Earning Your First Dollar Online

UPDATE: Anik has a new system called IMade500 and it is specifically made for those who are yet to earn their first dollar online! I highly recommend it since it makes it easy for you to write your first review article by just filling in blanks!

Read my full review here: IMade500 Review

In every aspect of life, the first one is often the hardest to make.

Same goes to your online business.

In a single year, thousands of people are joining the online marketing bandwagon. They just jump in and created their business online…then quit at the very first sign of defeat.

They never exerted much effort to know if their idea will be a hit or a miss. This is why earning that first dollar online is really crucial to you and your business.

Once you make your first dollar online, all you need to do is duplicate your success. Do what’s right and eliminate what’s wrong and you can turn that dollar into a hundred, then to a thousand, and then into a million.

For newbies starting out, do not complicate things.

I know that you envision your online business to make million dollars in the future, but at this point, you don’t need it. If you focus too much on that million dollars, you’ll just lose sight on the more important things (one of which is making your very first dollar online).

Stay focused to that particular goal only. If you get caught up on the big picture of making millions, you’ll surely be disappointed and quit if you can’t get that million dollars immediately. When you quit, you don’t have a chance anymore to check if your product is profitable or not.

If I were to start from scratch on my business again, this is what I’ll do:

Prepare Where To Aim Your Fishnet But Catch the Small Ones First

At first, go with small ones. Those that you can sell right away. This may be a product in your hard drive that has a resell rights or it can be an affiliate program.

The secret is to start taking action as early as possible. Get a feel of the internet marketing methods and get your feet wet. Start small. I know you have a million dollar product in mind, but creating something that is so big at this point in time will eat up all of your time and money. This will greatly take away your ability to make even a few hundred dollars or even a single buck.

Follow these steps until you earn your first dollar on the internet:

• Research your market – figure out what people are talking about in forums and community groups of your target niche. Find out what people need and are willing to pay for. Find out what products are hot right now by searching Amazon.com, Ebay, and Yahoo Shopping.
• Write a review – as an internet marketer, our job is to be an information provider to those who are likely to buy a product. Write a review that will answer all the questions of a prospective buyer. Satisfy their hunger for information! If you have a similar product to give away, you should create an opt-in list. People would sign up in exchange of your free product – they get the product, you get their email. This will greatly increase your conversion rate as you can follow up with your list through email. You can also offer other products to your list in the future.
• Drive targeted traffic to your review site – Go back to the forums and community groups that you have visited a while ago. Socialize with them and post a reply that relates back to your review site. Customize your signature link with a call to action that will take them to your review site.

If you follow these steps, your first dollar online will be just around the corner.

Pushing Your Momentum Higher

Your review website should not be limited to just one product. Develop an authority site by putting fresh reviews on new products that are on your niche.

Don’t make a review to a product you haven’t tried yet. Only offer high quality products that you have tried and tested yourself. Put a proof or evidence of your results from trying that product. The key here is that you should be as transparent as possible on your reviews.

Drive traffic to your review site, once a new review is up, from paid traffic such as pay-per-click marketing and ezine ads marketing and from free traffic like forum posting, blog commenting, writing articles and press releases, search engine optimization, email marketing, and so on…

Survey Your Market

Ask your market for information that they like to receive or questions that they like to be answered. Make a survey and send it to your list. This information is priceless to you as an internet marketer. You can later on create a product structured around that information, or find an affiliate program that is most suitable for it.

What If I Don’t Have A Large List Yet?

Plan a survey campaign. You can do this by creating a survey website and give a product as an incentive to those who answer your questions/ survey. Launch a pay-per-click campaign to drive traffic to that site. Choose a CPA offer that is complementary to the product that you’re giving away to minimize the cost of advertising or even earn while doing this.

This method is effective for those starting out and just planning what products to make.

After Your First Dollar Online

Learn the importance of reinvesting the profits you made back into your business. Don’t just buy any product that you are offered to, put that money into training, education and tools that you think your business needs.

Million dollar online businesses are there because the owners consistently reinvest a certain percentage of their profits back to their businesses. They know that by reinvesting, they are preparing their businesses for further growth and expansion.

Follow the techniques and tips that you learn here and my other posts, on every ebooks or courses that you have purchased and making another dollar after your first dollar online will be way much easier.

If you want to have a system and a proven guide to follow, check out Anik’s video by clicking here!

I would love to hear your stories on how you earned your first dollar online. Comment on this post and share your inspiring stories with us.

Others who read this post also read:

• October 12, 2009 -- My Take On The New FTC Rule Concerning Online Marketers (1)
• September 16, 2009 -- Where To Get Your Website Content (1)
• August 31, 2009 -- Getting Ideas For Your First Info Product (1)
• August 25, 2009 -- How To Become An Expert In Your Niche (1)
• August 22, 2009 -- Making Money Online Is Not Just Finding the Right Opportunity (1)