In this quick guide, I will show ways you can make money online and help you determine which is the best option for you.
1.FREELANCE JOBS
There are thousands of online businesses today that want to hire skilled and talented individuals.
People that know how to design websites, write, program, code and teach are on-demand with businesses and individuals ready to pay for these services.
All talented and skilled persons in these fields can easily find work online.
Most of the time businesses and individuals offer project-based, part-time, and full-time work. Click here to learn more
Advantages of Freelance Jobs
- 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 job assigned to you AND IN THE STIPULATED TIME, you will get paid.
- Your earnings will largely be determined by the quality of your work, the time you put in, and your hard work.
- Unlike most office jobs (9-5) where salaries and wages are fixed. Here you earn accordingly.
Disadvantages of Freelance Jobs
- You will be working for an online boss. You have to answer to someone. If you're not a fan of working for someone then this might not be for you.
- Another disadvantage is the isolation. Your office boss might be the worst person you ever had, perhaps you could handle it because of your friends or co-workers.
- If you remove the friends' factor and leave the boss in the equation. Sounds a little sad, right?
2. CREATING AUTHORITY OR NICHE SITES
Authority sites
These are websites that have proven their expertise in the worldwide web.
This means that many reputable people on the internet see them as a "go-to" website to find answers to their pain points because of their quality of service or product.
Niche sites
These are websites that contain and talk about only one specific niche, one specific topic throughout the blog.
You may be wondering, where does Earning Money online fit in all of this? It is by monetizing the site and here is how ;
Monetizing your blog using Google AdSense
Many people have made thousands of dollars with Google AdSense.
This is where Google shows ads on your website and when visitors to your website click on the ads, Google pays you a certain amount.
However, it's really hard to get approved by Google.
Your website would need about 16-25 quality articles to get approved.
Furthermore, getting approved isn't a guarantee of making money.
Your site should have online traffic and the visitors should also click the ads by Google.
If AdSense is approved on your site and ads are utilized and placed well, you can earn a significant amount of money.
Affiliate Marketing
Affiliate Marketing is promoting other people's or companies' products and services on your site.
Simply, you are promoting their products or services and you get a commission if a site visitor buys a product by clicking on what is called an affiliate link.
Membership website
This is where You create a website that is full of quality content and quality products that are only exclusive to members.
A person only gets full access to all the content on your website after payment of a membership fee (which is set by you, the owner of the site, and content).
After payment, they are given an access key or password.
This is a good business model because it has recurring monthly fees (members pay their fees monthly to continue accessing the content)
and it generates income long after you have finished creating the website and putting up content.
Advantages of Authority sites and Niche sites
- You can create a recurring passive income for yourself and your family and live a lifestyle you've always wanted.
- The sky is no longer the limit when talking about the potential earnings when you creat Authority sites and Niche sites.
- This is because the potential earnings for these sites will largely be
- dependant on the time, effort, connections, and investments you put in the website(s) you have.
- The more time, effort, and money you put on the websites, depending on what you have at your disposal, whether it's time or money the more successful the website will be.
- And surely, more website success means more traffic which in turn leads to people clicking on your links which brings more money.
Disadvantages of Authority sites and niche sites
- You will need to do a lot of research, promotions, you will have to invest the money and time in creating an Authority site or Niche site.
- The results may not come faster because you will go through a learning curve, you need to learn many things,
- such as online language jargon, traffic generation, leads generation, methods and techniques, copyright, online legal matters, and many more.
3. SELLING YOUR OWN PRODUCT OR SERVICE
It is usually said that "The people that really make the BIG MONEY on the internet are the Creators and the Sellers of the product(s),
Everyone in between is working for them." ☺
Here is an example of a creators product
You will be a preferred choice for a product or service if it is of high quality.
It might be an Ebook, Podcast, YouTube channel, online course, etc.
As long as you are sure and confident that what you are selling is the BEST,
then create a way for people to find your product -- either create a website or put it on sale on a website.
Social sites such as Facebook have groups of people with similar interests,
you can promote the product or service there or create your own group and grow it.
Start off from there and slowly build your business.
Advantages of Selling Your Own Product\Service
- When your product takes off, you'll have what every online marketer wants -- Passive Income.
- You will be accessible online 24/7 and you are open 24/7. The earnings will be determined on how valuable and useful the product is.
- If you consider it the best product then the money will come.
Disadvantages of Selling Your Own Product\Service
- Promoting your own product online is not easy especially if you don't have a website or connections online.
CONCLUSION
There are many ways of making money online, what I have covered here is just a few ways because they require in most instances
very little investment apart from one's skills, time, and a small amount of money as investment for website hosting, and keyword word research tool.
Download my FREE ebook, "Online Money" to learn more about other ways to make money online.
Subscribe to my YouTube Channel to learn about other ways to make money online
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