Generating income from a website has become a global phenomenon. Businesses, great or small, has turned to the ‘www’ world to tap on the great global market and the Internet has proven its power to deliver such potential.
Even I have seen its power to deliver income to my paypal account. The money I get every month isn’t that big but I can prove the possibilities of earning to non-believers. It also helps with the expenses.
That is why I’m now doing my best to find other online methods to generate more passive income. The options are endless, it’s finding the right one for me. You could do the same thing.
As any money making methods, there are basic principles to follow to make our work better and easier to understand. Listed below are the usually ignored principles on website creation that initially would have been easy to implement if webmasters would understand them and would result in generating income.
1) Law of Numbers
[ A Small Number ] x [ A Large Number] = [ A Big Number ]
This holds true with ebay. Have you seen digital products (of over 30,000 materials in one package?!) that costs only a few dollars? I’m not kidding. I got some of those. You’d think the seller are out of their minds but when you think about it, nobody could stay far-away from a SUPER MARK-DOWN price. Let’s say a digital product costs only $3 for 6,000 PLR articles to use for content in a website. In one month, 1000 purchases happened. The seller ended up with $3,000 bucks. 0_0 That’s not such a bad deal.
2) Moore’s Law
Betting on advancements and future benefits could greatly benefit an individual or organization.
Moore's Law describes an important trend in the history of computer hardware: that the number of transistors that can be inexpensively placed on an integrated circuit is increasing exponentially, doubling approximately every two years. The observation was first made by Intel co-founder Gordon E. Moore in a 1965 paper. The trend has continued for more than half a century and is not expected to stop for another decade at least and perhaps much longer.
Almost every measure of the capabilities of digital electronic devices is linked to Moore's law: processing speed, memory capacity, even the resolution of digital cameras. All of these are improving at (roughly) exponential rates as well. This has dramatically increased the usefulness of digital electronics in nearly every segment of the world economy. Moore's law describes this driving force of technological and social change in the late 20th and early 21st centuries.
~ From Wikipedia
Placing Moore’s Law in the website perspective, if a webmaster continous to observe trends and perspective of its market and integrates strategies to benefit its viewers, then the website has the potential to earn more than what the webmaster deems.
3) KISS – Keep it Simple, Stupid
Time and again, a lot of people (or webmasters) have forgotten this simple principle on website creation. Making everything simple (the design, layout, colors, navigation, etc.) will greatly aid a web viewer in exploring more of the site. Remember, people expect the Internet to deliver what they want FAST. If the viewer cannot immediately find what they need from your website, they would move to the next website they can see. Removing ‘clutter’ is the best key to success.
4) ICICLE Formula
This is a principle I have learned from a book titled Internet Riches: The Simple Money-making Secrets of Online Millionaires
by Scott Fox. It displays the process of knowing what kind of website you could earn from basing on your expertise and passion and by knowing the potential market you will tap on.
Just because the explanation above sounds too business-like does not mean ICICLE is only for business websites. ICICLE can be used for any kind of website. The formula will explain the basic principles of knowing your niche and how to interact with them through formulated strategies from research and knowledge.
I = interest, ideas, skills, relevant personal attributes
C = Customer groups. Identifying your customer groups would greatly aid in the development of your site. In here you will know their characteristics, needs, wants, and what is the best method for you to offer your product or service.
I = In-demand product identification. Research on what products and services are in demand. Information about competitors, trends, annd product / service pricing is also very beneficial.
C = Competitive Edge. Analyze the current trends, situation and personal resources to determine what best approach could make your website unique and profitable.
L = Leverage. Apply results of analysis to unique capabilities and reach of the Internet.
E = Compiling the results of the previous steps and defining the business model for your website.
The list above are self-explanatory. Details will be posted in future posts but if you want to learn more from the Guru Scott Fox, you could avail of his book, Internet Riches: The Simple Money-making Secrets of Online Millionaires. It’s worth reading especially for e-business newbies like me. 
