Monday, December 29, 2008

Online Money Making Tips

In the internet age, you are losing potential profits if you don't sell your product online. If you don't have a product now, that's ok. Let me tell you an online money making success story.

An internet guru by the name of Joel Comm recently showed his internet money making skills. He developed an application for the Apple iPhone called iFart. It may sound stupid, but iFart is now the most sold application on the iTunes store, costing only 99 cents.

Around christmas time, sales skyrocketed and the successful developer shared his success by posting sales numbers by date. The application was created on December 12th, and by December 26th he was making $40,000.00 in 2 days.

Joel was smart for many reasons. First off, he was tapping into a market that is new and not extremely competitive, yet still had potential to be highly profitable if he could create an application that would get to the number 1 spot on the iPhone application store. Also, he knew something silly like a farting machine app would actually still sell amazingly well to the average iPhone user. I am sure he is farting all the way to the bank.

So my online money making tip of the year is develop your own iPhone app! If you start making more than $20,000 a day, remember to send me a small donation.

If you don't want to make an iPhone application, you can take the traditional route of making money online by starting your own website and selling a product, or making money through advertisements.

First things first, your website must look professional and have easy navigation. The average internet user will probably close your website within 2 seconds if your website is not appealing to their eye. If you have a large website, be sure you have a search feature implemented and easy to access, near your content. If you don't have many products yet, I would suggest using Paypal. Once you make it to the big leagues, you will want a merchant account for accepting credit card payments.

Affiliates can make you tons of money online, also. Affiliates can create a positive buzz about your product and help drive both sales and traffic. Affiliate marketing really is a no-lose situation since commission is only paid upon sales.

Create a Yahoo or eBay store. This is one of the best ways to make money online if you have some SEO ability. These stores provide easy navigation and search features, and you can host these stores from your own domain.

I will have more tips to make money online tomorrow, thanks for reading.

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