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What is the Key To Making Money Online?

As most of you know, I have been focused on learning how to make money online.  I have been creating Squidoo lenses where I have been promoting affiliate products.  I have been creating niche WordPress sites focused on very narrow niches and keywords.  I have been creating niche Blogger blogs.  And, I am about to purchase the Build a Niche Store software so that I can more easily sell ebay products.

This might sound simple, but it is something we all have to learn.  You have to create websites and create content on the web in order to make money online.  The biggest mistake that I tend to make is not creating enough content.

As stated in Field of Dreams, “if you build it, they will come.”  Well, I am not sure that it is that easy, but I promise you that if you don’t build it, they will not come and you will not make any money online.

Most of the Internet marketers and bloggers that I have met who are making money online have many sources or streams of income.  It is imperative that you start creating you multiple streams of income.

Why not just stick to one website?

If you are already meeting your financial goals with one website, then go for it.  Stick with that one site.  However, most of us are finding it pretty difficult to make money from just one website.  Especially in the how to blog or how to make money online niche.  So, go out there and create new websites.

Each new income stream that I try to produce I learn something new.  I have a very specific focused strategy with Squidoo.  And, I can tell you that I am now making some pretty decent money with Squidoo.  I am also learning how to make made for adsense blogs.  But, what I am learning is that I am not going to be able to retire off of one website.  I am going to have to build a ton of them.

So what different ways are you trying to make money online?

Tools that I have reviewed:

• Secret Income Streams
• Micro Niche Finder
• Viral Mini Sites

Hey Fred, did you just say that I should pick a niche that I hate?  Absolutely!

Too often  I hear bloggers talk about the need to like what you are blogging about. Over the last year, I have learned that this is complete hogwash.  Well, at least partially.  Let’s explore this a little further.

For me, I break down blogging into two high level categories: flagship blogs and niche blogs.  My flagship blog is Newest on the Net.  However, I don’t make much money with Newest on the Net.  On the other hand, my money blogs are my niche blogs.  And, let me tell you a secret for these niche blogs.  DON’T BLOG ABOUT WHAT YOU LIKE.  BLOG ABOUT WHAT CAN MAKE YOU MONEY.

That was a very important lesson for me to learn.  Every thing that I read said that I needed to blog about something that I am passionate in.  But, you know what?  For my niche blogs, I am passionate about making money.  I am not doing these niche blogs to gather a huge following of RSS subscribers.  I am creating these niche blogs to made money.

I have learned that I really don’t need to like what I am writing about.  I just need to research the niche very thoroughly, and write articles from this research.  And, despite not always loving the topics that I am writing about, I am motivated by learning more about Internet marketing, blogging for money, etc.

This is an important thing for us bloggers to learn.  Sometimes you need to go against the grain.  Don’t always listen to the professional bloggers.

Ok, this is not a post to become rich by learning how to make money with Squidoo. No, I don’t think that Squidoo is going to make anybody rich. But, I am finding it to be a great way to start making some money online. If you are just starting out with Internet marketing, Squidoo is great because you can start making some money which helps you to build you confidence and to keep you motivate.

I think that the number one reason most people fail at Internet marketing is that they give up on something too quickly. They set up a blog, put some affiliate ads on it, and then become discourage when no one buys their affiliate products. I know that I have had this problem. However, Squidoo has helped me build up my confidence.

How did Squidoo help me to build confidence?

Well, it is simple really. I made my first affiliate sales with it. That’s right, I finally made money online. However, it was kind of by accident. One day in December, I decided to log in to clickbank and check out my account. To my surprise, I had sold 4 affiliate programs with a Squidoo lens that I had forgot about. I created this lens in August when I was participating in the Thirty Day Challenge. I created a Squidoo lens for an affiliate product, but then quickly forgot about my lens.

I sure was surprised when I learned that I made $85 from this site that took me 15 minutes to build. So far this month I have made over $100 this month so far on three lenses.

Why is Squidoo such a good way to start making money online?

1. Squidoo is easy. You can create a lens in about 15 minutes once you get familiar with the interface and Squidoo modules.

2. Squidoo lenses rank high in Google’s search engine results pages. If I carefully select my keywords, I can quickly rank in the top 10 pages on Google which allows me to get some traffic. Remember, focus on long tail, focused keywords.

3. You can promote affiliate products on Squidoo. Unlike many free website platforms, Squidoo allows you to insert affiliate links into your lenses. This allows you to start making money with Squidoo very easily.

4. You can experiment. Because Squidoo lenses are quick to create and you can quickly get some traffic, they are great for experimenting with different website styles, affiliate promotions, sales copy, etc.

5. Squidoo is great for diversifying. Many of us bloggers tend to focus on our flagship blog, and fail to diversify. But every personal finance advisor will tell you that you must diversify your investments. This is also true for Internet marketing. Don’t just focus on your flagship blog. Build Squidoo lenses, create build a niche stores to sell ebay products, create Hubpages, create niche Blogger blogs, etc. Don’t put all of your eggs in the same basket.

So go sign up for Squidoo. And, go sign up for Clickbank and sell clickbank products on you lenses.