How To Earn Money On The Internet
Earning money online is now more accessible than ever. This doesn’t mean that it is easy, but anything worth doing in life isn’t easy in my experience. It is more accessible because there are so many different options for you, and the chances are you already have a computer connected to the internet to get you started. So, in this post I am going to tell you how to earn money on the internet.
What Do You Want To Get Out Of It?
Depending on your situation, you have options. The first option, is that you can earn small amounts of money, from doing things like filling in online survey or data entry. In many cases, this requires no skill and is easy to do. However, you are not going to earn much money, no matter how much time and effort you put in to it.
Your other option, is to start an online business. This is something you can do alongside your current employment. Personally, I would recommend going down this route. This is because, for the amount of time it takes, to make significant amounts of money, you may as well start a sustainable business. And this is what I did.
Some Sustainable Businesses
I am now going to go through how to earn money on the internet by giving you some proven methods on how to do it. These are business models that you can do either full time or part time. I use a few of these myself to generate income full time from home.
This is where I spend the majority of my working time. Affiliate marketing is the process of promoting other people’s products and services, in exchange for sales commissions. You do this by building a niche website and creating content, such as:
- Buyer’s guides
- Blog posts
- Personal experiences
- Tutorials etc
This is explained in full, in my post How can I make money from affiliate marketing?. But, in summary the process works like this:
- The customer searches the internet for the answer to a question. They may be looking for information on a product to help them make a purchasing decision. Alternatively, they may have a problem that they need to solve.
- Your website shows up in their Google search results, as you have created some content that is relevant to their search. The customer then click on the link.
- After reading what you have said, the customer decides to take your recommendation of buying a particular product. This may be from a review, or you can suggest a product that will solve their problem.
- The customer clicks your affiliate link, which takes them to the seller’s website, where they buy the product.The affiliate link tracks the sale and pays you a percentage of the sales price.
There are lots of benefits to affiliate marketing, but the main ones for me is the flexibility and the earning potential. You can do it at any time and from anywhere. Also, when it comes to earning money, the sky is the limit.
There are a a lot of opportunities for freelancers online. If you have a particular skill, or are happy to learn a new skill you can earn a decent living from it. Recommend that you check out Fiverr. This is a platform where you set up a profile and advertise what your services are. People that need the service you are offering, will pay you the rate you set. The great thing about Fiverr, is that it takes out all the hunting around for clients. Examples of freelance work you can do are:
- Social media management
- Graphic design
- Voice over work
- Video and animation
- Virtual assistant
- Market research
- Product research
- Fitness lessons
There has been lots success stories with freelancing, but it takes a lot of work. A huge part of your success as a freelancer, is how you market yourself and how good your customer service is.
Drop shipping is another business model that allows you to make money from selling products online. The great thing about drop shipping, is that you don’t have to buy stock, store products or even ship them. You can lear all about it in my post start a drop shipping online business, but the process works like this:
- You have an online store selling products that you promote using social media adverts
- The customer sees you advert and places an order through your store
- You then place the order with your supplier and pay for it
- The supplier sends the product directly to the customer
The way you make money, is to put a markup on the supplier’s price. But this needs to cover the shipping and the cost of the advert. It is vert common for drop shippers to make 300% profit on the product.
This all sounds pretty easy and a great way to make money. And it is, but there is a lot of trial and error to go through. This is because your social media adverts need to be targeted to the right audience. You will need to spend money on adverts that don’t work in the early days to gather the data you need on the right audience.
I know somebody that that spend $1,000 on adverts and managed to sell a torch. However, his friend stuck with it and managed to earn $1m in 9 months.
Sell Digital Products
A great way to earn money on the internet is to sell digital products.
Most digital products take time to create and you will need skills to be able to do this. But if you are willing to put the effort in, it can be well worth your while. This is because you only have to make them once, but you can sell them multiple times. Here are some examples:
- Courses (e.g. fitness, music, singing, languages, art, cooking etc)
- Audio books
You will need to set up your own website to sell digital products. But this isn’t as difficult as you may think. You just need a to choose a domain name, choose a host (such as Bluehost) and install WordPress.
There are many ways you can earn money blogging. You can write blogs for other people and get paid for it, or set up your own blog and monetise it.
Blogs are a good way for businesses to attract traffic to their websites. This traffic will consist of existing and potential new customers. However, blogs can take a long time to write, therefore, business owners struggle to find the time to write them. This is when they employ blog writers to do it for them. How much you earn depends on your experience and how many words the blog consists of.
There are people all over the world that earn money from creating their own blogs. Some, use their blog like a personal diary and monetise it, while others will create a blog specifically for promoting products and services. Here are some ways people monetise their blogs:
- Affiliate marketing
- Selling digital products
- Exclusive content in a paid member’s area
- Sell advertising space
I go in to more details in my post How to make money blogging on WordPress. But you need to write blogs that people are going to find. You can do this via a strong social media presence, but it is best to base your content around the keywords that people are searching for online. Check out my guide How to do keyword research, for all of the techniques.
That Is How To Earn Money On The Internet
So now you have some insight in how to earn money on the internet. Do any of these methods appeal to you? If you have any questions or thoughts about them, please leave them in the comments section below.