Saturday, January 24, 2009

How You Can Make Money by Sharing Business Ideas






The global economy is facing very hard times right now. A lot of people are getting very worries about finances and it can be very tempting to hop on the financial woe bandwagon. However, you can actually choose to take a very different view and see our financial climate as an opportunity instead.

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

Because people looking for money making ideas is such a hungry market already, you can very easily tap into that market and profit by creating a blog, website or online community. It's very easy to find or come up with a wide range of business ideas people can use to start businesses, especially for those on a limited budget. By creating this internet community, you would be adding a valuable resource by giving your visitors a place where they can talk about business ideas.

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 does take some effort to put together a good downloadable product. First, you must come up with a good idea. Then you have to actually write the eBook or record the audio. You can also hire a writer if you aren't too knowledgeable on the topic you're creating. After you finish your product, then the next step is to create a compelling website and set up payment processing.

Once you start to sell your product, then you'll need to provide customer support as well as continually market and promote your product.

One of the best things about selling a downloadable product is that you never have to ship or print anything. All your products are easy for your buyers to just download on to their computer.

But if that still seems like a lot of effort, you can take the easier alternative route of ...

Selling Other People's Business Products for a Commission

If you don't want to put in the effort to create a product or your own, you can still make a great living online by selling other people's products. A lot of the popular business ideas products online (including the one we'll talk about at the end of this article) offer commission programs. They're free to sign up for and you'll get as much as 50% of all the revenue that you refer. In other words, if you send them a customer and that customer buys $40 worth or products, you'll make $20.

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.

If this suits your fancy (earning money WITHOUT having to write long ebooks or provide customer service) you can join Nicole Dean's Just Add Sweat Affiliate Program - FREE. Just recommend our business idea guides, earn commissions and relax. It's as simple as that.