Make
money online, 10 ways to do it Part 2
Go directly to Part
1
6: Become
a Web hosting reseller or Virtual ISP (Internet
Service Provider)
The concept is simple, sign up with a hosting company as a reseller. You then
sell on the web hosting at a profit. Its all very easy and most
good reseller accounts come with an online control panel to make it even simpler
to manage your own web hosting and set up your own packages. Take a look at Jumpline.com and
their reseller account. You can even build yourself a site here to begin marketing
your new web hosting company. Using a number of wizards that guide you through
a very simple process you can generate results that produce a professional looking
site. Most of all there's absolutely no need to learn HTML. You can try a demo
on the site.
If you like to get your hands dirty with a bit of coding but you haven't got
the design abilities of a good web designer, then you might like to take a look
at Template
Monster, here you can pickup a template for your new business that's more
designery (is that a word ?)and very professional.
A virtual ISP works in a similar
way to a Hosting reseller, an ISP company provides you with
the framework to provide your own branded ISP service, essentially
you offer Internet connection services, dial up and quite
possibly broadband. This usually works invisibly and to the
end user you are the ISP. Again, as for the hosting, the
best virtual ISP's offer an online control panel. Each year
in the US, more than 20 million new subscribers purchase
dial-up Internet service. Poor customer service ratings by
the largest ISP's account for approximately 30% of the overall
churn rate. This represents more than 75 million subscribers
who signed up for dial-up Internet Service with a new ISP
in 2002. That's a fair number of potential subscribers.
7: Develop
Software and sell it online
Ah, 'but I'm not a programmer' I hear you say.... more about
that in a second. If you use your computer regularly you will come across software
ideas all the time. For example wouldn't it be great if you could set up your
system to remind you of all the little jobs you need to do throughout the day
while your working. Something that played a sound or popped up a window as
a reminder. Little time saving and helpful applications to make life easier
for everybody, like this, are saleable.
So your not a programmer, hire one, there are
thousands of programmers out there all eager to work on your
project. Try www.elance.com or
more uk based www.freelancers.net. All
you need is the idea offer a solution to a problem
and you're guaranteed to have a saleable product.
8: Open
your own 'stockless' store and sell products utilising Drop
shipping
Sell a line of products without carrying stock ! Choose from Top Worldwide
recognized Brands ! in almost any market area and product range.
In simple terms, choose the products you'd like to sell, create your site or
even easier set up your auction store(see eBay No4 in Part
1 ),
take orders online, collect your cash and pass on your customers delivery details
to your drop shipper to complete the order. Essentially you don't carry any
stock, which means no big outlay on stock and warehousing, all your orders
are fulfilled by your chosen drop shipping company. You set the retail price
and pay the drop shipper the wholesale price.
For a more detailed breakdown of how this works, drop shipping resources and
the best directory online of US drop shipping companies visit Chris Malta's
site www.DropShipSource.com.
You can even download a free ebook explaining the whole setup process in detail.
Chris Malta uses this technique to run a number of successful businesses online.
This is more a US based option. Currently there
are no companies in the UK offering a drop shipping service.
But there's nothing to stop you using this opportunity to
sell to the US market, some drop shippers also ship internationally.
9: Professional
Competition entrant
Not as crazy as it sounds there are various promotions happening online
all the time. Win anything from a dvd to £1 million pounds. A
million pounds was recently won by a guy here in the UK. The great thing is
you don't need to search them out yourself, you guessed it there are sites
out there dedicated to listing all the competitions running online. More than
that there's also software available to help fill in the entry forms in one
click ! Take a look at roboform .
For competitions in the UK try The
prize finder you can even find sites willing to swap your competition winnings
or you could jump down to number 5 on this list and advertise your competition
wins on www.ebay.co.uk
10: Create
a high demand Newsletter/ezine
If you can provide in demand and industry leading information on a monthly,
bi-monthly or weekly basis, you can sell subscriptions to a newsletter. Delivered
via email it costs nothing but time to produce. In the same way as information
products you can focus your newsletter on just about any topic and find interested
subscribers. Although its always best to concentrate on some area you have
an interest yourself.
So, say you sell your subscription for a measly
$5 a month (just to make it easy here to do the math) and
you have 500 subscribers that represents $2500 per
month for a days work. Add to that the possibility
of selling advertising space in your newsletter and promoting
your affiliate programs and you have a very viable business.
You will need a website to attract subscribers
and the facility to take credit card subscriptions online.
You should also offer automated delivery of the first newsletter
when a subscriber has paid.
Conclusion
These are exciting times to be working with the Internet, with this technology
any individual or business has the potential to be an Internet pioneer. Any
serious businessman cannot afford to ignore the possibilities. Now is the
time for you to develop your online strategy. Before your competitor does.
Look at these statistics from a recent Forrester
Research report: Online spending grew from £5.5 billion
in 1998 to £32 billion in 2000! That's a staggering
580% increase! They also report that people newer to e-shopping
are making nine purchases per year, while those who've been
online for 5+ years are making 20 purchases a year.
Aug 1 2003: The U.K.’s 24/7 promotion
last month boosted online sales in the U.K by 208% over
the previous year.
July 28 2003: Online retail sales in
the U.S, grew 39% to $956 million for the week
ending July 20 from $688 million in the corresponding week
a year ago, comScore Networks Inc. reports.
June 23 2003: Uk population online as reported
by Computer Industry Almanac is 34.3 million from a population
of 59.8 million.
Mar 18 2003: Online travel sales in Western
Europe increased 53 percent during 2002, according to the
Centre for Regional and Tourism Research.
Mar 20 2003: Datamonitor predicts that over 41
million European households will be accessing
the Internet via high-speed broadband connections
by 2006.
Beyond this, IDC (the leading global provider
of technology forecasts and insights) reports that the number
of Internet users around the world is expected to
reach 943 million by 2005. The world population
online according to two reports for 2002 - 580 million (Nielsen//NetRatings),
655 million (ITU).
The Web is only going to increase in size and
the number of people online worldwide will increase along
with it. It isn't going away, for the wise business man the
time is now.
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