October 9, 2007

100 WAYS TO MONETIZE YOUR MACHINE

10 MORE MONEY MACHINES

Here we go from opportunity 31 to 40 today.

Maki’s Doshdosh survey was an inspirational gift from heaven. I learned about ten new money machine that had escaped my attention.

31. Only Marketing Survey Panels. Paid marketing surveys have always sounded a bit dodgy to me, but Jim’s idea changed my mind. "I have an IT background, and in my case I became interested in Market Research Surveys Online, after participating in several paid Information Technology Surveys hosted by Fortune 500 companies. I quickly learned that if you are knowledgeable, and willing to share your honest opinions, people will pay you for what you know. After joining several good market research panels, the light turned on: If I can make money taking surveys, I can probably make money promoting good survey panels."

32. Online Import-Export, according to Michael Walter, is not all that different from the real thing.

33. Build a Review Blog by Tobsy (and have ‘review’ in the URL). Focus on a broader niche. Like digital photography (it’s overrun, just an example). Write lots of helpful (!!!) reviews of products, websites, services,… Start monetizing right away. Put 8-10 125×125 banners in a sidebar, link to matching affiliate partners. When you get enough traffic, put up an advertising page and rent out the banners that don’t perform well. Look for affiliate partners for direct links in your reviews. If you’re offered free samples to review, take them. Write the review and give the sample away in a contest. If you can afford it, order reviews for your site. Be critical. If you promote crap, your readers will stop trusting you.

34. Options Trading. Apparently, it is easier than we think. The leverage is very high. Very low starting capital required. (You can start at as low as USD500) and generates an interesting passive income. But don’t do this at home ☺: you must have extensive knowledge prior to engage in real trading.

35. Invest in the Million Euro Wiki. An interesting suggestion by Matt Jones, Blogging Fingers) who auctions off his 'blogging page'

36. Sell Traffic, says Allan in Ideasbeta (a blatant act of self-promotion, as he calls it himself :-) His system seems sensible. If you generate 40,000 pageviews a day, you can make around $4,000 a month… I advise anyone who wants to quit his job to calculate his own target, and work to reach it. Believe it or not, but I first worked hard to reach that goal, and now I have the possibility to take a month off and go doing whatever I want. And those figures I’m talking about can even be higher when you start to optimize your pages and use affiliates instead of Adsense.

37. Buy Death. Dean Mapa, "One way I do it is watch out for expired domain names that are receiving traffic. I then purchase the domain name, build a website around it, build a bit more traffic to it, and then sell it through eBay.People like to see what they’re buying and it helps that a site is already up and receiving traffic even if I’m just selling the domain name."

38. Product in a Blog. An idea by Patrick Meninga of Spiritual River. Use your traffic and expertise to build a product and sell it via your blog.

39. Build Authority.
First and foremost, the bigger your site the easier to land direct advertising deals. And these are the best form of monetization.
Secondly, having 1 established site will give you the opportunity to launch many others, “lurking” into the success of the existing one. Just take a look at the “Crunch” network created after TechCrunch.
Finally, an authority website will also put some lights on your person, and you as a brand. This, in turn, can also give birth to many other wealth-generating projects.

40. Real Estate Income. This is an old-school idea. Buy a cheap property, renovate and rent it out.

Tomorrow, we are going to see the end of the first fifty opportunities for our directory of online money.