The 3 best ways to make money online by ericwelke

Articles from EricWelke.com The 3 Best Ways to Make Money Online by Eric Welke

The three most popular home business models found online are Online Retail, Affiliate Marketing, and Network Marketing. These three essentially involve selling or marketing products to people through the internet. These three also share some basic qualities that put them on the top of the most favored list. Given the same amount of time, effort and preparation, you can choose any one of these methods and achieve a measure of success. I’ve found the following to be excellent gauges for finding out the best ways to make money online. Low cost of entry – you want to start with a business that’s within your reach. It’s not just your inventory or startup costs you have to think about, your operating costs for the first few months should also be considered. You don’t want to get stuck with a product that will be costly to store and keep in the long run. This is why affiliate marketing is popular since there is no inventory involved. A forgiving learning curve – it’s a good sign if the business your eyeing allows you to learn how to set it up and manage your operation easily. Bear in mind that this is dependent on your skills and experience. Some online businesses may require an entrepreneur with expertise and certifications in a particular field for a better chance of prospering. Opportunity to dominate a niche – this is a good indicator of potential success. If you recognize that the particular product you’re selling will be highly sought out by a

particular demographic, then you should do your best to make a good impression and cultivate a relationship with your potential customers. A product that “sells itself” – this is rare but if you find a product that can literally sell itself, then you’ve got it made. The closest business model we have that can sell itself would be incentivized network marketing. Of course it doesn’t really sell itself but your customers are given an incentive for sales they refer. This helps in promoting your product and grows your own network. Offers excellent value to your customers – the product should be useful and at the same time affordable to your target market. You should always be aware of similar products that are being sold online. You need to make sure that you’re customers see you as a better alternative than the existing providers.

The type of product you want to sell is the main differentiating factor. This is where diligent research and study of your product comes in. You don’t want to rush out and sell something just because it’s popular. You want to make sure you’re selling something that is legitimate and safe.