Part 2 ‐ How to Make Money
5.0 3 Basic Methods to Make Money Online
You can make money online through several methods.
They are:
- Create a website and sell something physical; - Create a website and sell something digital; - Create a website and put advertising on it and get a cut of the advertising.
5.1. Create a website and sell something physical You DON’T want to do this because you will actually have to ship things. This takes effort and you can’t ship things in your sleep.
5.2. Create a website and put advertising on it and get a cut of the advertising This IS also an option because you can get paid reasonably well for advertising other people’s products and all you need to do is get the traffic. More about that later.
5.3. Create a website and sell something digital This IS an option because once you have a digital product to sell; you can simply keep selling it over and over again. You can sell your own product or someone else's product. There are thousands to choose from.
5.4. Create a website, create a digital item and sell it using affiliates This IS an option because once you have a digital product to sell; you can simply keep selling it over and over again.
So the last two options are the options you want to attempt. Basically they all involve similar things.
- Set up your own website; - Get website traffic; - Monetize it; - Wake up in the morning to check your bank account.
You can start with item 5.3 and then move to item 5.4 once you have refined your product and know that it sells well and has a low refund rate.
There are plenty of people out there promoting other ways to sell your digital product like Amazon for example.
However - why would you want to do this?
Whatever happened to exclusivity?
You want to create a high demand in one place so that people are forced to buy from you. It doesn't make sense to discount your product by offering it in other places.
If you have a quality product - and it must be high quality, then people will pay the asking price.
5.5. Rules To Remember
Create a Website Under Your Full Control
Make Your Product Exclusive

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