Making Money Online
Target $20k per month – Revising the Aim a little
It seems some people have a notion that people who have truckloads of money has got the Right to be right. Rest of the people who don’t have enough money or earn enough money are not worth even talking to/about. Moreover according to them, the only worthwhile stuff to do on earth is to make money, by hook or by crook. It doesn’t matter to them how the money is earned and they don’t bother to think that anything else apart from earning money may also be a worthwhile way to live life. For them , Musicians,Painters or anybody else who is more busy pursuing his interests are just wasting their time if they don’t run after money. I for one , for the time being, is sitting on the side where I pursue my interests without bothering much about the money factor. But if I say at this stage that money isn’t the most important thing in life, it wouldn’t be completely truth since I don’t know exactly what it means to have truckloads of money. So I am shifting my gear for the time being and have made an aim to have some good chunks of money so that I can feel what it really means to be sitting on pile of money. I have revised my goal of reaching $20k in pm income in few years to 1 year. Yeah, $20k pm in a single year. As I have no idea how I will be reaching my goal though, I will try to follow a person (Ben) who is making something around $2-3k pm. Ben started with make money online field after reading from Griz’s Blog and I will be following Ben to reach my own goal. So starting from Independence Day, I am going to work towards making $20k in a month a reality. I wish that someone who is very closer to me can also be a part of this goal, but I think that that special one has to wait for some time. Atleast until I reach $2k pm range.
Making Money Online With Hubs
First of all I am really sorry if few of the post written here doesn’t make much sense. The thing is right now I am quite busy with lot of stuff and it is not possible to write a coherent article. So what I am going to do is just put up a fast written article and when time permits I will modify it to make it more readable.
Recently I have started reading a blog by Ben called Make Money Online with SEO. Ben has started with the 100 hubs in a month challenge but midway upped his ante and started with 200 hubs in a month. He has chronicled his journey on his blog and reading it from start to finish I am also tempted to start with such an activity. Ben is claiming that he has started making more than $1k through adsense income which is quite good for an activity started 2 months back. As such I will be making 200 hubs this month and I would be happy if I just make 10th of it. So please don’t mind the quality of post on this blog for time being as I prepare myself to write about varied topics. I will be posting my results for the 200 hubs experiment here. Wish me Good Luck.
Auto Content Services – Opengarage Idea – $3000 pm potential
As more and more people come to know about making money through niche blogs or sites, the need for quality content will increase. As such I think we should concentrate on providing such services. AMA already provides a way to post your content on multiple blogs through XML-RPC but I think it can be taken one step forward by providing the content itself. Actually it is kind of reverse AMA. AMA expects you to write your own content and then allows you to publish your article across various blogs which has joined it to get some free content. But here we will be providing contents which will be posted on the blogs of the blog owner. I know of 1 such service and they are charging around $67 monthly access fee and $1.50 per 200-300 word article. I do not know how many articles a person working full-time can write so I am just assuming some figures our of thin air. Let us suppose a writer writes around 10 articles per day and it mean he can generate something around $15 per day. He works 20 days in a month and it means $300 per month per writer. The monthly access fee is $67 out of which let us assume $30 is paid as commission to affiliates. It means a writer should be able to generate something around $330 per month of revenue. Now there are two ways to hire the writers. One is having them work directly under you and other is letting any freelancer apply for being a writer. In the latter method we need to incorporate some kind of rating within the system so that the blog owners can rate a writer and let good writer increase their prices. The latter is also somewhat scalable in nature and even if the company pockets only the monthly access fee ($30) it translates to $3000 per month in case only 100 people signup. Not bad for such a simple site. So this is on my todo list and would like to finish up such a site as soon as possible.
Various Methods of Making Money Online
There are many methods to make money online. People can make money by selling products on sites such as ebay or they can make money by providing services (Like what we do). We provide services related to website designing and the bulk of our work comes through outsourcing marketplace sites such as rentacoder,odesk,elance,limeexchange etc. Affiliate Marketing is also very famous method to make money online. Generally you will be selling products/services on behalf of others and you will get commission for it. The affiliates can be paid for actual sales or for just providing leads to the advertiser. For last few months I am trying to understand more about affiliate marketing and I will actively start with it once I have some extra cash lying around with me.
I will be updating this post with more detailed description soon.