MAKING YOUR OWN MONEY
To begin making your own money online or off-line requires a basic understanding of the necessary preparations that must be made that will ensure a smooth launch of your business. Take note that I said “your business” because we must treat all make money projects as a business even if you are engaged as an affiliate selling other peoples products
Digital Products
Information products, How to do projects, Manuals, Recipes, E-books, Read only novels, Audio books and so on are being bought and sold by the millions online every day.
Physical Products
From a pin to an anchor are also bought and sold online generating billions of dollars everyday. All products and services can be successfully bought and sold online today.
Marketing Your Own Products
You can create and market your own products online. You will need to identify the product be it your own creation or other peoples production and have a stock of them on hand.
You should also be able to ship the goods to the purchaser be able to collect your payment online. Handling returns, replacements, repairs and re-shipping will also be required.
Marketing other peoples' products
Affiliate marketing is also big business online. Entreprenures earn billions of dollars everyday selling other peoples products. This method is a little bit safer and easier for the beginner in that the creator of the product pays you for selling thier goods online. They handle all the headache and pays you the seller a commission for the sale.
Affiliate Marketing
In Affiliate Marketing, you register on the affiliate site, they then equip you with e-mails, newsletters, banners, product information and your own personal email link to the product.
You can post these with your link on social media sites, in online magazines, (e-zines), free advertising sites, paid advertising sites, create a blog and place your link there on.
The link is your ticket for payment. When someone clicks on your unique link and purchases a product you are paid.
Offline Business
Offline business is similar to online business. It takes more to begin an offline business however and this is why online businesses are growing everyday. The offline business requires a building, inventory, staff, good location, advertising, start-up capital, rent utilitiy and salary payments.
My suggetion is to start an online business first, grow that business and then build an offline business in addition.
Start Your Business
To begin your business however there are some basic fundamental things that you need to have done. One of the primary business responsibilities is keeping records such as dates figures and nature of your transactions from the very beginning.
The owner of any business must be prepared to spend some time to lay a solid foundation upon which he will build a profitable business that continues to pay him even after he has retired from active work. This is the responsibility and the kind of weight that the foundation must be able to uphold.
The Computer and The Internet Today an online or offline business requires a computer and access to the internet. Ideally, you should try to acquire your own personal computer, a laptop or smartphone that you can use to access the internet. Sharing devices is not advised. Your personal information and passwords should not be shared with anyone.
Identification
Another important aspect of doing business is the requirement of proper identification. You will be conducting business with other businesses, Government entities, verifying your identity online, providing proof of address, country of residence and your identification such as a passport, drivers license or other Govrnment issued ID will be required at some point in time
Commercial Banking
To do any business online or offline, you need a Local Commercial bank account. Commercial banks are used for keeping your money and valuables safe so they are not misplaced stolen or used inappropriately.
Some of these banks require a small amount of money to get started. Some will also require you to provide two referrals. (this is a person or persons who know you very well and it helps a great deal if they are members of the bank you are about to join). You should know their right names, their addresses and telephone contact number.
You will also need to provide proper identification, (for example a passport, drivers licence or voters ID) a utility bill or other important documents that was sent to you via the post office with your name and current address. (these are used to verify your home or contact address).
Debit and Credit Cards
After successful registration at the bank, you will be issued with a debit or credit card. Depending on the type of account you have, most debit or credit cards can be used to shop online. This must be verified with your bank.
Manage Your Card
In today’s world, it is unwise to give your credit card information to every merchant online that requires it. There are legitimate and safe online processors that mediates between your credit card and the many merchants online. When you open an account with any of the trusted payment processor sites, you become a member or an affiliate of theirs. Your credit card information is encrypted on their site and is kept relatively safe.
To shop online therefore, the process is to add funds to your account at the payment processor via your credit card. On your instructions, the payment processor then sends your payment to the respective merchant that you are doing business with online. The merchant is paid and your goods are then shipped to the desired destination.
When you also earn money online, the merchant remits the funds to your payment processor which is debited to your payment processor account. You can then direct the payment processor to either, post the funds to your credit card, wire it to your bank account or have them send you a cheque in the mail.
Free Money Online
Yes you are not seeing doubles. As a beginner, there are sites that pay you money for doing simple tasks such as viewing ads, playing games filling out surveys, downloading and uploading emails, proof reading, watching videos and listening to music?
To get your feet wet on the internet there are two sites I will introdce to you that I used to get my first income stream started and from there I moved on to multiple income streams online.
Income stream 2