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A few idea's to making money on the internet, most of them are fool proof, but do be aware you can lose money as quickly as you can make it. ![]() | To make money on the internet is easy, it only takes work, hard work. Look at any rich person and the only thing they have in common is they have worked hard to get their wealth, sometimes 12 – 18 hour days for years! You need money to make money, so don’t give up your day job yet! It’s not that easy! Separate your money, spending and investing and keep them separate! The more money you can place in your investing account the better, so only buy the things you need! NOT the things you want the thing you need to survive. You must write everything down ‘information is power’, the more information you have the more power you have! Be careful do not make thing too complicated, a simple Excel spreadsheet is often all you need! Try to keep a record of your profit, i.e. the percentage interest you have received from your investment The easiest way to earn money is to leave it in the bank! Average 5% percent interest a year for doing nothing is OK, but you could earn more! Duncan Bannatyne, basically said in his book if a business offers 30% return on investment it would be foolish not to pursue. Clearly showing big profits are impossible, making more than the bank offers is easy! Invest £100 and get £130 back is a good deal and is properly one of the best deals you could achieve. 1 – eBay This has to be the easiest way of starting to make money. When you are shopping buy something to sell, look at special offers, children’s toys and charity shops (car boot sales or garage sales are also good), you will soon find your niche market. Then sell it on eBay! Make a note of your purchase price add 10% then sell it, your 10% profit could be hidden in your postage (shipping) costs. i.e. buy for a £1 and sell for £1 add 10p to your postage costs. You have just made 10% interest on you investment. One year (52 weeks) doing the same thing you would have increased your investment by 520%. Your £1 has turned into £6.20, better than any bank or a bricks and mortar business. Not a lot, I know, but it is a start. Once you start selling 100’s of items your profits soon add up. Do not forget eBay is an auction site so 10% would be your minimum profit. Do not stop at small items cars or even boats. Eg. I purchased a boat for £800 and sold it for £1200 on eBay, within a week I made 50% profit on my investment! Note: for large sales cash only! Allow people to view prior to purchase, if two bidders are interested they will only push up the price! To increase your profits, set up a PayPal account to help sellers pay for their goods. Ship world wide to expose your items to as many buyers as possible. When listing your item, make sure you add as many key-words as possible, a simple ‘shoe’ can become a ‘black patent high heeled stiletto shoe size 6’, helping you find more buyers. Ensure your description is good, this will save time in the long-run as customers will always ask questions? Can you make items to sell, drawings, paintings, clothing etc.. Once you have the basics mastered, why not buy direct from a manufacturer and bulk buy. Their might be a factory close by you can purchase seconds at a fraction of the price. You could have enough products to open your own EBay shop! Do not forget to keep a record of your transactions, make a note of eBays charges, note do not spend too much advertising on eBay, a simple advert with a picture is often enough. Also do not forget PayPals charges. Be aware there are other auction sites on the internet, I have tried them and did not rate them too much, always going back to eBay! Watch for additional charges on other auction sites! 2 - Website You need to have a bit of technical ability for the one. A simple knowledge of HTML will be OK. This can be achieved by trawling the web, looking at examples of web sites and exploring which HTML code does what! Purchasing a web design book will also help. The rest is simple, write a web site about your interests, try and stay away from sex as advertisers do not like it. The web site can literally be about anything, as somebody will find it interesting, gardening, cooking, your cat or even your holiday. Once you have the outline of your website up and running you can then get advertisers. Google AdSense is a good place to begin, from here you can select a variety of adverts appriopiate to your web site. Amazon is also another good addition to a web site. Sites like Trade Doubler and Commision Junction offer a wide selection of Ecommerce websites looking to spend advertising revenue, by placing their advert on your page. Try to keep organised, do not just have a website full of adverts from different sources and have to click to 100’s of affiliate schemes to find out if you have made any money. A handful is often enough! I say this because some sites/adverts will not give you much in return over time, you need to filter these out and replace them with adverts that will do give you a higher revenue. Again, keep a record of your transactions, how much you spend on website hosting, purchasing domain names etc to how much you earn, work out your return on investment. Some useful links:
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