How to make money online; 7 legit ways to make money

How to make money online; 7 legit ways to make money

Now we are going to discuss How to make money online; 7 legit ways to make money online. I think when it comes to making money online, most people make it so complicated, right? They make it so many steps, and so many business models and so many different strategies, and tactics.

                Today I’m going to give you some clarity.

1. E-commerce:

Now How to make money online; 7 legit ways to make money

               We discuss number one that is e-commerce. E-commerce I’m referring to selling, let’s say on Amazon, Shopify, right? You are selling a physical product, maybe you get it from China; you get it from Alibaba, even when you’re selling products on eBay, right? That’s the e-commerce business model. It is one of the most profitable business models online.

               However, it is also the one that requires you the most amounts of capital and experience. Now you are dealing with customer service, right? You are building a team, you’re fulfilling the product. You are dealing with the image, the photo. You are driving traffic, maybe through the search engine, right?

               You are doing paid traffic. You are trying to tweak your e-commerce site so that you get more sales, right? Then maybe you do some affiliate deal. But your margins are usually not very high because you are selling a physical product. A B2C model, business to consumer, so what it means that you need to sell a lot of volume in order to make any significant amount of money, right?

2. Drop shipping:

               In this article How to make money online; 7 legit ways to make money we are going to discuss 2 legit ways to make revenue online is the drop shipping. Now, what if you don’t have a product to sell? What if you don’t have a lot of money, a lot of capital to get started, then what do you do? Well, drop shipping is another model. There a lot of people making a decent amount of money with this model.

Wholesaler & Distributor:            

Now with this model, you’re basically working with a wholesaler or a distributor, where they have all the products and they would do the fulfilment. What do you’re actually acting as a marketer, right? You are driving the traffic through social media, email marketing and website.

                You can set up like a virtual storefront where you take the order and then you send the order to a wholesaler or a distributor, they would ship it for you. Typically they would charge you money. Sometimes they charge you kind of a handling fee, could be a $2, $3 or $5.

Revenue:           

Now, your margin is very thin, because you are selling one item at a time. You have to be very careful knowing how much you can spend to acquire each customer, to drive traffic. How much you can spend to acquire each visitor to your website.

So your metrics, you have to know very well, because this thing, you could spend a whole bunch of money, and if you don’t make those sales, you are the one that’s taking the risk, right? The wholesaler, the distributor, there’s no risk, right? They only fulfil a product when you make a sale.

                So as a marketer as a drop shipping business model, you’re the one that’s doing all the marketing, you have to front end a lot of marketing costs, and you only get paid after you make a sale.

3. Affiliate marketing:

               Now in How to make money online; 7 legit ways to make money we are going to discuss the third legit way to make money online is the affiliate marketing, I love the affiliate marketing model, that’s actually how I made my first fortune on the internet, my first bucket of gold. Now what’s beautiful about the affiliate marketing model is you are acting as a middle person and you get commission without any investment.

Doesn’t require Own Product:  

It doesn’t require you to have your own product, you can choose a handful of good products that you believe in, and you don’t have to deal with the inventory, you don’t have to deal with the fulfilment.

Work as a Middle Person:           

All you would like to target is being a decent middle person to sell these products online. You can test different traffic sources and you can pay traffic or free traffic, drive them to the affiliate offer and from there, and you measure and track the performance and then you’ll be able to get a commission check every single month.

                It still provides a nice stream of income point but there’s one catch in order to be a good affiliate marketer, guess what? You have to be a good marketer. You have to know what you’re doing in terms of doing online type marketing, right?

You have to know what is it that you are working on, it is not an easy thing, but it is easier than other types of ways to make money online.

4. SAS or Software Business:

               Now in How to make money online; 7 legit ways to make money we are going to discuss number 4 legit way to make money online is the SAS or Software Business. Now, the software business is a huge business online. It is a model that is absolutely scalable if you know what you’re doing and you can see companies making millions of dollars, I am talking about Infusionsoft, it could be Active Campaign, it could be Go To Meeting, right?

Same Product & More Sale:       

It could be even hosting tracking software, software that solves a problem in the marketplace. Now this model, why this is so powerful, it’s because it doesn’t matter if you sell that piece of software to one customer or 10,000 customers, it is the same product that gets replicated many user can use at the same time, that’s why it’s such a powerful business model.

                When it comes to technology now, you can hire developers; you can hire programmers to develop that software for you. Problem is software not done right; you could burn hundreds of thousands of dollars, millions of dollars before getting a return.

                But if you know what you’re doing, software on the internet absolutely one of the most powerful ways to make millions of dollars online.

5. Google AdSense:

                Now in How to make money online; 7 legit ways to make money;

We are discussing Google AdSense is an advertising program that allows you to run ads on your website or blog or youTube videos. When visitors click on this ad you get revenue from Google AdSense.

Google AdWords:

The ads are generated from advertisers that use the Google AdWords account. Now with Google, you need to have a lot of traffic for your website or blog. Maybe you can create some kind of blog, maybe it’s a YouTube channel, but you need a lot of visitors to make any significant amount of money.

Google AdSense is Free:

The good thing is, it is free to join. It doesn’t cost you anything to join.

                But the downside is you need to create a lot of content in order to create a decent amount of revenue or to maintain good revenue. Even you can make greater than $30,000 a year from Google AdSense.

6. Expert Business:

               Number 6 is the Expert Business to make money online. Now we are talking about packaging your expertise, your skills, knowledge and your passion into some kind of a product. I’m talking about online courses, I’m talking about training programs. I’m also talking about the services that you could provide to our clients.

               Maybe you’re a digital marketer; you’re running a social media agency. You are doing any types of programs for our clients that enhance a client’s business, enhance client’s lives.

7. YouTube:

               In this article How to make money online; 7 legit ways to make money we are going to discuss number 7 legit way to make money is YouTube. Now with YouTube, You could put everything together for you.

YouTube in E-commerce:             

Let’s say you have an e-commerce business, you could create demonstration videos and upload them to YouTube. In the description, you can enter your website link so you can drive all the traffic back to your e-commerce site.

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YouTube in Drop Shipping:         

You can do also make tutorials videos to teach people or if you’re in the drop shipping business, it is the same thing, you can have various keywords, different types of videos on YouTube that people are searching for right now. And they watch the videos; they like the product and then click the link. So they could go to your website and buy through your website.

YouTube in Affiliate Marketing:               

Remember, we also talk about the affiliate marketing business. Now, because of the affiliate marketing business. It is so competitive; it is not just you as an affiliate promoting that particular offer, that particular product.

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