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Hi All! Want to learn how to earn money online? Luckily for modern day folks, there are a number of ways to increase your streams of revenue. Check out my list below:
--Affiliate Marketing
With Affiliate Marketing, you are able to generate profits by earning a commission off of online products when people purchase using your link. Let's say for instance you partner with Amazon Affiliates, each sale that you receive from people purchasing through your link, Amazon will pay you commission up to 10%--without having to hold any inventory. That's the beauty of it! The percentage of pay for Amazon Affiliates actually varies by category, and can be located here: https://affiliate-program.amazon.com/help/operating/policies#Associates Program Fee Statement
--E-Commerce (Amazon, Ebay, Shopify)
There are a number of different strategies and approaches people take to selling products online. These methods can range from holding and managing your own inventory, to managing zero inventory and being a middleman for online purchases, commonly known as dropshipping. This is my personal favorite approach to the e-commerce business. There are advantages and disadvantages to dropshipping versus buying in bulk, but the main advantage with dropshipping is that zero to very little capital is required upfront to get started. Alternatively, I spent over $6,000 to get started with my first private label product on Amazon. Big difference, huh?
I created a beautiful store on Shopify in under 30 minutes, (Shopify is an e-commerce platform commonly used for dropshipping) loaded up the store with products that I could begin to sell right away using an integrated Shopify app called Oberlo, and I could start to earn money right away once I start to market my products. A disadvantage of dropshipping, would be since most products will ship directly from China to the customer, the product could take up to a month to be delivered. With Amazon Prime, customers can get their items as soon as the next day, so definitely something to consider when deciding your marketing strategies.
Whichever approach you take, never forget that most online businesses fail because they either choose the wrong products to sell, and/or do not market their products efficiently. Therefore, before you decide to launch an online business, do plenty of research research research.
--Social Media Blogging
Do you have a passion for something? Blog about it! Like to help people? Start a blog! Have a talent? Set up a Blog!
People enjoy viewing creative content, and you can get paid for it. Utilize sites like Youtube, Steemit, Instagram, and even Facebook to build an online presence. Youtubers earn money by either gaining enough subscribers or views to their videos once qualifying to partner with Youtube based on criteria. With Instagram, ever seen someone post about their favorite watch, lotion, dress, etc? Often times these accounts are earning profits by handing out affiliate links to share to their members. Again, a great way to earn some extra cash, just by simply sharing a post.
--Online Market Trading (Stocks and Cryptocurrencies)
Cryptocurrency got some big press back in 2017. For someone new to the crypto market, start by purchasing some bitcoin at coinbase.com, and review the list of all active cryptocurrencies at www.coinmarketcap.com. From there, you can decide whether you want to simply hold your Bitcoin, or trade Bitcoin for other cryptocurrencies known as altcoins. An altcoin is simply a term used to describe any coin other than Bitcoin. People earn money with cryptocurrency by either day trading for short-term profits, or holding (#HODLgang, sorry I had to, lol) for the long-term. Keep in mind that both cryptocurrency and stocks can be very volatile, so earning is not always a guarantee.
-- Online Surveys
This one speaks for itself. Get paid to take online surveys! A couple of sites I recommend for you to check out would be www.swagbucks.com and www.thepennyhoarder.com. Great way to earn some extra cash with minimal effort.
Thanks for reading! Looking forward to sharing more with you guys soon! :)