Making money online isn’t as easy as it sounds. It requires expertise, patience, and skill on any online money-making venture you choose.
In addition, Before thinking of making money online, you must put into consideration how you intend to make money. You can make money by selling products, rendering services, referring people, and earning commission from their purchase.
Remember, there is no lazy man’s approach to earning a dime on the internet.
I am going to show you some ways to make money online in this article.
1. Online Retailing (Ecommerce)
Ecommerce is the activity of buying or selling goods online. You can sell your items using online platforms such as eBay, Jumia, or Amazon.
In the eCommerce business world, goods are bought at a cheaper price and sold online at a profitable price. You do not necessarily need to have your own eCommerce website; You can leverage existing platforms such as those listed above.
What can I Sell?
There is no limit as to what you can sell online. You can visit online shopping websites to see what kind of items are in demand.
How Does This Work?
(1)You think of fast selling items
(2) You then source for the items wherever you can
(3) Create an online store with any reputable eCommerce platform in your local area and start selling.
However, you can purchase items at very affordable rates on Asian websites such as https://www.alibaba.com/, https://www.1688.com/, and some others.
Example : You buy wristwatches from 1688.com at an equivalent of $7 (shipping inclusive). Upon arrival, you list the item on your store created with your eCommerce platform with very good images and product descriptions. You can decide to sell at $12, making a total profit of $5 on each item. Do that for 100pcs of that item and see how $500 strolls into your bank account with ease.
Know more about this business: Mini Importation
2. Freelancing
What exactly is freelancing?
Freelancing is an act of rendering service remotely for companies or individuals without necessarily being on their payroll. Freelancers usually earn money on per job basis. This type of internet money-making skill has to do with selling your skill to firms or individuals in need of it.
How do I sign up as a freelancer ?
There are freelance platforms out there that link freelancers up with people who need their service. Some examples of freelancing platforms are : https://www.fiverr.com/, https://www.upwork.com/ , https://www.peopleperhour.com/
Obviously, you need to signup with them and list the skills you have. i.e Graphics design, Article writing, Digital marketing, Radio jingles … Each time someone searches such a platform for your skills, your profile along with others pops up. Freelancers earn as much as $2200 monthly by working on various platforms
3. Affiliate Marketing
In affiliate marketing, you earn for every person you refer to a website or sales page. How much you earn depends on what actions are specified in the referral program. You can earn on a cost-per-action basis or for every action your referral makes.
How does this work ?
You sign up for an affiliate program with any website offering such. After this, a unique URL or script will be generated for you. With this URL you can direct people from your social media pages to perform certain actions and you get paid.
Secondly, use the Amazon referral program as a case study; After indicating interest in their referral program and completing their registration process, you will be sent a link that you can embed on your website. After this, Amazon adverts for the categories you selected will be displayed on your website. Each time someone places an order for the items displayed on your website, you earn a commission after a successful transaction.
Without a doubt, affiliate marketing has been one of the best ways of monetizing a website. There are several affiliate websites on the internet. i.e click bank, amazon, jvzoo …
4. Blogging
A blog is a micro-website for discussions, sharing of knowledge or information dissemination. Blogs are made up of pages and posts. Every new post in a blog sits atop the page while the older posts are moved downwards. Blogs can be created using platforms such as : Blogger.com, WordPress, joomla, e.t.c.
Also, Making money from blogging requires a lot of patience and good traffic. Some examples of successful blogs are: Huffington post, Tech crunch, Linda ikejis blog, tree hugger, e.t.c
How do I make money from blogging ?
You can make money online from blogging by monetizing your blog using either a Cost Per Click program like Adsense or an Affiliate marketing program. By using Adsense, Google places ads on your blog. Each time someone clicks on the ad; you earn a commission.
Also, blogs can be monetized using affiliate marketing programs such as amazon, click bank, Jvzoo, and some others.
