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What is the quickest way to make real money online?

October 8, 2007

I’m always on the lookout for new ideas and new ways to make money online. I bet you are too? Sorry but I have the tendency to clump everything and everybody into categories. Makes my brain hurt less!

Some of you are online to explore, learn and to find information. I am too, on occasion, but my ultimate goal is to build a business online. And what gets me to open my wallet is the proposition of tools that will help me with this objective.

After spending several years in business online I have come to realize that the best business model or plan is to create your own product or service. I’m not saying that the others don’t work, because they do work, but for long term success and to build equity in your business you have to create your own product or service.

Some of you are saying to yourself, “but I don’t want to create my own product, it takes too much work.” That is what I said for years. My primary focus for a long time was becoming a “super affiliate.” And I have prospered using this model. Many do.

I use it to supplement my income and it adds about 35% additional to my bottom line

However, if you want the ability to make massive amounts of money and at the same time build equity in your business, then you need to develop your own products (or services)

The benefits are amazing. I can’t stress this point enough.

Once you set-up your product or service and market it by adding an affiliate program your cost will shift and you can’t help but to make money.

Marlon Sanders once said that unless he took down his websites, he couldn’t turn off the money fountain, because over time his affiliate base had grown so large, they did all the work by driving traffic to his sales pages and all this happened on autopilot. The result is sales without cost and the truth of the matter is that he has no control over this. It happens just because it happens. Well, it helps if you pay your affiliates well and your products are of quality.

…Does that make sense?

The power is awesome and can really expand your bank account if you know what I mean.

Let me give you an example.

I spent many years in a leadership roll while working in the call center environement, therefore it made sense to develop a few products teaching the knowledge I had gained. So, I created a few ebooks and a few simple software scripts. Nothing complicated.

That was over three years ago and I’m still making a killing off of these products. In fact, I’m making more today than I was when I first released them because my affiliates are sending traffic to my sales pages. Sure, I have to share the income made with my affiliates but I also don’t have to spend any money on advertising cost.

While doing this I have built my email list to a substantial number and I use this list to cross-sell my other products and present them with various products (as an affiliate) that are niche related. This has increased my daily and weekly income.

Having your own products helps establish your credibility and helps you sell other products. This is another dimension to selling online that is one step above being a super affiliate.

Many proponents of the “super affiliate” model will argue that creating a product or service is to time consuming. And honestly it is time consuming, but the overall impact it has on generating revenue is far greater.

It adds more opportunity for me and my business model based on product development than simply offering recommended products.

What thoughts do you have on this subject? Leave a comment and let’s start a healthy discussion.

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Written by gmeares · Filed Under Affiliate Marketing, Making Money Online 

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38 Responses to “What is the quickest way to make real money online?”

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  36. Wayne on October 10th, 2007 1:06 pm

    I agree and am working hard on my first product: an ergonomic training tool for computer users http://workpainfree.com

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    http://wayne.abunza.com

  37. gmeares on October 10th, 2007 2:29 pm

    Hi Wayne,

    Thanks for commenting! We are rolling out our next big product called…Blogging For Riches and we offer money making software tools at Marketing Software Tools

    This is the best business! :-D

    Greg
    http://www.gregmeares.com

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