Earning money online is the dream of many online entrepreneurs. You may not have any business idea or any money to start your own internet business but you still want to find ways that you can bring in a monthly income on the side. There are thousands of people who work from home just like you if you want to find a way to make money online. In this article, I am going to share with you some tips that you can use in order to achieve that goal.
Make money online on a budget
Sometimes the driving force of wanting to know how to make money online is the fact that we want more money. That’s not the only benefit of course. Being your own boss also gives you freedom to work from anywhere in the world and spend more time doing the things you enjoy.
Assuming that money is an important factor in deciding to work online then you will want to keep your costs as low as possible. Later on in this article are recommendations for the best free resources for making money on the internet.
If you use the free sales platform, free training in how to get traffic and claim the free solo ad mailing you will have much of what you need without spending a dime.
One of the first things you need to do if you want to make money online is to decide what you want to sell. Some people make their online income by selling their own products, others sell as affiliates and there are others who make their money by selling services rather than a product. I personally enjoy affiliate marketing but there are also many other people who make their income by selling their own products online.
Essentials for earning money online
Start an online side hustle
The first thing to say if you have never worked for yourself before is to start slowly. There really isn’t any need to quit your day job. I know you are excited and convinced you are the next Richard Branson or Steve Jobs but it makes more sense to start part-time.
Perhaps you have a vision for the future and have identified a product or service that the world needs. That is great but many people make money online without having that advantage. But what is important is that you are willing to research and learn.
It can take time to get everything set up and making a profit. Starting an online business can be stressful at the best of times. It makes no sense to add to the pressure by giving up a stable, guaranteed income before you need to. Many entrepreneurs start to make money from home by working part-time in the evenings after their day jobs or at weekends.
Be realistic about the resources you have available in both time and money. You can scale up as your side hustle becomes more successful. It is always best to start small and go up from there.
The biggest mistake that many people make when they are trying to become a successful internet entrepreneur is they expect to make a huge amount of money immediately. If you expect to quickly replace your salary from your day job you are setting yourself up for failure.
You need to dedicate time to each and every aspect of your business so that you can make a profit. This means that you should not quit your day job until you are making enough money to cover your essential outgoings.
Identify a target marketThere are no products that are suitable for everyone, but every product is suitable for someone.Click To Tweet
I can’t remember who said that but they were definitely right.
You don’t want to be trying to sell everything to everyone. Identifying a targeted group of people that you want to serve is as important, if not more so, than choosing a product.
People want to buy from specialists. You need to become a trusted advisor to those people. This also has the advantage that you are competing against less of the huge sellers online.
Having a specific group of people also gives you the chance to build a community and sell related products to them in future. When you market online you have billions of people available to attract these people from.
You want to build a long term relationship with your customers and your prospective customers.
Be found online
Once you have identified a way to make money online you will have a better idea of what sort of web presence you need.
If you are going to sell physical products there are several options. If you are a crafter and want to sell home-made products then Etsy would be a good choice. On Etsy you will encounter browsers so you won’t have to worry quite as much about driving your own traffic. For most of us selling a home-made physical product is not an option as we are not creative enough.
Selling digital products is a popular choice for those new to making money from home. To do this you will want to build a funnel to collect leads and market to them.
If you are going to sell physical products by a dropship or wholesale system then again you have options. Until recently Shopify would have been my recommendation. It is a well known shopping cart but has a monthly charge. If you start to add extra apps to it, that can really start to add up.
My recommendation now is Groove Sell. 130,000 people have switched to GrooveSell this year.GrooveSell - the powerful shopping cart and affiliate platform is offering FREE access for LIFE.Click To Tweet
It’s a full shopping cart which also includes GrooveAffiliate. This has all the features you will need if you want to recruit affiliates for your own offers.
This offer comes from Mike Filsaime, a highly respected marketer behind the company. It’s not a lite version of something that they are then going to pester you to upgrade. This is the full blown software. You could pay in excess of $99 a month for an equivalent product.
You don’t need to enter a credit card so you know there is no funny business. I would give it a try and I am sure you will be impressed. Plus keeping your monthly outgoings low is essential when you start out online.
Making money online – it’s not easy but it’s worth it
If you are going to make money online you are going to need the energy and commitment to keep going when things don’t work out as you hoped. Every business has setbacks and you need the drive to persist, deal with any issues, learn and improve. This is what sets the successful entrepreneurs apart.
Even Bill Gates had two failed attempts before he created the successful version of Microsoft.
If you start an online venture and it doesn’t work out the first time, that is not a reason to quit. You need to learn the lesson, make changes and go again.
How to get traffic to make money online
So you have identified a target audience, chosen a product/s to market and built a shopping cart to sell from. What else do you need for earning money online? Well, you need that target audience to know you exist and turn up in droves to pay you money.
The first thing you need to do is find out where they are so you can put your offer in front of them. Perhaps they are on social media, or forums or if you have a product that answers a very specific question, they may be searching online.
There are basically 3 ways to get traffic we identified previously; you can buy it, borrow it from another marketer or build it yourself. I suggest you join the free traffic training here. You can even get a solo ad mailing from a top marketer for FREE.
In order to make money online you should keep it simple. If you try too many things that you are not sure of, you will only confuse both yourself and your prospects and risk losing them altogether. When you are new to internet marketing, you should not attempt to use all the tools available in order to build an internet business.
FOCUS on one thing and master that before moving on to another. This applies to your offer and to getting traffic. Master one source of traffic and get that profitable before trying another.
When it comes to creating a product, go for one solution to one problem.
Earning money online is going to take some time and it is going to take some determination. Don’t be fooled by the bright shiny objects that promise you untold riches at the push of a button. The secret is that you have to really want, and commit, to make money online in order to succeed. You have to be committed to earning money online because you will have setbacks. But… it will be worth it. Learning to make money from home will give you freedom to work from wherever you want.