What Is The Best Way To Make Money Online?
We are going to look at one of the most popular questions online today. What is the best way to make money online? Thanks in no part to the covid 19 pandemic that hit us this year with all the stay at home restrictions. More and more of us are looking to do just that, stay at home but we still need to make money. The answer to that question is going to largely depend on who you ask honestly. As there are a number of different ways of making money online right now that are legitimate sources of income. Let’s look at a few of the popular ones first before I tell you about the best one in my opinion.
List Of Legitimate Ways Of Making Money Online
2. Content and Article Writer
3. Surveys and Micro jobs
While both of the these pay out income every month it will amount to pocket change. Micro jobs can be a legitimate source of income but be prepared to do some mindless click tasks. Look at sites such as Amazons Mechanical Turk or Clickworker
All of the above listed ways are a good sources of income. Some of the drawbacks however are not enough money like surveys. Or in the case of freelance work you are tied to different assignments and deadlines. Plus neither of the above will give you passive income, you will have to continuously look for more and more freelance work.
The Best Way To Make Money Online? – Affiliate Marketing!!
Affiliate marketing is the best way to go if you not only want to make money but you want to make passive income. Passive income is recurring income. The affiliate marketing business model is one of the best evergreen ways online, with no sign of slowing down.
Let’s take a look at some of the latest affiliate marketing stats.
As you can see from the graph it continues to grow at a rate of 10 % per year.
1. It is a global industry worth over 13 billion (yes billion)
2. A whooping 81% of all brands relay on affiliates to bring in revenue
3. No degree or experience needed suitable for any age.
4.Fastest growth of just about any industry with no signs of slowing down.
If that was not enough to peak your interest let’s look at some of the pros and cons.
- Unlimited products to promote. Think of a niche or topic you can find a product for it.
- World wide customer base. No searching for customers or direct selling.
- No inventory to store or ship. The companies you affiliate with do all the heavy lifting for you.
- Learn real world skills as you earn. This will give you leverage and authority over time.
- Learn website development
- Learn digital marketing skills. This can lead to even more passive income
- Learn to blog
- Flexibility- No commuting- No 9 to 5 same old same old
- No boss except yourself
- PASSIVE INCOME!!
The above listed pros are but a small handful of benefits to affiliate marketing and working for yourself. You are sure to find many more as you get into it.
- Earning is up to you. This will take discipline and focus.
- Takes work, especially at first. Good rule of thumb is at least 6 months. But hey really what is 6 months if you know the pay off is a life of financial freedom.
- Some high competition depending on your niche
- Scams are common so you have to learn what to look for.
So What Is Affiliate Marketing? How Do I Get Started?
This is a pretty easy one. Affiliate marketing can boil down to 4 main steps to success.
- Find an Interest
- Create a website
- Start getting traffic and ranked on the 3 main search engines
- Start Making Money
1. Find An Interest
You need an interest this will be your niche. Make it something you are passionate about like a hobby. Something you don’t get tired of talking about. You only need one idea to create your online business.
2. Create A Website
In just 30 seconds, you can be on your way to living your dream. Creating your own website will put money in the bank.
3. Getting Traffic and Ranking On Google, Bing And Yahoo
You will learn all about search engine optimization (SEO) and how to manage your website using different wordpress plug ins.
4. Start Making Money
The process is fairly straightforward in it’s simplest form. Take a look at the graph. Affiliate marketing is the art or act of referring customers to an offer or product.
Would you like to earn while you learn?
There are a number of platforms out there that will teach you affiliate marketing. Each with different styles of teaching. The two best platforms I have found are Wealthy Affiliate and Legendary Marketer.
Wealthy Affiliate is my number one recommended and the one I use the most. Here is a break down of both for your choosing.
They have been online for 15 years .Triple A rating by the better business bureau. Over 1.4 million affiliate marketers world wide call this platform home.
Step by step training
Wealthy Affiliate Platform offers 50 training sessions that are broken down into 5 modules of 10 lessons each. This is what will teach you affiliate marketing from the ground up. This is an O.E.C Online Entrepreneur Certification course. They also have another course included with premium membership the Affiliate Bootcamp if you want to get into the make money online niche.
Once you sign up for Legendary Marketer, you get assigned a success coach who ensures that you don’t get derailed on the way. They offer a 30-day refund of your money should you realize that the resources in a program do not meet your needs. The training is step by step, so you learn quickly and effectively.
They offer high commissions like no other platform.
Dave Sharpe the founder is available to help out in his Facebook group that you get into when you join. Tons of expert advice in that group.
They offer a variety of different courses. Legendary Marketer’s main focus is on digital marketing which is just another form of affiliate marketing but focused on the sale digital products.
If you are serious about making money online either of these programs will get you there. Both step by step and both at the top in the way of teaching. If you are just looking for some pocket change then maybe surveys or micro jobs are the way to go.
But if you are ready to be your own boss and finally find financial time freedom then Affiliate Marketing is the BEST business model for you. For that I recommend Wealthy Affiliate.
I hope I was able to provide you with some ideas and motivation. The future no longer depends on a have to go to job. Now is the time to take control and your time back.
If you know of a better way to make money online in today’s world drop me a comment below and let us know.