I have always been wondering why so many people are skeptical about online money making. After much thought, I have decided to make a post for newbies on the steps to money making online. Whether you can succeed or not depends on your hard work. But, I can guarantee that you will make money if you follow the steps I outline below.
 

10 Step Online Money Making Guide

1. Setup Your Blog/Website:
First, You need to first start a blog/website. If you need a host, click here on my post about Smart Choice and Decision in Selecting Web hosting Company. If you don’t have money for hosting, get a job to earn that money 1st or stick with free servers such as freewebs.com or blogger.com.

2. Brain Storm Your Niche & Narrow it Down
You need to select a number of niche or topic that interest you. After selecting your niche of interest, you need to filter al the niches that you think is “Least” likely to earn you money. Honestly, I personally think teaching people to make money (like my blog) is already saturated. Since people know all the techniques you teach them, thus, unwilling to let you earn money through them, so I personally suggest you folks stay away from ” online money making” sorta niches. Some examples of good niches are beauty products, health products, clothes etc. Even this are very broad, try to further narrow down. You cannot beat the big guys in broadness & function, but you can bead them by focusing on specific niche.

3. Apply for Affiliate Programs, Widgets & Ads Programs
Sign up for affiliates from independent affiliate programs such as: Ebay, Shopping.com, amazon.com etc (search associateprograms.com for a huge list) “OR” from Affiliate Networks such as: Commission Junction, Linkshare, Shareasale, Shareresults, Performics, PepperjamNetwork, Zanox, Affiliatefuture, MoreNiche, WorldNiche, leadingedgecash, markethealth, Mr Bagg, paydotcom, ClickBank and etc. You can place ads on your site by signing up for Ads Newtorks that pay you for advertisements click on your site: Adbrite, Adster, Adsense, YPN, AdCenter, Bidvertisers, etc are all good networks. Lastly, Joined and Look out for cool money making widgets such as , chitika, Widgetbucks, Scratchback, etc

4. Maximize and Test Your Niche
Next, after selecting your niche. Think of the ways you can “maximize” your profit. How you monetize your site/blog really depends on what your niche is. Some things to bear in mind. You can generally earn money via the below 3 catgories: Affiliate marketing/Internet marketing, Advertisments clicks on your site, and lastly, widgets that are embedded affiliate links or shopping products. There are tonnes of companies that provide these opportunities. Some require you have some quality web content, so try to develop your website first before signing up for affiliate programs and etc. Otherwiese you will just end up getting rejected.
Once you have signed up for as many as possible. Test and try to see which converts the best for you. Meaning, which combination of Money Making Tools mentioned above make you the most money. I will take a month or 2 to find out. So be Patient

5. Focus on building a Specific Niche to Maximize Profit
Once you have found out which combination of tools & which niche works best for you, “Focus on it” Do not overload yourself with so many things. Otherwise you will be spending your energy dealing and filtering information, rather than working on what is already making you money. Staying focus is really important at this point.

6. Updates Website/Blog Regularly and write using Smart Keywords
Update your site regulary an keep up with what’s new in the Online Money Making community. Join Forums and Social networks related on Online Money Making. Also do necessary keyword research to help you research on the market demand and competition.

7. Article Marketing to Increase SEO
Article Marketing is Really important to increase your website’s ranking organically. The key here is SEO. Search Engine Optimization. The important aspect is to write articles with links that link to your website. You submit these Keyword rich articles to article directories like: ezinearticles.com, amazines.com, articledashboard.com etc. You are essentially leveraging the popularity of these websites to help promote your website. When someone read the article, they will click on the link that links to your page.

Even if they don’t click on the link to your site(for whatever reason), it also serves as a quality back link that can increase your website’s SEO.

8. Sign up and Setup Autoresponders for Residual Income
Sign up for auto responder. Expecially important if you are doing Internet marketing. You need to have a system set up for you to keep track of people who have signed up for your newsletter. Aweber have an excellent autorepsonding service. Check it out and it is by far the besting working autoresponder on the net. Make sure you send your subscribers advertisements so you can make money out of them and also it is important to give them quality products and not junks. This might anger them and make them unsubscribe from you.

9. Continue to Build Content & Improve Earnings
Build content and promote your site via PPC (adwords, Yahoo PPC etc), submit url to Search Engines, directories and do appropriate SEO to make your site rank higher organically. Constantly visit Online money making forums like digital point, sitepoint, abestweb. Never stop improving yourself and try to earn more than what you are earning.

10. Invest in More Lucrative Money Making Opportunities
This is ultimately where Online Money making will lead us. Invest on something more innovative either by creating a product or invest in huge online projects that has poetential to generate income. It can be applications, scripts, softwares, networks etc. You have to keep yourslef updated and be in the loop.

I hope this entry is very useful to people who are just starting internet business or even experts who might need to take a step back and re-focus on what they have gone through so far. I sincerely wish you all the best in your coming online business.

Leave me a feedback if you find this entry useful.