e-Riches
Easy money to be earned selling e-books.
Can you get rich selling e-books? While Bill Gates' type money isn't guaranteed, you can earn you a very nice income selling e-books online.
E-books are electronic versions of printed material that can contain text, sound, and images. The profit potential from selling them is high because start up and operating expenses are very low. The biggest expense is purchasing books for sale.
You can earn even more money if you write some of your own e-books. Your writing skills don't have to be stellar. There are online sources that will take your research and craft an e-book for you. Some of these companies even take care of marketing, payments, and shipping.
Buying e-books for Sale
You can purchase e-books from authors online. eBay is another source for e-book buying. Purchase e-books with resell rights. This allows customers to sell the e-books they buy from you themselves thus providing an incentive for them to do business with you.
Make sure the e-books you buy (or write yourself) are full of useful information and resources. Some e-books are nothing more than ads and sales pitches for the writer's products. These "ad books" will turn off customers and decrease repeat business.
Do your research to determine what types of information people are seeking. Getting rich selling e-books will depend on the topics covered, customer base, and marketing campaign.
Before buying an e-book for resale, do an online search for the title. If lots of web sites are selling the book, it's probably a popular title and will be a good seller. It also helps to sell e-books that cater to a specific market niche. Search online forums and other group sites to locate potential target markets for niche titles. Contact these groups with a short email inviting them to visit your site. Offer an incentive such as 20% off first purchase to increase site traffic.
E-books about current trends or hot topics will generate more income. Your income will really get a boost if you can spot the "next big topic" and write or purchase e-books to sell before the competition saturates the market.
Marketing Extras
You can use a common template for your e-books web site or sell them on an existing site you already have. However, to stand out from the competition, create you own web site to sell e-books. Always add new titles to your stock to keep old customers coming back and to attract new ones. Use email to notify customers of new titles and special sales. Offer discounts on slow moving titles.
Affiliate programs are another way to get rich selling e-books. The affiliate pays you a commission for of its e-books you sell. To earn extra cash from e-books you write, start your own affiliate program.
There are plenty of online and print books that will help you learn how to get in on the e-book sales bandwagon. A good place to begin reading is "Make Your Knowledge Sell," by Ken Evoy and Monique Harris.
Sources
"About Making Money with E-Books," (about-the-web.com)
"Make Money Selling Ebooks," (christianet.com)
"Make Money Selling Ebooks," (homebusinessmag.com)
"Is Your Dog Selling eBooks Too?," (marketingsource.com)
Best in Show
Do your homework to determine the best affiliate programs for your web site.
Affiliate (aka Associate) programs are a win-win situation for everyone involved. Internet-based merchants hook up with affiliates to generate traffic to their web sites. Affiliates get paid if the traffic from their site visits the merchant web page. The smart Internet entrepreneur does some research to determine the best affiliate programs for her business.
Where to Look
Affiliate networks are the middle man between affiliates and web sites with affiliate programs. Look for affiliate networks that provide all the tools needed to set up and maintain an affiliate program. AssociatePrograms.com is a popular directory with information about merchants that pay you to sell their wares.
Commission Junction is a free network that offers access to thousands of the best affiliate programs. Commission Junction combines all your affiliate earnings (product sales, on-line ads, links) into one monthly check.
What to Look for
The best affiliate programs will be those that target your customer base. An on-line florist would get little traffic from a pet supply website. You want an affiliate whose business is similar or comparable to your product. Avoid affiliates with low quality products. Ask to speak to existing affiliates to find out if a company is reputable.
Referral traffic may link to the merchant site and not buy initially but return to make a purchase weeks later. Look for affiliate programs that remember your site was responsible for that customer. The best affiliate programs remember you for 60 days by using cookies to tag the customer's computer when he visits the merchant site.
The best affiliate programs offer reliable support such as ads, logos, and sales advice. Good programs also provide timely updates on click through sales and earnings, and, respond to questions or problems within 24 hours.
Getting Paid
There are three common affiliate payment plans. With pay per sale, the merchant pays when the affiliate sends a customer who buys from the merchant's site. The payment could be a set amount or a percentage of the sale.
In a pay per click set up, the affiliate is paid based on the number of people who visit the merchant's web site regardless if a purchase was made.
With pay per lead programs, affiliates are paid based on the number of people who sign up as leads. A lead would be a visitor who filled out an information page on the merchant web site thus becoming a potential customer.
Multi-level payment plans allow affiliates to earn commission on sales, clicks, or leads from their sites as well as commission based on activity generated by affiliate sites they refer to the merchant site. Another form of payment is residual commission. Affiliates continue earning money after the original sale has been made. This is common in situations where customers pay monthly fees for merchant services.
The best affiliate programs pay at least 25% commission with some going as high as 50%. Payments should be made at least once a month although some affiliate programs pay quarterly or twice a year.
Honorable Mentions
There are hundreds of good, reputable affiliate programs. Three that stand out among the best are Neil Shearing's affiliate program which pays some of the highest commissions and conversion rates; Ken Evoy's 5 Pillar Program which offers excellent marketing and educational information; and My TemplatesStorage, a good site for web development merchants.
Sources
"How Affiliate Programs Work," (howstuffworks.com)
"Best Affiliate Products for Maximum Profits," (bestaffiliateproducts.com)
"Affiliate Programs," (buildwebsite4u.com)
posted by Chris Simpson
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Thursday, September 21st 2006
If you are retired you have a great opportunity to make money online. After all, you will have as much time as you need in order to make sure that you are a success. Unlike other people that try to make money online, you will not have to work another job in order to stay afloat financially. You can make this work to your advantage, and be making money online before you ever thought possible.
Listed below are a few tips that you should follow if you are retired and looking to make money online.
1. The first thing that you will need to do is make sure that you have enough knowledge of the internet to be successful. Some retirees never used the internet in the past. If you do not have experience online there is no reason to give up on your goal. Simply get connected and start dabbling. For assistance you may want to purchase a book or two on getting started online. These will give you basic information on the internet, and what you need to know to get started. You may also want to take a course at a local community college. This is a great way of getting first hand instructions from a professional.
2. When you are ready to go, the next thing that you must do is make a decision as to how you want to make money. Do you want to start an online business? Or do you want to use affiliate programs to make money? Some retirees find that the easiest way to make money online is to bring their past work knowledge into their venture. This way they already have knowledge on the industry. This is a great option that you should consider.
3. After getting your business idea in line, you will need to set up a business and marketing plan. This will help to keep you on track during your quest to make money online. By having a business plan in place you will be able to stay on track no matter what is thrown at you. And a marketing plan is very important so that people know you exist.
4. Stay patient when trying to make money online. Just like anything else you are going to run into problems along the way, and you will probably feel like giving up. But by staying with your plan, you will reach your goals soon enough.
Overall, retired people can make a lot of money online. If you are in this situation, you will want to follow the tips above in order to get started. By doing so you will be on track to making money online, and supplementing your income.
posted by Chris Simpson
3 Comments »
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