By: Daniel McGonagle
Since there are so many ways to make money on the internet, what are the best ways to achieve a full time income that will replace your day job? For the sake of argument we will assume that $5,000.00 a month is what many would consider a full-time income.
You can make some money with a passive income stream from Google Adsense if you do it right. The biggest issue about making money with Adsense is that you put in a lot of effort for a small income. Many times webmasters put Adsense on their sites as an afterthought to pick up some extra income from the site.
It doesn't take you a lot of start-up capital to write a Word document and then convert it into a PDF format. Then sell it online. Selling digital products via the ebook creation and distribution business model is extremely profitable. It has a high return on investment. The real money from these ebooks is from the backend sales and one-time-offers to membership sites or higher-priced items.
Selling physical products is makes more money. Sellers usually have some kind of forced continuity program with their offline clients. There is an added benefit to selling digital products because the buyer pays by credit card rather than through PayPal and it is easy for the buyer to forget they are still getting charged for memberships. There is no doubt that Ebay remains the largest online presence for selling physical products.
Promoting MLM programs is where a lot of people find themselves trying to make their full-time incomes. The reason this type of program is so popular is because they usually have training calls to attend, and even a support center, but the real reason people flock to programs like Web Prosperity is because they realize they only have time to focus on and work on one program. People are busy enough as it is without trying to promote multiple programs all at once.
Similar to MLM types of programs are one-up and two-up programs. But they have more of a return on the investment people make when they promote them. However these programs tend to over price or inflate the value of their products so they can give big commissions to their affiliates. The plus side of this is that it is one of the fastest ways to reach a significant residual income. However, it is wise to read home business about these one-up or two-up programs to get a better idea of how valid each one is.
Flipping virtual real estate is another way to reach a sizable monthly income. The downside to this business model is that you are running a high-maintenance business whereby you're required to build new sites constantly and to sell new sites constantly. The plus-side to this business model is that it can be automated, if you know what types of sites to build, what types of sites consistently sell, and also to learn how to build sites that you retain to for a long period of time before selling for extremely large sums of money.
Daniel McGonagle uses all of these methods in some way. He makes money with all of them. When you are ready to learn how to start an Internet business, these models are just some of the ways Daniel can help you reach your dream of retiring from the routine 9-5 job and replacing that day job with substantial income.
Article Source: http://www.uberarticles.com/articles
Daniel McGonagle is an entrepreneur, a successful business consultant and a respected marketing coach. He can help you learn how to start an Internet business.
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