Discover the 6 Ways to Make Money Online
Do you want to make money while you sleep?
Do you want to be able to work independently?
Do you want to be able to travel more?
Do you want to escape from the 9 to 5 'rat race'?
Do you want to generate an extra income in addition to your job or study?
Do you want more time for your family and friends?
Are you looking for a new challenge?
Something in which you can use your energy?
If you answered YES to one or all of these questions :)
Then this is the SOLUTION simple: Earn money online
Today I am going to teach you what ways there are to make money online.
There are a total of 6 'main' ways to make money online:
Sell software (including apps)
e-Commerce> Physical products
Ads
Affiliate marketing
Coaching
Online courses
What is the best way for you?
Let's take a look ...
Way 1: Software / App
Everyone wants to develop the next Instagram.
Only this model is unfortunately not for anyone.
If you want to start selling software, you must first have the software developed.
This requires a very large investment.
Benefits:
High-profit margins
Can be started from home
With this model, you have the chance to build a serious business and sell it later
Cons
High investment
Not suitable for everyone
High risks
Way 2: e-Commerce
You can start a webshop next to your job or study.
Nowadays you can build your own webshop without investment.
I started a web store in nuts & dried fruit in 2011.
You can easily start a webshop from home.
Within 3 years I had a turnover of 150,000 euros per year.
You also do not have to buy the products yourself, if you work with dropship suppliers.
e-Commerce is a huge growth market.
Benefits:
No investment required
Can be started from home
Suitable for everyone
You can build serious business with this and sell it later.
Cons:
Takes time to build MOMENTUM
You will not see immediate results
Profit margins can be too low (if you sell the wrong product (s)!)
Way 3: Advertisements
You probably know a few famous Youtubers or Instagram influencers.
These people make money with advertisements.
However, you have to have a lot of traffic / views in order to generate a few euro (cent) advertisement income.
Benefits:
Little investment required
From home
Suitable for everyone
Cons:
Takes a lot of time
Need a lot of traffic.
You will have to create new content EVERY day.
You can hardly build a seriously salable company with this.
Way 4: Affiliate Marketing
With affiliate marketing you earn money by selling other people's products.
You get commission for every sale that takes place through you.
You must have a website / youtube / instagram account with a lot of traffic to generate income.
Benefits:
No investment required
Can be started from home
Suitable for everyone
You can build serious business with this and sell it later.
Cons:
Takes time to build MOMENTUM.
Most commissions are only a few euros, so the chance of serious income is low.
Only works in large niches, where there is also the most competition. You need a lot of visitors.
High risk because you depend on other people's products. (external factor)
Way 5: Coaching
As a coach you help people or companies with something you specialize in.
Online coaching is a very broad field: from virtual assistant to SSMA (social media marketing agency)
Unfortunately, few people make good money with this.
The difficult thing is getting new customers / assignments.
The successful coaches I see almost all have high-priced online courses, helping other coaches to gain new clients.
Benefits:
No investment required
Can be started from home
It is a quick way to start your online business.
You can build serious business with this and sell it later.
High profit margins
Cons:
The market is packed with coaches etc.
Everyone tries to sell their service for premium prices.
You must be able to deliver extremely good results. So you can only have a few customers if you want to do this successfully.
You must constantly receive new leads.
You have to manage a lot for new customers, current customers.
Is not suitable for everyone. You have to be able to sell yourself well. You have to be good at sales.
If you don't have a good network, it will be difficult to become successful in this.
Way 6: Online courses
Selling online courses is the best long-term online business model.
It is possible to create an online course for every niche.
Creating and selling online courses requires a lot of knowledge of online marketing.
When selling online courses, it is important that you first build a relationship with your target group.
You will need to start with a blog, community, youtube or instagram channel to build a fan base / audience.
Benefits:
Almost no investment required.
Can be started from home
Takes a lot of time
You can build serious business with this and sell it later.
High profit margins
Cons:
Takes time to build MOMENTUM
A lot of work to set up is a slow process
You must have a lot of knowledge about online marketing
Is not suitable for everyone. You have to be good at something.
So… These are the 6 Ways to Make Money Online
