Thursday, October 16, 2008

5 Ways To Make Money From Home

Service-based Businesses (online & offline) - some examples of this would be child-minding, web development, writing, gardening, catering, etc - it’s a endless list. In fact if there’s something you’re good at, it can easily be turned into a service that people need and are willing to pay for.

MLM or Network Marketing (online and offline) Businesses - regardless of what your initial opinion is of this category (if you indeed ever had one on this category), there are literally thousands of very good companies to choose from. The key areas of product lines from the most successful MLM companies tend to be health care products, skin and body products, and communication services, but there are many other companies with new emerging products. You will need to research product lines and compensation plans to find a company that is a good match for you. To build a solid business through network marketing generally requires you to both recruit people into the business and sell products.

Affiliate Marketing Businesses (online) - similar in some ways to network marketing (above) in that you earn a commission for sales that you make. These programs are promoted primarily online (though you can promote offline if you choose). While some merchants offer a 2nd payment tier for recruiting new affiliates, the majority of your income is derived from sales. Becoming an Affiliate Marketer is one of the easiest and most popular ways to earn money online.

Product-based Businesses (online & offline) - these can considt of producing/sourcing a variety of products that enthuse you or you feel there is a market for, then selling those products through either/both online and offline methods. The products can be either ‘physical products’ - products that you can physically touch and handle such as soft toys, car accessories, health products, etc - or ‘digital products’ - products that are downloaded such as an MP3 audio file, ebooks or guides, training videos, programs and utilities. The key with all product-based businesses is to be able to identify what a market needs, develop it (or have it developed) and market it properly.

Blogging (online) - this is something that any marketer should consider in addition to whatever business model they choose - it is as much a marketing plan as it is a business model. That said, blogging can also serve as a stand-alone opportunity to work from home and earn a decent income. You can monetize (make money from) a blog with affiliate programs, by selling advertising or sponsorships, by creating and selling products to your readers, or even by participating in the paid-to-blog opportunities.

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