How To Make Extra Money

how to make extra money

How To Make Extra Money: The Unconventional Guide

Learning how to make extra money on the internet is easy. Figuring out what to do to make extra money on the internet is not as easy.

lawrence tam podcastThere are hundreds of categories that can be split into thousands, if not tens of thousands of ideas. This guide on how to make extra money on the internet, with a special focus on affiliate marketing. There are many other ways to make money online, but we will include a lot of affiliate marketing programs because:

  • Some pay very well.
  • You can automate them much easier.
  • Very low start-up cost.

 

How To Make Extra Money With
Affiliate Marketing

Think of affiliate marketing as commissioned-based sales.

The 3 basic steps in affiliate marketing

  1. You recommend a product or service to people (your followers or people you know).
  2. Some of those people purchase the product or service based on your recommendation.
  3. You get paid a commission for those purchases.

That’s it. Simple, right?
~Amy Lynn Andrews

 

A company creates a product and commissions people to sell it for them in exchange for a percentage of the sale. Amazon, Best Buy and other major retail outlets have affiliate programs. That's right, you can set up an account with say, Best Buy, start selling flat screen TVs, and earn about a 4% commission. It is the affiliate marketer's job to send people to an offer to Best Buy, and if that prospect buys, they earn a commission.

Now, that is affiliate marketing at its very basic function. Here's the thing about affiliate marketing.

[bctt tweet=”Affiliate marketing is a science, AS WELL AS an art.  #affiliate #marketing”]

After I left eBay as a seller to go after the bigger financial fish (as well as score a more stable income) I learned the hard way just how tough affiliate marketing can be for beginners. I persevered, and earned thousands of dollars per MONTH, but it still wasn't enough.

That is because you need a lot of traffic to be able to sell affiliate products.

Think of a funnel

  • 1000 people come to your website.
  • 100 optin.
  • 1 buys.

(more…)

By Lawrence Tam, ago

How To Make Extra Money? – Residual Income

One of the cool things about the internet are funny things to watch on youtube then late at night doing some searches for “how to make extra money“. There seems to be a lot of people with our economy these days doing searches about finding different ways to give their income a shot in the arm.

Besides looking for a new job or upgrading the one you got let's look at what anyone can do, especially if your reading this article.

How To Make Extra Money – Use The Internet and Computer

Chances are  your reading this article on your desktop monitor or a laptop. Now there are some of you that do read my content through your phone but let's keep it simple and say your main computer.

The economy isn't picking up very well and those looking for a job need to continue LOOK for a job. Don't give up hope. There is work for you out there.

I have been in your shoes. I was laid off for about 18 months during the whole 2000 crash when I was released from Motorola as a product packaging engineer. It was a good time for me and I treated it like a long vacation. I took good care of my wife and life was grand. Sure money was a bit tighter but you just make do and survive, right?

Well, during that time the internet was still growing and marketing and selling stuff online really wasn't taught to too many people. I remember looking for ways to get some spending money while I was in between jobs and all I got was a bunch of cash gifting and MLM stuff.

Now don't get me wrong, I'm fascinated by the MLM (multi level marketing) industry but at that time I didn't want to do any type of offline marketing let alone network marketing.

But…

That experience left me empty knowing that I could use the computer yet have no clue how to make extra money from it. I mean.Why is it so hard to learn how to make extra money online and especially if it could be residual… right? (more…)

By Lawrence Tam, ago