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What Writers Must Know about Internet Commerce
Home :: Reference & Education :: Writing & Speaking
By: Jo Ann Lequang Email Article
Word Count: 1264 Digg it | Del.icio.us it | Google it | StumbleUpon it

  

Assuming that you are a writer, I am further assuming that you seek to earn money from your profession. This used to mean that you would try to think up an idea for an article, do some preliminary research, and then try to find a magazine or newspaper interested in that article. Then you'd write up a few paragraphs, prepare a dazzling query, and try to get an editor willing to buy your article. It was nail-biting work, too, because if you couldn't get an editor to say yes, you didn't make any money. Even if an editor looked on your project favorably, the pay was never very much and one article did not necessarily lead to another.

Tough way to make a living.

If you were lucky, you sold it. If you were not exactly unlucky, the editor rejected your idea but paid you to go out and write something else. And the most common response was a great big bunch of nothing. No response. No answer. No sale.

You have probably heard that a writer can make money on the Internet, but you're probably thinking, "How on earth is that possible?" After all, just about every job offer that comes to writers for Internet type stuff pays less than even a skinflint magazine editor would have paid ten years ago for the same material. The big difference is that the Internet publishers seeking writing support want their content virtually overnight and the old-fashioned editors did not mind giving you a few weeks.

There are two ways to make money on the Internet and they mirror the ways people make money in the brick-and-mortar business world. First, you can sell something. Whether it's ceiling fans or candles or airline tickets, you can make money if you have a product that you can trade to people for cash.

The other way you can make money online is by selling advertising. The best models for this include TV programs, magazines, and newspapers. Take a TV program; it's content that is offered for free to people who want to see it. A newspaper isn't exactly free, but it contains a lot of high-value content from around the world and it's offered at a very nominal fee (less than it costs to print it, I bet) to just about anyone who wants it. They'll even bring it to your house every morning! Who else will deliver for a product that does not even cost a dollar-for no extra shipping and handling fee?

Then there are magazines. They cost more but they're still a great buy considering the content you get, the articles, the pictures, and the sheer volume of printed pages.

So how do these enterprises make money? They do it by offering content that people want and then selling advertisement. TV shows make money because they sell some of their viewing time to advertisers who offer commercials. Newspapers and magazines do take in some subscription money, but the thing that keeps them in business is ad revenue.

And how do advertisers manage to survive? Smart businesses know the best opportunities for their particular type of advertisements. There's a whole science to that. If a well-placed smart commercial on a certain TV show increases sales, then everybody wins. The company earns money because the ad draws customers; the TV show earns money because it sells time (and eyeballs) to the advertiser.

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Jo Ann LeQuang lives in Texas and writes for a living. Visit her new site http://www.workingtexaswriter.com or check out http://www.workingonlinewriter.com . Writers really can thrive by understanding the Internet.

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