How to Make Legit Money Online

There are many ways to make money online, but how do you determine what is “legit” or “scam-worthy”?

Many affiliate marketers will try to sell you the dream that making money online is easy. They will tell you that there is a gazillion dollar market out there and all you need to do is get online and get clicking!

While there is some truth to this theory, it is certainly not the whole story. To be able to succeed as an affiliate marketer, you need to understand how the scam-detection system of the major social platforms works, how to spot affiliate marketing scams, and how to make money online genuinely and legitimately. Let’s dive in.

How to Make Money Online Legitimately

There are several ways you can make money online legitimately, but before we get into that, let’s establish what exactly makes something legitimate or illegitimate. Legitimacy depends on a number of factors, including how and where you are doing business, what business you are in, and how you are conducting your business. In addition, your customers and clients should also factor in to this discussion.

Something is considered legitimate if it meets the following criteria:

  • is clearly marked as such (brand names, logos, etc.)
  • is clearly the product of a legitimate business (i.e., a company that is licensed to do business where you are located)
  • is operated in good faith (no illegal or fraudulent activity)
  • does not involve the misrepresentation of others (i.e., no cheating others in order to make a profit)
  • is independently owned and operated by a company or individual who is able to provide reliable services (this is more of a legal requirement than anything else)
  • does not require extreme efforts to make a profit (e.g., pyramid schemes, spamming, etc.)

On the other side of the spectrum, you have illegitimate businesses, which are those that don’t meet the above criteria. An example of an illegitimate business would be a company that is registered but not yet located in a state where they can legally operate (i.e., not registered as a corporate entity in the state they are operating in).

Now that we have that out of the way, let’s discuss ways you can make money online legitimately.

Get a Visa

One way to make money online legitimately is to get a visa. A visa gives you the opportunity to do business in another country, so if you are located in the UK and decide you want to try your hand at online selling, you could potentially set up shop in one of the other EU countries that have a trading agreement with the UK. Doing business in another country without a visa can sometimes be difficult, so having one really helps. One of the best ways to get the most out of a visa is to use a specialist visa consultancy, like UK Trade & Investment (UKTI). By working with them, you get to keep all the legal documents and work permits you need in case you decide to go ahead and make the move.

You should also look into the foreign trade zone (FTZ) scheme, which allows you to establish a company in another country without worrying about legalities. The catch is that you have to physically set up shop in a designated area in the other country. This scheme was designed for companies that want to conduct business in a specific country but don’t want to set up shop in that country. Having an FTZ allows you to save on costs incurred from setting up a company in a non-designated area. It also means you don’t have to comply with all the local regulations, which can be a hassle (e.g., registering with the government, etc.). You can operate an FTZ company from anywhere in the world.

Set Up Shop

Another way to make money online legitimately is to set up shop. This means creating a physical presence in another country in the form of a website or mobile app. If you want to do this, you will need to consider a few things. First, make sure you have the right location in mind. If you do, great! You can look for property online that will allow you to lease or buy a warehouse that meets your needs. Next, you will need to decide how much you can spend on setting up shop. You can get a small office or a desk, but you will need more impressive furniture and technology if you want to set up a legitimate business. Buying a complete computer system with a docking station and a 19” monitor can set you back a five-figure sum. Remember: you are starting a new business, so you will need to invest in this. Last but not least, you will need to consider what type of business you want to start. There are countless ways you can make money online legitimately, but sticking to one method could potentially bring in higher profits.

Sell Online

One of the most popular ways to make money online is to sell products or services online. Essentially, you will be carrying out some sort of marketing or sales operation via the internet. To be able to do this, you will need a reliable income source, a good credit rating, and a disposable income (this last point is highly recommended).

Now, you could literally do this from the comfort of your home. In fact, many home-based businesses promote themselves as “digital nomads” because they travel across the globe and set up shop wherever they please. There are definitely pluses to this work-from-home job that doesn’t require much in the way of investment. All you need is a good internet connection, a computer or laptop, and a stable wifi signal. You can also use online marketplaces like Amazon MWS or Clickbank to sell your products. These are really popular platforms and if you want to give it a try, go for it!

However, if you really want to make money online, it is advisable to look into setting up shop in a physical location somewhere. This is where the real money is and if you want to make a real go of it, you will need to consider how you are going to fund this entrepreneurial leap. One way to do this is to sell your products or services online and the other is to get a loan and/or invest in your own business. Whatever you do, make sure you do it legally and from a position of strength. Good luck out there.