One of the most searched phrases online is “how to make money online”. People who have heard of folks that made and are making a killing online always want to know how they too can key into this trend. If this describes you, then you are in luck because this is exactly what we will be looking at today in this article.
This is a short article so we will only be looking at three ways of making money online. Want to know more ways? Check – https://bestonlineaffiliates.com.
Let’s now go straight to the three ways we promised to discuss in this article.
This is easily one of the oldest money making methods online. In this method, your goal is to refer people to purchase a product or service from another company. When this happens, the company pays you a commission for the sale or whatever outcome they were going for.
How it Works
Usually, companies that offer affiliate programs provide those who sign up with special URLs that are unique to them. This is how their activities are monitored.
To get started on this, you must first find companies that offer affiliate programs. Sometimes you may have to go through third-party sites like Commission Junction and other advertising market places.
Once you have signed up and received your unique affiliate link, you can then decide how to go about promoting your link. You can do this through a website, by simply sharing the link on social media, through article marketing and more.
If you have seen review sites with product buying guides that help you make a decision when trying to buy a product, most of these are affiliate sites. When you buy a product (by clicking the link on their site) following the recommendations they made to you, they receive a small percentage of the sale as compensation for bringing you the buyer.
This is a huge industry were payouts are expected to hit about $6.8 billion in 2020.
This is a type of affiliate marketing described above. The difference here is that the philosophy is built on creating a number of little websites, each one focusing on a particular niche or product.
People who are doing great with this method usually have multiple sites that bring in some affiliate commission monthly. When summed up, it amounts to a whole lot of money.
How it Works
Identify a niche or niches you want to focus on then identify products you will promote on those sites. Create little websites that will be focused entirely on issues relating to the chosen niches.
For a beginner, you can start with one website and one niche. If for example, you set up a review site for a product, you can discuss multiple brands of the products, creating value for your readers and also providing links through which they can purchase any of the products from a seller like Amazon.
Of course, the link will be an affiliate one.
Ecommerce is easily the current biggest and most popular means of online money making. In 2019, global sales from eCommerce were put at about $3.53 trillion. You can read more about it here. That’s pretty massive and interestingly, it is still growing.
Ecommerce simply describes the sale of products through online stores. There is no need for any physical store, though an online store can also be an outlet option for a physical one.
How it Works
There are two ways you can go about this. First, you can identify (or create) products you can to sell to the public, create an online store and then sell these products to them directly.
The other option is what is known as drop-shipping. This involves selling products to your customers without actually owning, handling or processing the order.
What you simply do is identify drop-shippers you want to work with. When you get an order from your site, you turn around to place the order with their site and then they ship to the person who placed the order from your site.
In the first method, you handle the entire process from product acquisition to processing and fulfillment. In the second method, you only receive orders and place orders. The drop-shipper handles the logistics of fulfillment and shipping.
The methods looked at above have been proven to be very effective. There are however other aspects that have to be taken very seriously if one will succeed in any of them. We are referring to marketing. You must understand and fully implement effective marketing strategies to enjoy success in any of these methods.