The basics of how to make money online: I am frequently asked about what the basic tools are for someone to succeed in an online business.
|Make Money Online Idea #1: Make a YouTube Channel|
|I published my first video on my YouTube channel on October 6th, 2016. It was so crappy. It was a video of me traveling to Portugal to celebrate the success of my first online business idea. The entire trip was recorded from my iPhone.
It took 6 months before I made my first $1 from YouTube.
Those 6 months were brutal. The only people that were watching my videos was my mom and dad. And the entire process just felt like a waste of time.
There were many times that I just wanted to call it quits and to focus on something that made me more money for the time I was putting into it. But luckily, I continued to pump out more and more videos.
After a year of consistently publishing 2-3 videos a week, I now make an extra $50-$80/day simply by the ads that run before my video is played.
The reason why I love this online business idea is because these videos will last forever. And the views that I receive on a daily basis still remain consistent even if I don’t post videos for a while.
Here is how this business idea makes money:
Google pays you to run ads on your videos
Affiliate sales by recommending products in the description
Driving the traffic to your blog (most recommended)
Once you have a good amount of videos up, YouTube can provide constant flow of traffic to your affiliate offers and products or services. Its this constant flow that gives you the ability to make money in your sleep.
Here’s how I got started:
Research the niche that you want to get into
Find videos with high views and low subscribers
Make 10-15 videos about those similar topics
Once you have those corner stone videos getting views from being shown in the related videos on the similar videos you modeled, consistently pump out at least 2-3 videos a week
Watch your subscribers slowly grow over time
This is the exact process I used to go from zero subscribers to now around 250-500 subscribers a day.
|Make Money Online Idea #2: Blogging|
|As awesome as YouTube is, blogging is far more powerful. Why is that you ask?
Well for one, when people are viewing your YouTube videos, you technically do not own any of those viewers; YouTube does. In most cases it’s no problem, but all it takes is one mistake with YouTube’s terms & conditions and you’re out of a business.
Blogging is different. You are the one that owns all the traffic that comes to your site. Meaning you will always be in business as long as you focus on providing value.
I didn’t start focusing on this business idea until the beginning of 2017.
All I regret is one thing: I wish I would have started sooner.
Not only has blogging allowed me to help impact more people, it has also given me the ability to showcase all of my best resources for teaching people how to make money online in one place.
When I first started blogging, I was not computer savvy at all and had no idea how to create a blog. But luckily, Bluehost (the hosting service that mikevestil.com was initially built on) helped guide me throughout the entire process, and I had my blog up and running in no more than 10 minutes.
- Obviously, you must decide what your site is to be about. For this, you need access to tools that show you what the search patterns are and so forth.
- Proper training in how the internet works and how you can make a living from it is essential. There are plenty of gurus. Real expertise is hard to find.
- You have to learn how to generate free traffic. I know, there are many glittering programs for sale promising great wealth if you buy traffic. This is very risky. Learn to get the free stuff first. Money can be made buying traffic, but you have to be really sharp and know what you are doing.
- Unless you want to take a chance on losing a lot of money on inventory and so forth, you have to learn about affiliate marketing. This will allow you to start in any business you want and prosper without spending a cent or risking anything.
How to make money online:
To give you an example of how critical your initial research is, consider the following.
Let’s say you wanted to create a website on your favorite dog breed, the noble Chihuahua. You might consider using a relevant main search term for your site like “All About Chihuahuas”.
This is a nice name, but if you do your research properly, you will find that the term is searched for under 100 times a month worldwide. That’s not exactly the way to success.
On the other hand, the very plain term “Chihuahuas” is searched for over 70,000 times worldwide per month. Using this term would be a great first step to success.
|Make Money Online Idea #3: Sell an Ebook|
|So after my initial success, I began traveling the world. The entire time I was traveling, I wrote down stories on my blog on what happened, the things I’ve seen, and the lessons I’ve learned.
Once I had enough content, I went over to Kindle and uploaded all of the content on there. I then went to Fiverr.com and had someone make me a book cover for only $5. That was the birth of The Lazy Man’s Guide to Living the Good Life.
One of the benefits of creating a blog is that you can monetize all the material on it in a more organized fashion in the form of a book.
For those that love the 4 Hour Work Week by Tim Ferriss, all that book was was a compilation of all of the old blog posts on Tim Ferris’ blog.
I ended up following his footsteps.
Even though my sales suck compare to the 4 Hour Work Week, I am still able to get an extra $100 – $200/ month profit without investing any more time into it.
Most people would see this as pennies compared to the other money making ideas out there, but the power of writing books is that it will exist forever.
This is income that has consistently been coming in and it’s not going anywhere.
And ever since I moved to Chiang Mai, Thailand to focus on my YouTube channel and my journey towards financial freedom, it’s enough to pay for my fully furnished apartment while I run around Asia building my personal brand.
Here is the action steps you can do to get started:
Create a blog
Document your entire journey to building your first online business from any of these ideas on this blog post
Naturally people will find you from the search engines and begin following your story
After you get your first major success, package all of your blog posts into an eBook and paperback book for free on Amazon Kindle
The visitors of your blog will naturally see your book
They will end up buying it because of the value and inspiration that you have already provided to them
I never thought in a million years that I would become “an author.” I was a C+ writer in high school at best. But there is this crazy feeling you get once you finish a book. You begin to realize that the book will last forever long after you’re gone. And that it has the power to impact millions, leaving a legacy that you can be proud of.
The only question now is what legacy will you be leaving behind when you are gone?
|Make Money Online Idea #4: Sell a Course|
|So if you focused your attention on building up a YouTube brand and a blog, naturally people will want to learn directly from you. They will thank you for all the free content that you have given them, and they’ll tell you how it was all life changing.
I remember when I got my first thank you email or snapchat message of how my free content on my blog and YouTube channel had helped someone make their first $100 online. It was mind blowing. I didn’t know how much of an impact I was actually having on people.
And these people that you have helped get initial success..
They will want more.
When I first got to this point, I tried helping everyone one on one as much as I could. But as my brand grew, I started to lose my time because I couldn’t help thousands of people personally every single day.
So to make things easier for myself and for everyone else, I ended up making a course. I realized that every single person I taught, I taught the exact same thing. So if I could organize them all into a video screen share tutorial, then it would give me the ability to impact more people.
Finding a site concept that you can work with while making money at it is called niche marketing. In the example above, “dogs” would be a niche, “Chihuahuas” would be a sub niche and “Chihuahua clothes” would be considered a micro niche.
Your next step to make money online is to learn how business is conducted on the web. It’s a whole new ball game on the World Wide Web. The company that taught me operates on the same model as high schools.
There is online training and then you get to experiment on a site you own and build. It’s a great way to learn.
Once you’ve gotten the hang of how all this works, they teach you how to build your site and develop traffic generation techniques that work for you and your niche.
If you have nothing of your own to sell, learning about affiliate marketing can set you up in any business you want literally in minutes. Basically, you and your site earn commissions for making referrals to companies you are an affiliate for.
There is never any cost to become an affiliate. It is a risk free and highly profitable way to make money online. You will find that people are rarely very anxious to buy from your site. Learning about email marketing puts you light years ahead of your competition.
Learning how to make money online takes time. Stay away from the shell games of get rich quick. Success has always required effort. It is no different now, but the market you get to play in is incredibly huge and rich!
By the way, do you want to find out more about what you need to make money online? Download a copy of my PDF that lists the 4 tools I use to build my site and keep it ranking #1. Sign up for your free copy of the essentials to succeed online.
Bear in mind that no matter how you tackle the job of learning how to succeed online, patience and effort are required, but the end results are so worth it!
|Make Money Online Idea #5: Affiliate Marketing|
|Now as your brand grows because of the amount of value you provide, your audience will begin asking for more products that have helped you out.
For example for me, people wanted to know the exact softwares I was using to run my business.
The two major ones that I use are Shopify for anything eCommerce related and Clickfunnels for anything sales funnels related.
And since these two had affiliate programs, I would get a commission whenever I would recommend these products.
I would have recommended these products regardless. But with affiliate marketing, I get paid to share the products that I personally love using.
|Make Money Online Idea #5: Product Sales Funnels|
|Product sales funnels are amazing. What are they? In essence, they give you the ability to sell more shit.
Plain and simple.
Product sales funnels have these things called up sells, down sells, cross sells, all of these increase the lifetime value of a customer.
I highly recommend product sales funnels because they are the most efficient in making high revenues with low spend on advertising.