I’ll be honest with you.
Until I actually started making money online myself, I believed it was just a myth.
A dream that’s just too good to be true. A big scam that lures people into wasting their hard earned money.
But here I am, like thousands of others around the world, actually making a full-time living from my laptop for the last 5 years now.
The scams I feared are real, and they’re really tempting.
But there are many clean and legitimate ways to make money online as well.
From the outside, it can be really confusing how ordinary people can build four, five, six and even seven figure businesses without even having an office building or a permanent workspace.
But it becomes clearer once you dig deeper and study the different business models individually.
In this post, I’ll give you a brief introduction to several ways you can make a full-time living on the web even if you’re a total beginner.
However, unlike many other posts on this topic, I’ll focus ONLY on real business models that are sustainable in the long run and have the potential to replace your day-job.
So don’t expect to see methods like “filling surveys” or “selling your organs” on this list.
What You’ll Learn In This Post
- An introduction to more than 40 legitimate and long term online business models
- How to monetize your existing skills to make money
- How to generate a full-time income without even having your own product
- Why you don’t need a product to start an eCommerce business
- How to build a thriving business without an email list
Things To Remember If You Want To Make Money Online
Before we go into the details, I want you to remember a few things.
An Online Business is a Real Business
Which means you need to give it the respect it deserves. There’s no mystery in it.
Just like real businesses, you need to identify a need or a gap in the market and provide a solution to make money.
It Requires Hard Work
An online business has the potential to work on auto-pilot, but that only happens after you invest hours of hard work into creating a self-sustaining system.
You Won’t Become a Millionaire Overnight
“But Jawad, I just heard from Guru XYZ how he went from being a broke farmer with zero computer knowledge to becoming a seven-figure internet marketer in a matter of hours”
You’ll find exceptional success stories in every business
But business plans based on flukes and exceptions rarely succeed. So only bother reading this post if you’re in this for the long-run.
You Don’t Need to Know Everything to Make Money
Nobody knows everything, even the wildly successful marketers that you want to emulate.
Long-Term and Legitimate Online Earning Methods
With that mandatory disclaimer out of the way, let’s jump right into the business end of this post.
1. Make a Living as a Freelancer
If you have a skill that can add value to other people’s businesses, you can become a freelancer right now. Freelancing is simply trading your time for money.
It’s not a passive income source (unless you have people working for you). But it’s the lowest hanging fruit when it comes to making money online.
Which is why more than 35% of the total U.S workforce is freelance (a number that’s expected to reach 50% by 2020)
If you haven’t made a penny on the web yet, freelancing is the best place to start.
But don’t underestimate its earning potential.
According to a survey by Contently, the majority of the full-time freelancers made at least $30,000 in 2016.
That’s not a big deal, I know
But when you look close, you’ll find that these results are slightly skewed since there’s no income breakdown according to skills.
As a freelancer for several years myself, I can tell you that your income mainly depends on your skillset and your brand image.
For example, the monthly income of a freelance graphic designer or a programmer or a high-quality copywriter is usually 4-5x higher than a freelancer offering translation or data entry services.
Services You Can Offer as a Freelancer
How about becoming a professional prankster?
People offer all sorts of crazy services.
But since we’re talking about long-term earning methods only, here are a few services you can offer as a freelancer and make a career out of them.
1.1 Freelance Blogger – Writing blog posts for other blogs like I do
1.2 Freelance Guest Blogger – Writing guest posts for your clients on other blogs
1.3 Freelance Ghostwriter – Writing articles, blog posts, books etc. without putting your name on it
1.4 Freelance Writer – General writing projects like press releases, eBooks, articles, manuals, magazine articles, technical writing etc.
1.5 Freelance Copywriter – Marketing copy for websites, landing pages, emails etc.
1.6 Freelance Web/Graphic Designer – Designing websites, logos, banners, social media images etc.
1.7 Freelance Programmer – Creating software
1.8 Freelance App Developer – Mobile apps for Android, iOS, Windows phones
1.9 Freelance Virtual Assistant – Assist your client in daily activities like responding to emails, prioritizing tasks, doing other non-business tasks.
1.10 Freelance Social Media Marketer – Managing social media accounts for your clients
1.11 Freelance Search Engine Optimizer (SEO) – Optimizing content and webpages for Google Search
1.12 Freelance Search Marketer (Google AdWords/Bing etc.) – Running and managing paid ad campaigns.
Ways to Find Freelance Projects
According to a survey by Payoneer, here’s how most freelancers find work on the web.
Online marketplaces and direct clients are two of the biggest job sources for freelancers, which is not surprising.
Personally, I’m not a big fan of freelance marketplaces since there’s a lot of cheap competition on these platforms. I get all my clients from my own website, referrals, and through guest posts that I’ve published on other leading industry blogs
I prefer direct clients because in that case the business is chasing me and I get to choose my own rates. You can learn more about this strategy in this epic post by James
If you’re looking to get clients directly, having a strong brand image and a well-populated portfolio is also important.
As for the different freelance portals, they do offer a steady inflow of projects if you can establish yourself as a reliable freelancer. The rates also improve once you start getting more positive client feedback.
But it takes time.
However, for most beginners, it’s a good place to start.
Here are some of the top freelance job websites you can sign up for
General Freelance Jobs
Blogging/Writing/Editing and Content Marketing Jobs
Web and Graphic Design Specific Portals
Programming Specific Jobs
There must be hundreds of other freelance job portals, but I’ve listed the ones I personally know.
Freelancing is a real and legitimate way to build your career online. But it does require patience dedication and a lot of hard work.
If you’re willing to do that, there’s a lot of money waiting for you on the other side.
The Pros and Cons of Freelancing
|Low entry barrier, anyone can start freelancing||High competition on all freelance marketplace websites|
|You can start making money from day one||Not a passive source of income.|
|You can work on your own terms||Scaling a freelance business is hard work|
|You can choose your clients and set your own rates||You get paid only when you work, which increases the chances of burnout|
|You can work from anywhere||Work revisions, delayed payments and bossy clients are common problems for freelancers|
2. Live Your Passive Income Dream With Affiliate Marketing
When most people talk about making money online, they’re not referring to freelancing or trading time for money.
They’re talking about passive income – money that keeps coming in even when you’re not working.
Affiliate marketing fits that criteria perfectly which is why it’s one of the most popular ways to make money online.
Most of the NicheHacks tribe is also more interested in affiliate marketing than any other online earning method.
If you’re a complete newbie to affiliate marketing, this infographic explains the how it works.
An affiliate is someone who promotes products or services of other businesses and earns a commission when a sale is made as a result of his marketing activities.
But affiliate marketing is much more than simply spamming people with your affiliate link and expecting them to buy from you.
You might get an occasional sale here and there using this method, but if you want to turn affiliate marketing into a long-term and sustainable income source, you’ll need to develop a group of people who trust you and consider you an expert in your niche.
You can do that by creating high-quality blog content, YouTube videos and other forms of content, and by building your email subscriber base so that you can send them more offers in future.
You can promote both physical and digital products and services as an affiliate marketer. However, the strategies for both may slightly differ.
2.1 Marketing Physical Products as an Affiliate
There are hundreds of thousands of eCommerce stores that offer affiliate commissions to anyone who promotes and sells their products.
As the biggest eCommerce site in the world, Amazon has the biggest affiliate program as well. It’s popular not only because people prefer buying through Amazon, which makes it easier for the affiliates to sell more, but also because Amazon offers a seemingly unlimited range of products that affiliates from any niche can promote.
Just in case you’re wondering about the earning potential of affiliate marketing, here’s a snapshot from Michelle’s blog, a leading personal finance blogger and affiliate marketer.
Here are some strategies affiliate marketers commonly use to promote physical products.
Just like Michelle, if you blog regularly on a certain topic and have a loyal readership, you can monetize it by sending them relevant product promotions. This is one of the most common ways marketers make money online.
You can either find products to promote on Amazon or look for affiliate programs that are specific to your industry.
For example, if you’re a fitness blogger, you could search for fitness related affiliate programs on Google.
Here’s what I found.
This is just one example. You can find such offers in every industry.
Here’s a detailed guide on how to naturally promote affiliate offers as a blogger without being too pushy.
2.1.2 Niche Sites
Niche site is just a fancy name for blogs that are super focused on a very narrow niche. For example, instead of writing about health & fitness in general, a niche site would focus on narrow sub-niches like “weight-loss for diabetics” or “fitness for entrepreneurs”
SmartMonkeyFitness is a good example of a niche site that’s focused on a very narrow topic.
Most niche sites make money by promoting related Amazon products in their content body and side bar.
For example, the post in the snapshot above links to 15 different fitness related products on Amazon. The site owner earns a commission every time a reader makes a purchase through his post.
If you’re wondering what niche to target for your site, we have already done the hard work for you.
Here’s a free research report with more than 1781 niches that you can target.
2.1.3 Product Review Sites
As the name suggests, product review sites mainly publish reviews of different products and help readers choose the product that fits their needs.
Again, most product review sites use physical products from Amazon. But you can use other affiliate networks as well.
Here’s a good example of a review site
Luqman Khan, a member of NicheHacks Facebook Mastermind, managed to reach $40,000/month in just 8 months with his product review site.
Almost all of his income was generated through Amazon’s affiliate program. You can read his success story here.
You can learn more about the right strategies to create product review sites by reading our detailed guide.
2.1.4 Price Comparison Sites
Price comparison sites help users find the best deals on the web and earn a commission every time a sale is made through them.
Creating comparison sites is a huge business, especially in the travel, insurance and banking industries.
To give you an idea, nearly 43% of all online retailers get around 10% of their annual sales through comparison sites. Around 40% of all car insurance policies purchased online are through price comparison sites.
However, there’s no reason why they won’t work in a narrow niche.
Shoesniper and Parcel2Go are great examples of niche price comparison sites that are making a lot of money through affiliate commissions
Glen Allsop recently published a mamoth post with several recent examples of highly successful comparison and deals websites. You can read it here
You can learn much more about creating price comparison sites in this detailed guide.
2.2 Selling Digital Products as an Affiliate
Marketing digital products as an affiliate is usually a more challenging prospect as compared to physical products.
I say this because most affiliates promote digital products like online training programs, web based software, web hosting services and different automation tools.
To sell these products you need to earn the trust of your buyers before you can pitch them an offer and convince them of its usefulness since there are so many scams out there on the web.
But that’s just my opinion.
If you want to market digital products as an affiliate, make sure that you
- Only promote products that you genuinely believe can be useful to your buyers.
- Only promote products from reliable sellers/networks so that they deliver real value to the buyers.
If you can build your reputation as a trustworthy marketer, people would be more than happy to buy the products you promote.
You can use product review and price comparison sites for selling digital products as well. But the more sustainable and long-term approach is to first route your target audience to an email list.
From there, you can send them emails to increase awareness about the products you’re offering and offer exclusive discounts to drive more sales.
Your best chance of doing that is by starting a blog, creating high-quality content and building a pool of loyal email subscribers.
Matthew Woodward’s blog is a great example of this approach.
He started blogging in 2012 and over the years he has amassed a huge following that drives his business.
Here’s a snapshot from income reports from 2017
To give you an idea of what he promotes, here’s a snapshot from his June income.
NicheHacks is another example you can follow.
Stuart started this blog with zero subscribers.
But today, NicheHacks is a thriving community of thousands of emails subscribers, Facebook Mastermind members, and followers on other social networks.
Note: Stuart shared exactly how he grew NicheHacks to 1 million readers in this post
From time to time, he promotes relevant and high-quality products to his email list subscribers and makes a lot of money from affiliate commissions.
Here are a couple of posts that describe his strategy in more detail
There’s no substitute for high-quality content.
If you want to generate regular and sustainable income from affiliate marketing, you need to build a blog, publish lots of great content, turn readers into subscribers and then promote relevant offers to them.
Where to Find Affiliate Offers
Almost every SaaS company, web hosting service, or marketing automation tool I know of, invites affiliates to sign up, promote their products and make commissions.
You just need to search for them.
But you can also join an affiliate network and choose relevant products to promote. An affiliate network is a platform where product creators and affiliate marketers like you interact.
When a product creator wants to launch his product, he lists it on an affiliate network where affiliate marketers from relevant industries and niches sign up for it and promote it to their respective audiences.
Here are a few affiliate networks you can join to find relevant offers to promote.
You can find dozens of other affiliate networks in this post
The Pros and Cons of Affiliate Marketing
|It’s a passive income source that’ll keep earning you money even when you’re asleep||You’re risking your reputation by asking your audience to buy from a third-party merchant, since you have zero control on the product quality|
|It’s easy to start and doesn’t require any big investments||Affiliate networks can suspend your account or hold your commissions sometimes even on minor mistakes or misunderstandings.|
|You don’t need to create your own product||You can’t start making money from day one. It requires a lot of time and effort|
|You don’t need to worry about after sales, customer service or any other logistical support||If you want to make it a completely passive source of income you need to rank for the right keywords in Google search and build a huge email list|
|Thousands of affiliate programs to choose from, many of which pay as much as 80% commissions||There are lots of scams in affiliate marketing so you need to be very careful before choosing a product to promote|
3. Earn Life-Changing Money With Blogging
I’ve already mentioned blogging and content creation a number of times, since most online earning methods revolve around great content.
However, blogging still merits a whole section because it helps you build an audience around your business and a platform that can be used in countless ways to make money online.
The whole idea behind blogging is to create well-researched, actionable and in-depth content that solves the problems of your audience and helps them take action.
When you do that on a consistent basis, people start considering you an expert and trust your advice and recommendations.
This is when you can make money with blogging.
Here are a few ways to do it.
3.1 Sell Your Own Digital Products
If you can identify the biggest pain points of your target audience and create a product that solves them step by step, people would willingly buy from you.
Creating a product is a one-time investment that keeps earning you money for years. You can keep updating your product with new modules to stay relevant to the current problems of your audience.
Here’s a quick look at the type of digital products you can sell.
3.1.1 An Online Course
Target one major problem that’s bothering your audience and create an online course that solves it. Your course could contain a series of video lectures, worksheets, PDF guidelines and additional reading material.
Online courses are high ticket products that can be easily sold in high-four figures as long as you can provide value.
For example, Ramit Sethi opens up registration for his premium course Zero to Launch only once a year and sells it for as much as $10,000 per course.
Brian Dean sells his SEO course for mid four-figures every year.
You can use tools like Gumroad, Teachable or Kajabi to host your course, manage students and process payments for you.
You can learn more about creating an online course in this detailed post.
3.1.2 An eBook
eBooks won’t immediately fill your bank account. But they’re easy to create, provide quick value to the readers and sell like hot cakes.
Plus, they help you turn your email subscribers into buyers that can be upsold to higher priced products.
For example, Stuart’s 101 Digital Affiliate Hacks and 101 Traffic Hacks are eBooks by definition, but they provide more actionable information on their respective topics than many full-fledged courses. And that too at a fraction of a video course.
So when Stuart does eventually launch his own video course, his buyers would happily buy from him because they know he over-delivers on value
Not bad for a few hours of work.
Because of these advantages, some of the biggest blogs on the web still actively sell eBooks on different topics.
Here’s a detailed post that outlines the process of creating and selling an eBook.
3.1.3 An Email Course
Instead of publishing everything in an eBook, you can break it down in a series of emails and offer it as a premium course.
This 30 day course by Brennan Dunn is an example.
Many bloggers and marketers use this strategy to make it easier for their buyers to digest all the information on offer.
3.1.4 A Membership Site
Instead of just offering an eBook or a course, you could create a membership site and offer all your exclusive premium content for a monthly fee.
Membership sites not only have greater perceived value among buyers, but they also give you the flexibility to keep adding new content to it whenever you have time.
The Platform University by Michael Hyatt is a good example
You could also add a premium members area to your existing blog instead of creating a completely new site for it.
NicheHacks has an exclusive members area where new niche research reports and other useful content is regularly added.
These are just some of the product ideas that you can sell on your blog. You can find several other ideas in this post.
The Pros and Cons of Selling Your Own Product
|Creating your product is a one-time effort that keeps paying you back for years||Requires an initial investment of time and money|
|Creating a product is much easier now thanks to the different tools and platforms available online||It requires extensive market research to come up with a unique angle since there a lot of products on the same topics now|
|The earning potential is limitless||You need to build an email list and an engaged audience pool before you can sell them a product|
|You can introduce different pricing models to cater to different sets of buyers||You need to keep adding new modules from time to time to stay relevant|
|You get to keep all the income from your product sales, unlike affiliate marketing||The marketing expenses eat up a significant portion of your earnings|
3.2 Monetize Your Blog With Ad Networks
Perhaps the most popular way to make money online is to sell advertising space on your blog.
The concept is simple.
If your blog attracts a decent amount of traffic, you can either sell ad space on your site to relevant brands or place link/banner ads in your content body using an ad network.
The earning potential of this method is huge but it mainly depends on the number of visitors you can attract to your site on a regular basis.
How you get paid also depends on the nature of your ad since there are 3 different types of advertising models you can use.
3.2.1 Cost Per Click (CPC)
As the name suggests, when you place CPC ads on your site, you earn money when someone clicks on the ad.
You can learn more about CPC Ads in this case study by Glen
3.2.2 Cost Per Action/Acquisition (CPA)
In CPA, you’re paid when a reader on your blog not only clicks on your ad but also performs a certain action, for example, fill a form or answer a survey etc.
This awesome guide by Brian Dean tells you everything you need to know about CPA marketing
3.2.3 Cost Per Mille (CPM)
Cost Per Mille which is also known as Cost Per Thousand makes you money based on the number of impressions or views your ad gets. The rate is usually set based on 1000 impressions.
Source: CPM vs CPC [Infographic]
Here’s a meaty CPM case study to help you understand this model.
List of CPA, CPC and CPM Ad Networks
There are literally hundreds of such networks on the web. But not all of them are reliable. If you’re just starting out, it better to stick to well-known and mainstream networks.
Here’s a list of some of them
The Pros and Cons of Selling Ads on Your Site
|A completely passive income source||To make this model work, you need to generate a LOT of traffic from search engines|
|An easy way to monetize your traffic||You have limited control over the ads|
|A huge variety of networks where you can choose the right ads to promote||Scams are common|
|You don’t need an email list to make money||Ads have a negative impact on user-experience|
3.3 Sponsored Posts
When your blog starts generating traffic and the size of your audience increases, it becomes attractive for different brands and marketers who’re looking to promote their content.
As a result, you start getting emails like this
Many leading blogs have a clearly marked section for sponsored posts
It’s up to you to decide whether you want to disclose sponsored content to your readers or not. Some bloggers do, some don’t.
For the sake of your brand image, though, be careful and selective in accepting sponsored posts.
The Pros and Cons of Accepting Sponsored Posts
|Easy money that requires no money from your side, especially if the content is also provided by the brand||It’s hard to create a balanced sponsored content that doesn’t appear too salesy|
|You get high-quality content and get paid for it||If the product doesn’t perform well for your audience, it hurts your credibility|
|One sponsored post opens up doors for more||Sponsored posts often have low quality, copied or spun content|
3.4 Paid Links
Just like sponsored content, paid links are also a pretty big source of revenue for many bloggers.
You’ll start getting offers to include backlinks in your content, in return for money, as soon as the domain authority (DA) of your blog crosses 25-30.
Marketers are ready to pay big bucks for high DA backlinks and I’ve seen bloggers charge in excess of $500-1000 for a single link.
A word of caution though.
Buying and selling links is clearly against Google’s guidelines and can get you penalized or even completely wiped off from search results if Google finds out.
So even if you do opt for this revenue channel, limit yourself to reliable and well-known brands that are not involved in link spamming.
It’s still risky though.
The Pros and Cons of Paid Links
|Easy money without much work||Direct violation of Google’s guidelines which can get you penalized|
4. Sell Online Courses on Third-Party Platforms
Selling online courses directly from your blog is a great way to create a passive income stream.
But even if you don’t have a blog or an email list, you can still sell courses on third party platforms.
There are dozens of websites where you can create and upload video courses on all sorts of topics ranging from Business, Marketing and SEO to Music, Arts and Science.
These platforms attract millions of visitors every month. If your course is good enough and makes it to the top of your category, there’s potential to bank big bucks.
For example, I recently came across this astonishing case study of Abdul Wali, a broke street seller from Pakistan, who never went to school but turned his life upside down by making more than $100,000 in 1 year just selling courses on online learning platforms like Udemy.
His story was so inspirational that Udemy flew him all the way to San Francisco to attend their annual conference.
The downside of selling courses on a marketplace is that you don’t get to keep all the money since you need to pay the platform fee as well as its share in every sale you make.
You can sell courses on Udemy, Skillshare, Eliademy, YouTube, and several other platforms.
The Pros and Cons of Selling Online Courses
|No entry barrier, anyone can create a course||Lots of competition in all categories|
|Your content is exposed to millions of potential buyers||You need to pay a major chunk of your earnings to the course platform|
|You get modern and state of the art course creation tools||You can’t route the buyers to your email list directly|
|Your content is fully optimized for search engines||Limited potential for your personal branding|
|No payment disputes or delays|
5. Become a Self-Published Author
If you’re a talented writer or consider writing as one of your passions, you don’t need to wait for an agent or a publisher to write your first book.
You can join hundreds of thousands of authors who’re making a full-time living by self-publishing books on Amazon.
You simply need to sign up, upload your book online and start selling.
Amazon also offers on-demand book publishing through its company CreateSpace. The service gives your readers the option to order hard copies of your book from Amazon.
Here’s a mammoth guide that’ll teach you everything required to become a self-published author on Amazon
The Pros and Cons of Publishing on Amazon
|One-time effort, long term passive income||Amazon books sell for low prices|
|Your work is exposed to millions of Amazon users||It’s hard to stand out since there’s a lot of competition|
|Easy to publish a book and become a published author||You don’t get to keep all the money, Amazon also charges a fee on every sale|
|Publishing a book opens up doors for more book ideas, partnerships, speaking opportunities and||You need to spend money on marketing to generate sales|
6. Monetize Your Social Media Audience
There’s more to social media than cat videos and the Kardashians.
If you have a large and engaged following, brands would be happy to pay you to promote their products and content.
Sponsored social media posts pay so well that many marketers have made it a full-time career.
The amount of money you can earn grows with the growth of your audience. Here’s a quick cheat sheet to give you an idea of the earning potential
When your network grows, brands usually reach out and make an offer themselves. But if they don’t, you can sign up on different networks that connect social media influencers with relevant brands.
The Pros and Cons of Monetizing Your Social Media Audience
|Everyone uses social media, why not earn money while doing so||Social media is overcrowded and you need to spend significant time and money to grow and audience|
|Huge earning potential once you have a large following||Social media is a double-edged sword. One wrong post and your popularity can come crashing down|
7. Start an eCommerce Store To Sell Physical Products
If you’re already run a small brick and mortar business, and don’t have the resources to physically expand your business, eCommerce is just the right solution for you.
You can avoid all the unnecessary costs and establish a full-fledge business by setting up an eCommerce store and grow your business with time.
List as many products as you want and serve thousands of customers at the same time. There are just no limits.
There are a couple of ways you can start selling right away.
7.1 Sell on B2B/B2C Marketplace Platforms
List your products on different eCommerce platforms that attract millions of visitors every day. There are literally thousands of such platforms in every niche. You just need to search them on Google.
An easy way to start, though, is by listing your products on Amazon and eBay. If you’re selling in bulk, you can also find buyers on AliBaba.
Here are a few case studies to help you get started.
From Zero to $250K on eBay in Just 3 Months
How To Make Amazon Selling Work for Your Business
7.2 Sell on Your Own Store
The other strategy is to create your own eCommerce store and sell directly to your buyers.
You can set up an eCommerce store using a premium WordPress Theme with WooCommerce integration, or you could use a ready to use eCommerce solution like Shopify or SquareSpace.
Here’s a detailed guide that tells you everything about product selection, shipment and platforms setup.
How to Start an eCommerce Business Using Shopify
The Pros and Cons of Starting an eCommerce Store
|It’s very easy to setup a fully functional ecommerce store||This is not a completely online business model.|
|It’s a highly scalable business model that has turned small time vendors into millionaires||You need to invest in product development/procurement, warehousing, and supply chain|
|The trend of buying online is increasing exponentially||Managing shipments, customer care, and product returns is hectic work|
|There’s still a huge business opportunity for this model in niche markets||You need to invest a LOT of money in marketing your products online|
8. Start a Dropshipping Business With Shopify and AliExpress
You’re completely broke and don’t have the resources to invest in an eCommerce business.
Can you still sell online?
Dropshipping is an ideal business model for anyone who’s low on budget or just wants to test new products without investing too much time and money.
The business model is simple.
Instead of manufacturing the products yourself, handling storage, warehousing, shipping etc. you simply promote other people’s products as your own at a higher rate.
When you get orders, you route them to the original product owner and get it shipped directly to the buyer. You make money by selling the product at a higher rate than the original supplier.
Source: Oberlo Blog
You can use Ali Express to find cheap products to sell at a higher rate on your Shopify store.
I prefer Shopify since it helps you automate the whole dropshipping process with plugins and apps like Oberlo.
When you automate the whole system, your only job is to market your products using Facebook Ads and Google Adwords.
This step by step dropshipping guide by Shopify will teach you everything you need to know
The Pros and Cons of Dropshipping With Shopify
|No set up cost in terms of product inventory or supply chain||You have zero control over product quality, supply chain and after sales|
|An online store can be set up with Shopify in a very little cost||You need a significant marketing budget to promote products and make sales|
|You can start making money immediately|
|The whole process can be automated and turned into passive income|
9. Launch Your Own Private Label Products With Amazon FBA
Fulfilment By Amazon (FBA) is a service by Amazon that takes care of the shipping, after sales, and customer service of your products in your target country.
You only need to manufacture your products (or purchase from a whole seller) and ship them to Amazon.
They’ll take care of the rest.
The advantage with Amazon FBA is that you can source products or get them manufactured from China, India or any other country, add your brand name, and ship the products directly to Amazon’s warehouses.
The rest is their responsibility.
You just need to focus on listing your products on Amazon and marketing them to attract buyers.
Because of Amazon FBA, small time sellers have transformed into global brands with thousands of satisfied customers and millions of dollars in revenue.
Spencer Haws, the creator of LongTail Pro, started his Amazon FBA business a few years ago and it has now turned into one of his main income sources.
He has dedicated a complete section on his blog for FBA related articles.
You can find all of it here.
The Pros and Cons of Amazon FBA
|Amazon is the world’s largest ecommerce store||Requires a significant initial investment in product development|
|FBA allows you to utilize Amazon’s supply chain, inventory and after sales services. This helps reduce your costs significantly||Finding a reliable supplier is easier said than done|
|Once you have a trusted supplier and a winning product, the whole process can be automated.||You need to invest in product marketing|
10. Earn Huge Money by Flipping Websites
If you’re good at building high traffic websites from scratch, you can find lots of buyers willing to pay huge sums of money to acquire your site.
Website flipping is a big business in the online marketing world. The value of a site is determined by its monthly traffic volume, the quality of its content and its existing revenue.
Yaro is a great example who made six-figures with website flipping
If you’re not willing to start a website from scratch, you can buy a website from someone else, work on it for a few months and sell it for a profit.
Here are a few platforms where you can flip websites.
The Pros and Cons of Flipping Websites
|Huge earning potential||Flipping platforms keep a major portion of the sales price|
|Once you understand how the process works, you can buy ready to use websites, polishthem with better content and earn a lot of money for very little effort||Growing a website from scratch is hard work and requires a lot of work.|
Which Online Earning Method is Right for You?
That’s a tough question.
But if you ask me, the answer to this depends on your current objectives, financial status, and knowledge.
So let me break this down into three scenarios
1) You’re Broke, and Looking for Quick Money
If you’re looking to make money quickly, but don’t have any money to invest, freelancing is the best place to start.
As I said at the start, it’s the lowest hanging fruit when it comes to making money online.
But since it’s never wise to keep all your eggs in one basket, I’d recommend you to start selling online courses on Udemy and eBooks on Amazon as well. Both require very little money but have the potential to pay back big time.
If you have patience, you can also jump into niche marketing, since it has the potential to drastically change your financial condition.
It’s not quick money though.
The money you earn through freelancing can be invested in creating affiliate sites and other passive income methods.
2) You’re Financially OK, But Looking for More Ways To Earn
Start a blog and give yourself 6 months to build an email list and develop a pool of loyal followers.
Once you have a sizeable audience, you can monetize it through affiliate marketing, advertisements or by directly selling your own products.
You can also look to start a niche site, as a side project, to promote affiliate offers. To make it more manageable, consider hiring quality freelance writers to create a steady flow of high-quality content for your blog and niche sites.
On the eCommerce side, you can start a small dropshipping business using Shopify and AliExpress, since it does not require any investment and has the potential to pay back quickly. You’d only need to spend money on Facebook and Google Ads.
3) You’re Financially Stable and Looking to Diversify Income
eCommerce is an industry worth trillions of dollars.
And it’s just the beginning.
If you have money, create your own online store and market your own products.
Or, take advantage from Amazon FBA and consider launching your own private label products.
On the digital side of things, you can hire a team of content writers, SEO’s and social media marketers, and focus on developing your own affiliate marketing empire.
Are You Ready To Make Money Online?
No matter where you are in the world, if you have a computer and an internet connection there are ways you can make money online.
I could’ve added dozens of other earning methods to this list as well because they’re just so many of them.
But I wanted to focus on the methods that I consider long-term business models that’ll keep filling your pockets for years to come.
Just pick one of them and start taking action.
There’s really no excuse not to.
Tell me in the comments if you need more help.
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