Most people enter the Internet marketing business for money. It’s hard to conceive why anybody would want to ‘waste’ his time in the Internet marketing world if it wasn’t for making some money. It’s not the easiest way to make money but the idea that one could make money from the comforts of home doing the very thing one loves is more than alluring. It’s no wonder why “how to make money online” happens to be one of the most-searched topics on the Internet.
There are people who start a blog purely for the love of writing and without any monetary considerations. A hobby blog, one could say. But these are very few and even though one may start a blog to only write and to get engaged in a healthy pastime, at some point, the blog owner may be tempted to make some money out of his activity. After all, when a blog becomes popular with many subscribers and visitors to it, it’s very easy to monetise it. So, it’s like “why not monetise it and make a good income when everybody else is doing it?”
If you’re reading this, then I’m almost certain that you’re looking at ways to make money online. Or maybe, you’re already into it and a beginner who’s trying to make sense of all the information that’s flying around. It might be that you already have a website and have enrolled in some online business or digital marketing course. Before you enter the online business arena of the Internet, most opportunities to create incomes online might have never crossed your path. Even if they came, you were mostly oblivious to them. However, once you are in the Internet marketing business as an affiliate marketer or as a blogger, you come across a plethora of business opportunities. You have an idea of the Internet which is very different from a layman. For you, the Internet is a goldmine of opportunities. But if you’re a beginner and if you’re not clear about what your online business should be and how you may want to exploit the opportunities provided, you can get easily drowned in the sea of information. Let’s see some of the popular ways for making money from the Internet.
Ways to Make Money Online
There are many legitimate ways of making money online. Depending on how much time and energy you dedicate on these activities, they can be scaled up to make a significant income. Some of these activities are:
#1: Paid Online Surveys
This one’s the easiest and is very popular among college-going students to make some quick buck in their spare time. You just need to fill out a form which can take only a few minutes to complete and can make up to $5 for some surveys. However, most surveys don’t pay you that much. Online surveys are good for those willing to earn some money in their spare time. The earning potential is very limited though.
#2: Online Market Trading
This is basically investing in stock markets and currencies. A very lucrative option with a virtually limitless potential to make it big, there are many online market trading platforms available. There are good training platforms that teach you the basics of online trading. However, trading involves risk and only a few people are successful.
#3: Online Betting
There are many online betting sites that allow you to earn good money. The activity is legal and anybody can do it. But then, it is not without risks. Risky not because of the authenticity of the betting sites as such but the activity being such, there’s no guarantee for success.
#4: Start a Website
With a website, there’s an endless array of monetising activities you can perform. If earning passive income is what you’re looking for, then you need a website. Whether it is for blogging or for affiliate marketing, a website is what you need. With it, you will be able to earn money while you sleep. It’s very simple to start a website. Driving traffic (your potential customers) is never easy and despite its relative ease for making a start, the failure rate is very high. But when it clicks and when there’s a good volume of traffic, it is one of the best methods for earning income.
#5: Review Website and Apps for Money
A very simple way to earn legitimate money online, there are platforms that pay you up to $10 for reviewing websites and new apps. If you have an eye for detail, it can be a fun way to earn some quick money. It could take you up to 20-30 minutes for a full review of a website which is cool. Can this be a full-time activity to replace your conventional office job? Maybe not.
#6: Publish a Kindle eBook
If you love writing and researching, you can easily publish an eBook and sell it. You can sell your eBook at Amazon Kindle store and make money. The global market for Kindle books is huge and with a popular store like Amazon, it is a real deal. You can list your eBook there and earn a good commission (up to 70%) from its sale. If you can provide good information in a well-researched book on common problems faced by the people and package it up with good illustrations and exquisite cover designs, it is a highly lucrative option. It’s another way to earn passive income. It’s a very competitive market though and for you to succeed, you have to have an edge over other books on similar topics.
#7: Affiliate Marketing
Do you already have a blog? Do you have a good social media presence? If you have, then you can start generating a good income by promoting all sorts of products and services. There are many affiliate networks where you simply sign up and start promoting the products there. When people buy or sign up for services through your promotional efforts, you get paid a commission. You can do affiliate marketing from a blog or even from a Facebook page by posting the affiliate products there. The earning potential is huge.
#8: Network Marketing or Multi-Level Marketing (MLM)
The Network Marketing or Multi-level Marketing (MLM) is one of the most lucrative ways to creating a good income. In this business model, you can generate continuous income by selling products and by recruiting other members who are then encouraged to sell the products (or recruit members). The model allows you to earn money from the sales made by those you recruited under you (your downline). Definitely not a get-rich-quick option, but nonetheless if the products you sell are good and well-loved by the people, you can make a killing from this business.
#9: Gigs on Fiverr
This is the world’s largest marketplace for making money by selling small services. Be it writing, social media posting, designing, teaching, music lessons, videos, voice-overs, translating, there’s money to be made. There are always people on the lookout for services and if you can deliver good services, you can build up an online authority there within the platform. Like the Joker says, if you’re good at something, never do it for free! At Fiverr, you have the ability to make a decent income from your gigs.
#10: Sell Your Own Courses
At places like Udemy, you can become a tutor to many students. With these online tutoring sites, you can sell your expertise to a global audience. If you can create an online course on any topic (on ANYTHING) and sell it at Udemy, you can earn as long as there are people who are ready to buy.
#11: Sell Photos
You can make money from your creativity in photography. If you can upload your photographs on certain websites dealing in stock photography in categories that have a high demand, they can fetch a good price. There are always buyers in the market looking for unique photographs to be used exclusively in their business campaigns, literature, websites, etc.
#12: YouTube Videos
People look up to YouTube for anything. Be it music videos, news, instructions, recipes, exercise, reviews, people turn to YouTube for anything. When you upload videos, you can earn a percentage of the advertising revenue. Your success will depend on the popularity of your video and the subscriber base.
#13: Bitcoin and Cryptocurrencies
Touted as the currency of the Internet, the Bitcoin and Cryptocurrencies come with a lot of hype. There are also some ambiguous information and scams happening too. But there’s no doubt about the excitement happening in this arena. There are claims of people making millions of out of cryptocurrency trading but you need to exercise caution to be able to understand the whole hoopla surrounding it.
I have listed only the more popular ones among the different ways to make money online. There are lots more than the ones listed above,
Are You Looking for Earning Passive Income?
If it is earning “passive income” (the earn-while-you-are-sleeping kind) you’re looking at, then you would create a website and try to monetise it. It could be done in many ways – ads, the sale of affiliate products, the sale of your own products or providing business leads.
You create a nice website, write amazing content, do SEO, promote your blog and let the traffic flow in. It could take you a few months or even more than a year to see some result (the traffic) but once everything clicks, it’s an amazing way to create income online.
But you have seen that earning through a website or blogging is just one of the ways of making money online.
When you enter the Internet marketing world as a newbie, you are mostly clueless about making money online. At best, your knowledge is limited to making money through “Get Paid To” sites by doing random activities – clicks, watching videos, surveys, etc. However, in time, you are exposed to many other business opportunities.
As seen in the examples listed, there are a few avenues where you can earn passive income like making money on autopilot. Blogging, affiliate marketing, YouTube videos, selling courses online, publishing eBooks, well, you have lots.
Don’t Get Overwhelmed – Decide on an Activity
As a beginner, when you are bombarded with all these information on how to make money online, you can get easily overwhelmed and confused.
Let’s say, you start your online adventure with a newly-created website. You feel that’s what fits you most. Perhaps you have enrolled yourself for an affiliate marketing or digital marketing course. There’s so much to learn if you’re a complete newbie right from how to set up a WordPress site, get it hosted on a server, to the SEO where you learn the ways to drive traffic to your site. There’s an enormous amount of skills you will be learning.
Now that you have decided to be an Internet marketer and monetise your website, you should be mentally prepared for many things –
- It’s difficult to choose a niche that’s both a passion for you and profitable as well.
- It’s difficult to write good quality posts consistently.
- It’s not easy to get ranked on popular keywords if you have a new website.
- It’s not easy to make people take notice of your content.
- It takes a long time for people to trust in your brand.
- There’re already too many established blogs in the same niche as you are.
- People’s choices and tastes keep on changing.
When the traffic does not pick up as expected and when there are no sales or referrals happening, you kind of get disheartened and begin questioning if this was worth it. You have been spending an insane amount of time in front of the computer and yet nothing is happening even after having written many posts and doing all those SEO things.
You’re now at your most vulnerable self to big-time distractions. By now, you have realised that making money through a website (affiliate marketing) is damn hard. It’s just too competitive.
Ask yourself this question – is it affiliate marketing that you’re looking at? Or is it MLM? It will never be easy but you need to be very clear with what you want to do.
I do not mean to discourage you but you will have to confront with this hard question someday. After all, we only have twenty-four hours in a day. We all want to utilise our time optimally, don’t we?
One of the most common tips for generating good revenue is to create multiple income streams.
But this tip is certainly not for beginners.
There’s so much to learn. If you’re a beginner, it’s important that you stick to just one activity and to try to get your business off the ground first. It’s not advisable to branch out from early on.
If it is affiliate marketing and making money from affiliate sales and referrals, so be it.
If you want to generate revenue through online trading, well that’s great.
If it is MLM (MLMs can be through a website too in many cases), you should go ahead. It’s still one of the most lucrative and fulfilling ways to create income.
The point is – if you’re a beginner, let it be a single activity. Let your business take off first.
You do not want an early burnout, do you?