How to Make a Dollar Online
Let me start by saying that there are many ways to make a dollar online; this post will outline one such method. I am not sure who this quote belongs to, but I have heard it said that if you drop a entrepreneur off in New York City with nothing but the clothes on his back and a 100 dollar bill, you could find him a year latter running his own fleet of hot dog stands. I believe that one of the skills of a good entrepreneur is that, if necessary, they can make money without spending it.
Robert Kiyosaki, in his book Rich Dad, Poor Dad advises his readers never to take a job for the money, but rather, for the experience. Every now and again, I will suggest an experiment for the readers of this blog to conduct. If you decide to try any of these experiments, PLEASE don’t do it for the money… it won’t be worth it. What you will learn from these experiments on the other hand, that’s another story.
But I digress, back to the subject of how to make a dollar online without spending any money. For this experiment you will need at least the following, a PayPal.com Account and a Squidoo.com Account. Your mission, if you choose to accept it is to create a “lens” on Squidoo and bring the “lensmaster” revenue on your account from $0.00 to $1.00. One of the cool things about Squidoo is that they allow you to set your own payment threshold, so for purposes of this experiment you may well want to set the threshold to $1.00.
Squidoo hosts what I would call mini-webpages, what they call “lenses” for free. Lenses on Squidoo are made up of “modules”. You could have a module for text, one for pictures, one for recommended books, and so on. A lens can generate revenue by Google AdSense ads plus other possible revenue streams such as revenue from sponsors like Amazon and eBay. Squidoo shares 50% of all revenue from a lens with that lens’s lensmaster.
So the question becomes how to generate enough traffic, to filter through your conversion piece… I mean lens, to make it to the $1.00 threshold in a reasonable amount of time. Let’s consider some options.
You could make an awesome lens that ranked in the top 100 lenses on Squidoo. This should garner you a good amount of traffic from those searching the top 100 list as well as those conducting searches on Squidoo.com. You could sign up for a forum related to your lens topic and write posts that include a link to your lens in the signature file. You might use the “FREE keyword suggestion tool” at http://freekeywords.wordtracker.com/ to find some good keywords and attempt to use article marketing and SEO to gain some traffic for your site.
If that last suggestion threw you for a loop, don’t worry, a post on that topic will be coming out very soon.
Since I would like you to complete this experiment well before you qualify for social security, let me give you a big hint. You are probably best off sticking to one of the following topics: insurance, mortgages, or pharmaceuticals.
If you complete this experiment, let us know by posting a comment on this post. You can even include a link to your lens as the URL. That link alone should be good for some more traffic, and who knows we may even feature your lens in a future post.
If you enjoyed this post you might like our post on monetizing web traffic.
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