In a previous article, we discussed how to make money online. We listed several ways to generate an income stream, but did not rank them in order of importance. Now, we will rank the various options from most to least profitable. The list is not in any particular order and is subject to change as the profitability of the different opportunities changes over time.
1. Affiliate Marketing
This is one of the simplest online money making methods because all you need to do is sell someone else’s product or service. You get paid when someone clicks a product link or buys a product that’s promoted on your blog or website. If a customer buys a product after reading your content about said product, you’ll earn a commission. Typically, you can put up a good-looking website with a blog attached for free, and you’ll start generating sales almost immediately. Some of the most popular affiliate platforms are Amazon, eBay, and Etsy. Plus, you can choose from thousands of affiliate products to promote from many different brands.
When choosing affiliate products to promote, be sure to examine the popularity and demand of the products you are considering promoting. Popularity is determined by looking at the number of page views and/or downloads a product gets on average each month. Demand is measured by the number of people who are looking for the item or service you are promoting. If you can create high demand for an item with little popularity, you can make a lot of money fast. Also, make sure the products you promote are relevant to your target audience. Otherwise, you’ll lose potential customers and potentially make less money.
2. Start an Online Store
If you’re looking for an easy way to make money, you can try selling your own products online. You can use platforms like Shopify, Big Cartel, and Woocommerce to create an online store. With these platforms, you can set up a professional-looking store in minutes. You don’t need a huge inventory as you would with a physical retail store, and you won’t have to worry about shipping charges. Plus, you can start making money almost immediately. You’ll just need to learn a bit about marketing and e-commerce to get the most from your venture.
3. Start An Online Real Estate Agency
If you’re looking for an even easier way to make money, you can try becoming a digital real estate agent. There are several platforms that allow you to do this, but you’ll mainly need to learn about searching and displaying available properties. You can sign up with real estate platforms like HomeAway, Trulia, and Zillo to begin your career as a digital real estate agent. You’ll need to learn how to properly search for properties based on your needs and goals. Then, you’ll need to learn how to market and display those properties to potential buyers. You can find lots of information and free training on the internet to get you started. Just like with any other online business, it’s all about learning and applying what you’ve learned.
4. Sign Up For A Paid Survey Service
Surveys are a great way to make money online because they pay you to take them. Some of the more popular paid survey sites include Survey Junkie, Swagbucks, OneOpinions, Ipsos iSay, and Ipsos iSay Pro. You’ll need to make sure you’re performing the tasks they ask you to complete, which can range from simple questions to complicated role-playing simulations. This is one of the easier ways to make money online, especially if you want to get started right away. Just need to learn the ropes, get a survey account, and you can start taking surveys for cash.
5. Start An Affiliate Marketing Site
If you’re looking to make money online, you can create and promote your own affiliate marketing websites. The first step is to choose a niche and create compelling content about. Once you have a sizable audience, you can begin promoting products and making money off affiliate marketing.
6. Start An Online Cafe
If you’re looking to make money online, you can create and promote your own online cafe. An online cafe is simply a place where you can come together to socialize, share information, and make purchases. You can choose which products to promote and what kind of vibe you want the space to have. There are lots of different ways to monetize an online cafe, but you’ll need to learn a bit about marketing, economics, and technology to make it happen. This can be a great way to make money online if you want to try something new.
7. Start A Blog
Blogs are quite simply the darling of the internet. Everyone loves to read them. If you want to make money online, you can start a blog. There are several different ways to monetize a blog. Some of the more popular ones include:
- Advertising
- Affiliate Marketing
- Comissionable Offers
- CPA Marketing (Cost Per Action Marketing)
- Product Reviews
- VLogging (Video Blogging)
- Tastefully Simple Traveling
Just remember that building a blog is a lot of work, and it’ll probably take you a while to begin seeing any income. This, coupled with the fact that you’ll need to learn a lot to succeed, makes it a rather high-risk/high-reward venture.
8. Start An Online Store With Dropshipping
If you’re looking for an even easier way to make money online, you can try dropshipping. With dropshipping, you don’t need to run your own online store to be able to sell your products. You simply need to find a supplier who will ship the products directly to the customer. For instance, if you’re a fashion brand, you can find a company like AmelieKL that will take care of everything involving fashion and shipping.
If you’ve decided that this is the route you want to go, take some time to learn about the different methods and work with a company that can get you started. You’ll eventually be given the choice to choose your own products and decide what you want to sell, but for now, you can follow the instructions they give you and begin generating sales right away.
Which of the above methods of making money online seem most appealing? Let us know in the comments below. And if you’ve managed to make it this far without losing hope, be sure to check out our ultimate guide to making money online. From choosing the right niche to making money from surveys and affiliate marketing, this guide will tell you exactly how to generate a passive income stream online.