How To Make Money On The Net!

Posted By Stan

First up, let me apologise for that heading. I’m not going to be able to give you a 3 or 4 hundred word, nipped in the bud definitive answer to that statement. Hell, if I could I’d probably be out on my $50M boat soaking up some rays while the captain plotted a new course and tanned ex models served me cocktails!

Now where was I?…… Sorry, I drifted off there, I sometimes give in to that day dream too easily!

Oops………. it happened again. What I hope to do is to give you a feel for how to approach the whole thing.

There are numerous ways to approach making money on the internet and just as many different ways of approaching each of them.

Before you decide on the method of actually making money you need to decide where you are going to make money. In other words you  need to find your market. Which brings us to market selection and more targeted, to niche selection.

You have more than likely heard the phrase ad nausium  but it really is crucial. I have wasted hours of time and not a little money in the past on bad niche and product selection.

I don’t believe that niche selection was so important in the early days of net, like 6 or 7 years ago when a lot of the big names made their names but as the internet has increased in size it is now critical. To define what it is, a market would be something high level like ‘Golf” and a niche could be ‘ladies left handed nine irons.’

Now, at this point I could take you through a niche discovery tutorial for the rest of this post but I’m not going to, pretty mean huh?

One other lesson I learned a long time ago is not to try and re-invent the wheel so I’m going to point you to a free download.

‘How To Uncover Red-Hot Niches With A Simple, Step-By-StepFormula’ otherwise known as ‘The Niche Inspector Formula‘ by Myleena Phan creator of the Niche Inspector software. The information in this ebook was the formula behind the Niche Inspector software which I used for long time, it was brilliant.

Sadly, it no longer works. The software used to validate users when it was started up. The validation no longer works as it appears the database behind it no longer exists. Even sadder, it appears that something may have happened to Myleena as she was always very responsive with her support but nowadays is not contactable.

Bee in the bonnet time. I believe every product owner has the right to protect their work but this sort of protection is flawed as there are now hundreds if not thousands of people, me included, who can no longer use a product that they paid good money for.

Anyway I digress, back to the book. There are some links and references including a video about Niche Inspector which are obviously redundant so you can ignore those.

Myleena used to use the Overture Inventory Tool although later versions of the software moved to Google as Overture became defunct. So references and links to Overture are also useless. I think it takes you to Yahoo Search Advertising.

Apart from those little issues the bulk of it is still an excellent grounding in Niche selection and this is the first skill you need to master whether you’re just starting out or have been at it for a while.

No opt in or sign up you can just grab it for free here.

Mar 17th, 2009

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