How to Effectively Make Money Online Tips
With the advancement in technology, so much activity has become simplified; in fact life has respectively gotten a lot more easier. Think about this; we shop online, we sell online, we date online, we advertise online, interviews are being conducted online and almost everything is turning digital. Most especially, with the onset of internet civilization, most people have taken upon themselves to either dodge office professions while maximally concentrating their efforts on making money online or using the online platform to make some extra bucks. The economy today is deafening to say the least and with the opportunity to shed more light towards your overall earnings, that decision is not to be prolonged. While you probably already know how to go about making money on the internet, could also be that you are looking for those bucks in all the wrong places.
|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.
Some viable platforms for online money making as a freelancer
Flipping domain names– This is a valuable tool for online money making where people make quite a substantial gain buying and selling domain names. The best trick is to use Google AdWords to find trending keywords and then using this info to buy those domain names that are likely to be in demand soon.
Doing Surveys online– Though these won’t earn you much at a glance, they do add up when you need cash out of the blues. However, after you sign up with Surveyor companies, you will need to keep an eye out, checking emails often for opportunities to make sure you don’t miss out on great chances.
Transcription– There are many freelancing sites online offering to pay for transcription services. While these won’t pay you luxuriously, they don’t require much effort either and you can easily maximize on profits by increasing workload.
Affiliate marketing– This is concerned with promoting other people’s products and services without holding any inventory. This works by having affiliate advertisements incorporated into your website or blog through linked articles. Now your earning comes in when visitors to your site click on these links redirecting them to the client’s article or site.
Articles Writing– Most websites and businesses need top notch articles to promote their services or increase traffic and are bound to require writing services often. You won’t be making that much in the beginning that’s true, but with time after you’ve honed your skills and you can now choose to set desired rates. Again if you are exceptionally skilled, you can try submitting your work for publications which will pay even better.
Tips to maximize on online money making
|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.
Start a blog– A blog lets you promote your work online while also giving you the added bonus of earning from affiliate programs and advertisements. So you want to maximize on your online earnings? Then know you need a blog and it’s not an option.
If a deal is too good, think twice- You cannot afford to follow blindly when clients offer huge paychecks for work that is not comparable. Scam is next to normal today, so if something is too good to be true, you’ve got to be vigilant.
Maximize on social media– These social platforms that we regard to as leisure routes like Facebook and Twitter goes a long way to helping create a buzz within your website or online business. Social platforms help greatly in building brand recognition and awareness.
Expand on one Niche at a time- It appeals better to have a long queue of blogs in various categories at the same time but while this may sound amazingly great, you might miss the chance to optimize on either of these many categories. Choose the Niche that best defines you and after you are able to expand on it, now you can start working on the others.
Invest daily– If you are making money through a website, then consistency is key. With so much competition getting sloppy only works to whip you out of the game, your customers needs to relate to you being accessible and definitely dependable. Try to keep up with emails as much as possible because your customers will need a reason to stay and you’ve got to hand them a compelling one.
Be transparent – Trying to make easy money is like gambling your fate on real estate located in the desert. While there is survival for the fittest, you cannot rely on this because who’s to say whether you are the best fit candidate? So flooding your site with ads in the attempt to make easy money is not exactly the best route as it gets overwhelming and bothersome for customers and visitors trying to comfortably navigate your site. Can you imagine if your ads pop out with every click on a certain website, people run as far as possible from such and hey, you want to drive them in and not away!
Sure you must have heard of online workers who’ve been shortchanged all because they trusted someone a little too much than they should have. As a freelancer, if your online work is focused on a certain freelancing site, you must remain vigilant at all times.
Get yourself well versed with the terms that revolve around the site’s operations. Know the conditions that are safe for you to start working with a client and always agree on payment terms before the project starts. While most jobs on the internet are often risk confined, it is important to learn to trust your best judgment and especially to be careful with deals that seem too good to be true.
|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.