Professional Documents
Culture Documents
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How to Make Money on the Internet
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How to Make Money on the Internet
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How to Make Money on the Internet
Michael Daehn
www.MichaelDaehn.com
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How to Make Money on the
Internet
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How to Make Money on the Internet
Copyright © 2009 by
marketingenious Books
All Rights Reserved
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For
Ivan
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How to Make Money on the Internet
INTRODUCTION....................................................................................................................14
...................................................................................................................................................17
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Offering Services ...........................................................................................................26
Providing Information ...................................................................................................27
Selling Advertising ........................................................................................................28
Selling Banner ads .................................................................................................... ............28
Keywords ...................................................................................................... .......................29
Other advertising methods ....................................................................................... .............31
HOW TO GET TRAFFIC TO YOUR WEBSITE ......................................................................................32
Search Engines...............................................................................................................32
Organic search results.................................................................................................... ........35
Organic results and the Golden Triangle ..................................................................... ..........35
How to get ranked high in organic search results............................................................ .......40
Google Juice.......................................................................................................... ..........40
Link Love........................................................................................................... .............41
Black Hat versus White Hat SEO...................................................................... ....................42
Using Banner Ads...........................................................................................................43
Email Marketing.............................................................................................................44
Social networks..............................................................................................................45
Trends in social networking.......................................................................................... .........46
Social media...................................................................................................................48
Subsites and microsites...................................................................................................49
Blogs...............................................................................................................................50
Mashups, feeds and gadgets...........................................................................................52
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....................................................................................................................................................67
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4. TYPES OF WEBSITES ......................................................................................................68
COMMERCE SITES .....................................................................................................................69
PROMOTIONAL..........................................................................................................................70
INFORMATIONAL .......................................................................................................................70
KPI's ..............................................................................................................................71
Web analytics .................................................................................................................72
Webtrends ................................................................................................................... ..........73
Google Analytics ................................................................................................ ..................74
Which analytics program is right for you? ....................................................................76
Other measurement tools ...............................................................................................76
Google Page Rank ............................................................................................... .................76
Google Alerts ................................................................................................................... .....76
Blog search................................................................................................................. ...........77
Comment search..................................................................................................... ...............78
Forum discussion search................................................................................................ ........79
Twitter search ................................................................................................... ....................80
More tools ............................................................................................................................. 81
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CONCLUSION........................................................................................................................87
....................................................................................................................................................89
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How to Make Money on the Internet
Introduction
I was watching TV one lazy Saturday morning
when I saw an advertisement for an educational
package selling DVD’s about how to make money
with your own website. My first thought was “this is
kind of cheesy, I could make something like that.”
Then I thought about how this company probably
made a million dollars in sales while I was sitting
there bagging on their commercial. If I could create
something like that, then why don’t I?
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I’m foregoing the bad acting and poorly lit
informercial. This book is more my style. Once I got
started writing I found myself pouring out more and
more information. One thought lead to the next and I
ended up with what I believe to be an excellent
primer for marketing on the Internet for
entrepreneurs, students, and executives alike. There
may even be a new trick or two in here for seasoned
veterans.
My background is marketing, but I have had the
advantage of working with and seeing many sides of
how the Internet works. The best sites are built by a
team that understands design and user experience
on the front end and making the site work technically
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and forget it scams I see advertised. Sure your site
can make you money while you sleep, but only if you
have put in some hard work and/or resources up front
to make it worth while for people to visit.
I love the Internet. It is a powerful tool that is
letting more people get into the game and change
their lives without a huge capital investment. A little
knowledge and passion go a long way if you are
willing to do your homework. Good luck on your new
site, be sure to send me a link. See you online!
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Michael Daehn
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The Great Democratizer
The Internet is unique in that just about anyone
can start a page and share in the global economy
with a minimal capital investment. Even if you don’t
own your own computer, you can get borrow one or
use one at the library to start your own website. And
with the number of free website building and hosting
tools available, just about anyone can start their own
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Selling Products
For the past 100 years the best way for most
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manufacturers to get their product to market was to
use some type of intermediary. Salesmen,
wholesalers and retailers provided a great service in
getting products to market. With the Internet the
creators can now go straight to the consumers.
Authors can sell directly to their readers. And if you
would rather have some help, there are now masses
of people willing to help you distribute your product
via their websites. Times have changed indeed.
So the first way you can make money on the
Internet is to sell products, either yours or someone
else’s, directly to the public. These types of site
usually require some type of electronic shopping cart
so that you can allow people to pay for products.
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Selling Services
Of course not all products are physical and
selling services has never been easier when using the
Internet. Now lawyers, consultants and educators can
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provide information and/or advice and charge for it
through their website. Using tools like Internet files,
discussion boards, and web conferencing makes the
service professionals available to a wider audience.
Location is no longer an issue.
Driving Traffic
Not everyone wants to sell products or services
from their website, but they do need to drive traffic
to their business. Creating your own web page is a
great way to get people in the door of your physical
location. Why pay for a small ad in the corner of the
Yellow Pages when you can have your own full
featured web pages with all the advertising and
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Selling Traffic
Maybe you don’t have anything to sell, but you
do have something to say. Having a highly trafficked
website is a great way to make money. Selling ad
space on your site is one of the best and most
popular ways to make money on the Internet. The
more eyeballs you have viewing your page, the more
you can charge advertisers to place their ads.
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Choosing Your Product to Make Money
Physical Products
The Internet is a great place to sell physical
products. Consumers are flocking to the web to find
deals that can’t be found in retail locations due to all
of the middlemen involved. By taking your product
directly to the customer they save money and you
make more profit.
For example, when an author works with a
publisher there are lots of in between people:
• Author
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• Publisher
• Book Wholesaler
• Book Retailer
• Customer
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Removing all those people in between you and your
customers makes you more money and allows you to
offer a better price. The Internet allows you to reach
and sell directly to your customers.
Offering Services
The Internet is a great way for service providers to
connect with their customers and meet the needs of
their customers even if it is not face to face. Here are
some of the services you can now provide to
customers through your website:
• Consulting
• Education
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• Advice
• Resource Management
• Recommendations
Providing Information
The Internet is a great way to reach your target
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audience and sell information. If you have access to a
database or specialized information you can charge
your customers to view it. Here are some of the types
of information sites where you can make money:
• Real Estate
• Investing
• People Finding
• Consumer Reports
• Book Summaries
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Selling Advertising
Maybe you don’t have any of your own products
or services to sell, but you have a lot of people
visiting your site. You can monetize the “eyeballs”
you have viewing your site’s content by selling
advertising to other people.
You may have heard of some of the 17 year old
kids that started blogs that are now raking in $15-20K
a month. They took a hobby like trains or fishing and
starting writing about it. After a while they had a
huge audience coming to read their reviews of new
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products, or to comment on their stories.
Advertisers were eager to use these sights
where people were going to promote their products.
They were able to sell their related products to a
targeted audience. The kids started raking in the
dollars by placing ads on their websites.
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Banner ad related to website content
Keywords
Instead of banners, you can allow for small text
advertisements to appear on your site. Google has a
great advertising program that anyone can sign up
for called Adsense.
Go to google.com and sign up for a free Google
account. Once you have a Google account you can
sign up for the Adsense program. They will walk you
through how to put the ads on your site and you
make money anytime someone clicks on an ad.
If you don’t have a site, Google will give you one
for free using their blogging program called Blogger.
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They’ll let you set up a site and host it for free and
you can switch the Adsense program on very easily
using their site.
The great thing about keyword advertising is
that it is able to change from page to page and
presents ads that are relevant to the information your
visitors are reading. In many ways it becomes a
helpful resource for your site visitors.
There are many other companies that offer
similar programs like Yahoo! and Microsoft, but
Google is the biggest and very easy to use, so I
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recommend you start there.
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Other advertising methods
While banner ads and keyword advertising are the
most popular, there are lots of other ways you can
make money selling advertising on your site. Here
are some of the other tools available:
• Popovers
• Popunders
• Videos
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• Animation
• Audio
• Flash demos
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combination of the two can be very effective.
Search Engines
Most people use a search engine to look for
information on the web. Google is the most popular
search engine today, but others include Ask, Yahoo!
and Live (Microsoft). There are two types of results on
search pages, sponsored (paid) results and organic
results.
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Driving traffic and increasing PageRank
©2009 by Michael Daehn
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particular. Heat maps show that people naturally look
to the left side of the page about one inch from the
top.
In fact most people do not naturally look to the
right of the page where Google serves the majority of
their paid advertising. The heat map image below
shows how people view a Google search results page.
The brighter the area, the more people viewed it and
for a longer amount of time.
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Google Search Results Page Heat Map
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the areas in the first screenshot, but notice how
difficult it is to distinguish the organic and paid
results on the non-highlighted page.
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Many companies have kick started their website
with paid ads, and transitioned over to relying on
getting organic results once people became aware of
their site.
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Google Juice
Though PageRank is the official name, many
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people call page ranking Google Juice. When a high
ranking site links to a lower ranking site they can
bring up the rank of the lower site, and vice versa. If
you can get a high ranking site to link to you that’s
good news, but be careful about linking to low ranked
site because it can take away from your own ranking.
It’s better to get the juice than to give it.
The easiest way to see your PageRank is to
install the Google Toolbar. Not only will you know your
PageRank, but you can see the PageRank of any site
you visit or link to yourself.
Notice that my site only ranks 2/10, but it is still
the #1 ranking for Michael Daehn. This says two
things, first the name is relatively unique so still has
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PageRank 2/10
Link Love
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When you link to a site you are essentially
voting for that site, and in a way telling Google you
think it is a valuable piece of Internet real-estate. It is
usually a good idea to link to people and sites you
think are valuable to your visitors. It helps to
establish you and your site as a valuable resource.
Have you ever received an email asking you to
swap links? You post a link on your site and in return
the other person promises to post a link on your site.
In general you should stay away from these
reciprocal linking schemes. It is appropriate to link to
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Just like in the old western movies, the bad guys
wear black hats and the good guys wear white hats.
If you are involved in shady link trading or other
scams that try to game the system you are
participating in Black Hat SEO. If the search engines
catch you, or thinking you are doing something
suspicious they will black list your site. While Black
Hat techniques can gain you some short term traffic,
they are not a good long term business strategy for
legitimate businesses.
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Banner blindness
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Email Marketing
Email is not new and not as glamorous as some
of the cutting edge web technologies available today,
but done right it can be the number one traffic driver
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for your site. The chart below lays out a solid strategy
for any web marketing program using Chuck as your
hypothetical subscriber.
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©2009 by Michael Daehn
Social networks
Social networks are a great way to engage with
your customers and drive traffic back to your
website. The nice thing is that most of these sites are
free. Be sure to set up a profile for yourself, or your
company, and post links back to your main website.
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Facebook and MySpace Traffic 1/2008-1/2009
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Twitter and FriendFeed Traffic 1/2008-1/2009
Social media
Most people lump social networks and social
media together, but for web traffic I view them as
distinct. Social networks require interaction and
communication. Social media sites allow you to
upload content that other people can comment upon
and share with their communities. Social media sites
have a social networking component, and it is
beneficial to cultivate that element, but not required.
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So if you have videos, images, white papers,
articles or other media items get them uploaded to
these sites. Even if it is only your company brochure,
be sure to post a copy to the free file sharing sites.
You never know when someone will come across it,
and having links back to your site associated with
this content helps your search results.
YouTube is the most popular video site, but there
are many more out there. By using a service like
TubeMogul, you can post your same video to many
sites at one time. Flickr is the largest photo sharing
site and Scribd has a nice interface for sharing your
documents with the world. Think about where you
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YouTube, Flickr and Scribd Traffic 1/2008-1/2009
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site with search engines.
Sometimes it makes sense to have a landing
page for a campaign or promotion. These can be very
effective when they have a single purpose and a
clear focus. Make sure that you explain what is
happening and where people will go when they click
if you send them away from the page.
Blogs
Blogs began as a way for people to comment,
share their thoughts and compile information to
share with others on their website. When used
properly, blogs can generate excellent web traffic for
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Google gadgets
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Widgetbox and Google Gadgets can help you turn
them into gadgets.
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Making a widget on Widgetbox
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Postcard with web address
Organization
If you have ever tried to find a missing
document in an unorganized filing cabinet you
understand the need for clearly labeling and
organizing all your files. Your system also needs to be
something that others can understand easily so they
can find the information they are looking for. This will
help the humans viewing your site and the search
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articles, images, etc.)
Though the algorithm search engines use to
give your site results are proprietary, it has been
shown that the more links you have and the better
organized and labeled your site is the better your
search results.
User experience
Have you ever been frustrated when visiting a
website because you can not get the information you
need? Getting people to your site is half the battle,
getting them what they came for is the next step.
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Have updated relevant content and a site worth
visiting. When you accomplish this, people will want
to come to your site and tell others by linking to you.
If your site is well organized and looks good to human
beings, the search engines will like it too.
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Domain names
A domain is the title of your website address.
Amazon.com, Facebook.com and Redcross.org are all
examples of domain names. The last bit at the end of
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your name is called the domain name extension.
There are lots of extensions available to choose from:
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.us is for American Web sites and is the newest
extension. It has the largest amount of available
names in inventory.
.tv is for rich content/multi-media Web sites,
commonly used within the entertainment or media
industry.
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through a service. You should not have to pay more
than $10 a year for your domain name. If you are
paying more, I suggest you shop around. There are
usually discounts for multiple year and multiple
domain names registered. If you get hosting with the
same company, they will often give you the domain
registration for free. A few sources for cheap reliable
domain names are:
• Godaddy.com
• 1and1.com
• Bluehost.com
• NetworkSolutions.com
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and bad domain names check out goodurlbadurl.com.
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Hosting
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Once you have your domain name picked out
you need to find a place to host your site. If you are
just starting out I suggest you use the same place
you use for your domain. All of your information will
be in one place and you can save yourself some of
the technical details required when you have
domains and sites hosted in different locations.
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Create your website
There are lots of options for creating your site.
The good news is that a lot of the work has been
done and prices have come down. Most people are
not starting from scratch. Even seasoned web
designers re-use and copy code from others.
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Do it yourself sites
Again if you have bought a domain and hosting
from a service provider, they will often offer a free or
low cost website builder package. I suggest you give
these a try and get your feet wet.
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fee. Bear in mind that these sites use templates so it
will not be unique and most free sites place their
advertising on your site. Here are a few free sites I
have used and recommend:
• Google Pages
• PageFlakes
• NetVibes
• Ning (build you own social network)
• Terapad (blog and website)
• Blogger (blog)
• WordPress (blog)
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WYSIWYG
The nice thing about these site building tools is
that they come with editing tools or WYSIWYG’s,
which stands for what you see is what you get. No
knowledge of code or HTML is required. If you can
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Software
If you have some coding skills and feel
comfortable with HTML you can build your own site
using programs like DreamWeaver or Notepad and
create your own site. These programs also come in
handy if you decide to tweak a pre-built blog or
website.
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Professional help
If you don’t have the time or technical skills I
suggest you find a good professional to build you site
for you. I know some HTML and can tweak a blog, but
when my clients need a professional site I go to my
network of web design professionals.
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4. Types of Websites
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categores, or are a hybrid.
Commerce sites
These sites focus on selling products directly to
consumers. They have a list of products/services and
a shopping cart of paymetn method. They usually
require an extra layer of technical expertise to handle
inventory and billing. Many sites are stand alone and
target consumers directly. Many retail locations now
offer an online counterpart where their customers
can purchase.
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Promotional
Some sites are purely promotional. You can not
purchase the product from the site, but the intention
is to drive sales to other web or real world locations.
Many new movies have a promotional website with a
trailer and viewing information, but you can not
purchase the movie from the site.
Informational
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You can use an informational site to establish
yourself as an expert in your market. Many blogs take
this approach. The blog authors post relevant and
useful information on a regular basis. Once you have
built up a loyal following you can recommend
products of service that you provide or sell
advertising for others.
KPI's
Before you begin you need to set some goals of
what you want to measure. These key performance
indicators (KPI's) will help you focus on the most
important data for your situation. A problem many
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people face with their analytics is not knowing what
to look at. Your website can track so much
information it can be overwhelming what is important
and what is not. Setting your KPI's in advance will
help greatly.
away
Web analytics
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To get started you will need a web analytics
program. There are many packages available out
there, but I will cover two of the most popular here:
WebTrends and Google Analytics. For these programs
to work you need install a little piece of provided
code on your site.
pageTracker._initData();
pageTracker._trackPageview();
</script>
Webtrends
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Webtrends is one the best known premium web
analytics programs. The first thing you will notice is
the price. Depending on the size of your site you will
pay hundreds or even thousands of dollars for this
service. There is usually a certain number of reports
you can run and an annual license renewal fee as
well. It is a nice service and provides some in depth
metrics and othe plug-ins from the company you may
find useful.
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WebTrends Dashboard View
Google Analytics
The first thing you will notice about Google
Analytics is that is free. If you are not sure where to
start you can take Google Analytics for a test spin
and see what kind of information can be tracked. I
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Google Page Rank
Have you Googled youself lately? If you want to
know what people see when they search then try
searching for yourself. How high up are you on the
list? How many listings do you get for your brand
name? If you have the Google Toolbar installed it will
also give your site a ranking of 1-10, 10 being the
highest. The more inbound links and traffic you have,
the higher your Google page rank.
Google Alerts
You have probably heard about measuring web
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Blog search
It's a good idea to see when people are blogging
about you too. Sites like Technorati.com allow you to
search blog posts about you and your company. If
you see someone blogging about you, you can visit
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Comment search
Google does not index search results for
comments on pages. A great tool for searching
comments is Backtype.com. When you make an
account it also aggregates all of your comments on
the web- another way for people to find you.
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Forum discussion search
There's a lot happening on the many discussion
boards around the web. Are they talking about you?
One tool to find out is Omgili.com. Type in your
search term and get results from all of the discussion
boards.
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Twitter search
Twitter is a fast growing communication tool.
Every day millions of people are having discussions
on topics of interest to them. Are they talking about
you or with you? Are you joining the conversation?
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More tools
There are a ton of great tools out there for
measuring you Internet success. The good news is
that most of them are free. The bad news is unless
you have clear goals and KPI's you will waste a lot of
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Great websites are continually honed to better
serve your audience. Start by doing your research.
• Personas- develop a picture of the ideal visitor
for your site
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• SEO- Good search engine optimization assures
you that when people are typing in the name of
your product or service they will find you easily
• UX- A well designed user experience makes sure
that once they find your site, they can find what
they came for quickly and easily
• Conversion- If you put in the hard work for the
steps above, it will pay off with more conver-
sions to sales, customers and supporters
How do you know this is working? Measurement.
Check your search results, refine your UX through
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Conclusion
The Internet is a fun and exciting tool that has
transformed the way marketing and business are
done. It is an important communication tool whether
you are looking to start an Internet based business or
to market your traditional business more effectively.
Because Internet marketing changes so
frequently you need to stay on top of current trends.
Yesterday’s Friendster is today’s MySpace and
tomorrow’s FaceBook. New sites replace old ones all
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the tiime.
Reading magazines like Wired are helpful, but
sometimes a month is too long to wait. A good way
to know what’s happening is to read blogs by people
like Seth Godin or mine at marketingenious.com. You
can also establish your own network of advisors
through tools like Twitter.
I want to know how you do with your new
Internet ventures, so please send me a note. My
information is always current at MichaelDaehn.com.
FTW!
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education on your schedule.
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