Tag Archives: make money online

How To Start Making Passive Income In 2011

passive income streams

Most of us probably have the same fantasy at some point in life. The dream is to earn cash without having to do much, or any, work at all. Even after 25 years in the plumbing business my father used to read the classified advertisements every day. When asked what he was looking for the response was always the same, “my thousand dollar a week job where I don’t have to do anything.” We all used to get a chuckle out of it, but the idea always stuck in my head.

Ways To Earn Passive Income

Investment Property – Buying investment property, even in our current housing market is a great idea. There are stories all over the world of people who simply buy up properties and then sell them, trying to make money on the resale. While this can be lucrative you have to have a lot of money at your disposal and put in a great deal of work to make it happen. But, if you actually buy properties up and hold on to them you can earn income without having to do all that extra work. If you were to buy one house that carried a mortgage of $1,000 you could probably rent it out for $1,300 per month. Right there you have already added $300 of income to your monthly budget. Of course, in the first few years you probably want to stash some of that money away for an emergency fund or to make repairs to the property, but after that it is gravy. You can even use it to pay down the mortgage faster so that you send less on interest charges. After a few years you could sell it and all get the full purchase price back as profit.

Using The Internet – There are loads of ways to earn income on the Internet. If you are ambitious you could start your own membership site. On it you provide valuable content for a specific area. Your members pay a fee to see that content, which becomes your profit. This can be a lot of work and you have to have some area in which you are an expert or you will wind up spending a lot of money buying content from others. Another way is to use Google AdWords to set up a Pay Per Click campaign. When web surfers click through the ads that you promote you make money. While it is not a lot of money per click, over time it can add up. This is an excellent way to add profit to a web site that you have already set up or will set up. If you have eBooks you have written or other intimate knowledge of a subject you can set up the site once and then sell the advertising space. Ebooks themselves are an excellent way to earn passive income. If you choose to sell the book online you can make easy cash for as long as you choose to sell it.

Software – Even if you do not consider yourself the most technically savvy person in the world you could create software. All that you really need is one good idea. For example, if you know how to train a dog because you have had dogs all of your life, you could build software that helps teach others how to train dogs. Broad topics are excellent because they can be sold to people all across the globe and tend to be timeless.

You probably have some of your own ideas about how to build passive income. Most of us come up with little ideas all the time that we think could make us the next Steve Jobs. The difference between us and them is that many of us do not follow through on those great ideas. With a full time job, a family, and loads of other responsibilities it is easy to see how those ideas can get left in the dust. Take action to make sure that this does not happen to you.

Make Your Passive Income Dream A Reality

Step One – Do not forget anything. Carry a notepad and paper with you all of the time so that you can write down your inspirations and ideas. The wildly popular and lucrative Harry Potter series started from an idea written on a napkin. You just never know when brilliance will strike so be prepared all the time.

Step Two – Try it. Try everything, even those ideas that you think sounds silly at second glance. If you have an idea for an eBook, sit down and try to write one. If you think you can make some money doing Pay Per Click ads, then give it a go. Even if you do not make loads of money at first you can learn a lot so that eventually the money will start flowing.

Step Three – Build a war chest. If you want to create a passive revenue stream you might need some seed money to do it. So even if you do not have your million dollar idea yet, save money as if you do. That way you will have the cash on hand whenever you are ready to get started.

Step Four – Do it every day. If you do not work on your ideas every day they will gather dust. Instead, take time out every single day to work on your ideas or to track the income streams you already have going. It does not have to be a lot of time every day, but enough to keep you focused on the goal of having long term passive income.

Imagine how great your life would be if your could take a few simple ideas and put them into action that can generate passive income. It is completely possible. While it might not start out as passive income within a short time you could be earning money for nothing.

Timothy Ng is an experienced personal finance writer, specialising in credit card comparison.

How to Open the Door to a Second Wave of Sales

Click. Creeeaaak!

That’s the sound of a subscriber opening your last marketing email – and opening a mental door to more information on that particular subject.

Then there’s that other sound: the silence. That’s a subscriber who didn’t open their door this time.

In one scenario, you got to share some information. In the other, you didn’t. But in both, you’re still standing on the doorstep. So what to do next?

Make the Most of Your Doorstep Status

In either case, if you shrug and walk away, you’ve given up. Stick around and follow up. Sending a second email based on who opened and who didn’t can prompt a second wave of purchases.

This is called behavioral targeting: responding to subscribers’ behavior to get more response from the list and promotions you already have in place. It’s so effective, 71% of our customers report that they plan to do more of it in upcoming months.

And it’s easy as 1-2-3 clicks. AWeber’s new QuickStats show you just who did and didn’t open each email. Follow up with each group with the steps outlined here.

Don’t Just Stand There – Go In!

Your marketing emails probably cover a myriad of topics. For example, if you own a restaurant, you might promote your menu, your wine selection and your catering service.

When you see people consistently open messages about one of these things, you’ve found your niche for that particular topic. Follow up with them!

Opens shown in QuickStats

  • If they’ve shown interest in a product you’re advertising, put together a compelling reason to purchase with a call to take the next step.
  • If they usually open the emails you send about a particular topic, go more in-depth. Provide helpful details, tell background stories.
  • Explain where you hope to take things, and ask questions. These are your interested customers. These are the people who know most about the topic and will have the most helpful feedback to give.

How to Knock at the Unopened Doors

Sometimes, it’s not anything you did. Your readers are swamped with work or on vacation or their lives have changed and they’re no longer interested.

And sometimes they just aren’t gripped by what they see in the inbox.

Unopens shown in QuickStats

So try again. Let a little time go by to make sure you aren’t sending into the same circumstances. Then change the way you present the content and resend it to just the people who didn’t open it.

Here are some suggestions for changing the presentation:

  • If your email is a newsletter that covers several topics, the one your subject line mentioned the first time might not be the most interesting to your readers. Choose a different subject as the primary content and change your subject line accordingly.
  • If your email covers just one topic, try changing the subject line. Think about what problem or question someone might have that your email answers, and highlight that.

If Knocking Doesn’t Work, Ring the Doorbell

You might notice that some of your subscribers haven’t opened a message in a long time. These are fatigued subscribers. They’ve checked out, but they haven’t left the building yet.

Ask them to stay by sending them emails designed for reactivation.

Knocking Around the Block

There are also messages you could send to follow up with subscribers who clicked (or didn’t click) on your links and who purchased (or didn’t purchase) from your emails. We’ll be talking about those in the next few weeks, so keep your eyes open!

Do you send messages to subscribers based on whether or not they opened previous emails? What do you send them?

Posted by Amanda Gagnon

Aweber Guest Blogger

CashBurners Affiliate Program – Sell Supplements and Sextoys

cashburners

Hi everyone. I’ve got another affiliate program for your consideration. This one is slightly different than what I typically get into. The CashBurners affiliate program is all about promoting supplements and adult toys, something that may not be everyone’s cup of tea, but then again everyone is different so to each his own.

Now let’s get into some details regarding this affiliate program. First off you should know that you will be promoting various supplements and adult toys (aka sextoys.) Some examples of the products you’ll earn a commission from are: Acai Berry weight loss, EZSLIM natural diet pills, Musclemax Xtreme (body building), Concieve (fertility enhancement), Hoodia (weight loss), Delay (anti premature ejaculation), and more.

I’m not so sure about the efficacy of some of the sexual enhancement products as I haven’t tried any myself, but I do know that hoodia and some of the weight loss products do work. Hoodia especially is a quite popular weigh loss supplement that works for me. The great thing about this affiliate program is that you have a wide variety of products that you can promote so you can pick and choose what you think will sell best or optionally go for a “promote everything” strategy.

For each of the products you can promote they give you website templates you can download and put on your own domains. I personally think this is the best method of making the best of this affiliate program. Get a good domain if you can find one and download their site templates, upload them, and off you go! Send some qualified and targetted traffic and wait for the money to roll in.

Commission level:

For your effort as an affiliate CashBurners will give you a 40% commission, which in my humble opinion is very generous. On a few product offerings you can earn a 50% commission. The products offering 50% commission are listed on the affiliate members page under the “Bonus” heading.

How do I get paid?:

Once you earn some commissions the fun part of getting your money can be accomplished via the following payout methods:

Bank transfer, Entropay, AlertPay, Payoneer, and last but not least PayPal (my preferred method)

Does it work? Will I make money?

Honestly I can’t give you a definitive answer as I just signed up for this affiliate program a few hours ago. I will be giving it a good effort so no doubt later on I will report whether I’ve had success with it or not. CashBurners veterans are more than welcome to chime in and let me and everyone know how their experience with this affiliate program went. You can alternatively post on a forum thread I’ve created. Here is the link:

http://www.moneyguruforum.com/cashburners-affiliate-program-sell-supplements-and-sextoys-t38641.html

Ok, I think that’s all I can reasonably say about this affiliate program given the limited experience I have with it. I will keep you all up-to-date as always. In the meantime if you wish to find out more or to join the CashBurners affiliate program, please see this link:

http://cashburners.com/?id=moneyguru

Until next time, I wish you all the best of luck with all your ventures!

Cheers,

Alan

P.S. One more thing, please be careful not to put any AdSense ads on the site(s) you use to promote products from this affiliate program. Google does NOT want this sort of stuff, so do NOT do it or Google will most likely suspend your AdSense account. Just thought I’d warn you!

How to Turn Blog Readers into Loyal Customers

Written by: Nathan Hangen, Guest Blogger

If you’re a blogger who’s thought about creating and selling your own product, you’ve probably heard that in order to make sales you need to get a lot of traffic. What I’ve learned, though, is that there’s a difference between getting a lot of traffic and getting valuable traffic. There’s even a difference between getting a lot of valuable traffic and getting a lot of paying customers.

For some reason, people automatically assume that if you build up your traffic, via comments, email, social media, etc., you will automatically start seeing your bills get paid and your bank account grow.

I wish!

The truth is that converting traffic into customers is a lot more difficult than it seems, especially if you don’t have a solid product to offer up to that traffic. The following steps will help you develop and launch your first product, while keeping your readers happy.

Step 1: What are You Selling?

Sure, you need traffic in order to sell stuff, but how are you going to sell anything unless you have a good product?

You’re going to have a hard time converting traffic into sales if all you’re offering is a “me-too” ebook or the same PLR content as everyone else. Make sure you take the time to develop a product that can really solve problems and offer practical advice to your readers.

Step 2: Identify Your Market

Technically, you should do this part first, but as I’ve learned over the past few years, you sometimes won’t know your market until you’ve tried to sell something and failed.

I’ve had a lot of failed products, but instead of just quitting and closing up shop, I’ve learned to re-evaluate and adjust based on what I learned from my mistakes.

My Experience

For instance, when I had the idea to write Beyond Blogging (co-authored with Mike Cliffe-Jones), I didn’t have an audience in mind; I just had a general product concept.

From there, though, I spent time sending surveys and talking with my readers on Twitter and in my blog comments. This isn’t something you can skip—you have to really get in the trenches and hang out with your audience.

In doing that, I learned what my audience wanted, which was a product that was inspirational, wasn’t a typical “how-to” blogging book, and had information and advice they could use right away. I used my research to create my product specifically for this group of people, instead of trying to make my book “everything for everyone.”

Step 3: Respect Your Audience

Some people are successful using “hit and run” sales tactics, but that’s not my style. Quite frankly, that shouldn’t be the style of any blogger that wants to build a long-term relationship with their audience. Blog audiences are fickle, and if they start feeling like your values aren’t in line with theirs, they’ll drop your blog in a heartbeat.

How To Build Relationships While Selling

Building relationships is easy, but it takes time and dedication. It starts in your comment section, by providing your readers with replies and feedback to their questions or concerns.

From there, you should make sure your email newsletter so that it provides maximum value to your readers. Keep in mind that value doesn’t always mean commercial-free content. Sometimes, value means relevant affiliate offers. People don’t mind this as long as you aren’t contacting them only when you have something to sell.

Finding the balance between selling and relationship building is tough, and will likely take some trial and error to get right. Some people will absolutely never want to be sold to, and it’s OK if you lose a few people as long as the vast majority of your audience sticks with you. If you get lots of feedback that people aren’t interested in what you’re selling, you might want to consider whether your product is really addressing the needs of your audience.

How I Sold to My Readers

When I started selling Beyond Blogging on my site, I spent a few weeks telling my subscribers and my blog readers that I was working on a really cool book.

I built up anticipation over time so that they not only knew it was coming, but so that I could pre-qualify them ahead of time.

Once the launch started, I gave my readers a head start to an early link and a discount code. They appreciated that I rewarded them for being a regular reader of my blog, reinforcing our relationship.

Although I sent reminders every few days until the end of the launch, I never acted desperate or forceful. Again, readers responded well to being treated like we had a valuable relationship, rather than just being targets for sales.

Lastly, I didn’t harass them or annoy them if they didn’t buy. When the launch was over, I simply added an email to my autoresponder sequence and went on with my blogging as usual.

If you spend all of your time promoting products, people are going to get tired of hearing from you. If you mix it up with good advice, you’re not only helping them, you’re creating a need and a desire to learn more. It’s like building blocks. You’ve got to build them up one level at a time.

The Results

When all was said and done, we sold 5 figures in the first 24 hours, and doubled that by the end of the launch. Our names were all over the blogosphere, and people were asking their favorite bloggers to do a review, without us having to prod them. That’s some true social proof.

From there, we’ve built a strong customer list that still wants to do business and is ready to learn more. Our next step is to use what we’ve learned to take them to the next level with a more advanced product, resulting in a second product with a built-in audience.

When it comes right down to it, you need traffic, but you also need to make sure you’re making something worth buying. Don’t go with big ideas—go with what people need. Once it’s ready, launch with as much hype as your audience can tolerate, while still maintaining the integrity of your relationships. After all, we’re building businesses here—not selling used cars!

What strategies have you used to turn your readers into customers? What mistakes have you made that you’ve learned from? Please share them in the comments!

About the Author

Nathan Hangen teaches people how to build digital empires, helps them rock through their workday, and works with small businesses to implement digital marketing campaigns.