I’ve mention various ways of making money through buy/sell products and services in my previous post. This post i will mention the 2nd type of money making online, earning money via advertising revenue.

Webmaster

Create websites with informative content or develop a niche community. Sell flat rate banners, cpm banners, text links, newsletter plugs. Leverage on the ad networks such as Google Adsense, Text Link Ads… They have a pool of advertisers.

Blogging

This is a more specialize type of webmaster. Same as the above, earn revenue by selling links and banners. There are many people do blogging as their online career. On top on the normal marketing, promotion and seo, successful blogs usually have the same traits, exclusive information, entertaining posts, interesting personal opinion.

Please do take note, before you consider to take the above 2 routes, you need to understand before you can really live off as webmaster or blogger it takes lots of time and effort for a website/blog to be developed and start earning revenue from it. It could take years… just remember… it is not an easy route.

Domain Parking

Besides buying and selling of good domains. You can earn revenue by parking your domains. Successful domainer is able to live off by just having good quality type-in domains and expired traffic domains. There are parking services such as Sedo, NameDrive, etc… letting you park your domain and earn some revenue through it. However, this is not an easy route either. Domain names are like virtual land plots. You want to live off with domain parking revenue, you will need to have capital to buy quality domains with traffic.

Opportunities

Main avenue to find private advertisers is through webmaster forums such as digitalpoint, sitepoint. Ad network such as Google Adsense, Text Link Ads provide a huge marketplace for advertisers and publishers. For domain parking, there are specialize network to provide revenue domain parking service, Sedo is one of the largest revenue domain parking provider.

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SiteFever RSS Love

I’m feeling some love from visitors subscribing SiteFever RSS With more love.. i am motivated to post more Thanks everyone. As i’ve been always recommending, by providing Full RSS Feed, your visitors do not need to visit the site daily, able to read everything aggregated in their RSS Reader and i dont mind as long as readers feel that my article is useful.

My previous post mention about the misconception of making money online when people trying to start an online career. There are actually many ways to start off your online business career. I will split Ways Of Making Money Online into 3 main types. Now… we are talking about legitimate ways to earn money online, not ways of scamming online Since people will commonly associate online business with online e-commerce business. I will start off with buying and selling of products and services online.

Sell Stuff

• Sell own products online. Suitable for people already have physical store.
• Sell eBooks/Information. Compile your knowledge. Anyone can try to make their own ebook, especially great for writers. You compile data, info found online into reports.
• Sell stock photos/images. Suitable for photographers.
• Sell Websites. Develop websites according to current popular niche and sell them.
• Sell your junk in your house! No more junk? Sell your friends and relatives junks! No more… sell other peoples junks. 2nd-hand market is a big market out there especially you are selling them without geographical limitation. It is a junk in US but could be a rare stuff in Latin America.

Resell Stuff

• Resell products. Buy products wholesale and markup the price by a little.
• Dropshipping. Similar to resell but it is better as you do not need to hold inventory.
• Resell webhosting. If you have a little more technical skill. Resell server and webhosting.
• Resell Content/Scripts/Data. There are many people out there offering resell rights of their content, scripts and data.
• Resell Websites. It can be turnkey sites that you get from elsewhere or website flipping. Purchase a potential website, flip it later for profit.
• Resell Domains. You can be a domain reseller helping others to register domain. Or register/buy potential domain in secondary market and resell it at a later point.

Find Products To Sell Online

Sell Service

• Freelancing. Provide programming, web/graphic designing, writing services.
• Script Installation. Not everyone is technical enough to setup/configure script for their website especially those open source scripts where support is minimum. This can be a niche.
• Support Service. It can be server hosting support, forum support, live support.. some people hire support because they are not knowledgeable enough, some just want to save time.
• Posting Service. Posting service is very popular at one time. (forum posting, blog posting)
• Data Mining. Helping others to gather data of a certain niche.
• Virtual Gold Farmer. Earn As You Play Online gaming has created this industry. Earn virtual game money/ items and sell for real cash.

Opportunities

2 main typical avenues to find opportunities of the above buying and selling are auction sites and forums. Auction sites such as eBay provides a huge marketplace for buyers and sellers. Such sites even provide easy tools to setup online store through them (eBay store, Amazon store). For forums, there are lots of large forums of various niche (webmaster forums, webhosting forums, automotive forums, gaming forums …). Specialize on a niche, you can easily find your target consumers there. You never know when a lurking visitor becomes a customer utilizing your service.

Check out my next part of Ways Of Making Money Online.

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I know i am suppose to post “Ways Of Making Money Online” but i just saw the news about Google share price breaking $600. So i will quickly mention it before i make my next post

In the past, few months before the dot com burst in 2000, some analyst predicted Yahoo to reach $600 price target but it was never reached.

On the first day of trading in 2006, analyst Safa Rashtchy from Piper Jaffray predicted Google to reach $600. I remember reading an article how some analysts are skeptical about the prediction.

I briefly capture a screenshot of GOOG price at $603.83.

Now some analyst predict Google share will reach $700 by end of 2008.

Although i never purchase Google Shares (very expensive), but I LOVE GOOGLE that is why i am excited

Way To Go Google !!

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In this recent decade, i’ve realize everywhere, government agencies, schools, private organizations heavily promoting the idea of entrepreneurship. They are trying to introduce such concept to as young as high school students. And everyone wants to be their own boss. So…. what’s the best route to start a business with minimal capital and a chance to be success as entrepreneur? Hmmm… how is the idea of web entrepreneur? Well, you all know what are the advantages, so i will skip that. What is extremely important is that you will need Time (lots of), Effort (lots of) and Determination (lots of x1000). This is no different from traditional entrepreneur.

However, there is one common misconception of making money online. Whenever someone told me they want to try doing business online, their idea is to start an e-commerce online shop selling stuff such as clothings, accessories, etc, because they dont need to have the inventory, initial investment is just the web store. Or provide web design, web development, programming services. Recently, blogging perceived as one of the common idea to make money online.

Why do many of the inspired entrepreneurs who tried to do the common ideas above and not successful.

e-Commerce Store idea

Most thought that just setup an ultra beautifully designed site, put online and ….. wait. After few months of “no business”, they conclude it is a failed venture and give up.

Web Design / Development idea

Did not actively look for clients through online means (forums, freelance sites) and offline (family, friends, business contacts). This is a continuing process. Once you decided to be lazy, you failed.

Blogging

Having “3 minute interest”, blog for a while, doesnt seems to earn money…. give up.

There are actually many more ways to make money online besides the above few common ways. Some ways need to have more technical skills, some do not. Check out my next post about different ways of making money online.

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I took this picture for my previous post regarding iPhone site ideas. Halfway writing the previous post… I found out something fun about the picture.

Did you realize anything special about my iphone picture? Except that little cute Tatty Teddy bear

The Coincidental Phenomenon Of Number 4

Day 4 of the month.
Day 4 of the week.
Hour 4 of the day.
Minute 4 of the hour.

AND …

The 404 Phenomenon

404 - 4:04
404 - Thursday, October 4

And… this post is posted on the 404 phenomenon date time.

Hmmm… alright… i have weird logic at deriving lame stuff.
Hahahaha… anyway… this is fun

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Has anyone caught the iphone virus? I did

One month ago, my mobile line contract ended and i was considering changing a new mobile phone that should look sleek. While browsing some cool looking mobile phones online, i suddenly remember about iPhone. I went to look for information of unlocking iphone and saw some articles saying that iphonesimfree is able to unlock iphone (use any sim card) by software for a fee, so i decided to go ahead and bought an iphone from eBay. By the time my iphone reached me, a free unlock software is available. Thanks to iPhone Dev Team. I unlocked my iphone with ibrickr

With the $200 iphone price cut from Apple and the free iphone unlock software available, there is a surge of sales for iphone… “worldwide”. You can expect more and more people trying to search for iphone related information or stuff online. Check out the number of searches for the term “iphone”. Over 20k searches daily!

You can take this chance to jump into the iphone wagon
Some simple ideas flow in my head. Websites that we can consider to setup.

iPhone Directory
There are many iphone sites coming up definitely. Since alot of people like to setup directories, why not setup an iphone directory listing iphone apps, iphone blogs, iphone forums, iphone sites, etc, instead of setting up more boring typical web directories.

iPhone Application Listing and Reviews
Similar to directory but this is more specialize. It should provide not only a comprehensive list of iphone applications but also with author review and visitor reviews. Based on the app list in ibrickr, there are many new useful and fun iphone apps emerging every week.

Optmize Sites For iPhone
This iphone game site made its layout best view in iphone.

iPhone FAQ or Forum
There are definitely lots of people encountering problems unlocking iphone, using of iphone, asking of iphone apps, asking where to buy iphone accessories.

iPhone Accessories
Since local shops (outside US) might not have iphone accessories. Those iphone owners will most likely get the accessories online. So setting up an online iPhone accessories store or eBay store with iPhone stuff is quite do-able. You can do dropship or resell of 3rd party iphone accessories.

iPhone Blogs
Follow the crowd… setup a blog and post any info and news about iphone.

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Loss of money caused by laziness. That was what had happen to me last month

I’ve been receiving server harddisk going-to-fail email notice from cpanel regularly since March. As the server seems to function normally and no significant performance issue of my sites in that server, and i’ve also setup cpanel backup to automatically backup my data regularly to 2nd harddisk … so i thought i can procrastinate to fully backup my disk manually and delay changing a new harddisk.

In the fateful month, September on the 10th, my server finally crashed. I have 3 fairly active game sites, over 10 mini-sites, over 50 parking domains and my main email account hosted in that server. When the server rebooted, all the services were down, file system corrupted, the server admin said it needed an OS reload. I thought, “Well…Ok.. i can quickly move the files over from my 2nd backup harddisk and re-setup everything within 1 day”.

However, stuff always does not goes well as you’ve thought. My 2nd harddisk does not contain the latest backup data! My configured Cpanel backup stopped backing up in April, most likely related to soon-to-be-crashed 1st harddisk at that time. This time i am really upset.

Fortunately, I am able to recover the most of the files back from my local storage as the files doesnt changed too much but the most important is the database data 2 of my game sites that are using database are quite active. I did consistently backup 2 of them monthly manually and able to recover data losing only 1 month. The 3rd site, Browser Games Directory, i’ve lost 6 months of data. After 4 days of struggling to recover data, I finally managed to migrate, recover most of the data and bring everything up and running.

My laziness caused me to lose, site revenue, domain parking revenue, database data, emails and traffic loss due to loss of data and downtime.

Even though most of us know that we need to do regular backups, the fact is that most of us dont do it. Probably because we are too comfortable with positive thinking in everything.

After this expensive lesson, i am more cautious and take backup more seriously. This time i will regularly check my backup even if it is automated… I will also going to backup data remotely in case the backup disk in the same server fail… and manually do database backup for very important sites consistently.

My appeal to all of you out there…. Please treat backup process seriously and make sure your database really did backup by automated process. Spare a few minutes of your time checking regularly prevent loss of months of hard work.

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