How Do I Make Money Online From Home?
The great thing about working from home online is that it is possible to develop several income streams. In this post, I am going to answer the question of how do I make money online from home? I will go through some proven methods that I use to generate income with just my laptop and an internet connection.
Why I Chose To Work Online From Home
The ability to choose my working hours and where I work from are the main reasons why I started my online business.
I am passionate about the outdoors and live in the French Alps. My online business allows me to enjoy life as much as possible, as I am passionate about the outdoors. My spare time sees me snowboarding, mountain biking, hiking, and enjoying everything the mountains have to offer. The fact that I can choose my working hours means that I can enjoy the best conditions, as my blog about the 2019-2020 winter season shows.
I have no plans to leave my home in the Alps, but you never know what the future holds. But, as my work is all online, I would be able to carry on with little or no interruption.
This flexibility doesn’t just benefit people that want to go snowboarding, but it benefits anyone that has other commitments that are time-sensitive. People can fit work around their life, rather than the other way round.
When you have a regular job that is your only source of income, you are only one step away from not earning any money at all. We all know the world is an unpredictable place, and anything can happen to your job.
Another advantage of the flexibility of your own online business is that you can put in the effort where it is needed the most. You can create several ways to earn money online, meaning that if one starts to fail, you have other income streams to back you up while you are fixing the failing one or creating a new one to replace it.
Inexpensive To Start
Traditional businesses with a physical presence, such as a shop are expensive to start. Some online businesses are relatively inexpensive to get going. In many cases, you can start a business with a computer connected to the internet and a hosted website. These low startup costs reduce the barriers to entry for more people.
High Earning Potential
If you opened a shop, you would only be selling to people that came into your premises. With an online business, you have a worldwide market, meaning that you can earn money from anywhere and anyone. So when it comes to potential earnings, the sky is the limit.
Potential for Passive Income
Some business models allow you to earn money continuously for month or years to come. A good example of this is affiliate marketing, where the content you create is online permanently. As long as it draws an audience, you have the potential to keep earning money from it (I will go in to this in detail later).
What It Takes
By Hustle, I mean have a good mindset. A bad mindset is the only thing that holds people back from making big changes in their lives. There are always excuses to be made, like “I don’t know enough about it”, I’m too young/old” and “it looks too difficult”. But, if you want it bad enough, you will get over these excuses.
Another part of this mindset is to make sure you are productive enough to make positive steps forward with your business.
All businesses take time to make money. Many fledgling entrepreneurs fail because they give up too soon. There will be many soul-destroying moments when you have put in lots of effort, but are still not seeing results. But, these are the times that you need to keep plugging away. You need to remember that you are working to change your future and not your today.
You need to be consistent with your work. This shows search engines and your target audience that you are active and putting in the required effort. Consistency, will also mean that you are moving forward with your business.
Learning new skills is essential to succeeding with an online business. By using a trusted source of information, you will shorten the path to success, avoid mistakes, and have a clear process to follow. By learning a small thing each day, you will quickly gain a wealth of knowledge that will make you productive and successful.
How To Choose Your First Online Business
To make sure that you choose the right business for you, you need to look at what you want to achieve with it. I recommend writing a list of characteristics of what you want your business to look like. For example, my list looked like this:
- It has to give me the flexibility to choose my working hours
- I have to enjoy it
- It has to be legitimate, as I don’t want to be ripped off or rip anyone off either
- It has to be worth the effort
- There have to be good resources to learn from
By creating a list like this for yourself, you will be able to rule out inappropriate options, while others will stand out and appeal more to you as you research them.
How I Earn Money Online From Home
Affiliate marketing is the first business I chose to start. This is because it ticked all the boxes for what I wanted out of a business.
When I first started affiliate marketing, I worked on my website in my spare time. Every day after work I would be learning and creating content until very late at night. After a while, I started working part-time, so I could spend more time on my business.
Affiliate marketing is the process of promoting other people’s products and services with website content. This content could be:
- Buyer’s guides
- Personal experiences
Your content points your readers in the direction of websites where they can buy recommended products and services. To make money, the links to these websites are known as affiliate links. Affiliate links track sales you have generated and reward you with a commission for your efforts.
Affiliate marketing is one of the best ways to make money online, as it has fantastic earning potential and you will usually choose a niche for your website that you are passionate or interested in. When you chose a niche that you are passionate about, you enjoy your work and will stay interested in it. Also, your passion will come through in the content you produce, building trust with your audience.
I go into more detail in my post how can I make money from affiliate marketing? but to be successful in affiliate marketing, you need to do it in the right way. The main things to get right, are:
- Choosing a profitable niche
- Keyword research
- Content creation
- Search Engine Optimisation
These elements are not too complicated, but if you fail at getting any one of them right, your affiliate marketing business won’t earn you any money at all.
Social Media Management
Businesses can find it very difficult to post quality social media content regularly. They may not have the time or expertise to do a good job of it. Therefore, they will often use a third party to look after their social media efforts for them.
If you have the knack or are willing to learn how to get the best out of social media, you can earn a very good living from managing social media channels.
I look after a few social media channels for local businesses. For me, this just tops up my bank account for a few evenings out. But, if you want to make social media management your primary source of income, you can do very well out of it.
Depending on what your customers want, you can charge up to $1,000 per client per month. So if you manage to get four or five clients, you will be laughing all the way to the bank. You can make life much easier for yourself by using scheduling tools. This way, you can spend a few hours lining up all the posts for the month, without having to revisit them.
You can learn more about this in my post, how to start a social media marketing business.
Freelance Blog Writing
Much in the same way as social media, businesses find it difficult to write quality blogs for their website. Blogs attract, inform and educate a business’s audience. Blogs are an excellent way of improving the search engine optimisation of a website, as posting them regularly shows search engines that they are good sources of information.
If you have a way with words you can write these blogs and get paid for them. When I was in full time employment at a holiday company, I wrote the blogs for the website. I continued to do this when I went solo, which led me on to writing more blogs for other local businesses. I also did some work for an adventure travel company.
A good way to get in to this, is to do some keyword research relevant for some local businesses that you would like to work with. Once you have a list of blogs you could write for them, approach them and explain the benefits of posting regular blogs.
Another way to find blog writing jobs is with Fiverr. This is something that I have recently got in to, but I can see huge potential with it. Fiverr is a website where freelancers advertise their services. Businesses search Fiverr based on their needs and select the freelancers they like the look of.
There is a lot of competition on Fiverr, but you can do certain things to make you stand out from everyone else. Once you have proven yourself by getting good reviews, you move up a level, making you more visible and desirable to your potential customers.
The interesting thing about the freelance blog writing I have done on Fiverr, is the variety of subjects. I have written about cycling brands, electric scooters, kite surfing and even condoms!
This is something that I have only recently got into. Drop shipping is the process of selling products online without ever seeing them.
The drop shipping business model works, by people buying products that you place on your online store. Once a customer has placed their order, you place the order and buy the item from your supplier. The supplier then sends the product directly to your customer.
The way you make money with drop shipping is, that you list the products on your store at a price that is usually 300% more than you buy it from the supplier.
I decided to start a drop shipping business when I saw its earning potential. I was talking to someone that had made $1,000,000 in nine months selling novelty teacups. The challenging part of drop shipping is getting your store and products in front of your intended market. You do this by using targeted social media adverts. To get this right there is an element of trial and error, which costs money. However, you can start with a daily budget of $5 to reduce your risk.
Successful drop shippers are spending thousands of dollars on adverts per week. But, the trick is to make sure that your sales price covers the marketing costs and delivery.
You can learn more about it in my post, how to start a drop shipping business.
That Is How I Make Money Online From Home
As you can see, I use a combination of these business models. I am not saying that this will be the case forever, it is just how it is right now. But the flexibility of online businesses allows me to decide which is worth pursuing and which ones to ditch.
If you have any questions please leave them in the comments section below.