Million Dollar Ideas - How to Make a Million Dollars Online
Copyright 2006 Chris Connors
There was a lot of buzz recently over Alex Tew's Million Dollar Homepage. He made a million dollars within 6 months selling pixels for a buck a piece. This feat created a stir within the Internet Marketing Community and people were formulating million dollar ideas of their own. Many tried to replicate Alex's pixel phenomenon but without much success.
Alex made us realize that making a million dollars online is possible and all it requires is some smart, out of the box thinking. In this article, I will try to categorize the ingredients required to formulate your own million dollar idea.
The Internet is vast and you can get lost in all the information, unless you have a clear thinking.
When you start working on your million dollar idea, you have to answer three essential questions - who will pay you, why will they pay you and how much will they pay you? Answer these basic questions to all your ideas and you will end up with a winner. Let us explore each of these individually.
Who Will Pay You?
This is the first question you have to ask yourself. From where are you getting your revenue? You can be paid directly by customers, which was the case with Alex's pixel website. Besides this, the most popular avenues used by Internet Marketers today are affiliate programs and contextual advertising like Google Adsense or Yahoo Publisher Network. There are a lot of other methods you can get paid but we will stick with the ones mentioned because they are the most popular.
When you want to come up with a million dollar idea, you should be clear about your revenue model.
Each one of these methods can be rewarding if your idea is good. Some people may argue that getting paid directly by customers is the best model. But in my experience, you can do equally well with affiliate programs and contextual advertising.
Why Will They Pay You?
So you have frozen on your revenue model. The next step is to figure out why these guys will pay you. Whether you are getting paid by customers, a merchant running affiliate programs or contextual advertisers, there has to be a strong enough reason for getting paid.
Don't look at this question at the surface level. Explore deeply the benefits that you are offering for getting paid.
If you are getting paid directly by customers, what is it that you are offering to them? Is it worth the money for your customers? If not, you need to make your product or service valuable enough to justify the payment. If your revenue model includes affiliate programs, then what are you offering which will make customers buy through your affiliate links?
Ask yourself questions like these and get to the bottom of your offering. The bottom line is that unless you are adding value to your end customers, you won't make a dime. Your million dollar idea should focus on providing something useful to your customers, something which will make them act the way you want them to.
How Much Will They Pay You?
The road to a million bucks can be as long or short as you want it to be.
If you are getting paid 1 cent at a time for a customer action, you may never see a million dollars in your bank account. Your idea should revolve around a business model which pays you a handsome amount per "action". An action here is defined as that activity which triggers a payment for you. If you use Google Adsense, the action is a website visitor clicking on your Adsense ad. If you are promoting affiliate programs, the action is someone buying through your affiliate link.
Each action has a reward associated with it. It can be 5 cents or a $100. I am not saying that the $100 action will make you a millionaire faster than the 5 cents action. The number of times the action is repeated might differ greatly between the two. Your idea should find a good combination of the reward and the frequency of the action.
This is the key to making a quick million on the Internet.
Conclusion
Once you have answered these questions for each of your ideas, a clear picture will start emerging. You will have an in depth understanding of your ideas and their potential. The idea with the highest potential is one which has a clear revenue model, adds value to the end customers and has a high reward volume and frequency. Your million dollar idea may be worth much more than you think.
.
Protecting Your Website From Online Thieves - Part 3
Act now for your copyright
In the previous design article Prevention Cures Copyright, we covered how to protect your web site files and gather evidence of your copyright ownership. Now we will look at how you can take all of your preparation and use it to find your online thieves.
Use the major search engines
To tell if someone has stolen your web site or your web graphic images, you can use the major search engines.
Start by searching for words or phrases unique to your site, such as your company name. This is where we catch many online thieves. They steal our web content without remembering to take out every instance of our name.
For further quality searches, we recommend typing the article titles and headlines from your most popular web pages into the search box.
For each search, go through the first three results pages. If the content looks familiar, check the web address (URL).
If it...
Protecting Your Website From Online Thieves - Part 3
Online degree > Protecting Your Website From Online Thieves - Part 3
How To Promote Your Online Store
Copyright 2005 OK. So you took the leap and started your online store. But, oops, there are no customers and your store is lost in the crowd. All is not lost. You just need to be very creative in how you market your site.
The key thing to remember as you market your site is "people buy from people, not companies."To make money online: 1) You must get traffic to your site. 2) You must convert that traffic to paying customers. To begin simply create a T-chart. Label one column "Traffic" and the other "Conversion." Then brainstorm what methods you will use to to make those happen and turn them into an action plan.Traffic suggestions for you:* Pay per click* Offline advertising* Article marketing* Newsletter* Autoresponders* Word of mouth* Joint ventures / strategic partnerships* Talks to groups* Participation in online forums / discussion groupsMost online stores are extremely competitive (what's not these days?) and they compete on price - one of the worst ways to compete. What...
How To Promote Your Online Store
Online degree > How To Promote Your Online Store
Real Estate Lender - Get Approved For A Mortgage Loan Online
Real estate lenders now offer mortgage loan quotes and application online. You can be approved for a mortgage loan online in a matter of a few weeks. With online real estate lenders you can also be sure you are getting the best mortgage loan rate by requesting quotes.Online Mortgage LoansReal estate lenders accept online applications through their secure servers. Once your application is approved, final paperwork will be sent to your home so you can review the terms. You will need to sign the paperwork in front of a notary and then mail the forms back to the real estate lender.
Your paperwork will be processed, and you will be on your way to buying a home.Before You ApplyBefore you apply for a mortgage loan online, take the time to compare financing rates and fees from several different real estate lenders. Rates can vary as much as 5%, costing you thousands over the course of your loan.Real estate lenders offer basic quotes online by asking a few basic questions. Within minutes...
Real Estate Lender - Get Approved For A Mortgage Loan Online
Online degree > Real Estate Lender - Get Approved For A Mortgage Loan Online
BestPartyEver.com - A New Online Resource for the Special Events Industry
Scottsdale, AZ (ContentDesk) February 15, 2006 -- With the recent launch of www.bestpartyever.com, the special events industry has a new resource for online advertising.
BestPartyEver.com is an online directory of event and party planning vendors, complete with party planning tips, and event ideas for the Do-It-Yourself party planner.BestPartyEver.com currently lists over 50,000 vendors in 10 major markets. Industries include: Wedding Planners, Event Planners, Caterers, Party Supply Rental, Restaurants, Limousine Rental, Disc Jockeys, Beauty Salons, and more.Advertisers may register for free listings for their business, or chose from up to 5 upgrade options, some offering exposure on over 70,000 pages of the www.bestpartyever.com website.BestPartyEver.com was founded by Sally Strebel, of Cheers To You LLC, an Arizona Corporation, with the single purpose of helping...
Online degree > BestPartyEver.com - A New Online Resource for the Special Events Industry
SOCIAL WORK: A POPULAR CAREER CHOICE March is National Professional Social Work Month
There is no shortage of social problems, and the social work profession is always looking for a few good people. The theme of this year's National Professional Social Work Month is "The Power of Social Work: Pass It On."
March was first designated National Professional Social Work Month by The White House in 1984. Each March, the National Association of Social Workers recognizes the heartfelt efforts and hard work of America's dedicated social workers.The number of people who "want to help people" is great?in fact, social work is the 3rd most searched field on GradSchools.com.
According to government health statistics, 60 percent of the nation's mental health services are delivered by social workers.
Over half a million social workers wake up every day believing they will give a child, a family, or a senior citizen renewed hope.
Gary Bailey, MSW, president of the National Association of Social Workers (NASW), says, "The power of social work resides...
SOCIAL WORK: A POPULAR CAREER CHOICE March is National Professional Social Work Month
Online degree > SOCIAL WORK: A POPULAR CAREER CHOICE March is National Professional Social Work Month
EverythingFurniture.com Passes Milestone by Selling 10,000 Online Furniture Products
Corona, CA (ContentDesk) April 17, 2006 -- EverythingFurniture.com, a leading online retailer of furniture, announces that it has surpassed the 10,000 product milestone. This achievement was accomplished with the addition of several key suppliers. Offering one of the largest selections of any online furniture website has been an important factor in the continued success for EverythingFurniture.com, says Scott Perry, President and CEO of Everything Furniture Inc.
Because the online furniture retailer is not constricted by the walls and space of a bricks-and-mortar furniture retailer, EverythingFurniture.com has been able to offer its customers a large and diverse product selection. This product selection is one of the key aspects that appeals to its customers. A tremendous merchandising effort has been successfully implemented, Mr.
Perry says. We plan on adding an additional 10,000 furniture items by the end of the year. Mr. Perry states that there are many advantages...
EverythingFurniture.com Passes Milestone by Selling 10,000 Online Furniture Products
Online degree > EverythingFurniture.com Passes Milestone by Selling 10,000 Online Furniture Products
Choose The Right Vet, Your Pet?s Life Rests In His Hands
One of the most crucial and important of decisions a pet-parent makes it that of choosing a vet. It is the vet who will understand your pet when he gets ill and care enough to practice what is now popular as preventive health care.
Never choose a vet because he has a nice smile or a beautiful office or is cheap. Choose a vet who thinks about your pet the same as you do and always keeps the best interest of the pet ahead of all other considerations. The vet must love the breed that...
Online degree > Choose The Right Vet, Your Pet?s Life Rests In His Hands
nursing courses Online degree Million Dollar Ideas - How to Make a Million Dollars Online
power generator Online degree Million Dollar Ideas - How to Make a Million Dollars Online
Christmas and the Meaning of Gift Giving
Adelaide, Australia (ContentDesk) November 29, 2004 - Why do we give gifts for Christmas? You all know the story of the three wise men who saw a bright star in the sky and set out on their camels across the desert to find the newly born Baby Jesus. When they found Him they fell on their knees in worship and presented Him with their gifts of gold and precious perfumes.What about the most famous gift-bringer, Santa Claus? Santa Claus was a bishop called Nicholas who was known and loved for his kindness...
Online degree Christmas and the Meaning of Gift Giving gift baskets
Online degree > Christmas and the Meaning of Gift Giving
Online degree
This page loaded in 0.22028 seconds.