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2007-12-02

THE BEST WAYS TO MAKE MONEY WITHOUT SPENDING MONEY

WAYS TO MAKE MONEY: # 1
Make money selling your own product
Yes, you can do this without spending money. This is the path most small business take - and probably the most profitable one.
It is also the most difficult one of the 4 ways to make money without money. It's difficult and time-consuming. If you're forced to do it without a budget, it will be even more time-consuming. But you're determined to build a profitable, long-term Internet business, right? Hard work is not a problem. Right?
The most difficult part of this method is the product development.
What can you make without spending a penny? Something that people will still buy from you?
The answer lies in information products. We all have marketable skills. You're an expert in something.
Do you know a lot about cars?
Write a mini-book on basic engine maintenance.
Know a lot about kids?
Write a book called "101 Ways To Keep 2-year olds entertained" - you've already got your first buyer right here!
This is really doable. There are people who'd pay to know what you know.

WAYS TO MAKE MONEY: # 2
Make money selling someone else's product
When you sign up as an affiliate / reseller for someone else's product, you refer people to the "supplier site" and you get a cut each time someone who you referred makes a purchase. It really is that simple. Probably the most doable of the ways to make money without money.
But you will only make money at affiliate programs if you can find a good supplier. One that's honest about tracking of sales and one that will pay on time.
I highly recommend the Biz-Logo.com Logo Design Affiliate Program. It's great if you target small business owners who might be in the market for a business logo or other graphic design work.
You can't believe everything you read about affiliate programs, but they can really make money. A significant portion of my own Internet income is from affiliate programs. There are a couple of things you have to get right though. That book I mentioned above also looks at some of the best ways to make money with affiliate programs.

WAYS TO MAKE MONEY: # 3
Make money selling advertising space
The idea behind it is to offer free information from your web site to pull in high volumes of traffic. Once you've achieved that, advertisers would pay you to display their advertisements on your site. This is probably one of the oldest and most hyped ways to make money without money.
It worked really well until the end of 2000. It's how Yahoo became big. With the dotcom bust in 2000, even Yahoo was forced to look to alternative revenue streams. Advertisers began to realize that, in most cases, web advertising is just not cost effective.
Nowadays most people don't click ads right?
Right?
Wrong! There's life in this old machine yet...
Contextual advertising (like Google's AdSense program) offers a real alternative to traditional advertising - and many web site owners are rediscovering this tried and tested way of making money from their web sites.

WAYS TO MAKE MONEY: # 4
Make money doing what you already do
This is not for you if you're looking to build a serious small business on the Net. It's the easiest of the ways to make money without money, but because it's easy, it doesn't pay much.
Very little in fact.
It mostly involves getting paid to surf the Internet and getting paid to take surveys. It's like stuffing envelopes for money. If that blows your hair back, type "getting paid to do surveys" into the search box at Google and hit "Enter". Take your pick. Don't expect to get rich though.

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