The Only Requirement: A Paypal Account
Method 1: Selling an eBook
Selling information online is a a very profitable business model, and selling eBooks is the fastest and easiest way to get started in this segment.Choosing The Topic
First of all you need to identify a topic for your eBook. Ideally it should be something that will solve a problem people have. Here are some examples:
- Tips and tricks to make old PCs run faster.
- A list of foods that worsen or improve acne.
- Secrets to approach women and get more dates.
- A blueprint to ace job interviews.
Spend some time writing down a list of problems you have identified. After that evaluate which of them are related to your areas of expertise or interest, as this will make writing the eBook a much easier task. The graph below illustrates this concept.
Method 2: Affiliate Marketing
If researching and writing an eBook is not for you, you should consider affiliate marketing. You’ll basically be promoting the products of other companies, and they will pay you a commission for each sale or lead you refer to them.Deciding Between CPS and CPA
Affiliate marketing is divided into two main models: CPS and CPA.
CPS stands for cost-per-sale, and under this model you’ll earn a commission whenever a visitor you refer to the merchant’s website makes a purchase. CPS commissions range from $10 up to $100 or more.
CPA stands for cost-per-action, and under this model you’ll earn a commission whenever a visitor you refer to the merchant’s website perform a required action, such as completing a survey or submitting his email address. CPA commissions range from $0.50 up to $2.
Which model should you choose? It depends on your skills. If you are good at generating traffic, then the CPA model might work better for you, because conversion rates are naturally high with those offers, since the visitor will not need to spend any money.
If you are good with copywriting, on the other hand, the CPS model might work better. As long as you can convince people to buy, you won’t need as much traffic to make a decent amount of money.
Method 3: Freelance Writing
If you like to write, freelance writing could be the ideal way to make some money fast on the Internet.Freelance Marketplaces
Your first stop should be the three large freelance marketplaces: eLance, Freelancer.com and Guru.com. Just sign-up for an account (which is free) and you’ll be able to bid on job requests.
There are all sorts of writing jobs in these marketplaces, including article writing, copywriting, article rewriting and editing, technical writing, researching and so on. You’ll need to start in the low end of the pay scale (e.g., $5 or $10 per 400-word article), but once you get some loyal clients your earnings will increase.
Method 4: Selling Stuff on eBay
eBay is the largest online marketplace. It started as an auction website, but some years ago it introduced the “Buy It Now” feature, enabling sellers to sell their items for a fixed price. If you are willing to manage product listings and to ship stuff around the world, eBay could be the right place to make some quick money.Selling Your Own Stuff
The first thing you could try to sell on eBay is the stuff hanging around your house that you are not using anymore. Examples include furniture, computers, gadgets, collections and so on.
The auction model might be more suitable to sell this kind of items, as you are not sure how much they are worth.
Buying Stuff to Sell
If you want to take your eBay business to the next level you could start buying stuff to re-sell on eBay. First of all you need to choose a product category you want to work with (e.g., mobile phones or pet supplies). After that you’ll need to find a wholesaler in your region, where you’ll be able to buy the items in bulk for a discounted price.
Then you’ll just need to setup the listings for each item you are selling. The “Buy It Now” model might work better here, because it allows you to sell faster and with a defined profit margin. You can always try both models and see which one works better, too.
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