Sunday, January 25, 2009

Would You Like to Make Money by Sharing Business Ideas?

By Nicole Dean

People all over the world are facing tough economic times. While it can be easy to get worried by financial woes like almost everyone else, you can instead chose to view our financial climate as a positive thing -- an opportunity even.

How could this economy be an opportunity? Because of how many layoffs and downsizings there are right now, there are a lot of people who're looking for different ways to make some money online. More importantly, they're looking to learn how to do it without spending a lot of money. Since learning to make money online is becoming such a huge market, you can easily turn this into a money making opportunity yourself. You can help others make money online while you yourself make money helping them learn.

How do you do that? Here are several ways.

Build a Blog or Website Community

A great way to make some extra money online is to create a blog, online community or website for people who want to find ways to make money online. Because you're tapping into a market that's actively looking for business ideas, you'll be tapping into a market that's very hungry for information.

Once you've created your site, you can generate income using several different methods. The easiest method would be to display advertisements through the Google AdSense program. Another way to make money would be by promoting other people's products and collecting a percentage of the profits.

One other great way you can make money by sharing business ideas is to

Put Together Your Own Downloadable Product

Hundreds of thousands of dollars are made every day from people selling eBooks and downloadable audios online. One of the most popular types of eBooks is those about business ideas. Although it can be tough to promote an eBook in a popular market like "How to Start a Restaurant," it's very easy to create an eBook in a smaller market and dominate it.

It takes a bit of work upfront to create an eBook. First you need to brainstorm a good idea to write about. Once you have your idea, the next step is to spend time writing your eBook or recording an audio eBook. After your product is complete, then you can make a website or blog that's designed to persuade your visitor to buy.

Needless to say, as part of running a business you'll need to continually provide customer support and keep on promoting (marketing) your website. You'll also be collecting the checks each and every month.

The great thing about the online format is that you don't have to ship anything or print anything. Everything is easily downloaded to your buyer's computer.

However, if that sounds like a lot of work, an easier alternative is to

Sell Other People's Business Idea Products for a Commission

Even if you don't want to go through the process of creating your own product, you can still make a lot of money by selling other people's products instead. Most other entrepreneurs who create products that teach how to start businesses have what's called an "affiliate program." These are programs that will pay you as much as 50% of the sale price when someone you refer buys a product.

One of the best things about referral marketing (also called "affiliate marketing") is that you save yourself the effort of making your own product. You never have to worry about customer service or fulfilling orders. The only thing you're responsible for is directing traffic to a website using a special link. If you enjoy telling family and friends about new restaurants, movies or products you like, then this could be a great way for you to make some extra money online.

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