate products, sponsorship banners and physical products.
I recommend you follow a similar path to build your own business. Figure out what you like using the options above and other resources online, begin testing to see what works and learn more about what you enjoy, and keep at it until you find what “floats your boat” and is incredibly profitable too.
Good luck!
Yaro Starak
Internet Entrepreneur
What makes this list unique is it’s based entirely on the methods I have personally used, so I can reveal to you what I did and what my results were. Bear in mind these methods represent ten years of working online, so I do not do all of them presently. At one point in my career however they were an income stream, and are still viable options for you.
This is not an all inclusive list, which means there are plenty of other ways you can make money, no doubt many of which are potentially much more profitable or better choices for your own situation. As a result you shouldn’t base your decisions on what methods you use solely on this list. Do your research and include this article as one resource.
This list isn’t strictly ordered based on my preferences from top to bottom. What I’ve done is listed the different things I did in a chronology of time of when I did them. It’s no coincidence however that as we get closer to the present (the end of the list), the more I personally like the method, and hence still use it. Over the years I made changes to how I made money in order to get closer to what I really wanted from my business.
What Is My Ideal Way To Make Money Online?
To help you understand what I was striving for, here are my main criteria when deciding what methods I use to make money online with. Bear in mind certain options only became available as a result of previous experience. Some things you can only do once you’ve done other things because you build on what you have done before.In a nutshell, this is the criteria I concluded are important to me -
Can you make a solid profit margin?
As you will see in a moment when I reveal my top ten methods, some income streams have very slim margins, which means you must push through a lot of volume in order to make significant income. While not always the case, in most situations to sell more requires more work, more resources and generally more of everything, which results in violation of my next rule…
Can you maintain the income with minimal labour and/or is it easy to outsource?
I look for income streams that do not require significant amounts of work to maintain. If I need to drastically increase the amount of product I sell or customers I attract to make good money, and that requires more of my own time to achieve, or cannot be easily outsourced to others (it often increases your labor just to organize outsourcers, so don’t assume outsourcing is a magic solution), that’s not the method for me.
Is there potential to scale?
As per the previous point, often the logistics of growth makes a method unappealing to me, however I do want the income streams I go after to have the potential to scale, and scale big. This means if you do discover something that makes you money, the possibility to grow it to a life changing amount of money is a reality, and you understand how this can happen.
Is there passive income potential?
In most cases I prefer something that is more potentially passive than potentially scalable. Obviously it’s great to have everything, but given the choice I prefer income streams that just work and can be automated so you can do other things. You have to be careful to manage your desire to scale something with your desire to make it passive. Sometimes less is more because less gives you freedom.
Can you create a sellable asset?
The final point is really important to me because I know that my interest tends to fluctuate. Every five years or so I feel like moving on to something new and leaving my main project. In the case of business, I want to ensure that there is a profitable exit strategy. The better you meet the previous criteria (profit margin, automated, scaleable and passive), the more money you can make when it is time to sell.
I Look For The “Holy Trinity” Income Method
I’ve written before about my quest for the holy trinity of a business model, one that delivers what I consider the three most important outcomes from a business –- You make significant PROFIT
- The income can be made as close to PASSIVE as possible
- You have PASSION about some aspect of the business
- Consistent Income
- Free Time (thanks to income automation, business model simplicity or large capital gain)
- Meaning and Purpose (development of your passion and reason for being on this planet)
My Top 10 Ways To Make Money Online
1. Sell On Ebay
During my pre-teen and early teenage years I went from playing with Transformers, GI-Joe and LEGO, to playing Nintendo, Sega and Gameboy. Eventually I added the card game Magic: The Gathering to the mix at about 16 years of age. All of these things were passions for me at various stages of growing up, but one thing remained consistent throughout each stage; I traded and sold toys and games I no longer wanted to make extra cash.In Brisbane where I live, before the Internet there was a newspaper called the Trading Post that was published every two weeks. It was an aftermarket for pretty much everything. Whenever I grew tired of a game or a toy I’d sell it via the Trading Post, usually in an effort to make enough money to buy the new toy or game I had in my sights.
Eventually the Internet came along and the Trading Post no longer commanded the secondhand market like it once did (though it did successfully transition online). It quickly became clear that eBay was the winner when it came to secondhand commerce online. As a result my first experience making any money from the Internet was selling old games, toys and electronics on eBay.
EBay is still I believe the best way to gain experience making money from the Internet for two reasons -
- You are pretty much guaranteed to make some kind of sale and thus experience a transaction
- EBay has the traffic, so you don’t have to worry about marketing your product beyond creating a good listing, the eye-balls are already there
The best thing about eBay – the abundant traffic – is also the worst thing. Barriers to entry are low on eBay, meaning competition is fierce. When competition is fierce, profit margin is slim. Unless you can find some form of competitive advantage through your supply chain, how you create listings, or you have a means to increase volume, you’re not going retire rich thanks to eBay.
I spent quite a bit of time studying eBay, both as a business model and as a means to capture new customers because of how much buying traffic is there. There is no doubt that eBay is a fantastic website that represents a huge potential to make money, but in my case I wasn’t keen to build my business there, it didn’t match enough of my criteria.
However eBay is a fantastic way to make quick money, even just as a way to turn your old items into cash to start a new online venture. If you’re brand new to Internet marketing and you don’t know your PayPal’s from your Clickbanks, or your PPC from your SEO, eBay is definitely a great place to learn some basics.
2. Sell products in forums, bulletin boards, classifieds and other community type sites
The card game Magic: The Gathering was a big part of my life from the end of highschool to the beginning of university. Although initially I was just a casual player and then tournament player, I quickly became a card trader and really enjoyed the wheeling and dealing. Although my interest in playing the game wained, most of my early projects online were connected with the game.Before having my own website, I spent time reading websites, newsgroups, bulletin boards and forums about the game, and eventually started trading online. Back before search engines were any good most of my time was spent in particular Magic newsgroups, some that talked strategy, and some that were focused specifically on trading and/or buying and selling cards.
I managed to make spare change selling my cards through these sites. The main reason I could make any money was because I would win cards in tournaments, hence I had a supply source that would result in a good profit margin. Of course this wasn’t sustainable unless I kept placing well in tournaments, nor was it really scalable unless I started buying in cards from other sources.
I stopped using this method once I started my own card game site (more on this below), however I still believe niche collectables, particularly in a market that you really love, is a fantastic starting point to gain experience making money online. Like eBay you can make money selling secondhand items in community sites if you can find a way to source product at cost or below. It’s not a model that has much margin so again the challenge is to scale if you want to make significant profit.
3. Sell products from your own website
My first successful website was about the card game Magic: The Gathering. At first the site was just a hobby with articles written by me and a few friends. Eventually as traffic grew I began making some money with the site.Since I was already a card trader it made sense that my Magic site have a Magic card store. At first I stocked the website with my own cards, and eventually added retail “sealed” (unopened packs of cards) by buying product at wholesale from a company in Sydney.
It was a very simple card shop made up of text listings of the cards I had for sale, the quantity available and the cost per card or per pack. I maintained the inventory myself from my room, sorting and listing cards online by hand using plain text. I didn’t use any software and most of the payments I received back then was via check or money order in the mail. Some kids would even send money and even coins (!) in the mail to pay for their purchase.
My business did well enough, although the manual labor was intense. Maintaining inventory lists, packing cards into envelopes and daily trips to the post office was not always the most fun way to spend my time, though I did enjoy having my own little business while in university.
Unfortunately my store was hit by credit card fraud when I foolishly sold a significant amount of product to an unknown person in Thailand. This experience was enough for me to decide that I had had enough of running a Magic shop and it was time to move on. You can read about the credit card fraud experience here – Yaro Starak Timeline – Part 2
Selling Products Online Is A Big Opportunity
My first three experiences of making money from the Internet all involve some kind of physical product. Online commerce obviously represents a huge opportunity to make money online, and having your own product or a passion for a product that you can source can lead to big profits.You can sell product from your own website store, via community sites and classifieds (like Craigslist) and of course eBay and collectively make good money. The challenge, like with any business, is defining what is your competitive advantage and can you come up with a model that meets your needs. For me selling physical product was a great proving ground, but I eventually learned that profiting from information was a preferable model if I wanted to meet my aforementioned business goals.
I’ll leave it in your hands to decide whether physical commerce is the way to go for your situation.
4. Sponsorship advertising on a content site
Once my card game site was successful I began researching how to make money from it. I sold cards initially because I already knew there was a market for that and I had the cards, but I was also aware that if I had an audience I could charge sponsors money to advertise to them.Thus began my love affair with banner advertising.
Although challenging at times to find sponsors, I was quickly able to bring in several hundred dollars per month in advertising revenue by directly approaching online companies who I considered good targets for my readership. I emailed them and asked if they would like to pay a monthly fee to place a banner on my site. Most said no, but some said yes and eventually I had a couple of loyal sponsors.
Banner income would prove very reliable over time as long as I continued to do whatever I did to maintain and build a readership. This has continued today, where several sponsors pay a fee to advertise their products and services to you, the reader of this website.
Banner advertising, when set up using a system like I presently use, can be very hands off – in fact for me it’s entirely passive – assuming there is an audience that the sponsors benefit from advertising to. It’s difficult to make loads and loads of money just from banners unless you have significant traffic, but it is easy enough to make some money from it and once you do, it generally proves very reliable unless you stop updating your website.
I’d recommend this method to you if you have some kind of content based site or a community site that attracts enough traffic to make it worthwhile for sponsors. The best thing about banners is that they don’t have to replace any other income method you use, you can use this income stream in tandem with others.
5. Sell services you provide personally
At one stage early in my career when my online income wasn’t consistent, I was part of a business grant program run by the Australian government designed to assist entrepreneurs with money to pay for life’s necessities so you can focus on growing your business. The idea is that when your business is successful you will eventually hire people and pay taxes, thus the government reaps a return on the investment.The grant ran for 12 months and I was under the assumption (incorrectly) that I had to show consistent income growth in order to maintain my qualification for the program. My income at the time always suffered a downturn around Christmas/Summer in Australia. To combat this problem I decided to teach English face-to-face with people in Brisbane to hopefully boost my reportable income.
To advertise my tutoring service I marketed using posters offline and eventually set up a website and marketed on classified sites as well. I charged $15 an hour and eventually had a few Korean clients. This idea eventually ballooned into a full on English school with a real world premises that I managed for eight months before closing down. It turned out to be an experiment that taught me I much preferred online business to bricks and mortar.
My English tutoring days were short lived, but that doesn’t mean selling some kind of service that you personally deliver isn’t still a viable option. The Internet is a fantastic place to market your services for free. Similar to what I talked about in the first three points, you can use online community sites, classified, forums and your own website to market your service.
The downside with this model is that you are still trading hours for dollars, which is a violation of my holy trinity concept. It’s not necessarily the worst option – and many people enjoy the life of a high-paid consultant very much – but it does have the inherent limitation that a service is not replicable unless you personally do it yourself or hire people to do it for you, both activities that take time and/or resources.
If you are good at something and enjoy helping/teaching/working on other people’s projects, selling what you do online is worth considering.
6. Sell services provided by other people
My next big success after my card game site was an online proofreading business. For this business I wanted to focus on selling something that did not require either my own labor or sourcing some kind of physical product.The business began in very simple fashion. I created the website personally myself and advertised two services – English proofreading and language translation services. I knew how to find contract proofreaders and also had access to an online database of language translators. When a job came through I’d organize a quote, slap on a margin for myself and then return the quote to the client.
Over the years I heavily refined this business. I brought on an assistant, simplified the services, cemented a pricing model and learned what methods of marketing brought in the best type of client. The end result was a full time income for me and barely a few hours of work to maintain it.
This was the first time I found a business that met all my major criteria – except one – I really wasn’t that passionate about the industry. Initially I enjoyed being the entrepreneur, the thrill of making money and automating the business as much as I could, but after a few years my passion wained. I eventually sold the business, earning a nice payday in the process, making this one of my most personally gratifying projects.
Selling a service is a real option for making money online. The challenge is sourcing good people to do the work, learning what specific offer to make to the market, how to differentiate yourself so you earn good margins, how to market what you offer and how to automate the entire process so it becomes a passive income stream.
7. Paid reviews
For a brief period on my blog I invited people to submit their product, service or website for a paid review. This means they pay a fee (for my site it was $250) and I would write an article about whatever they submitted. I would not accept just anything for review, I had to see an angle that made for relevant content for my audience. Nor was a paid review a promise that I would write positively about the subject – I would highlight both good and bad points.Initially I didn’t mind writing paid reviews as the income was pretty good in terms of how long it would take and how much I earned. I could make as much as $250 an hour, which was great at first, but as my motivation focused more on freedom and less on money, even this became a poor incentive. Plus I never did like that I was told what to write about rather than choosing subjects I enjoyed.
The challenge for you, if this method is relevant to your growth stage, is to create a website where you can command a price for paid reviews that makes it worth your time. Until your traffic is significant, charging more than $50 for a review is not realistic, so you need to build your website asset first.
8. Affiliate marketing
As my blog audience grew I began to test a method of making money I was very interested in – affiliate marketing. My first test proved positive, though initially I was disappointed that of my readership of 500 or so people (at the time), I could only sell one or two products, making $20 commission each. It wasn’t retirement money, but it was a start.Affiliate income has gone on to become my second highest source of income in recent years, thanks in part to the increase in my audience reach. By combining my blog and email newsletter I can reach thousands of people with just one piece of content. By testing different products and recommending things I personally use myself, I’ve been able to earn as much as $50,000 in commissions selling just one product.
Affiliate marketing is possibly the single best way to make a living online because it is so hands off, can be automated easily enough and can deliver some incredible profit margins. It’s especially good when you can use affiliate marketing to recommend things in areas you are personally interested in – for example you can make money simply writing a review of a book you really wanted to read anyway and you get paid for doing what you love.
The challenge for you is figuring out what market(s) to enter, building an audience and maintaining relationships with your readers so they trust what you tell them. If you know something that other people want to know and you are prepared to share that information, you could be looking at a fairly lucrative affiliate opportunity.
9. Sell your own information products
The single most profitable income stream I have ever developed is selling my own information products. If you are a long time follower of my work you know I have created courses on how to make money with blogs and membership sites. I also have several reports, an ebook and new products on the way.The profit margins on information products is significant, especially as you can earn money for content you created years ago. Technology makes selling information online relatively easy to automate, once you get through the learning curve. If you focus on areas you are passionate about you can build expertise and leverage that trust and credibility to make sales of your products. Best of all, all of this can happen while you sleep, once you have built the machine to do it for you.
I personally enjoy teaching, so creating my products like Blog Mastermind though hard work, was an enjoyable process. Once the course was created I continued to sell it year after year to people new to the industry who want to learn how to make money with blogs.
Like with affiliate marketing, your potential to succeed selling information products rests on your ability to identify market needs, tap into audiences looking for this information and then give them what they want. There are plenty of subtleties and things to learn about, but thankfully there is plenty of guidance out there too. Digging into the archives of this blog you are reading now and downloading my free reports – The Blog Profits Blueprint and Membership Site Masterplan are fantastic starting points if you want more help.
10. High end private coaching
I’ll end this article with something I only recently did – offer high end coaching to a select group of clients who had to apply to work with me. My program cost between $5,000 and $10,000 and I turned away more people than I accepted. This was deliberate as I knew working one-on-one with people is not something I can do with many people or I will use up all my time. However I was keen to help certain people who were in the right position so I could learn more about the challenges they face.Private coaching, like consulting, is another situation where you trade time for dollars, but in terms of your hourly pay rate it is hard to find a higher paying “job”. Of course you don’t have to start off charging thousands of dollars. Depending on your expertise and what kind of outcome you help people achieve, will determine how much you can charge. Offering coaching for $100 per session is not out of reach for most people, and that’s not a bad starting rate if you are looking to build up your experience through helping others closely.
Again the Internet is by far the easiest and most affordable tool to attract coaching clients. In many cases you can add private coaching to many of the other methods I listed above, including selling info products you create, affiliate products, sponsorship banners and physical products.
Combine What Works For You
In my case progressing through these various methods, figuring out what I actually want from a business and then combining different methods to maximize my income and personal satisfaction has worked the best.I recommend you follow a similar path to build your own business. Figure out what you like using the options above and other resources online, begin testing to see what works and learn more about what you enjoy, and keep at it until you find what “floats your boat” and is incredibly profitable too.
Good luck!
Yaro Starak
Internet Entrepreneur
Friday, February 10, 2012
Cach lam account kiem tien online bang tieng Viet
Minh se huong dan cac ban cach lam account kiem tien online bang tieng viet sau. minh dang viet.
Cam on cac ban da tham vieng blogs cua minh nha.
Hien gio blogs cua minh khong co quang cao nua, coi nhu la web minh se chay nhanh hon mot chut. vay cung ngon. hihihi
cac ban thich xem cai gi, hoac muon biet thong tin gi, thi vui long post o comment, roi minh se tim thong tin dum cac ban, roi minh se post len cho cac ban xem. den blog minh xem, cac ban khong can chay long vong nua. minh hy vong la vay. blog nay ko kiem ra duoc tien nua, nhung lam noi giao luu voi ban be cung good.
thanks....
Cam on cac ban da tham vieng blogs cua minh nha.
Hien gio blogs cua minh khong co quang cao nua, coi nhu la web minh se chay nhanh hon mot chut. vay cung ngon. hihihi
cac ban thich xem cai gi, hoac muon biet thong tin gi, thi vui long post o comment, roi minh se tim thong tin dum cac ban, roi minh se post len cho cac ban xem. den blog minh xem, cac ban khong can chay long vong nua. minh hy vong la vay. blog nay ko kiem ra duoc tien nua, nhung lam noi giao luu voi ban be cung good.
thanks....
Tuesday, February 7, 2012
Cach Thuc Xem Blog
Chao moi nguoi,
Minh viet cai nay de chi moi nguoi cach di vong vong trong cai blog nha. That su cua minh co 9 cai blogs, va no link voi nhau di vong vong. Nhung co nhieu ban la viet nam va khong hieu tieng Anh, va cung co mot so nguoi trong gia dinh khong hieu cai blog la cai gi va cach thuc di vong vong trong blog nhu the nao. Nen de minh viet chi cach su dung blog. Hic, nhung ma bay gio viet tieng Viet khong co dau nhu the nay, khong biet viet ra co ai hieu nua hay khong? thoi ke, toi dau hay toi do nha.
Truoc het, muon di vong vong trong blog, cac ban phai co account Google. cac ban tao mot account ben website google: https://www.google.com/. khi vo xem blog, thi log in account vao, thi di vong vong khong bi vang ra ngoai.
Khi nhan vo blog de xem. va muon xem tiep cai khac, thi nhin xuong goc duoi tay phai. Thay co may bai viet truoc, thi nhan vo may bai viet do. Thi se xem duoc bai viet, nhung van nam trong cai blog hien tai thoi, chua co di ra cai blog khac. nhieu bai viet, khi click vo roi, no hien ra, nhung chi co vai dong thoi, thi minh click vo cai dong Tua De cua cai bai do, no se bung ra them, va xem duoc het. cai nay minh cung ko biet tai sao no lai bi nhu vay, chac la kieu design cua blog thoi.
Mot cach thuc khac de ma di vong vong trong blog la keo xuong cuoi cung cua cai trang blog. nhin thay chu: "Home", "Older Post", va " newer post". Nhan vo "older post" de xem may trang truoc kia post lau roi.
Muon tiep tuc xem cac cai blog con lai cua minh, thi cac ban nhin xuong goc duoi, ben tay phai, nhin thay cai HINH cua minh, va co cai chu ke ben: Pinocchio Gold Tree, thi cac ban nhan vo cai chu do. se chuyen cac ban di cai trang chinh. no hien ra nhu vay ne:
Minh viet cai nay de chi moi nguoi cach di vong vong trong cai blog nha. That su cua minh co 9 cai blogs, va no link voi nhau di vong vong. Nhung co nhieu ban la viet nam va khong hieu tieng Anh, va cung co mot so nguoi trong gia dinh khong hieu cai blog la cai gi va cach thuc di vong vong trong blog nhu the nao. Nen de minh viet chi cach su dung blog. Hic, nhung ma bay gio viet tieng Viet khong co dau nhu the nay, khong biet viet ra co ai hieu nua hay khong? thoi ke, toi dau hay toi do nha.
Truoc het, muon di vong vong trong blog, cac ban phai co account Google. cac ban tao mot account ben website google: https://www.google.com/. khi vo xem blog, thi log in account vao, thi di vong vong khong bi vang ra ngoai.
Khi nhan vo blog de xem. va muon xem tiep cai khac, thi nhin xuong goc duoi tay phai. Thay co may bai viet truoc, thi nhan vo may bai viet do. Thi se xem duoc bai viet, nhung van nam trong cai blog hien tai thoi, chua co di ra cai blog khac. nhieu bai viet, khi click vo roi, no hien ra, nhung chi co vai dong thoi, thi minh click vo cai dong Tua De cua cai bai do, no se bung ra them, va xem duoc het. cai nay minh cung ko biet tai sao no lai bi nhu vay, chac la kieu design cua blog thoi.
Mot cach thuc khac de ma di vong vong trong blog la keo xuong cuoi cung cua cai trang blog. nhin thay chu: "Home", "Older Post", va " newer post". Nhan vo "older post" de xem may trang truoc kia post lau roi.
Muon tiep tuc xem cac cai blog con lai cua minh, thi cac ban nhin xuong goc duoi, ben tay phai, nhin thay cai HINH cua minh, va co cai chu ke ben: Pinocchio Gold Tree, thi cac ban nhan vo cai chu do. se chuyen cac ban di cai trang chinh. no hien ra nhu vay ne:
My blogs
- FORTUNE TELLER - GUESS YOUR FUTURE
- PINOCCHIO GOLD TREE
- UNBELIEVALBE VIDEO CLIP THAT YOU EVER SEEN
- FUNNY STORY
- Please dont read me. Blog is under construction.
- Please dont read me. Blog is under construction.
- How to cook all kinds of food Cach Lam Cac Mon An
- Please dont read me. Blog is under construction.
- HOT NEWS TODAY ON THE WORLD
- MY BLOG INCOME REPORT
- World Finance
- SUPER CARS VIDEO
- FASHION LIST
Tat ca may cai nay la blog cua minh het. nhan vo cai nao thi xem cua cai blog do.
Don gian vay thoi.
Mai mot minh post nhieu len, thi cac ban xem duoc nhieu hon.
Thanks nha.
Monday, February 6, 2012
HOW I MAKE MONEY ON THIS BLOG
Hi everyone who visit my blogs,
I want to say thanks for all of you guys, please come and enjoy my blog each time you have free time.
Now, I continue to show you how I can make money online. In past 2 days, I show you how to open account and how to register for Google Adsense Account and how to create the blog.
Actually I heard about how to make money online 5 years ago when I was studying in Ventura College. But at that time, I was a student, I had to study all day. No time to think about anything. I am collecting information and practicing how to make money online for 2 months. Many sites on internet telling that they show us how to make money online, but 99% of them keep the secret of how to make money online or they just tell us general how to make money online. They don't tell us steps to do it.
You can check the links to see how I show you steps to open accounts in last 2 days:
http://pinocchiogoldtree.blogspot.com/2012/02/how-to-make-money-online.html
http://pinocchiogoldtree.blogspot.com/2012/02/how-to-make-money-online-part-2.html
and the link to see how much I earned last month and last 7 days:
http://myblogincomereport.blogspot.com/
Thanks and hope you believe in what I show you and try your best to make money!
Hint: actually I did spend 16-20 hours per day to make the blog for 2 months. hihihi I am happy!!!!
I want to say thanks for all of you guys, please come and enjoy my blog each time you have free time.
Now, I continue to show you how I can make money online. In past 2 days, I show you how to open account and how to register for Google Adsense Account and how to create the blog.
Actually I heard about how to make money online 5 years ago when I was studying in Ventura College. But at that time, I was a student, I had to study all day. No time to think about anything. I am collecting information and practicing how to make money online for 2 months. Many sites on internet telling that they show us how to make money online, but 99% of them keep the secret of how to make money online or they just tell us general how to make money online. They don't tell us steps to do it.
You can check the links to see how I show you steps to open accounts in last 2 days:
http://pinocchiogoldtree.blogspot.com/2012/02/how-to-make-money-online.html
http://pinocchiogoldtree.blogspot.com/2012/02/how-to-make-money-online-part-2.html
and the link to see how much I earned last month and last 7 days:
http://myblogincomereport.blogspot.com/
Thanks and hope you believe in what I show you and try your best to make money!
Hint: actually I did spend 16-20 hours per day to make the blog for 2 months. hihihi I am happy!!!!
Sunday, February 5, 2012
HOW TO MAKE MONEY ONLINE PART 2
You have to create "A BLOG" and this blog will make money for you. (this is How to make money part 2)
Next step: on the search engine type the link to open an account to create your blog: http://googleblog.blogspot.com/
On the top right side corner you will see “create blog” “sign in”
Click on “Sign in” to create blog account.
You sign in by your Gmail + pass word of that Gmail.
On the display name: Type your Name Blog – The Name that you want to name your Blog.
Click check mark on Agree button, then click Next.
Then a new page appear with the link: http://www.blogger.com/home
On the top Left side is your Name Blog.
Below your Name Blog is “New Blog”, then Click on “New Blog”, to create your Blog.
A new page appear with tittle on top:
Blogs List › Create a new blog
Title: type the name of your blog – this name can be edited or changed in the setting blog.
Address: type the address name that you want your blog will be search fast in search engine or the name that is easy for everyone to remember your blog.
Then you chose any template that you want for your blog. Don’t be worried, everything you can change or edit latter. (Except the Address). Then click “Create” done. You have a blog.
On the same line with your blog name: click View blog to see how your blog look like. At the same line, you see the icon of pencil, click on it to write something to your blog that will attract as many people as good.
After you post 1 document, you click on “more option” which icon stay in the middle of “create a new post” and “view blog”, then at the lowest, chose “setting”. On the left hand side, click on “Earnings”.
That is it. Done! Now, you can make money on this blog.
Good luck!
Saturday, February 4, 2012
HOW TO MAKE MONEY ONLINE
Today, I show you the first step how to make money online. Please remember my blog to come back and see the next step how to make money online. Thanks. Please sign in and add me as your friend so that you can track what I will post next time.
Fisrt, You have to open an email account from https://www.google.com/ or you can use any any email that you have to register an adsense account with google. You can watch video how to open the adsense account with google. Through the adsense account, you can track how much money you earn per day, per week, per month. You can see how and when google pay you or you can see how many people views your works such as your video on youtube, your postings on your blog, google plus, twistter, or on facebook. Furthermore, you can track how many companies bid for advertising on your works and how much they pay for you each time the views click on the advertising through your pages. Remember that you should not encourage any one click on the advertising if they actually dont need to see it or if they actually need that service on the advertising. You will break the contract with google adsense if you abuse clicking on the advertising. In fact, each time you yourself clicking on the advertising, you will get money from the advertisings, but later in couple of hours or after nearly a day, Google will track your IP address and they will collect that amount of money to give it back to the company that paid you. You can test what I tell you right or wrong by open another account, then log in, then click on the advertising on your sites. After that, you log out, check your account google adsense, you will see that you get some money by those clicks. The amount of money will be subtract on your account google adsense later at the end of the day. Therefore, dont waste your time to do that.
Second, you have to open an accout with youtube: http://www.youtube.com/ to upload your video. Then In the video manager that you can found by clicking on the top right side of your youtube page, you can set monetize for each videos. Check again the page that show your video now, you will see the advertising on the page that your video showing.
That is the first step you can make money online. Each time anyone who view the video that you posted on youtube and click to the advertising, you will share the money from the advertising with google. you can earn about 79% to 85% of the money paying from advertising. Google will get 15% to 21% from that share.
Thanks for your view. Please add me as your friend and come back to view my blog tomorrow. hihihihi
Fisrt, You have to open an email account from https://www.google.com/ or you can use any any email that you have to register an adsense account with google. You can watch video how to open the adsense account with google. Through the adsense account, you can track how much money you earn per day, per week, per month. You can see how and when google pay you or you can see how many people views your works such as your video on youtube, your postings on your blog, google plus, twistter, or on facebook. Furthermore, you can track how many companies bid for advertising on your works and how much they pay for you each time the views click on the advertising through your pages. Remember that you should not encourage any one click on the advertising if they actually dont need to see it or if they actually need that service on the advertising. You will break the contract with google adsense if you abuse clicking on the advertising. In fact, each time you yourself clicking on the advertising, you will get money from the advertisings, but later in couple of hours or after nearly a day, Google will track your IP address and they will collect that amount of money to give it back to the company that paid you. You can test what I tell you right or wrong by open another account, then log in, then click on the advertising on your sites. After that, you log out, check your account google adsense, you will see that you get some money by those clicks. The amount of money will be subtract on your account google adsense later at the end of the day. Therefore, dont waste your time to do that.
Second, you have to open an accout with youtube: http://www.youtube.com/ to upload your video. Then In the video manager that you can found by clicking on the top right side of your youtube page, you can set monetize for each videos. Check again the page that show your video now, you will see the advertising on the page that your video showing.
That is the first step you can make money online. Each time anyone who view the video that you posted on youtube and click to the advertising, you will share the money from the advertising with google. you can earn about 79% to 85% of the money paying from advertising. Google will get 15% to 21% from that share.
Thanks for your view. Please add me as your friend and come back to view my blog tomorrow. hihihihi
Thursday, February 2, 2012
A delicious vietnamese food
I want to introduce you a vietnamese food. click to the link to know how they do it.
cach lam goi cuon
cach lam goi cuon
Wednesday, February 1, 2012
A 5 years old can make a cartoon movie
I cannot believe how my cousin can make a cartoon video when she is only 5 years old. Therefore, I made an interview to know how she can do it.
A 5 years old girl made a cartoon movie
A 5 years old girl made a cartoon movie
5 years old girl can make a cartoon film
Hi everyone,
Here the link to see the cartoon clip that a 5 years old girl did it.
Link to the cartoon clip on youtube
I will post the video to show how she can do it for you guy in next post.
Here the link to see the cartoon clip that a 5 years old girl did it.
Link to the cartoon clip on youtube
I will post the video to show how she can do it for you guy in next post.
How to open a google adsense account
Hi everyone,
I made a video last night to show you the link and how to make an account google adsense in order to help you make money online through google system.
Here is the link: Link to video how to make google adsense account
I think my video is clear and slow enough for you to follow. Sorry about no audio in this movie, because I did it at night and I dont want to bother any one in my family.
I made a video last night to show you the link and how to make an account google adsense in order to help you make money online through google system.
Here is the link: Link to video how to make google adsense account
I think my video is clear and slow enough for you to follow. Sorry about no audio in this movie, because I did it at night and I dont want to bother any one in my family.
Music for free online
I want to introduce to all of you, who visit my blog, a website that you guys can listen music by albums or by singers for free.
here is the link to that website http://mp3.zing.vn/
In the website, you can listen or download music for free! cannot believe it!!! have fun!
here is the link to that website http://mp3.zing.vn/
In the website, you can listen or download music for free! cannot believe it!!! have fun!
Sunday, January 29, 2012
Looking for some one that can make a web
hi everyone,
I am looking for someone or some code that can help me to give users who enjoys my website credits for their activities such as inviting friends to my website, being member in my websites, purchasing items in my site...
If anyone know the code or anyone that can corporate with me to do the website like that, please contact me.
thanks.
I am looking for someone or some code that can help me to give users who enjoys my website credits for their activities such as inviting friends to my website, being member in my websites, purchasing items in my site...
If anyone know the code or anyone that can corporate with me to do the website like that, please contact me.
thanks.
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