Entries fromJuly 2007

thisisby.us is a website that allows you to make money by writing and submitting your articles within a community. Some articles on the website were recently on the Reddit frontpage, which is where I first came to know of them.

Operating via a revenue-share model, thisisby.us will give a portion of whatever revenue they earn to the writers, commenters and affiliates who refer new users to their website.

Some sort of a social writing community, thisisby.us covers a variety of topics such as news, humor, politics, business and technology. Content is ranked by reader votes and page views and the top articles are displayed on the site’s frontpage.

Competitors for your online business exist in many forms. Some compete with you for web traffic by occupying prime spots in search engines for specific keywords. Others utilize the same business model and promote their sites in the same channels for market-share.

Most competitor’s goals are the same: To outsell their rivals by winning over a large portion of the specific target market.

They will often do this by undercutting your prices and producing similar products/services to compete with your business. Learning how to manage the competition will help you to make more money from your businesses and websites.

Making money online involves understanding the value of your online business, idea or website. Are they profitable or are you attempting the impossible by trying to squeeze blood from a stone?

We all have many ideas on what types of money making websites to set up and we often execute these ideas only to find them withering due to neglect or intense competition from others.

Knowing when to terminate a project is just as important as starting one. By cutting off these additional channels, you can focus exclusively on the ideas that will actually make you money.

Initially built for college and university students in 2004, Facebook has since grown into a popular social networking website that is open to all.

With over 30 million members worldwide, Facebook is 7th most visited site in the United States and sees over 15 billion pageviews every month.

In May 2007, Facebook took a big step forward by launching the Facebook Platform, which allows developers to build third-party applications for use within Facebook’s user interface. This gave marketers and companies a viral and effective means of promoting their website to the Facebook audience.

Many online businesses use subscription-based monetization because it provides consistent recurring income over a period of time. This is particularly important when the business needs capital to expand its service or product offerings.

Subscription-based models often utilize a trial subscription program which allows customers to try the product or service, in order to see if it fits their needs.

These free trial subscription periods usually offer less functionality than paid subscriptions and are designed to encourage a transition from free usage to paid subscriptions.

A strategy when it comes to earning money online is to build multiple mini-sites which generate a consistent amount of income. For example, you can build multiple mini blogs around niche topics and then turn a profit through their collective revenue.

If each blog makes you $1 a day, 100 blogs will theoretically allow you to earn $100 every day. To increase your overall income, you’ll just have to increase the number of mini-sites you own.

An ingenious way to make a decent amount of money online? Perhaps.

One of the most important factors you need to have when making money online is the entrepreneurial perspective. The drive to create and turn ideas or concepts into profitable online entities requires a thirst for success and an innovative mind.

Building a powerful blog that earns a lot of money not only involves writing great content everyday but also understanding clearly how some have succeeded where others have failed.

The desire to build something lucrative, popular and successful fuels the entrepreneur’s perspective. Learning how to think like an entrepreneur when you’re on the internet is a simple way to eventually make more money in the long run.

Social media websites like Digg, Netscape and del.icio.us are bridges which connect your website with a large audience beyond your site’s normal reach. These websites will send visitors that can become future supporters of your site or brand.

Social media communities also expose your site to other webmasters or bloggers, the source of editorial links that will get you referral traffic and better search engine ranks.

Social websites are reliable sources of defensible traffic and should be cultivated as a means to increase your site reach and audience size.