Today I will show you 7 steps to make money online. Making money online is not as complicated as many people make it sound. It doesn’t have to involve too many steps, business models, and so many different strategies or different tactics. Today I’m going to give you some clarity and give you everything you need to know to start making your first $100 or R1000.
Let’s look at the first way, which is eCommerce. E-commerce is selling products and services online. There are many platforms you can use to sell your products or services such as Takealot, mkbn, Daddy’s deals, amazon, Shopify, wooCommerce Etc. E-commerce is one of the profitable businesses that will allow you to earn money online. there are many places where you can get products to sell, for example, you can buy directly from factories, Alibaba or you can sell products that you manufacture all by yourself.
These days people use their mobile devices more than anything, people spend most of their time on the internet or on social media. Therefore, selling online will help you get your products in front of many people, and if your products are good then you’ll definitely get sales.
Ecommerce does require patience, time, and hard work. Remember, you’ll have to do a lot of work, especially during the early stage of your business as you won’t have employees. You’ll have to prepare products for delivery, take orders, deal with packaging, marketing, and advertising, financial management, and responding to customers’ queries. Therefore, you must be willing to work more than 8 hours a day to make your business a success.
E-Commerce businesses require capital. You need money for setting up your store, buying stock, marketing your products, and packaging. So always be willing to start small if you don’t have much capital. You can also cut costs by buying from Alibaba which is the cheapest wholesale website in the world.
The first step we talked about requires cap[ital. Now, what do you do if you don’t have enough capital to buy stock?. Well, don’t worry there is still another way for you to make money even if you don’t have enough capital. You can still set up an online store and sell products but this time you won’t need any capital to buy stock. Yes, you don’t need any capital to sell using the method that we are about to reveal.
You can dropship. Dropshipping is a way of listing other people’s products on your website, and whenever a customer buys from your store you take the money and place the order on the original store that is selling the product bought from you. This way you’ll be serving as a 3rd party or the middle man.
The only costs you’ll incur is the cost of setting up the store. Setting up an online store is way too cheap, especially now as there are companies that are offering cloud hosting for just a once-off payment which is way lower than buying a burger. If you want to check the hosting you can click here. After getting the hosting and domain for your store you can just get a wooCommerce store which is way too easy and will be free once you have the hosting and domain.
With drop shipping, you don’t have to worry about anything. You just upload the products and sell them. The original seller will take care of the rest once you place the order in their store. They will do the packaging and delivery and you will keep the difference between their cost and your pricing. Of course, to make a profit you’ll have to sell the products at a higher price than the original sellers that you are dropshipping for.
You can also invest a little bit of money into marketing. This will help you drive more traffic to your website and sell more. However, you have to be careful not to lose money trying to get traffic that doesn’t convert into a sale. So I recommend taking some free digital marketing short courses from google.
Affiliate marketing is one of the best ways to make money online. There are two types of affiliate marketing. CPA (Cost per action) and CPS (Cost Per Sale). Now cost per action is the easiest form of affiliate marketing as you don’t need a sale to get paid whereas the cost per sale requires you to generate a sale to get paid.
Affiliate marketing seems hard but in reality, it’s not as hard as it seems. There are many websites, online stores, and affiliate marketing platforms like Clickbank, warrior plus, muncheye, JZoo, and many more. These platforms allow you to register as an affiliate, then they provide you with all the necessary materials you need to lead customers to buy from the platform.
To convince customers to buy, you’ll first have to earn their trust by offering great value. Once you’ve grown a large audience who trust you, everything will be simple as they’ll buy the products you’re affiliating with. Trust is key in the affiliate world. So put in the work of providing value, then you’ll begin to see results.
The good thing about affiliate marketing is that you don’t need to own any products. You just have to have a deep understanding of the product and give people reasons to buy. The only thing you have to do is share a link with your audience. The link will lead them to the platform where they can purchase the product and that’s all you need.
You can promote affiliate links in many ways. There are many platforms you can use to promote your affiliate link. You can use platforms like Quora, Pinterest, Facebook, Twitter, Instagram, medium, linked in, and many other platforms out there. You only want people to buy through your link so give them reasons to buy through your links such as Discounts and they will buy.
If you really put in the work, you’ll reap results for many years. The most effective way to do affiliate marketing is by offering product reviews. Most people go to the internet to search about the product or service they are ready to purchase. So if you give a good product review, people will buy through your link and you’ll get commissions.
If you really take the time to write a killer product review now. In the next few months, your review might rank on Google’s first page, and guess how much you can make if all the people who search for a particular product lands on your review. If the review you wrote has a large monthly search volume, you’ll make a lot of money. So do the work today and one review can earn you commissions for the next 10 years. You’ll get commissions for a review you forgot you once wrote. That’s the power of affiliate marketing.
Software or SAS business
The software business is a huge online business. It is a model that is absolutely scalable if you know what you’re doing and most companies are making millions of dollars, 10s of millions of dollars, hundreds of millions of dollars. If the software you sell solves real problems then many people will buy the software.
One good thing about selling software is that you don’t have to produce a thousand of software to cover a thousand customers. You make one software and replicate it into as many software as you want and each software copy you sell can have a license. you can still own software even if you have zero coding skills. You can just hire a software creator and start selling the software to your clients.
You can hire software developers from anywhere. you can hire companies that you know or you can find them online on sites like Fiverr, Upwork, and on any other freelancing platform,
Now Google AdSense is an advertising program that allows you to run ads on your website or blog or YouTube videos and you get paid when visitors click on them. The ads are generated from businesses that use the Google AdWords account. Now with Google, you need to have a lot of traffic.
You can create a blog or a Youtube account that you’ll monetize with Google Adsense. Adsence will place ads on your website or on your youtube videos and you’ll get paid every time someone clicks on your adverts or watches them for 15 seconds on youtube. You can make any amount of money with Google Adsense. However, you’ll have to produce a lot of valuable content that will keep people coming to your blog or youtube platform.
You can create a simple WordPress blog. All you need is a simple domain and host. you can get a cheap domain from Godaddy and a lifetime host for a once fee that’s way too cheap. See the host here. After you’ve got hosting and a domain, you’ll need a simple theme. you can buy a cheap good looking theme here or you can download it for free on WordPress.
Once you’ve published a few posts, you can apply for AdSense and they will approve you. Then they will give you some codes to copy and paste on your website. Then you can start displaying adverts on your website.
Once you have started monetizing your website and have a lot of helpful content you can hire someone to convert your website into a mobile app and you can then monetize your mobile app with AdMob. That way you will be able to monetize the same content with two programs. you can get a programmer on mkbn or on Fiverr to convert your site into a mobile device. Submit the app to the play store and pay the registration fee of $25 USD and your app will be on the google play store for people to download and you’ll make money every step of the way.
Online courses and selling your skills
This is the expert business. Here we’re talking about packaging your expertise, your skills, your knowledge, and your passion into some kind of a product.
You can either transfer your experience, skills, and knowledge into an online course or render services for clients and companies that seek your expertise. For example, if you’re good in digital marketing you can create an online course where you teach people how to0 do digital marketing. You can also offer this service to businesses.
There are many platforms where you can offer such services such as on fiver, mkbn, Upwork, etc. You can also create your own website where you sell your online courses and also sell your services. This way you’ll be able to reach a large number of people and maximize your profits.
Youtube is a very great platform to earn money online. First, if you have an online store you can create videos that showcase and demonstrate your services or products. Then you can put a link in the description to direct all the traffic to your website.
Youtube will allow you to monetize through google AdSense, where google will place ads in your videos and you’ll get paid every time someone watches the ad for 15 seconds. You can choose how many ads to show in your video and if you do it right you’ll earn a lot of money.
Youtube is a very strong platform that can be monetized in many ways. You can also do affiliate marketing with your youtube channel. For example, you can show people how to use a certain product and provide a link to the product where your audience can buy, this way you’ll get paid whenever they purchase the product. One video can earn you for many years and you can just edit it after a year and change the date so that those who haven’t seen it or your new subscribers can buy the products. This way you can earn for many years to come.
If you are providing super quality content you can add a membership subscription to your youtube channel, where people who pay a stipulated amount of money will have access to premium content. You can make a lot of money online in 2021. All the best.