With our process it starts with the market, not a website. Specifically what we look for are established markets that have not yet transitioned to online sales and marketing. Most of these niches are not sexy at all! But many of them are very well established markets with a strong sales history. We are making the bet that the majority of purchases in the future will either be educated, initiated, or made online. What we don’t know for some industries is if this will be tomorrow or 5 years from now. For some niches it can take time, but if you are patient and believe this to be true, you could find yourself with first-movers advantage online. This approach has helped us to be successful not only in building niche websites but entrenching ourselves in lucrative markets. Websites come and go with the Google algorithm, dominant market players are much tougher to unseat.
If you’re looking for inspiration, my friend Michelle Schroeder-Gardner of the website Making Sense of Sense has become the expert on all things affiliate marketing. Michelle earns more than $100,000 per month from her blog and the bulk of her income comes from affiliate sales. Michelle has had so much success with affiliate marketing that she even has her own course called Making Sense of Affiliate Marketing.
Finances. You need to be good at quick math and be able to make quick decisions. You have to be careful how much you pay for a book, and then keep careful track of the expenses involved in selling it. For instance, when you sell on a website, they’ll take a commission from the sale. In addition, some sites, like eBay, will charge you a listing fee for each book. If you request that your money be deposited via PayPal, then you’ll be charged a transaction fee per book. If you’re not careful, the fees will quickly negate your profits.
Bookscouter will give you Amazon.com's trade in value, where you mail Amazon the book and get a gift card, they will not give you the used selling price because it's hard to compare apples to oranges. You may be able to get more for your book by selling it as a used book on Amazon, so be sure to double check that price. As an example, the trade in value of a book I looked up was $7.87 but used copies were on sale for $19.87.
Yet another Amazon service providing the possibility to make money online is the Audiobook Creation Exchange. You can create a standalone audiobook, or create an audio version of your eBook as complementary media. And you can narrate your audiobook yourself, or Amazon can put you in contact with a professional to help. Once sold, you can then earn up to 40% royalties per audiobook.
This is a simple method that ANYONE can do to make money online with no money needed. Yes, you read that right. The age old saying is “it takes money to make money” but I’m going to show you how that is not true. I’m going to show you how I showed a friend of mine who was as a broke as a joke to make money online starting out with nothing. Here’s the secret, become a middleman. Now, that won’t satisfy you because you want to be spoon fed. Fine, I’ll throw you a bone. I’ll throw you a big bone. Open wide, here it comes.
You can earn above average rates of return because peer-to-peer lending eliminates the bank function. That means that you participate in nearly the entire interest rate being paid by the borrower, rather than the less than 1% that you will typically earn on certificates of deposit. And you can reduce your risk by investing in slices of hundreds of different loans.