Whether you’re looking to make some fast cash, or you’re after long-term, more sustainable income-producing results, there are certainly ways you can make money online today. The truth is that making money online isn’t as difficult as most make it out to seem. It does require some discipline. Sure. Without discipline, you’ll find it tough to make a buck both online or offline.
Now, this isn’t about some get-rich-quick method here. If you want to get rich quick, don’t bother reading further because almost everything I will be discussing later in this post requires time, passion, money, and of course some hard work.
Ready? Let’s go.
Here is the list:
1. Self Publishing
According to Wikipedia:
“Self-publishing is the publication of any book, album, or other media by its author without the involvement of an established publisher.
Unlike the traditional publishing model in which control of the publication is shared with a publisher, the author controls the entire process in a self-publishing effort including the design of the cover and the interior, price, distribution, marketing, and public relations.
The authors can do all of these activities by themselves or they may outsource these tasks.
Self-publishing is not limited to physical books but includes pamphlets and brochures, as well as digital media such as e-books and websites.
In traditional publishing, the publisher bears the costs, such as editing, marketing, and paying advances, and reaps a substantial share of the profits; by comparison, in self-publishing, the author bears all of these costs but earns a higher share of the profits.”
Making money from self publishing can mean anything from less than a buck up to millions. In fact, I have a friend who, literally, has sold millions from his super niche publishing efforts.
Book sales are the most obvious way to make money from self publishing. You will either earn royalties (from self publishing platforms such as Amazon’s Createspace or Kindle Direct Publishing/KDP) or revenues (if you print, distribute and sell your book yourself).
In terms of royalties, authors can earn as much as 35 percent for print books up to around 70 percent for ebooks (as of this writing), depending on the platform used. Those are decent returns for almost any business venture.
So, ready to get started? Here are two courses in Udemy.com to get you started.
2. Email Marketing
The money is most certainly in the list. If you’re at all interested in online marketing, setup email software and create a lead magnet that you can use in your sales funnel. Then, build up that list. It’s often said that you can expect to earn about $1 per subscriber per month. If you have a list of 10,000 subscribers, that means you can earn roughly around $10,000 per month. You will need to deliver value and not pitch them on every email, but it is a very achievable goal in a short period.
There are many ways to get people onto your list. Lead magnets are one such resource. For example, you can build ebooks, checklists and cheat sheets. But you can also do content upgrades, such as PDF versions of an article with added resources in them, four-part video training series, and more. Think about your audience and what you can offer them to better serve them, then treat them with some respect and you’ll eventually reap the rewards.
3. Affiliate Marketing
Affiliate marketing is when you promote someone else’s products for a share of the revenue. Generally, product creators will share anywhere from 15%-50% of the revenue. You can pitch these products using email marketing, YouTube, Facebook, blogs, etc.. The key here is to find a niche that is in demand and stay there. By staying in one niche you can be portrayed as an expert in the field and will develop an audience that trust you and the products you promote.
So ready to get started? Visit the websites below, register and start promoting products and see yourself making not less down $1000 a monthly.
These are the most popular websites to become an affiliate marketer.
Amazon is the largest affiliate site that offers numerous advantages to sellers and affiliates alike. With more than one and a half million sellers, this is the perfect place for beginners to start affiliate marketing. This site is also an excellent option for advanced affiliate marketers who can create custom tools and websites that have APIs and as well as Amazon implementations. As a beginner, you will need some form of a platform where you can promote your products. The most common way of doing this is through your blog or website.
Another great thing about Amazon affiliate program is that you will have a choice of promoting products that interest you. You can promote the products by writing reviews or articles about the products. The earning potential in Amazon affiliate program is unlimited. Unlike other companies where you will earn by promoting a single product, Amazon offers you with a unique link that earns you a commission each time a customer purchases any product from the site.
Clickbank is one of the most popular affiliate marketing programs that deal with digital products such as eBooks. This website has been around for many years and is among the first affiliate websites on the internet.
Another great thing about this site is that it allows all people from different occupations to sign up for a free account. Once you sign up for the account, you will have an access to millions of eBooks that other members are selling. The quality of many of the items within the Clickbank affiliate program is debatable. But, the commissions are far better than the others.
Keynote: Clickbank is yet to accept Nigerians as an affiliate marketer. However, many Nigerians do use other means to get there. Some use VPN to hide their IP address, while some make a bargain with acceptable countries of Clickbank by using their details to apply. Such as their identity plus SSN, say for a USA citizen, and when the profits come, they share. Not a bad business anyway.
Also referred as Commission Junction, CJ is a large affiliate network offer affiliate programs for a wide range of popular and well-established organizations. This program acts as the intermediary between the merchants who will provide the products to sell and the affiliates who will do the marketing. This program is very advantageous as it provides very many affiliate programs at the same place.
This will help you in checking the reporting and tracking the sales for any program you decide to promote. You also have the option of choosing from different companies that offer different products and services. These include things such as fashion accessories, health and beauty products, electronics and online services such as web hosting and much more.
4. Selling Information Products
An information product is any chunk of knowledge that has been recorded in some fashion – whether that be in a print format, an audio format, or a video format – so that it can now be passed on to others. There are dozens of ways to package and sell information. Some of the most common products are:
• Print books and e-books
• Booklets and special reports
• Manuals and workbooks
• Audio cassettes, CDs, or downloadable audio files
• Videotapes and DVDs
• Subscription-based websites
The key is that you’re taking something intangible — the knowledge in your head — and turning it into something that others can enjoy and use even when you’re not around.
I have sometimes heard information products referred to as “artifacts.” This term, borrowed from the field of archaeology, captures the idea that an information product is something you leave behind for future generations.
Every process you employ to serve your clients, every piece of information you glean from media sources, every past experience you carry with you, every original thought you conjure up is a piece of information that can be recorded and shared. What’s stopping you?
5. Webinars training
Webinars are quite possibly one of the most potent ways you can make an exorbitant amount of money online. Russell Brunson often says that if you do a webinar every single week for a year, you’ll be a millionaire at the end of it. You’ll need an audience to train and you’ll need to know what you’re talking about. Of course, this usually requires having a website and some semblance of an online presence.
However, people can still do webinars without all of that. For example, you might have a sizable social media following and you train them every week on something to do with social media. But you will need a product to embed and sell at some point. Don’t worry about it in the beginning. And by far, the best webinar platform out there is certainly GoToWebinar. Hands down, there isn’t even another platform that comes close.
6. Freelance Copywriter
A freelance copywriter is anyone who writes words (or ‘copy’) for commercial use on a contract basis.
Freelance copywriters can work directly with clients or through intermediaries such as agencies or online work exchanges.
The text produced by a freelance copywriter can be used in advertisements, websites and digital media, printed marketing or anywhere else, but it always has some sort of practical aim, whether it’s persuading people to buy a product or just giving them information.
In the advertising industry, ‘copywriter’ is used specifically to mean people who come up with concepts and copy for advertisements. In marketing more widely, it denotes anybody who writes commercially or produces content for online use. So there are situations where it’s important to know what someone means when they say ‘copywriter’.
Where to find a job as a Copywriter?
If you like being on camera and have something to talk about you can money on YouTube. Your channel can be entertainment, news, information related to a specific topic or as a funnel to promote products in a certain niche. You can make money with YouTube via YouTube ads, and/or promoted products. Again, it’s all about the number of views and subscribers you have. The higher the number the more potential for making money.
8. Start A Blog
If you’re serious about making money online, start a blog. Blogging is one of the easiest and most sustainable income sources. As long as the blog is setup the right way, in the right niche, with the right content targeted at the right audience, and the offer is complementary to the content, you could make a tremendous amount of passive income from a blog.
While some might think that starting a blog is an arduous effort, when you understand the precise steps you need to take, it becomes far easier. It all starts with the decision of choosing a profitable niche and picking the right domain name. From there, you need to build your offers. You can easily sell things like mini-email courses, full-blown trainings, ebooks, and so on.
9. Fiverr/Upwork Freelancer
Fiverr.com is a digital service based website offering freelancers the opportunity to sell their specialty services in the form of gigs, also known as micro-jobs.
Every micro-job listed on Fiverr.com starts out at $5 but can go up in price based on the buyer’s specifications.
At the same time, Fiverr also allows buyers an affordable way to purchase these micro-gigs at low prices to streamline their own work projects.
Fiverr’s freelancers offer a variety of digital services such as; content writing, website reviews, graphic designs, marketing campaigns, programming, etc.
What about Upwork? What is it all about?
If you’re a new freelancer, chances are you have no idea where to get your first client or even how to go about it. This is where Upwork comes in.
Upwork is a freelancing platform – one of the biggest around. Freelancers (like you) sign up and create a profile that highlights the skills you have to offer. Clients (business owners, startup people, entrepreneurs etc) post jobs on Upwork when they need help getting a job done.
Getting a hang of how the site works can be a bit fuzzy at the beginning but it gets easier as you keep using it. As with most freelancing sites, the work of finding yourself some clients is all on you. Clients will normally post jobs that they want to be done. You then bid on the jobs you want to work on by sending a proposal to the client.
This, in a gist, is how it works.
There are hundreds of jobs to choose from on Upwork.Upwork lists jobs in different categories including Web, Mobile & Software Dev, Design & Creative, Admin Support, IT & Networking, Writing, Customer Service, Sales & Marketing, Translation and many more.
To register for Upwork, click here.
10. Website Flipping
Website Flipping is the hottest money making opportunity online.
Website flipping is the art of buying, improving and selling websites. The term comes from the property industry where investors will buy a property, renovate it to add value, and then sell it at a higher price. Website flipping is essentially the same process online. An investor, or investment group, buy an established website, adds value to it and then sells the site at a higher price. With the cost of entry into domain flipping increasing, following the sharply increasing valuations of domain names, website flipping has become more financially accessible to the average investor compared to domain name investment.
Where to flip websites?
Head over to flippa. You can buy or sell your website there.
11. Sell your own stuff
Ready to enter the ecommerce fray? Why not sell your own stuff. Of course, along with selling your own stuff on your own website comes a whole slew of both responsibilities and technical configuration and requirements. For starters, you’ll need a website and a hosting account. You’ll also need a merchant account (sure you can use Stripe or PayPal). Then you’ll need to design that site, build a sales funnel, create a lead magnet and do some email marketing.
You’ll also need ecommerce software, fulfillment software, worry about warehousing, customer service, refunds and so on. But that’s not all. You’ll also need traffic. Think search engine optimization, Facebook ads, and other social media campaigns. Sound like a lot of work? Sure, it is. Especially if you do it all on your own. You could opt for Amazon’s platform, which might be the easier route. But, then again, at the end of the day, this is a serious business, which could produce significant profits. So you’re either all in or you’re not.
Shopify Ecommerce: Want to build your own storefront? You could opt to create a Shopify store. You could also install WooCommerce as a plugin and run your ecommerce store from your blog. You’ll need an SSL certificate and a way to process payments, but you might find this easier to get up and running fast to start selling immediately.
Fulfilled-by-Amazon (FBA): You could easily start selling on the largest online store in the world and forget all the muss and fuss about building out your own infrastructure and worrying about traffic. You will need to pay a commission, but most of the other processes will be automated for you.
Drop-shipping: Amazon offers one form of drop-shipping, but there are other resources for drop-shipping products that you’ll never actually have to see or handle yourself. You’ll simply need to close the sale. Providers like SaleHoo, Worldwide Brands, and many others, offer you a great resource for drop-shipping your products.
High-ticket consulting or coaching: You could sell your own high-ticket consulting or coaching products from your website. You’ll still need a website, merchant account, sales funnel, lead magnet and many other items. But you can easily earn a substantial amount of money from each individual customer, making it well worth the arduous setup required.
In conclusion, I want you to remember that no matter what method you choose to make money online, understand that you might be able to make some money fast, but for the sizable returns, you’ll need significant sweat equity. However, a year from now, you’ll be happy you started today. Remember, time is far more valuable than money. Focus on creating passive income streams that will free up your time so that you can quit the rat race and focus on the things that matter. That’s the important thing here.
Know of any better way to make money online? Kindly add yours in the comment box below.