From online gambling to selling ‘Miracle’ pills, there are lots of popular
get-rich-quick, lucrative thoughts that in every case spring up. Do they really
work? Not exactly.
The truth is that there are numerous ways of making money online – millions of
people are doing it day by day – right from work-from-home freelancers up to
savvy marketers or even rising entrepreneurs – there are lots of business
thoughts one can consider so as to make money online particularly now in 2020.
So, let’s focus on some of the major and popular ones in particular.
1. Affiliate Marketing
Throughout the years, affiliate marketing’s popularity has gone up and down
but it continues to prove to be a stable way to make money online. It is a
process of earning a commission by promoting other people’s (or company’s)
products. You find a product you like, promote it to others and make a profit
for each sale that you make.
You can practically promote any products which you think is profitable – from
e-products (such as e-book, information product, software, services, etc.) to
physical products (such as e-commerce products, etc.)
What are the best ways to make money online using affiliate marketing
The most common and reliable method will be to focus on content marketing
by creating a marketing funnel with enticing headlines in
order to ‘hook’ people into reading the informative and persuasive product
content, and ultimately buying the product.
In the event of an affiliate program shutdown, you can always switch to
alternative products without negatively impacting your business. However, the
down side will be to always stay alert and keep updated from time to time the
shelf life of the affiliate products.
Blogging is by far one of the oldest methods for making money online. People
who love writing tend to start blogs with a niche focus. However, blogging can be
very broad so that it covers a lot of grounds, such as if you expand into
e-commerce, education & training related categories, etc.
Blogs can come in several forms, whether in article form (the most common),
news blog or even video blogs.
When you start a blog, there are many ways you can monetize your business.
Focus on specific keywords of your business niche which optimize for Google
Search, ie. Search Engine Optimization (SEO) which allow you to build massive
exposure in the long runPromote affiliate products in your blog by placing
affiliate links in your articles, strategic ads (Google Adsense, PPC & CPA
offers, etc.) within your websitesSell your own products (digital or physical)
within your website if you have oneSponsored posts can help to make money from
specific brands if you make review blogs
3. Drop-shipping in
Drop-shipping – being a business model where you sell a product to a
customer, but the supplier stores, packages, and ships the product to your
customers on your behalf – is growing popularities among e-commerce online stores thus
highlighting its viability as a way to make money online.
There has been numerous success stories on online store owners making
six-figure-income just by selling only one product, and young entrepreneurs
making more than $10,000 in less than 4 weeks, etc.
However, the high and inconsistent shipping cost (particularly during current
Covid-19 pandemic era) poses some challenges to the e-commerce business to some
extent as well.
What are the best ways to make money online via e-commerce platform?
The most popular ways are through Facebook Ads/Marketing, other Social Media
Marketing platforms like Youtube, Pinterest, etc.
Print-On-Demand has been picking up pace to be another popular option
especially for graphic designers as more are turning to the business model to
sell their designs on clothing and other related products in order to better
monetize their art works.
Besides having the same advantage as drop-shipping for not needing to carry
inventory or ship out products to customers yourself, print-on-demand carries
certain advantages over general drop-shipping, ie. you can add branded labels
on the packages via its unique designs, therefore can further create a better,
consistent and established brand for their business.
What are the best ways to make money online via print-on-demand?
The best bet would be to promote products through free marketing channels, such
as Instagram, Pinterest and Youtube.
5. Online Course
Sharing or providing knowledge is another method of making money online by
way of providing online courses. You can monetize your expertise and knowledge
on any specific subject by either creating online courses in your own website,
or selling your online courses on popular third party portal, such as Udemy.
In order to create a successful and profitable online course, the best bet will
be to learn from existing online courses of similar niches by going through the
reviews and comments. By focusing on what people generally expect and avoid
what people generally hate will definitely help you creating a better and much
effective online course in order to solve people’s problems in the specific
If you are running online courses from your own website, what are the best way
to promote your business online?
The most direct and effective way is to run ads to promote your course for the
first time via social media platform, such as Facebook Ads, Instagram.
The secondary method will be to build an email list by
collecting leads so that you can continue to promote future courses to the same
groups of audiences.
6. Building Brand Name
Building a personal brand name can help you making money online. People like
celebrities, singers, pop stars, athletes are good examples of big time
However, it is possible to still start off as small-scale influencer by
starting to build a massive following right away. The most common and easiest
platform for you to do this will be Twitter, Youtube and Instagram where most
of the non-celebrity influencers gained their exposure from.
There are so many ways you can make money as an online influencer, such as,You
can charge for sponsored posts, speaking gigsCreate own online store brand to
sell productsGet paid as a brand ambassadorSell your photosSell ads on your own
podcastCreate and sell a book
Press. This is your first post. Edit or delete it, then start writing!