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Dotcomology - The Science of Making Money Online

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Sunday, February 12, 2006

The Secrets to Making Money Online

The key to making money online is to have a plan of action. Without a plan of action any time, money, and energy will be wasted. Many people who are interested in making money online start without a plan and end up owing people money when all is said and done.

There are two great ways to succeed in making money online. The first way is the online selling of products. There are hundreds of online stores who sell their products exclusively online and they are always looking for new selling partners. One of the benefits to a small business who is making money online is that they can reach all the way around the world. If the small business did not have access to sell their products online, would fail, the cost and time needed to run a real store front would exclude many business from operating successfully.

Advertising is another path to succeed in making money online. Online ads and affiliate programs are hot in 2006 on the net especially pay per click technology. Pay per click applications are perfect for making money online because it requires very little tech knowledge and if you partner with the right businesses, no start up cost. The idea is easy, a small business offers a small fee for ever visitor to their site that comes from a partner site. The fees per click average around $0.05, which may be small, but if your site get 20,000 hit’s a day, and a quarter of those people click on your links to other business - you are making money online by doing basically nothing. Larger companies also offer an extra incentive for their partners. Along with the pay per click fee they also give a percentage, on average about 2% of the sales that come from that click, to their partner website.

Be warned there are a number of “Making Money Online” scams! Educated yourself and research your options, the only thing worse than not making money online, is losing money online.

Dotcomology - The Science of Making Money Online

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