How Web Entrepreneurs Make Money Online By Striking The Iron While It's Hot

Strike While The Iron Is Hot

The definition of an entrepreneur is someone who will take a risk to make a profit. Although the image that the description conjures up might give the impression that to be an entrepreneur you need to be somewhat shady, this is not necessarily so. In fact, shady characters tend to become shady so as to avoid the risk created by their initiatives, letting someone else take the fall for their misplaced bet, as it were. An entrepreneur spots the opportunity to make an honest buck and goes for it. If they fail, at least they go down swinging, while if they succeed they have done so on their own terms.

In a majority of cases, then, entrepreneurs become so by striking while the iron is hot. They recognise a trend or a demand and look at how they can supply that demand, how they can tap into that trend. Because so much money is on the Internet these days, a lot of the entrepreneurial spirit of our time is directed there too. A web entrepreneur recognizes that much of the money on the Internet comes from advertising, so to make money on the Internet it is useful to find a way of harnessing that advertising. This is something that takes a bit of knowledge of website building, but not necessarily a great deal of such knowledge. It is all about how to manipulate a situation to your advantage. It relies on the creation of a blog, or a website, that people will want to visit, and the placement of appropriate ad content on the pages of that site.

The most important thing is that the site is something that will carry traffic through it. This relies on it being on a relevant topic. The more “of its time” the topic is, the better – if it can be arranged around the time of a major sporting event, for example, you will be able to bring people in on the basis of that event, and when they click through your advertisements they will earn you money – particularly if they make a purchase as a result of that click. This may sound cynical – cashing in on an event in which you may not have an interest, but the key point is that the medium will reward a good website. The more people who stick around to read your site, the more clicks you will get and the more sales you will generate. Consequently, you will make more money if you write a better website.

If you know something about your subject, it will help. There are countless people who have tried to start websites to cash in on an event, thinking that it was guaranteed money – but aficionados of a topic will be quite discriminating in terms of sites, and if it insults their intelligence they will give yours a miss. You may discover that you have a talent for what you are doing. If that turns out to be the case, so much the better, as there is certainly money to be made from it

First Published: July 19, 2009 EntrepreneurJourney.com

How To Setup An International Business With An eBay And A PayPal Account

International Business – Not Just For The Big Guys

When you hear the words “international business”, it would be normal to think of the companies with billion-dollar turnovers who have offices and possibly production plants in many countries. This is indeed what many people think when they hear those words because, after all, that is largely what it used to mean. Any company which had the money to carry out such a level of International trading would be one of the big ones. However, this has changed, as so much has in the business world, due in no small part to the Internet. As a budding entrepreneur, one of your first thoughts should be “How do I give this an International angle?”. By doing that you can seriously increase your profit margins.

Whatever your business is, there is sure to be some way that you can dress it up for an International market. Indeed, there is a case to be made for the argument that smaller businesses can cater for a wider range of people (if not a larger number) because of the freedom that their independence brings. If you can make your service so personalized that it allows you to offer the same refined items to people from Abu Dhabi to Zurich, it will allow you to take advantage of the massive reach of the world wide web. Although not everybody has the Internet, there are few parts of the world where there is not some level of Internet service. Its importance in terms of transferring information has seen most governments pump lots of money into making Internet capability widespread.

Having an Internet business presence is really one of the simplest things on the world. On the most basic level all you really need is an eBay account. If you have a stock of items to sell, or you make things to order, then all you really need to do is list them on the site and set prices, either for auction or using the “Buy It Now” option. If you set up a PayPal account alongside this, then you can receive payment in any currency, allowing you to have a balance in dollars, pounds, euros, dirhams, pesos or any other currency you could name. You can transfer it into your national currency or leave it as it is – but costly money transferring charges can now be a thing of the past.

You do not need to be a faceless conglomerate to make your business viable on an International level. The more trading you do with people in other countries, the more you will understand what plays well in different markets. People are learning every day, and the world is genuinely becoming a smaller place in a figurative sense. Getting an international, online element sorted out could take your business from respectability to fully verifiable success – all you need to do is play it the right way. A little bit of research is all that you require. Then sit back and watch the money roll in, in whatever form it comes.

First Published: June 22, 2009 EntrepreneurJourney.com

What Is Affiliate Marketing?

Entrepreneurs and Affiliate Marketing

A great many of us spend time looking for ways to make a little bit more money. Whether it is because our current job doesn’t pay us enough, or because business is our job, the ideal situation for us would be to find a way of making money without actually doing anything. This is impossible, of course. Isn’t it? Well, to some extent it is, but there are ways of setting things up so that you can make money for yourself without ever having to do a great deal. It does require a bit of work up front, and a little bit of knowledge too, however, so it is not the fabled “money for nothing” situation for which many of us would give our eye teeth. It is as close as most of us will get, though.

The practice of affiliate marketing is becoming more and more popular for Internet savvy entrepreneurs who know enough about the vagaries of business to be able to harness the power of the web and make hundreds, even thousands of pounds without needing to do a great deal. It is actually a fairly simple practice, although there is some amount of corkscrew logic involved in getting to the stage where it is up and running, and paying money to you on a regular basis. There is also some amount of caution required, as the Internet is as riddled as any other marketplace with fraudsters and tricksters. Once you are in, though, you may be surprised by how much money you can actually make.

The idea of affiliate marketing is that businesses gain promotion from an individual or another business placing an advertisement for a product or service on their website. The mere placement of an advertisement, however eye-catching, is no guarantee of a profitable affiliation. The website on which it is placed does much of the work for the affiliate. If we say, for example, that the company looking to advertise is one which sells a range of sunglasses, beach towels and other holiday paraphernalia, the person looking to act as an affiliate would be well-served by setting up a travel blog or website. Therefore, visitors to their website will come to read about traveling and holidays, spot the advertisement and potentially click through to buy a parasol (for example).

As long as the affiliate marketer is aware of the way to do things – and this is usually agreed at the point of making an affiliation – they can earn commission from each customer who buys from the merchant’s website after clicking on “their” ad. The success of an affiliate marketing campaign depends on the marketer pre-selling, however subtly, a product which is then advertised on their site. It can be summed up as telling someone that they need something, and telling them where they can get it, without ever making the link explicit. You leave them to make that link themselves.

First Published: June 8, 2009 EntrepreneurJourney.com

Online Money Making Scams - Fact or Fiction

Beware Of Online Money Making Websites

Making one’s way in business is something that requires not only a lot of work on the part of an individual, but some amount of luck too. Starting out as an entrepreneur presents a series of challenges, and it is unsurprising that many businesses fail in their first year. Realistically, if a business is going to fail the that is as likely a time as any. Before you have really found your feet you may come up against some issues that, despite your best will, will prove insurmountable. And what really doesn’t help is the vast amount of supposed “help” that is out there for entrepreneurs, some of which is irrelevant to your own case, some of which is just plain lies.

Among the things that you need to look out for are websites that promise to make your business go through the roof in its first six months just by following some simple advice. While there are websites out there which will be of significant help to any potential entrepreneur, there are just as many – more, in fact – that will be as much use to you as a glass hammer. The latter can be recognized a lot more easily than the former. One thing to look out for is a site which is short on actual relevant detail. These sites are recognizable from the start. Most willhave bright, gaudy graphics, and grab your attention by highlighting seemingly random words and using highly informal language.

The individuals who has set up these website are doing their level best to get as many subscriptions as possible from interested or desperate customers by assaulting their senses and making broad hints while revealing nothing about themselves or their service. The sites have taken little time and cost only a small amount to set up, so from the moment they pick up even a small few subscribers they are already in credit – unlike their customers.

Sometimes you will be offered the chance to hear a talk from a “guru” who can give you the simple secret that guarantees business success. Being a successful entrepreneur is not about simple secrets, and business success is never guaranteed. Always look out for someone who goes out of their way to tell you what they think you want to hear. They may well even give you warnings like the ones in this post – but then they will ask you for money. You cannot buy business success from scratch, and anyone who promises that they can show you how to is simply selling a lie.

The information that will allow you to really build your business and make it profitable is a whole lot more mundane than some big flashy secret that needs to be advertised on a website that looks like it was designed by a room full of drunken chimps. It might even justifiably be called “boring”. The reason is that the people who are furnishing this information do not need to send up fireworks to distract from the holes in their logic – realizing as they do that there is a lot more long term future in giving people a formula that works.

First Published: May 26, 2009 EntrepreneurJourney.com

PayPal Is One Of The Most Powerful Forces In E-commerce

What Is PayPal?

The way the world is at present marks a quite significant change from how things were even ten years ago. Here is a little exercise to do with Internet surfing habits. When you got on the ‘net, chances are that you used Google to find pages – but did you use it as exclusively as you do now? When you were looking for fast, detailed information on any one of a range of subjects, if you were on the Internet ten years ago you certainly didn’t use Wikipedia. It wasn’t invented, even in its most basic form, until the turn of the century. And as for financial transactions, it’s almost certain that you were using credit card details, because PayPal was in its absolute infancy.

The list goes on. Only programmers of a certain level of ability were setting up websites of any real intricacy, and maintaining them. The word “blog” would have led someone to look at you with barely concealed fear for your mental health – although LiveJournal did exist and Blogger.com was on its way. The very concept of “blogging”, though, was a very niche market and idea up until the middle of this decade – but is now at the fingertips of thousands upon thousands of people. All of the above concepts, and others, have become common currency only in recent years but, now they are in vogue, they are immensely powerful and shape a lot of our working life and everyday lifestyle.

Business is never slow to react to a trend. In all honesty, if you want to see what will be on everyone’s minds, desks and t-shirts two years from now, it is well worth looking at what the business community are doing now. This requires some amount of judgement on your behalf as well, of course – not least because large sections of the business community are busily ramming documents into shredders, crying and booking flights to countries that have no extradition policy. But if the business world decides thatsomething will be big, it is worth getting on board, because the likelihood is that it will play a big part in all of our lives in time to come. Of the above Internet concepts, one of the most powerful is PayPal.

There are few of us who have not sat in front of a monitor preparing to send payment for a service or an item and thought “Do I really want to send my card details over the Internet?”. It’s safe, ninety-nine point nine (recurring) times out of a hundred, but there is always that little jag of doubt. But for the entrepreneur who wants to sell online, the joy of PayPal is that people have far fewer qualms about using it. It is tried and tested, efficient and speedy, and it is becoming accepted by more and more companies. As time goes on this is set to increase, and the people who use PayPal now will be in a stronger position than the late adopters, as they will know how to run an account efficiently.

First Published: May 11, 2009 EntrepreneurJourney.com