All right, I am going to give you a basic solid foundation on how to potentially make a nice extra stream of income all online, no guarantees of course. This does require you to think a little, but the good part is you make all the decisions! There is no need for you to join some type of scam site, all you need is this legit information ;). I believe that one of the simplest and effective ways to make money online is by simply writing up your own information product or ebook and selling it through your own site.



Step 1 : Think of a solid business plan

Before you take off writing anything, you need to make your own business plan. You need to set both short term and long term goals and determine the proper accounting for your business. How much will it cost to start up, and how much do you currently have?

If you do not know html or have no clue about putting up a website then will you pay someone to do it for you? How much money are you predicting to make in the first six months? How will you raise the capital to start up with? Well, just to tell you, starting your own online business is very cheap compared to an offline one.

In matter of fact, all you need is about $1000 to start up. This may seem like a lot, but let's say that you invest $1000 in your business, and 6 months later netted in $100,000. I do not know about you but that seems like a darn good return on an investment. That is what I love about the internet?. you can start up for next to nothing and make tremendous returns on your investment. It would be very difficult to invest little money in an offline business and generate extreme returns. So, just to tell you, if you are new to the game then here is what your start up costs will most likely look like.

Start up costs

Asset One: Domain name/Hosting: An example of a domain name is google.com. An example of a hosting service is godaddy. This is where your website servers will be hosted at. It is like renting space for your website online, very similar to real estate.

Costs: Around $20-$30 per month.

Asset two: Website professional done: You can hire a good graphic designer on a freelance service and have them do your whole website for you in matter of days! The good news is it is very affordable.

Costs: Some will do your website for as low as $200-$300 USD.

Asset three: Autoresponder: You can get a good autoresponder for around $10.00 USD a month. This is critically important so that you can snatch visitors contact information that come to your website. Once you collect their information, you can keep in touch with them throughout the years. If they come on your site and leave then you will most likely not see those visitors ever again. So, always have a way to collect their information, and an autoresponder is a great way to go about this.

Costs: Around $10.00 per month.

Asset four: Advertising/marketing dollars: It is always a good idea to have money saved for your marketing/advertising campaign. Sometimes you will have to pay to drive traffic to your site. Traffic, is basically the count of individuals that come across your website. You will need targeted people to come so that they can check out what you are offering and hopefully purchase a thing or two.

Costs: Around $400-$500 USD for starters.

Asset five: Payment processor: the good news is, you can always use paypal, which is absolutely free! paypal.com. I cannot recommend this enough to starters you can make your website a virtual cash register simply by adding a ?buy right now? button on your website via paypal.

Costs: $0 per month.

These are the basic start up costs that I can think of. You could always use more, but this is what should get you through in the beginning. Once you start getting sales then you will need to properly reinvest back in your business in order to expand it more.

Step 2: Research your niche

Before you invest all of the time and money into developing a product, you had better make sure that people are looking for information about what your about to sell. How do you determine this? Simple, you play with the keywords in the search engines. Contrary to belief, you want to target niches that have a lot of competition in them. Where there is lots of competition for a niche that tells you that this niche is established. When a niche is established that tells you that you can dig your own hole in the area and make some money for yourself. The overture search tool has been giving me some problems recently and has been down quite a bit.

Once you find a good niche then you can get an idea on the type of product you want to sell. You should try to find your usp (unique selling proposition). If your niche is saturated, then what will make people want to purchase from you as compared to all of your other competitors. Does your website offer innovation, or is your product that remarkable, how are your prices? These are some crucial factors that you should keep note of when developing your product.

Step 3: Premarketing

This is a huge mistake that I made in the past so do not do it yourself. That was simply waiting to do all of the marketing once my product was finished. No,no.no. You should always be doing the marketing before your product is released so you can build brand awareness and anticipation about your product before it is out. Just think about it, have you ever saw a movie come out and then release their trailers? Of course not, they always have their trailers weeks, and months before it's officially out. You want to work on driving traffic to your website before its out, and capture the individuals names and emails so that they can be notified of your product once its out. Of course you should always work hard on generating traffic to your website once its out, but to get things rolling you should always build anticipation about your product before its live. Just look at a lot of showbiz believe it or not to see how they do their prerelease marketing, its very cleverly done.

Step 4: Follow through

Make sure to follow your business plan through! Before your website is done and has everything that it needs, you should try your hardest to stick with your business plan. Set money goals, and how much time that you plan to achieve them in. There is a high chance that things will not go 100% the way you attended it to, but try to bounce back and adjust once plans go off stray. Hurry up and get your first information product out there and written, the internet is a huge monetizing opportunity. Take care and the best of luck.