Want to make money online fast? Is it possible? Yes. Is it sustainable? Maybe. I am sure that by this time you have heard that people are making money online. Heck you might even know someone that does. But do you know how they do it?
There are so many ways to make money online, and this fact only complicates things if you decide to give it a try yourself. It can be overwhelming if you want to try to transition from your nine to five job into something you can do from home and online.
You might think that working for yourself online can be risky but you have to ask yourself; is your current employment situation is really secure? I have seen it happen time and time again, someone loses their job when their employer’s situation changes and they have to cut the workforce. There really is no loyalty from the employer to the employee anymore and vice versa.
One of the great aspects of earning money online is that once you master one method of online income you can add another income stream any time you feel ready. This is a sort of insurance policy, just in case your income from one method becomes inconsistent you will still have the other steams producing for you. I am not a big proponent of putting all of my eggs into one basket. I have found myself without an income in the past by relying on one source of income that abruptly ended. I don’t recommend it!
5 Popular Ways To Make Money Online
There are as many ways to make money online as there is to lose money online. It can be difficult to distinguish between the legitimate methods to make online income and the scams. I am going to touch upon just a few of the popular methods that are currently promising. Some I have given a serious go and some I have not.
- Affiliate Marketing
- Retail Selling Platforms
- Outsourcing Sites
- Own Products Digital etc.
Affiliate Marketing, Recommend Your Way To Profit
If you have never heard of affiliate marketing it is really a simple concept. What it boils down to is selling a product or service that is owned by someone else for a commission. How many times have you recommended a movie, tv show, or some sort of product to a friend? Affiliate marketing is the same thing only you get paid for it.
I first learned of Affiliate marketing way back in the early 2000’s. I came across a woman named Rosiland Gardner. Rosiland had/has an ebook for sale online (her book is still available today with current updates added) called the Super Affiliate Handbook: How I Made $436,797 In One Year Selling Other People’s Stuff Online.
Affiliate marketing is one of the ways that I diversify my income streams. I have done this in many forms over the years, some methods with a long term strategy in mind and some methods that only worked for a short time.
Affiliate marketing has been around a very long time and will always be around.
Amazon, Ebay, Etsy Oh My….
There are many retail platforms online available today that you can sell products on as a third party seller. The list seems to be growing all of the time. Have you heard of Amazon, Ebay or Etsy? Who hasn’t. Chances are that you have purchased at least from one of these platforms.
These platforms allow for you to sell on their sites in exchange for selling fees. The beauty of this arrangement is that the established site already has a huge amount of traffic. If you have ever tried to start a retail site online, then you already know that it is hard to compete with the big players in this field even if you pay to send traffic to your own site.
Selling on Amazon using their FBA (Fulfilled by Amazon) program is another stream of income for me. I have utilized their platform for the past 5 years and make what would be equivalent to a full time income on their platform (although I don’t work full time doing it).
Amazon’s retail platform is not to be confused with their affiliate marketing program. They are not the same thing.
Dropshipping Do The Numbers Work?
The concept of dropshipping is an old one. Basically you sell the product and collect the money up front, then contact the manufacturer of the product, purchase the product with your customer’s money and have the manufacturer send it to your customer.
The question is can you do this cheaply enough to be competitive? Well it turns out that with the advent of online storefronts like Shopify and integrating certain apps within your site and then pairing those with sites like Aliexpress that sell inexpensive manufacture’s products you can.
There have been many people that have been successful by dropshipping inexpensive Chinese products. The process may sound complicated however it is easier to set up than you might think. Getting traffic to your site however is another story. Just another piece of the online puzzle the you need to figure out. But it is possible.
Be An Outsource Resource For Seed Money
If you don’t already feel comfortable experimenting with any of the already mentioned ways to make money online or you don’t have the seed money to get started, you can always freelance for a bit and earn some money that you can use to get started. Or if you like doing this type of work, keep doing it as another income stream.
There are many outsourcing sites that people use to have tasks done but a couple of the most popular ones are:
Creating Something From Nothing
The most profitable thing you can sell is probably information in digital form. A simple example of this would be an ebook. You can take an idea, a concept and create a digital product from it. Then you sell it online. This basically cost you nothing to create and since the book/ebook is digital there are no manufacturing cost or delivery costs since it is delivered to the customer online, digitally.
The concept of a digital product can take many forms, for example, you could sell memberships to a online group, you could sell digital lessons on almost any topic etc. The beauty of this method is that you really don’t have money tied up in the product, just your time in developing the content.
Making Money Online Fast Is Relative
Although it is possible to make some cash online quickly I have found over the years that starting slowly and learning how to do it correctly and through a method that is sustainable you are more likely to continue to earn consistent money. By all means try out some of the methods that I touched upon above. There is much much more to learn about each method but you have to start somewhere. So jump in and get your feet wet.