The Most Reliable Way of Making Money Online for Nigerians

Small Business NG posted this in Online Business on January 5th, 2012

What is the most reliable way of making money online?

You may have asked this question at certain times with no definite answer. Though there are certain online programs and ideas to make money with, but what you will learn is a guaranteed reliable format to make money online.

One important point to note in making money online guaranteed is this:

Money is in the List, to make money online, target a profitable niche market, build an email list, ask them what their problems are, create the product or acquire resell rights license to the product, supply to the list at a price and repeat the entire process.

So before you can make money online here are the things you need to do and this can be done in any niche market.

Target A Profitable Niche Market
Build An e-mail List
Ask people on your list what their problems are
Create the product and sell to them
Repeat the process

Here is a break down of each of the process above.

Target A Profitable Niche Market
A niche market is a group of people who share the same problems or interest and are willing to invest or spend money to satisfy their interest or solve their problems.
Take note that I did not say, target a niche market, but target a profitable niche market. What it means is that not all niche markets can make you money. So you need to do some research to find out a niche market that is profitable.
Now here are pointers that determine if a niche market will be profitable.

It must have a very high competition

It must fall within any of the following categories;

Money & Investments
Health & Fitness
Dating & Relationship
Information & Technology

It must not be a seasonal problem/market

It must have a high search volume on major search engines

It must be market viable; i.e. people must be willing to spend money.

Build An e-mail List

List – building is one of the most lucrative opportunities to make money on earth. Take a look at the growth of many companies today. A major reason why they are financially successful is because they have large subscriber base. They are actually list-building when they ask you to use their services.

A case study is the telecommunication network.

Look at MTN network which has over 40 Million subscribers on their network.GLO Network is following them with over 30 million and still counting. The interesting thing is that these subscribers will continue to buy recharge cards for their phones as long as the lines are active.
Besides, these networks continue to run promo on handsets, new tariffs, lottery etc to make more money.

It is the same when building an email list for your own Internet business. Your goal should be to capture the email address, phone number and name of everyone who visits your website using a simple online tool called a Squeeze page.
Once you do this, the only way to build rapport with people you meet online who have not seen you face to face is by delivering high quality content that will help them solve their problems.

You use free articles to do this and you sell at the same time. That way, your subscribers will know that you expect them to pay money for a product that meets their needs. They will only buy from you when they see that you deliver good contents, thus giving them a taste of your real product before they buy.

People don’t trust anyone online, however, they do trust anyone who give them good information online and can pay into their account without bothering to meet them one on one.

Ask Them What Their Problems Are

Once you have built at least 500 subscribers, you can start making money by asking them what they need answers to. You can do this via email surveys.
If you have been on my list for any number of years or months, you will know that I do this from time to time. Here is a sample of the email survey I use to find out what my list need from time to time.

Subject: I Need Your Help
Hello,
I need your help to help me determine how to solve your most pressing
problems.
What exactly are you having problems with when it comes to email
marketing to help you create an income.
Just click on reply and tell me and I will do my best to answer you
on time.

Regards
Your Name

Usually, this type of email gets the highest number of replies because of the subject line and at the same time, you get to know exactly what problems they are having and go ahead to either make research and create information manual that will help them solve this problem.
Because your subscribers are willing to solve this problem, they buy any product yo recommend or provide to them on the problems they are having.

Surveys like this help you to have an interactive email list and also make your email list more responsive to offers.

Create The Product And Sell To Them

There are three options when sourcing for the products to sell to your email list. Here they are;
1. You create the product yourself.
2. You acquire the PLR (Private Label Rights) to the product
3. You sell the product as an affiliate and share the returns with the owner of the product

The products you will be providing must be in any of the following digital formats;

E-books in PDFs

Videos

Audios

Memberships

Seminars and Webinars

Softwares, Scripts and Templates

The easiest online product to create is an e-book and you can easily create a 20 page content and value filled information e-book and sell for N2,500.

Repeat The Process

To make more money, repeat the whole process in another niche market, continue building and increasing the size of your email list, and you will witness unstoppable flow of steady cash to your bank account each day.

What I have just told you is the basic outline and blueprint that I use to make money working online and the same exact strategies many of my mentors have used to create 6 and 7 figure businesses per year.

Now, you have this knowledge it’s left to you to use it to enrich yourself.

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