Friday, January 2, 2009

Can I Make Money Online Selling Information?

Because of the financial crisis besetting the entire world, people are being laid off their jobs. Consequently, more and more people are looking into the possibility of setting up their own business at home and making money online. The only question for most is: how do I get started?

A good way to start is by selling information products.

If you have a passion or an interest you are particularly knowledgeable about, you could write an e-book on the subject, price your e-book at whatever value you place on it (well, to you it may seem invaluable - we know how authors are - but price it at the cost you think people will be willing to buy it), and sell it online. Now you may feel you don't have the skill to write a book. Not to worry. That's why there are ghost writers. (No, they're not actually ghosts, silly. They just act as if they are and vanish when they need to so that you can claim you wrote the book yourself.) You can hire some one to do the writing for you. What's that now? You don't have anything you're particularly knowledgeable about to write on? Okay. You can't write and, even if you could, you don't know what to write about. Lucky for you, all is not lost. You can purchase resale rights to a particular product - an e-book or what have you.

So now you have your product. You either wrote it, hired someone to write it, or just bought the rights to it. The next thing you should do is to sign up for one of PayPal's premier accounts. This won't cost you anything and it'll enable you to receive payments.

Step three. Register at Blogger for a free blog. Follow their instructions and, in a matter of minutes, you'll have your blog up for the whole world to see. Now you can write about and promote your e-book or whatever information product you've come up with on your new blog. You can endorse other products as well. Great! Now you have a store. Site + product(s) = store. So you're off and running.

Whoa there! One last thing. You need people to come into your online store. This is what is referred to as generating traffic. You can do this without having to spend any money. Join some free traffic exchanges. You can post a link to your website in these. You can also write articles with your link on it and publish these articles in sites such as EzineArticles.com. Remember always to insert your link. That way people can click in to your website.

So that's it. Simple, do-able steps to your way to making money online selling information or any other products.

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