I have been recently talking to some people on how they are making money and it has led me to write a blog on how you can make money.
How many articles are there about making money? Thousands? Millions? But there’s a problem. Too many of them are just sales pitches to convince you to sign up for some seminar, webinar, training session or some other way to become an online millionaire.
There are legitimate ways to make money. The problem is that the real ways to make money aren’t “get rich quick” schemes.
Most of them require a lot of work and dedication before seeing a return on your time. However, if you really want to make money, working from home or turn an idea into a business, you can do it.
Here are a few ways you can legitimately make money online.
Websites That Pay
There are all kinds of websites that will pay you for various things, such as shopping, taking surveys or testing products. These websites won’t make you a millionaire, but they are great for earning some extra cash.
Freelance writing is one of the most popular ways to earn money online. Many successful freelancers can earn an average of £1 per word. Some are earning twice that!
Of course, it doesn’t start out like that. You’ve got to build your portfolio. It takes dedication and time, though it can be highly profitable if it’s what you love.
Before you decide to start reaching out to all of these freelance writing companies, you need to have a web presence and a blog.
Blogging is something that requires patience, persistence and discipline. It may mean writing every day for over a year before you really start to see any money from it. There are exceptions to the rule, however, I understand from a few bloggers I know, that it can take one or even two years building a blog, a brand, and your authority, before making any serious amount of money.
Some people argue that you can make money without a lot of traffic and while that is true in some circumstances, you will generally need a lot of website traffic to start earning from a blog and that takes time.
Once you’ve reached that point however you may wish to consider the following as the primary ways to monetise your blog and start earning:
Advertising – This is definitely the most old-school way of earning money with a blog. It’s also starting to become the least common way. You can sell advertising spots directly on your site however it’s unlikely you will see a whole lot of money from ads until your views are well into the thousands each day.
Affiliates – There are many affiliate networks, which allow you to promote other people’s products and services. You simply put a link or a banner on your page and then you get a percentage if someone clicks through and buys the product/service. You’ll want to select products that are specifically within your blog’s category. This is an effective way to earn money once you have the traffic coming to your blog.
While the concept of selling a product that is not yours might seem strange at first it is actually quite common. Many companies will allow this because it allows them to reach an audience that they otherwise would not. It is like hiring a bunch of sales representatives on commission.
Membership – Many people have created a paid membership area on their blog. This is typically for exclusive content that you can only access in the “member’s area.” Ideally, you should create something that can’t easily be accessed through the web.
Products – You can create your own product, such as an ebook or computer software. You would then use your blog as a promotion tool to get people to buy your product. As long as you create a legitimate product with a whole lot of value, you should be able to get some buyers, but like everything else with a blog, you’ll need the traffic to get the sales.
Services – You could offer a paid service, such as life coaching, blog coaching, goal setting or financial planning. Just be sure to investigate all the legal implications and make sure you’re not claiming to be a professional if you’re not one. With a service like this, you’re basically using your blog to sell yourself. You’ll need to convince people that you’re worth buying and then be able to back up your claims once they purchase your service.
Sponsored/paid posts – Many blogs publish sponsored and paid posts. Sponsored posts are basically just posts about a specific brand, product or service. A company will pay you to publish an article about it. It’s similar with other paid posts as well. You’re basically selling the spot for the article on your site. If you decide to take this route, you’ll want to build your traffic before you will get many offers.
Subscription – If you think of something valuable (newsletter, online magazine, etc.) that you can consistently offer on a certain basis (weekly, monthly, etc.), you may want to offer a subscription service. This could be a fee charged each time your product is sent out or on a monthly basis. Either way, this has to be something that your customers can only get by subscribing to your website.
Videos – This could be an entire section on its own. Many people have made money by creating YouTube videos. Evan of EvanTube is a young boy who has made millions by creating reviews of products that other kids his age would use. It’s not easy to get views into the millions, but once you do, you’ll start seeing some cash come in. Many bloggers have completely turned to videos to get their point across by starting a video blog.
You can also make money selling an online course. This requires a lot of upfront work but the ongoing work can be significantly less by comparison. There are many platforms that are built for you to specifically offer courses. Or you can simply create your own on your website through a series of emails.
Make Money Selling Your Own Products
It should come as no surprise that if you own a product, you can sell it. What might be a surprise is just how many things you can sell.
For example, you can sell your goods on Amazon, Ebay and Alibaba.
Network Marketing / Multi-Level Marketing
Network marketing is another viable option of making money online and is becoming increasingly popular due to the fact it can be done alongside what you are doing, without the risk of having to give up the day job. For those who don’t know what network marketing is, it’s simply a way of promoting and recommending products or services through word of mouth referrals. No different to recommending a good restaurant or book and being paid for that recommendation.
I trust this have given you a few different options to consider and if you are seriously looking at different ways of making money, please get in contact and I will share what has worked best for me.