I often get asked, “how can I make money online?”, so here it is: 5 ways to make money online!
Flipping is a great way to make money, buying for cheap and selling for more is a great way to make money. With the use of the internet it makes this process even easier, going onto Facebook marketplace or Craigslist and getting free items that people no longer want/need and selling them is instant profit. In addition to looking online, thrift shops and charity shops are also a great place to find some items to sell, these shops are usually full of cheap items that have a lot more value than what you purchase them for. Flipping is easy and gives great profits on all items!
What is affiliate marketing you may be wondering… Affiliate marketing is when you sell products on behalf of a company to receive a percentage for each sale you make. How this is done, is by building your own eCommerce website with the products for sale, then driving traffic to this site through the use of banner ads to attract people’s attention. However you need more than one company’s products on your website to increase your conversion rate and to make more money, the more you sell, the more you make.
Starting an eCommerce Business
eCommerce websites are online shops, you can be sitting at home in your pyjamas selling your products/services all day if you want. They are essential for existing shops.
Having an eCommerce business has many benefits including; lower costs, no need for rent and maintenance on your brick and mortar shop, this also allows you to have the budget to market more online through the use of social media and paid ads; overcoming geographical limitations, with the use of a website, you can expand your customer base to the whole country, instead of only selling to the local community where your shop is based; creating deals, coupons and bargains to increase the number of sales, using a discount code as a hook to increase sales is a highly effective and highly utilized way of increasing traffic and sales on your website.
If you are interested in online marketing at all, you will know the potential in any mailing list. There is a lot of money to be made in email marketing, the key is to choose a niche (category of interest) and consistently deliver value to your email list, don’t always pitch and try to sell your audience stuff because nobody will be interested and will unsubscribe from your list. It is reported that each email on your list is worth around £1 to you per month, so that means a 10,000 email mailing list is worth to you about £10,000 per month. Lovely.
Remember: Think about your audience and what you can offer them to benefit them, then treat them with respect and build trust with them and you will eventually reap the rewards.
Online Training Courses
Online courses are a great way to make money online. What do you know a lot about? That’s your course, people think you need to be an expert on a topic to train people, but that is not the case, you just need to know more than the person your selling. Creating videos, tutorials, work exercises etc. are great resources for training a topic online. All you need is a website, and a way to attract customers, social media is a great way to do this, by using paid ads, you can send ads to people who are actually interested in the topic you are teaching, this means your money spent on ads will be well spent by going to people who like what you do and will want to learn more.
If you would like some more information on any of the topics above please feel free to email me, email@example.com, I am happy to answer and advise you on any questions you may have.