HOME BASED BUSINESS LESSON: Make lots of money by giving away items of value

Those who blog are very familiar with the success stories of johnchow, problogger, shoemoney, stevepavlina, talkingpointsmemo and others who makes hundreds of thousands of dollars per year. Just today, I read a blog post showcasing some of the highest earning bloggers who make hundreds of thousands of dollars per month. The first three blogs mainly talks about making money online, stevepavlina is about personality development while talkingpointsmemo is a political updates and commentary blog.

Today, I will talk about making money by giving a lot of wonderful freebies.

Not so long ago, teen Ashley Qualls lived in a one-bedroom apartment with her mom and sister. But with her computer and savvy business sense she made a better life for all of them.

Today, this 17 year old girl makes more than a million US$ per year income from an investment of $8 (domain name registration for her website). What did she do? She noticed that youngsters like to personalize their MySpace accounts so she started creating beautiful MySpace layouts and giving it away for free (through her website called www.whateverlife.com). She now makes lots of money from Adsense and direct advertisers.

WATCH HER STORY

Google Adsense are automatic ads that appear in a space in your site. Every time somebody clicks on the ads, Google gives you money. The more people visit your website, the higher the probability for people to click on yuor ads. As for the direct advertisements, it’s simple. People/companies pay you so that you will put their ads in your site. This happens when your site generates a lot of regular visitors. Businesses will want greater exposure for their companies so they will pay just to be advertised in your website.

Now, let me tell you that the little girl didn’t know HTML and simply taught herself how to do it. HTML is not difficult at all and if you can read this article, you too can do it.

If you think that there’s no more market for that since Ashley has cornered it, I beg to disagree. To start with, MySpace account holders like to change the look of their profiles from time to time. Secondly, there are millions and millions of members so the market is so huge for one or a few people to dominate. Third, there’s Friendster, Facebook and a number of social networking sites that can serve as your market.

Lastly, the main idea is to encourage you to create something of value and give it away for free. Market your website well and at the end of the day, you will be getting much more.

He who profits most gives much!

What are you waiting for? Start making money online!