When Do I Start Getting Money and Where Does It Come From?

Written by Elena Fawkner


When Do I Start Getting Money and Where Does It Come From?

2002 Elena Fawkner

I received an email duringrepparttar week from a reader of a recent article "The 10 Most Popular Myths About Running A Home-Based Business Online" (http://www.ahbbo.com op10.html). That article was, I admit, something of a vent which was long overdue and it struck a chord with many readers who wrote in to let me know that it described their experiences to a T.

One Internet-experienced reader wrote: "People askrepparttar 117717 most amazing questions, such as 'I put up a web site. When do I start getting money and where does it come from?'"

Amazing but true. I kid you not, I get emails like this all repparttar 117718 time. They're what promptedrepparttar 117719 article inrepparttar 117720 first place. So, in this article, rather than venting, I'll be a little more constructive and actually answerrepparttar 117721 question: Just how exactly DO you make money onrepparttar 117722 Internet?

1. The simplest - join an affiliate program (hell, join LOTS of affiliate programs) and spend your time and money advertising and promoting it to drive traffic torepparttar 117723 you-beaut self-replicating website every other affiliate gets. A la Amazon.com.

This is a VERY inefficient way of trying to make money online. And it will cost you a fortune before it yields a return. If it ever really does. If you're VERY lucky, you MIGHT just cover your costs.

(If you don't know what an affiliate program is, read "Affiliate Programs ... A Not THAT Easy Start To Your Own Online Business" at http://www.ahbbo.com/affiliateprograms.html.)

2. Create a content-based website, get traffic to it and use it to promote your affiliate programs. The trick here is to sign up for affiliate programs related torepparttar 117724 subject matter you choose for your website. The idea is that, by creating a content-based website, you will attract targeted REPEAT traffic, thereby increasingrepparttar 117725 odds that someone will buy one of your affiliate program products. This is a MUCH better option than #1. and will save you a fortune on advertising.

3. Create a content-based website, get traffic to it and use it to sell your own products. Anything that can be delivered digitally is a good bet - software, e-books etc.

4. Do #3. above and establish your OWN affiliate program so other people can also sell your product in exchange for a commission.

Be sure to give them a you-beaut self-replicating website in case they're following plan #1. Hey - just because it won't pan out for them doesn't mean you still can't getrepparttar 117726 benefit of their hard work. After all, if you have several hundred affiliates, that's several hundred sales for you if each of them only makes one sale. And best of all, your army of affiliates is each spending a fortune on advertising so YOU don't have to! And just think what a valuable learning experience all of this is for them. You went through it so why not them, right? In fact, they'll probably end up THANKING you one day!

It's Not as Hard as it Sounds

Written by Dave Balch


Are you onrepparttar road to success with your business? Are you sure??? One ofrepparttar 117716 best tools to find out where you're going is a cash flow; have you done one yet? If not, you should. Keep reading; it's not that complicated!

A cash flow may sound intimidating but it doesn't have to be. It is a way to see out how much money you'll be spending and how much money you'll be receiving, and when. You'll see when your expenses will exceed your income and vice versa; it is a plan!

A simple cash flow is just a chart with rows and columns. Labelrepparttar 117717 columns "January", "February", etc. Downrepparttar 117718 side show each item of income and expense. Then placerepparttar 117719 amount of that income or expense inrepparttar 117720 column forrepparttar 117721 month thatrepparttar 117722 money will actually be received or spent. The idea is to see how much cash is flowing in and out for each month. (Remember to show expenses as negative numbers and income as positive numbers.)

For example, you plan to set up your office in January, get a mailing list, order inventory, design brochures in February, and do a mailing in March. Make separate lines for each expense: computer, furniture, fax, etc. If you finance anything, showrepparttar 117723 payment(s) for each month they are paid. Now marketing expenses: printing, envelopes, postage, etc. You may order inventory in January, charge it in February, and pay it in March; putrepparttar 117724 payment inrepparttar 117725 March column. Getrepparttar 117726 idea? Ifrepparttar 117727 mailing is going out in March, you may expect some sales in April. Estimate them and putrepparttar 117728 income intorepparttar 117729 April column. Total each column to see whatrepparttar 117730 net cash flow is for that month.

For example, January, February, and March will have expenses and no income (negative cash flow). April will have expenses and income; if income is more than expenses, congratulations! You have positive cash flow!

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