Sad to say that readers might be disappointed as they might expect me to reveal some secrets of making money online fast. All over the internet, we have seen many so-called internet marketing gurusâ over-promising to people that they can make millions of dollars easily with the Internet.
This is not true at all. Money just wonât drop from the sky. You need to work for it. Many people have been âburntâ badly by the gurus by paying thousands of dollars on their courses, attending their seminars and such. At the end of the day, many would just give up as they canât see any results in terms of profits.
Starting an online business is just like setting up any other brick-and-mortar businesses. The only difference is the starting capital is very low for an online business setup. You still need to start from scratch. You may not see money immediately but you must never give up. Continue to devote the time, money and efforts in building your brand & market awareness online and be patient to see some positive results after at least 6 months to a year in business.
There is no secret in making money online, all you have to do Â is to find out more and thatâs it. This article will be giving you, something that is conservative, under-promising, transparent and realistic; to help you pick up some online business knowledge immediately and you can probably start to make your first 50 bucks online probably the next 3 to 6 months from now.
Here are the 4 Legitimate Ways to Make Money Online:
#1. Â Affiliate Marketing
Affiliate programs are usually free to join and it is the most easiest way to get things started. All you need to do is to attract prospects online to click through your affiliate link and buy something from there.
Many affiliates websitesÂ practicesÂ Cost per Sale function, that is you would only earn a commission when you make a sale online. However, the most easiest affiliate system will be the Cost-Per-Acquisition (CPA) networks; also known as Cost per Lead, this is one affiliate system where many gurus donât wish to let you know about it as it has better conversion rate than Cost per Sale networks as you donât have to ask prospects to take out their credit cards and buy things on the spot.
For CPA, affiliates can make money not through customers buying but through customers giving their information and details to the merchants; information like email addresses , contact details, postal codes and so on. Hence, CPA networks are simply marketing agents that generate leads for their merchants clients.
Most important of all, you need to choose an affiliate product that you like. For example, if you love traveling, you can start a travel blog and put your affiliate links there.
#2. Â Content Marketing
Many marketers set up websites providing helpful information to readers online. This is one of the stablest way to make money online in the long run. The more useful contents you have on your websites, the more likely some of your articles may be indexed on the search engines; hence more people will click onto your websites.
Providing contents will also make your brand more credible in the sense that prospects will view you as an expert in your niche industry and would probably buy your products and services. Hence, find your niche and write good articles around it.
What most content marketers will do, is to add Google adsense or other kind of display ads onto their websites to earn some commissions from the advertisers. If your website is popular, with a decent amount of traffic, you can also suggest to market advertising spaces on your website too.
#3.Â Product Creation
This is the most complicated but satisfying way to earn money online because you are marketing something created by you. Your product can be tangible or intangible.
What you can do, is to think of your unique selling proposition, what you have that is different from your competitors; something which you can market and sell it to the public.
It is ok to create and sell something of your own, so long you do it ethically and treat your online business like a real businessman or businesswoman. Provide prompt support to your buyers should they need your help. Be frank and transparent in marketing your product online; do not over-promise things that you canât deliver. Go for the long term. Go for branding.
If you are good at writing, tell people on your websites, that you can write for a fee. You can also join Elance or other freelancing websites to see if there is any jobs available that required your expertise.
It can be rather time consuming initially especially for beginning marketers. However, this is a good training ground for you to improve on your skills and providing you the funds to expand your online business.
Just remember that it is possible to make money online but it is never possible to get rich quick online. You have to treat your online business like a business, persevere and consistently build your online business with lots and lots of patience.