Make Money With Your Own Online Video Website

You only need to take a look at YouTube to see that videos are an extremely popular medium online. But you may never have thought about setting up your own site to rival it.

It might take some doing to reach that stage but you can make a decent amount of money from building up a video website of your own if you go about it in the right way.

But how do you make the money? After all you can’t really charge the users to post their videos on your site, since YouTube doesn’t and you will price yourself out of the market if you attempt to charge for the privilege.

So what options do you have?

The best way to get established in this arena is to think about how to get noticed. For example, are you going to accept any and all videos or are you going to create an online video website around one particular subject?

A targeted site may do better than simply trying to emulate YouTube’s success, as it will make you stand out from the crowd. What subjects are popular enough to build a site around, without breaking any copyright rules in the process? This is definitely an area where a lot of thinking is required before you dive in.

Unless you know a lot about web design and development make sure you get an expert to help you with designing the site so that it not only looks good but the videos themselves are easy for people to submit as well. While you won’t charge for membership you should still have a members’ only area in place where people can manage the videos they send in to the site.

Next you need to think about making money from your site. The easiest way to do that is to put Google Adsense ads on your website, in prominent places on every page. Make sure you tweak the colors and layout as much as Adsense allows you to though, so that they fit in with your layout. By doing this they will look a lot less like adverts and more like links to other areas of interest externally.

The idea is to get your own domain name and hosting before you set up your own site, but it could be that you don’t want to do this. Maybe you already have your own website? In that case, why not add a video section to the site you have now?

This can be a good way to boost your revenue since it adds more interest for people. Imagine you have a website about interesting and weird news stories from around the world. You could invite people to submit their own home movies of various events which happen, and put ads on those pages as and when you add them to your site. This is a great idea since it adds more depth to the site you already have, and encourages more click throughs for your adverts.

Regardless of whether you start from scratch or add a video section to what you already have, an online video website can tap into a big section of internet users who regularly flock to sites like this. And what better place to advertize than on YouTube itself? Don’t make it a blatant advert though

Free 21 Step Guide To Making Money Online

If you are serious about building an online income, then you have come to the right place. I have been generating an income online for the past 10 years and I am happy to share my proven method with you in the hope that my experience can help you fast track your own success.

In this 21 Step Guide, I will show you step by step how to…

Take the guess work out of choosing a topic for your website – Choosing the right topic is a crucial step in determining if your site will be a success or a dud.Get your hosting account and website setup with ease. – This really is a lot easier than most people think, just a few clicks and you’re done.Get your site ranked in the search engines for loads of free traffic. – This is probably the most important step, without traffic, you will not make any money.Setup your monetization method so your site can start making money. – There are lots of ways to do this, but I will show you the simplest.Repeat the process as many times as you want to, until you are earning whatever income you desire.

In the past I have sold this Guide for $95, I have even taught this content in a seminar format for over $5,000 per ticket.

But today I am offering it to you absolutely free of charge.

All that I am asking of you, is to complete the survey below with honest answers, an then once you have submitted the survey I will email you a copy of my 21 Step Guide.

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What I Did Right When I First Started Online

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Following my discussion on the Internet Marketing Mistakes I Made When I First Started Online, today I shall share with you .

I hope my experience can help shorten your journey to online success.

Here we go…

1. Understand The Principles Of Success

I always find reading boring until I discovered a section called Self Help in the bookstore. Since then, I became a self help junkie, reading all kinds of books and attending all kinds of seminars on success, communication, sales, wealth creation, mind power, brain power and even spirituality.

All these readings eventually led me to quitting my job, starting a few brick-and-mortar businesses and failing at every one of them.

If I had given up my dream then, I may now be another skeptic of success philosophy.

But when I turned to online business, everything I’ve learnt began to apply. Be it the law of giving and receiving, the theory of delayed gratification, the concept of focus equals to power or the idea of think and grow rich, all the principles of success that I’ve learnt are now the foundation of my online business.

Personally, I think such foundation is very important because it keeps me focused on what is really important in building a successful business (or even building a successful life), instead of simply chasing after the money.

2. Learn Programming

Many gurus suggest that a marketer should focus on driving the business and should outsource other technical stuff such as website creation to others. For me, I prefer to learn and do it myself.

I’m not trained in HTML, PHP or Javascript, but I make it a point to learn enough so that I can communicate with my programmer at the same level and do minor programming or debugging work when necessary.

The advantages of knowing about programming are as follow:
i. I can save money on simple programming work, since I can do it myself.
ii. I can respond faster to any bug report and system improvement.
iii. The more I understand about programming and its strengths and limitations, the more ideas I can come out with.

3. Build Something

The idea of affiliate marketing sounds great - making money selling other people’s product, with no worry of customer support. Hence, many internet marketers started as an affiliate.

But what I do differently from other affiliates is I will make sure that in the process of promoting as an affiliate, I build something that belong to me.

The idea of building something is very broad. You can build a list, build a reputation, build a traffic funnel, build a network of people or build a virtual real estate.

For example, if I want to promote a forex product, instead of simply posting adwords to send traffic to the product or building mini site specially for that product, I will create a forex content site or even create a forex web service. I’ll promote my own website instead of promoting the affiliated product directly.

If the product that I’m promoting is discontinued, I can always promote other similar products. The most important thing here is I’m spending my time to build something that will give me traffic in long run.

4. Go Passive

Let me ask you a question. If you can spare 1 month of your time, would you spend that month doing something that will earn you $5,000 in one go, or do something that will earn you $200 every single month?

Some people told me that they’ll choose the $5,000 option, and they will repeat the process and earn more $5,000 every month. After one year, they would have earned $60,000!

But for me, I will go for $200 every month. I will repeat the process to earn more of such income. My first month may be merely $200, but if I spend 1 year to build the same kind of income, I would have established $2,400 every month by the end of 1 year, and $24,000 every month after 10 years. After 10 years, I can stop working and still earn $24,000 every month, whereas in the first case, once you stop working, your income stops.

You may think this is an ideal situation and things may change. You are right. There is no real passive income. However, with such income, I can stop working for weeks or even months and my income will still be pretty stable. More importantly, I don’t have to worry if I can pay my bills next month. This gives me peace of mind to continue building even more websites and earn even more.

Different people prefer different ways of doing things. What I’ve presented above is what I THINK I’ve done right. You may have different experiences. Whether you agree or disagree with me, leave your comments below, so that others can decide what is the right thing to do for them.

Read This Before You Start A New Online Business

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What are the most important things to consider before you venture into a new online business? Is it the technical know-how? Or perhaps it’s the traffic strategies?

In today’s blog, I’ll give you a checklist that you can refer to whenever you want to start a new online business.

1) Is the market easily targetable?

Before you do anything, you need to make sure that the market you are trying to get into is targetable. What I mean is your prospects should belong to a community that you can easily locate. This is important because when your business is launched, you need to know where to look for your customers.

This may seem common sense, but in reality, many netpreneurs believe that their product targets everybody. As a result, they advertise everywhere and have no idea why the traffic doesn’t convert.

2) Is there a problem in the market you’re targeting and does your product address to that problem?

In most cases, a business idea is generated when the founder faces a problem that he fails to find a good solution in the market. If this describes the cause of your business idea, then congratulations, as you’ve found THAT problem.

However, if you have no idea what problem your business is solving, you really have to think of one and sell that idea as a problem. Otherwise, you are going to have a hard time convincing people to buy your product.

3) Is your product unique in the market?

To me, this is the most important point before I take action on any business idea.

If you have studied marketing, you may recall the term USP, which stands for Unique Selling Proposition. A good USP is one that not only provides a solution to the problem in Point 2 but one that is unique.

You don’t have to be Einstein to create a unique product. A product can be unique by simply combining two or more ideas into one, or it can be an idea that exists in some part of the world but not found in your territory or country. Or it can even be a cheaper way of providing the same solution and the low price itself can be the uniqueness.

No one can tell you if one USP is more profitable than another. This is where your vision comes into play.

4) Is there a viral component to your business model?

If you think getting traffic is tough, that’s because there isn’t a viral component to your business model. If all the traffic has to be generated by you personally, it’s just a matter of time before you give up internet marketing.

To truly understand the meaning of viral, look at Facebook. While most people think Facebook is doing the world a favor, by providing a good platform for people to connect, in actual fact, the world is actually doing Facebook a favor, as every Facebook user is a free promoter of Facebook, helping Facebook to expand its user base.

Viral components can include many things, from having an affiliate program to providing viral tools. However, the best form of viral component is a system that can easily convert your users into your affiliates, without them having to intentionally promote your website. This means the more they use your product or service to benefit themselves, the more they promote you!

5) Do you have a traffic retention strategy?

Getting traffic is easy, keeping the traffic is harder, converting the traffic into sales is the hardest. A good traffic retention strategy will help you keep the traffic that comes to your website, so that you not only have more chance to convert the traffic into sales, but also have more people promoting your website, if you’ve done the right thing.

The most common form of traffic retention strategy is getting people to optin by giving away freebies. As I said, this is the most common form but with more and more marketers using such trick, you need to be more innovative than that in order to stand out from the rest.

6) Do you have an automatic sales conversion strategy?

People need to be reminded to buy from you. If you need to do this manually, both you and your prospects will get sick and tired of it. Instead, what you should do is to think of a subtle sales conversion strategy that is always reminding your prospects that there is something better waiting for them.

Imagine a person who needs to get from point A to B everyday. He can either get there on foot or take your taxi. It will be annoying if you were to approach this person everyday. Instead you just have to make sure that he sees you everyday and he knows about your offer. One day, when he sees the value of your service, he will buy.

7) Is the need for your product long-lived?

If you sell something that people will only need to use once, you will have to find a new prospect after every sale. That is tedious.

On the other hand, if your product can service a person for live, like an insurance policy, you are going to have recurring income from every sale you make.

Another way of looking at ‘long-lived’ is are you selling a fad? A fad is something that suddenly bursts into a full buying frenzy and then, just as quickly, fizzle out. If you are selling a fad, you may be making some quick money but such income is not lasting. Soon you will be back to square one and you have to start all over again.

Online Success WITHOUT Social Media Marketing?

Ileane

Hi Lisa,
If you have an online presence you should use some form of social media. The vast majority of people coming to your site will be looking for other ways to connect with you and social media is the quickest way to do so. If you have a new blog, I’m willing to bet more people will keep up with your posts via social media than they will with RSS. Most people who use RSS hesitate to add a brand new blogs to their feed, but they’re more likely to follow your tweets until you prove yourself worthy.

Reply

5 Questions I Hate Answering About Online Business

  I don’t work for AdSense and the info I share is only based on my experience.

Remember, AdSense doesn’t disclose information about how much you earn per click. Sure, you can figure out an average by taking your total earnings and dividing by how many clicks you have, but that will change from day to day.

Advertisers constantly change their bids, which causes the amount we earn per click to fluctuate on a daily basis.  The best way to ensure you are maximizing your earnings with AdSense is to work on building traffic.

I’ve also noticed over the years that I am earning quite a bit more per click. Twenty clicks today seems to be worth way more than it was 5 years ago.

There definitely seems to be a correlation between EPC (earnings per thousand) and how popular/trafficked your site is.   My overall clicks are down for AdSense, but I had a record month in July 2011 simply because of my EPC.

Bottom Line:  No one can tell you how much you’re going to make with AdSense because there are too many unknown variables.

4) Do I need a blog and a static website?

Before you decide if you NEED anything, you should develop a strategy.  What is your blog going to do that your static website does not do (or vice versa)?  What will it offer that’s different from your original site?

Don’t just create something because you are feeling the pressure to have what others have.  Make sure you have a strategy in mind.

5) What affiliate programs should I join?

If you are basing your monetization strategy off someone else’s niche or success, you are not building your own business.  You’re just copying someone else’s business model.  While that may work for some, it usually ends up in boredom and/or failure for most.

You can earn a lot of money from almost any affiliate program if you learn how to build a popular website and convert your visitors into customers.  Period!

Something in Common

If you notice, most of the questions above are based on the one-size-fits-all strategy, which is the wrong approach to business.  Everyone is going to have different experiences online based on their work ethic, motivation, interest, niche and more.

Using stats from successful sites for motivation is fine, but using their exact model as a benchmark for your own site can be very misleading — especially if you haven’t developed your individual strategy.

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