Sunday, June 22, 2008

How To Make Money Online

So I've been telling you some of the problems surrounding Internet marketing. Now I'm going to tell you a few ways to solve the problem of making money online or more importantly how not to loose money online.

I think that one of the most important things to think about is how much money you want to make online. No joke here. For some people a few bucks a month to help offset some bills may be enough. For others the skys the limit. They're looking for a way to replace their regular income, that is they're job, or they may be hoping for the kind of money that will change their life. It's all possible but it really is up to you.

So what are the deciding factors? What are you going to do? There are some questions you need to ask yourself. In addition to knowing how much money you'd like to make you should think about how much money you'd like to invest in your new business. It may be that you can't afford to spend any money. Don't be discouraged there are lots of free opportunities online that will make you money.

How much time can you dedicate to your business? There's no question that the more you put into your business the more you're going to get out of your business.

How much skill do you have? If all of this is new to you like it was for me my suggestion is find something that isn't to complicated. That doesn't mean that you shouldn't try to learn how to run an Internet business but it sure would be nice if you could make some money while you're trying to learn how to be an Internet marketer.

There's only one person that can answer these questions and that's you. Don't over extend yourself and don't set your sites to high. If you're discouraged at every step of the way you're setting yourself up for failure. Be realistic and like I said before don't expect instant results, it takes time to build any good business on or offline.

In my next blog post I'm going to talk about some of the different types of online businesses that anyone can join.

Brian Downie
The Friendly Internet Marketer

Get Leads Like The Pros Do

Powerlines, Forced Matrix and Other Schemes

I got a little off track on my last blog but I thought it was important that you understood the difference between making money and being in profit because that's a key point in what I'm going to tell you next.

Like I said before recruiting is not easy. It's not impossible but it's not easy. It takes time, patience and experience to be a good recruiter. I'm not the only guy that knows this and believe me lots of program owners have come up with ideas that can help alleviate the problem. If people keep dropping out of their program no ones going to make money not even the owners so it was to their advantage to find a solution.

In comes the powerline. This system puts you in a direct pay line meaning that you earn a commission on everybody below you. Another possible solution that program owners have come up with to solve the drop out and recruiting problem is called a forced matrix. In this system you can recruit for yourself and if you're lucky you and your downline will get what's called "spill over" from other people in your upline. With any luck at all you may have a very experienced recruiter in your upline and everyone will get people in their downline.

Remember that whole "make money vs. profit" thing I talked about. Both of the systems I just told you about are going to increase your odds of success but believe me neither is a perfect solutution to the problem. You may be supprised to find out that there's a catch. Like you need two or three recruits yourself before you get your share of the matrix.

Always make sure that you've read all the terms and conditions in any program you're thinking about joining before you join.

Brian Downie
The Friendly Internet Marketer
Advertising and Income In One
Anyone can earn here

Making Money vs. In Profit

You have to be careful when you're looking for an online business. There are a lot of unscrupulous people out there. One of the tactics you'll see people use is telling you they're making money or that you can make money right away.
Making money online isn't hard to do at all. What is difficult is being in profit and believe me there's a huge difference. If a program costs you $20 a month and you're bringing in $10 a month you're making something or in other words you're not making nothing. The problem is your new business is still costing you more than you're making. The idea is to make more than you're spending. Then and only then will you be in profit.

Like I said there are lots of unscrupulous people out there and they'll tell you anything they think you want to hear. Just be careful.

Brian Downie
The Friendly Internet Marketer
Advertising and Income In One
Anyone can earn here

Saturday, June 21, 2008

Where Have All My Members Gone?

In my last blog I said I preferred lifetime fees as opposed to monthly affilate fees. The reason is simple, it reduces the number of drop outs.

Drop outs are what I call the people you've recruited to your new business that suddenly disappear.

So here's the story. You worked your tail off and you recruited some new members to your business. You're finally making some money. Your not getting rich yet but you are making some money, maybe you're covering your costs at least and that's very good. So everybody's happy now right? Wrong. Your new member just can't seem to do what you're doing. You've been working your tail off, coaching and training and teaching your new member but they just can't seem to get any new members in their downline. Don't blame yourself you've done everything you could for them you may have even recruited a couple of new members for them. The long and short of it is they can't do what you're doing and all they see is their money going out and nothing coming back in. What would you expect them to do? They quit. Now you're back trying to get another new member to replace the member that just left and that's so you can maintain your income level. I have one very important question to ask you. How long are you going to keep this up?

Now you know why 97% of all the people that start a home based business fail.

In my next blog post I'm going to talk about some pay plans and how they work. There must be something out there that can reduce the drop out rate. Right?

Brian Downie
The Friendly Internet Marketer
Advertising and Income In One
Anyone can make money here

97% Of All Internet Marketers Fail

That seems like a crazy statistic but unfortunately it's a pretty accurate one. In my last blog I said that recruiting new members or the lack there of is what kills most attempts at Internet marketing and I really believe it is.

But why? It's not that hard to get your website seen by people there are lots of good advertising resources out there. There are even lots of people out there that are actively looking for a home based buisness.

In many cases the single biggest factor that is scaring your prospective new customers away is the cost. It's been my experience that most people are looking for a home based business as a way to improve their financial situation, not make it worse.

There are companies out there that charge a monthly affiliate fee for the privalege of being a member of their organization, there are companies that charge an annual fee and there are even some companies that charge a lifetime fee. I'm not knocking these guys. They've worked hard to develope their business and after all the fees they charge is how they're earning their online living. As long as they're giving you good value for your money I don't have a problem with any of these payment structures. I do have a preferrence for a one time fee as opposed to a recurring monthly fee for the simple reason that it reduces the drop out rate significantly. The problem with the lifetime fee is that it can quite often be fairly heafty. I've seen fees that are in the thousands of dollars. You better be very serious and committed to your new business if your thinking about spending this kind of money.

People are skeptical at the best of times. Can you blame them? There are lots of scam artists online and offline too for that matter. It's been going on since people invented money and maybe even before that. My point is just don't expect people to be as entusiastic about your new business as you are when they have to spend their money to join.

Brian Downie
The Friendly Internet Marketer
Advertising and Income In One
Anyone Can Make Money Here

Bringing New Members Into Your Online Business

So in my last blog post I talked about joining an affiliate program as a way to start your own home based Internet marketing business.

For the most part an affiliate program is a great way to go for most people but there are definite pitfalls.

Here's the granddaddy of them all.... recruiting new members.

In most cases your income is going to rely on your ability as a recruiter. In other words bringing new members or business partners into your business is how you're going to make money. Here in lies the reason why most people fail at Internet marketing. Just my opinion but I bet you could find more than just a handful of people that would agree with me. Once again I want to stress again that I'm not trying to discourage you from starting your business. Recruiting is not impossible. It takes time and in most cases some financial investment for things like advertising. In my next blog I'm going to discuss why recruiting, or the lack of it, kills most online marketing hopefuls.

Brian Downie
The Friendly Internet Marketer

Publish Post

Affiliate Marketing Programs

So if you read my first blog post you know that I'm all about trying to figure out what works online and what doesn't.
So what's wrong with affiliate programs? Nothing really if you pick a good one you just need to know what to look out for. I'm not going to name any one program in particular, I don't want to get sued here.
Affiliate programs are a great way for an average person to get started in Internet marketing. All the hard works been done for you already. Well not all the hard work, but the owners of the company or program have developed a product line, a way for you to promote the product, a compensation plan and in a good online company (or offline for that matter) they have even developed a training program so that you can learn how to use the tools they've provided for you. All in all it's a lot easier to start with an affiliate program than it is to try and find and market a product on your own.
So what should you consider when looking for an affiliate program? Lets start with the obvious stuff. How about the cost. Is there a monthly fee or a lifetime fee? What is the product? Is it marketable? How solid is the company? Is the compensation plan a good one, in other words can you make money with it? Does the company provide the training, the support and the tools you'll need to be an online success?
These are all things that you should consider. Oh there's likely even more but this is a good start. Just be careful and do your homework. We want to make sure this thing works for you.

Brian Downie
The Friendly Internet Marketer

Free Videos
Reveal How You Can Generate Endless Leads
And Build Any Home Business