The Internet has become increasingly important in our life. Finding ways to earn money online has become a constant in becoming more popular every day. The easiest way to earn money is the traditional way: getting a menial, boring and repetitive job.
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Is it possible to live on passive income?
Yes, it is possible, but it is not available to everyone. People live off their affiliate commissions, Google Adsense, the dividends paid by the shares they have bought, the rental of their properties, etc.
How to make money fast online? That will depend on the capital you have to invest in creating a business, hiring employees or freelancers, and investing in advertising as well as your level of competition.
Having some kind of digital aptitude will help you start your own business or work as a consultant and freelancer.
What products can I sell from home? Clothing, personalized t-shirts and mugs, products from China, Poland, and Turkey, handicrafts, online courses on a subject you master, Amazon products with its affiliate program, software, and programs from multiple companies that pay a commission for each sale made, etc
Ways to earn money online:
There are three main routes you can choose from:
Sale of products, services, and consultancies in an area you master or work remotely with a contract or freelancing.
1 – The sale of products can be physical or digital. In the case of physical sales, you have the option of stocking a product or sending it.
In digital sales, we are talking about software, courses, ebooks, and products that, when selling them, you get a small commission (affiliates).
2 – The services and consulting do not usually require investment to start as the previous point, but these depend on the other hand on your expertise in some subject.
Do you master any type of marketing? Can you increase the business turnover with your knowledge of neuroeconomics or reduce expenses with optimization and growth hacking strategies?
3 – If at the moment you are tight on money to invest in a business and you still do not have the aptitude and competence to help other companies. The remaining option is to carry out some type of remote work such as customer service, eCommerce management, content writing, text translation, graphic design, gigs (micro-services), etc.
Method # 1
Sale of physical and digital products
There are many platforms to start selling your products online.
Online store.
Creating an online store opens up the possibility of managing an online sales service platform.
Amazon.
The platform of one of the most powerful online sales sites in the world. Selling on Amazon is owning our online retail store. We must bear in mind that our site will belong to Amazon, but it will allow us to store our products in its warehouses.
Prime customers have free 2-day shipping, which has been shown to increase sales significantly.
Custom products
Buying generic items such as mugs and T-shirts can be an option to sell online. We will always have our available stock on hand, and the profits will be entirely for us. We will not have to worry about paying sales commissions as it happens with external platforms.
Affiliate Marketing.
A commission will always be an incentive to sell online. Affiliate marketing is about promoting products from other companies, and each time a sale is made, we will receive a proportion of the profit. Advertising external products through our website give us the possibility of monetizing without leaving our chair. We will only have to wait for the items to sell, and we will receive a guaranteed commission.
Courses.
If you have something valuable to teach, charge for it, online courses are a good way to earn money online. They are a source of income considered one of the most effective above other ways to earn money online.
Method # 2
Services and consultancies
Some tools can enhance our websites by making them more visible to people and increasing our sales possibilities.
Copywriting.
A suitable text can attract visitors to our website and make them interested in our services and products for sale. Having adequate advertising copy is a great way to optimize our website. We simply have to make sure we have good spelling, impeccable writing, and a little knowledge of the proper techniques to promote and sell our products.
If your passion is writing and you are good at it, you could start to make an extra profit by helping businesses create better sales publications.
Email marketing.
Emails are the most powerful tool to earn money on the Internet. A newsletter embedded in our website will allow us to obtain a mailing list of people who subscribe to our services. Email marketing may seem complex, but there are sites like MailChimp, ConvertKit, HubSpot, and AWeber that make it easy for us to get started on this path.
Facebook ads (Facebook ads).
Boosting our sales with Facebook ads is one of the fastest ways to generate income online. We can sell any product through social networks. However, we must take into account what people want and start from there.
Ads are an investment, and spending a lot of money will not guarantee you earn more money. The key is to create advertising campaigns properly and provide a solution to people. Facebook ads will be our brand’s driving power, and it will allow us to make ourselves known to people and indicate that we have what they need. Many people are making money helping businesses understand how Facebook ads work.
SEM (Search Engine Marketing).
The key to becoming one of the first places in Internet search results.
The SEM gives us the possibility of paying to place ourselves at the top of search engines such as Google. It is proven that the first three places in the search results have more opportunities to receive visits to their pages. With the SEM, we basically “trick” the system to position ourselves.
SEO (Search Engine Optimization).
Unlike SEM, SEO is the way to position our website with keywords to obtain organic and free clicks. SEO is about making search site algorithms happy to meet the requirements and position us on their first pages. It takes months of effort as it takes a lot more than just ranking for random keywords and links to get to the top pages of search engines.
SEO is a great way to drive traffic to our website, which is why marketers claim that improving SEO and growing a company’s organic presence is the top priority.
Conversion optimization.
Optimizing our conversion rate on our website is one way of ensuring that the number of people who will buy our products will increase.
When we open an online business, our conversion rate is very low, and although we have many visits per day, we will not be making what we want. Conversion optimization will allow us to double that rate and increase the possibilities of sales.