To make money online, you have to solve a problems and give someone a reason to do business with you. People will only pay your for the solution to their problem.
Before you look for a product or service to sell to your niche market, you should first discover what problems people want solved in your niche. When you evaluate the chance of success for an online business from this perspective, you will find that there are thousands of ways to make money online.
Next, you want to research your niche and identify the top problems that people in you niche want to solve. Then take each of these problems and ask yourself if someone would pay money to solve the problem.
Next, you should evaluate all the possible resources you have at your disposal to solve each of the 10 problems you uncovered.
Next, appraise your own skill set to see if you are a resource that someone in your niche would pay money to in order to solve their problem. Let's say that you have a vast knowledge or dogs, and that you are also a good writer. Would someone pay you to write about dogs? You might be able to earn a comfortable living working as a freelance writer out of your home.
Next, evaluate outside resources and see if you can find any that you could sell to your niche market. There are a number of websites that offer info product for affiliates to sell and you may find several that are perfect for your niche market. Two of the more popular websites that offer affiliate programs are ClickBank.com and PayDotCom.com.
As you evaluate different solutions, you need to ask yourself if you want to sell a physical product or an information product. We don't recommend that you sell physical products if you are new to online marketing. To be successful at marketing a physical product online, you need to possess a technical expertise that most online marketers don't possess.
On the other hand, information products are distributed by downloading them from the internet. Information products are the easiest to sell because you only have to send your prospect to the sales page of the product that you are marketing. With a physical product you have to create your own sales page, conduct all the market testing, which takes time away from marketing.
You might want to focus you marketing efforts on information products because they pay a higher commission than physical products. For example, physical products generally pay 3% - 10%, whereas, information products pay a 35% - 75% commission.
To summarize:
1. Find a market that interests you. 2. Find the top 10 problems that people in that niche want to solve. 3. Ask yourself this question: are they willing to pay to solve this problem? 4. If so, is there a product or service that you can sell them to solve their problem? 5. Next, send your traffic to the sales page so they can close the sale. 6. Collect your commissions on your sales. 7. Repeat the process in other niche markets.
You will discover when you apply this formula; there are a vast number of ways that you can make money online.
Randy Van Ittersum teaches people how to make money online by applying proven internet marketing strategies and tactics. You can get more free internet marketing strategies and tactics and learn how to build a successful online business at http://www.IMUgold.com/MakeMoneyOnline.
Article Source: http://EzineArticles.com/?expert=Randy_Van_Ittersum
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