No matter what other people may think, there is money to be made online. There are many business models that you can work towards and work through and your earnings will only be limited by the work you do. This quick guide will introduce you to ways to make money online and help you decide which option is best for you.
Let’s Begin.
1. Freelance jobs
There are thousands of companies online today that are eager to hire skilled and talented individuals. People who know how to design, write, program, coding, and teach are often what they are looking for. A person who is talented and skilled in these fields can easily find work online. Most of the time, companies offer project-based, part-time, and full-time work.
Advantages:
It is easy to find work and there are hundreds of job opportunities to choose from. You also have the freedom to work whenever and wherever you want as long as you finish the assigned task.
Your earnings are determined by the quality of time and hard work you put in. Unlike, in most but not all, office jobs in which salaries and wages are fixed.
cons:
You work with a boss online. You have to reply to someone. If you are not a fan of working for someone, this may not be for you.
Another drawback is isolation. The office boss may be your worst person but you can put up with it because of your friends. Now get rid of the friends and leave the boss. It looks a little sad, right?
2. Create an authority or specialized site
First of all, let’s differentiate between the two:
authority sites They are websites that have proven experience in the World Wide Web. This means that many reputable people on the Internet have considered it their “go-to” site because of their service or product.
specialized websites On the other hand, there are websites that only contain and talk about one specific niche, and one specific topic throughout the blog.
Where does making money online fit into all of this? How to make money online creating a website by monetizing it.
a. Monetize it with Google AdSense
Many people have earned thousands of dollars with Google AdSense. However, it is really hard to get Google’s approval. Your website should need around 16-25 high quality articles to get approved. Although getting approved is not a guarantee of making money. Your visitors must also click on Google ads. If ads are used and placed well, you can earn a large amount of money.
B. Affiliate marketing
Affiliate marketing is promoting other people’s products and services on your site. You basically promote their products and get a commission if a site visitor buys your product.
c. Membership site
You create a website full of high-quality content and products that are exclusive to members only. The person may only be able to have full access to your website and that is to pay you a membership fee (which you will specify). This is a good business model because it is recurring (members pay their fee monthly) and will generate income long after the site is finished.
Advantages:
You can create a recurring passive income for yourself and you can live a lifestyle for as long as you desire. The sky’s the limit when talking about potential earnings in creating authority sites and niche sites. That’s because the profits will only be limited by the time, effort, connections, and investments you put into your website(s). The more blood, sweat, and tears you put on websites, the more successful the site will be. Sure, more success = more money.
cons:
A lot of research, promotion, money and time must be invested in creating an authority or niche site. You will also come to a learning curve since you need to learn many things such as online jargon, methods and techniques, copyright, online legal issues and many more.
3. Sell your product/service
“The people who really make the big money are the makers and sellers of the product(s). Everyone in between works for them.”
-unknown
Nothing beats being the “source” of a quality product. It could be an e-book, podcast, magic toolbox, furniture, t-shirt, etc. As long as you are confident that what you are selling is the best, sell it online!
Create a way for people to find your product – either build a website or put it up for sale on a website. Start there and build your business slowly.
Advantages:
When your product takes off, you’ll get what everyone wants – passive income.
You will be online 24/7 and you are open 24/7. Earnings will be determined based on how valuable and useful the product is. If you consider it the best product, the money will come.
cons:
Promoting the product will be a struggle; Especially if you don’t have a website or online connections.
