As paradoxical as it may seem, today is actually the best and the worst of times. With the threatening recession and impending layoffs, anyone would certainly be in a state of panic. But just like anything else, every cloud has a silver lining.
The Worldwide Web has continued to become more pervasive and it has spread its power on allowing you to earn those extra hundreds of dollars. You can actually sell others’ products online and earn hundreds from such an effort. With this, you will be hitting two birds with one stone as besides earning extra bucks, you’ll also be polishing your marketing skills in the process. So read this piece of writing so you will discover how a simple 10-minute period on the Internet could reward you with thousands of extra bucks.
The Internet advertising revenues last year (2007) practically reached $21.1 billion. This happened despite the economic decline that is said to have hit the world market. Wouldn’t this sizeable amount of money be appealing enough for you to join in the ride?
The best way to start is by posting advertisements in your websites, blogs and newsletters. Search for clients who will advertise on those virtual spaces. Alternately, make your blog interesting enough to differentiate it from among the others, drive traffic through it and encourage visitors to click on those advertisements.
Among the dollar-earning websites are Perez Hilton (entertainment and gossip), Go Fug Yourself (fashion) and BoingBoing (technology).
Make Use of Affiliate Marketing
This technique is considered to be the finest way to make money on the web. In simple terms, you get a cut for all products sold and for every instance visitors buy a client’s merchanise. You make money on both instances.
There is more money at stake here although you must be technically savvy. You also have to look out for ethical issues that often come with the lack of regulation in the industry.
On Retail Commerce
You may want to remember your theories in accounting and marketing as they are very helpul here. In essence, retail commerce involves the buying of products in wholesale, the taking care of inventory and the reselling of these merchandise. You’ll be competing with fellow e-commerce shops out there but because the Internet is pervasive, you can sell your merchandise given marketing skills, time and perseverance.
By adding in a few dollars to handle the shipping costs, you gain more profit. Still, what are shipping costs when you can sell more and earn more?
Compared to retail commerce, drop shipping is more popular because you do not have to shoulder inventory. You simply sell a supplier’s products to others, take the customers’ orders and their payments, and then send the transaction details and the agreed price for the products to the supplier.
You earn profit in drop shipping by charging your customers with a price that’s higher than that required by your supplier. In summary, this type of business lets you to operate a wholesale business minus the costs of shipping and inventory.
These four techniques are sure ways of making hundreds of dollars online. Now, get your laptop and start to cruise the Internet for web-based businesses that will drive away recession woes and job predicaments.