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Is it Easy to Make Money Online?
The Internet is filled with promises of making money onine with little work. Buy this or buy that and you’ll get rich.
Do you know that 95% of the people starting out in their internet businesses fail? That number may be as high as 97%.
In the middle of all the noise and hype on the internet today, not many people realize that all the ideas and techniques you can find are useless if you don’t first understand what your business model is or how are you going to make money on the internet.
Even the most remarkable internet marketing technique will not work if you don’t understand how to apply it to your business.
I’ve been making money on the Internet for many years. and now live what some call a Dot Com Lifestyle. As I write this post I am sitting at my home office in California, overlooking the ocean. The local temperature is mild with clear skies and bright sunlight. The forecast for my east coast hometown is not pleasant.
I work when I want and from where I want. All I need is an Internet connection. My wife and I travel far and wide…whenever we want. Here’s a photo of an Internet cafe in Egypt I used to do some business while traveling in that wonderful country.
You, too, can enjoy the benefit of making money online. Whether you want to travel or just enjoy where you live with more money in your pocket at the end of every month an online business is life-changing.
There are many ways to make money online. Here are three common starting business models:
1) Affiliate Marketing
Perhaps the most popular one out there, affiliate marketing provides a good start for newbies. Almost anyone can sign-up for an affiliate program for free and start promoting the chosen product or service.
Commissions start coming in if someone will buy or participate in the programs promoted. Affiliate marketers don’t carry any risk, since they do not pay for the creation of the product, they do not handle customer service, and they need not know the innards of internet transactions, like merchant accounts, autoresponder like AWeber, reciprocal linking, etc. It’s also possible to be an affiliate even without a website.
Some affiliate marketing programs you may participate in require little up-front investment. Some are free. It’s no surprise therefore that almost everyone and their neighbor promotes an affiliate program or another. In fact, if there is a single reason why the Internet today is so proliferated with ads and banners, it’s because of affiliate programs.
With the millions out there involved in affiliate marketing, only 3% to 5% ever make any money and only 1% make really big money. The “Super Affiliates,” so they are called, do it very differently from the rest, therefore they earn the big checks.
2) Writing an eBook or other type of information product, recording an information CD.
This is a great strategy because there are thousands of possibilities for the type of product that you can create.
There are so many niche markets that you can write about. It could be a course on Japanese gardens Or how to start your own babysitting business. Whatever you know it is easy to turn knowledge into a book. There are endless topics and still many that have not yet been explored by online marketers.
You don’t even have to write the information yourself, you can get a ghost writer or hire someone to produce the CD. Click here and explore Fiverr.com. Fiverr is an inexpensive way to connect with freelancers around the world. Need a logo? Or an opening to a podcast? Perhaps you need someone to set up a website. Or solve a technical problem. Fiverr is the place to go.
A fast way to write an eBook is using Sqribble. I use Sqribble and highly recommend it. Here’s a book I published in 2021 using Sqribble. Click on the image and download a copy.
You can write an eBook and sell it on Amazon. Amazon provides formatting software free because the company needs the product for its Kindle line of products. There are several tactics for selling an eBook on Amazon. One is to offer your book at no cost for two weeks or so, trying to get people to download it and write brief reviews.
When you have a couple of favorable reviews you can then price your book to begin making some money. A popular method is pricing the book at $2.99. With every sale, Amazon retains $0.99 and you get $2.00 for as long as the book is offered.
3) Sell What You Own
I got started making money online by selling stuff I owned and didn’t need. Go through your storage area. Pick out things you no longer use. Then sell them online. There are many ways to do this.
Google sell my stuff online and get many, many articles on how to do it. My advice is to make the most money and sell things that are lightweight and valuable.
Wrapping Up
If you want to make money on the Internet do some research. Learn from the people who are successful. Do not be taken in by buying ‘secrets’, silver lining software programs that generate money while you sleep, easy methods requiring no skill or knowledge, or any other promise of quick wealth with no effort.
You always have to work at your business to make money online. Some people are not ready to run a business, but anyone who follows simple guidelines and employs proven methods can.
No matter which model you choose, make sure you understand the basics. Stop buying courses or information not applicable to your business. Information overload can stop you before you even get started.
Visit joearo.com and look at the articles. There are more than 250 covering various aspects of making money online. Sign up for free premium membership to my blog and get information and offers not widely available.
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