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Simple Technique to Identify an Opportunity to Make Money Online

Published Thursday, December 18, 2008 by bloggerblognet83460 | E-mail this post

There are those old bricks and mortar entrepreneurs who have always had the instincts of recognizing an opportunity to make money offline but their instincts do not transfer too well online. This is not surprising considering that making money online is a completely different ball game.

In actual fact the rules are quite different. Let us look at a few differences that should help anybody be able to recognize online opportunities to make money much quicker.

The Magic Word That Will Always Provide An Opportunity For You To Make Money Online

This is probably one of the most distinct differences between entrepreneurship online and offline. In the bricks and mortar world chances are very high that you would quickly go broke if your business strategy was centered around giving free services. Online the word FREE is a the key magic word that opens doors and business opportunities. The vast majority of successful online business models revolve around giving away as much as possible for free. On taking over the Wall Street Journal recently, media tycoon Rupert Murdoch has announced that the renowned financial newspaper content will be made available to the public for free. The journal has been making hefty revenues online from charging membership fees for access to their content. However Murdoch says that they will earn more by making the content available for free and going for advertising.

That tells you how powerful the concept of "free" is to any home based business web site.

One of the reasons why the free concept does not work so well offline is because there are no effective mechanisms to stay in touch with the client. At least they are not as effective as the idea of providing a valuable e-book online via email.

One Way To See An Opportunity To Make Money Online

Therefore one of the ways to see an opportunity to make money online is to gauge the potential traffic that you are capable of attracting from a free service or the free information that a site has to offer. That is really the key that unlocks many online money making opportunities. Targeted regular traffic is better than money in the bank when it comes to the online business world.

A database of past clients in the offline world can be useful but it is certainly not anywhere near being as valuable as it is online. Armed with this information it should now be a lot easier for you to gauge any online business opportunity to make money.

See other useful make money online ideas at http://www.capitalistnow.com

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