1. Launch a Blog
Online surveys and testing can give you a taste of what it is like to make money on the internet, however if you are looking for a long-term return, you should look towards creating a stable business.
One type of business I recommend exploring is blogging. Unlike some other types of websites, you do not need to have any technical experience to start a blog. You just need to be passionate about something.
The whole process of creating a blog is straightforward. All you need to do is select a blogging platform, register a domain name, and then choose a blog hosting company.
Blogs can be monetized in many different ways.
If you have established a readership, you can sell banner spaces and ad slots to companies, however I have personally found affiliate marketing to be more profitable. You just have to select good products that pay a fair commission and create quality content around it.
A blog is also the perfect platform to launch your own products. Whether it be eBooks, a private membership area, t-shirts, or whatever, you can use a blog to create sustainable long-term income and promote all of your online projects.
2. Build an Affiliate Website (E.g. Amazon)
The principles of creating a successful blog can be used to build a profitable affiliate website. This includes creating engaging content, marketing your website and adhering to search engine ranking guidelines.
In contrast to blogs, with an affiliate website you are gearing everything towards specific products. This is why most affiliate websites contain product reviews.
People who are searching for a review of a particular product are more likely to purchase it after reading an informative review, therefore the odds of making a referral commission are greatly increased.
Whilst it does help to know a product firsthand, you can write good product reviews by either hiring others to write for you or summarizing what others have wrote.
There are millions of products being sold online so the opportunities to make money from an affiliate website are limitless.
Companies list partnership opportunities for their products on affiliate networks or through their own in-house affiliate program.
Hundreds of thousands of affiliate programs are available online, but a good starting point is the Amazon Associates Program. Whilst Amazon’s commission rate is low compared to other affiliate programs, their store tend to convert better due to brand loyalty.
Without doubt, affiliate websites are one of the most effective ways of making money online.
3. Sell Products on Amazon, eBay, Etsy, & More
When you launch an online shop, you have to spend time administrating the store, however in order to find customers, you also have to market your store and its products.
This can be difficult unless you have a large budget for an advertising campaign or a platform to promote your products such as a blog or a social media account with a loyal following.
If you want to start earning money quicker, you may want to instead consider selling products on an eCommerce marketplace such as Amazon, eBay, and Etsy.
Shopping marketplaces and auction websites are competitive, however there are few barriers to get started.
On a website such as eBay, you can get going by selling old things around the house that you do not need. Alternatively, you can search your local area for products that are on sale and then sell them nationwide at a higher price.
More established sellers tend to use dropshipping. There are thousands of sellers on Alibaba that help you do this. Once someone purchases something from you, you buy the product from China and ship it to them. The customer will never know that you did not ship it directly as your branding and marketing material can be included with the package.
To reduce delivery times, many sellers choose to buy items in bulk and send it directly to Amazon’s warehouses using the Amazon FBA program. It’s an attractive setup as you can build up a large successful store on Amazon without ever having to store the items yourself.
4. Launch an Online Shop
According to Digital Commerce 360, eCommerce spending was around $3.5 trillion in 2019 and is expected to grow further in the next few years.
It is a massive market and one which you should consider tapping into.
As you would expect, building a successful online shop requires a lot of hard work, therefore it may be several months before you start making a healthy monthly profit.
Prepare yourself by looking at how others have built successful shops and research what products to sell, who your competitors are and who your target audience is.
There are many great eCommerce shopping platforms available, but two I recommend looking further into are Shopify and WooCommerce.
Shopify is a hosted online shopping solution that retails from $29 per month. The service handles everything for shop owners and has a great selection of themes for online stores.
WooCommerce is a WordPress plugin that has grown to become the most popular eCommerce solution online. The plugin is free to download, however you will have to host your online store and possibly purchase additional plugins to extend functionality.
Like Shopify, there are a huge variety of WooCommerce themes on the market to help you market your products effectively.
Check out our Shopify vs. WordPress article to see which platform is right for you.
5. Launch an Online Course
Could you teach others a new skill?
Online learning is a billion dollar industry that continues to grow each year, with some teachers earning millions from their courses.
In comparison to membership websites, online courses tend to be more structured and focus on teaching someone one particular skill or topic.
Expectations of courses has grown over the years, so be prepared to spend a substantial amount of time creating content for your course.
On online course platforms such as Udemy and Treehouse, successful courses tend to include dozens of articles, hours of video, downloadable resources and more.
The online course platform Udemy has over 100,000 courses in their directory and boasts millions of customers.
It is a huge marketplace that you can tap into, but be aware that Udemy take a 50% commission for allowing you to sell courses. This means you have to price your course accordingly, which can be difficult in such a competitive marketplace.
If you have an established blog or large social media following, you may want to consider hosting an online course yourself so that you keep 100% of the sales you generate.
To learn about the online course solutions available for WordPress, check out our article “6 Best WordPress Learning Management Systems (LMS) Plugins Compared“.