Sick Of Hyped Up Make Money Scams?
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Millions of people worldwide are haunted by the idea of having some website which makes money off the Internet automatically. However, most people don’t realize that a cash generating website must be treated like a business. As such, there are a myriad of factors which ultimately affect your success.
First of all, you need a product to sell. It is hard to start a business of any kind with no products to offer. Imagine for a moment that you are starting a restaurant and you bought the tables, the oven, a brand new refrigerator, spent thousands of dollars decorating the place and on opening day you realize that you forgot to create a menu! In other words, you have everything in place, except the product.
On the Internet, you can sometimes get away with your website’s content as a product. Of course, this really depends on how much and how good your content is. Profiting from content alone is a totally different story. Most scam make money online opportunities will sell systems promising to deliver huge rewards via advertising or affiliate commission revenues.
Let’s say your content website gets 20K page views per day. This number is actually huge in terms of traffic. Your ad network will consistently report about 5-10% of your logged traffic. This means that your 20K page views are now only 1K according to your ad provider. At $2 CPM (Cost per thousand impressions), your website is making between $0.50 and $5.00 per day. Ask any webmaster to verify.
The math changes slightly if your site depends on affiliate commissions. A generous 1.0% CTR click ratio from your site could be sending around 200 people over to your affiliate websites. These affiliate programs will usually inflate their conversion ratios, but in reality 1 in 200 or worse are most likely. So, your super high traffic website is only producing about ONE affiliate commission per day.
You’re just not going to make money by relying on advertising or affiliate commissions unless you find a way to get millions of visitors per day.
Every business opportunity you find online that says:
* Never revealed marketing secret
* Never sell anything
* Never do anything
* Fully automated
Is most likely a scam!
How can you really make money online?
Unlike most lame money making articles I’m not going to recommend you start up a blog or put together a $99 PDF e-book. Don’t get me wrong, I have nothing against blog sites or e-books, so let me explain. Starting a stand alone blog or creating a website to promote some off the wall e-book will take an enormous effort to make the website profitable.
On the other hand, let’s say you created a special widget and built a website to promote this product. Now, I totally recommend a blog to supplement and promote your product. You could even sell an e-book on how to maximize your widget’s full potential. Can you tell the difference?
In order to make money online you need to invent something, and then figure out how to promote it!
David Thackeray is the President and CEO of Software V2 Corporation. Give your income and instant boost at CrazyDinero.com or go to HotAnnals.com to find this and many other interesting articles. Both are Software V2 Corporation websites. Please visit SoftwareV2.com for more information.
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