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Make money on the web: 5 sophisticated ideas

In the summer of 2008 a height. A well-dressed man came into my office to inform me about a new investment opportunity. It was an investment in a new kind of online business, and while he was explaining the prospect he was going to leave me, he made a very memorable comment. My objection to your investment offering was that the internet is a difficult investment medium because there is no actual underlying asset to which to link the investment capital. They are only ones and zeros (computer code) Unlike other investments that could be sold in the worst case, an investment on the Internet did not have any underlying asset to offer as collateral to its investors.

Well that’s obvious, but here is the memorable response you gave to my casual objection. He said that’s true, but why did Google pay two young men who worked in its garage $ 2 billion for a video-sharing website “You Tube” .com

Doesn’t Google have the expertise to create its own video sharing website? Couldn’t they build one in less than a day?

Why would Google invest so much money to acquire that business? (YouTube.com) I replied, I really didn’t know.

He replied, because YouTube has an underlying asset. That asset is the 20 million member names who are actively using the site. He went on to explain that this is the underlying asset and a membership list of up to 100,000 is quite a marketable asset.

In the end, I didn’t invest in this website, but that conversation always stuck with me.

1) To make money on the web, the ultimate goal of any serious entrepreneur is on their website’s loyal user list. The list is the main underlying asset of any online business, as clearly illustrated in the YouTube / Google acquisition.

This first point is number one on my list of 5 sophisticated ideas to make money on the web. Work to create a list!

2) Do you have a digital camera? Did you know that there are websites that will allow you to upload your happy photos, where webmasters can download them for a fee? The more images you have in your portfolio, the more money you can earn and believe me, they don’t need to be high-end photos, many webmasters prefer gritty and less polished images.

3) Can you make crazy videos? Have you ever been uploaded to YouTube? Why not go to ClickBank and choose a product and make a fun video on the topic of the product and put your affiliate link at the end of your video. If you take a lot of hits, you can expect a decent return on your time!

4) Can you write a book? Go to cafe express, they will print one copy or a million copies for the same price. Get a serial number for the book and post it on Amazon, then start marketing it through blogs and social media. New York Times Bestseller List # 1 … here we go!

5) Sell shovels! During every gold rush on Earth in the past 500 years, from California to Australia, the many who came with the gold rush generally went home empty-handed, with only a small percentage finding gold. But those who opened stores that sold jeans and shovels, cleaned! This same financial strategy can be applied to the Internet. Look for the next craze and don’t join the crowd, but see what things they’ll need and sell those items to them!