Friday, February 13, 2009

5,Second Life Businesses

There are almost unlimited ways to start a business in Second Life. Below are the four of the most popular.

Real Estate.

This is where the real money is made in Second Life. People in Second Life are looking for somewhere for the avaitar to sleep when they go to bed! Seriously though Second Life gives people the chance to own or rent property that they could never afford in real life. As in Real life there two options

Rent property.

This involves buying land and putting property on it (if you’re good at building you can do this yourself, pay someone to build it for you or what most do is buy off the shelf properties). Obviously you have to make sure that you charge your tenants more than Linden labs charges you for the land fee (this is the monthly fee Linden charges landowners based on size of land). This can be quite profitable and the cost of land in Second Life is going up as demand is outstripping supply so if you want to get out after a period of time you should be able to sell the land at a profit.

Sell Land.

You can buy land and sell it with or without property. Quite often people will buy the land and sell it at around cost. They will make money by charging extra on the month tier fee (as Linden still see this as your ownership so will charge you – you in turn will have a contact with the buyer who says that you they will pay monthly land fees say plus 10%. They can sell the land at anytime to who ever as long as the new buyer picks of the contract) If you have enough money one of the best ways to do this is to buy an island at a cost of US$1,675 (plus there will be US$295 land fees) and split the island into lots of smaller plots selling for a total of US$1,675 but charging a overall monthly land fees of US$500. People will buy these plots as they can only afford to buy small plots. If you make the island beautiful as well its bound to attract people who want to set up home in Second Life. Don’t worry if you can’t afford a whole island find a nice piece of land at a cheaper price and do the same thing.

4,Sell Your Pictures to Stock Photography Websites to make Money Online

The Internet has created a way for anyone with a digital camera to make money by uploading pictures to Stock Photography websites.

The definition of Stock Photography is: Images that are not photographed for a specific client or use, but are catalogued for review and selection by someone who may have a use for the image.

Stock photography is a cost-effective method for businesses to obtain professional photos without the costs of hiring a photographer directly. Basically you upload your photographs to the stock photography website for free and then if businesses that require pictures for their publications (both online and offline) purchase them you get a commission. Each photograph can be purchased an infinite number of times so one picture can make you multiple commission.



Photographs that sell well on Stock Photography Websites

The things that sell well on these sites are famous landmarks so if you live in a city take pictures of its famous buildings, bridges and monuments. Even better would be if there is a stunning sunrise / sunset in the background or some strange weather condition to the area i.e. the Golden Gate Bridge in the snow!

Special events will also be a big winner. Every New Years Eve there are fantastic firework displays around the world places like London’s Millennium Wheel, Paris’s Eiffel Tower and Sydney’s Harbour Bridge. Good pictures of these are bound to be in high demand.

Don’t dismay if you don’t live near a large famous city. There’s a massive demand for things like natural panoramas, wildlife etc. If you’re a keen photographer all you need is your camera and imagination to look for that picture with the “angle” that will make it stand out.

There is an ever growing number of these websites providing this service. The best way to find one relevant to you is Google “Stock Photography Sites”.

3,How to Make Money on ebay

Now I’m sure you’ve heard of the phenomenon that is ebay. This online service allows millions of people across the world to buy and sell goods in a giant online auction house.

Many people make money on ebay by selling unwanted items. Old CDs, games, toys etc. that are no longer wanted by one person are desired by another. That’s fundamentally why eBay has been such a success.

However some people have gone further and make a living by buying stuff (from flea markets, yard / garage sales) and selling it on ebay at a profit.


Some of the really clever people out there do this by buying stuff on ebay and selling it back on ebay for a profit!! This is called ebay arbitrage. For this to work you need an expertise in a genre enough to see when a product is worth a lot of money but isn’t attracting a lot of bid attention (usually due to poor presentation, marketing or being put in the wrong ebay category). Once purchased at (what you know) to be a bargain price you place it on ebay yourself. This time however you place it in the right category, present it superbly and market it successfully and make a great big profit.

Think you don’t have the expertise? You’d be surprised. Look on ebay and see what sort of things they sell. There’s bound to be something that you have a knowledge of through work or hobbies. With some research you’ll soon learn to spot a bargain in your area and as time goes on you’ll become more and more of an ‘ebay expert’ in your field and this is when the cash will start to role in.

What you will need to find is a reasonable niche. You won’t make much money if enter a highly popular and competitive field. The people who make good money from ebay are people who specialise in niche products where competition isn’t high.

It is estimated that 80,000 people make a living from ebay in the US alone!

2,How YOU can Make Money Online

People have made millions on the internet, people are making millions on the internet and people will continue to make millions on the internet. People start to work at home in their spare time then move on to start a small business sometimes earning enough from it to quit their jobs.

Through the internet thousands of people are earning themselves a few hundred extra dollars spending money a month, some are earning several hundred dollars a month and some earn enough to quit their 9 - 5 job and become their own boss working from home. More and more (and in many cases non technical) people like you are jumping on the bandwagon to make money online.

The great thing is that the internet is still growing and is still a long way off reaching maturity. Latest figures show that 939 million people have access to the internet (up 160% from 2000). That's a great market to have access too. However with a world population of 6500 million there's still a hell of long way for the market to grow! The industry is still in its infancy and now is a great time for you to grab a part of this cash cow.

This site will show you how to make money online. You don't need to be a technical whizzkid or a programmer. Some of the biggest online earners were like you full of ideas and enthusiasm but no or little technical knowledge.

So whether you're an internet novice wanting to make some extra cash in your spare time, an entrepreneur full of ideas but with little technical knowledge or a web master looking to drive traffic to your website and make serious money this website is your one-stop resource to how ANYONE can make money online.

1,How To How to Really Make Money on the Internet With an Amazon.com Affiliate Site

You've probably heard before a lot of hype about how much money you can make with affiliate programs. Maybe you've even set up a site yourself, only to find that after buying the domain, a few bucks a month in hosting, software or a web designer to design your site, etc., that the piddly affiliate fees hardly even covered your cost. Well, here's the hype-free way to really make money with an Amazon.com affiliate site. And it'll only take a day to make the site. The secret? Low cost, low effort.
Difficulty: Hard
Time Required: One day

Here's How:

  1. If you don't already know it, learn some basic HTML. You have to do this to keep your costs down and still get what you want. Even if the site is basically laid out for you, you're going to need to know how to insert images, create hyperlinks, and do some basic text formatting. Our HTML Guide offers a free 10-week HTML class and a great collection of beginning HTML tutorials. Get over any anxiety you have about this. Just do it. You'll thank me for it later.
  2. Decide on your topic. You're going to be doing product reviews and recommendations, so pick a topic that you enjoy and know something about. If you can't stay passionate about the topic, that will show, and it also won't hold your interest. Choose a narrow enough niche to be distinctive, e.g., bands from your city, left-handed guitarists, music for a certain kind of dancing, authors of a certain religion, books about arts & crafts, etc.
  3. Choose your domain name. Make it keyword-rich, not clever. Think how people will find your site in the search engines. Here are some ideas (all available when I first wrote this, though a cfew have been snatched up):
    Music: BandsFromTexas.com, BandOutOfBoston.com, SouthpawGuitarists.com, ClassicPsychedelia.com, Non-Stop-Hip-Hop.com, Merengue-Music.com
    Books: Mormon-Authors.com, Arts-and-Crafts-Books.com, Books-by-Stephen-King.com, ClassicBusinessBooks.com
    Others: Best-Baby-Toys.com, MomsMags.com, FelliniMovies.com
  4. Register your domain name. If you're not technically inclined at all, register your domain wherever you set up your hosting in step 5. Otherwise, you can save a few bucks by choosing a lower-cost provider. Not a big deal for one or two sites, but it can be for ten or twenty. I use GoDaddy, who have great domain management tools and are less than $10 a year. The least expensive I've found from a reputable source is 1&1, whose price is around $7 a year last I checked.
  5. Set up your web hosting. This is where most people get burned. For this kind of site, you do not need $10 a month web hosting! Our Online Business Guide has a list of Cheap Web Hosting for Under $10. Some are as little as $4 a month, with unlimited domains, i.e., you can run several sites like this on the same hosting package.
  6. Install blog software. "Blog, you say?" Yes. It will give your site all the structure you need, plus make it easy to quickly post new content. My pick is WordPress, which is open source (i.e., free), easy to install and use, and yet very powerful. Many hosts have a one-step installation process for it, or you can download it and follow their installation instructions.
  7. Make it pretty. One of the great things about WordPress is the huge variety of templates available for it -- they can completely change the look-and-feel. Our Weblogs Guide has a list of 5 Sites for Free Wordpress Themes, where you can find hundreds of free WordPress themes.
  8. Set up categories. Most blog software allows you to create sub-categories to help organize your entries. This will help visitors narrow in even more specifically on their interests. For example, BandsFromTexas.com might have one group of categories for genre — rock, country, blues, etc. — and another for city of origin — Austin, Dallas, Houston, San Antonio, etc.
  9. Sign up as an Amazon Associate. It's simple and free. Just visit Amazon and click on the Join Associates link at the bottom of the page (here's a direct link for your convenience). Your site should already have at least the basic setup done, even if you don't have any content there yet, as they'll review the site manually before approval.
  10. Create your blog posting bookmarks/links. There are two links that are going to be essential for you to make this easy. First is the blog posting link. In your blog software, on the posting page (see their instructions), at the bottom of the page there should be a "bookmarklet". Click on the link (and hold the mouse) and drag it up to your Links toolbar in your browser (assuming Internet Explorer), or your Favorites menu. This will allow you to blog a product with one mouse click.
  11. Create your Amazon Build-A-Link bookmark/link. This will make it easy to build the link with your affiliate ID built in. Log in to Associates Central, look in the left navigation sidebar, go to Build-A-Link, and under Static Links, find Individual Items. Click and drag this onto your Links toolbar or Favorites menu.
  12. Build your first link. Go to Amazon and log in with your Associates account. Find the product you want to review and use the Site Stripe (gray stripe at the top of the screen that you'll see when logged in as an Associate) to get your personalized link to the item. They also offer a variety of other options for creating links and banners.
  13. Blog your review. Now click on your blog posting link (Press It! by default in WordPress). If you're using WordPress, you should now see two pieces of link code in your posting form, the first one ending with "Associates Build-A-Link >< /a >". Delete through that point. The second part is a link to the product with your Amazon Associate ID built in. Now just write your product review, choose the appropriate categories for it, and hit Publish.
  14. Build out your site. Before you promote your site, you want to have some substantial content there. Write several product reviews. Have at least 2-3 in each category you've created. You may also want to make a categories for articles, news, and commentary about your topic. The more content your site has, the better. And the great thing is that while you're writing all this, the search engines are getting notified automatically, assuming you turned on the notifications mentioned in step 6.
  15. Promote your site. The best free way to do this is to communicate with other bloggers writing about similar topics, and to participate in online communities where your topic is discussed. See the Online Business Networking category for ideas, as well as the Internet Marketing category.

Tips:

  1. You have to learn some basic HTML and basic concepts about running a web site. It's just not that hard. If you have to rely on purchased software, you won't be able to get exactly what you want, you won't know what to do when things go wrong, and you'll end up spending money you don't need to. Spend the time to learn it. It will be well worth the investment.
  2. I slightly recommend music over books and other products, mainly because you can listen to the clips of an entire album in about 10 minutes and get a good enough feel for it (without buying it) to do a short review. If you have another topic that you're passionate about, great, but make sure you have a unique angle on the topic. People can get reviews about a lot of those consumer products anywhere. You need to give them a reason to come to your site.
  3. To pick up some extra pennies, sign up for Google AdSense. It probably won't generate a lot of revenue, but it's free to sign up and completely effortless to maintain.
  4. Set reasonable expectations for earnings. You've only invested $20. You're going to make 5% on most products. That means that you need to sell $400 worth of stuff to make back your investment. To make $20 an hour, what you write must generate $400 worth of purchases. You get credit for other purchases customers you send make while at Amazon besides just the product you linked to, so it's not as hard as it may sound. It won't make you rich, but it's not hard to be profitable, and it builds over time.