7 Paths to Making Money Online
The internet offers many opportunities to generate enough passive income for you to quit the rat race. Or to suplement and in most cases replace your retirement.About the only thing that is required in most cases is some self discipline and time.
Doesn’t matter if you are looking to make some fast cash, or you’re after the long-term, more sustainable passive type income, there are certainly ways you can make money online today. Just do a fast Google search and you will discover that the truth about making money online isn’t as difficult as most make it out to seem. You do have to do your research and you do have to watch out for less than legitmate programs.
However, if you’re looking for realistic legitamate ways you can start earning money online now, then let me break it down into seven paths you can take towards profit. A few can provide you with immediate results,which will help you to address your basic monthly necessities such as rent, utilities and groceries. A few other paths have the potential to transform your life by revolutionizing your finances in the long term: Passive Income.
No matter what method you select for generating your online income, there’s one very important thing to understand. Money can be earned and spent, saved , invested and wasted. Not time. So keep in mind that time is far more valuable than money. You can’t recreate time. Once it’s spent, it’s gone forever. I bring this up first because when you lack time or have poor time management skills,making extra money online can be a daunting if not impossible task.
So no matter what path you end up taking to generate an extra income,or replacement income on the web, you need to adjust your mindset to help empower rather than discourage you.You have to realize from the get go that it will take time. The harsh truth is, making money online can be fraught with avoidable pitfalls. You can cancel the noise by keeping a few fundamental guiding principles in mind.
If you’re at all serious about generating a full-time income and possibly more from your online activities, then you need to focus on passive income as opposed to active income. Sure, the active income is usually a faster way and will help you survive.Active income for most people is a 9 to 5 job,or a 40 to 50 hour work week. But ,that’s the scarcity mentality at play. It is also the main reason that people stay in jobs they hate or despise.But it’s the passive income ideas that will help you thrive and grow,both mentally and financially.Affiliate marketing is one such that creates passive sustainable income,will talk more on that in a minute.
Considering that we all only have a finite amount of time, passive income should make up a large part of your goal. If you’re serious about generating any semblance of income online, then passive income should be one of your sole goals and ambitions. Why? Wouldn’t you prefer to do the work one time and get paid repeatedly as opposed to relying on your time to generate that income? Invest the time in the front-end so that you can reap the benefits long term. If this means putting in a bit of sweat equity and not getting paid today,learn to be ok with that.Realize and believe that you’ll get paid somewhere down the road. And you’ll continue getting paid whether you keep building that passive income stream or you stop.
Anyone interested in making money online should be pursuing passive income, while also working on active income. There are loads of ways to generate an income passively on the internet, many of which start at the foundation of having a blog, generating substantial traffic and building an audience and a list. It’s not easy, but it’s worth it.
That doesn’t mean you need to start a blog to make money online today. You could opt for a non-blog-starting route, but if you’re looking for longevity in your income-producing abilities on the internet, then a blog or a website should be your primary aim.
Alright let’s get into the 7 main paths to making money online:
1. Leveraging the app generation
If you’re looking to address some immediate financial needs and put money in your pocket fast, then the app generation is likely right for you. Have you heard the saying “There is an app for that” This generation is all about convenience and apps make it possible to have that convinience at our fingertips. Here are some popular apps that you can take financial advantage of.
Uber or Lyft: If you’re in a location where you can find Uber or Lyft than you make some money. The hours are flexible and you can work as you see fit, making it perfect, even if you currently have a full-time job but are looking to make some money on the side. I have done Uber in the past for extra cash and it does work. I was able to pocket an extra $400 in one weekend,just driving folks around for a about 5 hours total. Keep in mind the wear and tear on your car plus your time.
Postmates: You don’t even need a car in some locations to make money with this app. In some major city areas like Manhattan, or Boston all you need is a bike. Simple deliveries uses the same type concept as Uber.
iBotta: Earn cash back rewards by purchasing featured products at major retailers. All you have to do is add rebates, go shopping, then snap a photo of your receipt to earn your cash back. Simple and effective. Will not make you much money but if used regulary can save you a ton.
Task Rabbit: Another simple and straightforward app for making a bit of side-hustle income is the Task Rabbit app. Tasks can be anything from simple repairs to more exhaustive undertakings. The app carefully matches each service provider to ensure the highest quality, and it’s a great way to make some extra income on the side on your own terms.Create if you are already handy with fixing stuff.
Ebates: This app offers a simple way to make money online by buying whatever you’re already buying and then getting a cash-back reward. With eBates, there’s no scanning receipts. Simply click a link in the app and buy from the store. You’ll automatically be credited your cash rewards upon purchase along with receiving an email confirmation. No money in pocket but again like iBotta can save you a lot.
Swagbucks: With Swagbucks, there are a number of ways you can make money. You can shop online, watch videos, answer surveys and surf the web. The app gives you both cash back and gift cards as a reward for your efforts. I love this program I have actually been a member for years. Even before they had an app.
This list only highlights 6 of the most popular but there are a ton more apps that you can utilize as a side hustle.
2. Use existing websites
You could also opt to use existing websites for making money. These include both active income and passive income methods. For example, you could sell some used items or invest in creating some digital designs that then can be sold on merchandise. Again, you will have to take into account your time.
Of course, a large portion of these sites do have their own respective apps. But these are certainly less involved in the gig economy, and more so in the longer term projects that exist in the fields of photography, online marketing, graphic design and web development, for example.
Craigslist: This site has been the go-to resource for over a decade now for people that are looking to make a bit of extra money online. You can easily sell your used stuff, rent out a spare room in your home or apartment, and offer up your services to the world.
OfferUp: Is a site for selling and buying. Great for some extra income while cleaning out the house. Kind of like the modern day yardsale without the added work.
Upwork: This website offers a great marketplace for selling just about any professional service. You don’t need a merchant account, website of your own or anything else for that matter. All you need to do is be able to provide a high-quality service at a reasonable price. But be informed, you will have to compete with many others that are constantly bidding on open jobs. Great for freelancers.
Cafe Press: This website allows you to create digital designs that can then be sold on their platform. You’ll earn a commission for everything that sells and you’ll never have to deal with things like printing, warehousing and customer service. If you have some graphic design skills, then this is a great potential source for a web-based income. I have used this one in the past with much success.Shop or Create What’s On Your Mind at CafePress.com
Fiverr: Israeli-based Fivver was started in 2010 so they have been around for awhile now. You can offer your services in what fivver calles gigs for as low as $5 but also get paid much more for upgrades and add-ons. This is great way to make supplemental income for freelancers.Fiverr – Top Talent Around The World. Don’t Just Dream, Do. Freelance Services For The Lean Entrepreneur.If you are good at copy writing or seo,proof reading etc than put your skills to work for you.I have done both offered services for a price and also have used the service to outsource work with good results.
Mechanical Turk: Amazon’s Mechanical Turk is a resource for doing human-intelligence tasks, or as the site commonly refers to them, HITs. You get paid a very small fee for any given HIT and you’ll need a good deal of volume to make a substantial amount of money. But it is a resource you can use in your spare time to generate a small income online.
Flippa: If you have a knack for buying and selling, you could use Flippa to buy and sell websites for a profit. You’ll need to know what you’re doing here, but you could easily make a sizable income by flipping income-generating websites for profit.
Etsy: Etsy’s popularity has declined recently, but it’s still a great resource for selling handmade items online. No need for ecommerce sites or merchant accounts or any sort of automation. The company takes a commission of every sale and charges a small listing fee per item. But you can still use Etsy as a primary source of income. The best part is that you can also sell digital products on here such as poster designs.
Zazzle: Another great resource for selling online is to use Robert Beaver’s Zazzle. The site is somewhat similar to Etsy and virtually anyone can make money online selling a variety of items here. From art to handmade items and customizable products, you can pretty much sell anything here.
3. Sell your own stuff
If you’re ready or thinking of entering the ecommerce trend, you could sell your own stuff. Of course, you could do this with your own ecommerce website but you will have to keep in mind that it will come with a whole slew of both responsibilities and technical configuration and requirements. For starters, you’ll need a website and a hosting account. You’ll also need a merchant account like ones offered by Stripe or PayPal. Then you’ll need to design that site, build a sales funnel, create a lead magnet and do some email marketing.
You’ll also need ecommerce software, fulfillment software, worry about warehousing, customer service and refunds. But that’s not all. You’ll also need traffic. Think search engine optimization, Facebook ads, and other social media campaigns. It is hard work, especially on your own. You could opt for Amazon’s platform, which might be the easier route. But, then again, at the end of the day, this is a serious business, which could produce significant profits. So you’re either all in or you’re not.
Shopify: Want to build your own storefront? You could opt to create a Shopify store. You could also install WooCommerce as a plugin and run your ecommerce store from your blog. You’ll need an SSL certificate and a way to process payments, but you might find this easier to get up and running fast to start selling immediately.
WooCommerce itself is a great choice without the Shopify price tag.You can set one up over at Wealthy Affiliate and it will come with a SSL certificate and all tools that you will need. The cost to get set up and running complete with web hosting is $49 per month or for more of a discount you could do a 6 month at $234.00 you would save $60 or a yearly membership at $359 a savings of $229. They offer training in not only affiliate marketing but also ecommerce. You can take a look around for free no credit card needed.
Fulfilled-by-Amazon (FBA): You could start selling on the largest online store in the world and not spend the time to build out your own infrastructure or worry about traffic. You will need to pay a commission, but most of the other processes will be automated for you.
Drop-shipping: Amazon offers one form of drop-shipping, but there are other resources for drop-shipping products that you’ll never actually have to see or handle yourself. You’ll simply need to close the sale. Lots of providers like SaleHoo, Worldwide Brands, Alibaba and many others, offer you a resource for drop-shipping your products.
High-ticket consulting or coaching: You could sell your own high-ticket consulting or coaching products from your website. If you have a passion or you have skills and training,personal development coaching is one such area.You’ll still need a website, merchant account, sales funnel, lead magnet and many other items. But you can easily earn a substantial amount of money from each individual customer, making it well worth the setup required.
4. Affiliate Marketing:
There are loads of resources for making money online as an affiliate. You could source products from ClickBank, Commission Junction, Rakuten Marketing, Share-a-Sale, and many others.Learn more about what affiliate networks are and the best ones to partner with in my latest article Best 2019 Affiliate Marketing Networks Plus, many of the larger companies have their own affiliate programs as well. Do your due diligence and find the right company with a relevant product or service to your audience that you can sell as an affiliate.
You will need an active website with substantial traffic to get approved for most affiliate programs. Affiliate marketing business model is one of the best ways and most profitable for long term sustainable passive income.If you are new to affiliate marketing one of the best learning platforms is Wealthy Affiliate. Not only that it is an all in one platform meaning they have all the tools: hosting,email setup,SSL, site speed,24/7 support, one of the most comprehensive affiliate marketing training courses online today. Low cost,no upsells. Free to start..Special $19 for the first month if you decide to upgrade. Worth the time to take a look at the program and platform. You can read more on what they offer in my article Wealthy Affiliate- Invest In Your Future
5. Start a Website:
If you’re serious about making money online, start a website. Websites are one of the easiest and most sustainable income sources. As long as the website is setup the right way, in the right niche, with the right content targeted at the right audience, and the offer is complementary to the content, you could make a tremendous amount of passive income from your own website.
While some might think that starting a website is an arduous effort, when you understand the precise steps you need to take, it becomes far easier. It all starts in the decision of choosing a profitable niche and picking the right domain name. From there, you can build your offers. You can easily sell things like mini-email courses, trainings and ebooks. What ever you want really, it is your website. This also is one of the best ways to go all in with affiliate marketing. Learn step by step how it is done.
6. Email marketing
If you’re interested in online marketing, setup email software and create a lead magnet that you can use in your sales funnel. Then, build up that list. It’s often said that you can expect to earn about $1 per subscriber per month. If you have a list of 10,000 subscribers, that means you can earn roughly around $10,000 per month. You will need to deliver value and not pitch them on every email, but it is a very achievable goal in a short period.In other words do not be like a used car sales man and just try to sell. Add value and your email subscribers will give you value in return.The say that “The money is in the list” for a reason – it works!
There are many ways to get people onto your list. Lead magnets are one such resource. For example, you can build ebooks, checklists and cheat sheets. But you can also do upgrades, such as PDF versions of an article with added resources in them, four-part video training series, and more. Think about your audience and what you can offer them to better serve them, then treat them with some respect and you’ll eventually reap the rewards.
7. Webinars trainings
Webinars are quite possibly one of the most potent ways you can make an insane amount of money online. You’ll need an audience to train and you’ll need to know what you’re talking about. Of course, this usually requires having a website and some semblance of an online presence or a brand that people recoginize. However, people can still do webinars without all of that. For example, you might have a sizable social media following and you train them every week on something to do with social media. But you will need a product to embed and sell at some point. Don’t worry about it in the beginning. In my experience, the best webinar platform out there is GoToWebinar.
No matter what method you choose to make money online, understand that you might be able to make some money fast, but for the sizable returns, you’ll need significant sweat equity. That sweat equity is usually in time.However, a year from now, you’ll be happy you started today. Remember, time is far more valuable than money. If you focus on creating passive income streams now that will free up your time so that you can quit the rat race and focus on the things that matter. The money you make from any of these 7 paths can be sustainable and long term. But the Time Freedom you gain is a immeasurable.
We live in an age where the possibilities and potential for limitless freedom are for the taking. We just have to know and learn where to find them. Once you find them take action!!! Do not wait till tomorrow. Take action today so you can enjoy your time freedom tomorrow!
Drop me a comment or two would love to hear your thoughts or if you have any programs you would like me to review let me know.