You can make money online regardless of what others think. There are many businesses to choose from actual ways to make money online. Your earning potential will only be as limited as the effort you put in. This short guide will explain how to make online money and help you select the best one.
Let’s start.
1. Freelance job
There are thousands online businesses available that are seeking talented workers. They look for people who know how to design and code. Online work is possible for talented people who are skilled in these fields. Most companies offer projects-based, part time, or full-time employment.
PROS:
Finding work is easy, with hundreds of job options available. You have the freedom to work anywhere and anytime you wish, so long as your job is completed.
Your earnings will be determined by how hard work and time you put into it. It is not the case in all office jobs that wages and salaries are fixed.
CONS:
You are working as an internet boss. You need to answer to someone. You may not enjoy working for someone.
Another problem is isolation. Your office boss might not be the best person, but you can still bear it because your friends. You can now get rid your friends and just let the boss in. Does this sound a little sad?
2. Establishing an Authority Site/Niche Site
Let’s first differentiate them.
Authority pages are sites that have shown their expertise in the web. This is because many internet gurus have made it their “go-to website” for their products or services.
Niche web sites are websites which focus only on one particular niche.
Is there a place for earning money online in all of this? The best way to make online money is to monetize your website.
a. Monetizing it using Google AdSense
Google AdSense has allowed many people to make thousands of dollar. Google approves you but it can be difficult. To get approved by Google, your website needs to contain 16-25 quality articles. Approval isn’t always a guarantee of making money. Google ads are also recommended for site visitors. It’s possible to make significant money with ads if they are well placed and used.
b. Affiliate Marketing
Affiliate Marketing refers to promoting other people’s products or services on your site. In essence, you are promoting their products. You get a commission if someone buys your product.
Site for membership
You create a website full of quality products and great content, which is exclusive to members. An individual may not be able access your website unless they pay a membership charge (which you will establish). This is a good business idea because it is recurring. Members pay their monthly fee and it generates income long after you have finished the website.
PROS:
You can create passive income for yourself, and live the lifestyle that you always dreamed. The possibilities of earning money from the creation of Authority sites or niche sites are limitless. This is because the earnings you earn will be dependent on how much effort, connections, and money you invest in the website(s). Websites that are more successful will have more work, sweat, and tears. Yes, success will bring you more revenue.
CONS:
The creation of an Authority site, or Niche site, requires a lot more research, promotion and money. A learning curve is inevitable because you will need to be proficient in many aspects, including copyright, online legal matters, and online language terminology.
3. Selling your own product/service
“The creators (and sellers) of the product are the ones that make the big money.” Everyone in between works for them.
-Anonymous
Nothing beats the feeling of being the source for a high quality product. It could be an Ebook. Podcast. Magic Toolbox. Furniture. Online sales are possible as long your products are top-quality.
A website is a great way to let people know about your product. Start from there and build your business.
PROS:
Once your product becomes a success, you’ll have passive income.