The Secret to 6-Figure Online Income

I have been a member of Ebay since 2004. However, I have not had  time to take advantage of the many features and advantages of Ebay. Recently, however, I needed to raise some quick cash , and I turned to the good old Ebay marketplace for help. I had one of those high-priced physical information products lying on my bookshelf gathering (real, not digital) dust. All I just did was take a few pictures of the DVDs and big manuals and posted an apt description on Ebay. 7 days later, after the auction ended, I had made a cool $240. Not much for a week’s job, but it was quite gratifying for me as it was my very first sale on Ebay. I felt like I had made a million bucks.

My experience highlights a number of possibilities and advantages of Ebay:

Ebay brings together BUYERS, not browsers. A lot of visitors to Ebay are looking to BUY. That’s a huge advantage compared to search engine traffic, where a majority are just browsing, and you need to separate the buyers from the browsers.

With a good product, chances are you will find a buyer within 7 days (default bid period).

So with a good business model, you can actually base your entire business on Ebay. Many people have done this and are making high 6 figure income based solely on that.

Surely worth exploring. I surely am going to explore this further in my own business. 

Ace Internet marketer, Sylvie Fortin, has come out with a controversial report titled “Internet Marketing Sins“. In ”Internet Marketing Sins“,  Sylvie talks about 20 internet marketing sins being committed by both Internet Marketers and Consumers alike. Examples of such sins include “Sleight Hand of Continuity”, “Upsell Hell”, ”Limited Time Offers”, “Hammerhead Marketing”, “Feast or Famine Marketers”, etc. 

As expected, the report is causing a stir in the Internet Marketing community as she has received a lot of both Hate mail and Fan mail. If you are involved in internet marketing in any form, I’ll suggest you download and read the report here : “Internet Marketing Sins”, it is highly educative, and I’m recommending it to everyone on my list.

Sylvie knows how internet marketing works as she has been involved with almost all the top internet marketers through her company, Workaholicsforhire.com.

I came across this interesting bit of news this morning. A medical doctor has left his lucrative 6-figure medical practice to devote all his time and efforts to running his very popular blog: Macrumors.com. How interesting?

Dr Kim started blogging about Apple Inc’s Secrets while still a Computer Science major in the university, and the site has grown to become the 2nd most popular blog on the Internet, defeating such popular blogs as the Huffingtonpost.com etc. Don’t forget that this blog is a technology blog and it has managed to eclipse political and other news websites. How and why did this happen? The main reason is that the Internet is like “thirsty elephant”, it’s always seeking fresh “waters” in the form of fresh content. Since Dr Kim’s Macrumors.com blog regularly supplies this fresh content, it has become one of the most visited webpages (not just blogs!) in the world. Very interesting.

Dr Kim’s MacRumors thrived on the secrecy of Apple, and over the years has been able to amass an impressive following. With that huge following, Dr Kim has been able to monetize the traffic through advertising income to such an extent that the income generated from a single blog was enough to enable Dr Kim to effectively ‘retire’ from his medical practice to run Macworlds.com on a full-time basis.

Well, well..   Iam looking forward to that day when I can generate even 1% of that income through my blogging efforts. I hope that day comes pretty soon!.

You can get further details of this interesting and encourging news (to us budding internet marketers) here : Dr Kim’s story.

The one thing which is absolutely critical, if you
want to make money on the internet, is that you must
be able to generate traffic.

After all, you can have the greatest product in the
world, but if nobody knows about it you aren’t going
to makeany sales.

There is a saying that goes, “nothing moves without a
sale.” When it comes to the Internet a sale does not
occur, if you do not have website traffic.

There are three types of traffic:

- Free traffic
- Performance traffic
- Paid traffic.

Free traffic is generated from sites like MySpace,
YouTube and from Blogs. By free, I mean you don’t
have to pay money for the traffic.

Performance traffic is traffic that you do not pay to
get, but you pay if something happens. Like having
affiliates selling for you. Let’s say you are giving
(paying) your affiliate 50% of the sale. You only pay
your affiliates when they generate sales. That is paid
based on the performance of the traffic that was
driven toward the website.

Paid traffic. Finally there is paid traffic. Probably the
most popular paid traffic program is Google
AdWords. This is a simple program where you have
Google display your ads in their search engine results
as well as on other related websites. When people
click on your ads to go to your site, you pay a certain
amount they you have agreed to in advance.

To really succeed continuously on the Internet, you need to utilize
all three types of traffic described above. There is not one
perfect way or one hallowed path for generating traffic.

It’s more of having multiple methods of generating traffic that are
efficient and effective. Methods that work together as a system
to give you the expected results.

Your traffic generation strategy should consist of as
many efficient and effective ways as you can
properly manage to ensure you get the maximum
traffic directed to your website so that you get the
greatest profits possible from the same traffic generation efforts.