4 New Income Streams To Your Online Business At No Extra Cost
No matter what you are earning now on the net, you should position your business/service to earn more, and at no extra cost or time to you.. Most of your high volume traffic will not ultimately be interested in any single offer.
Thus, to maximize revenue, diversify... Use the same method that today internet millionaires are using, and make huge profit, even when you dont have a product of your own.
You will need to follow the four simple but high-yielding steps below.
Step#1: Start with Google Adsense. Adsense ads are just like the Adwords Ads you see on the right-hand side of a Google result page... except that they are on your site.
Basically you place Google Adwords ads on your site(s), for every ad clicked, you get paid. Google Adsense is FREE, easy to join and implement, you don?t need to look for advertisers, it reduces your workloads, and ads automatically adjust for each page's content, you get higher credibility being a Google partner. And best of all you will have ongoing advertisers that will never run dry.
Experts after experts have all proclaimed Google Adsense to be the most exciting thing ever to happen to small business sites. Some visitors will click on your Google Ads, but you need to develop a mix of supplementary monetization models (build multiple stream of income) for bigger profit... at no extrta cost.!
Step#2: Use well-chosen Affiliate programs. This is a high reward/low risk website monetization option: no product development, no inventory, no shipping, etc. And it's free to join.
To reap huge benefits from affiliate programs you need to: * Develop best site concept/theme and select best related affiliate programs. Diversify your affiliate monetization.
* Take what you know, what you love (just anything, any topic), and turn it into a theme-based content site, to attract high targeted, interested precustomers and refer them to your affiliated merchants.
Through this you will generate higher click-through rates than straight advertising since you will recommend products in a contextually-relevant way.
Step#3: Build "finder relationship" with local businesses/ services.
There are millions of thriving local businesses who have no idea how to use the net. They will pay you for referrals.
You can link your site content to send visitors to specific businesses (offline businesses especially), earning referral or finders fee. Here's how it works: Your theme-based content attracts targeted visitors, then you recommend a business or service. You get paid for the lead or sale that results.
For example: As an infopreneur, you can provide a form for visitors to use to contact your favourite real estate agent and you earn thousands of dollars from villa sales and rentals. You will add thousands more when you add referrals to local boat charters, tour operators, inns etc...all on a pay-per-lead or pay-per-sale basis.
Step#4: Extend into new income-generating area. This will depend on your particular niche and business intentions. You may consider the following areas:
(1)E-goods: You can produce a software, ebook, e-photo etc, that contain info that people are willing to pay for.
(2)Service Oriented businesses: Offer a service related to your niche: book indexing,personal training, hoteling, etc. You can build a local or global client base.,
(3)Hardgoods:You can create or sell your own goods, or sell as an affiliate or put up your own store.
(4) SOHO'S/NOHO'S: You can run a full business from home, full time or part-time.
(5)Network marketing: Build your site that attract and presold warm leads to call you all day long.
(6)Ebay/online Auction:You can put ebay to work for you,auction products on the net.
(7)Web professionals:You can be a webmaster that builds professional sites that can generate traffic for clients., etc.
The bottom line: Your monetization mix should include at least two of the above models. Putting all your eggs in one basket is a high risk strategy. By diversifying, your revenues increase, your business is more stable and you are in charge of your business destiny.
About the Author: TopeNelson Ola has shown hundreds of online businesses how to use these simple techniques to make multiple streams of income successfuly. Click here to find out more: http://www.myss.net/multipleprofit.html