Can you make money online?

Traditionally, to get rich by doing business, we need to sell some physical products or services. To do that we usually need to buy a shop, set up a  factory or rent a a building, and set up all necessary equipments and facilities. On top of that, we have to invest money to buy raw materials and maintain the inventory and pay the employees. All these need substantial initial capital outlay. So, not everybody can start a business, most of us end up as employees, working for other people whole life and never have a chance to get rich!

Fortunately, the advent of the Internet technologies changed all that. Now, almost everybody can earn some money from the Internet, part-time or full time. Some of us can even become a millionaire. The reason why anybody can start an online business is because we don't need a big initial capital to start a business, we can even start with ZERO capital! I repeat, ZERO capital!

But you may ask "What products can we sell online?". I will tell you in the coming post.

Think and Grow Rich

In the previous post I was talking about virtual assets which can be acquired or created completely free or with very little capital..You might wonder can virtual assets match physical assets in terms of financial value? You can be rest assured that not only virtual assets can match physical assets in terms of financial values,they might worth much more than physical assets.Great examples of virtual assets are software created by Microsoft, social networking website like Facebook, online video streaming center like YouTube and search engines like Google and Yahoo! all worth billions of dollars.

In this information age, people are getting rich faster and at much younger age. Many of the new found billionaires today are in their 20s and 30's, and most of these people become wealthy by creating virtual assets based on Internet or Information technologies. Most of these billionaires have one thing in common, they are very creative and innovative, and started their businesses while in their high school or college years, and used very little initial outlay. Their greatest asset is their brain, they generated great ideas by using creative thinking.

Years ago I read a book called 'Think and Grow Rich" by Napolean Hill which gave me great inspiration. He wrote this book based on his research on a number of successful people who created great wealth in their lifetimes. Although this book was published  in 1937, I think it is still relevant in this sophisticated Internet age. According to Hill, great ideas can be conceived through thinking, and those ideas might bring you great wealth! In this information age, converting ideas into wealth is even easier and faster, often required only a PC or a computer notebook, or even with a cell phone! HOW? I shall share with you in the coming post.

Virtual Assets

Most people struggle to earn enough money to fulfill their needs and wants, let alone enjoying financial freedom. In this time of financial and economic crisis, the situation has become more severe. Many people are jobless and they have to do odd jobs just to survive.

The problem exist simply because majority of us don't know the art of financial management. Not many people keep track of their household income and expenditures, and they always end up spending more than necessary, and accumulate more debts than savings. In fact, most of us find that we will never save enough!

To step out of this vicious cycle, we need to master the knowledge of financial management. Financial management is not as difficult as most of us think, it simply involve the management of assets and liabilities. Assets are something that we own that can generate monetary value while liabilities will cost us money. For example, if you are getting rental from a real estate property, and you are making a profit out of it, this is your asset. However, if the rental from the same piece of property not enough to cover the maintenance and mortgage payments, it becomes your liability.

Acquiring a physical real estate is not easy, you need quite a bit of initial capital outlay. Besides, you need some investment knowledge too, otherwise you will end up losing money. However, I'm not talking about physical assets here. What I want to highlight here is something call Virtual Asset. The beauty of virtual asset is it doesn't required big initial outlay to acquire, it can actually be created for free! You will sure ask me: HOW? OKay, I will explain it in the next post.

Creating wealth

Most of the people in this world are employees. They work very hard for the bosses but they can never get rich. In order to get rich, you need to venture into business. However, you may have this doubt in your mind: How to start a business without capital? Can you really start a business without money?

Yes, I agree with you, you need capital to start a business, because capital is an economic factor. However, does capital means money? In the conventional business world, capital is money. For me, capital has a new meaning in this information age, it means KNOWLEDGE! It is the big K that's important in business, that's why the economists call the Internet economy K-economy.

With the advent of the Information and communication technologies, you can create something of value by using your brain. With a little creativity, you can conceive great ideas that might help you to build a big business, with literally zero or very little initial monetary investment. A couple of young men in their 20s or 30s have become billionaires in this manner. For example, Mark Elliot Zuckerberg, the founder of Facebook is only 25 years old! So are the founders of Google, Sergie Brin and Larry Page, both are only 36 years old.

So, it is all in your mind! According to the author of Rich Dad, if you choose to be rich, you will be rich and if you choose to be poor, you will be poor! And it does not take money to make money! So, you must start changing your thinking from now, unless you prefer to stay in your comfort zone.

In the next post, I will share with you my experience on how to create earnings and better still virtual asset out of sheer ideas and a little hardwork, without or with very little initial capital outlay.

Can you get rich doing online business?

Is it possible to become rich by doing an online business? The answer is a big YES!!

The other day I read a book on Investment by Robert Kiyosaki. This book offers very different view from most of the investment books, the author says that it does not take money to make money! Then what it takes to make money? It is all in your mind! Can you get rich without a penny? Yes, according to the book. I was wondering how at the beginning but the answer becomes clearer as I read on, it has got something to do with the present information age.

Google Adsense

Many have heard of Google Adsense program but don't know what is the purpose of this program, let alone understand that this is a good way to generate a potentially lucrative income!

I have been involving in Adsense for more than 12 months and friends, I can tell you that the income is almost like my second salary, enough to cover my gas and food expenditure!

So, what is this thing called Adsense. In order to give you the correct meaning, I quote it directly from the definition provided by Google, as follows:

"Google AdSense is a fast and easy way for website publishers of all sizes to display relevant, unobtrusive Google ads on their website's content pages and earn money. Because the ads are related to what your users are looking for on your site, you'll finally have a way to both monetize and enhance your content pages. Learn more about AdSense for content.

It's also a way for web site publishers to provide Google search to their site users, and to earn money by displaying Google ads on the search results pages. Find out more about AdSense for search.

The program is free, and combines pay-per-click and pay-per-impression advertising - meaning you get paid for valid clicks on the ads on your site or search results pages as well as impressions on your content pages. So go ahead and try this program. If you comply with our program policies, just complete our online application and select either or both of AdSense for content pages and AdSense for search. One application gets you approved for both AdSense and AdSense for search - you can decide to use any combination of these products on your pages.

We'll review your application and follow up with an email within 2-3 days. If you are accepted into the program, you can log in to your new account and get the HTML code to insert into your webpages.

Keep in mind that participation in AdSense requires you to have a website. If you don't have one, you can sign up for a free blog at www.blogger.com. "

So, if you have a website, you can sign up for the program immediately. But remember that you must have a good website because Google will review your website and if it is not up to the mark, you won't be allowed to join the program. If you don't have a website, you can start one now or you can start a blog.

Good Luck!

Make money online from home with affiliate niche marketing

As economic crisis is worsening, everybody is looking for some part-time jobs to supplement the family income. However, it is not always easy to get an ideal part-time job, because of time constraints and other problems. So, the best solution is to start an online business and earn money from home, without the constraints of the physical part-time jobs. However, though many people are trying to make money online, only a handful of them are successful. Most of them could not make a decent income. There is nothing wrong with the online business models, it must be the incorrect approach that why people failed in online business. I have been involved in online business for more than 10 years and I can tell you that I am able to earn an income that can pay for food and gas for my entire family, and I am still holding on to a full time job and keep most of my salary. Let me share with you my experience on how to make money online, particularly through joining various affiliate programs.

The easiest approach to starting an online business is to join various affiliate programs, because this business model is absolutely FREE. The basic requirement to join an affiliate program is that you must have a website to market the products. You earn a certain commission when any user purchases the product from your website. You do not have to manage payment and delivery of the products; all these are handled by the merchant. Most affiliate programs pay around 5 to 10 percent of the sales, which could generate good income if you can achieve economy of scale. This is particularly true for the pay-per-click programs like Google’s Adsense, if your website can generate hundreds or even thousands of clicks, you could earn four and five figure income per month.

The single most important factor in creating a successful online business with affiliate niche marketing is to have high website traffic, which means your website must have enough visitors to generate economy of scale. With many visitors, your sales with be substantial if you are involving in affiliate programs that sell products, and the number of clicks will be high if you are involving in pay-per-click programs. To be able to attract large of visitors, the key is Findability. You have to create a website that people can find you through the search engines, and your website should rank top in that niche market, preferably the top ten pages, because people do not usually turn to the second searched page. For example, I am running a tutorial site on visual basic, and my website ranks third when anyone search for Visual Basic in Google, and ranks first if they search for Visual Basic Tutorial.

There are many ways to drive traffic to your website. However, the most important way to attract many visitors is to design a good website with rich and good contents. This means that your website must be able to provide rich and useful information pertaining to the particular niche market. Also bear in mind that plagiarism is not a good way to enrich your contents, it is better to have original ideas and write-up, because readers usually prefer original contents. Remember to update your website regularly to attract repeat visitors as people usually get bored with old contents. I update my site weekly with the help of a blog. Another way to drive traffic to your website is to market it through various channels. You can participate in online forums that discuss the topics in the same niche market, leave messages in other websites’ guestbook, and join discussion groups of the same topic and more. However, you have to do it covertly as overt advertising might be banned by some of the forums or discussion groups. There are also some technical ways to drive traffic to your website and improve your page rank, among them is to include important keywords in the meta Tag of your web pages. You must put in the keywords that you think people might use to search for your web site.

One last thing about creating a successful online business with affiliate niche marketing is to be selective about the companies that provide the affiliate programs. The company must be the top leader in the industry and have good reputation. For affiliate program, I chose Amazon.com simply because it is the largest online grocery store and it has very attractive products as well as good commission system. For pay-per-click program, I chose Google because it is the largest online advertising company and it has awesome software to manage the program. Do not choose a company that has bad reputation and relative unknown in the Internet, because people usually do not trust those companies. In a nutshell, you can make money online with affiliate niche marketing by creating a website with good, rich and updated contents make great effort to market it, and join a reputable affiliate programs.