Make Money Online Blog

Keeping up to my other post, “Make-Fast-Money, Make-Fast-Cash, Make-Whatever Scams,” I decide to make a post on how to ‘really’ make fast money online in 7 steps or less. So, here are the detailed tutorials on just that:

*Note this is an adaptation (more addition & explanation) from these “30 Days to Success” sample ebooks, which you can download here.

Step 1–MAKE A LIST AND TIME TABLE OF THINGS TO DO

The list of what you have to do is pretty obvious: to TAKE ACTION for Step 2 through Step 7 below.

Here is a quick list of what you have to do:

• Research and create an information product –
• Identify and sign up a group of potential customers ––
• Devise multiple streams of income – (optional)
• Choose back-end offers to multiply profits –(optional)
•Find partners to multiply your profits

Step 2–FIND OUT WHAT DEMAND AND SUPPLY ARE

A quick definition: demand is the people’s demand for a product (or service) and supply is the available supply of that product/service.

So, basically, if the demand for gas is HIGH and the supply of gas stations is LOW (just because you’re ‘imaginarily’ living in a desert), you can SELL your limited supply of gas to MANY people who are hungrily waiting to feed their mobiles/cars at a ‘reasonable’ HIGH price, thus increase your profitability.

We won’t discuss about the pricing here but instead on how you find your niche (which is a market of high demand for a certain product/service) and create your product. By the way, the product you will be selling is an INFORMATION PRODUCT, since it’s easy to create. I will show you how below, but let first talk about how to find a profitable niche, a market where you can sell your highly demanded information. This process will later help you create your information product too.

Research Your Niche’s Demand and Supply
Well, first before researching, you have to decide a topic you would like to do. So, get your pencil and paper ready… Ready? Now, list all the things that interest you and you would like to know more: think of something that is very very important that you’re dying to know more (e.g. how to wake up early everyday). As you can see pick a hard problem that many people have, so you can provide them with a ‘valuable’ information in exchange for the mullah ;).

O.K. Getting back to niche research. So now I assume you have pick your potential topics/niches. Next go to Yahoo! Answers to research the first part of the demand and ‘answers’ for your niche question or problem. Just enter in the keyword/problem of your interested topic into the “Search for questions:” search box (let say “wake up early”). Now, take a notice of the search result on your upper right hand corner of the search result page. Apparently, there are 2,989 queries for “wake up early.”

Preview those questions and you realize that there’s a DEMAND for thorough answer on “how to wake up early.”

Next, you want to collect a list of your potential customers, as well as TO CONFIRM the high demand of your niche (after all if you can’t sell your information product if there’s no customer :)). And one of the best ways to do this is to visit discussion forums related to your topic (you can search on Google or Yahoo! like this with quotation: [”keyword/related keyword” + forum].

Browse through & search the forum posts to see if there are similar queries to your problem niche. In the process, if you notice some helpful/detailed replies, just copy and paste those into your text editor like MS Word or note pad. These replies will be part of information product later =P.

Simply to quote from a contributor of 30 Days to Success:

“The amount of helpful and incredibly valuable information offered for free on online forums is unbelievable. One could make a fortune simply packaging other peopleÂ’s experience into a book!”

O.K. Let’s do some supply research now. So, again, go to Google or Yahoo! and search for your keyword/key phrase. Notice the titles of the top 10 results on the first page. Now, browse through all of them to see if the site offer any informative/helpful information on your problem niche. If they don’t, GREAT: less supply = less competition for you. And if they do, also GREAT: just copy and paste the helpful information in your text editor and the WEB ADDRESSES OF THE SITES as well. You’ll learn how to use these sites later to explode your profit too =P.

By the way, the reason you want to do the supply research via the search engine is because, if people can search on the search engine to ‘cure’ their problems, you will have a less number of customers. BUT–the good news is that if these people have already found the answers via the search engines, they would not have posted on the forum (Warning: some may be just lazy and just post on the forum for helps :). Nevertheless, you should do the supply research to see how profitable your information product will be. Again, HIGH demand and LOW supply = HIGH profitability.

O.K. That’s it for this post. Next time, we’ll take a look at details how to build a list of customers & create your information product in the “Make Money Online Tutorials” section.

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Until the next time…

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