Make $20.88 In One Day

Posted in The Hustle on Jun 06, 2008

Still doubtful that you can make money online?  If you have a product that you believe in, then you can earn money online.

The case study started on May 26 (less than two weeks ago) and I challenged myself to make something out of nothing.  Would you like to make $20.88 (or more) in one day?

1.  Read and establish a niche.   I love electronics.  So everyday I read up on gadget news.  Not necessarily to buy websites, just for the love.  Your niche should always be something you love and have a passion for.   If it’s not then the whole process will seem like work (and work sucks!) –
Note – don’t pick ringtones, weight loss or dating.   These aren’t even niches anymore.  Be truly unique.

2.  Get ahead of your niche.  Whatever niche you roll with, be a chess playing, ninja style assassin.  Know the trends of your niche and then you’ll have a feel for whats coming next.

3.  Start a blog, a website, a twitter account, a myspace page, something…  or anything, just start.   The people who are afraid to start, out weigh the people that do it.   I started the flipmino site for $5.99.  Don’t complain about expenses, skip Starbucks for two days and put that money into an online investment.

4.  Hook up with Amazon.   Amazon is my favorite long term affiliate program.   When Ebay was rolling with CJ, I could count on some strong earnings but now Amazon really does it for me.  As seen in the image, all you have to do is drive a potential customer to the site.   It doesn’t matter what they buy, you will make a commission.

Note – Amazon was the perfect affiliate for the Case Study but depending on your niche, you might want to check out other programs

5.  Hustle, Hustle, Promote, Hustle, Promote, Promote

6.  Don’t give up.   By my own admission, I got lucky with this test site.   It doesn’t always go this smooth.  A matter of fact, I fail way more than I succeed.   I fail so much that I have a process that minimalizes failure.  The key is that I keep trying and my processes has gotten tighter over the past 6 years.  Another thing to keep in mind is that failure isn’t often glorified.   There aren’t too many sites where the author is displaying how many times he’s messed up.   All you see is the money he/she made promoting xyz product or getting seed money for his/her startup.

Have fun with it!  oh, and check out the Flip Mino ;)

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