The Nine-Dollar Business
Money
Matters
(Subscriber Access Only)
I have something special for you: An long excerpt from my
ebook on writing for money online. This part is about a business
you can try with a risk of only nine dollars. Afterwards I'll
tell you a little more about the book.
Making Money Without A Website
(An excerpt from Lesson Twenty-One of You
Can Make Money Writing)
Can you make money online without a website? Absolutely. And
without any investment other than your time? Yes. You'll find
some great ways right here.
Now, the nit-pickers out there will say that you have to at
least have a computer and you have to pay for internet service.
Not true. You can do most of the things here working from a computer
in a public library for free. In any case, most of us - at least
in the United States - already have internet access and a computer,
so there is no additional cost for these things. You just have
to be willing to do the work.
Article Based Affiliate Sales
This little money-making scheme is one I read about somewhere
on the internet. It involves writing articles, so I had to try
it out. I will warn you though, that this one does require an
investment of $9, but that's a pretty low-risk business, don't
you think?
Note to the argumentative among you: Though this one is not
technically a "no cost" business, you could probably
talk a friend into putting up the $9 for a 10% share of the revenue.
That would make it free for you to try.
Okay, the model works like this: You register a domain name,
forward it to a good affiliate offer, and write articles to promote
the domain. I once read a post by a man who claimed he made $1700
with his first article using this plan. I suspect he exaggerated,
but about two years ago I rewrote five of my articles and gave
it a try. I'll tell you how it worked out, but first I have to
cover a little background information, and get into more detail
about how you can set this up.
You might know how easy it is now to sign up as an affiliate
for various products. With services like ClickBank it has become
even easier. There is no additional approval process for each
product or company. Once you have your ClickBank "nickname"
you can promote the products from any one of their thousands
of vendors and get a commission on any sales, some as high as
75% of the sale's price.
For example, on UnusualWaysToMakeMoney.com, I have an page
on buying and selling cars for profit. Browsing ClickBank products
one day, I found an ebook for sale on how to make money selling
cars. The publisher offers a 50% commission on each $47 sale,
or about $22 after the fees.
A few minutes later, I had a link up on my page, going to
his site. Every now and then someone clicks through to his sales
page and buys the book, which earns me about $22. ClickBank tracks
everything for you, by the way, and sends out checks every two
weeks. It costs nothing to open an account.
This is basic affiliate marketing, and it is simple now, but
some people want it to be even simpler. Building a website to
promote those affiliate products is a bit of work, after all.
What if you just wrote an article and in the resource box linked
directly to the affiliate sales page, so you could earn commissions
without the need of a website? This has worked for some, but
most article directories where you would post the articles won't
allow affiliate links in an article, and they do check. A better
way follows.
How To Do It: Step-By-Step
1. Find a product you would like to promote as an affiliate.
It should be related to a topic you can easily write about.
It should pay a commission of at least $20 (my opinion, but you
can try lower-paying products). Sign up and get your affiliate
URL. This is the address you send people to in order to get credited
for the sale, so you get the commission.
2. Register a domain.
This will be your only expense, and should cost less than
$10 per year. Register a name that has something to do with your
topic or product. Most good names are taken, but you can use
numbers in a name in order to find an available one with the
keyword(s) you want - this is why I have a site called 999articles.com.
Certainly "articles.com" and related names were long
gone, or being sold for thousands of dollars.
3. Set the domain to redirect or forward to your affiliate
URL.
All good registries have free forwarding for your domain.
If the one you're considering doesn't, find another. You need
the ability to forward the domain. We use MyDomain
(and yes I get a commission if you use that link and register
a name) for our domain registration, and forwarding is free and
easy.
Once you set the forwarding up, any time someone clicks through
to your domain from an article (or enters it in their browser)
they will be forwarded to the affiliate URL, with a delay of
a second or two at most. They will hopefully buy something then,
generating a commission for you.
4. Write relevant articles, linking to your domain in the
resource box.
When your article is read, and the reader wants to learn more,
he will click through to your domain and be redirected to your
affiliate URL. Be sure your article is relevant to what he finds
there, or he isn't likely to buy anything. Remember, you will
almost certainly do best offering information and products of
real value to the reader.
5. Submit your article to twenty or more article directories.
Most article directories don't allow affiliate links, but
they usually allow links to a domain as long as you own it -
even if it redirects to an affiliate link. Read the agreement
to be sure this is the case. In any case, just use the directories
that do allow this. You can also submit your articles directly
to newsletter publishers, or post them on your own free blog
(more about blogs in moment).
Helpful Hints
Want to try this money making scheme? Here are some tips.
1. Look for high-priced, high-commission products. "Conversion
rates" don't usually drop proportionately with higher prices.
In other words, if 10 out of 1000 visitors buys a $17 product,
that number may only drop to 7 for a similar product that costs
$67. Making 50% on either, you would make an average of $85 for
each 1000 readers ($8.50 x 10 buyers) who clicked on that link
in the first case, or $234 in the second case ($33.50 x 7 buyers).
2. Don't try to "sell" anything in your article.
Write good informational articles and let the affiliate sales
page do the selling when your reader arrives there. However,
do try to "sell" them on clicking that link in the
resource box. Say something like, "To check out my current
recommendation for (whatever you are promoting), visit (your
site)."
Important Point
You can't take back those articles once they're out there,
but you can redirect your domain to a different affiliate to
experiment, or if the original one cancels its program. Just
be sure that the affiliate product or service is relevant to
the content in your articles. In fact, you may want to develop
this plan around a set of possible products that all are meant
for essentially the same market.
If you have three computer registry cleaners that you like,
for example, you can promote all three and test to see which
converts better. In each article you would have something like
this in the resource box: "Visit now to get information
on my favorite registry cleaner." If you are writing about
dogs you can have three possible dog training ebooks to redirect
to for a commission, and say something like, "For a great
resource on how to train your dog, visit..."
Does It Work?
Others have claimed to do well with this plan. My own success
was somewhat limited, but then I barely tried out the plan. I
spent just an afternoon on my first and only attempt. I owned
a domain which I hadn't developed into a website (tenmoney.com
- now redirected to another site). I set it up to redirect to
an affiliate product that I liked.
That took a few minutes. Then I spent a few hours to rewrite
five of my articles about making money online, and I linked to
my domain in each resource box. I submitted each to about a dozen
article directories.
The results? Over the next two months, I made exactly $84
- just two $42 commissions. It has been many more months now
without a sale. There are certainly ways to "tweak"
this system, and to do better than the $17 per hour I made for
my effort, but I have enough other things in the works.
That was my one and only attempt at this no-website money
making scheme. No great success, but I thought you might like
to know about it. It takes nothing but $9 and your time to give
it a try.
........
Note: The excerpt above is part of Chapter 21 from
my ebook. The other five ways to make money without a website
actually require no investment at all - not even nine dollars.
The book is primarily about using articles to promote your online
business or website, but there are a few fun chapters like this
that get into other aspects of making money online. For more
information about the book, or to sign up for a free short course
on writing for money online, use this link: Free
Online Writing Course.
Note: This is part of Money Matters,
a weekly newsletter.
Not subscribed? Sign up on the homepage (the link below).
The Meaning Of
Money Homepage | The Nine-Dollar Business |