Unique Tips to Make Money Online

We’ve all seen the ads, promising us we can start making hundreds, or even thousands of dollars online within the next few days, if we buy this or that (usually quite expensive) program.

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.

Secretly, we probably all wish that would be possible! After all, it would be like winning the big jackpot!

Let me be clear about this from the start: most of these ads are frauds.

Unless you already have vast online resources, or a vast knowledge and experience in the online marketing world, there’s no way you will be making hundreds of dollars a day online (regularly) in just a few days, or even weeks.

Building any kind of business from scratch, online or offline, takes time, experience, and in the case of an online business, many different skills. Skills which most people have to start learning at the moment they decide they want to make money online.

Relativity

Most, if not all of these ads, play with the relativity of words such as “fast” and “quick”. Words like fast and quick only get true meaning when used in a comparative context.

When you compare the evolution of most real world businesses with that of online businesses, one could indeed conclude that certain online businesses start making money much faster than real world businesses. Especially when you consider that in most cases, brick and mortar businesses require loans to start-up. Loans which must be paid off before you start making any real money for yourself!

In most cases, it will take a few years before an offline business will be generating some serious money.

With an online business, this can indeed be much faster. That is, if you know what you’re doing!

What they don’t tell you

In all honesty, I must say that some of the ads and programs out there do have some validity in that they actually do give you the opportunity to start making money in a relatively short time.

However, apart from the relativity aspect, there are usually also a few things they don’t tell you in the ads.

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.

First of all, like in virtually all kinds of businesses, money means speed. If you can spend $1000 a month or more, on top of what you paid for the program, you will start making money online much faster than someone who can only spend $100 a month.

After all, most forms of effective marketing and outsourcing cost money, which is not included in the original fee you paid for the program. The more you can spend, the faster you’ll have results.

Secondly, creating any kind of business takes time and effort. No matter how much money you pay for any kind of online business program, it will not work if YOU don’t put in the work!

In this case, putting in the work usually means learning the necessary skills first, after which you can really start working to make money online.

These things take time, and if you already have a full time job, your available time is limited and it will probably take you many months before you see any financial result at all, unless you have tons of money to spend.

At the other hand, if you don’t have a job and not much of a social life, you could be spending 60 to 80 hours a week on learning the necessary skills and developing your online business model, in which case you have a realistic chance of starting to make money online within 2 or 3 months.

At this point, your choice of business model will become extremely important, because it is this choice which will determine how much money you’ll be making and how fast you can scale your online income.

Conclusion

It is possible to start making money online in a relatively short time period. However, how short that period will be and how much money you’ll be making will strongly depend on your background knowledge, your financial situation, and last but not least, the time you have available to learn and develop your online business.

Online businesses are not the goose with the golden egg, or a winning lottery ticket. They do however provide possibilities which are extremely difficult to find in the offline world, and they are definitely easier and cheaper to build.

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.
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