Have you started a home-based business, or are you considering starting one? Whether your goal is to earn a part time income or to make enough money to quit working regular jobs, you have to know what your customers want to buy. Looking into what successful businesses are currently doing will help you with your own.
Cutting out all the fluff, here are the two main reasons businesses get customers to purchase from them:
1. Customers will gain something from the business.
If you sell something physical, such as a T-Shirt, CD, or watches, your business falls into this category. You can also sign up with an affiliate program. This is the way an affiliate program works: You place advertisements on your website showing off another company's products. Whenever a customer makes a purchase through your site, the company will pay you a percentage of what they make!
If you have a blog, signing up with an affiliate program is one of the best ways to monetize your website. Here is a list of websites you can sign up with:
* Commission Junction
* ShareASale.com
* Amazon.com
If you don't have your own products yet, consider selling things from other websites until you do. When someone buys from a product listed on your site, the company selling it makes a definite gain that can be measured (profit) and passes some of the earnings on to you!
2. Customers THINK they will gain something from the business.
Two of the most successful businesses are companies that sell lottery tickets and casinos. Think about this: How many times have you purchased a lottery ticket? How many times have you actually won money? The majority of us do not make any tangible gains by purchasing lottery tickets. However, selling lottery tickets is very profitable for Powerball and other companies. If you gamble at a casino, your chances of winning are higher than winning the lottery. However, the odds are still heavily favor the casino. These businesses make billions of dollars without guaranteeing that you will get anything at all in return.
Colleges and universities make money in a similar fashion. People say they go to college for an education, but the real reason most people go is to increase their earnings potential. Many job opportunities require a college degree, or favor candidates that have one. Earning a degree will increase your chances to get a better job, but it is not a guarantee. Due to this economy, many recent college graduates are out of work, or are in low paying jobs that don't require a degree.
It is unfortunate that many business that do well financially give their customers returns with no value, little value, or questionable value. Fortunately, you can implement the strategies of these types of businesses to help you make money for your own. How do you do this?
Pay Per Click Advertising
You can earn money online from programs such as Google AdSense by placing their advertisements on your website. When a customer clicks on an ad they are interested in, you earn money. There is no guarantee the customer will actually make the purchase, but it does show they have an interest. Many website owners earn hundreds of dollars a month just from Google Adsense alone!
Educating Consumers
Consider starting a blog, and sharing your knowledge with others. Then monetize your website with pay per click ads, affiliate programs, or by selling an E-book.
E-Books are an excellent way to make money from your knowledge. Are you an expert in picking up women in clubs, physical fitness, or how to make money online? People are desperately looking for information in these subjects and more!. Customers will gladly pay you if they see you are offering something of value to them. Do this: have a blog that gives valuable information about your subject. Don't charge your customer for this. However, save your very best stuff for your E-Book. When you do this, you gain a customers trust before they buy from you.
When you develop your business further, consider offering training classes, seminars, and phone consultations. Many website owners make HUGE incomes by offering these services.
What information can you offer that will help others? Start a blog and earn money while offering knowledge that has genuine value. In this situation, both you and your readers win. So what are you waiting for?
Source : www.examiner.com
Cutting out all the fluff, here are the two main reasons businesses get customers to purchase from them:
1. Customers will gain something from the business.
If you sell something physical, such as a T-Shirt, CD, or watches, your business falls into this category. You can also sign up with an affiliate program. This is the way an affiliate program works: You place advertisements on your website showing off another company's products. Whenever a customer makes a purchase through your site, the company will pay you a percentage of what they make!
If you have a blog, signing up with an affiliate program is one of the best ways to monetize your website. Here is a list of websites you can sign up with:
* Commission Junction
* ShareASale.com
* Amazon.com
If you don't have your own products yet, consider selling things from other websites until you do. When someone buys from a product listed on your site, the company selling it makes a definite gain that can be measured (profit) and passes some of the earnings on to you!
2. Customers THINK they will gain something from the business.
Two of the most successful businesses are companies that sell lottery tickets and casinos. Think about this: How many times have you purchased a lottery ticket? How many times have you actually won money? The majority of us do not make any tangible gains by purchasing lottery tickets. However, selling lottery tickets is very profitable for Powerball and other companies. If you gamble at a casino, your chances of winning are higher than winning the lottery. However, the odds are still heavily favor the casino. These businesses make billions of dollars without guaranteeing that you will get anything at all in return.
Colleges and universities make money in a similar fashion. People say they go to college for an education, but the real reason most people go is to increase their earnings potential. Many job opportunities require a college degree, or favor candidates that have one. Earning a degree will increase your chances to get a better job, but it is not a guarantee. Due to this economy, many recent college graduates are out of work, or are in low paying jobs that don't require a degree.
It is unfortunate that many business that do well financially give their customers returns with no value, little value, or questionable value. Fortunately, you can implement the strategies of these types of businesses to help you make money for your own. How do you do this?
Pay Per Click Advertising
You can earn money online from programs such as Google AdSense by placing their advertisements on your website. When a customer clicks on an ad they are interested in, you earn money. There is no guarantee the customer will actually make the purchase, but it does show they have an interest. Many website owners earn hundreds of dollars a month just from Google Adsense alone!
Educating Consumers
Consider starting a blog, and sharing your knowledge with others. Then monetize your website with pay per click ads, affiliate programs, or by selling an E-book.
E-Books are an excellent way to make money from your knowledge. Are you an expert in picking up women in clubs, physical fitness, or how to make money online? People are desperately looking for information in these subjects and more!. Customers will gladly pay you if they see you are offering something of value to them. Do this: have a blog that gives valuable information about your subject. Don't charge your customer for this. However, save your very best stuff for your E-Book. When you do this, you gain a customers trust before they buy from you.
When you develop your business further, consider offering training classes, seminars, and phone consultations. Many website owners make HUGE incomes by offering these services.
What information can you offer that will help others? Start a blog and earn money while offering knowledge that has genuine value. In this situation, both you and your readers win. So what are you waiting for?
Source : www.examiner.com
