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Add Comment »There are many ways to make money online and some of them are far more creative than others and take different kinds of work. However, it generally boils down to selling an object or selling a service (or both); but how you market yourself is a whole other matter! One way to make easy money online and have a lot of fun socializing is to make your own niche forum. A niche forum is a forum that is specific towards one kind of object, service, or product and allows people who want to talk about it to congregate.
Niche forums are a great way for you to market yourself and your products and even make a profit. Forums are a great way to establish yourself as an expert in your field and thus make it more likely that people will buy from you. The advantages of forums (when used properly, such as routine postings, answering questions, having a full profile (complete with up to date information) and sticking to the rules of the forum) are:
- Networking; you get to meet other people who are interested in similar things that you are selling and may be willing to buy from you or give you more ideas.
- A chance to establish yourself as a trustworthy expert-thus making more people willing to buy from you
- Backlinking for search engines
- General socializing. Running an online business can be lonely work and it’s always reassuring to know that there are others out there like you
Forums are a great way to make more money on your product, but they do have their drawbacks; namely finding them, sticking to the rules, and keeping up with them, as well as establishing yourself. If you make your own forum, you not only get the credibility from other forums, but you can also bring people right to your forum and find out what the people really want from you, as well as market new things you’re bringing out or ask for opinions. Running your own forums has a number of advantages for you:
Market research for free. Once you get some forum posters, you can find out what people like about your products, what they don’t like and ideas for changes and you don’t have to pay for it.
- Networking; just like any forum, you can meet others who are interested in your niche
- You have full (or nearly) control over how your forum is organized, what’s allowed on and what’s not and membership.
- Your own advertising can be on the forum which means you can make still more money.
It’s easy to build your own forum; there are programs and plug-ins that can largely do it for you so that all you have to do is set it up, organize it and maintain it. A good tip is to invest in a Captcha style plug-in (something that forces posters to prove that they are human before they post) so you don’t spend hours weeding out spam, though you can set up a forum specifically for marketers so that more people will come for backlinking purposes and hopefully stay.
Forums make a great tool for making money online, especially niche markets where it can be harder to get yourself out there. They are fun, bring people together (and not incidentally to your site) and let you tweak your products or services to hit even more people. They are an all around great money making tool for the internet business world.
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Add Comment »You’ve likely heard of the trend of ‘flipping houses’. The idea behind flipping houses is to buy a cheap and run down building or home, fix it up, decorate it and then sell it at a large profit. Flipping websites is much the same; you can buy an expired website and/or domain name at a highly discounted price and then put your work into ‘flipping’ it.
There are a number of ways to make money flipping websites. Originally, flipping websites actually meant flipping domain names; you would buy domain names at a low price that seemed as though they would be profitable later and then sell them when the demand arose. Examples include sites such as sex.com which was initially purchased cheap and sold for tens of thousands of dollars. However, with so many different kinds of domain names, buying and selling strictly of domain names is more tricky, so the art of website flipping has changed a bit.
If you are doing modern website flipping, the first way to do it is to treat it like you would treat any other website: fill it with content, do affiliate marketing on it or sell your own products on it, and generally treat it as though you were running any online business. The main advantage here is that you got your domain name and/or hosting at a discounted price because the original owner lapsed on the site, didn’t make payments or just wandered off on it.
However, the real idea behind flipping websites is to not only flip it, but sell it. You can use auction sites such as Flippa to buy a site cheap (usually one with next to nothing on it or needing a lot of work), fill it, and then sell it back out again. Do it properly, and you can easily make thousands of dollars on a website that maybe cost you less than a hundred dollars. However, the trick is to not only build up your site into something worth selling, but to also sell it in such a way that you can make good money; show its potential and profits without throwing up any red flags as to why you’re selling it. You have ride the fine line between having a site that is more profitable than when you purchased it and making sure that people actually believe it’s worth buying when you’re selling it! If you get the knack of it though, flipping websites for money can make you quite a bit of money and there will always be new projects to look forward to instead of getting mired in one website.
You can make money flipping websites and some people make fairly good money at it. Just keep in mind that it is a bit time consuming and takes some effort, but it also pays off well and means that you can take on new projects every so often. All in all, when it is done well, website flipping is a good way to make money online.
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1 Comment »The purchase of websites is a good way to make money online; either by flipping the website and reselling it at a higher profit or by fixing up the site and using it to do things like affiliate marketing, selling products and/or services and/or blogging, or both! Purchasing a website allows you to save a bit money of money because you can buy the domain name and hosting at a bit cheaper and you can start out with a built website which saves you money on programs or designers to do it for you. The site you buy may even already have products and customers and be well indexed in the search engines. It’s a good idea to buy a website if you want to save time and money or you just have no expertise in website building! But where is the best place to buy a website?
This isn’t an easy question to answer; many sites online specialize in the buying and selling of other websites, however there are some features to look for:
Does the site allow for the buying and selling of established websites, new websites and domain names?
Does the site give information about the buying and selling of websites, why to do it, how to do it and what to watch for?
Does the site screen its buyers and sellers to make sure that the sites are actually any good at all? (most marketplaces cannot be completely sure of listings, but the market should at least have a place to report possible frauds)
So, what are some website brokers to check out?
www.websitebroker.com
Features:
-11 years of experience in brokering between website owners and buyers
-Free to browse website listings for sale (registering gets you perks)
-low price to list websites ($9.95 for 90 days)
-Informative articles on the process
www.websiteauctionsales.com
Features:
-Free to register and bid as a buyer, uses credits that you can purchase with your PayPal account as a seller
-$7.00 listing fee for thirty days, plus upgrades if you like (Front page listings, highlighted, etc)
-A few articles of information
-clean interface
-currently running a ‘welcoming’ sale where you can get free listings
www.sitepaw.com
Features:
-free to list, free to browse (though depending on your site, you may have to buy credits to list; go through the process yourself to check); listing stays for 30 days
-quick listing
-Options for Buy it Now prices to end auctions quickly
-feedback and verification systems
-lots of extremely cheap sites and domain names to choose from
These are just the three which float to the top of the search engines; there are plenty of other site marketplaces to peruse.
Whether you are buying or selling (or buying and selling), it is important to find a good marketplace to handle your transactions through. Make sure to do a bit of browsing before settling on one market and then you can start enjoying the prospects of making money online through buying and selling websites and domain names.
