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General techniques for making money (passive income) on the internet?

by johnthed
14 replies
Hi,

I am very new, and I want to try making money (passive income) on the internet.
But I want to pick a general technique to focus my energy on.

So far, I know about:
  • Write an ebook, and sell it.
  • Make a popular webpage, and sell the site on flippa.com.
  • Affiliate marketing: Promote someone else's product.
What are there other general categories of techniques for making money on the internet?
#general #income #internet #making #money #passive #techniques
  • Profile picture of the author DogScout
    1 or 2

    I know not the question, but as a rule I don't pay very good attention
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  • Profile picture of the author brandonwinters
    You might give article marketing a try also.
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    Breakthrough to Brilliant Living by Mastering the Ways of the Mindset Millionaire
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  • Profile picture of the author Joe Benjamin
    A common question, and one which you will find
    many answers to already in the forum (so I won't
    go into detail what you can do)...but I can tell
    you from personal experience...

    Building a list should be the number one goal of
    ANY entrepreneur (online OR off), and the most
    successful entreprenerus are those who have
    names, emails, addresses, and contacts.

    Learn more about how to build a list before any
    thing else. That's where the passive (residual)
    income lies.

    Other than that, try using the "search" button
    on the top right corner of this forum
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    • Profile picture of the author Matthew Duggan
      Originally Posted by WhoIsBenjamin View Post


      Building a list should be the number one goal of
      ANY entrepreneur (online OR off), and the most
      successful entreprenerus are those who have
      names, emails, addresses, and contacts.
      Agreed.

      This is very powerful as you're not having to constantly find people who want to buy. You've already got a list of potential or actual customers.

      One thing I would add to Benjamin's point is that you may want to focus on building a list of buyers rather than a list of potential buyers (also known as freebie seekers). I would much rather have a list of 200 people who are buyers rather than 20,000 freebie seekers.

      One of the best ways to create this type of list is to do a low priced WSO (Warrior Special Offer). It sounds counter-intuitive, but focus on giving them a lot of great value for, say, $7 (rather than focusing on the money you can make).

      As my friend AJ would say, let them feel like they're taking you for a ride.

      You'll get them onto your list as people who have bought from you already. As you give them more value, they'll trust you more and want to buy more from you.

      Hope that helps.
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      • Profile picture of the author Matthew Duggan
        Oh, one last thing I forgot:

        Be very wary of the idea of a 'passive income'. Don't confuse this with an 'easy' income or a 'do nothing and still earn shedloads' income.

        Internet Marketing is a lot more straightforward than most jobs, but it does require you to learn a lot and take massive action to make it work consistently.

        That said, you can put in consistent effort over time and have a million dollar business in a lot less time than you think.

        Enjoy the ride!
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    • Profile picture of the author KathleenGageSpeaks
      Originally Posted by WhoIsBenjamin View Post

      Building a list should be the number one goal of
      ANY entrepreneur (online OR off), and the most
      successful entreprenerus are those who have
      names, emails, addresses, and contacts.

      Learn more about how to build a list before any
      thing else. That's where the passive (residual)
      income lies.
      I completely agree with this. It has been said, "the gold is in the list." So true, so true. You can have the greatest product or service but without people who are interested in it, makes no difference.

      Building a list of targeted buyers is one of the best ways to make money online.

      First, identify your market.
      Determine where they "hang out" - what forums, what social networks, etc.
      Write articles tied into the area you are focusing on with your products and services
      Blog
      Guest blog
      Develop "ethical bribes"
      Drive traffic to the landing page for the ethical bribes
      Create ongoing value for your opt in subscribers
      Start with a low risk product - it's difficult to have buyers jump into a high priced product or service until you have gained their trust.
      Be a resource before you are a vendor
      Enjoy
      Manage frustration
      Be consistent
      Stick with it
      Hang out with the winners

      The Internet is an amazing way to make a great living, but as has been said, it does take work. Anyone who says you don't have to work at this is blowing smoke and should be avoided.

      Listen to those who have "been there, done that"

      Good luck.
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      • Profile picture of the author PaulaC
        For someone new to making money online, bum marketing techniques are usually a good way to start. They don't require much investment and pretty much anyone can do them. Just Google 'bum marketing' for more info.
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  • Profile picture of the author cashcow
    I don't think that making a site and selling it on Flippa is passive income. Once you sell the site, you have to make another one to get more income.

    I think either the first or third option would be better for passive income - assuming that you want the income to keep coming in (that's what I think of when I think passive - do the work once and then receive the income for years later)

    However, I think more that either of those, you have to have a long range plan for sustainable passive income.

    Building a list is a good way to do that but you also have to build a list around something where you can sell people new stuff again and again. That's why weight loss is so popular because people will buy weight loss product after weight loss product after weight loss product (and still never lose any weight).

    On the other hand, I would think something like yeast infection or penis enlargement wouldn't be ideal for long term passive income because once their infection is cleared up or their penises are large what more could you sell them?

    Just my thoughts, I actually haven't tested those two markets so I could be way off on that!

    Lee
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    Gone Fishing
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  • Profile picture of the author graemewallis
    Banned
    If you have little or no money to invest. You can do surveys and ptc (paid to click). Both are free to join.
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  • Profile picture of the author chrislreeb
    You are right about focusing. Do not spread yourself too thin. Find something that you can be passionate about and stick with it.
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    • Profile picture of the author davidjames42973
      First things first, begin building a list. Every successful internet marketer that I know has a good list of people to sell to. Those are the people you hear about making over $10,000 a month.

      If I had a time machine, I would go back to my first day of internet marketing and started building a list...
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  • Profile picture of the author JosephCosgrave
    Something that messes a lot of people up in the beginning is information overload.

    They buy ten products and try ten things at once. They never divert enough energy to one project so they end up with 10 poorly performing streams of income.

    Pick one (list building or something else that has a proven track record) and stick with it for a good few months

    Joseph
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  • Profile picture of the author Darren Hodgson
    Try number 3, affiliate marketing, if you can find a good 'lifetime commision' they usually pay out every month for as long as the customer stays subscribed. Some subscriptions are better than others.

    I.E an info product may only last 3 or four months before there's not much more to be gained by staying subscribed and it is cancelled. A vitamin supplement may be used for years as you need to keep taking it to gain the benefit.

    I read somewhere that you'll get about 30% of purchasers continuing their subscription beyond the 1st month.

    These are generalisations and not to be taken as fact. Only a guide.
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  • Profile picture of the author Robert Brown
    Hi, I have 3 free ebooks at icashprofits.com that could really help you move forward in your future online! They talk about how to master your online videos, traffic and yahoo answers!

    you can grab them for free, just go to icashprofits.com

    I hope this helps!
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