Squidoo is one of the most popular ways to make money online. Lots of people who want to start earning money online have not explored Squidoo or don't know how they can use Squidoo to make money.
Squidoo is a Free Web 2.0 platform where you can earn money by creating "lenses". A "lens" is an easy-to-build, single web page that can point to blogs, favorite links, RSS feeds, Flickr photos, Google maps, your eBay auctions, CafePress designs, Amazon books or music, and oh so much more. That way, when someone is looking for recommended information, fast, your lens gets him started and sends him off in the right direction.
You can creat one lens or a hundred lenses, the choice is upto you. It takes about 5 minutes to set up a lens. Once you've created it, you can come back and work on it bit by bit to make it really great. There are different ways to make money from it and here are some of them:
1. Since you're the brains behind the "lens", Squidoo will share 50% of the revenue generated from the "lens" you the "lensmaster" have created. Any time someone stops by your lens and buys a product you recommended or clicks on a Google ad, you get 50% of the royalties.
Ad revenue (Google and other ads) goes into a pool, so as to avoide clickfraud. Half of the pool distributes out to lensmasters, on a PayRank scale that is based on each lens's average LensRank and traffic, and the number and quality of lenses in the lensmaster's account.
Affiliate revenue (ie, referral income - like Amazon and eBay and CafePress) is directly attributable to the lens that generated the revenue, and is not pooled with the whole co-op. The lensmaster gets a straight 50%.
2. Promote Squidoo through their affiliate programme - All you need to do is create your own account and get your referral link. If someone signs up through your affiliate link and then his or her lens earns its first $15, both you and your friend will each get $5 in to your account. I mean, for example, if you sign up with Squidoo using my referral link, then you and I both stand a chance in making money when you reach your first $15 earnings. But, if you don't sign up with a referral, then both you and the person who told you about Squidoo don't get to make that extra $5.
3. Sell and promote your own products - If you run an eBay store or Cafepress shop, then creating a Squidoo lens is one way for you to get new buyers. You just create a lens that is related to the theme of your online store, use the built-in functions of adding eBay and/or CafePress items, choose items that you wish to promote - then publish and share your lens.
4. Promote affiliate products - Other than using the built-in default Amazon, eBay, Netflix, CafePress, and iTunes "modules" mentioned above, you can also link to your own affiliate products on your lenses. This way you can ensure that you keep the entire commission to yourself.
Squidoo uses PayPal to send you cash and you can set the minimum payout to as low as $1. You can also choose to receive your payments either as 100% cash, 100% charity of your choice, or a mixture of cash and charity.
Other Advantages Of Using Squidoo:
Fast Google Indexing - Your lens can be indexed as quickly as 2-3 days. Although the time it takes to index varies, but you will find that it is much easier and faster to get indexed by Google than any other system.
High Google Rankings - Squidoo is very popular media as it holds good favor with Google and if you carefully select your keywords you can find yourself shooting up the search engine rankings.
Drive Traffic To Your Blog or Website - Since your squidoo lens will rank high on google and other search engines, if you link your blog or website from your squidoo lens, you can expect a flurry of new visitors, that may just turn in to readers, subscribers, and/or buyers of whatever it is you're selling.
Higher Page Rank (PR) - Google loves Squidoo and you should take advantage of this as much as you can by placing a link to your blog or website from your squidoo lens. Chances are that it might just help with your PR rankings.
Some Quick Resources For Your Squidoo Lens:
Each Squidoo lens has a topic. If you need a Niche that converts well then you should frequently visit Top 100 Lenses by Traffic or by LensRank and take a look at what other lensmasters are doing and copy their style. You can also search by Topic if you prefer. The other great place you can get ideas from is Squidoo's Tag Cloud to find out what is popular. If you need to learn to make better lenses, and pick up tips for promoting your lenses to the public then visit SquidU.com. Run and moderated by passionate Squidoo volunteers and lensmasters, it is an answerplace for our newest and our most advanced lensmasters alike.
If you want to know more about making money from Squidoo, you can read Seth Godin's Everyone's an Expert and Flipping the Funnel. Become A Suidoo Guru is also a good ebook that will teach you step-by-step to create and promote a profitable Squidoo Lens.