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hot topics2 300x231 Making Money OnlineI ran across what I thought was going to be a good topic by Jordan over at WPW, however like most things on the web it fizzled out before ever hitting a high note.

This isn’t an attack on Jordan, as a matter of fact had it not been for Jordan I wouldn’t be writing this now.

The name of his thread was the $3,000.00 per month Google AdSense project and he got the idea from the $30,000.00 per month Google AdSense project.

The $30,000.00 per month Google AdSense Project never made any money and was started by Collusion who stopped the project 2 months into it.

In April of 2009 Jordan was able to make $282.00 however at the start of the project in May of 2007 Jordan was making $520.00, seems to me after 2 years of not making money I’d been trying something different.

He’s managed to ignore just about every bit of advice he’s been given and continue to move forward, or backwards doing the same thing over and over and hoping for a different result.

I believe Jordan’s thread would have been a lot better had he tried new things as he went along. Other words, if something isn’t working try something different.

Jordan never tried anything new and as a result his income declined.

So…here’s my two cents.

If you are going to make money online you need to have a marketing plan laid out and you need to be willing to change directions at the drop of a hat. It’s like a really good Chess game or for that matter you could even compare it to going to war. After all it is war with the competition.

And like war we must have a plan that will take us step by step into the battle.

However, the biggest problem with trying to make money online is that most people give up before ever making any real money.

So…let’s start by addressing this problem.

What I don’t want to happen is to get started and give up a week later, because I haven’t made any money, so to keep this from happening I want be planning on making all my money from one site. It would be difficult to take a brand new affiliate site and get it to making $30,000.00 per month but it want be as hard to get a site doing $10.00 per month.

The idea is to associate each site with some type of current bill I’ve got. I would then say my water bill is $75.00 per month and this site selling pocket books is going to pay that bill every month. My goal is to then make that site do $75.00 per month.

I’ll take the $75.00 and divide it by 30 days to get my daily objective of $2.50 per day. Then I will take each item on the list and break it down into daily amounts as well.

When I am finished each item on my list will have a website associated with it.

It doesn’t matter how small the amount of money a website makes… that money can go towards paying off one of the monthly expenses.

We are not focusing on the amount of money the website makes, but rather on the expense the site is able to take care of.

Once I’ve gotten each site set up with an expense I’ll then determine how many sells that site needs to make in order to meet its obligation of paying that monthly expense. If a site makes $1.00 per sale and is covering a $30.00 expense then it needs to make a sale a day. However if the site is making $30.00 per sale and is covering a $30.00 expense then it only needs to make one sale per month.

Once I know how many sales I need to make every month I’ll then start figuring how much traffic I need to make a sale. Some affiliate sites will give me the conversion rates, if they don’t then I normally figure it at 2%, and that is a really bad conversion rate, it should convert a lot better then that.

If the site converts at 2%, and I want to make a sale per day then I need to send 50 unique visitors per day to the affiliate site. From here I need to know how many unique visitors I need to my site in order to send 50 to the affiliate site.

And of course that depends on my conversion rate. The higher my conversion rate… the fewer visitors I’ll need to reach my income goal.

I’ll go with the same 2% conversion to be on the safe side and so… I’ll need 2,500 unique visitors per day.

From here it’s just a matter of doing a little keyword research and picking the keywords that will bring in the amount of traffic I need, and then of course ranking the site for those keywords.

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Today is one of those days that I really don’t feel like having to do a lot of thinking. I want to relax a little and not have to spend all day trying to write about new ways of marketing or for that matter having to talk to 50 people throughout the day about marketing.

Affiliate marketing has a lot of downsides to it but then there are also a lot of upsides. One upside is that I don’t have to talk to or deal with any clients, the downside is that you have to work you butt of and hope the guy on the other end pays you when it’s all said and done but that’s about the same with everything we do.

After a little thought and very little sleep I’ve decided to spend this week on affiliate marketing.

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SEO ranking 300x225 Make Money with Google ImagesSince this is the first method I am writing about when it comes to ways of making money online I wanted something that was easy to do but at the same time would make money almost immediately.

I am sure this is not the easiest or fastest but it all seems to make sense to me, which is important for any project I take on.

Getting an image to rank is a lot easier then getting content to rank. The competition in Google images is a lot less than the competition for the main search.

Apart from that, most webmasters don’t even try to get traffic from the image search. You see there are a lot of problems with targeting images.

For example, someone looking to have their site optimized for the search engines is not going to look for that person in the image searches. So…ranking for images isn’t for everyone.

This other problem is that there are no tools to tell me what type of images people are searching for, so it’s all guess work.

When optimizing images about all you can do is;

•Keyword in the picture’s name
•Keyword in the image’s alt tag
•Keyword in the image’s title and description
•Keyword in the post
•Keyword in the title, description and tags of the page

Now…one of the most important parts of this method is naming the pictures.

We don’t want Britney Spears1, Britney Spears2, Britney Spears3 what we want is Britney Spears underwear, Britney Spears bikini, Britney Spears thongs, and so on and so on.

With the keyword Britney Spears bikini, we could possibly get traffic from the
search terms:

1) Britney Spears
2) Britney Spears bikini
3) Bikini

Now…think about this, if we upload 10 pictures for each post we make, for each actress we find, then we stand a chance for ranking each post for about 20 different keywords.

We are going to paste all our pictures as a thumbnail (150×150), next we are going to paste our affiliate code into the image, so when someone clicks on the image to blow it up they go to our affiliate site.

We will then sign up as an affiliate for some celebrity sites and start making money in that industry.

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traffic Why I Dont Like Affiliate MarketingI get a lot of emails from people who want to know how to make Money online and I understand how confusing and difficult it can be. I spend a lot of time writing and posting on forums and blogs, one of the reasons I do this is it helps me to think about what direction I want to be going in.

There are so many ways to make money online that it can be overwhelming. And I’ve made money from just about every way you can imagine.

I am going to explain why I don’t like affiliate marketing, yet I do have affiliate sites and I make money with those sites. Once I finish this post I will write and explain to you how great affiliate marketing is and how to make money doing it.

Seems a bit confusing, doesn’t it.

Here’s the thing.

I like affiliate marketing because it allows me to test marketing methods and make money online without having to directly deal with clients. However, there are a lot of downsides to affiliate marketing and it’s the reason I tell people it’s not the best place to start.

When doing affiliate marketing you are selling someone else’s product, you are relying on them to have a website that is able to convert the traffic. You can have the best site in the world but if the site you are sending them to is offline, not working properly or just flat out can’t convert the traffic then it’s all a waste of time. You are at the Mersey of someone else.

And once you make the sale you’ll normally have to wait 45 days to get paid for all your work. And a lot of companies will start changing the way they pay, and what they pay for once you start making serious money. I was making over $15,000.00 per month with one of my affiliate sites and the guy felt I was making too much.

He even asked me one day why someone in Colombia needed so much money. He tried everything he could to cut down the amount I was making, we finally parted ways.

But the real kicker is the backend sale. Most money is made on the backend. As an affiliate the second that customer makes the sale you lose them. They are now someone else’s client and you will have to keep working to find new ones.

The hardest part of making money is finding the new client the money is in keeping the old ones.

I hope that all makes sense and now I’ll move on to all the ways to make money online.

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twitter Making Money with TwitterMaking Money with Twitter

Awhile back I spent some time studying and trying to understand how people were making Money with twitter. You follow me and I’ll follow you, seemed like a big waste of time and it took me about 30 seconds to say screw that.

As I was playing around on twitter I came across http://search.twitter.com/ and at that moment I figured out how to market on Twitter. As a matter of fact I make money daily using Twitter.

I can search and find people looking for products I have for sale at this very moment.

For example, I can set up a twitter account and sign up to be an affiliate with a weight loss product. I then go to search.twitter and do a search for weight loss and use the – sign to let them know that I don’t want to see any websites included in the search results.

It looks something like this “?weight loss  –http”, I then look for people that have questions that the product I am an affiliate for might solve. I’ll then answer those people by hitting reply and of course dropping an affiliate link.

It’s actually quite addictive once you get started and becomes more addictive once you see people start buying your affiliate products.

Just another fun place to play.

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