Earn money on internet - 2

Continuing with our earlier part 1 ...

Sell products or information

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Selling a product, service or information is the best way to make money on the Internet. Customers pay you for a product or information. You can sell information-based products such as books, courses, kits, e-books, business research tools, and databases. Commercial products, on the other hand, can range from baskets, beads, handicrafts, toys, wine and liquor, electronic products from all over the world. The range of products that you can offer on the Internet is just incredibly wide.You can also sell custom-made items or products you yourself manufactured, selling them directly on the Web without the wholesalers or retailers. As the manufacturer, the Web can enable you to reach your buyers directly, allowing you to set prices that are more competitive as you eliminate middlemen. You can also appoint dealers or what is called "affiliates" in the Internet and give out generous commissions for reasonable sales volumes. Your knowledge and understanding of your customers will also enable you to provide better customer service.Having your own products to sell is the best strategy for making money on the Internet. You will not be thoroughly dependent on your traffic, as compared to businesses that rely on advertising for their revenues. Traffic is less valuable for e-commerce plays because revenue is more essential. The important question is "how much sales did I make today?" and not so much as "how many people visited my site today?" Although, of course, the next important consideration is: 'how much will they pay to keep it?'" In other words, will they keep coming back for more? The success of your site will depend on how well you are able to convert your traffic to sales, and how much of your customers will become repeat clients.

Sell advertising and ad products

The advertising model is a common business model on the Internet employed by both generalized and niche portals. Sites such as Yahoo and Blue Mountain make their living primarily by selling advertising.To earn money through online advertising, your web site must provide content (usually, but not necessarily, for free) and services (like e-mail, chat, forums). You may offer free services such as collection of scripts or even web hosting. Advertisers then pay to reach your audience, with their advertising messages often presented in the form of banner ads. The banner ads will then be the major or sole source of your revenue.However, the advertising model only works when the volume of viewer traffic is either large or highly specialized. If your site attracts a specialized market, such as home owners, new parents or home-based entrepreneurs, it can be highly sought after as a venue for certain advertisers who are willing to pay a premium to reach that particular audience. Nonetheless, the quality of your traffic is still essential.Therefore, if you are going to pursue this revenue model, be sure that you can convince potential advertisers that have a solid customer base and that you can indeed reach your market. Advertisers may require a minimum number of page views that your site can deliver.

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We will continue and check out other options in part 3 ...