As you are learning to earn money online, it is important to find out about various money making methods that you can use. Even though you may not be planning to use a certain method right away, it is always a good thing to know about various ways to make cash. This is in case one of your previous money earners dries up, you would always have a backup strategy in place.

Creating your own product

If you’ve been into the online money making scene for a while, you have probably seen the names of various gurus come up, such as Frank Kern, Mike Filsaime, Jeff Walker and company. These people are without a doubt earning millions of dollars by selling something that a lot of people online are searching for: information.

Now, can you become as successful as them? Maybe, maybe not. But one thing that is true, it’s the fact that if you make significant efforts, you are likely to earn a decent amount of money by creating and selling your own informational products online. But first, don’t get sucked into all of the hype out there. Success in this industry doesn’t come overnight. Even the top names in internet marketing did not become rich the first time they have put something up for sale online.

The first thing that you would need is an idea for a product. Ask yourself, what are your areas of knowledge? And you don’t need to be a professional on the subject matter either. You simply need to have gained a level of knowledge on the subject matter that is above that of the average person. If you take a look at many of the info products out there today, they consist of little more than information that is either simply common sense or freely available online if one would spend a few hours searching for it. The info is simply neatly arranged and rewritten in a way to make it simpler to understand for the target audience.

You would also need a web site, payment system and sales page for your product. Notice those long sales letters, filled with underlined words, calls to action, bullet lists of how the product will help the customer, etc? You can easily find freely available or inexpensive templates for your sales page that will make it resemble that of the top gurus. Of course, the words on the sales page matter: they will basically say to the reader “You have a problem, and I have a solution for you.” The most professional sales pages are designed by professional copywriters who charge thousands of dollars for their services. At the beginning, you probably won’t be ready to put up such an investment on your first product. You should know, however, that there are freelancers out there who can write a decent sales copy and even customize your product’s complete web site for around $50 to $100.

Once everything is set up, now is the time to promote your product. There are various ways to do so, but one of the most effective one is to advertise by buying ad space on websites, blogs or forums that are related to your niche. For example, if you are selling a dog grooming guide, you could buy ad space on a dog related forum.

I’ve been following this guy for awhile called Mike Filsaime who is a very successful affiliate marketing expert who makes his money from online sales via a large network of websites he manages.

Mike started out as a general manager of an auto dealer before he decided to give this up to start his own online business to which he has built up to a multi million dollar business.

Mike is now an author, software developer, renowed speaker, personal coach, business consulant and an affiliate marketer.  Mike spend most of 2006 and 2007 as a speaker at many internet marketing conferences and has helped inspire many millions of people which is how he first become well recognised.  Although now adays he has retired from public speaking inorder to spend more time on his online businesses.

Mike made over 10 million sales between 2005 – 2007 and over 8 million dollars in sales in 2008.  He now expects to make near $10million in sales for 2009.

Mike first started out on his own and has now grown to a team of 36 staff all around the world helping manage his portfolio of successful websites.

His aim is to build up his business to a $100 million company which he isn’t far from doing at his very fast success he has made online.  From quitting his job as a general manager for an auto dealer he became an online millionaire within 3 years from affiliate marketing.

One of his greatest websites was the butterflymarketing.com which made $700,000.00 in sales in under 24 hours and went on to hit 1 million sales in under 5 days.

To start your own online affiliate marketing website business join our membership programme and we will show you how become a successful online marketer