10 Ways to Really Make Money Online
It seems more people than ever are trying to get their start to a part-time or full-time income online.
In many cases this is because of all the economic problems and job losses occurring. For others though, they earn a good income already, but they’re looking for more FREEDOM in their life. They’re sick and tired of the daily grind of whatever job they’re in. In fact it seems like overall job dissatisfaction is a major issue today from people I’ve spoken with.
Here’s the sad news for the majority of those looking to make money online. Nothing is as easy or simple as some people make it out to be. There isn’t any magical system that instantly makes money for you while you sleep. You’re not going to get very far in an online business if you only want to work 4 hours a week starting out.
The reality is that you’re going to have to learn new skills…practice them constantly…and improve on them until you’re able to give real value to others.
That’s what this business is all about. Instead of hyping you up about how “easy” it is to to make money online, let’s cover some of the ways you could get your start online. And then I’ll make a few notes at the bottom for the key points I’m trying to share here.
1. Sell Information Products
Obviously I like this business. You have information others will be willing to pay for. I’ve heard the saying, “Everyone has at least one book in them.” Good saying, but that’s too much work for your first product. Instead I recommend for most they get started with interviews (either with someone interviewing them or them interviewing someone else).
For your first product, keep it simple. Often it is a good idea to sell at a low cost (such as $10) to build up a list of customers. At these lower prices, your copywriting skills don’t have to be as high of a level, and you find it a much easier “instant” purchase for many to make. Plus by keeping it simple, you can focus on several different markets creating items in each…until you find your BIG winner to push deeper in.
When people hear blogger, they think a full-time writer that updates every day or multiple times a day. That isn’t required for this. When I think of a blogger, I think of a webmaster who uses WordPress to help build a content website (no matter how often they update it if they update it at all).
The key to focus on here is to use keyword phrases people are ACTUALLY looking for. While social media is fully hyped up and it’s what everyone is talking about, the best quality traffic comes from long-term readers, other people’s blogs, the search engines, etc.
While you can use a blog to promote ANYTHING you sell online, there are many who simply sell advertising or post Adsense ads to their site (with this method its very important to choose a niche where people are spending a good amount of money on their Adwords ads so you can get a decent paycheck).
3. Article Writing
Don’t want to put up your own site? Write articles for other people’s sites. This are multiple way you can do this type of business. You could start off by writing articles for the article directories where you promote an affiliate program in your resource box (key here is to write on popular subjects and link to very profitable affiliate programs).
You can also write articles for sites such as http://www.ehow.com/write.html and get paid (its a very small amount but it is an online income). In addition you could develop a service for writing articles (think about all those bloggers and content sites which need a regular writer).
4. Produce Videos
Similar to the above. Create videos to post on Youtube and other video sites. You can start off by promoting affiliate programs. In addition, some of the video sites will pay you a share of the advertising profits if you can generate a good viewership to the videos.
It becomes an even MORE needed service to produce videos for other sites. As you develop skills to produce your own videos, you then expand out and sell your services to sites who need videos produced for them.
I’d feel I was leaving out a major opportunity if I didn’t mention eBay. I’m not sure on the stats, but overall I would expect eBay has more part-time home businesses involved than just about anywhere else. Start off with selling some of your own stuff. Expand out to selling specialized items to your customers.
I’ll bet you were expecting this by now as well. You can even run a local service where you sell OTHER people’s stuff on eBay for them. It seems every city has a least one person doing this if not a large number of them (even the tiniest little places). Become an expert at emptying out other people’s garages.
6. Virtual Assistant
Every successful business owner needs a VA at some point or another. They need help with their customer support, website changes, shopping cart setup, etc. We could make a huge list of all the services a VA can provide for you in business. Basically many entrepreneurs are solopreneurs. Instead of hiring staff, they bring in VAs to help them.
Offer your services as a VA to others. The more skills you develop, the more you’re worth as a VA (for example copywriting, web design, and seo is often paid on higher rates than many of the basic services).
7. Become a Software Expert
Love software? Provide support for online business owners through either installing some of the popular software programs being the go-to expert for deeper help. For example, you could become an expert at a shopping cart system. Then create services where you help people set up their business and products, their affiliate program, or their mailing lists.
You could become a WordPress expert setting up WordPress sites and plugins for customers. Or perhaps you learn how to setup membership software to do the same type of service. Remember software can be a major pain to setup when you’re a beginner. Create services to do this for others.
8. Offer Design Help
Here’s another area people need help. You’ve heard me often say I’m graphically challenged. If I want any nice designs, they must be hired out. If you enjoy graphics, then this is a potential direction for you to take. Create the graphics for other people. You can even get your start designing for some of the 99designs contests (you only get paid if you win).
How could this service be turned into a product? Simply create a series of web site templates, wordpress templates, etc. and sell those as a product. Another “graphic” type business would be photography where you take photos and sell those on a site such as http://www.istockphotos.com.
9. Consult for Offline Companies
Anyone who has been online for a while has learned all kinds of information about autoresponders, seo, blogging, etc. While you may consider yourself a beginner, you’re an EXPERT compared to the average public. Many people find helping local businesses get online as a way to finance the beginnings of their own business.
Wonder how to get started with this? The easiest way is to simply mention your services to any business owners you normally do business with. If they need a website you can do it for them. And if you’re wiling to do it, you can generate a number of client leads by doing a How to Generate Leads On the Internet 30 minute speech for local business organizations (they won’t pay you but you’ll get the opportunity to find business owners who need your services).
10. Become a Life Coach
I could have said “become an excutive coach, business coach, career coach, etc.” I think way too many people get excited about selling ebooks and other low cost items online that they forget about businesses where you can earn much more for your time.
You might respond, “But I don’t want to trade hours for dollars.” Of course you don’t want to long-term, BUT don’t discount services that people are willing to pay a premium for. This leads me into one of the core points I want to make with this article.
Develop a Sellable Skill
Doing the service will IMPROVE your skills for products you may create. In addition you can generate the cashflow you need today to invest long-term in your business for the additional passive income streams.
Notice all the above ways to make money online involve you developing a skill you could sell. When I talk about writing articles, you could sell those writing skills to others. Doing interviews and “editing them” is a skill you could sell. Some of the most successful business people I know are definitely good enough copywriters they could sell that skill even though they have never done so.
There is NO such thing as “push button” profits online. Anything you to create profits is going to require work…and you’re going to become an expert at dealing with at least one element of that work. It could be the design, the content creation, etc., but you will develop a skill.
You may ask, “What about those who hire out everything in their business?”
The funny thing is I don’t know anyone like that. I know a couple of people who don’t know any of the technical details of their business, but they are very good writers (for their sites and their emails).
You’ll find that developing persuasion skills are one of the core skills you need to develop to be successful in a business. Even those who do hire out the copy for some of their sites write some of their own articles, emails, etc. They have the skill to do so.
The skills you’re developing can help you produce the income while you build the more residual elements of your business. So don’t discount “trading hours for dollars” in your business. And this is besides all the other benefits you’ll gain from doing services (such as how coaching clients can help you create better information products out of the training experiences).Related Entries:
- 7 Ways to Make Money Online
- Expertise Equals Income
- 5 Reasons to Create Your Own Products
- One Way to Success Online
- Art of Persuasion