7 Legit Ways To Making Money Online
Seven legit ways to make money online. I think when it comes to making money online, most people they make it so complicated. They make it so many steps, and so many business models, and so many different strategies, and different tactics.
Today I’m going to give you some clarity. So seven legit ways to make money online.
What Is E-commerce
Way number one and that is ecommerce.
Ecommerce I’m referring to selling, let’s say on Amazon, Shopify. You’re selling a physical product, maybe you get it from China, you get it from Alibaba, even when you’re selling products on eBay, right?
That’s the ecommerce business model. It’s one of the most profitable business models online. However, it also is the one that requires you the most amount of capital and experience. Now you’re dealing with customer service. You’re building a team, you’re fulfilling the product.
You are dealing with the image, the photo. You’re driving traffic, maybe through the search engine. You’re doing paid traffic. You are trying to tweak your ecommerce site so that you get more sales, right? And then maybe you do some affiliate deal. But your margins are usually not very high because you’re selling a physical product. A B2C model, business to consumer.
So what it means that you need to sell a lot of volume in order to make any significant amount of money.
What Is Drop Shipping
Second legit way to make money online and that is drop shipping. Now what if you don’t have a product to sell? What if you don’t have a lot of money, a lot of capital to get started, then what do you do? Well drop shipping is another model.
There a lot of people making a decent amount of money with this model, Now with this model, you’re basically working with a wholesaler or a distributor, where they have all the products and they would do the fulfillment.
What you do you, you’re actually acting as a marketer. You’re driving the traffic through social media, email, marketing, your website. You can set up like a virtual storefront where you take the order and then you send the order to a wholesaler or a distributor, they would ship it for you.
Typically, they would charge you money, and sometimes they charge you kind of handling fee, could be a $2, $3 or $5. And that’s how you make money. Now, your margin is very thin, because you’re selling one item at a time.
You have to be very careful knowing how much you can spend to acquire each customer, to drive traffic. How much you can spend to acquire each visitor to your website.
So your metrics, you have to know very well, because this thing, you could spend a bunch of money, and if you don’t make those sales, you’re the one that’s taking the risk.
The wholesaler, the distributor, there’s no risk, right? They only fulfill a product when you make a sale. So as a marketer as a drop shipping business model, you’re the one that’s doing all the marketing, you have to front end a lot of marketing costs, and you only get paid after you make a sale.
What Is Affiliate Marketing
The third legit ways to make money online and that is affiliate marketing. I love the affiliate marketing model.
Now, what’s beautiful about the affiliate marketing model is you’re acting as a middle person. It doesn’t require you to have your own product, you can choose a handful of good products that you believe in, and you don’t have to deal with the inventory, you don’t have to deal with the fulfillment.
All you need to focus on is being a good middle person to sell these products online. And you can test different traffic sources and you can pay traffic or free traffic, drive them to the affiliate offer and from there, that’s it.
And you measure and track the performance and then you’ll be able to get a commission check every single month. Even products you promoted years ago will sell in the future if you have done your work properly.
So I love the affiliate marketing model, but there’s one catch. In order to be a good affiliate marketer, guess what? You have to be a good marketer. You have to know what you’re doing in terms of doing online type marketing.
You have to know what is it that you are working on. It is not an easy thing, but it is easier than other types of ways to make money online.
What Is SaaS
Legit way to make money number four. And that is, SaaS, or software business. Now, software business is a huge business online. It is a model that is absolutely scalable if you know what you’re doing and you can see companies making millions of dollars.
I’m talking about Infusionsoft, it could be ActiveCampaign, it could be GoToMeeting. It could be even hosting, tracking software, a software that solves a problem in the marketplace.
Now this model, why this is so powerful, it’s because it doesn’t matter if you sell that piece of software to one customer or 10,000 customers, it is the same product that gets replicated that many users can use at the same time, and that’s why it’s such a powerful business model.
And when it comes to technology now, you can hire developers, you can hire programmers to develop those software for you. Problem is, a software not done right, you could burn hundreds of thousands of dollars or more before getting a return.
But if you know what you’re doing, software on the internet absolutely one of the most powerful ways to make millions of dollars online.
What Is Google AdSense
Number five. Google AdSense.
Google AdSense is an advertising program that allows you to run ads on your website or blog or YouTube videos. And you get paid when visitors click on them. The ads are generated from businesses that use the Google AdWords account.
With Google, you need to have a lot traffic. Maybe you can create some kind of blog, maybe it’s a YouTube channel, but you need a lot of visitors to make any significant amount of money.
The good thing is, it’s free to join. It doesn’t cost you anything to join. But the downside is you need to create a lot of content in order to create a decent amount of income or to maintain a good income.
It’s one way to make money, but it’s not as good as it used to be.
What Is An Expert
Legit way to make money online number six, and that is what I call the expert business. Now we’re talking about packaging your expertise, your skills, your knowledge, your passion into some kind of product.
I’m talking about online courses, I’m talking about training programs. I’m also talking about services that you could provide. Maybe you are a digital marketer, you are running a social media agency.
You are doing any types of programs that enhance people’s business, enhance people’s lives. That’s what I call the expert business.
Do You Want To Be An Expert In Your Business? Then I HIGHLY Recommended Legendary Marketer!
Put It All Together With YouTube
Number seven, the last legit way to make money online, and that is through YouTube.
YouTube could put everything together for you. Let’s say you have an ecommerce business, you could create demonstration videos and upload them to YouTube and in the description you can drive all the traffic back to your ecommerce site. You can do also tutorials teaching people how to use your products on YouTube as well.
Or if you’re in the drop shipping business, it is the same thing, you can have various keywords, different types of videos on YouTube that people are searching for right now. And they watch the video, they like the product and then click the link and they could go to your website, your virtual storefront and buy from you. And then when you get an order, you can send that to your wholesaler and they can fulfill the order for you as well.
And remember, we also talk about the affiliate marketing business. Now, because the affiliate marketing business it’s so competitive, it’s not just you as an affiliate promoting that particular offer, that particular product.
One of the ways you can make yourself stand out instead of just driving traffic to the offer directly, in between you can drive them to your email list. Where you are educating informing your potential buyers, through YouTube, through videos, through content, building that trust.
And then once they want to learn more about it, they click on a link, and then they could buy your affiliate offer as well. AdSense, you can combine that, obviously, with YouTube because Google owns YouTube.
YouTube is using the Google AdSense platform, The expert business, software, if you want to reach a mass market very quickly, you can easily run ads on YouTube.
And giving away maybe a free trial, for your software and from YouTube they can see it, you can reach millions and millions of people just like that. And from there, you can get a lot of users. Even you want to test out the product, you want to see how you like your software, that’s one way to do that.
And that’s why I think YouTube, if you have a strong YouTube channel, you can combine all these ways of making money into this one thing. If you have a strong YouTube channel you will enhance any of these revenue streams that you have right now.
Before You Leave…
This will complete the post. I hope you have actually discovered a bit more about this opportunity and can make a much better decision whether this service can assist you and your financial resources or not.
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